When Royal Bank of Canada (RY) began planning the campaign that would anchor its involvement in the Vancouver Olympics, the institution faced a classic marketing conundrum.
Suncor (SU) is expected to shed assets left and right this year, as the energy play brings order to a grab-bag of properties acquired as part of the Petro-Canada (PCZ) acquisition.
Rick George has always been an under-promise, over-deliver type, and that attitude appears to apply to the Suncor (SU) CEO’s planned clean-up of Petro-Canada’s (PCZ) holdings.
Though I will likely be ridiculed on the following prediction, it is hard to make a substantive argument to the contrary. But there are too many gems, overlooked stocks and strong fundamentals to dismiss the following country. Given my many articles about the inflation tsunami about to hit the western countries (with a few caveats of course), Canada, or more specifically the Toronto Stock Exchange and the Venture Exchange, could potentially perform in-line or outperform many BRIC countries.
What is the logic? I believe we are gearing up for the second leg of the commodity bull market, which will make the...
Ramius Capital's most recent portfolio holdings reveal that the hedge fund manager has shifted its portfolio focus to drug manufacturers. The firm’s exposure to US Equity as of June 30th was $366mm, which is down from $788mm at the end of last year. Of the $136.41mm in added positions over the second quarter, $92.62mm was spent by Ramius Capital on healthcare giants Wyeth (WYE) and Schering Plough (SGP). At the same time, the hedge fund dumped its ETFs and opted for investing...
After a strong rally in the resource sector, a fast but furious wave of consilidation has struck many industries, but this is just a precursor to what lies ahead over the next several quarters. Just to name a couple off the top of my head.....
- Suncor (SU) Buying Petro-Canada (PCZ). This will create an oil sands behemoth as the newly combined company will have their foot in many projects including Synacrude. The future synergies of this deal are not reflected in the market place as your...
For many weeks now I have been interested in researching the Canadian energy industry. It is not that I believe oil prices should be going up any time soon. In fact, as I wrote three months ago, oil fundamentals are quite weak. Since then, oil prices have marched ever higher but concern over trading prices being disconnected from fundamentals is becoming a fairly mainstream position of late.
Whether prices go up from here or (as I believe) they take a precipitous fall before eventually heading higher, the long term demand for energy is undisputed. Even in...
Atticus Capital announced earlier that it would shut its $3 billion flagship fund and liquidate its holdings citing personal reasons on the part of the company's founder. Below we summarize the firms's most recent holdings by sector (as of 6/30) along with its top three holdings in each sector based on its 13-F filing. As shown, the firm had a heavy concentration in the Financial sector, as it made up 29% of its long holdings. The largest of these was Bank of America...
Hedge fund manager Manikay Partners’ portfolio reveals that the firm has been favoring healthcare, while dumping financials. Over the first quarter of 2009, Manikay purchased approximately $70million in healthcare stocks, while selling over $40 million in financial companies.
Manikay Partners was founded in 2008 by Managing Partner Shane Finemore with backing from Goldman Sachs (GS). Prior to founding the firm, Mr. Finemore was in charge of the fundamental investment group in UBS’s investment banking division. Manikay employs an opportunistic investment strategy that has a global long-bias. An analysis of...
Major oil companies around the world announced their Q2 earnings results last week and a litany of losses they were. Royal Dutch Shell (RDS.A) posted a 67% loss; ExxonMobil (XOM) 66%, PetroCanada (PCZ) 95%, BP 53%, Connoco Phillips (COP) 76% and Repsol (REP) YPF 62%. The causative factor as cited was...
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