New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 14, 2013
13:10 EDTBHP, MOSMosaic would resume potash expansion if BHP cancels Jansen project, Reuters says
In an interview with Reuters the Mosaic (MOS) CFO said it would resume potash expansion if BHP (BHP) cancels the Jansen project. The CFO also stated in the interview that a 'takeover not a strong likelihood."
News For MOS;BHP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 4, 2015
06:11 EDTBHPBHP Billiton investors to vote on leaner company model, WSJ reports
BHP Billiton shareholders are set to vote Wednesday on a plan that would make the mining company smaller, The Wall Street Journal reports. The company is setting up South32, a company to house undesirable operations including coal mines and alumina refineries, halving the number of assets BHP runs and allowing it to focus on iron ore, oil and copper. Reference Link
May 1, 2015
13:49 EDTBHPWestmoreland agrees in principle to buy San Juan Mine, enter coal supply deal
Westmoreland Coal (WLB) announced that it has agreed in principle to purchase the San Juan Mine in Farmington, New Mexico from BHP Billiton (BHP) and enter into a new long-term coal supply agreement with the owners of the San Juan Generating Station. The contemplated new coal supply agreement states that Westmoreland will take over operations at the beginning of 2016. The new coal supply agreement expires in 2022, but SJGS owners can extend the agreement beyond 2022, to coincide with the SJGS owners’ plans for operation of the plant after 2022. The new coal supply agreement and the agreement in principal for Westmoreland to purchase San Juan Mine will not be final or binding until all parties have secured internal approvals.
11:00 EDTBHPSan Juan would be ideal dropdown candidate for Westmoreland, says Brean Capital
After PNM Resources (PNM) announced Westmoreland Coal (WLB) will take over coal operations servicing the San Juan Generating Station in New Mexico from BHP Billiton (BHP) in early 2016, Brean Capital said it thinks these assets would be an "ideal" candidate for further dropdown to Westmoreland LP (WMLP), which the firm would expect to be an accretive transaction for Westmoreland. Brean, which views Westmoreland's track record of executing attractive acquisitions as "solid" in recent year, reiterates its Buy rating and $46 price target on the shares.
10:00 EDTMOSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CVR Refining (CVRR) upgraded to Neutral from Underperform at Credit Suisse... Cash America (CSH) upgraded to Outperform from Market Perform at JMP Securities... Chipotle (CMG) upgraded on positive catalysts at BMO Capital... Cypress Semiconductor (CY) upgraded to Strong Buy from Buy at Needham... Energy Transfer Equity (ETE) upgraded to Strong Buy from Outperform at Raymond James... Expedia (EXPE) upgraded to Outperform from Sector Perform at RBC Capital... Immersion (IMMR) upgraded to Buy from Hold at Ascendiant... Integra LifeSciences (IART) upgraded to Outperform from Market Perform at Wells Fargo... Key Energy (KEG) upgraded to Neutral from Reduce at Global Hunter... Limelight Networks (LLNW) upgraded to Buy from Neutral at B. Riley... Live Nation (LYV) upgraded followin strong core results at Stifel... Mosaic (MOS) upgraded to Outperform from Sector Perform at RBC Capital... Ocwen (OCN) upgraded to Buy from Neutral at Sterne Agee CRT... Pacific Biosciences (PACB) upgraded to Outperform from Market Perform at William Blair... Pinnacle Financial (PNFP) upgraded to Buy from Hold at Sandler O'Neill... SPX Corp. (SPW) upgraded to Overweight from Neutral at JPMorgan... Titan International (TWI) upgraded to Buy from Hold at Feltl... Ultra Petroleum (UPL) upgraded to Market Perform from Underperform at Raymond James... United Insurance (UIHC) upgraded to Outperform from Market Perform at Keefe Bruyette... Western Union (WU) upgraded to Outperform from Market Perform at Wells Fargo... Zayo Group (ZAYO) upgraded to Strong Buy from Outperform at Raymond James.
