The stock price has held up after the delta order was announced. As I expected It was not a sell the news event, since it is certain that more orders will follow. It has been a long time waiting for the CS EIS, but the wait is over and the benefits will surely come.
Posting this excerpt of a bloomberg report out yesterday because the link ducati0000 put up will likely get deleted.
@JetBlue Airways Corp. resumed talks with Bombardier Inc. about a possible order of the planemaker’s C Series aircraft, after a pause in discussions earlier this year, people familiar with the matter said. The two sides began meeting over the jetliner in the second half of last year, but broke off negotiations about two months ago, said the people, who asked not to be identified because the matter is private.
Once again the courts have tightened the noose around big tobacco's neck just a little bit more. Next up is plain packaging.
@LUXEMBOURG/LONDON, May 4 (Reuters) - The European Union's highest court on Wednesday upheld a tough EU law that will standardise cigarette packs, ban menthol flavouring and restrict e-cigarette advertising, paving the way for its adoption this month and dealing a blow to Big Tobacco. The European Court of Justice's rejection of a legal challenge brought by Philip Morris International and British American Tobacco (BAT) could weigh on profits for the industry and sets a precedent for other governments to crack down on a habit that causes nearly six million deaths a year worldwide. The legal challenge, which was also supported by Japan Tobacco International and Imperial Brands, can now be taken no further and the Tobacco Products Directive (TPD) will take effect on 20 May, though wholesalers and retailers will be given a year's grace to sell stocks manufactured before that date. The TPD will ban menthol cigarettes by 2020, standardise packs and impose rules on e-cigarettes, such as limits on nicotine strength, tank size and advertising. The court also said that member states may introduce further packaging requirements, such as the "plain packaging" measures proposed in Britain, France and Ireland.
Pretty much a tie right now for which way the vote goes.
@According to a weekly online poll published by opinion poll firm ICM Tuesday, 45 percent of voters were in favor of Brexit, against 44 percent who believe Britain should remain in the 28-member bloc. The photo above shows London Mayor Boris Johnson demonstrating in favor of Britain leaving the EU. A similar poll published last week by ICM found 44 percent of voters wanted to remain in the EU compared with 46 percent who wanted to leave. Conducted between April 29 and May 3 the survey was weighted to take into account the likelihood of respondents actually voting in the June 23 EU membership referendum, based on their comments, ICM said.
Seriously... late 2020's?!
@Uranium industry focuses on costs as supply glut continues Uranium miners and traders are suffering from oversupply, low prices, lack of liquidity and low demand from utilities, and have little to no expectation of improving market conditions in the short- to medium-term, uranium market participants said during the World Nuclear Fuel Cycle conference The conference was in Abu Dhabi early April. Since December 31, uranium prices have dropped by close to 20%, reaching a low of $25.50/lb April 15, the lowest daily spot price reported by the company since 2005, according to TradeTech data. Nick Carter, executive vice president, uranium with price reporting company Ux Consulting, said in a conference presentation that the spot uranium price could stay in the low $30s/lb “for quite some time” because of an excess near-term supply of about 25 million to 30 million lb U3O8 from 2016 to 2019. Carter does not see a supply deficit in the market until “the late 2020s” due to the current supply glut. Further complicating the supply picture, uranium enrichment companies are using their extra enrichment capacity to bring an estimated 15 million lb U3O8 equivalent to the market annually by driving down their operational tails assay, according to Ruthanne Neely, UxC senior vice president of enrichment and general counsel. When enrichers are in overcapacity, they can “underfeed” — that is, use less uranium for the same resulting enriched uranium product — and sell the excess uranium back into the market.
Neely estimated that there is “over 60 million SWU in excess inventories” in the form of EUP that can be sold on the market. There is so much EUP material that finding storage space is difficult, she said. Given current requirements, she said the inventory would only be drawn down by 2028.
Apparently the spammers are buying more haha.
@sandozmeadors • 1 hour 17 minutes ago Flag
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Just Bought More
Potential Swing Failure - Video at StockMarketVideoc - ECA
Apparently no one here knows huh. Well, it looks like there's a two year notice required. That's a mighty long time for SU to sit on its hands don't you think?
