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Undervalued Stock #1 ========== --------------- Cenveo, Inc. (NYSE: CVO) --------------- Insider Name: Leonard C. GreenInsider Position: DirectorInsider Action: 10,000 shrs on 3/6/2007Insider Total Holding: 584,120 shrs -------------------------------------------------------Undervaluation Merits... P/S Ratio = 0.86 (Industry Average 1.21) Industry: Paper & Paper Products --------------- Cenveo, Inc. (NYSE: CVO)
AFX News Limited Friday, March 09, 2007
China National Petroleum Corp, the parent of PetroChina Co Ltd, is expected to obtain new exploration rights to the al-Ahdab oil field in Iraq, CNPC-owned China Oilnews said.
Assem Jihad, a spokesman for the Iraqi Oil Ministry, was quoted as saying that CNPC officials arrived in Iraq on March 6 to negotiate a new contract to jointly develop al-Ahdab.
After China won exploration rights to al-Ahdab in 1997, activities at the Related Pictures field were suspended due to UN sanctions and postwar security problems.
The field has projected reserves of up to 1 billion barrels, it said.
The 1997 contract was valued at US$700 million over 23 years. Planned oil production was 90,000 barrels per day.
In February, the Iraqi Cabinet approved a draft Oil Law aimed at encouraging international companies to exploit the country's petroleum reserves, estimated at about 115 billion barrels.
http://www.rigzone.com/news/article.asp?a_id=42354
AFX News Limited Friday, March 09, 2007
China National Petroleum Corp, the parent of PetroChina Co Ltd, is expected to obtain new exploration rights to the al-Ahdab oil field in Iraq, CNPC-owned China Oilnews said.
Assem Jihad, a spokesman for the Iraqi Oil Ministry, was quoted as saying that CNPC officials arrived in Iraq on March 6 to negotiate a new contract to jointly develop al-Ahdab.
After China won exploration rights to al-Ahdab in 1997, activities at the Related Pictures field were suspended due to UN sanctions and postwar security problems.
The field has projected reserves of up to 1 billion barrels, it said.
The 1997 contract was valued at US$700 million over 23 years. Planned oil production was 90,000 barrels per day.
In February, the Iraqi Cabinet approved a draft Oil Law aimed at encouraging international companies to exploit the country's petroleum reserves, estimated at about 115 billion barrels.
http://www.rigzone.com/news/article.asp?a_id=42354
Iraq: Bloodshed may spread across Mideast
Al-Maliki urges international help to fight nation's chaos
Updated: 2 hours, 8 minutes ago
BAGHDAD - Iraq’s prime minister appealed Saturday for international help to sever networks aiding extremists and warned envoys from neighbors and world powers that Iraq’s growing sectarian bloodshed could spill across the Middle East.
“Iraq has become a front-line battlefield,” Prime Minister Nouri al-Maliki told delegates at a groundbreaking conference that brought together Islamic nations including Iran and Western representatives led by the United States.
“(Iraq) needs support in this battle that not only threatens Iraq but will spill over to all countries in the region,” he added — shortly before mortar shells landed near the conference site and a car bomb exploded in a Shitte stronghold across the city.
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Al-Maliki urged for help in stopping financial support, weapon pipelines and “religious cover” for the relentless attacks of car bombings, killings and other attacks that have pitted Iraq’s Sunnis against majority Shiites.
He expressed hope the conference could be a “turning point in supporting the government in facing this huge danger.”
Icebreaking overtures
The one-day gathering also is seen as a prime opportunity for some icebreaking overtures between Iran and the United States, whose chief delegate has left open the door for possible one-on-one exchanges about Iraq.
It brought together Iraq’s six neighbors, the five permanent U.N. Security Council members and several Arab representatives. Its primary goal is to pave the way for a high-level meeting possibly next month.
But the meeting also gives a forum to air a wide range of views and concerns including U.S. accusations of weapons smuggling from Iran and Syria, and Arab demands for greater political power for Iraq’s Sunnis.
Security was extremely tight as envoys gathered in Iraq’s Foreign Ministry, which is outside the heavily protected Green Zone. Shortly after the meeting began, at least two mortar shells hit near the Foreign Ministry. There were no immediate reports of casualties.
Al-Maliki said “the terrorism that kills innocents” in Iraq comes from the same root as terrorists attacks around the world since Sept. 11, 2001, in a reference to groups inspired by al-Qaida.
He also delivered an apparent warning to neighbors Syria and Iran to stay away from using Iraq as a proxy battleground for fights against the United States.
“Iraq does not accept that its territories and cities become a field where regional and international disputes are settled,” he said.
All eyes on U.S., Iran relationship
The meeting allows ample time for delegates to mingle and open informal contacts. All eyes will be on any attempts to bridge the nearly 28-year diplomatic estrangement between the United States and Iran.
The chief U.S. delegate, David Satterfield, said Thursday that “we are not going to turn and walk away” if approached by Iran or Syria to discuss Iraq. But Satterfield, the top State Department adviser on Iraq, added that the United States plans to use the meeting to reinforce its accusations against both nations.
They include U.S. claims that Syria allows foreign jihadists and Sunni insurgents to cross its border into Iraq, and that weapon shipments from Iran reach Shiite militias. Both nations deny the allegations.
Iran’s chief envoy, Abbas Araghchi, left Tehran Friday without directly mentioning the United States, but said Iran “hopes to take more steps” to support the U.S.-backed government — which is led by a Shiite prime minister with close ties to Shiite heavyweight Iran.
Iran, however, has strongly denounced the U.S. military presence. The complaints grew more pointed in December after American forces detained two Iranian security agents at the compound of a major Shiite political bloc in Baghdad
Six other Iranians were arrested Jan. 11 at an Iranian liaison office in northern Iraq. The U.S. military said they were members of Iran’s elite Revolutionary Guard — a charge Tehran rejects.
'Stuck together on Iraq'
The showdown over Iran’s nuclear program also lurks behind any attempt to ease the diplomatic freeze with Washington.
“But both Iran and the United States realize they are stuck together on Iraq,” said Alireza Nourizadeh, chief researcher at the London-based Center for Arab-Iranian Studies. “So perhaps they see this meeting as a way to open some doors for bilateral talks.”
For Iran, opening more direct contacts with Washington could help promote their shared interests in Iraq, including trying to stamp out Sunni-led insurgents. U.S. officials, meanwhile, need the support of Iranian-allied political groups in Iraq to keep a lid on Shiite militias.
The U.S. Embassy spokesman in Baghdad, Lou Fintor, did not rule out possible talks between Iran and U.S. delegates. But he told Al-Jazeera television that “no such meeting” was planned in advance.
There have been other chances in the past for one-on-one dialogue between the United States and Iran, but rarely with such promise.
In September, the United States joined Iran and Syria in talks on Iraq — although Washington ruled out direct talks with Iran in advance. This time, however, there is an open invitation to Iran.
And both sides have dispatched well-suited diplomats.
Satterfield has served in posts in Saudi Arabia, Tunisia, Lebanon and Syria, as well as Washington positions including the National Security Council staff. Araghchi did postgraduate studies in England and served as ambassador to Finland. He is regarded as one of Iran’s leading diplomatic strategists on relations with the West.
