Tuesday , 10 March 2015

Latest News
Home » BASIC MATERIAL » Basic Material Stocks On The Run - At Niska Gas Storage Partners, (NYSE:NKA), Arch Coal, (NYSE:ACI), IAMGOLD, (NYSE:IAG), The Mosaic Company, (NYSE:MOS)
Basic Material Stocks On The Run – At Niska Gas Storage Partners, (NYSE:NKA), Arch Coal, (NYSE:ACI), IAMGOLD, (NYSE:IAG), The Mosaic Company, (NYSE:MOS)

Basic Material Stocks On The Run - At Niska Gas Storage Partners, (NYSE:NKA), Arch Coal, (NYSE:ACI), IAMGOLD, (NYSE:IAG), The Mosaic Company, (NYSE:MOS)

February 19, 2015 1:36 pm by: Category: BASIC MATERIAL Leave a comment A+ / A-

Crude has dropped down by about half since June as U.S. creation surged and the Organization of Petroleum Exporting Countries opposed yield cuts.

U.S. stocks were minimal changed, switching prior misfortunes, as Federal Reserve meeting minutes recommended it would hold up more before raising investment rates.

The S&P 500 fell not as much as a point to 2099.61

The Dow Jones was unaltered at 18047.58.

The cost of oil fell $1.39 to $52.14 a barrel.

Insights about some real gainers from basic material segment, amid Thursday’s exchange are depicted underneath:

Niska Gas Storage Partners LLC (NYSE:NKA)’s shares skyrocketed 23% and led the share to close at $2.46. The company holds the market capitalization of 93.43M. The stock return on equity value is -66.00%, while return on assets value is -20.00%, in response to its return on investment value of -0.70%. The stock is trading at below 20-day moving average of -14.70%, below 50-day moving average of -25.83%, and below 200-day moving average of -74.64%. The mean recommendation of analysts for this stock is 3.60.(where 1=Buy, 5=Sale).

A growth-oriented midstream natural gas services provider, formerly on February 2, 2015, stated its financial results for the quarter and nine months ended December 31, 2014. The Company also offered an update on the current business environment and declared the suspension of distributions on its ordinary units.

Financial Results:

Adjusted EBITDA (as defined below) for Niska`s quarter ended December 31, 2014 was $9.4 million, contrast to $37.0 million for the quarter ended December 31, 2013. Adjusted EBITDA was $48.0 million for the nine months ended December 31, 2014, contrast to $84.4 million for the nine months ended December 31, 2013. Cash Accessible for Distribution (as defined below) was negative $4.0 million and positive $9.6 million for the quarter and nine months ended December 31, 2014, respectively, contrast to $20.5 million and $35.7 million for the quarter and nine months ended December 31, 2013, respectively. Adjusted EBITDA and Cash Accessible for Distribution for the quarter and nine months ended December 31, 2014 comprised of benefits of $4.4 million and $8.8 million, respectively, related to inventory write-downs. Not including the benefits of inventory write downs, Adjusted EBITDA for the quarter and nine months ended December 31, 2014 was $5.0 million and $39.2 million, respectively, and Cash Accessible for Distribution was negative $8.4 million and positive $0.8 million, respectively.

Niska Gas Storage Partners LLC (NYSE:NKA), owns and operates natural gas storage assets in North America. It primarily operates the AECO Hub comprising the Countess and Suffield gas storage facilities in Alberta, Canada; the Wild Goose gas storage facility in California; and the Salt Plains gas storage facility in Oklahoma.

Shares of Arch Coal Inc. (NYSE:ACI), jumped nearly 6.50% and closed at $1.31. The stock volatility for the week is 9.02%, while for the month remained 9.40%. The mean recommendation of analysts for this stock is 2.20. (where 1=Buy, 5=Sale).

Arch Coal, Inc. (NYSE:ACI), formerly on Feb.5, declared that its Appalachian operations in West Virginia were recently recognized for safety and environmental excellence, earning a total of nine state awards at the Annual West Virginia Mining Symposium held on January 28-30. Arch operations and facilities were honored with five West Virginia Mountaineer Guardian Awards for exemplary safety records achieved during calendar year 2014: Beckley’s Pocahontas mine and Pocahontas preparation plant; Leer’s preparation plant; Mingo Logan’s Mountain Laurel Mountaineer II mine; and Wolf Run’s Sentinel mine.

Arch Coal Inc. (NYSE:ACI), produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2013, it operated or contracted out the operation of 22 mines, and owned or controlled about 5.3 billion tons of proven and probable recoverable reserves.

IAMGOLD Corp. (NYSE:IAG), surged 5.43% to close at $2.33, soon after a mid-tier mining company, reports its merged financial and operating results for the fourth quarter and year ended December 31, 2014.

Fourth Quarter 2014 Highlights:

  • Attributable gold production of 241,000 ozs. raised for third successive quarter; up 7% from Q3/14 due to improving grades at Essakane and Rosebel.
  • Attributable gold sales of 234,000 ozs.
  • All-in sustaining costs1,2 – gold mines3 of $1,021/oz. declined for fourth successive quarter; down $94/oz. from Q3/14 and $209/oz. from Q4/13.
  • Total cash costs1 – gold mines of $788/oz. declined for third successive quarter; down $63/oz. from Q3/14 and $40/oz. from Q4/13.
  • Net cash from operating activities, counting suspended operations, of $72.0 million; up 64% from Q4/13.

IAMGOLD Corp. (NYSE:IAG), explores, develops, and operates gold mining properties. The company also explores for silver, niobium, and copper deposits. It holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada. The company was incorporated in 1990 and is headquartered in Toronto, Canada.

Shares of the The Mosaic Company (NYSE:MOS), gained 1.27% & closed at $52.67, hitting new 52-week high of $52.67, following the news that a technology leader in the payment, couponing and digital incentives space declared recently that effective February 13th, 2015, the Company has changed its corporate name to Mobi724 Global Solutions Inc. The Company’s ordinary stock has been assigned the following new CUSIP number: CA 60705U105 and ISIN number: CA 60705U1057 and its ticker symbol has been changed to MOS and will start trading under the ticker symbol on Thursday February 19th, 2015. Outstanding stock certificates are not affected by the name change and do not need to be exchanged. In addition, there has been no change in administration, location of the corporate offices and the Company’s business model.

The Mosaic Company (NYSE:MOS), formerly Hybrid PayTech World Inc. (CSE:HPT), a corporation based in Montreal, Canada, is a technology leader in digital incentives (such as mobile couponing & loyalty rewards) and payment solutions (counting mobile payment).

 

Basic Material Stocks On The Run - At Niska Gas Storage Partners, (NYSE:NKA), Arch Coal, (NYSE:ACI), IAMGOLD, (NYSE:IAG), The Mosaic Company, (NYSE:MOS) Reviewed by on . Crude has dropped down by about half since June as U.S. creation surged and the Organization of Petroleum Exporting Countries opposed yield cuts. U.S. stocks we Crude has dropped down by about half since June as U.S. creation surged and the Organization of Petroleum Exporting Countries opposed yield cuts. U.S. stocks we Rating: 0

Leave a Comment

scroll to top