Update BHP Billiton (BHP)
As tea leaves go, those presented to investors in BHP Billiton’s (BHP) February 16 post-earnings-report conference call could have been a bit clearer. I think the way to decide buy/sell/hold on BHP and on the mining sector as a whole is to look past the very confusing...For commodity profits follow the long cycles–here's how
The sky’s the limit. The sky is falling. In the short term pretty that much describes the behavior of commodity stocks. And it’s all too easy to get caught up on the drama of those short-term moves because the possible profits if you can outguess the market are all...Update Vale (VALE)
And the biggest winner from Argentina’s huge natural gas from shale discovery in Patagonia? YPF Sociedad Anonima (YPF) is certainly a winner. The find of 4.5 trillion cubic feet of gas is roughly double the Argentine company’s previous proved natural gas reserves of...Update Fortescue Metals (FSUMY)
Some movement this week in simplifying the complicated balance sheet of Fortescue Metals Group (FSUMY), the third largest iron ore mining company in Australia. The company’s stock climbed 7.8% on October 11 after Fortescue announced that it had signed a $2.04 billion...Iron ore prices retreat by 12% and iron ore mining stocks say, So what?, and move higher
It’s hard to imagine this happening with any other “product.” The price of the product drops 12% for the next quarter. And the stock market essentially shrugs it off. On a bad day for the market, August 30, when the Standard & Poor’s 500 stock index drops by...Acquisition fever burns hot–here are three stocks to profit from the frenzy
Acquisition frenzy is upon us. August is on a path to be the second best August ever for acquisitions. Making a profit from one of these deals ought to be as easy as shooting fish in a barrel. Except it’s not. Many of the barrels as completely void of deals: fire away...Cheap money is the root of all financial bubbles–and it's still at work now
If you’d like to see somebody—lots of somebodies, if I had my wish–go to jail for their role in creating the lob al financial crisis, then $8 million looks cheap. That’s the budget for the Financial Crisis Investigation Commission. If, just for starters, some of...Good luck with that–now some Chinese importers want a boycott to protest Vale, Rio Tinto, and Billiton's iron ore monopoly
Now this seems like a bad idea. Some of China’s iron ore traders are suspending imports of ore from Vale (VALE), Rio Tinto (RTP), and BHP Billiton (BHP), the three companies that dominate the world’s iron ore production. The decision to stop importing ore, China’s...When will rising commodity prices threaten the economic recovery?
Ah, if it were only iron ore. The big three companies that dominate the world iron ore market—Vale (VALE), Rio Tinto (RTP), and BHP Billiton (BHP)—have won price increases of 80% to 100% from Asian steelmakers. Like it or not, European steelmakers will have to fall in...Update BHP Billiton
On January 20 BHP Billiton (BHP) announced that second-quarter iron ore output rose 11% to a new record on heavy demand from China. The company also reported increased production of petroleum, zinc, diamonds, and nickel. Production of coking coal, uranium, and copper...Iron ore wars get nasty: Higher ore prices–and more acquisitions by China–ahead
The war of words—and sometimes deeds—continues between China and the world’s biggest iron ore producers, BHP Billiton (BHP), Rio Tinto (RTP), Vale (VALE). The producers seem intent on freezing China out of the annual negotiations that set iron ore prices for the year...Trading halted in Fortescue Metals: more cash from China on the way?
Trading in Australian iron ore miner (and Jubak’s Pick) Fortescue Metal (FSUMF.PK) has been halted in anticipation of the release of news on Monday that the company has completed a ”commercial negotiation”. Speculation in Australia is that the news...China plays hardball on iron ore but the iron ore miners are the winners so far
China has so far refused to sign a long term contract with the world’s big iron ore exporters, Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RTP). The goal was to get a big price break on iron ore prices. But it now looks like China’s tough stance has...The key to commodities investing now is idle capacity. And how quickly it gets back into production
In its regular report on June iron ore production, delivered on July 22, BHP Billiton (BHP) gave investors the key to investing in commodities over the next year. Ignore this at your portfolio’s peril. BHP just told us all what to buy, what to avoid, and when....Jim’s Daily Email Alerts:
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