Increasing price and volume after going as low as 50 cents.
Production forecast of 1500 BOE likely to be surpassed by year end given the recent ( October 2011 ) production update.
TARGET one year out from GMP $ 2.50 - as per March 2011 analysis.
Sunday, October 16, 2011
Sunday, March 14, 2010
Jack A. Bass: Manage Contacts - MyBlogLog
Jack A. Bass: Manage Contacts - MyBlogLog
March 15th
The Apprenice Millionaire Market Letter
Our AMP Thesis: - ( from my notes for a speech to Rotary this week )
The economy is moving up - but it is no Olypmic record sprint
The stock market will move up more rapidly than economic stimulus spending
The basis of the U.S. Economic ( and then world economic ) Decline was :
) the U.S. Housing bubble
2) the U.S. banking / financial sector build on toxic assets.
and those problems remain large enough to hinder recovery
The low point - Lehman/ Bear Sterns and Mortgage Defaults led to the low point on the DOW one year ago - this month.
Shrugging off some lingering reminders of the credit crisis and recession, investors last week marked the one-year anniversary of the bear market low by pushing many benchmark equity indices to cycle highs.
Wall Street scaled 17-month highs on the back of easing concerns of sovereign debt defaults and increased hopes for a global economic recovery as the US dollar pulled back and the CBOE Volatility (VIX) Index approached 22-month lows. The Index is also referred to as the “fear gauge” of US stock markets and is used as a contrary indicator that moves inversely to equity prices, when it is plotted against the S&P 500 Index.
We are recovering :
The U.S. Economic Recovery ( the American Recovery and Reinvestment Act of 2009 ) had a $750 Billion price tag .
By the end of 2009 only a third of those funds were spent but:
1) most large banks are on the road to recovery
BUT - toxic assets remain on their books
and the question is what happens when the Fed stops buying assets
such as mortgages that no one else will buy.
and Wall Street Has Learned NOTHING
It is the Wall Street equivalent of a coroner's report -- a 2,200-page document that lays out, in new and startling detail, how Lehman Brothers used accounting sleight of hand to conceal the bad investments that led to its undoing.The report, compiled by an examiner for the bank, now bankrupt, hit Wall Street with a thud late Thursday. The 158-year-old company, it concluded, died of multiple causes, The New York Times reports. Among them were bad mortgage holdings and, less directly, demands by rivals like JPMorgan Chase and Citigroup, that the foundering bank post collateral against loans it desperately needed.But the examiner, Anton R. Valukas, also for the first time, laid out what the report characterized as "materially misleading" accounting gimmicks that Lehman used to mask the perilous state of its finances.
2) mortgage foreclosures continue - at a slower pace
Defaulted loans precvent bank borrowing to all but the best credit risks.
Foreclosed homes are the cheap competitors to better prices and a recovery
in home owner wealth. It is estimated 25 % of all homes with mortgages
are " under water " - that is the mortgage exceeds the current value.
Signs of hope ; Obama-nomics at work ;
1) One million temporary jobs were created this month as the U.S Census takes
place
2) retail sales in the U.S. rose despite snow storms that shut down the north-east
3) China and India continue to boom and draw natural resources from around
the world - lifting commodity prices.
4) World wide - inflation remains a far off risk.
What to Buy :
" Buy when there is blood in the streets "- Rothchild
Buy the Banks :
Bank of America
Citi
JPMorgan Chase
Buy the homebuilders
Standard Pacific
Beazer Homes
Hovnanvian
KB Homes
But gold for insurance:
The Richarson/ Bass Quant sees a rise above $1400
Yamana
Barrick
Agnico Eagle
Buy Fertilizer stocks
- people can'tt stop eating - and the population continues to grow in China where they must use potash to create food AND they can pay for it.
Potash Corp. of Sask.
By cautious - but don't sell and run until the headlines change from predicting the end of the world to announcing all is well.
Jack A. Basshttp://www.jackbassteam.com
Yahoo! Canada Toolbar : Search from anywhere on the web and bookmark your favourite sites. Download it now!
March 15th
The Apprenice Millionaire Market Letter
Our AMP Thesis: - ( from my notes for a speech to Rotary this week )
The economy is moving up - but it is no Olypmic record sprint
The stock market will move up more rapidly than economic stimulus spending
The basis of the U.S. Economic ( and then world economic ) Decline was :
) the U.S. Housing bubble
2) the U.S. banking / financial sector build on toxic assets.
and those problems remain large enough to hinder recovery
The low point - Lehman/ Bear Sterns and Mortgage Defaults led to the low point on the DOW one year ago - this month.
