Argonaut Gold: BMO Drops Target To $1.00 After Messy Q2 Results
On August 10, Argonaut Gold (TSX: AR) reported its second quarter financial results. The company announced revenues of $111.4 million, down 7% yearly, while gross profits dropped 50% to $19.8 million. Net income came in at $18.4 million, down 16% yearly. The company announced that it produced 59,192 gold equivalent ounces, down from the 63,750 […]
India Using Asian Currencies Instead of Dollar to Buy Russia’s Coal
The West’s campaign in choking Russia’s economy from the rest of the world appears to be backfiring. In fact, Washington’s myopic efforts are so poorly thought out, that the sanction sandwich it imposed against Moscow is slowly eroding away at the US dollar’s global dominance. With western nations and the EU now shunning Russian commodities […]
Kinetik Holdings Raises EBITDA Guidance; Unique Energy, High Dividend Yield Story
Kinetik Holdings Inc. (NASDAQ: KNTK) earlier this week reported solid 2Q 2022 results, including US$127 million of free cash flow generated in the quarter, and boosted its full-year 2022 pro forma adjusted EBITDA projection to US$820-US$840 million from US$770-US$810 million. Kinetik is an energy company which owns minority stakes in four natural gas, natural gas liquids […]
Xebec Adsorption: BMO Cuts Price Target To Just $0.85 After Poor Q2 Margins
Xebec Adsorption (TSX: XBC) yesterday announced its second quarter financial results. The company announced revenues of $44.5 million, up from $40.33 million last quarter, while gross margins came in at $1.8 million, or just a 4% margin, compared to a 15% margin a year ago. The company also reported wider adjusted EBITDA and net losses […]
Jim Cramer Wants The Financial Times To Apologize
Jim Cramer wants to be taken seriously. The spirited personality of CNBC’s Mad Money on Wednesday called out the Financial Times over an unwelcome reference related to July’s US inflation reading. On July 13, the FT blog “Alphaville” poked fun at Cramer after the host predicted that the US had reached peak inflation, and said […]
French Energy Prices Soar to Record-Highs: Will The Government Be Able To Keep Up With Its Energy Price Cap?
With the majority of the world focused on natural gas shipments from Russia to Germany, France’s increasing struggle with keeping its lights on at night has taken a backseat. With winter months soon approaching and no end to the energy crisis sparked by Russia’s Ukraine war in sight, France’s electricity outlook doesn’t look very promising. […]
AMC Entertainment: The APE Share, Explained.
Last week, AMC Entertainment (NYSE: AMC) revealed that it would be conducting a special dividend of what it refers to as a preferred equity unit. The unit, which is expected to be paid out on August 19, is set to trade on the New York Stock Exchange alongside AMC shares, under the symbol “APE.” And […]
Ontario Man Swallows Bee on TV
Ontario’s always colorful Premier Doug Ford made headlines this afternoon. Why you ask? Because… Holy Christ! This afternoon Doug Ford swallowed a bee on CPAC. Ford was in Dundalk, Ontario to announce an investment of $500,000 in the Ontario-based company Greenlid, which produces compostable and sustainable products. And unknown to the bee, they would soon […]
Disney Rallies Following Fiscal Q3 2022 Financials, Tops Netflix Subscriber Base For The First Time
The Walt Disney Company (NYSE: DIS) reported on Wednesday its financial results for fiscal Q3 2022, highlighting a quarterly revenue of US$21.50 billion. This is an increase from Q2 2022’s US$19.25 billion and Q3 2021’s US$17.02 billion. The company also saw its paid subscriber base across its streaming platforms, Disney +, ESPN +, and Hulu, increase […]
SEC Starts Investigation On Melvin Capital For The GameStop Short Squeeze
Already closed shop and planning to return money to its investors, hedge fund firm Melvin Capital Management is still being hounded by ghosts of meme-stocks past. The US Securities and Exchange Commission is reportedly launching an investigation into the former investment management firm on how it well communicated risks controls and disclosures to its investors […]