Yes, great time to buy.
Norsk Hydro Will Boost Brazil Alumina Output by 200,000 Tons
May 04, 2010, 4:07 PM EDT
By Peter Millard
May 4 (Bloomberg) -- Norsk Hydro ASA, Europe’s third- largest aluminum maker, will boost Brazilian alumina production by over 200,000 tons a year to supply growing demand from its smelters in the country and elsewhere, Johnny Undeli, Norsk Hydro’s executive vice president of bauxite and alumina, said.
Hydro’s “short-term ambition” is to expand output of alumina, processed to make aluminum, to more than 6 million tons a year at the Alunorte plant in Brazil, up from about 5.8 million tons at present, Undeli said today in an interview in Rio de Janeiro. The company is taking a 91 percent stake in Alunorte as part of a takeover of aluminum units from Vale SA.
Norsk Hydro Profit More Than Doubles, Boosted by Surging Aluminum Prices
By Meera Bhatia and Firat Kayakiran - Jul 27, 2010 1:37 AM PDT Tue Jul 27 08:37:56 UTC 2010
Norsk Hydro ASA, Europe’s third- largest aluminum maker, said second-quarter profit more than doubled after prices for the metal surged 50 percent.
Net income jumped to 503 million kroner ($82 million) from 211 million kroner a year earlier, Hydro said in a statement today. Sales rose 12 percent 19.8 billion kroner.
“We will raise our estimates on the back of this report,” Samir Bendriss, head of research at Pareto Securities ASA in Oslo, wrote in a note today. “The stock should move up.”
The company rose 1 percent to 35.30 kroner by 10:18 a.m. in Oslo trading. Realized aluminum prices in the quarter averaged $2,200 a metric ton, up from $1,468 a year earlier, it said.
LMEWEEK-INTERVIEW-Norsk Hydro sees "promising" start to 2011
* Global aluminium demand expected to rise 12 pct in 2010
* Acquisition of Vale aluminium business expected by end '10
* No plans to restart curtailed aluminium/alumina capacity
By Rebekah Curtis
LONDON, Oct 11 (Reuters) - Norsk Hydro NHY.OL expects a promising start to 2011 and has seen signs of improvement globally in the aluminium market, the Norwegian aluminium producer told Reuters in an interview.
The German market had been "extraordinarily strong" in the last quarters, and Italy and Spain are moving in the right direction, Hydro Chief Executive Svein Richard Brandtzaeg said on Friday. He reaffirmed he sees demand growing 12 percent this year globally.
"So far we see very healthy developments in the market, also in 2011," Brandtzaeg said. "I'm becoming more optimistic."
There are signs overcapacity is gradually receding. "It is also a good signal that inventories are going down," he added.
London Metal Exchange stocks of aluminium stand at 4.3 million tonnes, their lowest since June 2009 and having hit a record high above 4.6 million tonnes in January, according to Reuters data.
However, Brandtzaeg said that he would like to see the surplus in the market reduce before restarting any curtailed capacity in aluminium or alumina.
"What has been curtailed will remain curtailed for now," he said.
Among developments, Hydro plans to increase its recycling of aluminium, having upped its recycling by 40 percent this year.
Hydro's purchase of the aluminium business of Brazilian mining giant Vale's VALE5.SA is still expected to be completed by the end of the year, Brandtzaeg said. ID:nLDE6410H8
"We are approaching the deal by the end of the quarter," he said.
The company expects Qatalum, the Qatar aluminium smelter it co-owns with Qatar Petroleum, to be in full production of 600,000 tonnes by the end of the first quarter of 2011, Brandtzaeg said. ID:nLDE6870ES
Take a Look on LME Week ID:nLDE69623J
According to Thomson Earnings.com, TNH goes ex-date 8/4. The record date is 8/8.
The PPS may decline as we move toward the winter season and agriculture winds down.
Congratulations on your buying TNH in the high 4's and on your holding up to now. It must be nice to have so much cushion.
Those of us who bought TNH in the double digits might want to be mindful of a possible drop in the PPS during the winter months.
How will TNH and the sector perform when the growing season is over in most of North America? Will there be a longer-term dip during the winter months? If so, does it make any sense to take profit before the growing season ends and then buy during the winter?
"A market maker is a person or a firm who quotes both a buy and a sell price in a financial instrument or commodity, hoping to make a profit on the turn or the bid/offer spread."
