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WLSA: Sunbay Energy America & the $300,000,000+ project in Connecticut.
February 17th, 2009: President Obama signed the American Recovery and Reinvestment Act into law; a $100,000,000,000 incentive concerning "green" investment.
August 11th, 2009: Wireless Age Communications, Inc. acquired majority interest in Sunbay Energy Corp. and exclusive rights to participation in renewable energy projects in Canada and the United States of America.
August 19th, 2009: Wireless Age Communications, Inc. announced intent to change its name to Sunbay Energy America Inc.
Four key things to help you understand the Waste Management movement in Connecticut.
*Resource Recovery Facilities (RRFs) are incineration plants producing electricity by burning waste ("waste-to-energy").
*RRFs treat 57% of municipal solid waste (MSW) generated in the state of Connecticut.
*Contracts that supply MSW to Connecticut’s RRF facilities will expire over the next two to fourteen years.
*2,168,850 tons of MSW will need alternative treatment.
Plasma gasification is an inexpensive, efficient and renewable energy solution involving thermal treatment of waste.
Wireless Age Communications, Inc. will benefit from:
(1)Plasma gasification operations across the state of Connecticut comprising of feedstock and long-term power purchase agreements already in place (with government organizations);
(2)The resale of plasma torch technology (attained at a discount from exclusive partner, Europlasma).
Note: These operations may potentially reflect a fourth quarter (Q4) 2009 income in the seven figures...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41193682
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. has spent decades collecting hundreds of millions of dollars after restructuring and developing start-up companies.
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located
just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds continues to gather key individuals in structuring a successful renewable energy company:
Jordan Oxley, President Sunbay Energy Corp., is an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, his occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. Read More: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40825310
Stein Lal, Director Sunbay Energy Corp., joined the public service of Ontario in 1988 as the Deputy Minister in the Ministry of the Solicitor General and since then has held that position in five other ministries retiring from the public service 2001 as the Deputy Minister of the Ministry of the Environment. Stein Lal has served in the capacity of Deputy Minister under all three governments...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40826367
David Tsubouchi, Board of Advisors Sunbay Energy Corp., is an associate counsel in the Business Law Group of Miller Thomson LLP in Markham. Mr. Tsubouchi brings a wealth of experience from the public sector as an elected official municipally and provincially. His background as Chair of an investment bank brings additional experience in financing and securities...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39801009
Weekly Chart.
Market Correction Brings Opportunity to Buy Energy Stocks.
by: James Rickman September 02, 2009
A market correction is under way as investors seek to take profits on the over-priced hyped recovery that has been slow to materialize. The economic growth forecasts for the U.S. in particular look stagnate at maybe 2% growth starting late 2010. Emerging markets GDP growth in Asia, Africa, South America and parts of Europe look promising but lack the ability to maintain the speculative DJIA levels over 9,200. These regions appear unable to lift world markets to new highs without healthy U.S. consumer spending which is unlikely for sometime given massive debt obligations. However, we should see the 700 million emerging middle class people of China and India significantly accelerate demands for both fossil fuel and renewable energy for the next 10-years.
Continued...
China Contractors Go After Foreign Stimulus Funds.
by: Vincent Fernando September 06, 2009 | about: CWYCF.PK
After the creation of a massive construction industry in China, it appears this industry is exporting its services worldwide. Tax payer stimulus dollars doled out by other governments, ostensibly in the interest of the local people, are a prime target.
With many countries in the world adopting stimulus plans to drive demand, China has been scrambling for these public spending dollars. And it is well placed to do so...
Services revenue from overseas amounted to $32.2 billion, up 52 percent from last year, outpacing the average growth of 30 percent over the past few years. Chinese companies signed new contracts worth $64.6 billion, an increase of 38 percent from last year...
Chinese construction companies were the biggest beneficiaries. China Railway Construction (CWYCF.PK) said the value of newly entered overseas contracts surged 98 percent in the first half, representing one fifth of the total new contracts signed. The success of Chinese contractors is not limited to emerging countries. China’s Gezhouba Group is involved in Australian mining projects. An aircraft technology company has got a big contract for wind power projects in the United States. And a Chinese contractor won a bid to build the Hamilton Bridge in New York.
I'm not against these companies going after foreign contracts. I just think this highlights how stimulus spending might not be going to the people it's intended to.
China Contractors Go After Foreign Stimulus Funds.
by: Vincent Fernando September 06, 2009 | about: CWYCF.PK
After the creation of a massive construction industry in China, it appears this industry is exporting its services worldwide. Tax payer stimulus dollars doled out by other governments, ostensibly in the interest of the local people, are a prime target.
With many countries in the world adopting stimulus plans to drive demand, China has been scrambling for these public spending dollars. And it is well placed to do so...
Services revenue from overseas amounted to $32.2 billion, up 52 percent from last year, outpacing the average growth of 30 percent over the past few years. Chinese companies signed new contracts worth $64.6 billion, an increase of 38 percent from last year...
Chinese construction companies were the biggest beneficiaries. China Railway Construction (CWYCF.PK) said the value of newly entered overseas contracts surged 98 percent in the first half, representing one fifth of the total new contracts signed. The success of Chinese contractors is not limited to emerging countries. China’s Gezhouba Group is involved in Australian mining projects. An aircraft technology company has got a big contract for wind power projects in the United States. And a Chinese contractor won a bid to build the Hamilton Bridge in New York.
I'm not against these companies going after foreign contracts. I just think this highlights how stimulus spending might not be going to the people it's intended to.
Natural Gas: America's Energy Salvation.
by: Joseph Shaefer September 06, 2009 | about: FCG / KOL / UNG / USO
Natural gas will be America’s energy salvation.
If you think solar, biomass, wind, lithium ion-powered, ocean thermal, currents and tides, and even tried-and-true geothermal and hydroelectric will somehow in the aggregate equal natural gas as a share of energy production, read here and here.
It’s time we stopped hiding our heads in the sand about today’s energy problems while spending / wasting tens of billions of dollars on taxpayer-funded grants, incentives and subsidies for tomorrow’s solutions. We need – and have readily available – an American source of relatively clean energy today for today’s needs, if only the politicians would stop spending on pork and get the hell out of the way of private industry that is trying to provide this source: clean-burning natural gas.
We pay much more for the electricity to power and light our homes and offices, the coal, heating oil or gas to heat our homes, and the gasoline to fill our automobiles, than we typically recognize.
We pay once to the utilities or at the pump, and once more when our taxes are withheld from our paychecks. Big government pork for ethanol subsidies, solar subsidies, biomass subsidies, and every other kind of can’t-stand-on-its-own-economics power are costing us, not just in monetary terms but in time value – we are looking so far down the road we don’t even see the 30-foot drop-off right in front of us. Think $4 a gallon for gasoline is high? Add in the subsidies your tax dollars are diverted to for a $0 return and you’re probably paying closer to $6 a gallon.
I say remove the subsidies, credits, and grants from all sources of energy. Big oil gets no special allowances for depletion. That’s the industry you chose, bubbas. You knew it was a wasting asset when you decided to enter the business. Same for natural gas and coal companies. And the same for nuclear, wind, solar, biomass, et al.
Clean renewable energy that is not a wasting asset remains the Holy Grail of energy production. If we shut off the spigot of vote-buying that comes from dispensing grants and subsidies, energy companies will still seek ways to harness the power of the sun and the wind. As long as the sun still shines, those who can turn this diffuse energy into a concentrated form will make money. But I’m tired of effectively paying $6 a gallon for gasoline when alternatives exist that are being ignored. Why are they being ignored? Mostly, so some people can feel morally superior while they freeze in the dark. Me. I’m not into moral superiority. I’d rather have a clean, well-lit place to work and live than to feel smug about my energy “consciousness.”
I’d like to see clean solar and wind as much as the next guy, but I won’t wear rose-colored glasses. I can’t ignore the fact that, after 30 years and $30 billion in subsidies, wind now meets 7/10 of 1% of US energy needs (about the same as when farmers used windmills 150 years ago) and solar is 12/100 of 1%. Let’s round those up to 1%. There are 1,440 minutes in a day. Are you willing to have your lights, air conditioner, computer, stove and every other appliance and convenience on just 14.4 minutes a day? Welcome to Baghdad.
Why Natural Gas
Natural gas is the second-most abundant fossil fuel in America. Coal is first. We are the Saudi Arabia of coal worldwide. China and India together don’t have as much coal as the US, which has 28% of the entire world’s reserves. But coal is dirty. Lots of for-profit firms are doing breakneck research to clean it up, but it’s – currently – dirty.
So is our choice dirty polluting coal or 14.4 minutes of power a day? Of course not. There’s imported oil. However, with the exception of tar-sands oil from Canada, when you add, to the $70 a barrel oil costs when ready for export, the transportation costs, the cost of keeping the Straits of Hormuz open, the costs of foreign wars to assure the continuing supply, the cost of the inevitable oil spills from time to time, and the foreign aid and sweetheart deals our nation makes to keep tyrants, misogynists, and perverts atop otherwise-shaky regimes, the true cost of oil is probably already $200-$300 a barrel.
That leaves natural gas as the only fuel we actually use in abundance and have in abundance right now, today, this minute.
