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Canadian National Railway Company Message Board

blackoutbuzz 666 posts  |  Last Activity: 3 hours ago Member since: Apr 26, 2001
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  • Reply to

    FP article on merger

    by blackoutbuzz 3 hours ago
    blackoutbuzz blackoutbuzz 3 hours ago Flag

    Oops read it wrong. He saw FCU.TO getting bought out by the likes of CCJ or RIO. So now we wait and see if one of those companies tries to buy DNN or FCU.TO (or perhaps the merged firm). all while these stocks trade near lows.

  • So the CEO of the new merged DNN sees it getting bought out. Wow what a surprise.My guess - cash deal, with the new company still trading near 52wk lows.

    @TORONTO • Junior uranium firms Denison Mines Corp. and Fission Uranium Corp. are merging in a deal that creates a clear-cut leader among the emerging companies operating in Saskatchewan’s Athabasca Basin. The key asset in this deal is Fission’s Patterson Lake South (PLS) project, one of the top uranium finds in decades. The combined company will have greater scale and management expertise, putting it in a stronger position to move the asset towards production. Toronto-based Denison is one of mining tycoon Lukas Lundin’s companies. In an interview with the Financial Post four months ago, Lundin spoke highly of the Fission’s PLS discovery and expressed an interest in doing a transaction with the company. He didn’t wait long. Following this deal, Lundin will become chairman of the combined entity. Fission CEO Dev Randhawa will stay on as CEO. “This merger will create the uranium industry’s leading exploration and development company at a time when the sector is poised for growth,” Randhawa said in a statement. Randhawa has stated he expects Fission to get acquired by a large company with the mining expertise and the capital required to develop the PLS project. Cameco Corp. was an obvious candidate. Denison is much smaller than Cameco, but it has an experienced board and management team. Thanks to Lundin’s involvement, it has much greater access to capital than most mining companies its size. Of course, Cameco or one of its large rivals could disrupt this deal with a rival bid for one or both companies. The break fee is a modest $14 million, which is not a major deterrent. Other potential bidders are French firm Areva SA and Anglo-Australian mining giant Rio Tinto Ltd., which are both active in the Athabasca Basin. The most attractive asset for any potential buyer would likely be Fission’s PLS discovery

  • blackoutbuzz by blackoutbuzz 3 hours ago Flag

    Here's TD's take on the deal

    @Denison Mines Corp. (DML-T, DNN-A) C$0.88
    SPEC. BUY
    (Prior: HOLD);
    Target: C$1.45
    (Prior: C$1.50)
    Denison and Fission Agree to a Friendly Merger

    Impact: POSITIVE
    We believe that the combination of Denison and Fission makes good strategic sense for Denison as it adds what we believe is one of the best undeveloped assets in the Athabasca basin in Patterson Lake South’s (PLS) Triple R deposit. We estimate that Denison is paying approximately $3.28/lb to acquire a high-grade, relatively shallow deposit with a total resource (M+I+I) of approximately 105.4mmlb, with significant exploration upside. This compares very favourably with the recent Athabasca focus transactions which
    have ranged between $8–$11/lb albeit these transactions were announced at higher uranium spot prices

    TD Investment Conclusion Our pro forma target price drops to C$1.45 (from C$1.50), but given the
    recent weakness in Denison shares, we are upgrading our recommendation to SPECULATIVE BUY from Hold. Despite what could be subdued prices for uranium over the next 12–18 months, we believe that Denison shares could outperform given the combined platform and exploration upside of its Athabasca-focused assets.

  • Reply to

    Chart T/A

    by blackoutbuzz Jun 5, 2015 3:48 PM
    blackoutbuzz blackoutbuzz 9 hours ago Flag

    Sooo... Mighty MO was looking shaky at the $48 fib level a few weeks ago, but managed to move off it, and recovered the 200 day SMA in a big push up today. Now has to fight off the death cross that occurred last week. Never got to add at my $46 target, but it's all good.

  • Reply to

    1.13 and falling like a rock!

    by unemon.unemon 17 hours ago
    blackoutbuzz blackoutbuzz 9 hours ago Flag

    Preferred's took a big dive on volume close to the end of trading today.

  • Reply to

    back in the trench

    by dca1125 Jul 2, 2015 11:17 AM
    blackoutbuzz blackoutbuzz 9 hours ago Flag

    The dropoff in sales is pretty dramatic. But like I said, to me this is just noise compared to the TV space.