The meeting also is the first time in nearly two years that Washington is willing to discuss security issues with Iran — at a time when the Pentagon is pumping more than 20,000 troops into a Baghdad crackdown and boosting forces to strongholds of Sunni insurgents northeast of the capital.
Dr.Hook Sylvia's Mother
Real Canadian Girl
Stompin Tom Connors - The Hockey Song
Ear on the Street
Ascalade Communications (ACG : TSX : $2.87)
Q4 and F2006 results in line
GMP Securities maintains "buy", 12-month target price is cut to $3.40
Raymond James maintains "market perform", 6-12 month target price is raised to $3.00
TD Newcrest maintains "hold", 12-month target price is $3.00
Alberta Clipper Energy (ACN : TSX : $4.73)
Recent share weakness represents good opportunity
GMP Securities maintains "buy", 12-month target price is $9.00
AEterna Zentaris (AEZ : TSX : $3.54 | AEZS : NASDAQ : US$3.01)
F2006 in line
GMP Securities maintains "buy", 12-month target price is US$9.00
RBC Capital Markets maintains "outperform", 12-month target price is cut to US$6.50
Anatolia Minerals Dev Ltd (ANO : TSX : $5.30)
Updated Copler mineplan
RBC Capital Markets maintains "top pick", 12-month target price is $8.00
Biovail (BVF : TSX : $24.50 | NYSE : US$20.82)
A comprehensive settlement related to Wellbutrin XL
RBC Capital Markets maintains "outperform", 12-month target price is US$24.00
Scotia Capital Markets maintains "sector perform", 12-month target price is raised to US$22.00
Creststreet Power & Income (CRS.UN : TSX : $5.30)
Weak Q4 preliminary results reported
BMO Capital Markets maintains "underperform", 12-month target price is $4.25
Scotia Capital Markets maintains "sector perform", 12-month target price is $5.25
Contrans Income Fund (CSS.UN : TSX : $10.52)
F2006 meets expectations
BMO Capital Markets maintains "market perform", 12-month target price is $10.75
Desjardins Securities maintains "hold", 12-month target price is $11.60
Catalyst Paper (CTL : TSX : $3.66)
New board directors
BMO Capital Markets upgrades to "outperform", 12-month target price is raised to $4.25
Calloway REIT (CWT.UN : TSX : $27.58)
Trading at a large discount to NAV
Desjardins Securities upgrades to "top pick", 12-month target price is $33.35
RBC Capital Markets maintains "outperform", 12-month target price is $30.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is cut to $29.00
TD Newcrest upgrades to "buy", 12-month target price is raised to $30.00
Duvernay Oil Corp (DDV : TSX : $31.79)
Closes the flow-through financing
Scotia Capital Markets upgrades to "sector outperform", 12-month target price is $47.00
Delphi Energy (DEE : TSX : $1.60)
Closes $18 million equity financing
Scotia Capital Markets maintains "sector perform", 12-month target price is cut to $2.25
Evertz Technologies (ET : TSX : $13.50)
Fiscal 2007 third quarter results expected tomorrow
Raymond James maintains a "outperform", 6-12 month target price is $16.50
BMTC Group (GBT.A : TSX : $19.50)
Impressive margins in fourth quarter
BMO Nesbitt Burns maintains a "market perform", target price raised to $21.50
Home Capital Group (HCG : TSX : $34.77)
Looks attractive at current levels
TD Newcrest upgrades to "buy", 12-month target price is $38.00
Hanfeng Evergreen (HF : TSX : $6.20)
Excellent growth potential
GMP Securities initiates coverage with a "buy", target price is $8.10
Intrepid Mines (IAU : TSX : $0.57)
Good feasibility study results released for Casposo project in Argentina
Blackmont Capital maintains a "buy", 12-month target price is cut to $1.00
Inmet Mining (IMN : TSX : $53.74)
Current pullback creates buying opportunity
Desjardins Securities upgrades to "buy", target price is $63.25
Inter Pipeline Fund (IPL.UN : TSX : $9.05)
Announces agreement to buy Corridor Pipeline
BMO Nesbitt Burns maintains a "market perform", target price cut to $8.50
Scotia Capital Markets maintains "sector perform", 12-month target price is raised to $9.00
TD Newcrest upgrades to "buy", 12-month target price is raised to $9.50
K-Bro Linen Income Fund (KBL.UN : TSX : $12.00)
Conference call expected tomorrow
Blackmont Capital maintains a "buy", 12-month target price is $13.00
Liquor Stores Income Fund (LIQ.UN : TSX : $20.06)
Fourth quarter and full-year 2006 results expected after today's close
Raymond James maintains a "market perform", 6-12 month target price is $18.00
MDS Inc. (MDS : TSX : $21.85 | MDZ : NYSE : US$18.55)
Peer group reports mixed results
Raymond James maintains a "market perform", 6-12 month target price is $20.25
TD Newcrest maintains a "hold", 12-month target price is $22.00
Magna Entertainment (D) (MEC.A : TSX : $4.50 | MECA : NASDAQ : US$3.80)
Releases mixed fourth quarter results
GMP Securities maintains a "buy", target price cut to US$6.05
Metro Inc. (MRU.A : TSX : $40.22)
A&P to sell up to 31% of its Metro shares
Desjardins Securities maintains a "hold", target price is $41.00
RBC Capital Markets maintains a "sector perform", target price is $40.00
Northern Property REIT (NPR.UN : TSX : $24.95)
Conservative management
Blackmont Capital rate "buy", 12-month target price is $26.50
Opta Minerals Inc (OPM : TSX : $4.20)
Replicate MagTech operations
Blackmont Capital rates "buy", 12-month target price is $4.75
Osprey Media Income Fund (OSP.UN : TSX : $5.85)
Reviewing strategic alternatives
BMO Nesbitt Burns rates "market perform", 12-month target price is raised to $6.05
TD Newcrest maintains "hold", 12-month target price is $5.50
Progress Energy Trust (PGX.UN : TSX : $12.00)
$390.3 million. acquisition
Blackmont Capital maintains "hold", 12-month target price is $12.50
Primaris Retail REIT (PMZ.UN : TSX : $21.11)
Results slightly above expectations
BMO Nesbitt Burns maintains "market perform", 12-month target price is raised to $22.00
Desjardins Securities rates "buy", 12-month target price is $21.90
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $21.50
Scotia Capital Markets maintains "sector perform", 12-month target price is raised to $20.00
Pacific & Western Credit (PWC : TSX : $11.20)
Core lending business disappointing
GMP Securities Securities downgrades to "reduce", 12-month target price is lowered to $9.75
ProEx Energy Ltd. (PXE : TSX : $12.81)
Acquires interests in producing assets in B.C.