I created the chart below from the raw numbers of quadrillions of BTUs reported by the Department of Energy’s Energy Information Administration of the current mix of fuels used in the United States to produce energy.
Journalists, however, are more enamored of something new! and different! and therefore write reams on renewables and virtually nothing about something old and boring (but tried and true) like fossil fuels, so it’s easy to believe renewables constitute a larger proportion than they really do. Note, for instance, in the previous chart, the less-than-amazing ascent of heavily-subsidized solar from 8/100 of 1% 20 years ago to 12/100 of 1% today. That’s not to denigrate solar or to “wish” that it couldn’t have gone from 8/100 to 8% or 100%. But we must deal in facts if we are to ever wean ourselves from foreign oil and stop walking on eggshells around despots and ideological and religious fanatics.
HERE’s “Why Natural Gas”
1. According to Oil & Gas Weekly and the Energy Information Administration we have upwards of 100 years of natural gas remaining in the US at current rates of usage.
2. The estimate of proven reserves leapt *35%* in just the past year (creating downward pressure on prices in the short term.) No surprise to me. Every year of my 40 years in this business, I’ve been hearing about peak oil in some variation or another. “The world is running out of fossil fuels! We’re all going to freeze to death! We must subsidize unproven technologies to save us from Armageddon!”
What a bunch of hooey. Every year since the first Cassandra screamed this nonsense in my ear, we have increased our estimates of proven reserves. As technology allows us to find and produce gas from previously unknown or inaccessible formation, we’ll find even more.
3. Add Canada’s natural gas to the mix, since Canada is our biggest trading partner and the US is their closest (thus cheapest-to-transport-to) customer, and they have an abundance of nat-gas beyond the needs of their population. And since liquefying natural gas is expensive and potentially dangerous, it’s best to pipeline it from close-by fields rather than ship it liquefied across the world’s oceans.
4. If we use more U.S. natural gas, we can tell the likes of Saudi Arabia, Iran, Iraq, Russia, Nigeria and Venezuela “no thanks” to their bribery, corruption and fleecing.
Take a look at the map below (click to enlarge). These are our now-known, proven shale gas reserves. Now note how close most are to population centers...
Okay, But Why NOW?
In previous articles, I began making the case for both nuclear and natural gas. I still believe both offer remarkably good investment opportunities in the months, years and decades ahead -- but I think natural gas will be the first to benefit. Why?
1. People are beginning to realize, in spite of Al Gore’s conflict-of-interest hawking of renewables he’s invested in, that nat-gas is the cleanest burning fossil fuel, is available in quantity right here at home, and is used to heat our homes, cook our food, power the electricity that turns on our lights and fuel the 7 million natural gas vehicles currently in use around the world.
2. The glut in supply of natural gas is both temporary and price-sensitive. The glut was created by new production coming online from shale gas plays. But at today’s prices, those wells are being shuttered. What company could stay in business if they were to sell gas at $2.56 per million BTUs (MMBtu) when it costs them $5.15 per MMBtu to get it out of the ground?
3. The natural gas glut is not only price-sensitive, it is seasonal, as well. As the winter season cranks up over the coming months, utilities will need to produce more natural gas-generated heat. As the days grow longer, we’ll turn our lights on earlier in the day and, if this year is like every other, we’ll settle in, turn up the electric blankets, play more electronic games, and cook more at home – primarily benefiting nat-gas and coal as the two primary generators of electricity in this country. (With nuclear close behind, the three of them accounting for 90% of our electrical generating fuel sources. Add hydroelectric and that leaves just 4% generated by oil, biomass, vegetable oil, solar, wind, etc.)
I believe natural gas is unlikely to remain depressed.
This is a seasonal play that hasn't changed in 50 years, yet the media always project declines or rises -- in any commodity, trend or stock -- as if they were linear. The market, however, is cyclical, not linear...
4. The Farmers' Almanac is predicting a cold winter. The squirrels, chipmunks and birds in my large yard seem to agree. All are scurrying about hiding food from each other earlier than I’ve ever seen. The Almanac predicts numbing cold from the Rocky Mountains to the Appalachians, with milder weather on the coasts. The National Weather Service is calling for a warmer-than-normal winter because of El Nino. In my experience, the animals get it right more often than the humans…
5. Natural gas-fired plants are currently operating at less than 50% capacity. If this administration and this country is really serious about cutting carbon emissions we will turn to natural gas now, not when two guys in their garage find the solar Holy Grail.
Next week, I will write an article on the three E&P (exploration and production) firms I believe will benefit most from an increase in America’s reliance upon “home-grown,” abundant, and cheap natural gas. I’ll also review what I think are the smartest natural gas pipelines for both income and growth.
If you can’t wait until then, here’s an ETF that I believe accurately covers the whole industry: the First Trust ISE-Revere Natural Gas Index Fund (FCG). I know and respect some of the principals at Revere (“Revere Data”) and am quite familiar with their methodology and hierarchy that creates a product- and service-based classification system to map where and how companies interact and compete.
FCG would be a good adjunct to the pipelines mentioned above in that it selects companies on the exploration and production side of the business. It selects only the top 30 stocks based upon an internal ranking system, then rebalances on a quarterly basis. Be aware that this methodology will add a level of “active” management versus the passive nature of many ETFs. That might be good, it might be bad, but I see FCG as a great way to give us broad exposure to the entire industry.
Natural Gas: America's Energy Salvation.
by: Joseph Shaefer September 06, 2009 | about: FCG / KOL / UNG / USO
Natural gas will be America’s energy salvation.
If you think solar, biomass, wind, lithium ion-powered, ocean thermal, currents and tides, and even tried-and-true geothermal and hydroelectric will somehow in the aggregate equal natural gas as a share of energy production, read here and here.
It’s time we stopped hiding our heads in the sand about today’s energy problems while spending / wasting tens of billions of dollars on taxpayer-funded grants, incentives and subsidies for tomorrow’s solutions. We need – and have readily available – an American source of relatively clean energy today for today’s needs, if only the politicians would stop spending on pork and get the hell out of the way of private industry that is trying to provide this source: clean-burning natural gas.
We pay much more for the electricity to power and light our homes and offices, the coal, heating oil or gas to heat our homes, and the gasoline to fill our automobiles, than we typically recognize.
We pay once to the utilities or at the pump, and once more when our taxes are withheld from our paychecks. Big government pork for ethanol subsidies, solar subsidies, biomass subsidies, and every other kind of can’t-stand-on-its-own-economics power are costing us, not just in monetary terms but in time value – we are looking so far down the road we don’t even see the 30-foot drop-off right in front of us. Think $4 a gallon for gasoline is high? Add in the subsidies your tax dollars are diverted to for a $0 return and you’re probably paying closer to $6 a gallon.
I say remove the subsidies, credits, and grants from all sources of energy. Big oil gets no special allowances for depletion. That’s the industry you chose, bubbas. You knew it was a wasting asset when you decided to enter the business. Same for natural gas and coal companies. And the same for nuclear, wind, solar, biomass, et al.
Clean renewable energy that is not a wasting asset remains the Holy Grail of energy production. If we shut off the spigot of vote-buying that comes from dispensing grants and subsidies, energy companies will still seek ways to harness the power of the sun and the wind. As long as the sun still shines, those who can turn this diffuse energy into a concentrated form will make money. But I’m tired of effectively paying $6 a gallon for gasoline when alternatives exist that are being ignored. Why are they being ignored? Mostly, so some people can feel morally superior while they freeze in the dark. Me. I’m not into moral superiority. I’d rather have a clean, well-lit place to work and live than to feel smug about my energy “consciousness.”
I’d like to see clean solar and wind as much as the next guy, but I won’t wear rose-colored glasses. I can’t ignore the fact that, after 30 years and $30 billion in subsidies, wind now meets 7/10 of 1% of US energy needs (about the same as when farmers used windmills 150 years ago) and solar is 12/100 of 1%. Let’s round those up to 1%. There are 1,440 minutes in a day. Are you willing to have your lights, air conditioner, computer, stove and every other appliance and convenience on just 14.4 minutes a day? Welcome to Baghdad.
Why Natural Gas
Natural gas is the second-most abundant fossil fuel in America. Coal is first. We are the Saudi Arabia of coal worldwide. China and India together don’t have as much coal as the US, which has 28% of the entire world’s reserves. But coal is dirty. Lots of for-profit firms are doing breakneck research to clean it up, but it’s – currently – dirty.
So is our choice dirty polluting coal or 14.4 minutes of power a day? Of course not. There’s imported oil. However, with the exception of tar-sands oil from Canada, when you add, to the $70 a barrel oil costs when ready for export, the transportation costs, the cost of keeping the Straits of Hormuz open, the costs of foreign wars to assure the continuing supply, the cost of the inevitable oil spills from time to time, and the foreign aid and sweetheart deals our nation makes to keep tyrants, misogynists, and perverts atop otherwise-shaky regimes, the true cost of oil is probably already $200-$300 a barrel.
That leaves natural gas as the only fuel we actually use in abundance and have in abundance right now, today, this minute.
I created the chart below from the raw numbers of quadrillions of BTUs reported by the Department of Energy’s Energy Information Administration of the current mix of fuels used in the United States to produce energy.
