Canadian mineral exploration and development company Northern Dynasty Minerals (NYSEMKT: NAK ) has approved an $80 million budget for 2013 to advance its Pebble project in Alaska.
Pebble is the largest undeveloped copper-gold-molybdenum deposit in the world, according to the company, with the potential to produce as much as 55 billion pounds of copper, 67 million ounces of gold, and 3.3 billion pounds of molybdenum over its near-80-year life. Since July 2007, and prior to today's announcement of funding, some $680 million has already been spent on developing the project. Northern Dynasty expects to initiate permitting under the National Environmental Policy Act before the end of the year.
Northern Dynasty CEO�Ronald Thiessen was quoted as saying, "Following a very substantial pre-permitting planning program and years of comprehensive study, the Pebble Partnership is now nearing the final stages of completing its project description for the Pebble project."
Best Income Stocks To Buy Right Now: Suntech Power Holdings Co. LTD.(STP)
Suntech Power Holdings Co., Ltd., a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products. The company also provides engineering, procurement, and construction services to building solar power systems for certain related party and third party customers. Its products include monocrystalline and multicrystalline silicon PV cells; PV modules; and building-integrated photovoltaics products. In addition, the company provides PV system integration services, including designing, installing, and testing PV systems used in lighting for outdoor urban public facilities, as well as in farms, villages, and commercial buildings; and project development services. Its products are used to provide electric power for residential, commercial, industrial, and public utility applications. The company sells its products through value-added resellers, such as distributors and system integrators; and to end users, such as project develo pers primarily in Germany, Italy, Spain, France, Benelux, Greece, the United States, Canada, China, the Middle East, Australia, and Japan. Suntech Power Holdings Co., Ltd. is headquartered in Wuxi, the People?s Republic of China.
Advisors' Opinion:- [By Wall Street Sector Selector]
Previous to last week's solar flare, the sector has suffered through some awful growing pains. The financial crisis resulted in reduced subsidies for development in the rapidly-advancing photovoltaic power industry. Meanwhile, China increased government financing of its solar industry, having already established a strong presence in the sector with such companies as Suntech Power (STP) and LDK Solar (LDK).
- [By Travis Hoium]
This is a big hit for the Chinese solar industry and some of the biggest players in solar. Earlier this month, The Wall Street Journal reported that Europe was poised to put a 48.6% tariff on Suntech Power's (NYSE: STP ) �panels, 55.9% on LDK Solar's (NYSE: LDK ) , and 51.5% on Trina Solar's. Companies who cooperated with the investigation on dumping would be slapped with a 47.6% tariff and those who didn't would be taxed at 67.9%. �
- [By Paul Ausick]
Provided that the Chinese government either encourages or permits consolidation, any of these three could be an acquirer. The likeliest target, of course, is SunTech Power Holdings Co. Ltd. (NYSE: STP), which is reorganizing and which the government has already seemed to give up on. Other possible targets include ReneSola Ltd. (NYSE: SOL) and JinkoSolar Holding Co. Ltd. (NYSE: JKS).
- [By Paul Ausick]
In the Chinese solar sector we tracked the following short interest changes: JA Solar Holdings Co. Ltd. (NASDAQ: JASO), LDK Solar Co. Inc. (NYSE: LDK), Suntech Power Holdings Co. Ltd. (NYSE: STP), Trina Solar Ltd. (NYSE: TSL) and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).�For China-based firms, the percentage of shares short is not available because the companies are also listed on other exchanges.
Top Canadian Companies To Invest In 2014: NRG Energy Inc.(NRG)
NRG Energy, Inc., together with its subsidiaries, operates as a wholesale power generation company. The company engages in the ownership, development, construction, and operation of power generation facilities. It also involves in the transacting in and trading of fuel and transportation services; the trading of energy, capacity, and related products in the United States and internationally; and the supply of electricity, energy services, and cleaner energy and carbon offset products to retail electricity customers in deregulated markets. The company operates natural gas- fired, coal- fired, oil-fired, nuclear, solar, and wind power plants. As of December 31, 2010, it had power generation portfolio of 193 operating fossil fuel and nuclear generation units with an aggregate generation capacity of approximately 24,570 megawatt (MW), as well as ownership interests in renewable facilities with an aggregate generation capacity of 470 MW. The company portfolio also includes appr oximately 24,035 MW generation capacity in the United States, and 1,005 MW generation capacity in Australia and Germany. In addition, it has a district energy business with steam and chilled water capacity of approximately 1,140 megawatts thermal equivalent. NRG Energy, Inc. was founded in 1989 and is headquartered in Princeton, New Jersey.