After reading about TNH earnings, guidance, the strength of the sector, the 3.00 dividend, and the x-date being this Tuesday (8/7), I bought some shares.
It's difficult to buy when others are selling, but this seems like a good entry point for the near term.
Indeed, and it's been noted:
"CVR Energy was acquired in 2005 by Coffeyville Acquisitions, LLC, a partnership of GS Capital Partners, the private equity arm of Goldman Sachs, and the private equity investment firm Kelso & Company."
"Our nitrogen fertilizer plant is the only one of its kind in North America utilizing a coke gasification process to produce ammonia, and has significantly lower feedstock costs than all other predominantly natural gas-based fertilizer plants. We estimate that we would continue to have a production cost advantage in comparison to U.S. Gulf Coast ammonia producers at natural gas prices as low as $2.50 per million Btu. This cost advantage has been more pronounced in today�s natural gas price environment, as the reported Henry Hub natural gas price has fluctuated between $4.50 to $15.00 per million Btu since the end of 2003. The sustaining capital requirements for this business are low compared to its earnings and are expected to be in the range of $3 million to $5 million per year compared to operating income of our nitrogen fertilizer segment of $71.0 million for the combined twelve months ended December 31, 2005."
July 24, 2008 08:00 AM Eastern Daylight Time
Terra Industries Inc. Reports Record Second Quarter Results, Declares Dividend
Q2/08 vs. Q2/07:
* Operating income up $154 million, or 117%.
* North American revenues up $151 million, or 22%.
* Ammonia, UAN and AN selling prices up 48%, 48% and 25%.
* Terra plans to start producing ammonia at its previously idled Donaldsonville, La. plant, replacing approximately 400,000 tons per year of imported product at higher margins.
TNCLP also announced a cash distribution for the quarter ended June 30, 2008, of $3.63 per common limited partnership unit payable Aug. 28, 2008, to holders of record as of Aug. 8, 2008.
CEO: Veolia may boost up to Eur5 billion revenue from Oil sector
IVC POST | IVCPOST Staff Reporter Updated: Jul 05, 2013 12:31 PM EDT
Veolia Environment SA was expected to boost income from oil and gas ventures by five-fold to approximately Eur5 billion equivalent to US$6.4 billion. Veolia was Europe's largest water corporation. The proceeds would be earned within four years with the help of drilling shales and dismantling of mature offshore platforms.
According to Chief Executive Officer Antoine Frerot, the hydrocardon industry was "rapidly growing and rich." In a summit held today, he outlined his plans to bring the convenience into areas more directly associated to the industry. "Profit margins are attractive."
Frerot also publicized resourcefulness that moved the Paris-headquartered business from its significant municipal water and waste deals. The utility would concentrate on developing markets and confront the "most complex" industrial waste difficulties, he added.
Veolia already earned around Eur1 billion per year from its oil and gas enterprises. This also included water distribution and treatment for offshore production system and high-pressure washing of storage tanks.
Barron's rates Interactive Brokers as #1 in trade costs in 2005. What do you make of Interactive Brokers?
Thank you for the information on the brokers you listed.
When companies like Kiplinger rate online brokers, they mention "Execution Quality."
Siebert is rated at the top by this measure (and by other measures as well). How important is "execution quality?" How does Trading Direct rate in terms of eq?
Ex-Chevron Scientist Sees Opportunity in Oil at $100 a Barrel
By Charles Siler
Jan. 18 (Bloomberg)
....Tertzakian, a former scientist for Chevron Corp., is chief energy economist of ARC Financial Corp., an investment-management company in Calgary, Alberta, that runs private-equity funds focused on energy.
Sometime this year, he says, global oil demand will reach 86 million barrels a day, or 1,000 barrels a second. We're on the cusp of a ``break point'' that will change how we consume energy, creating opportunities as well as challenges for companies and investors.
``Oil at $20 per barrel is history, at least until major changes reduce the uncertainty, pressure and volatility that we are only now beginning to experience,'' he writes. ``Seasonal spikes of $100 per barrel or more will be the new reality.''
The world isn't running out of petroleum, he says: ``There is plenty of oil left in the ground to last us many decades, if not longer.'' Unfortunately, he adds, demand is accelerating even as the world is running short on the best grade of petroleum, light sweet crude.
Those who are buying companies like PDS now will be rewarded.