Journalists, however, are more enamored of something new! and different! and therefore write reams on renewables and virtually nothing about something old and boring (but tried and true) like fossil fuels, so it’s easy to believe renewables constitute a larger proportion than they really do. Note, for instance, in the previous chart, the less-than-amazing ascent of heavily-subsidized solar from 8/100 of 1% 20 years ago to 12/100 of 1% today. That’s not to denigrate solar or to “wish” that it couldn’t have gone from 8/100 to 8% or 100%. But we must deal in facts if we are to ever wean ourselves from foreign oil and stop walking on eggshells around despots and ideological and religious fanatics.
HERE’s “Why Natural Gas”
1. According to Oil & Gas Weekly and the Energy Information Administration we have upwards of 100 years of natural gas remaining in the US at current rates of usage.
2. The estimate of proven reserves leapt *35%* in just the past year (creating downward pressure on prices in the short term.) No surprise to me. Every year of my 40 years in this business, I’ve been hearing about peak oil in some variation or another. “The world is running out of fossil fuels! We’re all going to freeze to death! We must subsidize unproven technologies to save us from Armageddon!”
What a bunch of hooey. Every year since the first Cassandra screamed this nonsense in my ear, we have increased our estimates of proven reserves. As technology allows us to find and produce gas from previously unknown or inaccessible formation, we’ll find even more.
3. Add Canada’s natural gas to the mix, since Canada is our biggest trading partner and the US is their closest (thus cheapest-to-transport-to) customer, and they have an abundance of nat-gas beyond the needs of their population. And since liquefying natural gas is expensive and potentially dangerous, it’s best to pipeline it from close-by fields rather than ship it liquefied across the world’s oceans.
4. If we use more U.S. natural gas, we can tell the likes of Saudi Arabia, Iran, Iraq, Russia, Nigeria and Venezuela “no thanks” to their bribery, corruption and fleecing.
Take a look at the map below (click to enlarge). These are our now-known, proven shale gas reserves. Now note how close most are to population centers...
Okay, But Why NOW?
In previous articles, I began making the case for both nuclear and natural gas. I still believe both offer remarkably good investment opportunities in the months, years and decades ahead -- but I think natural gas will be the first to benefit. Why?
1. People are beginning to realize, in spite of Al Gore’s conflict-of-interest hawking of renewables he’s invested in, that nat-gas is the cleanest burning fossil fuel, is available in quantity right here at home, and is used to heat our homes, cook our food, power the electricity that turns on our lights and fuel the 7 million natural gas vehicles currently in use around the world.
2. The glut in supply of natural gas is both temporary and price-sensitive. The glut was created by new production coming online from shale gas plays. But at today’s prices, those wells are being shuttered. What company could stay in business if they were to sell gas at $2.56 per million BTUs (MMBtu) when it costs them $5.15 per MMBtu to get it out of the ground?
3. The natural gas glut is not only price-sensitive, it is seasonal, as well. As the winter season cranks up over the coming months, utilities will need to produce more natural gas-generated heat. As the days grow longer, we’ll turn our lights on earlier in the day and, if this year is like every other, we’ll settle in, turn up the electric blankets, play more electronic games, and cook more at home – primarily benefiting nat-gas and coal as the two primary generators of electricity in this country. (With nuclear close behind, the three of them accounting for 90% of our electrical generating fuel sources. Add hydroelectric and that leaves just 4% generated by oil, biomass, vegetable oil, solar, wind, etc.)
I believe natural gas is unlikely to remain depressed.
This is a seasonal play that hasn't changed in 50 years, yet the media always project declines or rises -- in any commodity, trend or stock -- as if they were linear. The market, however, is cyclical, not linear...
4. The Farmers' Almanac is predicting a cold winter. The squirrels, chipmunks and birds in my large yard seem to agree. All are scurrying about hiding food from each other earlier than I’ve ever seen. The Almanac predicts numbing cold from the Rocky Mountains to the Appalachians, with milder weather on the coasts. The National Weather Service is calling for a warmer-than-normal winter because of El Nino. In my experience, the animals get it right more often than the humans…
5. Natural gas-fired plants are currently operating at less than 50% capacity. If this administration and this country is really serious about cutting carbon emissions we will turn to natural gas now, not when two guys in their garage find the solar Holy Grail.
Next week, I will write an article on the three E&P (exploration and production) firms I believe will benefit most from an increase in America’s reliance upon “home-grown,” abundant, and cheap natural gas. I’ll also review what I think are the smartest natural gas pipelines for both income and growth.
If you can’t wait until then, here’s an ETF that I believe accurately covers the whole industry: the First Trust ISE-Revere Natural Gas Index Fund (FCG). I know and respect some of the principals at Revere (“Revere Data”) and am quite familiar with their methodology and hierarchy that creates a product- and service-based classification system to map where and how companies interact and compete.
FCG would be a good adjunct to the pipelines mentioned above in that it selects companies on the exploration and production side of the business. It selects only the top 30 stocks based upon an internal ranking system, then rebalances on a quarterly basis. Be aware that this methodology will add a level of “active” management versus the passive nature of many ETFs. That might be good, it might be bad, but I see FCG as a great way to give us broad exposure to the entire industry.
Top 10 Components of the Dow Jones U.S. Economic Stimulus Index.
by: David Hunkar September 06, 2009 | about: CSCO / FCX / GOOG / IBM / INTC / JCI / KBR / MDR / NLC / PCU / SYY
The “Dow Jones U.S. Economic Stimulus Index” was first published in May this year to track the performance of the 50 largest U.S. companies that are expected to benefit from the American Recovery and Reinvestment Act of 2009. The act intends to stimulate the economy by investing about $787 B in various sectors such as Alternative Energy, Construction & Materials, Energy Grid, Environment, Technology and Telecommunications/Internet.
The 50 components of the Dow Jones U.S. Economic Stimulus Index are selected based on market capitalization and are equally weighted. All the companies are related to industries that will be directly impacted by this huge spending.
The S&P was up 12.99% as of August 31,2009. During the same period the DJ Economic Stimulus Index was up 17.01%. About 40% of the components in the index are industrials. Technology stocks make up the second largest group with 18.50%. A brief overview of the Top 10 components of this index follows:
1. Phoenix, AZ based Freeport-McMoRan Copper & Gold Inc (FCX) is one of the world’s largest gold, molybdenum and lowest-cost copper producer. In 2007, the company acquired copper producer Phelps Dodge. As a commodity sector stock, the beta is very high at 1.8. Freeport does not pay regular dividends. Total revenues last year was $13B. The company has operations in Africa, Indonesia, North and South America.
2. McDermott International Inc. (MDR) is an engineering and construction company with a focus on energy, power and oil industries.In the second quarter,2009 the company reported a net income of $92.6 million on revenues of $1,565.0 million. The order backlog was $9.5 B. The current market cap is $5.7 B and the beta is 1.7.
3.Southern Copper Corp. (PCU) is a mining company producing copper, molybdenum, zinc and silver with operations in Mexico,Chile and Peru. Last year the profit was margin was about 17% on revenues of $3.3B. The current dividend yield is 1.42%.
4. Nalco Holding Co. (NLC) is a clean-tech company providing ” integrated water treatment applications to prevent corrosion, contamination and the buildup of harmful deposits”. In the past 52 weeks, NLC is down 23.40% and the current yield is 0.82%. Alternative energy companies such as Nalco and others will be one of the major beneficiaries of the economic stimulus spending in the coming months.
5. The world’s most popular engine company Google Inc’s (GOOG) stock closed at $461.20 on Friday. After its IPO for $100 in 2004, the stock had a meteoric rise crossing $700 in October, 2007 creating many paper millionaires called “googlionaires” in the process.As a tech outfit, Google does not pay dividends.The current P/E is 32 and the market cap is $146B.
6. Houston, Texas-based KBR Inc. (KBR) engineering and construction company with a significant interest in government sector. Formerly part of Halliburton, KBR has operations in Iraq, Afghanistan and other countries supporting the US government with its civilian and military efforts.Total revenues in 2008 was $12.7B and the annual revenue growth is about 30%. Similar to defense contractors, companies like KBR benefit greatly due to wars and occupations as new infrastructures such as military bases, embassy buildings are built.
7. As one of the largest tech giants in the world, International Business Machines Corp. (IBM) continues to grow in this economic downturn.While the company hasn’t grown in the U.S. in terms of employee count in the past few years, it has grown exponentially in many overseas markets such as India, China, etc. hiring thousands of employees. A while ago IBM even proposed to US employees to move India to keep their jobs and cut costs. IBM’s average profit margin is 13%. The current yield is 1.87%.
8. Intel Corp. (INTC) is one the world’s largest semiconductor chips makers. Intel pays a dividend of 2.85%. Intel used to be one of the favorite tech companies among investors during the dot com era. In the current recession, Intel and other tech companies are growing strongly in overseas markets where the demand for their products is high.
9. Johnson Controls Inc. (JCI) offers “automotive interiors, products and services that optimize energy usage in buildings and batteries for automobiles and hybrid electric vehicles.” The company was founded in Milwaukee, Wisconsin by Professor Warren S. Johnson who invented the first electric thermostat in 1885. Revenues have been increasing at the rate of about 13% annually in the past 5 years. As more money flows into green technologies in the coming years, Johnson Controls may have higher growth.
