Blog - Page 4394 of 5517

ThursdayJul 24, 2008 6:32 am

China North East Petroleum Ltd. (CNEH.OB) Announces 119% Year-Over-Year Increase in Crude Oil Production for 2Q 08

China North East Petroleum Holdings Limited, a rapidly growing oil producer in Northern China, today announced preliminary crude oil production figures for the second quarter. Crude oil production increased 119% to 135,193 barrels, compared to 61,732 barrels for the same period in 2007. This also represents an 18% sequential increase over 1Q 2008. The company added 27 new wells during the quarter, bringing the total well count up to 192. ''The second quarter was another strong quarter for our business,” stated Mr. Hongjun Wang, President of China North East Petroleum. “We are particularly pleased to report record production results this…

ThursdayJul 24, 2008 6:31 am

Oil Prices Rebound After Recent Steep Losses

Oil prices have rebounded slightly today after recent steep losses. Yesterday, the latest weekly report from the Energy Information Administration (EIA) showed that gasoline demand over the four weeks ending July 18th was 2.4% lower than a year ago. This data offered further evidence that Americans are cutting back on fuel because of high prices, which drove down the price of oil nearly $4. The economic slowdown and the demand destruction that is occurring in the US, the world's biggest energy consumer, has driven the price of oil down over $20 from its peak in recent weeks. Other factors have…

ThursdayJul 24, 2008 5:52 am

AXS-One Inc. (AXSO.OB) Named as Top-Ranked E-Discovery Software Provider

The sixth annual Socha-Gelbmann Electronic Discovery Survey has been released, and AXS-One has been named a top e-discovery software provider for 2008. The company was named as a top-five software provider in the identification, preservation and collection categories, and as a top provider for processing, reviewing, production and overall corporate ranking. The annual Socha-Gelbmann Electronic Discovery Survey is an independent survey developed in 2003 by e-discovery pioneers George Socha and Tom Gelbmann, and provides the most comprehensive view into the emerging e-discovery market. The survey comprises data from 115 organizations on the forefront of e-discovery and examines the size, scope…

ThursdayJul 24, 2008 5:51 am

Gold Canyon Resources Inc. (GCU.V) is Finding all that Glitters

Trading on the TSX-Venture Exchange in Toronto, Gold Canyon Resources Inc. acquires and explores for mineral and precious metal properties. Their headquarters are in Vancouver, British Columbia and they are part of the Gallium and Gold Exploration industry. They control a 100-percent interest in the Springpole Gold-Horseshoe Island Gold Platinum, Palladium Project. They also own a 100 percent interest in the Bear Head Uranium Project, which is next to their Favourable Lake Poly-metallic property. This property is currently under option to Shoreham Resources Inc. The company also controls a 100-percent interest in the Cordero Gallium Project. This project is in…

ThursdayJul 24, 2008 5:48 am

FX Energy Inc. (FXEN) is Extending Their Reach

Trading on the NASDAQ and with headquarters in Salt Lake City, Utah, FX Energy Inc. is an independent oil and gas company focusing their efforts primarily in Poland. The company believes Poland's hydrocarbon producing areas are underdeveloped because the country remained closed to competition from foreign exploration companies for so many years. The area they are concentrating on in the country is the Permian Basin region. Accumulating large land positions in known productive areas, FX Energy Inc. has a $29M exploration program currently in progress. Their corporate goal is to increase production and reserves in their core areas of operation.…

ThursdayJul 24, 2008 5:27 am

Classic Business Management Tutorials from Ebix Inc. (EBIX) Stock

Neither inflation nor recession concerns this stock. It flies way above any stock market storm. The mid-July 2008 stock price is within touching distance of the 52-week high. The Price to Earnings Ratio is just 21.12 even in the face of meteoric rise in market capitalization. The Earnings per Share are 4.31. Sales have grown by more than 25% over the last five years. The Gross Margin has not only topped 75% during this period, but inches ever upwards as well. The Interest Coverage is more than 45, relatively high Debt to Equity notwithstanding. The company writes code for insurance…

ThursdayJul 24, 2008 5:26 am

Preventive Medicine for Your Stock Portfolio – Mid-Week Management Mantra

A prominent television business channel scoffs at the thought of asking a doctor for stock advice. That is the provocation for this post. Doctors may not be commerce majors, but diagnosis is right up their collective street. A physician is trained to smell impending disease when a patient feels fit and fine. It is not enough for executives to proclaim that your stocks in their care have done well. It is Freddie (NYSE: FRE) today. Who knows if your Fannie (NYSE: FNM) could be in pain tomorrow? Here are five reliable stethoscopes to find out which stock beats to skip:…

ThursdayJul 24, 2008 4:50 am

MEMC Electronic Materials, Inc. (MEMC) Reports Disappointing Earnings for the Second Quarter, Lowers FY08 Guidance

MEMC Electronic Materials, Inc. (WFR), a leading provider of polysilicon wafers to the solar cell manufacturing and semiconductor industries, reported second quarter results yesterday that fell short of analysts’ expectations. Revenues increased 12.4% year-over-year to $531.4 million vs. analysts’ estimates of $616.3 million. Net income on a non-GAAP basis was $212 million or 92 cents per share vs. $1.14 per share consensus. The company continues to be plagued by problems that negatively impact production. A fire at their Pasadena, Texas facility caused a weeklong shutdown, and a faulty heat exchanger at their Merano, Italy facility reduced polysilicon output by five…

ThursdayJul 24, 2008 4:27 am

Potash Corp. (POT) Reports 220% Increase in Second Quarter Net Income, Raises FY08 Guidance Yet Again

Potash Corporation of Saskatchewan Inc. (POT), Canada’s largest fertilizer company specializing in potash, phosphate and nitrogen products, reported better than expected second quarter results this morning. Revenues nearly doubled year-over-year to $2.62 billion vs. analysts’ estimates of $2.55 billion. Net income surged 220% to $905.1 million, or $2.82 per diluted share. Analysts were expecting earnings of $2.61 per share. "This quarter established a new standard of performance for our company," said PotashCorp President and Chief Executive Officer Bill Doyle. "We are experiencing strong growth in demand and are capturing the value of higher prices in all three nutrients, especially in…

WednesdayJul 23, 2008 5:15 pm

Dutton Associates Featured Company: Neurobiological Technologies, Inc. (NTII)

Neurobiological Technologies, Inc. (NASDAQ: NTII) is a biopharmaceutical company focused on developing innovative and leading agents for central nervous system conditions and other serious medical conditions. The company seeks out drug candidates related to the central nervous system, and develops therapies for neurological conditions that occur in connection with dementia, Alzheimer's disease, ischemic stroke, neuropathic pain, and brain cancer. They employ a strategy of in-licensing late-stage CNS agents and strive to gain regulatory approval and commercialization, either independently or with a strategic partner. Neurobiological Technologies most advanced product candidate is Viprinex™ (ancrod), a drug for treating acute ischemic stroke. The…

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