    @@Apple Watch sales slow to a crawl as hype fades BY PATRICK SEITZ 05:42 PM ET After an initial surge of buying, Apple Watch sales have seen a steep drop-off, according to data from Slice Intelligence, a Palo Alto, Calif.-based market research firm. In June, Apple (NASDAQ:AAPL) sold an average of 14,500 watches a day in the U.S., with sales tailing off as the month wore on, Slice reported. In the last seven days of available data, June 25-July 1, Apple sold an average of 4,600 watches a day. On the first day of availability, April 10, Apple sold about 1.32 million Apple Watches. Over the remaining 20 days in April, Apple sold an average of 26,900 watches a day. Slice estimates that Apple sold 2.97 million watches in the U.S. as of July 1, worth $1.19 billion.

  • blackoutbuzz blackoutbuzz 14 hours ago Flag

    Big banks are desperate. They realize the potential of this disruptive new technology, but will all fail in any efforts to build a version of cryptocurrency and corresponding blockchain ledger to challenge a fully decentralized design like BTC and LTC. After all, the main point of this technology is the simple fact that no one controls it.

    @@The day has come: Banks can’t ignore Bitcoin anymore. Not even the biggest of the big. First up is Citigroup, the New York City-based global banking giant recently revealed to the International Business Times that it is developing its own version of Bitcoin. Predictably branded ‘Citicoin,’ the virtual currency was coded by Citigroup’s research and design arm, Citi Innovation. Still in the early testing phase, a patent has not been filed for the mainly open-source cryptocurrency, which is based off of Bitcoin and its core blockchain ledger technology, a chronological public ledger of all Bitcoin transactions that have ever taken place. This approach will allow for less complicated and less costly cross-border payments and other transactions. Citigroup, which has eyed distributed ledger tech over “the last few years,” also admitted to the Times that it has developed three internal blockchains to test its fledgling digital coins on.

  • blackoutbuzz blackoutbuzz 15 hours ago Flag

    Palladium/platinum have vital applications in industry. Digital currency offers the ability for simple and rapid exchange between individuals, which can be important in certain situations. Both are superior in every respect to gold. Gold is just a useless shiny metal.

  • Reply to

    Recent weakness

    by blackoutbuzz Jul 6, 2015 2:16 PM
    blackoutbuzz blackoutbuzz 16 hours ago Flag

    I wonder how much of this is specific to RR.L vs. the entire engine makers group. Maybe RR.L just doesn't have the right product at this period in time. Anyone have an idea what percentage of total sales PCP derives from the company? I would think it is quite significant.

    @@The company is facing weak demand for some of its current lineup of engines, even as bookings for future engines have been robust. “We have a record order book at the moment, we need to turn that record order book into profits,” Mr. East said in an interview. In its first indication of how business will fare next year, Rolls-Royce warned of a £300 million profit setback in its civil-aerospace business—the unit that generates most of Rolls-Royce’s earnings—amid weak demand and pricing for Trent 700 engines that power Airbus Group SE A330 jets. The European plane maker is introducing a new model from 2017, powered exclusively by Rolls-Royce. Civil-aerospace earnings also have been hit by softness in business-jet sales in some markets and lower-than-anticipated demand for parts for regional airliners, while cutbacks in the offshore oil and gas industry have knocked back demand for marine engines, Rolls-Royce said.

  • blackoutbuzz by blackoutbuzz Jul 6, 2015 9:12 PM Flag

    Interesting

    @Maite Brandt-Pearce, a University of Virginia engineering professor and her former graduate student, Mohammad Noshad, now a postdoctoral fellow at Harvard University, have devised a way of using light waves from LED fixtures to carry signals to wireless devices at 300Mbps from each light. "We developed a modulation algorithm that increases the throughput of data in [visible light communications]," Brandt-Pearce said. "We can transmit more data without using any additional energy. As more light fixtures get replaced with LED lights, you can have different access points to the same network." Their breakthrough means that data can be transmitted faster with light waves using no more energy than is already required to run the lights. Noshad and Brandt-Pearce have filed a patent - along with the University - on their idea and Noshad has created a company, VLNComm, for Visible Light Network Communications, to which Brandt-Pearce is a consultant. The Charlottesville-based firm is developing a prototype for potential investors - a desk lamp that provides an Internet connection through light - and conducting further research. "We have a patent with the University and we will file more patents on the research being done now," Noshad said. "We can make different products, such as a large LED panel for shopping centres, airports and conference rooms. And we can build LED bulbs for use in the home." He said it would be a matter of simply adding software to computers to connect them with LED transmitters. "This is not a replacement for wi-fi; it's an augmentation," Brandt-Pearce said. "Researchers have called it 'Li-Fi'. Our modulation can be used in any optical device so this has the potential for widespread use and much better access than present wi-fi based on radio waves."