10. Cisco Systems Inc. (CSCO) is another tech company that was highly popular among investors in the late 90s. When the dot com boom ended, Cisco fell so hard that for many years investors hoped that they had bought the other Sysco (SYY) instead of Cisco. Cisco is a maker of networking gear such as routers, switches, etc. Cisco is expected to benefit from the spending on upgrade of our broadband infrastructure. In the global broadband household penetration rankings for 2008, the U.S. currently ranks 20th. South Korea took first spot where 95% of households access the internet via broadband.
Best wishes with your new idea here srloan.
The preposition is a joint venture with Albert Pope and his team. Whether his title evolves into a Director or Executive of the company, only time will tell. In any case, Albert Pope's involvement will strech beyond the $300,000,000+ project in Connecticut.
Weekend Scan: Bulletin Board Market, Priced between $0.01 - $0.20; within 50% relative to 52-week low.
Time Symbol Last Net Change % Chg Volume Trades Company Name
15:12:33 ACGI 0.0300 -0.0080 -0.2105 15,897 4 Amacore Group Inc
13:34:44 ADAC 0.0800 0.0000 0.0000 7,000 1 Adama Technologies Corp
12:37:47 AEPW 0.0500 -0.0100 -0.1667 50,850 4 Asia Electrical Power International Group Inc
15:56:34 AGNM 0.1630 -0.0770 -0.3208 4,000 1 Acrongenomics Inc
12:00:01 APEN 0.1000 -0.1000 -0.5000 300 1 Apollo Entertainment Group Inc
14:29:25 ASVP 0.1000 -0.0200 -0.1667 16,751 4 American Tonerserve Corporation
13:43:46 BBRD 0.0800 -0.0025 -0.0303 15,000 1 Blackbird Petroleum Corp
15:47:41 BEEI 0.0190 -0.0010 -0.0500 482,500 16 Bald Eagle Energy Inc
15:14:55 BETM 0.1300 0.0000 0.0000 13,000 4 American Wagering Inc
16:00:40 BKUH 0.1900 0.0400 0.2667 185,816 23 Bakhu Holdings Corp
15:49:38 BSHF 0.1700 -0.0100 -0.0556 58,767 15 Bioshaft Water Technology Inc
15:20:20 BWAV 0.0700 0.0190 0.3725 49,500 9 Betawave Corp
15:44:34 CABN 0.1200 0.0000 0.0000 447,565 58 Carbon Sciences Inc
14:28:23 CAMH 0.0850 0.0000 0.0000 67,918 12 Cambridge Heart Inc
12:12:40 CCRE 0.1000 0.0100 0.1111 1,000 1 Can Cal Resources Ltd
15:27:02 CCYG 0.0700 0.0189 0.3699 25,884 7 CellCyte Genetics Corporation
15:59:13 CERP 0.0900 0.0010 0.0112 1,172,526 71 Cereplast Inc
15:54:27 CHDO 0.0120 0.0000 0.0000 159,500 13 CHDT Corporation
11:49:21 CLXS 0.0450 0.0000 0.0000 25,000 3 Collexis Holdings Inc
15:35:51 CNER 0.1200 0.0000 0.0000 52,030 5 China New Energy Group Company
14:22:22 COHG 0.0350 -0.0550 -0.6111 950 1 Cheetah Oil and Gas Ltd New
15:58:28 CYOE 0.1300 -0.0050 -0.0370 16,500 5 CytoCore Inc
16:05:38 DANR 0.1450 -0.0050 -0.0333 215,868 34 Dana Resources
14:14:54 DION 0.0350 -0.0050 -0.1250 8,978 2 Dionics Inc
14:58:54 DKAM 0.0850 -0.0040 -0.0449 191,994 21 Drinks Americas Holdings Ltd
09:30:12 DPAC 0.0143 -0.0082 -0.3644 300 1 DPAC Technologies Corp
15:52:59 DPDW 0.1070 0.0000 0.0000 70,380 13 Deep Down Inc
09:30:19 DRGG 0.0100 0.0000 0.0000 1,900 1 Dragon International Group Corp
15:52:47 ECNG 0.0660 0.0005 0.0076 30,500 4 EnergyConnect Group Inc
15:31:02 ELTP 0.0700 0.0000 0.0000 77,392 10 Elite Pharmaceuticals Inc
15:56:08 ENSL 0.1805 -0.0045 -0.0243 105,225 22 Entech Solar Inc
15:54:32 ESPI 0.1000 0.0097 0.1074 132,555 22 ESP Resources Inc
16:00:04 EXBX 0.0590 -0.0020 -0.0328 3,033,565 165 Exobox Technologies Corp
12:17:53 FLXT 0.1650 0.0050 0.0313 3,000 1 Flexpoint Sensor Systems Inc
13:56:03 FNXC 0.0190 0.0000 0.0000 91,000 8 Fonix Corp New
10:55:16 FRXT 0.0610 0.0110 0.2200 364 1 Forex365 Inc
15:42:00 FSNN 0.1000 0.0000 0.0000 10,100 2 Fusion Telecommunications International Inc
15:33:34 FVRG 0.2000 -0.0900 -0.3103 333 1 ForeverGreen Worldwide Corp
14:27:54 FWTC 0.0300 -0.0010 -0.0323 185,225 16 Freshwater Technologies Inc
15:53:22 FXPT 0.1400 0.0200 0.1667 17,900 10 Fox Petroleum Inc
11:43:28 GARA 0.0400 -0.0200 -0.3333 40,000 3 Golden Aria Corp
14:31:24 GARM 0.0160 -0.0011 -0.0643 18,267 2 RecycleNet Corp
11:59:55 GCEH 0.0150 0.0000 0.0000 85,410 8 Global Clean Energy Holdings Inc
09:32:45 GCEI 0.0600 -0.0100 -0.1429 25,200 2 Global Clean Energy Inc
14:28:39 GCHK 0.0480 -0.0020 -0.0400 105,135 14 Greenchek Technology Inc
12:15:29 GMXS 0.0700 0.0000 0.0000 27,500 6 Gemini Explorations Inc New
11:11:01 GNPG 0.0460 -0.0020 -0.0417 20,000 2 Green Planet Group Inc
15:53:04 GOVX 0.1300 0.0025 0.0196 269,350 39 GeoVax Labs Inc
13:18:07 GPAX 0.0300 0.0000 0.0000 108 1 GVC Venture Corp
15:49:09 HEWA 0.1300 0.0150 0.1304 35,550 8 HealthWarehouse com Inc
15:55:00 HWSY 0.1500 0.0200 0.1538 154,933 20 Hawk Systems Inc
15:34:33 ICPR 0.1170 -0.0010 -0.0085 71,100 17 ICP Solar Technologies Inc
15:46:58 ICRD 0.0250 0.0000 0.0000 16,000 1 International Card Establishment Inc
15:40:44 IEVM 0.0500 0.0000 0.0000 100,000 4 Integrated Environmental Technologies Ltd
14:28:23 ILNS 0.0800 -0.0100 -0.1111 10,457 2 Intellect Neurosciences Inc
14:13:23 IMRX 0.0150 0.0020 0.1538 17,000 1 ImaRx Therapeutics Inc
13:03:50 INKS 0.1000 -0.0100 -0.0909 21,000 5 Inksure Technologies Inc
12:12:20 IOPM 0.0150 0.0000 0.0000 15,000 3 Intraop Medical Corporation
10:45:17 IXEH 0.1000 -0.0100 -0.0909 19,800 4 IX Energy Holdings Inc
15:59:10 KBLB 0.0159 -0.0011 -0.0647 298,750 16 Kraig Biocraft Laboratories Inc
10:02:03 LBUV 0.0550 0.0000 0.0000 2,000 1 Laburnum Ventures Inc New
13:27:01 LCPM 0.0300 0.0000 0.0000 10,998 2 Liberty Capital Asset Management Inc
13:07:21 LFXG 0.1100 0.0000 0.0000 8,000 2 Life Exchange Inc
15:34:12 MBKR 0.0500 -0.0500 -0.5000 2,114 1 MortgageBrokers com Holdings Inc
14:48:42 MFGD 0.1599 -0.0001 -0.0006 27,565 8 Money4Gold Holdings Inc
15:18:08 MGUY 0.0220 -0.0030 -0.1200 15,000 2 Mogul Energy International Inc
09:34:01 MHBC 0.0110 0.0000 0.0000 1,100 1 Michigan Heritage Bancorp Inc
15:33:12 MMRF 0.0950 0.0050 0.0556 259,298 34 MMR Information Systems Inc
15:36:46 MNCN 0.1150 0.0025 0.0222 139,000 11 Mach One Corporation New
15:43:10 MOSH 0.1300 0.0074 0.0604 47,253 11 Mesa Offshore Trust
16:01:41 MZEI 0.1150 0.0250 0.2778 238,600 23 Medizone International Inc
15:34:16 NEIK 0.0600 -0.0100 -0.1429 20,000 1 Northstar Electronics Inc
15:53:33 NIVM 0.1500 0.0100 0.0714 134,892 21 National Investment Managers Inc
14:22:19 NOBV 0.1300 -0.0500 -0.2778 2,650 1 Noble Innovations Inc New
15:53:13 NPDT 0.0305 -0.0005 -0.0161 230,000 9 Newport Digital Technologies Inc
14:02:02 NTFL 0.0500 -0.0100 -0.1667 5,500 2 Network 1 Financial Group Inc
15:36:48 NUBL 0.0142 -0.0008 -0.0533 201,424 9 Numobile Inc
11:29:43 OMAG 0.1150 0.0050 0.0455 25,500 2 Omagine Inc
12:10:49 PDHO 0.0600 0.0050 0.0909 15,000 2 Paradigm Holdings Inc
14:43:46 PEYG 0.0550 -0.0075 -0.1200 3,000 2 Pluris Energy Group Inc
16:09:08 PSPW 0.0800 0.0020 0.0256 35,000 5 Prime Sun Power Inc
15:33:45 PSWS 0.0605 -0.0094 -0.1345 62,984 10 PureSafe Water Systems Inc
10:41:54 PUMDW 0.1800 0.0000 0.0000 5,850 2 ProUroCare Medical Inc
14:26:58 PURO 0.0310 0.0010 0.0333 142,268 15 Purio Inc
14:28:05 RGBL 0.0700 0.0050 0.0769 186,720 19 RG Global Lifestyles Inc
11:27:51 RMLX 0.0250 0.0000 0.0000 25,000 1 Roomlinx Inc
13:27:55 ROYE 0.2000 0.0000 0.0000 6,950 3 Royal Energy Resources Inc