@Under the management contract beginning in 2006, Imperial Oil ushered in ExxonMobil senior staff to run Syncrude, which is on its third Exxon CEO since 2007. Michael Dunn, director of institutional research at FirstEnergy Capital in Calgary says, “Syncrude’s seen a lot of changes since ExxonMobil took over management—I’m not sure what morale is like.” The most recent crop of leaders didn’t have extensive Canadian oil sands operational experience: CEO Mark Ward came from Exxon’s Nigerian operation; COO Pablo Borgnino was an Esso refinery manager in Argentina before moving with Exxon to California; and Manuel Ortiz, vice-president of business services and CFO also worked for ExxonMobil in Argentina. The contract requires a two-year notice period for termination, but, “if Suncor makes it clear that it won’t renew the contract then management changes could happen before the two year wait time is up,” Dunn says. Suncor says it hasn’t yet made a decision on the contract.
I own both BTI and RAI and I am content with the current structure. If.when a positive menthol ruling is issued, I will be happy to sell my RAI shares in exchange for more BTI shares.
I would not hold my breath waiting for OLED to announce deep blue pholed. Efficient commercial blue will probably arrive in the form of a TADF emitter. That will help certainly boost adoption rate of oled displays and thus benefit OLED somewhat, but only indirectly through higher red and green emitter sales.
----Would seem UDC is still the best OLED play as they have no declining segments (now host has gone) to offset growth-----
OLED has pulled several black swans out of its magic hat. In addition to host, there was the transition from old red and green emitters to new versions. Why do you think this won't happen again?
Any other bidders? Anyone? Going once, going twice... SOLD. MBT.TO sold to the BCE.TO man in the blue stripe suit for $40/share. Next up for auction is SaskTel. Let the bidding begin...
@BCE Inc. has struck a $3.1-billion deal to buy Manitoba Telecom Services Inc. The companies said Monday BCE will pay MTS shareholders $40 per share, for a total of approximately $3.1-billion, and will also assume $800-million in net debt for a total of $3.9-billion. Winnipeg-based MTS is the province’s incumbent telephone company and has about 50 per cent of Manitoba’s wireless subscribers.
Is anyone here buying FXB puts or calls to play the upcoming UK referendum on secession from the EU? What % move in GBPUSD could one expect to see in reaction to a Yes (or No)? 5% 10% 20%?
BTI already has significant exposure to RAI. Why stick their neck out further until there is clarity on the issue of menthol smokes? It was a big overhang on LO for years, that RAI somewhat mitigated by spreading risk out across several brands. It's not like anyone else can just swoop in and buy out RAI anyway, and BTI is profiting from their existing stake in RAI while they wait it out. I think this is a prudent (and justified) approach.
May 6 is the target date to gain support of all parties involved in the agreement.
@8K filed Apr 18
Pursuant to the Support Agreement (subject to the terms and conditions set forth therein): The parties have agreed to support and seek to consummate the Restructuring in a timely manner, including (subject to the negotiation of definitive terms and documentation) amending and restating the Credit Agreement to effect the following amendments set forth in the Amendment term sheet (the “ Amendment Term Sheet ”) (The Partnership has agreed with the Consenting Lenders that it will seek to enter into a transaction support agreement or similar agreement with holders of at least 66.67% of the principal amount of FELLC’s 7.875% Senior Notes due 2021 (the “ Notes ”) in support of the transactions contemplated in the proposed Restructuring on or before May 6, 2016;
8K filed Apr 22
Foresight Energy LLC and Foresight Energy Finance Corporation (together, the “Issuers”), together with Foresight Energy LP and certain other subsidiaries of Foresight Energy LP (together and collectively with the “Issuers” the “Partnership”) again extended the term of the existing forbearance agreement that was entered into on December 18, 2015 with certain holders (the “Consenting Noteholders”) of the Issuers’ 7.875% Senior Notes due 2021 (the “Notes”). As a result of the extension, the forbearance period runs through May 6, 2016, unless further extended by the Consenting Noteholders in their sole discretion or unless earlier terminated in accordance with its terms. The extensions are intended to provide additional opportunity to engage in discussions and negotiations with the holders of the Notes and our secured lenders.
The FELP deal with creditors appeared to kick off the run up in SXCP. But that deal has not yet been signed off by the parties. I believe there was deadline of early May to adopt it, extend it, or else...
The FELP agreement does not appear to be having the desired effect. When I skimmed through it, there seemed to be some loose strings that sill had to be tied up by early May, or else it would fall apart.