Thursday, September 24, 2009
No Energy Here...
At the open: No energy here
Thursday, September 24, 2009
North American stock market indexes rose slightly at the start of trading on Thursday, driven by a better-than-expected report on U.S. jobless claims that suggest the labour market there is stabilizing.
The Dow Jones industrial average rose 39 points or 0.4 per cent, to 9788. The broader S[amp]amp;P 500 rose 3 points or 0.3 per cent.
Financials moved higher, with JPMorgan Chase [amp]amp; Co. up 1.1 per cent and Bank of America Corp. up 0.7 per cent. As well, Microsoft Corp. rose 1 per cent after it said that it was not interested in acquiring video game maker Electronic Arts Inc.
Meanwhile, Chevron Corp. fell 0.5 per cent and Intel Corp. fell 0.6 per cent.
In Canada, the S[amp]amp;P/TSX composite index rose 5 points, to 11,522.
Financials were generally higher, with Royal Bank of Canada up 0.7 per cent and Sun Life Financial Inc. up 0.4 per cent. As well, Barrick Gold Corp. rose 2.3 per cent after the price of gold moved higher.
However, energy stocks were a drag on the index, after the price of crude oil fell below $68 (U.S.) a barrel, continuing a selloff that began on Wednesday after a report showed rising U.S. inventories. Suncor Energy Inc. fell 1.4 per cent and Talisman Energy Inc. fell 2 per cent.[amp]nbsp;
© Copyright The Globe and Mail
Tuesday, September 22, 2009
HudBay stock soars on copper, gold find
HudBay stock soars on copper, gold find
New discovery at Lalor site
Last Updated: Tuesday, September 22, 2009 | 12:17 PM ET CBC
HudBay Minerals Inc. has found evidence of a major new copper and gold deposit at its Lalor site in Manitoba, the mining firm said Tuesday.
Beneath a previously announced zinc find near HudBay's Snow Lake concentrator in the Flin Flon Greenstone belt, initial tests found 13.35 grams per tonne of gold and 5.3 per cent copper.
"The copper and gold intersection ... is among the best I have seen in nearly 40 years in the mining business," HudBay president Peter R. Jones said in a statement.
Investors reacted with glee to the news, as HudBay shares were up more than 16 per cent to nearly $11 at midday on Tuesday.
Lalor is the focus of the company's stated aim of reaching three million contained ounces of gold.
The company also plans to release an update on zinc reserves at the Lalor site by October, it said Tuesday.
PDP and CLL Running Today On Insider Buys
CLL PUMP AND DUMP BY
Anonymous and Friends
No Material Change But I Caught The Wave and Cashed Out Of PDP and CLL
They Dumped Large Today after buying at .88 cents
Petrolifera Petroleum Limited (PDP - TSX) announced today that it will be presenting at the Raymond James "Investing in Colombia" Oil & Gas Conference in Toronto, Ontario on Monday, September 21, 2009. Gary Wine, President and Chief Operating Officer will be presenting at approximately 3:00 PM EDT.
To access the webcast of the presentation please go to the link provided below.
http://www.wsw.com/webcast/rj48/pdp.to/
The slide presentation for this event is being posted on Petrolifera's website at www.petrolifera.ca. Click on the Investor Information link and go to Presentations. A link to the webcast will also be posted on the website and will be available at the time of the presentations.
Petrolifera Petroleum Limited is a Calgary-based crude oil and natural gas exploration and production company engaged in exploration and productions activities in Argentina, Colombia and Peru. Its common shares and warrants are listed for trading on the Toronto Stock Exchange under the symbols PDP and PDP.WT, respectively.
SOURCE: Petrolifera Petroleum Limited
 | Petrolifera Petroleum Limited, R. A. Gusella, Executive Chairman, (403) 538-6201; Or Gary D. Wine, President and Chief Operating Officer, (403) 539-8450; Or Kristen J. Bibby, Vice President Finance and Chief Financial Officer, (403) 539-8450; Fax: (403) 538-6225, inquiries@petrolifera.ca, www.petrolifera.ca | |
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