14:46:46 SCEY 0.0250 0.0000 0.0000 10,880 5 Sun Cal Energy Inc
15:14:35 SCVM 0.1000 0.0000 0.0000 5,000 1 Scivanta Medical Corp
13:50:52 SGOG 0.0140 0.0000 0.0000 11,120 3 Sterling Oil
10:50:22 SGUI 0.1400 0.0300 0.2727 1,000 2 Sanguine Corp New
12:49:36 SLNM 0.1400 0.0000 0.0000 950 1 Salon Media Group Inc New
14:50:31 SLXN 0.0431 0.0001 0.0023 3,522 2 Sielox Inc
09:58:36 SMME 0.0600 -0.0290 -0.3258 5,000 2 SmartMetric Inc
15:52:55 SPKL 0.1450 -0.0100 -0.0645 78,850 15 Spicy Pickle Franchising Inc
15:56:49 SSEY 0.1600 0.0000 0.0000 51,505 14 Southern Star Energy Inc New
15:55:18 SSKY 0.0700 0.0000 0.0000 21,000 2 Sea 2 Sky Corporation
12:38:51 SUNV 0.0700 -0.0010 -0.0141 196,499 22 Sunovia Energy Technologies Inc
10:33:52 TALN 0.0510 -0.0010 -0.0192 8,000 2 Talon International Inc
15:12:22 TDCP 0.0100 -0.0010 -0.0909 567,000 10 3D Icon Corporation
12:13:40 TGLN 0.0150 0.0010 0.0714 102,400 8 TBC Global News Network Inc
10:56:50 TRIS 0.1700 0.0000 0.0000 400 1 Tri S Security Corp
13:02:16 TVEN 0.0150 -0.0040 -0.2105 55,000 4 Terrace Ventures Inc
15:57:30 UFFC 0.1100 0.0000 0.0000 21,970 8 UFood Restaurant Group Inc
16:01:53 UPBS 0.0295 0.0095 0.4750 515,614 50 Upstream Biosciences Inc
10:53:46 USCS 0.0500 -0.0050 -0.0909 4,950 1 USCorp
12:11:59 UVTC 0.0700 0.0000 0.0000 5,000 1 Uventus Technologies Corp
13:48:12 VCST 0.1800 0.0000 0.0000 16,155 5 ViewCast com Inc
15:59:45 VOYT 0.0100 0.0002 0.0204 633,500 22 Voyant International Corporation
15:45:43 VTPI 0.0500 -0.0030 -0.0566 95,500 22 Vital Products Inc New
15:18:56 WSHE 0.0300 0.0050 0.2000 150 1 Westsphere Asset Corporation
10:16:23 WUFG 0.0380 0.0000 0.0000 1,000 1 Why USA Financial Group Inc
10:56:59 WWAG 0.1100 0.0030 0.0280 1,603 3 WWA Group Inc
13:14:14 WWEI 0.0150 0.0000 0.0000 118,500 6 Welwind Energy International Corporation
12:15:26 XNYH 0.1600 -0.0100 -0.0588 36,120 7 Xinyinhai Technology Ltd
15:54:58 XSNX 0.1110 0.0010 0.0091 324,287 49 Xsunx Inc
15:59:26 YASH 0.1000 -0.0140 -0.1228 6,589,000 576 Yasheng Eco Trade Corp
15:31:51 YTBLA 0.0800 0.0020 0.0256 76,996 27 YTB International Inc
14:39:00 ZLDV 0.0600 -0.0190 -0.2405 22,000 5 Zaldiva Inc
Nice list Tony.
WLSA: Video Technical Analysis 09.04.09
As higher lows institute on increasing volume, the price may attempt breaking past resistance at $0.12, $0.15, accordingly. Bullish accumulation taking place between the CMF, Accum/Dist, and On Bal Vol. My thoughts and analysis follow.
Link to video chart: http://timelesswealth.net/ta/wlsa1.html
WLSA: Video Technical Analysis 09.04.09
As higher lows institute on increasing volume, the price may attempt breaking past resistance at $0.12, $0.15, accordingly. Bullish accumulation taking place between the CMF, Accum/Dist, and On Bal Vol. My thoughts and analysis follow.
Link to video chart: http://timelesswealth.net/ta/wlsa1.html
Video Technical Analysis 09.04.09
As higher lows institute on increasing volume, the price may attempt breaking past resistance at $0.12, $0.15, accordingly. Bullish accumulation taking place between the CMF, Accum/Dist, and On Bal Vol. My thoughts and analysis follow.
Link to video chart: http://timelesswealth.net/ta/wlsa1.html
Thank you, John mentioned it just a few minutes ago as we spoke over the short-term events to follow. He's proposing a conference call within the next few weeks, the deliberation is when he can include some new developments in Connecticut and unveil strategic partners in the context.
His efforts in contacting and meeting with major brokers, institutional and accredited investors, could place shareholder value on the fast-track to astronomical value, succeeding Labor Day.
Momentum has its way in the equity markets...
WLSA: The $300,000,000 project in Connecticut.
On the evening of the 1st of September, I spoke with John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WLSA). Simmonds and business partner Jordan Oxley, President Sunbay Energy Corp., were pleased that their conferences in Connecticut had concluded in such a favorable manner. Their multi-billion dollar enterprise partners were competing against one another as to whom majority stake in the project would belong. In conclusion, subsequent to formal documentation, operations could potentially commence in the next ninety (90) days. In the given event, Simmonds made it clear that Wireless Age Communications, Inc. would be positioned for a fourth quarter (Q4) 2009 profit in the seven figures.
The Governor of Connecticut stated that if a technological solution to the treatment of ash created during incineration is not determined, these multi-billion dollar enterprises’ business would be forced to shut down due to controversy and repercussions surrounding incineration. Wireless Age Communications, Inc, would profit through the resale of plasma torch technology as well as established operations in Connecticut with the recycling of ash through plasma gasification technology. As emphasized in our previous newsletter , it is in the best interest of these government organizations that their business in the state of Connecticut survives. They are therefore fast-tracking any technological solutions to keep their business alive. Realizing the advantage to plasma gasification, they have chosen to conduct business with Wireless Age Communications, Inc.
Simmonds stressed the importance of the upcoming name and symbol (ticker) change in the month of September. Wireless Age Communications, Inc. announced their title would be changed to Sunbay Energy America . Besides the legal fixture, Sunbay Energy America represents Wireless Age Communications’ transition from a development stage company to a renewable energy enterprise offering North America the unmet demand of plasma gasification technology through massive contracts and proposed projects. A new identity for a business with high expectations would best describe the name change.
Investor relations, marketing campaigns, and transparency will follow Sunbay Energy America ’s announcement of their three hundred million ($300,000,000) dollar project in Connecticut . Directors of the company would be marketing Sunbay Energy America (currently Wireless Age Communications, Inc.) to accredited and institutional investors as well as major brokers throughout North America . The company’s addition of Jordan Oxley and Albert Pope as Directors of the company would ascertain credibility.
Albert A. Pope, Director of Corporate Development XTnrgy, is a veteran senior executive with extensive experience in international finance, investment, business management, strategic business development and private equity investment. He has held senior executive positions at Deltec Securities, J.P.Morgan Corporate Finance - Merger & Acquisition Group, and as President of Montenay Energy. He has also served as a consultant on energy matters to both US and foreign government entities. For the past seventeen years, he has been active as a private equity investor in the USA , as well as Europe , Latin America , and Asia . Mr. Pope is a graduate of Harvard University . Source.