Scotia Capital Markets maintains "sector perform", 12-month target price is cut to $17.00
Research In Motion (RIM : TSX : $160.11 | RIMM : NASDAQ : US$136.07)
Strong financial performance
GMP Securities Securities maintains "hold", 12-month target price is US$128.25
RBC Capital Markets rates "outperform", no target price reported
Scotia Capital Markets maintains "sector outperform", 12-month target price is $211.00
TD Newcrest maintains "buy", 12-month target price is US$175.00
Semafo Inc. (SMF : TSX : $2.28)
45% increase at Kiniero mine
Blackmont Capital maintains "hold", 12-month target price is $2.30
Trilogy Energy Trust (TET.UN : TSX : $9.47)
Production delays
Blackmont Capital maintains "buy', 12-month target price is $12.50
BMO Nesbitt Burns maintains "market perform", 12-month target price is $11.60
Scotia Capital Markets maintains "sector underperform", 12-month target price is $10.00
TD Newcrest maintains "hold", 12-month target price is $9.50
Tim Hortons (THI : TSX : $35.36 | NYSE : US$30.05)
Breakfast sandwich performs well
TD Newcrest upgrades to "buy", 12-month target price is $39.00
Tree Island Wire Income Fund (TIL.UN : TSX : $6.59)
Weak Q4
Scotia Capital Markets maintains "sector underperform", 12-month target price is $7.00
Wellco Energy Services (WLL.UN : TSX : $6.27)
Q4/06 results in line
TD Newcrest maintains "hold", 12-month target price is $6.50
Yukon Zinc (YZC : TSX-V : $0.25)
Expected share dilution
Blackmont Capital downgrades to "hold", 12-month target price is cut to $0.45
Ear on the Street
Alliance Atlantis Commun. (AAC.B : TSX : $51.78)
Reports Q4 and year-end results
BMO Nesbitt Burns maintains a "market perform", target price is $53.00
CIBC World Markets maintains a "sector perform", target price is $53.00
Desjardins Securities reiterates "tender", target price is $53.00
TD Newcrest maintains a "hold", 12-month target price is $53.00
Air Canada (AC.B : TSX : $17.33)
Releases February traffic growth
CIBC World Markets maintains a "sector outperform", target price is $24.00
ACE Aviation Holdings (ACE.B : TSX : $36.04)
Announces further Jazz and Aeroplan distributions
Canaccord Adams maintains "buy", 12-month target price is $35.00
Credit Suisse maintains a "neutral", target price cut to $34.50
Alberta Clipper Energy (ACN : TSX : $4.88)
New discover in the Sylvan Lake core area
BMO Nesbitt Burns maintains a "outperform", target price is $6.75
Alimentation Couche-Tard (ATD.B : TSX : $24.95)
Q3/F07 results expected Tuesday
CIBC World Markets maintains a "sector perform", target price is $30.00
RBC Capital Markets maintains a "sector perform", 1-year target price is $25.00
Advantage Energy Income Fund (AVN.UN : TSX : $12.15 | AAV : NYSE : US$10.32)
Exercising over-allotment on recent equity issue
RBC Capital Markets maintains a "sector perform", 12-month target price is $10.25
Bank of Nova Scotia (BNS : TSX : $51.56 | NYSE : US$43.75)
Posts solid first quarter earnings
Blackmont Capital maintains a "buy", 12-month target price is raised to $61.00
BMO Nesbitt Burns maintains a "underperform", target price raised to $53.00
CIBC World Markets maintains a "sector outperform", target price is $58.00
Credit Suisse maintains a "neutral", target price raised to $57.00
Desjardins Securities upgrades to "top pick", target price is $57.00
TD Newcrest maintains a "action list buy", 12-month target price is raised to $60.00
Boston Pizza Royalties (BPF.UN : TSX : $15.13)
Reports soft January same-store sales
Scotia Capital Markets maintains a "sector perform", 1-year target price is $15.50
Bow Valley Energy (BVX : TSX : $6.39)
Released 2006 year-end results
Blackmont Capital maintains "buy", 12-month target price is $7.50
BMO Nesbitt Burns maintains a "outperform", target price cut to $7.75
Raymond James maintains a "outperform", 6-12 month target price is $8.25
Scotia Capital Markets maintains a "sector outperform", 1-year target price is $9.00
Cogeco Cable (CCA : TSX : $41.12)
Looks attractive at current levels
BMO Nesbitt Burns maintains a "outperform", target price raised to $50.00
Cinram International (CRW.UN : TSX : $24.00)
Highlights from fourth quarter conference call
Canaccord Adams maintains "hold", 12-month target price is $23.00
RBC Capital Markets maintains a "outperform", target price is $28.00
Constellation Software (CSU : TSX : $24.75)
Expected to report in line Q4 results
RBC Capital Markets reiterates "outperform", target price is $25.00
Canadian Western Bank (CWB : TSX : $24.07)
First quarter results expected today
Blackmont Capital maintains a "buy", 12-month target price is $27.00
Calloway REIT (CWT.UN : TSX : $28.00)
Potential for growth still seen in coming year
CIBC World Markets continues to rate "sector outperform", target price cut to $30.00
Draxis Health (DAX : TSX : $6.54 | DRAX : NASDAQ : US$5.55)
Recent share price appreciation behind downgrade
Scotia Capital Markets downgrades to "sector perform", 1-year target price is $6.00
easyhome (EH : TSX : $17.65)
Announces fourth quarter results and U.S. growth strategy
Raymond James maintains a "outperform", 6-12 month target price raised to $23.00
Emera Inc. (EMA : TSX : $20.12)
Share price correction in recent months; now fairly valued
CIBC World Markets upgrades to "sector perform", target price is $21.00
Futuremed Healthcare (FMD.UN : TSX : $9.70)
Reports Q4/06 results Thursday
Blackmont Capital rates "speculative buy", 12-month target price is $10.50
Finning International (FTT : TSX : $52.00)
Speculation on Hewden sale
RBC Capital Markets rates "outperform", 12-month target price is $55.00
Gabriel Resources (GBU : TSX : $4.40)
Expected delays in Romania
Raymond James maintains "outperform", 12-month target price is reduced to $6.75
Golf Town Income Fund (GLF.UN : TSX : $14.25)
Opening five new stores this year
BMO Nesbitt Burns maintains "outperform", 12-month target price is $15.00
Intermap Technologies (IMP : TSX : $5.61)
Performance benchmarks all positive
Canaccord Capital maintains "speculative buy", 12-month target price is $10.00
Iteration Energy (ITX : TSX : $5.05)
Announce preliminary year end reserves
RBC Capital Markets maintains "outperform", 12-month target price is increased to $5.75
MDS Inc. (MDS : TSX : $21.81 | MDZ : NYSE : US$18.51)
Waiting for FDA resolution
Desjardins Securities rates "hold", 12-month target price is $22.50
RBC Capital Markets rates "sector perform", 12-month target price is $23.00
Mullen Group Income Fund (MTL.UN : TSX : $18.12)
Results in-line with expectations
RBC Capital Markets rates "sector perform", no target price reported
Nortel Networks Corp. (NT : TSX : $32.89 | NYSE : US$27.90)
Partnership with Microsoft
RBC Capital Markets maintains "sector perform", 12-month target price is $32.00
North West Company Fund (NWF.UN : TSX : $16.10)
Only game in town
RBC Capital Markets initiates coverage with "outperform", 12-month target price is $18.50
