Commodities
VeraSun Energy declares bankruptcy
Verasun Energy – Investors – Press Releases. As I hypothesized on Thursday, VeraSun Energy (VSE: 0.00 N/A N/A) has filed for Chapter 11 bankruptcy. The cause can be condensed to two sentences from the press release: The Company suffered significant losses in the third quarter of 2008 from a dramatic spike in its corn costs, [...]
Luecadia National for the long term
When I find a company of interest and then find very little readily available information about the company, my interest is definitely increased. Luecadia National (LUK: 23.10 0.00 0.00%) definitely fits the bill. LUK is a diversified holding company that is the result of the vision of two men, Chairman Ian Cumming and Presidend Joseph [...]
Silver Wheaton: Still waiting for the growth
Silver Wheaton (SLW: 23.89 0.00 0.00%) has released their 2nd quarter results and they look a lot like the first quarter, flat earnings! When I wrote about the Q1 results I noted the company had been level at 9¢ to 11¢ per share earnings for several quarters and this quarter they made a field goal [...]
Terra Nitrogen shareholders get dividend cut
A few months ago I wrote several articles about the relationship between Terra Nitrogen L.P. (TNH: 92.0442 0.00 0.00%) and Terra Industries (TRA: 45.76 0.00 0.00%) concerning the earnings and dividends of Terra Nitrogen. You can see the articles here, here and here. For background, TNH had until the last quarterly dividend a deficit of [...]
Brazil to export 800 million gallons of ethanol to U.S.
DTN Ethanol Center The article linked above is full of interesting facts about Brazil’s ethanol industry. The point I found interesting and used for the headline is the fact that ethanol exports from Brazil to the U.S. is expected to be 793 million gallons to the U.S. for 2007. This is in the neighborhood of [...]