Nearing the end of our conference, Simmonds and Oxley both assured me that credibility to these projects and contracts would be realized through professional journals, articles, and newspaper coverage, let alone press releases. Their time would be greatly dedicated towards further meetings in Connecticut and the structuring of this multi-million dollar project. Through these efforts, John Simmonds continues to believe the value mandatory for listing on a higher exchange will be met.
http://timelesswealth.net/alert_09022009.html
The $300,000,000 project in Connecticut.
On the evening of the 1st of September, I spoke with John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WLSA). Simmonds and business partner Jordan Oxley, President Sunbay Energy Corp., were pleased that their conferences in Connecticut had concluded in such a favorable manner. Their multi-billion dollar enterprise partners were competing against one another as to whom majority stake in the project would belong. In conclusion, subsequent to formal documentation, operations could potentially commence in the next ninety (90) days. In the given event, Simmonds made it clear that Wireless Age Communications, Inc. would be positioned for a fourth quarter (Q4) 2009 profit in the seven figures.
The Governor of Connecticut stated that if a technological solution to the treatment of ash created during incineration is not determined, these multi-billion dollar enterprises’ business would be forced to shut down due to controversy and repercussions surrounding incineration. Wireless Age Communications, Inc, would profit through the resale of plasma torch technology as well as established operations in Connecticut with the recycling of ash through plasma gasification technology. As emphasized in our previous newsletter , it is in the best interest of these government organizations that their business in the state of Connecticut survives. They are therefore fast-tracking any technological solutions to keep their business alive. Realizing the advantage to plasma gasification, they have chosen to conduct business with Wireless Age Communications, Inc.
Simmonds stressed the importance of the upcoming name and symbol (ticker) change in the month of September. Wireless Age Communications, Inc. announced their title would be changed to Sunbay Energy America . Besides the legal fixture, Sunbay Energy America represents Wireless Age Communications’ transition from a development stage company to a renewable energy enterprise offering North America the unmet demand of plasma gasification technology through massive contracts and proposed projects. A new identity for a business with high expectations would best describe the name change.
Investor relations, marketing campaigns, and transparency will follow Sunbay Energy America ’s announcement of their three hundred million ($300,000,000) dollar project in Connecticut . Directors of the company would be marketing Sunbay Energy America (currently Wireless Age Communications, Inc.) to accredited and institutional investors as well as major brokers throughout North America . The company’s addition of Jordan Oxley and Albert Pope as Directors of the company would ascertain credibility.
Albert A. Pope, Director of Corporate Development XTnrgy, is a veteran senior executive with extensive experience in international finance, investment, business management, strategic business development and private equity investment. He has held senior executive positions at Deltec Securities, J.P.Morgan Corporate Finance - Merger & Acquisition Group, and as President of Montenay Energy. He has also served as a consultant on energy matters to both US and foreign government entities. For the past seventeen years, he has been active as a private equity investor in the USA , as well as Europe , Latin America , and Asia . Mr. Pope is a graduate of Harvard University . Source.
Nearing the end of our conference, Simmonds and Oxley both assured me that credibility to these projects and contracts would be realized through professional journals, articles, and newspaper coverage, let alone press releases. Their time would be greatly dedicated towards further meetings in Connecticut and the structuring of this multi-million dollar project. Through these efforts, John Simmonds continues to believe the value mandatory for listing on a higher exchange will be met.
http://timelesswealth.net/alert_09022009.html
WLSA: after a period of consolidation, could price breakout follow in the month of September?
WLSA: Name change to Sunbay Energy America in the month of September. Several projects worth hundreds of millions of dollars to be announced shortly afterwards. Multi-billion dollar partners warmly adopt Wireless Age Communications, Inc. into the renewable energy sector.
Wireless Age to Change Name to Sunbay Energy America
TORONTO, ONTARIO--(Marketwire - Aug. 19, 2009) - Wireless Age Communications, Inc. (PINK SHEETS:WLSA), ("Wireless Age" or "the Company") announced today that it intends to change its name to Sunbay Energy America Inc.
As announced on August 11, 2009, the Company has entered into an agreement to acquire a 60% interest in a development stage plasma gasification project proposed to be built in Port Hope, Ontario, Canada and the exclusive rights to participate in plasma gasification projects in the United States of America. The Company believes that the new name has valuable brand recognition and is better reflective of the proposed new business direction.
The acquisition and the name change are subject to various conditions precedent, including regulatory and board of directors' approval. The Company anticipates that the process to formalize the name change will take up to 60 days.
>
WLSA: Name change to Sunbay Energy America in the month of September. Several projects worth hundreds of millions of dollars to be announced shortly afterwards. Multi-billion dollar partners warmly adopt Wireless Age Communications, Inc. into the renewable energy sector.
Wireless Age to Change Name to Sunbay Energy America
TORONTO, ONTARIO--(Marketwire - Aug. 19, 2009) - Wireless Age Communications, Inc. (PINK SHEETS:WLSA), ("Wireless Age" or "the Company") announced today that it intends to change its name to Sunbay Energy America Inc.
As announced on August 11, 2009, the Company has entered into an agreement to acquire a 60% interest in a development stage plasma gasification project proposed to be built in Port Hope, Ontario, Canada and the exclusive rights to participate in plasma gasification projects in the United States of America. The Company believes that the new name has valuable brand recognition and is better reflective of the proposed new business direction.
The acquisition and the name change are subject to various conditions precedent, including regulatory and board of directors' approval. The Company anticipates that the process to formalize the name change will take up to 60 days.
>
A.S.A.P. The incinerator in Hartford, Connecticut is literally cornered. They need to ensure productivity before the deadline is reached. Simmonds suggested production may begin in as little as 90 days. Refer back to my peice on the RRFs in Connecticut, it should provide some key background information.
The line is certainly not drawn in Connecticut nor Port Hope, Ontario, as I would expect one project worth hundreds of millions to follow after the next...
The market has absolutely no idea how large this project in Connecticut truly is imho.
Yes, I will make it a priority.
VG ~ ($1.70) seeking rebound intraday...
FNM ~ ($1.38) rebounding nicely...
Unfortunately these threads aren't equipped with a measure of excitement in one's post(s). Simmonds and Oxley relayed some incredible aspects to their projects and the deal in Connecticut. I may add some shares before week's end onto another account for a hold.
WLSA: Simmonds and Oxley accomplished a crucial conference in Connecticut this afternoon. Between the two massive government organizations, both want a controlling stake in the project and are competing against one another for such position. The incinerator is left with no choice but to adopt a technological solution to the ash it has been producing. That's where Wireless Age comes in with plasma gasification technology. Operations in the United States could potentially commence in the next 90 days, as Simmonds mentioned the meeting went better than expected. The deal would turn Wireless Age Communications, Inc. a fourth quarter 2009 profit in the seven figures. More on this tomorrow via. my newsletter. I'll take the evening to organize some of my thoughts following the conversation. Overall: one of the most effective conversations to date.
Simmonds and Oxley accomplished a crucial conference in Connecticut this afternoon. Between the two massive government organizations, both want a controlling stake in the project and are competing against one another for such position. The incinerator is left with no choice but to adopt a technological solution to the ash it has been producing. That's where Wireless Age comes in with plasma gasification technology. Operations in the United States could potentially commence in the next 90 days, as Simmonds mentioned the meeting went better than expected. The deal would turn Wireless Age Communications, Inc. a fourth quarter 2009 profit in the seven figures. More on this tomorrow via. my newsletter. I'll take the evening to organize some of my thoughts following the conversation. Overall: one of the most effective conversations to date.
Mongolia: Mining's Next Big Thing?
Hard Assets Investor September 01, 2009 | about: RTP
By Lara Crigger
With its rich deposits of natural resources, you'd think by now Mongolia would be higher on the mining radar. But this impoverished, agrarian country entirely missed out on the recent worldwide mining boom, stymied by its own overzealous legal restrictions and a government hungry for an ever-greater share of mining profits.
However, it looks like things may finally be turning around for Mongolia. Last Tuesday, the country's parliament revoked four 2006 mining laws, a move that could finally kick-start development of Mongolian mining—starting with the much-delayed (and much-anticipated) Oyu Tolgoi project.
So could Mongolia become the next mining mega-star? Or will its government again be its own worst enemy?
Windfall Tax Revoked
In particular, the new legislation revokes a draconian windfall profits tax, which exacted a 68% tax on Mongolian copper and gold. The levy applied to any copper sold above $2,600/ton and any gold sold above $500/ounce. (For comparison's sake: Copper now trades around $6,470/ton on the LME; gold currently hovers around $960/ounce.)
Another revoked law gave the regime a 34% stake in mines explored without government funding—and a 50% share in projects that had such funding.
Intended to allow the government to capitalize on the high metals prices during the boom, the 2006 laws worked a little too well, scaring off many investors interested in the country's resources.
That was bad news for Oyu Tolgoi, one of Mongolia's more promising deposits. Owned by Ivanhoe Mines (TO: IVN) and Rio Tinto (NYSE: RTP), Oyu Tolgoi is a gold and copper treasure trove located in the Gobi desert, just north of the Chinese border. In March 2008, Ivanhoe estimated the mine held 45.2 million ounces of gold and 78.9 billion pounds of copper—nearly 3% the world's total supply.
And that's not all Mongolia has to offer. The country also possesses significant uranium and coking coal deposits—and, of course, more copper and gold.
