Maybe they are dumping SGYP to retail after the recent pump, while accumulating IRWD after the recent MS downgrade. Ya know... that pesky 'smart money' thing...
It appears Korea is also moving quickly.
@South Korea's POSCO , the world's fifth biggest steelmaker, said earlier it had been in touch with several Iranian firms seeking to do business after sanctions were lifted.
Like I said... u snooze u lose.
@NEW DELHI/MANILA (Reuters) - An Indian state company has agreed to sell high-quality iron ore pellets to Iran, its chairman told Reuters, in what could be a $200 million annual deal that signifies expanding business ties between the countries as sanctions against Tehran ease. India had remained one of Iran's top oil buyers despite trade curbs over Iran's nuclear programme and the two countries are now exploring partnerships worth billions of dollars in ports, steel, aluminium and power.
PCP just announced a new acquisition, but it;s not HAYN or ATI.
@7:02 am Precision Castparts to acquire Noranco from MidOcean Partners and PSP Investments for $560 mln; expected to be immediately accretive to earnings (PCP) : Noranco is a supplier of complex machined and fabricated components for aero-engine, landing gear and airframe applications. The cash acquisition will be immediately accretive to earnings. Subject to regulatory approvals, the transaction is expected to be completed during the third quarter of fiscal 2016, after which its results will be reported as part of the Airframe Products \segment.
Who does this guy really work for? He says BBD-B.TO management needs to deliver the G7000, while industry watchers confirm that market space is slowing down.
@For now, strength in North America is helping to offset weakness elsewhere, but that won’t last forever, said Aboulafia. And if Bombardier does end up delaying the Global 7000 and 8000 from their planned 2017 entry-into-service date, Gulfstream will have the chance to cement its dominance in the ultra-long-range market. “If Bombardier can get the Global 7000 and 8000 to market, they’ll be in great shape,” Aboulafia said. “It’s their high-end market attack. It’s their response to the Gulfstream 650 and it looks great, but everyone’s wondering when it’s going to be rolled out and when it’s going to fly and when it’s going to enter service.” For all that uncertainty, Aboulafia offers a sarcastic, “Thank you, CSeries!”
@Brian Foley, who spent 20 years as director of marketing for Dassault Aviation’s Falcon business jet — which competes with Bombardier and Gulfstream — said he thinks the growth in the large-cabin market is already slowing down. “The big-cabin aircraft was a favourite of emerging markets like China and Russia that today, because of political and economic reasons, aren’t buying aircraft as fast,” said Foley, who now runs his own aviation consultancy, Brian Foley Associates. “In addition, the oil-related companies and regions always favoured that size of aircraft too, and with the price of oil down they’re not as eager to buy today.” Bombardier acknowledged this when it announced in May that it would lay off 1,750 workers and cut production of its Global 5000 and 6000, citing softness in China, Russia and Latin America.
Well I guess these insiders who were buying back in June are just as embarrassed as anyone. Fact is this is a pure play on oil prices. Trade it accordingly.
As of 11:59pm ET July 24th, 2015
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Jun 22/15 Jun 19/15 Fisekci, Siren Indirect Ownership Common Shares 10 - Acquisition in the public market 250 $9.31
Jun 15/15 Jun 15/15 Twiss, Wesley R. Direct Ownership Common Shares 10 - Acquisition in the public market 1,897 $9.75
Jun 15/15 Jun 15/15 Raiss, Sarah Direct Ownership Common Shares 10 - Acquisition in the public market 2,033 $9.75
Jun 15/15 Jun 15/15 Bourne, Ian Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 2,033 $9.75\
I agree completely. I guess you don't know that rails is a big fan of BTU and has been buying all the way down (although he has never indicated what his ACB is, I can only assume it is well up there since he only buys a bit at a time). I posted my comment because he likes to bash FRO but in his eyes BTU is a pot of gold in the waiting.
Why wait for FRO to hit 1.30 when you can buy BTU at that price today? Beggars can't be choosers.
Per CYN CEO at the recent earnings call
@Goldsmith also said City National has made good progress toward the completion of its merger with Royal Bank of Canada, which is expected to close later this year. The $5.4 billion deal, announced in January, was approved by shareholders on May 27. "It was particularly gratifying that 99.6 percent of the votes cast by City National shareholders were in favor of the merger, and that the merger has been endorsed by key community development organizations in the communities we serve,” Goldsmith said. “This compelling combination will create significant opportunities and enhanced capabilities for our clients, colleagues and local communities."
