IronCity

Is This the Death of Gold & Silver Stocks?

User 183508, thank for the advice. :)

Is This the Death of Gold & Silver Stocks?

GMiki, Thanks. I studied a little more and will go with IAG, GG and ABX (enough for 1 day). :)

Is This the Death of Gold & Silver Stocks?

Intresting article. Seems that the 8 stocks comented are in an early uptrend. I don't know the comparative qualities of this companies. I looked quickly at the earnings and sounds to me that the best are ABX, GG and IAG. Can any of you give me your opinion? Thanks.

Barrick Gold's Move Into Oil: Precursor to Commodities Consolidation?

"Barrick Gold Corp.'s (ABX) C$354-million bid for Cadence Energy Ltd. (CDSFF.PK) has a "minimal" financial impact on the gold giant, according to Blackmont Capital analyst Richard Gray. He wrote that the total value of the offer represents just 0.8% of Barrick's market cap, and that Cadence's estimated cash flow for 2009 would augment Barrick's by just 2%.

However, he still sees the logic in Barrick's takeover proposal.

In a note to clients, he wrote:

The significance of the world's largest gold company acquiring an oil/gas producer underscores the impact of the rising energy prices for miners and is a manoeuvre that we believe will become more common.

Mr. Gray maintained a "buy" rating on Barrick and a target of C$54.00 a share."

From: seekingalpha.com/artic...

At 345 M they will pay near $19.50 per barrel. Is this a fair price?

Barrick's Bid for Cadence Energy a Sign of Things to Come

Diego, I could not access your website.

Barrick Gold's Move Into Oil: Precursor to Commodities Consolidation?

Very interesting article, very understandable and clear lenguage. To evaluate Barrick's move would be interesting to know how much they will pay for the estimated 18.2 million barrels of oil under ground and how realistic the estimation is. Thanks.