Advisors' Opinion:- [By David Dittman]
Answer: A split would make the stock look cheaper for everyday retail investors, for sure. I’m not sure what management’s intentions are on this front. The company’s fourth-quarter and full-year 2013 conference call starts in less than an hour; I’ll review the transcript for any relevant commentary.
NextEra is considering a spinout of certain renewable assets operating under long-term power purchase agreements into a “YieldCo” structure, similar to a move made by NRG Energy Inc (NYSE: NRG) in 2013. - [By Travis Hoium]
Another way to profit from high electricity usage is to buy companies that profit from electricity prices by owning power-generating assets. NRG Energy (NYSE: NRG ) has both utility and power generation assets and is one of the largest solar power owners in the world. Exelon (NYSE: EXC ) is another power generator that pays investors back with a solid 4% dividend yield. As power usage rises and prices go up these companies make money for those who own their stocks.
- [By Garrett Cook]
In trading on Monday, utilities shares fell by 0.31 percent. Top losers in the sector included Exelon (NYSE: EXC), down 2.3 percent, and NRG Energy (NYSE: NRG), off 1.6 percent.
Top Canadian Companies To Invest In 2014: Credit Suisse Group(CS)
Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth and ultra-high-net-worth individuals. This segment also supplies banking products and services to affluent, high-net-worth and ultra-high-net-worth clients, and corporates and institutions. The Investment Banking segment provides investment banking and securities products and services to corporations, governments, pension funds, and institutions. Its products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offe rs integrated investment solutions and services to institutions, governments, foundations and endowments, corporations, and individuals. It provides access to a range of investment classes across alternative investment, asset allocation, and traditional investment strategies. The company operates in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group AG was founded in 1856 and is headquartered in Zurich, Switzerland.
Advisors' Opinion:- [By MONEYMORNING.COM]
The underwriters on the deal will be Credit Suisse Group (NYSE ADR: CS), Deutsche Bank AG (NYSE: DB), Goldman Sachs Group (NYSE: GS), JPMorgan Securities (NYSE: JPM), Morgan Stanley (NYSE: MS), and Citigroup Inc. (NYSE: C).
Top Canadian Companies To Invest In 2014: Barrick Gold Corporation (ABX)
Barrick Gold Corporation engages in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a portfolio of 25 operating mines and a pipeline of projects located in North America, South America, the Australia Pacific region, and Africa. It also produces copper and holds interests in oil and gas properties located in Canada. The company was founded in 1983 and is based in Toronto, Canada.
Advisors' Opinion:- [By Doug Ehrman]
Friday's trading session saw a halt in trading of two major precious-metals companies on news that the Chilean government was shutting down operations at the Pascua Lama mine. Barrick Gold (NYSE: ABX ) , which operates the mine, was halted first, with joint-venture partner Silver Wheaton (NYSE: SLW ) halted a few minutes later. The mine, which Barrick has already spent more than $5 billion developing, represents one of the largest resources for gold and silver in the world.
- [By Dan Caplinger]
Dan also highlights a new agreement with Brazil's Vale (NYSE: VALE ) as an example of a new partner streaming agreement that features a focus on gold. Can Silver Wheaton continue to profit from future agreements with partners such as Barrick Gold (NYSE: ABX ) , Primaro Mining (NYSE: PPP ) , and Hudbay Minerals (NYSE: HBM ) ?
- [By Rich Duprey]
PetroChina�and�CNOOC�have bought assets in Uganda, Ghana, and various western African states. China National Gold tried (but failed) to buy�Barrick Gold's� (NYSE: ABX ) �African assets in Tanzania. The state bank ICBC owns 20% of South Africa's Standard Bank and wants to buy as much as 60% of it.