OPTI Canada Inc (OPC : TSX : $19.51)
Oil sands pure-play
Blackmont Capital rates "hold", 12-month target price is $21.50
Peak Energy Services Trust (PES.UN : TSX : $3.89)
High debt levels
Canaccord Capital resumes coverage with "buy", 12-month target price is $5.00
TD Newcrest maintains "hold", 12-month target price is reduced to $4.00
Progress Energy Trust (PGX.UN : TSX : $11.98)
Announces acquisition
TD Newcrest maintains "buy", 12-month target price is $13.50
Parkland Income Fund (PKI.UN : TSX : $34.67)
Strong Q4/06 results
Raymond James maintains "outperform", 12-month target price is $36.50
ProEx Energy Ltd. (PXE : TSX : $12.98)
$134 million acquisition
RBC Capital Markets rates "outperform", 12-month target price is $17.00
Rogers Communications (RCI.B : TSX : $37.79 | RG : NYSE : US$32.08)
Debt now unsecured
Scotia Capital Markets rates "sector outperform", 12-month target price is $48.00
Steeplejack Industrial Group (SID : TSX : $7.50)
Overlooked and undervalued
Raymond James maintains "strong buy", 6-12 month target price is $10.00
Superior Plus Income Fund (SPF.UN : TSX : $12.45)
2006 results in line
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $12.50
Suncor Energy (SU : TSX : $83.02)
Operating and capex inflation
Credit Suisse maintains "outperform", 12-month target price is $110.00
Sherwood Copper (SWC : TSX-V : $4.44)
Closing $40 million debt financing
Blackmont Capital maintains "buy", 12-month target price is $5.50
Sierra Wireless (SW : TSX : $16.33 | SWIR : NASDAQ : US$13.85)
Purchases Airlink Communications
GMP Securities maintains "hold", 12-month target price is US$14.25
Haywood Securities maintains "sector outperform", 12-month target price is US$20.00
Raymond James maintains "outperform", 6-12 month target price is US$17.00
RBC Capital Markets maintains "sector perform", 12-month target price is not given
Sunrise Senior Living REIT (SZR.UN : TSX : $17.33)
Ontario court ruled in favor of Ventas
RBC Capital Markets maintains "sector perform", 12-month target price is $18.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $18.00
TransAlta Corp. (TA : TSX : $24.53)
Cheap valuation
CIBC World Markets upgrades to "sector outperform", 12-month target price is $28.00
Teck Cominco Ltd. (TCK.B : TSX : $80.50)
Upgrade on price decline
CIBC World Markets upgrades to "sector outperform", 12-month target price is $100.00
Lakeport Brewing Income Fund (TFR.UN : TSX : $27.84)
Competing bid unlikely
Scotia Capital Markets rates "tender", 12-month target price is $28.00
Thunder Energy Trust (THY.UN : TSX : $3.85)
Disappointing 2006 year-end results and another reserve writedown
Canaccord Adams maintains "buy", 12-month target price is cut to $5.25
CIBC World Markets maintains "sector perform", 12-month target price is cut to $4.75
Tree Island Wire Income Fund (TIL.UN : TSX : $6.80)
Weak Q4
Scotia Capital Markets maintains "sector perform", 12-month target price is $7.00
Domtar Corp. (UFS : TSX : $10.39 | NYSE : US$8.81)
Completes transaction with Weyerhaeuser's paper business
TD Newcrest upgrades to "buy", 12-month target price is raised to $12.00
Wajax Income Fund (WJX.UN : TSX : $34.03)
Q4 in line
BMO Capital Markets maintains "outperform", 12-month target price is raised to $37.00
Canaccord Adams maintains "buy", 12-month target price is raised to $38.00
Desjardins Securities maintains "buy", 12-month target price is raised to $38.00
Raymond James maintains "outperform", 6-12 month target price is cut to $36.50
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00
Yamana Gold Inc. (YRI : TSX : $16.43 | AUY : NYSE : US$13.94)
Additional positive results from QDD West
Raymond James maintains "strong buy", 6-12 month target price is $23.00
Sleep Country Canada (Z.UN : TSX : $25.00)
Q4 below estimates
BMO Capital Markets maintains "market perform", 12-month target price is $26.00
Ear on the Street
Amtelecom Income Fund (AMT.UN : TSX : $13.40)
Q4 better than expected
Canaccord Adams maintains "buy", 12-month target price is $14.00
Aecon Group (ARE : TSX : $8.27)
Good Q4 results
Canaccord Adams maintains "hold", 12-month target price is raised to $8.85
Raymond James maintains "market perform", 12-month target price is $8.55
Alimentation Couche-Tard (ATD.B : TSX : $24.82)
Q3 preview
Scotia Capital Markets maintains "sector perform", 12-month target price is $25.00
TD Newcrest maintains "action list buy", 12-month target price is $33.00
Canam Group Inc (CAM : TSX : $9.75)
Q4 was negatively impacted by unusual factors
Raymond James maintains "strong buy", 6-12 month target price is $9.80
Cogeco Cable (CCA : TSX : $41.66)
Q2 preview
TD Newcrest maintains "hold", 12-month target price is raised to $45.00
COM DEV International (CDV : TSX : $6.05)
Announces second commercial satellite ATP
CIBC World Markets maintains "sector outperform", 12-month target price is $8.00
Cathedral Energy Services (CET.UN : TSX : $10.35)
Weak canadian drilling activities
RBC Capital Markets downgrades to "sector perform", 12-month target price is $11.50
COGECO Inc. (CGO : TSX : $37.80)
Q2 preview
TD Newcrest maintains "hold", 12-month target price is raised to $43.00
Chariot Resources (CHD : TSX : $0.80)
Model updates based on preliminary Whittle analysis
Haywood Securities maintains "sector outperform", 12-month target price is raised to $1.20
Raymond James maintains "strong buy", 6-12 month target price is $1.30
Corus Entertainment (CJR.B : TSX : $47.38 | CJR : NYSE : US$40.00)
Reduced takeout potential
TD Newcrest maintains "hold", 12-month target price is cut to $49.00
Canadian Natural Resources (CNQ : TSX : $61.05 | NYSE : US$51.81)
Q4 beats expectations
Blackmont Capital maintains a "hold", 12-month target price is raised to $60.00
CIBC World Markets maintains "sector perform", 12-month target price is $65.00
Credit Suisse maintains "outperform", 12-month target price is $80.00
Raymond James maintains "market perform", 6-12 month target price is $63.00
RBC Capital Markets maintains "outperform", 12-month target price is $65.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $67.00
TD Newcrest maintains "hold", 12-month target price is $58.00
Constellation Software (CSU : TSX : $24.70)
Meets 20% growth target
RBC Capital Markets maintains "outperform", 12-month target price is not given
Caribbean Utils Ltd (CUP.U : TSX : US$11.75)
Q3 misses
Scotia Capital Markets maintains "sector perform", 12-month target price is US$13.00
Emergis (EME : TSX : $5.88)
Standard Life signs a five year contract
Scotia Capital Markets maintains "sector outperform", 12-month target price is $6.50
Fairborne Energy Trust (FEL.UN : TSX : $9.83)
Healthy balance sheet
Blackmont Capital maintains "buy", 12-month target price is $10.00
Fairquest Energy (FQE : TSX : $3.16)
Releases year-end financial, reserves and operating results
