By Zacks Investment Research:
With decent levels of growth both in the U.S. and abroad, many cyclical sectors have rebounded quite strongly in 2013, with transports leading the way in this regard. This shouldn’t be too surprising to many investors, as this important market segment has a history of leading stocks out of sluggish market environments, and this recent rally has been no different.
Growth prospects for smaller oil- sands producers including BlackPearl Resources Inc. and Southern Pacific Resource Corp. are fading as political wrangling over the Keystone XL pipeline and rising U.S. supply slow deals in the Canadian energy industry.
CALGARY, Alberta — Canadian midstream company Gibson Energy Inc and logistics provider U.S. Development Group (USDG) said on Tuesday they will build a 140,000-barrel-per-day terminal in Hardisty, Alberta, to ship oil sands crude by rail.
The project would be the largest terminal for western Canada, where demand to move crude by rail has been gathering pace as producers look for ways to ease congested export pipelines.
The dissident shareholder group at Selwyn Resources, whose efforts to effect change were stymied at the company’s shortened annual meeting last April, have returned. And this time, success seems more assured.
CALGARY – As floodwaters engulfed Canada’s oil capital last week, Jennifer Delay left her elderly parents riverfront home to get a closer look at the Canadian Pacific Railway Ltd. track that cuts along the southern lip of the Bow River.
The embankment that supports the track west of the waterlogged downtown had all but vanished, the resident of Golden, B.C., said. “It was concave,” Ms. Delay, 58, recalled Wednesday at the site. “It looked skeletal. There was nothing to support the track.”
Proof there is no rebalancing in Europe is easy to find. For example, El Pais reports Spanish Debt Grows by €146 Billion.
What follows is a Mish-modified translation of the above Google-translation.
By Streetwise Blog:
By Tim Kiladze
It’s one thing for an activist shareholder to buy a stake in a company, giving the shares an initial bump, and another to actually implement real changes to enhance shareholder value.