Some optimism is returning in Canadian oil and gas, but the recovery is expected to be slow, and mostly jobless, as surviving companies remain cautious.
Uncertainty remains over oil prices, carbon taxes are on the horizon and competition from better-positions rivals in the United States remains intense. But last week’s OPEC deal to end a two-year market share war, Ottawa’s approval of two oil sands pipelines, and a pickup in winter drilling have gone a long way to feed confidence that the worst of the downturn is over.
LiveDeal Inc. (NASDAQ:LIVE) shares soared as much as 28% during intraday trading after the company reported its full fiscal year earnings for 2014. The stock rose sharply to $3.85 in pre-market trading from a $3.32 close on Friday. Around 13.62 million shares had been traded at the close of trading on Monday, compared to a three-month daily average of 154,000.
By Richard R.:Hello readers, the time has come for me to do a share valuation exercise of a company that is currently one of the leaders in the technology sector, Apple (AAPL). This analysis is based on 3 methods of share valuation: The discounted cash flow model, the Graham formula and EBITDAx7.
The price of a barrel of oil is determined in far off lands, displayed instantly on nearby screens.
How long does it take that dollar-per-barrel flicker of pixels to trickle down to the sound of swipes and taps of buying stuff in our broader economy?
Saudi Arabia and its OPEC cohorts may have abandoned their role as market stabilisers, but they are taking the fight with their rivals downstream and locking in market share in oil-thirsty Asia.
Saudi Arabia, OPEC’s most influential producer, is revamping its strategy as it abandons its role of swing producer in global markets and rethinking its spare capacity, says Barclays Capital.
“The kingdom [Saudi Arabia] is increasing the level of refined products it exports to the market, relative to crude oil,” said Miswin Mahesh, analyst at Barclays Capital.
By ONeil Trader:Evercore Partners (EVR) came public in 2006, and did not have an opportunity to reward its shareholders in the following years, because of the financial crisis. Its share price has recovered since 2009, and now stands near its all-time highs. The company is gaining market share, and growing its top and bottom line at an above average rate.
By Cris Frangold:
Google (GOOG), one of the tech sphere's great success stories of the last 10 years, has suffered a blip recently. The stock, which has consistently risen, gaining 50% in value in the last 12 months, has taken a downturn in recent weeks. Market experts are trying to assess if this is a blip, brought on by conservative assessors looking to sell at the perfect time, or something more serious.