Canaccord Adams maintains a "speculative buy", target price cut to $4.00
Dundee Securities maintains a "market outperform", target price is $5.60
Raymond James maintains "strong buy", 6-12 month target price is $5.00
RBC Capital Markets maintains a "sector perform", 12-month target price is $3.75
Great Canadian Gaming (GCD : TSX : $12.83)
New Street coverage
Raymond James initiates coverage with a "market perform", 12-month target price is $14.00
Gateway Casinos Income Fund (GCI.UN : TSX : $19.60)
New Street coverage
Raymond James initiates coverage with a "strong buy", 12-month target price is $24.00
Gildan Activewear (GIL : TSX : $62.19 | NYSE : US$52.66)
Earning momentum should accelerate in H2/F2007
Scotia Capital Markets maintains "sector outperform", 12-month target price is raised to $70.00
Golf Town Income Fund (GLF.UN : TSX : $14.30)
Posts impressive fourth quarter results
CIBC World Markets maintains a "sector outperform", target price raised to $16.00
K-Bro Linen Income Fund (KBL.UN : TSX : $11.90)
Q4 numbers beat expectations
Blackmont Capital Maintains a "buy", 12-month target price is $13.00
Canadian Hydro Developers (KHD : TSX : $6.23)
Signed a 20-year PPA with New Brunswick Power
RBC Capital Markets maintains "outperform", 12-month target price is $7.00
Liponex (LPX : TSX : $0.58)
Disappointing interim data
Blackmont Capital maintains a "speculative buy", 12-month target price is cut to $2.50
Haywood Securities maintains a "sector perform", target price is $2.50
Marsulex Inc. (MLX : TSX : $11.01)
Strong Q4 results and outlook
Blackmont Capital maintains a "buy", 12-month target price is raised to $11.75
Melcor Developments (MRD : TSX : $26.64)
February MLS data for Calgary and Edmonton released
Desjardins Securities maintains a "top pick", target price is $36.50
Mullen Group Income Fund (MTL.UN : TSX : $17.94)
Slightly disappointing fourth quarter results
Raymond James maintains "market perform", 6-12 month target price is $19.00
RBC Capital Markets maintains a "sector perform", target price cut to $19.50
TD Newcrest maintains a "hold", 12-month target price is $20.00
Methanex Corp. (MX : TSX : $29.50 | MEOH : NASDAQ : US$24.98)
Agreement reached in Chile
RBC Capital Markets maintains a "underperform", target price is US$20.00
Scotia Capital Markets maintains "sector underperform", 12-month target price is $26.00
Newalta Income Fund (NAL.UN : TSX : $26.45)
Releases disappointing fourth quarter results
RBC Capital Markets maintains a "sector perform", target price not provided
Allon Therapeutics (NPC : TSX : $1.49)
Phase Ib results for AL-108
Blackmont Capital maintains "buy", 12-month target price is $2.50
NuVista Energy Ltd (NVA : TSX : $12.73)
Light production numbers in Q4, but future remains bright
Tristone Capital maintains a "outperform", 12-month target price is $16.50
Peyto Energy Trust (PEY.UN : TSX : $16.55)
Price decrease and inflation squeeze margins
RBC Capital Markets maintains "sector perform", 12-month target price is $17.25
Progress Energy Trust (PGX.UN : TSX : $11.99)
Announces acquisition
Tristone Capital rates "outperform", 12-month target price is raised to $14.50
Parkland Income Fund (PKI.UN : TSX : $34.69)
Posts in line fourth quarter results
CIBC World Markets maintains a "sector perform", target price cut to $38.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $36.50
Paramount Energy Trust (PMT.UN : TSX : $9.92)
Results miss expectations
Blackmont Capital maintains "hold", 12-month target price is reduced to $10.75
Primary Energy Recycling (PRI.UN : TSX : $9.20)
Weaker than expected Q4/06
RBC Capital Markets rates "sector perform", 12-month target price is $10.00
Provident Energy Trust (PVE.UN : TSX : $12.62)
Strong Q4 results driven by the midstream business
Canaccord Adams maintains a "hold", target price raised to $12.50
Scotia Capital Markets maintains "sector perform", 12-month target price is $13.00
ProEx Energy Ltd. (PXE : TSX : $12.97)
Expanding in BC foothills
Tristone Capital rates "outperform", 12-month target price is raised to $17.00
Research In Motion (RIM : TSX : $162.39 | RIMM : NASDAQ : US$137.51)
Financials expected soon
RBC Capital Markets maintains "outperform", no target price reported
Vector Aerospace Corp (RNO : TSX : $6.25)
Considering acquisition opportunities
GMP Securities Securities maintains "buy", 12-month target price is raised to $8.40
Second Cup Royalty (SCU.UN : TSX : $10.37)
Q4 in line
Scotia Capital Markets maintains "sector underperform", 12-month target price is $10.00
Saxon Financial Inc (SFI : TSX : $23.84)
Compelling growth profile
Dundee Securities maintains "market perform", 12-month target price is $27.00
Superior Plus Income Fund (SPF.UN : TSX : $12.76)
Positive results
TD Newcrest maintains "hold", 12-month target price is raised to $12.00
Stornoway Diamond (SWY : TSX : $1.25)
Issues $20mm convertible debt
GMP Securities Securities maintains "buy", 12-month target price is $1.80
Raymond James maintains "strong buy", 6-12 month target price is $1.70
Universal Energy Group Ltd. (UEG : TSX : $14.72)
Ethanol facility under construction
GMP Securities Securities initiates coverage with a "buy", 12-month target price is $17.75
Domtar Corp. (UFS : TSX : $10.86 | NYSE : US$9.18)
Deal with Weyerhaeuser done
Desjardins Securities upgrades to "buy", target price raised to US$10.75
TSX Group (X : TSX : $50.30)
Strong February
Dundee Securities maintains "market neutral", 12-month target price is $52.00
Sleep Country Canada (Z.UN : TSX : $24.80)
Soft Q4/06 results
Canaccord Capital maintains "buy", 12-month target price is $30.00
CIBC World Markets maintains "sector perform", 12-month target price is $26.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $28.00
TD Newcrest maintains "hold", 12-month target price is $27.00
From another board.
this just in
Credit Bank's Director General called all the brokers and Employees together and told them Foreign Investment in the ISX is starting very soon, ISX's Dir General confirmed as well. ISX Server is being installed in the Green Zone for protection even though ISX will remain at its current location. 1 Jun still target for e-trading, apparently they are shooting for FI before e-trade, I don't know how logistically that is possible but thats what they said. IBM Amman is installing the systems. Lady in charge of the computer systems at the ISX said she thought E-trade and FI would be at the same time. They will start testing the system very shortly for about a month. Mr. Tabatabaie has a meeting with the Prime Minister this Sunday to discuss how Foreign Investment is going to be implemented (that's this Sunday the 11th)
Insurgent leader 'held' in Iraq
Iraqi forces captured al-Baghdadi in the Abu Ghraib area of the city
A key leader of an al-Qaeda linked insurgent group has been arrested in Iraq, according to media reports.
