When Will This Silver Miner Stop Losing Money?
By Vladimir Zernov | More Articles
November 25, 2013 | Comments (0)
Falling silver prices continue to put pressure on silver miners. This is particularly true for those miners who were already unable to operate profitably at higher prices, like Coeur d'Alene Mines (NYSE: CDE ) . The company finished the third quarter with an adjusted $23.4 million loss, while the average realized silver price was $21.06. As silver prices drift under the $20 mark, things don't get easier for Coeur d'Alene.
Appreciate your post and took a look at AR and GPOR. I like CHK better right now.. I believe it may be an easier double as a good turnaround.
I don't think we are going to see that happen any time soon. I believe the Bull Run has seen
it's best days. It has experienced a lengthy run and can't go on forever. JMO
It may not be a bad idea to hold a bit. It has a history of making quick moves in either direction.
It could likely make a good bounce after it's recent deep sell-off . However, in a general
market correction all bets are off.
Good to hear from you again. I have two ideas about the REXX pasting.
They had quite a run-up during the past year and IMO due for a correction,as was the NG
sector. Also off .01 in earnings report.
How much can one believe in the analysts ?
Analyst Estimates Get Analyst Estimates for:
Earnings Est Current Qtr.
Dec 13 Next Qtr.
Mar 14 Current Year
Dec 13 Next Year
Avg. Estimate -0.11 -0.15 -0.67 -0.50
No. of Analysts 7.00 7.00 6.00 9.00
Low Estimate -0.22 -0.31 -0.80 -1.15
High Estimate -0.04 0.00 -0.58 0.25
Year Ago EPS 0.41 0.08 0.53 -0.67
Summary And Conclusion
All indications point to the new Cummins-Westport ISX12-G natural gas engine will be a game changer and will jump start the long-haul trucking sector's adoption of natural gas. This is one reason why I recently added CLNE to my 2013 Natural Gas Transportation Portfolio. The new engine will also be a boon to Chart Industries, which makes the LNG storage tanks, and to General Electric, which is assisting CLNE in building out the natural gas refueling infrastructure on America's Natural Gas Highway.
The new engine is a strong catalyst for CMI. Investors should consider taking a position in the stock to enjoy the ride. CMI has a P/E=17.5 and pays a $2.50 dividend (1.9%). Cummins Inc. could deliver a total return of 25% over the next 12 months.
Additional disclosure: I am an engineer, not a CFA. The information and data presented in this article was obtained from company documents and/or sources believed to be reliable, but has not been independently verified. Therefore, the author cannot guarantee its accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for investment decisions you make. Thanks for reading and good luck!
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I believe you're right about "buy the rumor and sell the news". Also, combined with profit taking
after recent run-up.
Dog is hunting !
1. Clean Energy Fuels (NASDAQ: CLNE )
Americans know Exxon because the company's name is plastered on every other gas station from here to wherever it is your going. You probably don't see too many signs for Clean Energy Fuels on the off ramp, but you may soon. The company is leading the charge for natural gas fueling stations, building both compressed natural gas and liquefied natural gas facilities across America. The company fuels over 30,000 vehicles a day at its 300 stations .
Clean Energy Fuels' role in our lives will continue to grow as countless American corporations are building out their natural-gas-powered truck fleets, and auto manufacturers begin to offer duel fuel vehicles. General Motors (NYSE: GM ) for example, plans to offer its 2015 Chevrolet Impala with one fuel tank for gasoline and one for compressed natural gas
8:10AM AuRico Gold declares underground commercial production at the Young-Davidson mine (AUQ) 4.41 : Co reports that the Young-Davidson underground mine has achieved commercial production effective October 31, 2013, following the successful commissioning of the shaft and hoisting infrastructure. Commissioning of the shaft hoisting infrastructure is a key project milestone that unlocks the potential of the Young-Davidson underground mine and will support increased underground productivities and favourable unit cost efficiencies over the life of the mine.
What does it mean ?
As previously disclosed, on September 25, 2013, Lone Pine Resources Inc. (the "Company") and its subsidiaries, including Lone Pine Resources Canada Ltd. ("LPR Canada"), commenced proceedings in the Court of Queen's Bench of Alberta under the Companies' Creditors Arrangement Act ("CCAA") and ancillary proceedings under Chapter 15 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (collectively, the "Creditor Protection Proceedings").
In connection with the Creditor Protection Proceedings, on October 24, 2013, the Company and LPR Canada entered into a Credit Agreement (the "DIP Credit Agreement") with the lenders party thereto (the "Lenders") and JPMorgan Chase Bank, N.A., Toronto Branch, as administrative agent (the "Agent"). Certain of the Lenders are lenders, and the Agent serves as administrative agent, under LPR Canada's existing secured credit facility. Pursuant to the terms of the DIP Credit Agreement, (i) the Lenders agreed to lend LPR Canada up to Cdn$10,000,000, which loans will bear interest at the Canadian Prime Rate (as defined in the DIP Credit Agreement), plus 5.00%, (ii) the Company and each Restricted Subsidiary (as defined in the DIP Credit Agreement) agreed to guarantee LPR Canada's obligations thereunder, and (iii) the Obligations (as defined in the DIP Credit Agreement) are and shall be at all times secured by the liens in all collateral created by the DIP Charge (as defined in the DIP Credit Agreement) and all such liens shall be first priority liens subject only to the Administration Charge (as defined in the DIP Credit Agreement). LPR Canada is obligated to pay the Agent an upfront fee of 2% and the lenders a commitment fee of 0.75% of unutilized commitments. Proceeds of loans under the DIP Credit Agreement may be used to provide for working capital, capital expenditures and other expenditures during the course of the Creditor Protection Proceedings, in accordance with
Sinovel loss but no mention of legal problems.
Sinovel Sees Full-Year Loss as Wind-Turbine Orders Slow
By Bloomberg News - Oct 24, 2013 4:40 AM CT
Sinovel Wind Group Co. (601558), China’s third-biggest maker of wind turbines, forecast a full-year net loss after orders slowed and customer payments were held back.
“Clients delayed payables, increasing bad-debt provisions and finance expenses,” Beijing-based Sinovel said today in a filing to the Shanghai stock exchange. Wind developers also installed fewer turbines, it said.
China has slowed construction of wind farms to ease power-grid congestion, raising competition among equipment producers to secure orders. Sinovel is also under investigation by the securities regulator over a 2011 accounting error, which it said in August hampered its ability to collect payments and expand.
The company reported a net loss of 699 million yuan ($115 million) in the first nine months of the year, widening from a 269 million-yuan loss a year earlier, according to the statement. Sales tumbled 45 percent to 2.01 billion yuan.
Why should folks take the advice of an anonymous message board poster?
Don't you think there may be more reliable sources?
It won't matter how talented the management team is if the price of gold and silver
go in the dumper. That is the most important part of this whole equation.
You seem to ignore that fact in all of your favorable reviews.