Shrugging off some lingering reminders of the credit crisis and recession, investors last week marked the one-year anniversary of the bear market low by pushing many benchmark equity indices to cycle highs.
Wall Street scaled 17-month highs on the back of easing concerns of sovereign debt defaults and increased hopes for a global economic recovery as the US dollar pulled back and the CBOE Volatility (VIX) Index approached 22-month lows. The Index is also referred to as the “fear gauge” of US stock markets and is used as a contrary indicator that moves inversely to equity prices, when it is plotted against the S&P 500 Index.
We are recovering :
The U.S. Economic Recovery ( the American Recovery and Reinvestment Act of 2009 ) had a $750 Billion price tag .
By the end of 2009 only a third of those funds were spent but:
1) most large banks are on the road to recovery
BUT - toxic assets remain on their books
and the question is what happens when the Fed stops buying assets
such as mortgages that no one else will buy.
and Wall Street Has Learned NOTHING
It is the Wall Street equivalent of a coroner's report -- a 2,200-page document that lays out, in new and startling detail, how Lehman Brothers used accounting sleight of hand to conceal the bad investments that led to its undoing.The report, compiled by an examiner for the bank, now bankrupt, hit Wall Street with a thud late Thursday. The 158-year-old company, it concluded, died of multiple causes, The New York Times reports. Among them were bad mortgage holdings and, less directly, demands by rivals like JPMorgan Chase and Citigroup, that the foundering bank post collateral against loans it desperately needed.But the examiner, Anton R. Valukas, also for the first time, laid out what the report characterized as "materially misleading" accounting gimmicks that Lehman used to mask the perilous state of its finances.
2) mortgage foreclosures continue - at a slower pace
Defaulted loans precvent bank borrowing to all but the best credit risks.
Foreclosed homes are the cheap competitors to better prices and a recovery
in home owner wealth. It is estimated 25 % of all homes with mortgages
are " under water " - that is the mortgage exceeds the current value.
Signs of hope ; Obama-nomics at work ;
1) One million temporary jobs were created this month as the U.S Census takes
place
2) retail sales in the U.S. rose despite snow storms that shut down the north-east
3) China and India continue to boom and draw natural resources from around
the world - lifting commodity prices.
4) World wide - inflation remains a far off risk.
What to Buy :
" Buy when there is blood in the streets "- Rothchild
Buy the Banks :
Bank of America
Citi
JPMorgan Chase
Buy the homebuilders
Standard Pacific
Beazer Homes
Hovnanvian
KB Homes
But gold for insurance:
The Richarson/ Bass Quant sees a rise above $1400
Yamana
Barrick
Agnico Eagle
Buy Fertilizer stocks
- people can'tt stop eating - and the population continues to grow in China where they must use potash to create food AND they can pay for it.
Potash Corp. of Sask.
By cautious - but don't sell and run until the headlines change from predicting the end of the world to announcing all is well.
Jack A. Basshttp://www.jackbassteam.com
Yahoo! Canada Toolbar : Search from anywhere on the web and bookmark your favourite sites. Download it now!
Saturday, May 17, 2008
Saudia Signal to the Market - Higher Oil Prices Here and In the Future
Saudia Arabia will not meet U.S. requests ( Friday May 16th )
As Investors we now have a clear signal on the long term trend :Mr. Bush’s request, his second in five months, coupled with rising anti-Saudi sentiment in the Democratic-led Congress, underscored the growing tensions between the two countries over oil.
The issue is also dominating the domestic agenda in Washington, where the Energy Department said Friday it was suspending shipments of oil to the strategic petroleum reserve.Mr. Bush’s visit here was, in many respects, a reprise of a trip he made to the king’s ranch in January, when he asked for an increase in production and was rebuffed publicly by the oil minister and privately by the king. This time, the Saudis again resisted Mr. Bush, while offering at least the appearance of a concession.
Goldman Raises Oil Price Predictions
LONDON (Reuters) - Goldman Sachs, the most active investment bank in energy markets, on Friday sharply raised its forecast for oil prices in the second half of this year, citing tight supply.The bank expects U.S. crude to average $141 a barrel in the second half of 2008, up from a previous projection of $107, it said. Goldman also forecasts prices will rise further next year to average $148."Tight supply conditions continue to be the primary catalyst for higher crude prices," the bank said in a research note. "The near-term outlook for oil prices continues to be bullish."