Abu Omar al-Baghdadi, the self-styled leader of the Sunni Arab group the Islamic State in Iraq, was captured in the Abu Ghraib district of Baghdad.
An Iraqi government official said Mr al-Baghdadi had been arrested after intelligence tip-offs.
He heads an umbrella group of Sunni insurgent movements fighting the Iraqi government and US troops in Iraq.
"He was captured this afternoon by Iraqi forces with several of his aides as a result of receiving intelligence tips," the government source told AFP news agency.
No other immediate confirmation of the report from official sources was available.
His group is believed to be behind a series of attacks in Iraq, including the kidnapping of at least 18 police officers last week who were subsequently killed.
Security sources said he was also among militants who stormed a prison near the northern city of Mosul, freeing some 140 prisoners.
http://news.bbc.co.uk/1/hi/world/middle_east/6436569.stm
Alberta warns Ottawa on taxes
STEVEN CHASE
Friday, March 09, 2007
OTTAWA — Alberta Finance Minister Lyle Oberg warned Thursday against any move by Ottawa to scrap a special tax break for the oil sands, saying it would be the final punch in a triple whammy blow to the energy sector.
The Harper government, which needs Opposition party support to pass its March 19 budget, is reviewing an NDP call to scrap what's called the accelerated capital cost allowance program for oil sands.
This comes as the oil patch is struggling to adjust to the Conservatives' controversial tax on income trusts — which hits energy trusts — and is worried about the hundreds of millions of dollars in costs it will face under Ottawa's pending plan to fight climate change.
“It has to be recognized that we ... can't do a one-two-three hit on the oil companies all at once,” Mr. Oberg said in an interview. “It's very dangerous, because the effects tend to build on top of each other.”
His comments also come as oil sands projects face rising costs that threaten to delay their expansion.
Mr. Oberg, who will soon speak with federal Finance Minister Jim Flaherty to reiterate his concerns, said scrapping the tax measure could hurt Alberta's economy and discourage investment in oil sands.
The tax break was enacted by the former Liberal government in the 1990s to encourage development in the oil sands, which, at the time, was seen by some as a high-risk and expensive way to produce oil. It allows many oil sands projects to write off investments in assets at a rate faster than their economic life.
Mr. Flaherty's Finance Department could not provide up-to-date estimates of the cost to taxpayers of this break, which vary according to how it's measured.
But tax expert Jack Mintz of the University of Toronto's Rotman School of Management estimates that oil sands projects would pay $165-million more in federal and provincial corporate income tax a year if the income tax rules applied to them were the same as conventional oil and gas investments. But, he adds, if oil sands investments were treated the same as Alberta's non-energy projects, the additional tax would be $440-million a year.
Mr. Oberg said government has to avoid piling too many burdens on the energy sector, which already faces rising costs in Alberta, British Columbia and Saskatchewan, a region oil investors refer to as the Western Canada Sedimentary Basin.
“What you're seeing now is that our basin is the highest-priced basin in the world when it comes to exploiting the oil and gas,” he said.
“One of the main benefits we have is stability, but stability only goes so far when costs outstrip.”
The Alberta Finance Minister spoke following a meeting in Banff with more than 100 petroleum companies that he said are spooked over the future of the oil sands writeoff measure as well as the prospect of big costs to fight climate change. “The oil patch is extremely nervous right now.”
Mr. Oberg said Alberta is conducting its own review of the royalty rates levied on the oil patch by government and that this process should be allowed to run its course before tax changes are considered.
“We have to just really be careful about damaging our economy,” he said. “Let's take a look at it very closely and know all the consequences and permutations before we do anything rash.”
The NDP is one party the Conservatives may turn to for support in passing their budget, given that the Official Opposition Liberals are likely to oppose it. This means the Tories may have to offer the New Democrats concessions. NDP finance critic Judy Wasylycia-Leis sent Mr. Flaherty a letter yesterday asking him to remove “the perverse tax advantages provided to the oil sands in the form of accelerated capital cost allowance.” There may be multiparty support for removing the oil sands break. A draft copy of a Commons natural resources committee report leaked to media last week also recommended repealing it.
Canadian Natural Resources upgrader on hold
Wednesday, March 07, 2007
CALGARY — Canadian Natural Resources Ltd. has decided to put its heavy-oil upgrader project on hold until federal and provincial environmental laws gain clarity and service costs cool down, the oilpatch heavyweight said Wednesday.
The company decided to shelve temporarily the long-term plan to build an upgrader in northeastern Alberta after preliminary studies indicated the legislative and cost risks were too high.
“It's the prudent thing to do,” chief executive officer Steve Laut said during a conference call.
”We don't know what kind of greenhouse gas regulations are coming at us, and as you go into second phase of [planning], you start scoping out the size of the vessels, and of the flow, and we're not going to waste money designing something that may not be effective.”
The federal government has not made clear its position on how it will proceed with efforts to curb greenhouse gas emissions. And the government of Alberta, seat of the bulk of Canada's oil and gas industry, has also not put forth definite guidelines on emission control.
Canadian Natural Resources reported earlier an 18-per-cent drop in adjusted operating income for 2006, primarily due to sharply lower natural gas prices and high service costs.
Adjusted for the impacts of risk management, tax rate changes, foreign-exchange effects and stock-based compensation, the firm's 2006 earnings from operations declined to $1.66-billion, from $2.03-billion in 2005.
Fourth-quarter earnings fell 72 per cent to $313-million, or 58 cents per share, from $1.1-billion, or $2.06 per share the previous year, when the company made an $825-million risk management, or hedging, gain.
Adjusted quarterly operating profit slipped to $412-million from $470-million despite a 9-per-cent increase in production to 613,764 barrels of oil equivalent per day.
Revenue declined to $2.51-billion from $2.9-billion as CNQ's average fourth-quarter netback was down 27 per cent from a year earlier at $29.13 a barrel of oil equivalent amid natural gas prices barely half of year-ago levels.
At the Horizon oil sands project, 57 per cent complete at year-end, “our project management and construction teams continue to deliver,” Mr. Laut said earlier Wednesday, and “at present we continue to expect final phase one construction costs to not be materially different than our original $6.8-billion target cost with an on-schedule commissioning in the third quarter of 2008.”
Vice-chairman John Langille, added that “based upon current strip pricing and projected production levels, we would expect to generate 2007 cash flows in excess of $6 billion, above the high end of our original 2007 financial budget.”
Along with its financial results, CNQ announced a penny-per-share dividend increase to 8.5 cents quarterly.
US plans to vitalize Iraq's Economy
--------------------------------------------------------------------------------
06 March 2007 (MENAFN)
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MWC News reported that the Pentagon's Under Secretary, accompanied by 45 US business figures will visit all Iraqi provinces in an attempt to revive the business in post-war Iraq.
The visit aims to get the economic engine running again through reactivating Iraqi enterprises that have stopped since the launch of 2003 war and providing all Iraqis with many job opportunities in those companies, in addition to encouraging foreign companies help revitalizing the Iraqi business bodies.
