Commodities
Terra Industries enters distribution agreement for clean Diesel product
Terra Industries: Manufacturers of Urea Ammonium Nitrate, Anhydrous Ammonia and Ammonium Nitrate: News Release. The press release linked above announces a distribution agreement between Terra Industries (TRA: 45.76 0.00 0.00%) and Brenntag North America for the exclusive distribution rights of Terra Industries’ Diesel Emission Fluid (DEF). First, a little background on the use of DEF. [...]
Goldman goes bold! Forecasts $45 oil.
Goldman, once warning of $200 oil, sees $45 in 2009 | Business | Reuters. It look like the analysts at Goldman Sachs have learned their lesson in hindsight in regards to their $200 oil prediction. Their new prediction is within a $1.00 of where oil is currently trading. To bad they didn’t pick the $45 [...]
How much value in Terra Industries
I was scanning through some data on Terra Industries (TRA: 45.76 0.00 0.00%) and an interesting fact caught my eye. TRA has a current market capitalization of $1.4 billion. TRA is the general partner and holds 75.1% of the common units of Terra Nitrogen Holdings LP (TNH: 90.00 0.00 0.00%). TNH has a market cap [...]
Analysts were wrong! New predictions predicted.
My favorite quote so far today: The analyst who projected $200 oil should have lopped off a zero. Commodities Collapse: Fast, Big and Still Going – WSJ.com. The WSJ article linked above (sub. required) show how wrong the analysts were on the commodities bubble then gives some new predictions on how far down (much farther, [...]
Silver Wheaton earnings stay level
How times have changed. Three months ago when I reported on Silver Wheaton’s (SLW: 23.15 0.00 0.00%) 2nd quarter results, I put forth the opinion that the stock would be a good value buy if the share price dropped below $12 from its current $14 to $15 trading range. Well the shares were not a [...]