The CEO says business from BBD-B.TO is strong. Go figure...
Ken Herbert, Canaccord Genuity - Analyst 
Okay. And then if I could. Finally, on the business and regional, you have highlighted, I think, 4% growth in those markets in the quarter. Any particular programs you'd highlight as maybe accelerating or standing out as part of that growth?
Nick Stanage, Hexcel Corporation - Chairman, CEO and President 
Gulfstream continues to be strong second quarter. Bombardier was strong. So there is not one or two programs. It really is across the business.
USA if you snooze you lose....
@@BASF SE Chief Executive Officer Kurt Bock plans to rebuild the business of the world’s biggest chemical maker in Iran, saying a visit to the country this week showed him the market potential for German companies.“German technology, German quality work and German reliability are very highly regarded and so we see good chances to tie again into old developments,” the CEO, who was part of a delegation that traveled to Iran with Economy Minister Sigmar Gabriel, said on a conference call Friday.
PS: That quote from an article out a year ago highlights the fact that Iranian tankers were being used to move Iran oil exports even though they faced sanctions. My point being that ships were moving oil all this time there were sanctions in place, so lifting the sanctions may not end up having as big an impact on the market as people expect it to. Only time will tell.
@Iran’s oil tanker fleet is gearing up for more business, with some vessels taking to the high seas after over more than a year at home ports, another sign that an easing in Western sanctions is enabling exports to begin to pick up. Iran and Western governments reached an interim agreement in November to restrict Tehran’s disputed atomic work in exchange for limited sanctions relief for six months, which came into effect in January. US and European sanctions imposed in the previous two years had sharply hit Iran’s oil exports, mainly by making it difficult for buyers to arrange financing for ransactions and insurance and documentation for shipments.
----total production around 1.5-2m bbls/day. Where are you getting your 3.3m bbls'day number?----
I assumed you were asking the OP where he got 3.3 from. I merely confirmed that is the correct ballpark production figure Exports are ~1mm bbls/day as you indicated, so yes, based on the number it would appear Iran has excess tanker capacity. It would seem likely that the ships that were being used as floating storage will presumably search out a market to ship oil even if it is not from Iran.
@The sanctions prohibit dealings by US and European companies with a list of firms that includes NITC, and companies from third countries that have dealt with NITC have themselves been added to the sanctions list.
Over the past few years NITC frequently changed the name of its vessels and flags to conceal its activity. Its fleet of 37 supertankers and 14 smaller tankers has an overall carrying capacity of around 86 million barrels of oil. “The way NITC seems to be operating is as near to the pattern of a normal operator as possible — bearing in mind sanctions have prevented them having access to facilities in most other countries,” said Richard Hurley, a senior analyst at IHS Maritime.
correction I meant 50 mm bbls (not 84) - the amount stored in Iran tankers. One day worth of world oil production is a drop in the bucket.
84 mm bbls is roughly one day of total world production. Hardly a flood. And the reports I've read indicate that Iran will have a hard time ramping output quickly from their 3.3mmbbls/day baseline so also not the huge imminent threat oil bears make it out to be. I say we see $60 again before $30.
Iran @ 3.3 MM bbls/day sounds about right. The stats listed below were for 2013.
Country Comparison Oil - production TOP 20
Rank Country Oil - production (bbl/day)
1 Saudi Arabia 11,730,000
2 United States 11,110,000
3 Russia 10,440,000
4 China 4,197,000
5 Canada 3,856,000
6 Iran 3,594,000
7 United Arab Emirates 3,213,000
8 Iraq 2,979,000
9 Mexico 2,936,000
10 Kuwait 2,797,000
But the fact is with the 787 BA is pretty much between a rock and a hard place since it will be very difficult to substitute out titanium in these planes. If anything, PCP and other titanium suppliers should put the squeeze on BA, not the other way around.
@SEATTLE, July 24 (Reuters) - Boeing Co, which loses about $30 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium. The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminum, and accounts for about $17 million of the cost of the $260 million plane, according to industry sources.