TFN eNews 12/14/2009: Will there be a buyout wave in the oil industry?
Published via e-mail broadcast on December 15, 2009
In today’s TFN eNews:
* Something for nothing
* Buyout wave in the oil industry?
* The next crude?
Dear TFN eNews reader,
Back on Nov. 25, Laura Cadden listed Emtec, Inc. (OTC:ETEC) as one of 3 Penny Stocks With Winning Potential. (In case you missed it, you can read that Report here: http://www.todaysfinancialnews.com/investment-strategies/3-penny-stocks-with-winning-potential-10435.html#more-10435 )
If you took her recommendation and picked up shares of that free TFN recommendation that day, you’re a happy camper: That stock’s up over 40% gains from our $0.70 buy price!
So why haven’t we issued a sell recommendation, you understandably ask? Laura’s bullishly anticipating another 30% in gains! But that’s not all…
In her Oct. 8 Report, Today’s Top 3 Penny Stocks, Laura recommended Kerex Biopharmaceuticals (NASDAQ:KERX). Kerex is up over 25% from our $2.26 entry price. But she thinks it could hit $3.50 or better!
That means if you missed getting in earlier you still have a chance for profits on these two stocks… not to mention the other 4 penny stocks listed in these reports that are still within her buying price range. As Laura (uncharacteristically obnoxiously) pointed out: “Who’s your buddy? Huh? Who’s your pal?”
Yes, Laura, we know — you are! (And if you’d like to learn more about our top TFN penny stock picks, check out our news investment research service, Penny Stock Confidential right here.
*** “You don’t become one of the world’s largest and most profitable companies by making dumb moves,” writes TFN’s Andrew Snyder today: “Exxon Mobil (NYSE:XOM) proves it once again.
“The Street is buzzing today thanks to news that Exxon is printing some $31 billion worth of new shares in order to purchase XTO Energy (NYSE:XTO), one of the nation’s natural gas producing giants. It’s a major deal that has hearts skipping across a variety of sectors.
“Of course, nobody’s as excited as XTO shareholders. They woke up to news of a buyout worth a 17% premium to Friday’s closing price.
Shares of the oil and gas producer slipped by double-digit proportions over the past few months as natural gas prices slide. But now that demand is rising and gas prices are following suit, Exxon officials saw it was time to make their move. With XTO prices reaching short-term lows, Exxon made its move.
“Now that a major non-conventional gas player is making headlines, investors have their eyes on all sorts of potential buyouts. It’s almost impossible to find a company in the energy industry not trading in higher territory today. Two stocks you will hear a lot about over the next couple of weeks are Chesapeake Energy (NYSE:CHK) and Range Resources (NYSE:RRC)…”
Read more right here… http://www.todaysfinancialnews.com/oil-and-energy/how-to-play-the-exxon-news-10544.html
*** There are indications that domestic Chinese migration has reversed with a vengeance. Major metropolitan centers that had seen a slight decrease in the influx of rural migrants after the bottom fell out of exports are now again pressed to accommodate new inundations of enterprising spirits willing to work where money is being made.
That means severe housing shortages, especially in major metropolitan centers as Shanghai.
Shanghai, by the way, adds the equivalent of the city of Chicago to its population every other year…
In November, the local government acknowledged that major changes are needed in the building code. The time and money it takes to rise faceless concrete highrises simply cannot cope with demand.
This change in the building code is a godsend for one commodity in particular. Simply because of the fact that the resulting building boom could turn it from the mega loser of the past years to a commodity that could be the next crude oil…
We’ll have an entire report on this for you tomorrow!
***73 double-digit gainers in 2009… Now, 3 stocks to turn black gold into “green”:
These 3 reasonably-priced oil companies pass most of their profits on to shareholders… and stand to gain 20%, 50%, even 100% as oil prices soar! Read on…
Read on… http://www.todaysfinancialnews.com/HSC/OIL/EHSCKC02.html
*** Quote of the Day:
“No, all is not rosy on the economic scene. Besides the inflation threat, tax rates are going up in January 2011.Congress wants to raise the capital-gains tax on investor partnerships and elevate the death tax for inheritance. Both will suppress capital formation and entrepreneurship. So will Democratic plans to raise the top personal tax rate as high as 45 percent. This is another attack on the capital and investment necessary to finance new and existing businesses.” — Larry Kudlow, Creators.com
Recommended Reading:
Obama to the fools: Duct tape will fix it
Today’s Top 3 Financial News Stories:
MoneyNews.com – Bartlett: Second Stimulus Will Kill Economy “A second federal stimulus may wreck the U.S. economy, writes former U.S. Treasury economist Bruce Bartlett.”
Telegraph.co.uk — The vote that pushed me over the edge “Euroland’s revolt has begun. Greece has become the first country on the distressed fringes of Europe’s monetary union to defy Brussels and reject the Dark Age leech-cure of wage deflation.”
Bloomberg.com — China Stocks Gain Most in 2 Weeks on Dubai; Oil Shares Rally “China’s benchmark stock index rose the most in two weeks, led by oil and financial companies, after Abu Dhabi provided $10 billion to prevent Dubai’s Nakheel PJSC from a default.”
Cordially yours,
J. Christoph Amberger
Executive Publisher, TodaysFinancialNews.com
Next Article: The allure of emerging markets – thinking outside the U.S. economic box
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