World Oil Markets?
A recent article – reading time 3 minutes – titled ‘Geopolitical unrest and world oil markets’ shows a map of North Africa and the Middle East. The article summarizes events to the end of January that the author presents as a ‘timeline’ of developments in the Arab world, shows oil production from the countries he mentions, and concludes that within the ‘next’ decade (I assume he means between 2011 – 2020) it is reasonable to expect we will have (I assume he means ‘at least’ one) “an observation” (I read ‘an event’) that will assist our understanding of oil shocks. I suspect the author is being conservative, and I suspect it won’t take the full decade to find this out – and I suspect there may be more than one oil shock between now and 2020.
I suggest you read this article, and consider scanning the many comments that have been added to it.
U.S. House Price Declines
A very short Wall Street Journal article titled ‘WSJ: Home Price Declines Accelerate’ – reading time 2 minutes. The article sets out in 8 charts the recent quarterly house price changes for 8 U.S. cities (Jacksonville (Florida), Minneapolis-St. Paul, Nashville, New York, Philadelphia, Portland (Oregon), Seattle, and Washington D.C. under a heading ‘Bad Picture Gets Worse’. It is statistics of this sort, if they are to be believed, that send up ‘big red flags’ for me when I read about U.S. economic recovery, recovering U.S. retail sales, a prospective reduction of ongoing U.S. government (at Federal, State and Municipal levels) deficits.
An article written in mid-January titled ‘Global Unemployment Rates’ – reading time 2 minutes – summarizes in one chart the stated unemployment rates of 36 countries. Spain is shown as having the highest unemployment rate of the countries mentioned (20.6%). Thailand the lowest at 0.9%. The United States and Canada are respectively #11 and #16 with stated unemployment rates of 9.4% and 7.6% respectively. The U.S. ‘official’ unemployment rate was reduced to 9.0% on February 4, largely on the basis that less people were looking for work, and hence were not counted in the ‘unemployment’ statistic. I say ‘go figure’ to that.
Additions to Stock Research Portal’s Company Universe
Today we added the following Companies to our Company Universe:
GoGold Resources Inc. (TSXV:GGD). We currently categorize GoGold Resources Inc. as a gold explorer (copper) operating principally in Canada (Newfoundland and Labrador). GoGold Resources Inc.’s current market capitalization is approximately Cdn$32 million. Review research data on GoGold Resources Inc.
Triausmin Limited (TSX:TOR). We currently categorize Triausmin Limited as a base metals explorer (copper, gold, lead, silver, zinc) operating principally in Oceania (Australia). Triausmin Limited’s current market capitalization is approximately Cdn$32 million. Review research data on Triausmin Limited.
Tuscany International Drilling Inc. (TSX:TID). We currently categorize Tuscany International Drilling Inc. as an oil & gas services company operating principally in the South America (Brazil, Colombia, Equador, Peru) and Canada (Alberta). Tuscany International Drilling Inc.’s current market capitalization is approximately Cdn$331 million. Review research data on Tuscany International Drilling Inc.
Press Release Highlights
The following table summarizes the companies in Stock Research Portal’s Company Universe who yesterday issued Press Releases and whose shares increased in price from the previous day’s close by more than Cdn$0.05, more than 10%, and whose share volumes yesterday exceeded their trailing 3 month average trading volume. You can research each of these companies by clicking on the company name in the table.
Insider Trade Highlights
The following table summarizes the companies in Stock Research Portal’s Company Universe for who our system yesterday reported insiders who filed reports indicating they had acquired shares through ‘purchase’ transactions. You can research each of these companies by clicking on the company name in the table.
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