09:26 EDTMOSPotash, Mosaic investors should switch to Agrium, says Canaccord
Canaccord noted that both Potash (POT) and Mosaic (MOS) missed Q1 estimates and gave what the firm views as soft forward guidance. The firm sees U.S. shipments of potash and phosphates this spring lower than expected and sees international volumes heading into a mild oversupply situation. Canaccord suggests Potash and Moasic investors switch into Agrium (AGU), given its exposure to nitrogen and retail segments. Canaccord maintains its Buy rating and lowered its price target to $125 from $128 on Agrium, while maintaining its Hold rating on both Potash and Mosaic shares.
09:02 EDTBHPPNM Resources to file two agreements with New Mexico regulators
PNM Resources' (PNM) New Mexico electric utility, Public Service Co. of New Mexico, will file with the New Mexico Public Regulation Commission substantially final coal supply and participant restructuring agreements for San Juan Generating Station. The agreements will be filed as part of PNM’s ongoing regulatory proceedings seeking NMPRC approval of the SJGS Plan settlement agreement filed in October 2014. Approval of the settlement agreement is an important step in implementing a revised state plan that benefits customers and complies with federal visibility regulations under the Clean Air Act. The new coal supply agreement states that the intended new coal mine owner, Westmoreland Coal Company (WLB), will take over operations at the beginning of 2016. The current agreement with the existing coal mine owner, BHP Billiton (BHP), would have terminated at the end of 2017. The earlier transaction date allows PNM customers to more quickly benefit from fuel savings of approximately 15-20 percent in 2016 and 2017. The savings will be passed along to customers through the company’s fuel clause. The new coal supply agreement expires in 2022, but SJGS owners can extend the agreement beyond 2022, to coincide with the SJGS owners’ plans for operation of the plant after 2022. The new coal supply agreement and the agreement in principle for Westmoreland to purchase San Juan Mine will not be final or binding until all parties have secured internal approvals. PNM and the other owners of the plant will now work to secure all final approvals from their respective governing bodies. A SJGS participant restructuring agreement will also be filed today with the NMPRC, identifying the ongoing ownership of the plant effective January 1, 2018. The agreement identifies PNMR Development and Management Company, an unregulated subsidiary of PNM Resources, as the owner of 65 MWs of SJGS Unit 4. SJGS is currently jointly owned by PNM and eight other entities. This agreement allows for the exit of certain participants while, combined with the shutdown of SJGS Units 2 and 3 under the revised state plan, defines the terms of ownership of the remaining capacity among the remaining participants.
07:59 EDTMOSMosaic upgraded to Outperform from Sector Perform at RBC Capital
Subscribe for More Information
05:58 EDTBHPBHP Billiton, Barbadoes sign exploration licenses
The Government of Barbados and BHP Billiton yesterday signed exploration licenses for two offshore blocks, Carlisle Bay and Bimshire. These blocks are approximately 40 kilometers southeast of the island nation, total about 5,000 square kilometers and are located in waters ranging from approximately 1,200 to 2,000 meters in depth. Upon approval by the Government of an environmental impact assessment and environmental plan, BHP Billiton will commence the first three-year phase, which includes conducting a 2D seismic survey on the two exploration blocks. With favorable results, BHP Billiton may enter an optional second phase of three years to perform a 3D seismic survey, followed by an optional third phase of two years to drill exploration wells.
April 30, 2015
06:23 EDTMOSMosaic sees Q2 Phosphates sales volumes 2.3M-2.7M tonnes
Subscribe for More Information
06:20 EDTMOSMosaic reports Q1 EPS 80c, consensus 74c
Subscribe for More Information
April 29, 2015
13:20 EDTMOSEarnings Watch: Potash sees Q1 EPS 45c-55c per share
Subscribe for More Information
10:53 EDTMOSMosaic May volatility elevated into Q1 and outlook
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use