Today on Stockhouse
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Peter Kennedy reports on why size matters to mine financier IBK in his Stockhouse Movers & Shakers column.
This as TickerTrax’s Danny Deadlock is set to launch a new research tool for junior gold investors.
Top Bullboards post: “SRM has a mine that we could say is on production and with an amazing diamond distribution and a producer of spectacular diamonds as Tiffany notice before and now Taché Company N.V. has notice it. SRM we could say has sold everything that comes out of the ground. Remember when Tahera was operating the mine (and they missed some diamonds). The Jericho Diamond Mine produced a total of 786,000 carats of gem quality diamonds, including over 1,100 stones greater than 10 carats and one stone greater than 58 carats (which it was sold over $ 450,000.00 back then when the diamond prices were lower). Diamonds prices have triple since Tahera was in production and at today's prices those 786 k carats would be value at: 786,000 carats x 150 = $117,900,000.00.” From newsmaker on the Shear Diamonds (TSX: V.SRM, Stock Forum) board.
Top Bullboard: Connacher Oil and Gas (TSX: T.CLL, Stock Forum) received the most reads and the second-most posts.
Top blog: fredski presents an article predicting natural gas demand to double by 2040 in the Carpe Diem blog.
For news about small stocks that made big moves Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"The market views Europe's deal as a positive step, so the optimistic juices are flowing," said Peter Tuz, president at Chase Investment Counsel, in an interview with CNNMoney. "The hope is that Europe is moving toward a mechanism that will allow for broader European Central Bank involvement, and other tools to solve the financial crisis."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| FuelCell Energy (NASDAQ: FCEL) |
Q4 |
$ - 0.07 vs. $ - 0.11 |
|
| Spartech (NYSE: SEH) |
Q4 |
$0.03 vs. $0.01 |
|
| Synergetics USA (NASDAQ: SURG) |
Q1 |
$0.05 vs. $0.03 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Orbit Garant Drilling (TSX: T.OGD) |
Q1 |
$0.12 vs. $0.07 |
|
Today In The Markets
Stock markets higher as European leaders agree on new budgetary pact
|
| DJIA |
12,184.26 |
+186.56 |
 |
|
| NASDAQ |
2,646.85 |
+50.47 |
|
|
| S&P500 |
1,255.19 |
+20.84 |
|
|
| S&P/TSX |
12,034.75 |
+82.96 |
|
|
| S&P/TSX Venture |
1,547.31 |
+29.93 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed higher as the European Union moved to establish a new treaty that aims to more closely integrate the finances of member countries.
The S&P/TSX composite index rose 82.95 points to 12,034.75 after most members of the European Union signed on to a deal to ensure there is no repeat of the current debt crisis. Britain was the lone holdout, arguing the treaty wasn't in its best interest.
The Dow industrials ran ahead 186.56 points to 12,184.26.
The Nasdaq index jumped 50.47 points to 2,646.85 and the S&P 500 index gained 20.84 points to 1,255.19.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Duke Realty Corp. (NYSE: DRE, Stock Forum)
Duke Realty Corp. announced that it has completed the previously announced disposition of a suburban office portfolio located in seven of its markets across the Midwest and Southern United States. The final composition of the portfolio included approximately 9.8 million square feet and 79 buildings. An affiliate of Blackstone Real Estate Partners VII purchased the portfolio, which includes substantially all of the company's wholly-owned office properties in Atlanta, Chicago, Columbus, Dallas, Minneapolis, Orlando and Tampa, for a total purchase price of $1.06 billion. These assets were encumbered by mortgage loans having an aggregate principal balance of $24.9 million as of September 30, 2011.
Foran Mining Corp. (TSX: V.FOM, Stock Forum)
Foran Mining Corp. has filed on SEDAR a National Instrument 43-101 compliant technical report entitled "Technical Report on the McIlvenna Bay Project, Saskatchewan, Canada", dated December 9, 2011, and prepared by Mr. David W. Rennie, P.Eng., of Roscoe Postle Associates Inc. ("RPA"). Mr. Rennie is a Qualified Person as defined in National Instrument 43-101 and both Mr. Rennie and RPA are independent of Foran. The Report is in support of a new mineral resource that includes the Copper Stockwork Zone at Foran's 100% owned McIlvenna Bay Project in east central Saskatchewan, as outlined in the Company's news release dated November 2, 2011.