Search Results
Analysist Mining and Industry Sector : China’s Industry Sector Reopen Coal Mine Import After Deal Coal Prices Contract
A months-long dispute between Chinese coal miners and power generators over annual prices has unexpectedly opened the door to rising imports, despite lacklustre demand and a supply glut.
Coal Surge Seen by Mobius as China’s Imports Increase (Update2)
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]
Exxon Mobil: A Well-Oiled Machine?
As integrated energy companies trot out their 2006 earnings reports, it’s abundantly clear that high prices have yielded rich returns for Big Oil. Exxon Mobil (XOM), the world’s largest publicly traded energy company, on Feb. 1 reported the largest annual profit in U.S. corporate history. It netted $39.5 billion, a 9.3% boost from 2005, despite [...]
Goldman, Deutsche Bank Say Double Down on Commodities (Update1)
Anyone who followed the advice of Goldman Sachs Group Inc. last year and invested $10 million in the Goldman Sachs Commodity Index would have lost 15 percent, or $1.5 million.
Like so many of Wall Street’s best and brightest, Goldman, the biggest securities firm by market value, says it wasn’t wrong, just early, and to expect [...]
Pengrowth Energy Trust Announces $1.0375 Billion Acquisition of Canadian Oil and Natural Gas Properties
Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF-UN.TO – News)(NYSE:PGH – News), (collectively, “Pengrowth”) is pleased to announce that it has entered into a definitive agreement to acquire Canadian oil and natural gas producing properties and undeveloped lands (the “CP Properties”) through the acquisition of the shares of four subsidiaries of Burlington Resources Limited, a [...]
