WallStreetBlips - Latest Commodities News Articles

Metals

Thu, 26 Nov 2009 11:40:33 +0000

The ups and downs in the prices of industrial metals since the beginning of 2008 have reflected the fluctuating fortunes of the world economy. The copper price, which peaked in April 2008, had fallen by over two-thirds from that high by December 30th last year, when it hit bottom. The price of nickel fell by a whopping 72.3% from peak to trough. Prices have recovered as growth has returned to most rich countries. Copper is now selling for more than it did at the beginning of last year. The price of zinc has doubled from its low point last December, though it is still 2.9% cheaper than it was at the start of 2008. The nickel price has risen by nearly two-thirds in the year to November 24th. ... >

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Buttonwood: A developing bull market

Thu, 26 Nov 2009 11:40:33 +0000

Low yields on cash are sending investors far afield THE hunt for the next bubble is well advanced. Gold, which has repeatedly hit record nominal peaks, is a plausible candidate. Like a dotcom stock, it seems to lack any valuation constraints. Another option is emerging markets. Equities in developing markets have already enjoyed a phenomenal rally this year, with the MSCI emerging-markets index up by 73% as of November 25th. But what about emerging-market debt? ... >

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Eni defies its critics: Another Roman empire

Thu, 26 Nov 2009 11:40:32 +0000

Italy’s energy giant grows when some want it to shrink ENI, a state-controlled oil-and-gas group established in 1953 to help Italy escape dependence on foreign firms, is growing. On November 23rd it announced the purchase of a share in several Ugandan oilfields from Heritage Oil, a small exploration firm. In October it announced the discovery of a big offshore gasfield in Venezuela and the award of a licence to develop a giant oilfield in Iraq. It is already developing one of the world’s biggest recent discoveries, Kashagan, beneath the Caspian Sea. By 2012 Eni expects to produce the equivalent of more than 2.1m barrels a day (b/d) of oil, up from 1.8m b/d last year. There are signs of strain. The development of Kashagan has suffered from cost overruns, delays and a change in terms forced upon it by the government of Kazakhstan. Eni’s debts amount to over 40% of its equity, a higher level than most of its peers. It cut its dividend earlier this year. Profits were down by 59% in ...

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Energen Tilts Toward Oil (EGN)

Thu, 26 Nov 2009 07:00:00 +0000

Energen is tilting its capital expenditures toward developing its oil assets in the Permian Basin due to its bearish stance toward natural gas.

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Deere Keeps Plowing (DE, WMT, HNZ, BKS, SBUX, CAT, JNJ)

Thu, 26 Nov 2009 07:00:00 +0000

In the worst economic environment since the Great Depression, Deere ended the year having earned $873 million.

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Central Bank Buying Spurs a Gold Rush

Thu, 26 Nov 2009 00:43:00 +0000

India's and Russia's central banks helped push gold to nearly $1,200 an ounce, although their buys amount to minor diversification. Is this a gold bubble?

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Jim Rogers on Why Gold Is Glittering So Brightly

Wed, 25 Nov 2009 22:00:00 +0000

Maria Bartiromo talks to Jim Rogers, creator of the Rogers International Commodities Index

Find more top finance news, videos, and blogs on WallStreetBlips: Commodities, Gold, Jim Cramer

BP Ramps Up Oil Production (BP)

Wed, 25 Nov 2009 07:00:00 +0000

BP has made a major push into the Gulf of Mexico, which will help keep it as the largest producer in the area.

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Gold In Waste Management (WM, RSG, BRK-A, CWST)

Tue, 24 Nov 2009 07:00:00 +0000

Very few businesses offer the stability of waste collection and disposal.

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Strong Franchises Make Strong Investments (ZINC, DE, CAT, MSFT, KO, AXP)

Tue, 24 Nov 2009 07:00:00 +0000

Dominantly entrenched companies with strong franchises offer a very sound investment strategy going forward.

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No Recession For Fido? (PETM, PETS, CENTA, VETS, COST)

Tue, 24 Nov 2009 07:00:00 +0000

Pet Smart had rising revenues and earnings, leading the way in the thriving pet supply industry.

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Playing With Platinum And Palladium (PGM, PAL, SWC)

Mon, 23 Nov 2009 07:00:00 +0000

Gold and silver get all the attention, but there are plenty of other metals that are good buys.

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U.S. Oil Production Increases - A Blip Or A New Trend? (CVX, MUR, EOG, HES, WLL, CLR, MRO)

Mon, 23 Nov 2009 07:00:00 +0000

U.S. oil production has reached a four year high. Is this just a blip? Or the start of a new trend?

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Accounting For Differences In Oil And Gas Accounting

Fri, 20 Nov 2009 22:10:20 +0000

How a company accounts for its expenses affects how its net income and cash flow numbers are reported.

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Mexico's economy: A different kind of recession

Thu, 19 Nov 2009 10:39:48 +0000

In some ways the pain is less bad than the statistics suggest. But recovery will be harder than in the past unless complacency gives way to reform THE last time Mexico suffered an economic slump, in 1995, it turned to its northern neighbour for help. The United States organised a $50 billion bail-out. Together with the boost provided by the enactment of the North American Free-Trade Agreement shortly before, that helped Mexico to rebound smartly from devaluation and recession. This time the United States is the problem, rather than the solution. The impact of the recession triggered by the bursting of America’s housing bubble has been even more severe south of the Rio Grande: although data for the third quarter, due to be released on November 20th, should confirm that Mexico has finally pulled out of recession, its GDP shrank by 9.7% in the year to June. That is a shocking number, far worse than the performance of countries like Canada or the Dominican Republic whose economies have similarly ...

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Oil Gets A Boost From The Weak Dollar

Wed, 18 Nov 2009 07:00:00 +0000

With oil at fresh multi-month highs, it's possible that momentum can carry the price farther than most think.

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IEA Report Will Please Oil Bulls And Bears (XOM, CVX, RDS.B, SU)

Tue, 17 Nov 2009 07:00:00 +0000

The latest report from the International Energy Agency (IEA) on demand for oil has something for everyone.

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Denbury Resources Leads In Enhanced Oil Recovery (DNR, EAC)

Tue, 17 Nov 2009 07:00:00 +0000

Denbury Resources will become the undisputed leader in enhanced oil recovery (EOR) once its merger with Encore Acquisition is complete.

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Gold Standard

Mon, 16 Nov 2009 07:10:02 +0000

Term of the Day for Monday, November 16, 2009

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The Juniors: The Best Thing In Gold (GDXJ, GDX, IAU, XME)

Mon, 16 Nov 2009 07:00:00 +0000

With gold surging to new highs, the junior miners and GDXJ may be the best way to play it.

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Peak Oil: Problems And Possibilities

Fri, 13 Nov 2009 22:43:34 +0000

Learn a little more about the "non" part of this nonrenewable resource.

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