Barrick Gold Becomes An Oil Producer?
Barrick’s bid to acquire Cadence Energy surprised me at first. After all, Barrick is a gold miner, right?
The nature of the bid was surprisingly local. Cadence is a small oil driller; we’re talking tiny. They produce 3,600 barrels of oil a day. I mean, why bother? The short answer is this: Barrick is thinking globally, […]
Safety in Reits? Don’t count on it:Analysts
I’m bringing you this article that caught my attention on the business times. Certainly for dividend investors the opportunity in REITs have been getting good these few months with some REIT having yields up to 9-10%.
While searching for top yielders are important, it is worthwhile to choose based on growth prospects and value prospects as […]
SPC: Singapore Petroleum Corporation second quarter results
Just got wind from Maki that SPC have just released their second quarter results. so how did they fair?
Revenue Growth was 64%
However, net profit grow by only 0.5%
Compare to previous year cash position was drastically reduced to 290 mil from 475 mil
However, what has increased are derivative instruments from 7 mil to 64 mil
Increase in […]
5 Big Winners in the banking crisis
In trouble times in one sector, there is bound to be losers. Likewise, there will be the winners, the sharks that take advantage of others’ pitiful plight to consolidate and expand their position. Such is the nature of business. Jubak here writes on 5 of the most likely winners.
Where there are losers, there are going […]
Charlie Rose: Interview with Mohamed El-Erian
Its the start of another work week! And i got news that another business unit had twice as much pay increment as i have!
Short of spreading much depressing news, i prefer to stick to more constructive things and i came accross this video on an interview with Mohamed El-Erian. Who is he? he is the […]
David Dreman:Bear Market Opportunities
These aren’t happy times, but they’re historic ones. The Dow Jones industrial average suffered its worst June since the Great Depression. In July it crossed the threshold into a bear market, dropping 22% from its October 2007 high.
The liquidity crisis continues to unfold, proving far worse than even the most pessimistic Wall Streeters expected. Several […]
Stormy Nov Trade
This has got to be my most difficult trade. Sad to say i did not make any money out of this. But I’m glad that I did not take any lost from this trade.
The difficulty in trading a condor in a high IV environment can be felt fully in this trade. Of course i did […]
Understanding Options - Profit (loss) vs Price Graphs
Option overview
An option is a right to buy or sell an asset for a specified price and time.Let’s say you want to by a TV on sale at Wal-Mart. You drive there only to find out that it’s "sold out". So you go to the clerk and ask for a "rain check".
This "rain check" […]
