Investors have started to agitate for more yield out of their resource stocks over the last couple of years, especially in gold. With 2012 looking like it could be another turbulent year for commodity stocks, the companies that focus on returning cash to shareholders could be rewarded for it. We look at a few that are doing just that.
Regards,
Don
Toronto’s main stock index was higher in early trade on Monday as energy issues got a boost from higher oil prices and the market turned more optimistic on the European debt crisis.
The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) was up 31.48 points, or 0.3 percent, at 11,666.86 shortly after the open.
Regards,
Don
Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (11,830.33down19.17 points):
Talisman Energy Inc. (TSX:TLM). Oil and gas. Up four cents, or 0.29 per cent, at $13.76 on 12,270,318 shares.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up 10 cents, or 2.58 per cent, at $3.98 on 9,849,187 shares.
Hathor Exploration Ltd. (TSX:HAT). Mineral exploration. Up 12 cents, or 2.73 per cent, at $4.52 on 6,190,104 shares.
(Read the Rest of the Article…)
Regards,
Don
Our INK Energy indicator, which measures insider sentiment in the sector, is at its highest levels since the 2008 financial crisis. Natural gas giant Encana Corp. (ECA-T21.080.311.49%), is a stock in the group with some significant insider buying. Over the past 90 days, five company officer or director insiders have bought a combined total of 60,000 shares at an average price of $24.13. Other subsidiary insiders have also been buying stock in the market. We rarely see such multiple and unanimous insider buying in large cap names.
Regards,
Don
The Toronto stock market racked up a solid triple-digit gain as investors grow more confident that European leaders are finally getting a grip on the government debt crisis and undercapitalized banks.
The S&P /TSX composite index jumped 154.4 points to 12,029.96.
The president of the European Commission said Wednesday that banks should temporarily increase their capital buffers to better withstand the crisis. Jose-Manuel Barroso said if banks can’t raise the capital on the market, they should get help from governments, who in turn can tap the eurozone bailout fund.
The Canadian dollar closed up 1.01 cents to 98.3 cents US.
(Read the Rest of the Article…)
Regards,
Don
Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (11,686.32 up 100.44 points):
Yellow Media Inc. (TSX:YLO). Publisher. Down 14.5 cents, or 51.79 per cent, at 13.5 cents on 33,318,889 shares.
Manulife Financial Corp. (TSX:MFC). Insurer. Up 58 cents, or 4.95 per cent, at $12.30 on 7,929,857 shares.
Avion Gold Corp. (TSX:AVR). Miner. Down two cents, or 1.04 per cent, at $1.90 on 6,690,238 shares.
(Read the Rest of the Article…)
Regards,
Don
Canadian patent company Wi-Lan Inc. (WIN-T6.450.020.31%) on Wednesday extended the deadline for its $38 a share, or $480-million, hostile bid to acquire rival Mosaid Technologies Inc. (MSD-T37.760.100.27%) by two weeks to Oct. 14. Mosaid has said the offer, 20 per cent more than its trading price the day before Wi-Lan made its offer, undervalues the company. It has also said it was in talks with other potential suitors, but nothing concrete has come of that yet. Mosaid was up close to 1 per cent early Thursday while Wi-Lan was nearly 2 per cent higher.
Regards,
Don
Don’t hold on to Yellow Media Inc. (YLO-T0.21-0.07-25.00%) stock in hopes for a recovery, warn Desjardins Securities Inc. analyst Maher Yaghi and CIBC World Markets Inc. analyst Robert Bek. Mr. Yaghi today slapped Yellow Media shares with a “sell” rating and a 40-cent price target (both were previously under review).
Regards,
Don
Yellow Media Inc. (TSX:YLO). Publisher. Down 31 cents, or 52.54 per cent, at 28 cents on 28,282,877 shares. Yellow Media will stop paying dividends to improve its financial position and book a $2.9-billion writedown as the publisher of the Yellow Pages directories continues its transformation to an Internet company. The company said it’s uncertain if or when its new services will offset declining print revenues and lower margins from recent business acquisitions.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down 27 cents, or 6.52 per cent, at $3.87 on 6,574,160 shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down $1.33, or 4.69 per cent, at $27.05 on 5,678,994 shares.
(Read the Rest of the Article…)
Regards,
Don
Temex Resources Corp. (TME-X0.240.0314.29%) jumped by as much as 14% in early Wednesday trading after announcing that surface exploration drilling on the Broulan Reef Mine area of the Whitney Property has returned additional high-grade assay results over significant core widths. The company said the holes have successfully extended the area of high-grade gold mineralization a further 210 metres along strike to the east.
Regards,
Don
Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (11,821.09 up 113.91 points):
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up 11 cents, or 2.73 per cent, at $4.14 on 8,208,039 shares.
Manulife Financial Corp. (TSX:MFC). Insurer. Up 25 cents, or 2.08 per cent, at $12.25 on 7,446,843 shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Up 72 cents, or 2.60 per cent, at $28.38 on 6,411,591 shares.
(Read the Rest of the Article…)
Regards,
Don
Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,318.66 down 199.25 points):
Sino-Forest Corp. (TSX:TRE). Forestry. Up 87 cents, or 16.63 per cent, at $6.10 on 23,495,948 shares. The company’s stock regained some of the value it lost last week as it fought allegations by a U.S. financial analyst and short seller that alleged Sino-Forest had exaggerated timber assets.
Compton Petroleum Corp. (TSX:CMT). Oil and Gas. Down 11.5 cents, or 51.11 per cent, at 11 cents on 12,854,868 shares. The Calgary-based oil and natural gas company has struck a deal to reduce its debt by raising $50 million in new financing and consolidate its shares.
Regards,
Don
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