The Goldman forecast helped send crude prices to a record high of $127.82 on Friday, analysts said. The 2009 estimate is the most bullish among more than 30 banks regularly polled by Reuters.Goldman, one of the first to point to triple-digit oil more than two years ago -- a once unthinkable level -- earlier this month said oil could shoot up to $200 within the next two years.Its note on Friday said that despite the advent of alternative sources such as biofuels, oil supply growth has slowed to 1 percent from about 1.8 percent in 2005 and less than the bank's forecast for 2008 world GDP growth of 3.8 percent."Given this imbalance, long-term oil prices will need to continue to rise," Goldman said.
Natural Gas will follow
Oil prices will bring natural gas prices up along with it.
The resulting inflation will lift gold.
from the market letter at http://www.amprogram.com
As Investors we now have a clear signal on the long term trend :Mr. Bush’s request, his second in five months, coupled with rising anti-Saudi sentiment in the Democratic-led Congress, underscored the growing tensions between the two countries over oil.
The issue is also dominating the domestic agenda in Washington, where the Energy Department said Friday it was suspending shipments of oil to the strategic petroleum reserve.Mr. Bush’s visit here was, in many respects, a reprise of a trip he made to the king’s ranch in January, when he asked for an increase in production and was rebuffed publicly by the oil minister and privately by the king. This time, the Saudis again resisted Mr. Bush, while offering at least the appearance of a concession.
Goldman Raises Oil Price Predictions
LONDON (Reuters) - Goldman Sachs, the most active investment bank in energy markets, on Friday sharply raised its forecast for oil prices in the second half of this year, citing tight supply.The bank expects U.S. crude to average $141 a barrel in the second half of 2008, up from a previous projection of $107, it said. Goldman also forecasts prices will rise further next year to average $148."Tight supply conditions continue to be the primary catalyst for higher crude prices," the bank said in a research note. "The near-term outlook for oil prices continues to be bullish."
The Goldman forecast helped send crude prices to a record high of $127.82 on Friday, analysts said. The 2009 estimate is the most bullish among more than 30 banks regularly polled by Reuters.Goldman, one of the first to point to triple-digit oil more than two years ago -- a once unthinkable level -- earlier this month said oil could shoot up to $200 within the next two years.Its note on Friday said that despite the advent of alternative sources such as biofuels, oil supply growth has slowed to 1 percent from about 1.8 percent in 2005 and less than the bank's forecast for 2008 world GDP growth of 3.8 percent."Given this imbalance, long-term oil prices will need to continue to rise," Goldman said.
Natural Gas will follow
Oil prices will bring natural gas prices up along with it.
The resulting inflation will lift gold.
from the market letter at http://www.amprogram.com
Tuesday, September 25, 2007
Gildan Activewear - Price Targets
G Gildan Activewear ( GIL on the NYSE and Toronto)
Sterne Agee Group has raised its target price to $40
Desjardins Securities has a $43 target.
The Company is a manufacturer of t- shirts and recently has expanded into socks with the purchase of two U.S. based manufacturers. This allows Gildan increased distribution for its products - socks, underwear, tees ,sweatshirts and a major push into private labels. It will now be one of the largest suppliers to Target and Wal-Mart through the recent purchases. Gildan management has shown itself adept at meeting and beating Asian and other low cost competition. The continues expansion meets its stated desire to become a major force in retail distribution of a full range of products. They are the low cost producer and have , in the past moved high price production off shore to maintain their prices and their customers. The integration of the newly acquired manufacturers should produce cost savings for Gildan.
Earnings per share
2006 Actual $1.03
2007 Estimate $1.28
2008 Estimate $1.89
2009 Estimate $2.26
Price Earnings Ratio
2006 Actual 30.7
2008 Estimate 24.7
taken from the article at http://www.amprogram.com Sept 26
Sterne Agee Group has raised its target price to $40
Desjardins Securities has a $43 target.