  • Reply to

    Sitting at book value

    by scam_breaker Jul 6, 2015 12:34 PM
    blackoutbuzz blackoutbuzz Jul 6, 2015 8:50 PM Flag

    --- Place your bets.----

    I never saw you state in any of your posts what your long position is. Talk is cheap.

  • Reply to

    Sitting at book value

    by scam_breaker Jul 6, 2015 12:34 PM
    blackoutbuzz blackoutbuzz Jul 6, 2015 8:48 PM Flag

    The simple fact is CREE has had zero growth for the last year. Management has repeatedly failed to deliver on growth targets. If analysts and investors choose to believe what management feeds them that is their problem, not mine.

  • Reply to

    FE a buy at this level....

    by mac110m Jun 3, 2015 11:04 AM
    blackoutbuzz blackoutbuzz Jul 6, 2015 7:27 PM Flag

    Your truck is full of worthless coal miner BTU. You should have dumped that first before loading it with FE. Now you'll end up with two flat tires instead.

    @@
    BTU down on low volume....Not to worry
    by mac110m • May 13, 2015 8:52 PM Flag
    Just in trading pattern. Learn to play the game. Don't sell and loose out on the run up.
    Sentiment: Strong Buy

  • Reply to

    Time to buy CREE , imo

    by iam_esusun Jul 6, 2015 6:45 PM
    blackoutbuzz blackoutbuzz Jul 6, 2015 7:03 PM Flag

    Time for you to do a lot more DD I believe

  • Reply to

    What now?

    by captrim99 Jul 6, 2015 5:44 PM
    blackoutbuzz blackoutbuzz Jul 6, 2015 6:55 PM Flag

    Why is DNN coughing up a 20% premium in what is essentially a merger of equals?

    @@@Based on the 30 day volume weighted average price of Denison's shares on the TSX of CAD$0.99 as at July 3, 2015, the offer implies a price per Fission common share of CAD$1.25 and represents a premium of approximately 18% to the 30 day volume weighted average price of Fission's shares on the TSX of CAD$1.06 as at July 3, 2015.

  • Reply to

    Sitting at book value

    by scam_breaker Jul 6, 2015 12:34 PM
    blackoutbuzz blackoutbuzz Jul 6, 2015 2:32 PM Flag

    Wake up... those forward estimates are meaningless when a company fails to deliver repeatedly, and CREE has done exactly that... no revenue/earnings growth for about a year now.

  • blackoutbuzz by blackoutbuzz Jul 6, 2015 2:16 PM Flag

    PCP surely is getting hit on this news.

    @@Rolls-Royce RR.L, -6.30% shares sank 6.3% as Europe’s largest maker of aircraft engines warned that weak demand in its airliner and marine engine businesses would be a drag on earnings through next year. In addition to cutting its guidance on underlying pretax profit, a measure that excludes some costs, Rolls-Royce said its cash outlook had worsened and it would end its plan to buy back £1 billion ($1.55 billion) worth of shares about halfway through the program.

  • blackoutbuzz by blackoutbuzz Jul 6, 2015 12:47 AM Flag

    way better than any 'real' news you hear

    /watch?v=2jDpdGA37A0

  • blackoutbuzz by blackoutbuzz Jul 3, 2015 12:37 AM Flag

    With its market cap shriveling, and the BL bankruptcy set to eliminate a large chunk of debt, what prevents a large integrated steel company with US operations like MT or a big IO player like RIO from swooping in and scooping up the company for dirt cheap, leaving existing shareholders hanging out to dry?

  • blackoutbuzz blackoutbuzz Jul 2, 2015 9:44 PM Flag

    Maybe a silly question, but why is bigger better? Does it allow the company to drive loan costs down? Command higher rates? It's not at all obvious to me, especially considering that takeovers demand a premium (although if the target is intrinsically undervalued to begin with that is not a big deal).

CNI
57.91+0.26(+0.45%)Jul 7 4:00 PMEDT