The business figures are working to achieve the goals in cooperation with the Iraqi ministries of finance and industry.
http://www.iraqupdates.com/p_articles.php/article/15228
Analysis: Kurds the winner in Iraq oil law
After nearly a year of negotiations, deadlocked on crucial issues of revenue sharing and control of oil fields.
By Ben Lando
--------------------------------------------------------------------------------
07 March 2007 (United Press International)
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The passage appears to have ended, at least for now, the most difficult phase of creating and passing legislation aimed at governing all of Iraq's vast oil and natural gas reserves.
The Iraqi Parliament still needs to approve the hydrocarbon law, backed by the majority Shiites, which is likely now that the Kurdistan Regional Government has endorsed it.
Oil production is struggling in Iraq. Daily production last month averaged nearly a million barrels below the pre-war levels of 2.6 million barrels per day. Passage of the law is seen as the first step to the more than $20 billion of investment the sector needs.
According to the draft, revenue from oil sales will be pooled into a central government coffer and redistributed throughout the country by population, allaying concerns from the minority Sunnis they would be left with nothing.
The regions will have authority to negotiate and sign contracts, though within the contract guidelines set out in the law.
The KRG in the north, governing a region semi-autonomous since the end of the first Gulf War, has continued development of its oil sector during the current war that has stifled the rest of the country.
Claiming authority given it in the 2005 constitution, the KRG signed five exploration and development contracts with private international companies, deals made controversial when the Iraq Oil Ministry threatened not to honor them. The new law may have resolved the conflict.
The KRG also developed its own hydrocarbon law, and proposed federal legislation largely incorporated into the new law.
"If we go strictly by the Iraq Constitution, the KRG is entitled to assume much greater powers over oil and gas," KRG Natural Resources Minister Ashti Hawrami said in a statement issued Monday by the KRG. "However, to make it work for all concerned, we had to be accommodating and pragmatic in our approach. I am pleased to say that almost all our ideas are now featured highly in the draft Federal Oil Law."
The draft law is less of an end-all deal, more like a framework for and the first in a regime of laws needed to govern Iraq's 115 billion barrels of proven oil reserves -- the third-most in the world -- and 111 trillion cubic feet of gas.
The "annexes" to the draft law, as Hawrami calls them, include detailing authority to territories and oil fields to the regions, the Iraq Oil Ministry and the Iraq National Oil Co.; the model and guidelines for contracts; and a law setting the terms of collecting revenues and mechanisms for redistributing them.
These issues have yet to be decided and, Hawrami said, "Will also be agreed upon before submitting the whole package to the Council of Representatives," the Parliament said.
But those agreements, collectively inferred as afterthoughts in negotiations now that the first compromise has been reached, are the thorn keeping the central government and the KRG from shaking hands in the past.
The Kurds fear a strong central government could deprive them of development like under the Saddam Hussein regime. So they've demanded an automatic redistribution of revenue, away from sectarian whims, and at a percentage that appeared to have outweighed its proportion of the population (though a census will need to be conducted before real numbers can be confirmed).
And, citing historical wrongs and the 2005 constitution, the KRG demanded control over all new oil development.
"Kurdistan will be guaranteed a share of pooled revenue proportionate to its population," Hawrami said. "The Kurdistan Regional Government will, of course, retain the power to sign contracts for petroleum exploration and development in the Kurdistan Region."
A federal oil and gas council, which the KRG pushed for, will serve as a non-binding arbiter of disagreements.
Hawrami said a "panel of experts" named by the council will be allowed to review KRG contracts, though the contracts will not be stopped. The KRG will not sign any new deals until the law is passed.
07 Mar 2007 00:47:00
Debts 1
Canceling $ 28 billion of Iraq's debts
Baghdad (NINA) – Iraqi delegation to the International Monetary Fund (IMF) succeeded in reducing its remaining 20% debts. Spokesman for the Ministry of Oil, Asim Jihad, quoted the Minister of Oil, Dr. Hussein al-Shahrestani, member of the Iraqi delegation saying, "Iraq's delegation, included
http://www.ninanews.com/ninaII/indexeng.php
Oh.
I just can't picture anybody digging for 30 years and being able to make it all tha same as it was before they started.
So there will be a big lake there?
Fording Canadian Coal Trust (FDG.UN : TSX : $25.07)
Distribution below expectations
TD Newcrest downgrades to "reduce", 12-month target price is cut to $23.00
Ear on the Street
ACE Aviation Holdings (ACE.B : TSX : $35.60)
Special distribution of Aeroplan and Jazz units to shareholders
Desjardins Securities maintains "hold", 12-month target price is $36.00
RBC Capital Markets maintains "outperform", 12-month target price is $54.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $36.00
TD Newcrest maintains "buy", 12-month target price is $45.00
Arctic Glacier Income Fund (AG.UN : TSX : $12.80)
Acquisition of an ice company in California
Scotia Capital Markets maintains "sector perform", 12-month target price is $13.50
Alimentation Couche-Tard (ATD.B : TSX : $24.75)
Q3 preview
National Bank Financial maintains "sector perform", 12-month target price is $26.00
Agricore United (AU : TSX : $14.77)
Q1 in line
National Bank Financial maintains "sector perform", 12-month target price is $15.00
Bank of Montreal (BMO : TSX : $69.57)
Solid Q1
Credit Suisse maintains "neutral", 12-month target price is $74.00
Boralex Power Income Fund (BPT.UN : TSX : $10.10)
Initiated the sale process
CIBC World Markets maintains "sector underperform", 12-month target price is $9.00
Desjardins Securities maintains "hold", 12-month target price is $10.50
National Bank Financial maintains "outperform", 12-month target price is $15.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $9.25
TD Newcrest maintains "hold", 12-month target price is raised to $10.50
Cascades Inc. (CAS : TSX : $12.52)
Growth remains a focus
TD Newcrest maintains "hold", 12-month target price is $14.50
Certicom Corp. (CIC : TSX : $5.05)
Q3 below estimates
Credit Suisse maintains "neutral", 12-month target price is raised to $7.00
Colabor Income Fund (CLB.UN : TSX : $9.50)
Q4 in line
Canaccord Adams maintains "buy", 12-month target price is cut to $11.00
CIBC (CM : TSX : $99.47)
Q1 EPS ahead of expectations
Credit Suisse maintains "outperform", 12-month target price is $112.00
Canadian Pacific Railway (CP : TSX : $62.64)
Boosts quarterly dividend to 22.5 cents/share