The Company is a manufacturer of t- shirts and recently has expanded into socks with the purchase of two U.S. based manufacturers. This allows Gildan increased distribution for its products - socks, underwear, tees ,sweatshirts and a major push into private labels. It will now be one of the largest suppliers to Target and Wal-Mart through the recent purchases. Gildan management has shown itself adept at meeting and beating Asian and other low cost competition. The continues expansion meets its stated desire to become a major force in retail distribution of a full range of products. They are the low cost producer and have , in the past moved high price production off shore to maintain their prices and their customers. The integration of the newly acquired manufacturers should produce cost savings for Gildan.
Earnings per share
2006 Actual $1.03
2007 Estimate $1.28
2008 Estimate $1.89
2009 Estimate $2.26
Price Earnings Ratio
2006 Actual 30.7
2008 Estimate 24.7
taken from the article at http://www.amprogram.com Sept 26
Tuesday, September 18, 2007
War with Iran
The weekend paper carried a story that had advances on the tensions over Irans' nuclear program:
1 ) Condoleezza Rice apparently has made "peace " with the Vice- President .
Cheney is leading the hawks in the planning and rhetoric. This was an effort to paper over divisions in the white House.
2) Mondays headline in the National Post quotes the French Foreign minister : " Prepare for War With Iran " The story also says France is advising Total and others not to bid on contracts in Iran
3) U.N. will be meeting to press more severe restrictions on Iran The effect on oil will be to keep the political pressure on high prices. If the U.N. agrees to oil sale restrictions against Iran prices will rocket past $100 and if there is a shooting war to destroy Iran’s nuclear facilities ????????
from http://www.amprogram.com Sept 18
1 ) Condoleezza Rice apparently has made "peace " with the Vice- President .
Cheney is leading the hawks in the planning and rhetoric. This was an effort to paper over divisions in the white House.
2) Mondays headline in the National Post quotes the French Foreign minister : " Prepare for War With Iran " The story also says France is advising Total and others not to bid on contracts in Iran
3) U.N. will be meeting to press more severe restrictions on Iran The effect on oil will be to keep the political pressure on high prices. If the U.N. agrees to oil sale restrictions against Iran prices will rocket past $100 and if there is a shooting war to destroy Iran’s nuclear facilities ????????
from http://www.amprogram.com Sept 18
Baidu
. Baidu .com - The Chinese version of Google RBC sees favorable trends and a target of $333 a potential 40 % plus gain
Three Year projected earnings per share growth 83% Key Points in the RBC Review 3rd Quarter 2007 tracking well in ad growth 60 % of the Chinese search market -
Leverage from low cost labor Travel and education segments are growing Each month is stronger sequentially than the prior month
Employment level is 5000 and rising - shows management confidence - 70% are in sales and customer service
Revenue 2006 A 105.7 MM 2007 E 231.4 2208 E 436.2 rising to 687 in 2009
Earnings per share ( OP) 2006 A 1.26 P/E NM 2007 E 2.14 P/E NM 2008 E 4.91 P/E 47.8 dropping to 30.1 in 2009
Rating : Outperform
Three Year projected earnings per share growth 83% Key Points in the RBC Review 3rd Quarter 2007 tracking well in ad growth 60 % of the Chinese search market -
Leverage from low cost labor Travel and education segments are growing Each month is stronger sequentially than the prior month
Employment level is 5000 and rising - shows management confidence - 70% are in sales and customer service
Revenue 2006 A 105.7 MM 2007 E 231.4 2208 E 436.2 rising to 687 in 2009
Earnings per share ( OP) 2006 A 1.26 P/E NM 2007 E 2.14 P/E NM 2008 E 4.91 P/E 47.8 dropping to 30.1 in 2009
Rating : Outperform
Tuesday, August 28, 2007
What would Warren Buffett Do ?
Dow Down almost 300 points Tuesday , Fear Grips the Little Investor Housing sales news - weak as expected. Federal Reserve Bank statement acknowledges economy is slowing. - but a lack of clarity as to a rate cuts disappointed investors. The Key Question : WWWD What would Warren Do ? Warren Buffett announced the purchase of 10 Million shares of Sante Fe RR WHAT DID YOU DO ?
The Key Question in a time of volatility .
The answer is back to basics-
Good companies, solid fundamentals , great management - no need to fear market noise.
Source http://www.amprogram.com August 29
The Key Question in a time of volatility .
The answer is back to basics-
Good companies, solid fundamentals , great management - no need to fear market noise.
Source http://www.amprogram.com August 29
Subscribe to:
Posts (Atom)