Top Canadian Companies To Invest In 2014: PPL Corporation(PPL)
PPL Corporation, an energy and utility holding company, generates and sells electricity; and delivers natural gas to approximately 5.3 million utility customers primarily in the northeastern and northwestern U.S. The company operates in four segments: Kentucky Regulated, International Regulated, Pennsylvania Regulated, and Supply. The Kentucky Regulated segment engages in the generation, transmission, distribution, and sale of electricity; and the distribution and sale of natural gas to approximately 1.3 million customers in Kentucky, Virginia, and Tennessee. The International Regulated segment owns and operates electricity distribution businesses in the United Kingdom that deliver electricity to 7.7 million customers. The Pennsylvania Regulated segment delivers electricity to approximately 1.4 million customers in eastern and central Pennsylvania. The Supply segment owns and operates power plants to generate electricity using coal, uranium, natural gas, oil, and water res ources; markets and trades electricity and other purchased power to wholesale and retail markets; and acquires and develops domestic generation projects. It controls or owns a portfolio of generation assets of approximately 11,000 megawatts in Montana and Pennsylvania. As of December 31, 2010, the company?s distribution system included 649 substations with a capacity of 25 million kVA, 28,838 circuit miles of overhead lines, and 24,131 cable miles of underground conductors in the United Kingdom. It also operated 377 substations with a capacity of 31 million kVA, 33,122 circuit miles of overhead lines, and 7,368 cable miles of underground conductors in Pennsylvania. The company was founded in 1920 and is headquartered in Allentown, Pennsylvania.
Advisors' Opinion:- [By Justin Loiseau]
FirstEnergy wasn't the only utility to feel the burn from backwards hedges. Exelon (NYSE: EXC ) took a one-time $235 million hit this quarter as natural gas prices unexpectedly headed higher. Likewise, PP&L's (NYSE: PPL ) generation unit EPS fell more than 50%, primarily because of trimmed hedged wholesale prices. Meanwhile, Ameren (NYSE: AEE ) is defying traditional diversity by exiting the generation business and relying entirely on regulated sales for revenue. While this might cause the utility to lag when margins expand, it safeguards earnings and keeps this dividend stock sustainable no matter where commodity prices head.
- [By Marc Bastow]
Energy and utility holding company PPL (PPL) raised its quarterly dividend 1% to 37.25 cents per share, payable on Apr. 1 to shareholders of record as of Mar. 10.
PPL Dividend Yield: 4.86% - [By Paul Vigna]
PPL Corp.(PPL) said its third-quarter profit grew 21% as its unregulated wholesale energy segment posted a jump in revenue.
Apple Inc.(AAPL) and Google Inc.(GOOGL) agreed to allow consumers who buy a Walt Disney Co.(DIS) movie from either of their online stores to watch it on smartphones, tablets and other digital devices that run their rival’s operating system.
- [By Justin Loiseau]
Since 2008, sales have fallen nearly 20%, while diluted EPS is down 83%. Southern, a slightly larger company, has seen sales drop 3% while diluted EPS headed 19% higher. PP&L (NYSE: PPL ) , a slightly smaller utility than Dominion, has managed to boost revenue over 50%, but diluted EPS is just 5% above its 2008 level.
Top Canadian Companies To Invest In 2014: (AMC)
AMC Entertainment Holdings, Inc., through its subsidiaries, operates as a theatrical exhibition company in the United States and internationally. As of June 30, 2011, it owned, operated, or had interests in 357 theatres and 5,098 screens in 31 states and the District of Columbia, and 4 countries outside the United States. The company was founded in 1920 and is headquartered in Kansas City, Missouri. As of August 30, 2012, AMC Entertainment Holdings, Inc. operates as a subsidiary of Dalian Wanda Group Corporation Ltd.
Advisors' Opinion:- [By Brian Nichols]
Thanks to visionaries like Steve Jobs, Jeff Bezos, Reed Hastings, and Larry Page, the way we view, interact, and process data has changed and this includes all of the major industries within technology and entertainment. Today, it's a mobile world, yet the one industry that remains unchanged is very much the movie industry. According to DreamWorks Animation (NASDAQ: DWA ) CEO Jeffrey Katzenberg, this could spell trouble, especially for the likes of Carmike Cinemas (NASDAQ: CKEC ) , Regal Entertainment (NYSE: RGC ) , and AMC Entertainment Holdings (NYSE: AMC ) .
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