Blackmont Capital maintains "buy", 12-month target price is $68.75
Constellation Software (CSU : TSX : $24.99)
Acquired PG Govern
CIBC World Markets maintains "sector perform", 12-month target price is $22.00
CV Technologies (CVQ : TSX : $2.45)
Revised labelling for COLD-fX
RBC Capital Markets maintains "sector perform", 12-month target price is $3.00
easyhome (EH : TSX : $16.70)
Strong EPS growth expected from Q4/06 numbers
Blackmont Capital maintains a "buy", 12-month target price is $18.00
Eastern Platinum (ELR : TSX : $1.77)
Listed shares on JSE
Canaccord Capital rates "buy", 12-month target price is $2.00
Evertz Technologies (ET : TSX : $13.41)
Q3 preview
RBC Capital Markets maintains "outperform", 12-month target price is $17.00
Fording Canadian Coal Trust (FDG.UN : TSX : $25.07)
Distribution below expectations
TD Newcrest downgrades to "reduce", 12-month target price is cut to $23.00
Flint Energy Services Ltd. (FES : TSX : $26.51)
Wins contract from Shell
Blackmont Capital maintains "buy", 12-month target price is $38.50
TD Newcrest maintains "buy", 12-month target price is $36.00
GMP Capital Trust (GMP.UN : TSX : $20.75)
Results higher than expected
Sprott Securites maintains "market perform", 12-month target price is $21.00
Garda World Security Corp (GW : TSX : $19.60)
Acquisition of AT systems
Desjardins Securities maintains "buy", 12-month target price is $25.50
Harris Steel Group (HSG : TSX : $46.15)
96% of shares tendered
Blackmont Capital discontinues coverage
InterRent REIT (IIP.UN : TSX-V : $5.25)
Listing units on TSX
Blackmont Capital rates "buy", 12-month target price is raised to $6.35
INSCAPE (INQ : TSX : $4.00)
Results ahead of expectations
TD Newcrest maintains "buy", 12-month target price is $5.50
Kinross Gold (K : TSX : $15.02 | KGC : NYSE : US$12.66)
Expecting strong growth ahead
CIBC World Markets rate "sector outperform", 12-month target price is $19.00
Major Drilling Group Intl. (MDI : TSX : $27.16)
Stronger than expected results
TD Newcrest maintains "buy", 12-month target price is raised to $33.00
MDS Inc. (MDS : TSX : $21.78 | MDZ : NYSE : US$18.48)
Results released March 8
Scotia Capital Markets rates "sector perform", 12-month target price is $22.00
Meridian Gold (MNG : TSX : $29.87 | MDG : NYSE : US$25.22)
El Penon grades slide
CIBC World Markets rate "sector underperform", 12-month target price is cut to US$27.00
MTI Global (MTI : TSX : $1.35)
Weaker margins at Aerospace and Leewood
TD Newcrest maintains "speculative buy", 12-month target price is $2.25
NAL Oil & Gas Trust (NAE.UN : TSX : $11.90)
Reserves decline 8.2% YoY
CIBC World Markets downgrades to "sector perform", 12-month target price is cut to $13.50
National Bank Financial maintains "outperform", 12-month target price is cut to $13.25
Raymond James downgrade to "market perform", 12-month target price is $12.50
Scotia Capital Markets maintains "sector perform", 12-month target price is $12.50
TD Newcrest maintains "buy", 12-month target price is $13.00
National Bank of Canada (NA : TSX : $64.85)
EPS better than expected
National Bank Financial rate "sector perform", 12-month target price is $71.00
Newfoundland Capital Corp. (NCC.A : TSX : $19.49)
Revenue growth of 9%
GMP Securities Securities downgrades to "hold", 12-month target price is raised to $20.00
TD Newcrest maintains "hold", 12-month target price is $19.00
Northgate Minerals Corp. (NGX : TSX : $3.87 | NXG : AMEX : US$3.24)
Onset of cash lowers valuation
Canaccord Capital maintains "hold", 12-month target price is US$4.00
NuVista Energy Ltd (NVA : TSX : $12.80)
Results slightly below expectations
Scotia Capital Markets maintains "sector perform", 12-month target price is $17.25
TD Newcrest maintains "buy", 12-month target price is cut to $16.00
Open Text (OTC : TSX : $24.73)
Acquires ECM solutions
Raymond James rates "outperform", 12-month target price is $26.00
PRT Forest Regen. Income Fund (PRT.UN : TSX : $9.39)
Releases in line fourth quarter results
RBC Capital Markets downgrades to "sector perform", target price is $9.50
Patheon Inc. (PTI : TSX : $4.81)
Receives $150 million investment from JLL Partners
Desjardins Securities maintains a "hold", target price is $5.75
Scotia Capital Markets maintains a "sector underperform", 1-year target price cut to $4.80
TD Newcrest downgrades to "hold", 12-month target price is cut to $5.50
Resolve Business Outsourcing (RBO.UN : TSX : $8.46)
Fourth quarter results come in below expectations
RBC Capital Markets maintains a "sector perform", target price cut to $8.50
Royal Bank of Canada (RY : TSX : $54.95 | NYSE : US$46.51)
Beats first quarter estimates
Blackmont Capital maintains a "buy", 12-month target price is raised to $61.00
CIBC World Markets upgrade to "sector outperform", 12-month target price is raised to $64.00
Scotia Capital Markets maintains a "sector outperform", 1-year target price raised to $75.00
TD Newcrest maintains an "action list buy", 12-month target price is raised to $64.00
Saputo Inc. (SAP : TSX : $44.35)
Challenging cheese market expected to result in more M&A activity in 2007
TD Newcrest maintains a "buy", 12-month target price is $49.00
Sylogist Ltd. (SYZ : TSX-V : $0.72)
Q1/06 results, shows Auma expenses and distractions
Canaccord Adams maintains a "buy", target price cut to $1.15
Talisman Energy (TLM : TSX : $18.88)
No change to company guidance for 2007
Credit Suisse maintains a "neutral", target price is $23.00
Sino-Forest Corp. (TRE : TSX : $10.15)
Current levels offer attractive entry point
Haywood Securities maintains a "sector outperform", target price is $13.00
TransCanada Corp. (TRP : TSX : $37.66)
Earnings growth to drive outperformance in 2007
Desjardins Securities upgrades to "top pick", target price is $43.00
Titan Exploration Ltd. (TTN.A : TSX : $1.95)
Decreasing available credit to limit 2007 capital spending
Raymond James maintains a "market perform", 6-12 month target price cut to $2.25
Verenex Energy (VNX : TSX : $9.48)
Encouraging results from exploration activity in Libya
Canaccord Adams maintains a "hold", target price raised to $9.35
I was able to buy it myself at the ripe age of 15.
The first mickey of Rye that I ever bought cost $2.85
I can't see Sherritt getting the go ahead to do that to that much land.
When they do reclaim it where are they going to get the dirt to make up for the coal rthat was taken out?
Won't get much whiskey for a loonie.
More like 5 loonies.
So coal is back in the vouge?
Well 15 mill up for grabs. Can buy a lot o' sunshine with that.
I can't buy the extra on a free play here anymore.
Reload an' Free play.
12 16 22 29 32 33 46
04 15 18 19 29 35 36
04 06 08 10 12 24 30
05 15 21 22 35 36 47
03 06 07 08 13 39 43
04 12 15 19 26 40 44
18 21 82 96
02 10 17 26 31 37 42
06 12 15 21 25 37 45
05 12 28 34 41 45 47
Sunny Alberta eh?
Just turn it over. LOL
Chuck seems to be a bit of a goof.
Understatement of the year.
Lter. Gotta go.
http://www.investorshub.com/boards/read_msg.asp?message_id=12748077
Looks like Chuck is spending money he don't have again with SLT.
Real wild.
Did good..
You see PLL ? Awsome!
I think that today will be the only nice day this week. Supposed to get 25 mm of rain this evening.