Home / Financial crisis

Financial crisis

‘Intensely competitive’ winter ahead for airlines serving sun destinations

westjet.jpg

It’s shaping up to be an “intensely competitive” winter for Canadian airlines and tour operators serving sun destinations, leading analysts at National Bank to lower their price targets for WestJet Airlines Ltd. and Transat AT Inc. The bank’s analysis of the sun destination leisure market found that total capacity from …

Read More »

Keurig Green Mountian Inc short sellers just got burned! Stocks soars on news of $13.9 billion buyout

keurig2.jpg

Keurig Green Mountain Inc. will be acquired by a JAB Holding Co.-led investor group for about US$13.9 billion in cash, bringing a massive windfall to shareholders after a year of watching the stock get battered. Following the buyout, Keurig will be privately owned and independently operated, according to a statement …

Read More »

Goldcorp CEO Chuck Jeannes to retire in spring, Hudbay Minerals CEO to take helm

goldcorp-ceo.jpg

VANCOUVER — Goldcorp says its president and chief executive Chuck Jeannes will retire in the spring and David Garofalo, who is currently the president and CEO of HudBay Minerals Inc., will take over his role. The gold miner said Jeannes will step down following the company’s annual general meeting in …

Read More »

Alabama Graphite – Straight to Battery Ready

baxter-on-crusher-aug-2015.jpg

Alabama Graphite – Straight to Battery Ready Alabama Graphite Corp. (V.ALP) has released a Preliminary Economic Assessment on its Coosa graphite project in central Alabama. Reading through the PEA and the press release, it is immediately apparent that there are a number of features which truly differentiate Alabama Graphite from …

Read More »

Be ready to buy gold equities: J.P. Morgan

gold-prices.jpg

Most analysts are cautious on gold these days, especially since the market anticipates a rate hike from the U.S. Federal Reserve next week. But there is some mild optimism seeping into the forecasts for 2016, including the one from J.P. Morgan analyst John Bridges, who pointed out that gold has …

Read More »

Brent crude drops below $40 for first time in almost 7 years

1208crude.jpg

Brent crude fell below US$40 a barrel for the first time in almost seven years after OPEC effectively abandoned any limits on crude output, prompting speculation that a record global glut will continue. Prices fell to the lowest since Feb. 20, 2009, dropping for a third day after the Organization …

Read More »

Tax hikes, carbon caps and now $37 crude: For Canada’s oilpatch, the bad news just keeps coming

oil.jpg

For Canada’s oil industry, the bad news won’t stop. With OPEC’s decision on Friday to keep pumping oil in the face of a glut and prices for the commodity falling to their lowest level since 2009, Canadian producers are once again faced with the now-familiar problem of how to make …

Read More »

Stranded barrels in the oilsands: How carbon curbs will stunt growth in Canada’s oilpatch

1215oil2.jpg

Canadian oilsands producers like Suncor Energy Inc. like to tout the long life of the world’s third-largest crude reserves as their greatest asset. That longevity may now be their biggest liability with a new global agreement to curtail carbon emissions. Secret deal on carbon emissions has driven a rift through …

Read More »

Suncor attacks Canadian Oil Sands leadership as having ’almost no skin in the game’

1215cos.jpg

CALGARY — Suncor Energy’s latest appeal to Canadian Oil Sands shareholders attacks the leadership of the reluctant takeover target for having ‘almost no skin in the game.’ Suncor CEO Steve Williams says COS directors and executives own less than 0.1 per cent of the company’s shares. He says if COS …

Read More »

Why the Star Wars rebel alliance needs a central bank

1217force.jpg

ST. LOUIS, MO. – The U.S. Federal Reserve has it easy — at least compared to the problems that would face a Central Galactic Bank after the smoke clears from the anti-Empire rebellion when Star Wars episode VII premieres this week. Blowing up the Death Star in Star Wars would …

Read More »