A Change Of Heart
Under Parliament's new deal, the windfall tax is thrown out, and the government gets a flat 34% stake in Oyu Tolgoi and other mines. It can raise that share 50% after 30 years, once the two miners have recouped their initial investment of about $4 billion.
This legislation puts the government in a good position to now sign investment agreements with Ivanhoe and Rio Tinto—which could happen any day now. Just last week, Finance Minister Sangajav Bayartsogt told MarketWatch that he expected an agreement to be finalized over the next two weeks.
Of course, we've seen all this before: Negotiations surrounding Oyu Tolgoi stretch back as far as 2003, but something has always prevented an investment deal from being signed—most recently, the 2006 taxes.
This time, however, the deal's expected to stick, given a change in political priorities. In June 2008, the Mongolian People's Revolutionary Party swept the elections, gaining 76 seats in Parliament; the resulting coalition government has placed higher priority on developing Mongolia's mineral resources, reopening negotiations with Ivanhoe and Rio Tinto.
Oyu Tolgoi would be Mongolia's first major mining project—and what a doozy it would be. With production slated to begin in 2013, the mine is estimated to produce 450,000 tons of copper and 330,000 ounces of gold annually for the next 45 years.
That could almost double the country's GDP, currently about $5 billion annually, says John Finigan, CEO of Mongolia's Golomt Bank.
"Predicated on this decision, Mongolia will generate the highest rate of growth of GDP of any country in the world over the next 10 years," he told Reuters. "This is transformational."
Developing Mongolia
Should Mongolia's mining industry rev up, its neighbors could benefit—especially China.
Mongolia is rich in coking coal, unlike China, whose steelmakers have had to import ever-rising amounts from far-away Australia instead. According to the World Bank, by 2015, Mongolia could export about 20 million tons of coking coal to its neighbor, with overall coal exports topping 45 million tons. (That's up from only 5 million tons at present.)
China also would be a natural choice for Mongolian copper exports, as the country's imports more than doubled to 1.78 million metric tons in the first half of the year, reported Bloomberg.
Coking coal exports could bring in an added $2 billion each year for Mongolia; add that to the $3 billion expected from Oyu Tolgoi, and suddenly, things are looking up for Mongolia miners.
But China isn't the only neighbor with an eye on Mongolian exports. Recently Russian president Dmitry Medvedev visited the country, settling, among other deals, a joint venture to mine the Dornod uranium deposit.
"Everybody has been waiting for this deal," Yuji Iwasaki, COO of investment bank Frontier Securities, told Reuters.
Some have predicted that a mining boom could initiate an economic renaissance in Mongolia, a country where a full one-third of the population is in poverty. Like many other countries, Mongolia suffered a credit crunch last year, where banks cut lending and the government spent its foreign reserves to support its currency.
But that might be jumping the gun, says Arshad Sayed, the World Bank's country manager in Mongolia. "The economy had almost gone into cardiac arrest by the beginning of this year," he told Reuters. "This agreement has revived it, but you can't expect it to start running immediately. It's too early to call victory right now."
Investors looking to play a potential Mongolian mining boom have few pure-play options available to them yet (although they can always purchase shares of Ivanhoe and Rio Tinto). If Mongolia does become a resources powerhouse, however, more opportunities could arise very soon, either in a country-based ETF or greater representation in mining ETFs.
Brazilian Banking: A Two Horse Race.
by: Paul Harper September 01, 2009 | about: BBD / ITUB
Brazilian banks have been on a tear this year, with both Itau-Unibanco (ITUB) and Banco de Bradesca (BBD) returning more than 100% year to date. Economists think Brazil is coming out of its recession, with The Economist stating that the country could see a return to 4%-5% in 2010, as Brazil is less dependent on the US as an export market and is forging ties in Asia, notably with China, on energy accords.
Over the last month however, ITUB and Bradesco, respectively the number 1 and 2 private banks, have been dragging, due to overall negative sentiment on Brazil in August, which has not been helped by President Lula's much discussed plan for the government to take greater control of oil reserves via the worlds fourth largest oil company Petrobras (PBR), which has seen some investors pulling back on Brazilian ADRs.
There are reasons to be bullish however, as Finance Minister Guido Mantega commented last week that Moody’s Investors Service is signalling that it may upgrade Brazil to investment grade. The banking system has been going through a wave of consolidation, with state owned Banco de Brasil jostling with ITUB and Bradesco for the top spot, all helped along by an 8.5% interest rate.
Bradesco has done well with it's half year results, beating analyst estimates, mainly propped up by its sale of a partial stake in VisaNet, the Brazilian Visa (V) affiliate, which provided the bank with a much needed $1.5Bn cash injection. Bradesco still retains a 26.5% stake in VisaNet after the IPO.
"The worst might be over in terms of defaults," Chief Executive Luiz Carlos Trabuco Cappi said in a conference call with journalists. "With the formal economy and wages growing, the trend for default rates after reaching the peak is to edge lower."
Similarly, Itau-Unibanco had a healthier than expected half year, with profits only dropping by 14%, mainly due to bad debt provisions, which had doubled on 2008. Lending is expected to expand 10% to 15% in 2009 and should grow as much as 25% next year as Brazil emerges from recession, Chief Financial Officer Silvio de Carvalho said in a conference call with journalists.
"We have clear signs that credit has become an important factor in the economic recovery now underway," Carvalho said. "Everything leads us to believe that the crisis is behind us."
Looking at both of these stocks, they have both been recording higher lows and higher highs for the last 6 months, which to me makes them an attractive prospect. Add in the positive sentiment from Moody's, Fitch and Standard & Poor regards the Brazilian economy and there is certainly a feeling of comfort there.
Looking at ITUB in particular, their ambitions to become a full service provider in all aspects of financial services took a step further last week when the bank merged it's fledgling insurance business with specialist firm Porto Seguro, allowing it to now offer health and life insurance products to its 50 million customer base, this only 3 days after Bradesco and Porto had ended similar talks.
"The two companies have a lot to explore together," said Kelly Trentin, a banking analyst at the SLW brokerage in Sao Paulo. "Financial stability in Brazil and rising family income make it more likely that people will look for more insurance products."
So for me, Itau-Unibanco is the horse to back in this race right now.
Newspapers: Seeking the Original Sin.
by: Jeff Jarvis August 31, 2009
Like priests looking for someone to sacrifice, Alan Mutter, Steve Buttry, Howard Owens, and Steve Yelvington have been on the lookout for the sin that led newspapers astray. For Mutter, it’s not charging; for Buttry, it’s not innovating; for Owens, it’s tying online dingies to print Titanics (my poetic license); for Yelvington, it’s inaction.
But I think Owens hit on it when he wrote this: “I realized I needed to flip the expense/revenue picture upside down. Instead of thinking about how to generate more cash, I needed to figure out how to create a news operation that could exist profitably based on a reasonable expectation for local online revenue.”
Right. In other words, the sin was not running a business. It was not creating a sustainable P&L.
Newspapers have been too busy trying to protect specific budget lines that protected specific interests – the size of the newsroom, the ego expressed in gross revenue that yields stock performance and salary bonuses, the size of unionized staffs (up or down), the rules that governed advertising relationships even as they disappeared. They made preservation their mission.
What they should have done instead is rethink the bottom line: How is journalism going to be sustainable in new business realities?
Said Owens: “In a market where the newspaper newsroom might cost $10 million, I knew how to make $1 million online, or even $2 million, but I didn’t know — and still don’t — how to make $10 million. So if I can make a million online, why do I need to operate a $10 million newsroom, especially given the greater efficiencies of online publishing?”
He built a realistic budget based on new business realities. Now picture news executives across the country hitting themselves on the head saying, “Damn, why didn’t we think of that?” They should have. But to do so would have required them to completely tear apart their businesses. Witness Detroit, banking, retail, advertising, insurance, and every other industry undergoing upheaval – nobody wants to do that.
Just as the bloggers linked above took their share of blame, so will I. Owens suggests that the problem with tying old and new operations together. At Advance, where I worked for a dozen years, we created separate online companies, which had some benefits: enabling the sites to build what was right for online (that is, interactivity), creating real value for advertising (rather than throwing in online as value-added), creating smaller and differently skilled staffs. But it also created problems: sites that were dependent on newspaper content, rivalries that killed collaboration and limited the responsibility anyone would take for the future. In the end, everyone needed to rethink what they were creating and what value it had, how they were creating it, how they related to their communities, and how the business could be run. But I didn’t see that happening anywhere in the industry. Everywhere, I saw people looking for someone to blame and somewhere to hide. I don’t put all the blame on the individuals because that’s how companies and industries operate.
Individuals who want to succeed in this upheaval become entrepreneurs. That’s what Owens – and many others – are doing. That, I’ve come to see, is the basis of the future of news.
In our New Business Models for News Project at CUNY, we threw out the old business assumptions with the old business. That’s why we tried to answer the tough question people were asking: What happens to journalism if the paper disappears? (their implied answer was that journalism does, too). What we came up with was one entity being replaced by well more than 100 entities – 1,000 entities, perhaps – each run according to new opportunities and needs, each smaller, each contributing real value, each sustainable (some very profitable; some choosing no profit). Everyone in this ecosystem has to think about running a business rather than preserving one.
Someone else looking for sinners is James Murdoch, whose MacTaggart Lecture at the Edinburgh Television Festival excoriated the BBC for bigfooting the news market in the UK and the government for enabling it and for regulating everybody else. I agree with him to an extent, this extent: that profit, in his words, will make journalism sustainable, independent, and innovative.
Except I doubt that this sustainable, independent, and innovative journalism will necessarily come from Mr. Murdoch’s father’s business and its cohorts because they are the ones that even today are trying to maintain the scale and models for their old businesses rather than inventing new ones. Look, instead, to the entrepreneurs who are starting over and rethinking the business from the bottom up, as Owens is.
Oil climbs back above $70.
Crude gets a boost from higher stock markets and upbeat Chinese manufacturing data, ahead of two US reports.
September 1, 2009: 7:50 AM ET
LONDON (Reuters) -- Oil climbed back above $70 a barrel on Tuesday as stock markets rallied and manufacturing sector data suggested China's economic recovery was on track.
Oil prices fell almost 4% on Monday, their biggest drop in more than two weeks, in line with stocks on worries that the Chinese government was tightening bank lending to moderate growth and curb speculation.
Traders said they were looking ahead to the release of a key gauge of U.S. manufacturing activity in August and weekly crude inventory data later on Tuesday, both of which were expected to show a rebound in the U.S. economy and oil consumption.
U.S. crude for October delivery was up 46 cents at $70.42 a barrel.
China and Hong Kong share markets steadied on Tuesday, staying range-bound after a rout on Monday, as positive manufacturing data put the spotlight on the mainland's still robust economic recovery story.
China's official purchasing managers' index (PMI) for August inched up to 54.0 from July's 53.3, a 16-month high. It was the sixth straight month that the official PMI stood above 50, indicating an expansion of activity in the manufacturing sector. The PMI hit a record low of 38.8 in November.
"The Chinese industry data supplied a bit of hope," said Eugen Weinberg, analyst at Commerzbank.
"I don't see a strong recovery in the oil price, just a small rise. It's an attempt to reverse the massive price drop. But the risk factors ... freight rates, a weak stock market, possibly also a stronger dollar and weak equity markets in Europe today indicate prices are likely to fall."
In the United States, the Institute for Supply Management's manufacturing gauge is expected to have risen to 50.5 in August from 48.9 in July, which would bring it above 50 indicating the sector is expanding for the first time since the recession began, a Reuters poll of economists showed.
Weekly oil inventory data from the American Petroleum Institute (API) is also due. U.S. crude stocks likely fell 400,000 barrels last week, helped by a rise in refinery utilization, a preliminary Reuters poll of analysts showed.
The Energy Information Administration (EIA) will release its own data on Wednesday.
Traders said light crude oil futures appeared to be fairly comfortable within a range between $68 and $75 per barrel and taking short-term direction from oil inventory figures and economic data.
"Despite the sell-off, [U.S. crude's] trading range remains intact," broker MF Global said in its daily note to clients.
On the supply front, the Organization of the Petroleum Exporting Countries is likely to leave output targets unchanged when it meets to consider oil output policy on Sept. 9 in Vienna, several ministers and officials have said.
Even though OPEC agreed to 4.2 million barrels per day of supply curbs late last year, and has kept output targets steady so far in 2009, actual production has been rising in recent months, according to industry surveys.
HMPR: Video Technical Analysis.
Strong volume spurred the price late on Monday's trading session. Reversal pattern seeks to form following a two month long downtrend. My thought and analysis follow.
Link to video chart: http://www.timelesswealth.net/hmpr.html
HMPR: Video Technical Analysis.
Strong volume spurred the price late on Monday's trading session. Reversal pattern seeks to form following a two month long downtrend. My thoughts and analysis follow.
Link to video chart: http://www.timelesswealth.net/hmpr.html
TimelessWealth.net issues technical trading idea with Hampton Roads Bankshares Inc., stock symbol HMPR ($3.04).
Following a two month long downtrend, Monday’s trading session was the first preeminent sign of reversal Hampton Roads Bankshares Inc. has seen since peaking at $9.90 in late June. Strong volume poured in nearer the end of the trading session, indicating strength in the market and assisting the price past intraday resistances.
Hampton Roads Bankshares Inc. (HMPR) exercised signs of reversal which are covered in our video edition of technical analysis: http://www.timelesswealth.net/hmpr.html. We encourage you review this video to understand the basic signals we use to determine potential reversal candidates.
Hampton Roads Bankshares is a financial holding company that was formed in 2001 and is headquartered in Norfolk, Virginia. "Our primary subsidiaries are Bank of Hampton Roads, Shore Bank and Gateway Bank & Trust Co. We are a full service banking and financial services organization focused on delivering above average returns to our shareholders and superior products and service to our customer base. Through sixty-three office locations, our banks operate in some of the most dynamic markets in Virginia, North Carolina and Maryland".
On August 19th, 2009 Hampton Roads Bankshares Inc. relieved the market by withdrawing a proposed public offering of up to 32,500,000 shares of its common stock. Simply put, the company chose not to dilute the market. That announcement was key.
Per their quarterly report the company had 21,868,924 shares issued and outstanding as of July 31st, 2009. Per yahoo finance , as well as shortsqueeze.com the float is 18,460,000 shares, with 1,840,300 shares short, meaning the security is 10% short.
Book value per common share is $7.54, representing a potential return on investment (ROI) of 148% from Monday’s trading session’s close ($3.04).
Market Capitalization is $66,481,529, insignificant for a bank of this proportion. Their balance sheet reads more cash than their current market cap, with cash per share value of $3.88. To add, Hampton Roads Bankshares Inc. is not on the new FDIC list of problematic banks.
We strongly encourage you review this trading idea with further research. Our report is designed to cover key technical and fundamental concepts while providing a starting point with due diligence material. Regarding our undervalued investment opportunity with Wireless Age Communications, Inc. (WLSA), we believe the month of September will be a breaking point for the company and will reflect about the security with enhanced shareholder value. All the best.
Sincerely,
Edward Stevenson
Timeless Wealth Staff.
Absolutely, first thing in the morning.
Thank you.
Natural Gas ETF: The Short-Term Story.
by: Fred Pollack August 30, 2009 | about: UNG
This is just an update on the Natural Gas ETF (UNG); I'll assume that you understand the basics which I described last week (see U.S. Natural Gas ETF: What You Need to Know).
Over the last week (8/21 to 8/28), the spot price of natural gas (Henry Hub) dropped from $2.80/MMBtu to $2.50, the October futures contract dropped from $3.22 to $3.03, UNG’s stock price dropped from $11.35 to $11.13, and UNG’s NAV dropped from $9.94 to $9.35.
So UNG is now selling at a 19% premium over its NAV [(11.13-9.35)/9.35)], vs. 14% a week ago.
Over the next three weeks, the price of the October futures contract (which is what UNG holds) will get within a few cents of the spot price – on August 21st, the September contract was just $0.02 above the spot price. I’ll assume 3 cents for mid-September.
So, if the spot price moves from $2.50 to $3.00 (i.e. over the next 3 weeks), the October futures price remains unchanged, and UNG’s NAV also will remain unchanged.
On the other hand, if the October futures contract drops to 3 cents above the current spot price (i.e. to $2.53), UNG’s NAV will drop from $9.35 to $7.81. If UNG gets out of its regulatory box with the CFTC (possible, but unlikely to happen over the next 3 weeks), UNG’s market price will align with its NAV.
Over the long-term, a natural gas price of $2.50 is not sustainable. However, over the short term, next 2 months, it is a different story. In the DOE’s weekly storage report (Thursday, 10:30AM), the amount of natural gas in storage (3,258 Bcf) is way above the 5-year historical range for this time of year.
The record amount in storage was on Nov. 2, 2007, at 3,545 Bcf. Friday’s Bloomberg article (Natural Gas to Fall as Weak Demand Bolsters Supply):
Supplies may reach 3.9 trillion cubic feet, which would be near U.S. storage capacity, according to Energy Department data.
Because it is cooler in September and October, these are months when significant amounts of gas are put in storage.
Also, here are a few quotes from DOE's Natural Gas Weekly Update.
At 3,258 Bcf, working gas stocks are about 7 weeks ahead of the normal fill rate, exceeding the 5-year average (2004-2008) level of 3,242 Bcf for October 9.
[...]
Warmer-than-normal temperatures in most of the Census Divisions in the lower 48 States during the week ended August 20, 2009, likely contributed to the below-normal level of injections into storage. Based on the National Weather Service’s degree-day data, temperatures in the lower 48 States during the week were, on average, more than 2 degrees warmer than normal and 3 degrees warmer than last year’s levels.
So, given the supply/demand and storage situation, it is difficult to make a bullish case for the natural gas spot price over the next two months.
Perhaps the only thing that could change the equation would be a major hurricane in the Gulf, and we are just now entering prime hurricane season. Currently, there are no near term threats (National Hurricane Center).
A more likely situation is a piling into UNG stock to reach an ungodly premium to NAV (i.e. similar to what happened to AIG, FNM, and FRE over the last week).