Monday, July 24, 2017

Franco-Nevada Corporation - FNV.t

Franco-Nevada Corporation - FNV.t is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets.

The majority of revenues are generated from high margin assets in North America.

On May 9, 2017, the company released
Q1/2017 Financial Highlights
 131,578 Gold Equivalent Ounces1 (GEOs) sold – a new record and a 23.4% increase year-over-year
 $172.7 million in revenue – a new record and a 30.8% increase year-over-year
 $128.5 million of Adjusted EBITDA2 or $0.72 per share
 $45.6 million of net income or $0.26 per share
 $44.8 million of Adjusted Net Income3 or $0.25 per share
 $283.0 million in cash and cash equivalents at quarter-end and no debt

Sunday, July 23, 2017

Zacks lowers Encana Corporation (ECA) to Sell

Encana Corporation (NYSE:ECA) (TSE:ECA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday. “Based on the number of near-term challenges, we are lowering our investment thesis for Encana Corp. to Sell from Hold. With natural gas unable to break through the $3 barrier, the company’s earnings and cash flows are bound to suffer, at least in the near-to-medium term. This is expected to limit its ability to deliver positive earnings surprises.”
"Also, the recent equity offering – despite helping ECA to pay down debt and boost drilling – has significantly diluted existing shareholders' equity. Therefore, ahead of its second-quarter results, we see the company as a risky bet that is best avoided at the moment."
See ----->

Saturday, July 22, 2017

Yukon's White Gold district garners attention

Taku Gold Corporation (TAK.c) purchased four Yukon properties from Golden Predator Mining Corp (GPD.v) this week. Three of the properties are southwest of Dawson City in the White Gold district, and one, the 40 Mile project, is northwest of Dawson City. The president of Taku, Zachery Dingsdale, calls the purchases "strategic". Golden Predator plans to focus on its Three Aces property in southeast Yukon, two and a half hours northeast of Watson Lake. The White Gold district lies within the Tintina Gold Belt- a 200 by 1,200-kilometre arc that stretches from Northern B.C. to Southwest Alaska. It has estimated gold resources of 69.2 million ounces and contains large gold deposits like the Pogo, Fort Knox and True North.
Agnico Eagle Mines (TSX,NYSE:AGM) grabbed a significant land position in the White Gold area late last year and Goldcorp plans to build a road from Dawson City to its advanced Coffee project. Underworld Resources was purchased by Kinross Gold (TSX:K,NYSE:KGC) in 2010.

Friday, July 21, 2017

Cat MD6310 blasthole rig

The new Cat MD6310 blasthole drill offers substantial technology, efficiency and productivity improvements. Cat electronics deliver advanced troubleshooting for efficient drill operation and scalable automation. Smart technology includes drill assist, semi-autonomous and remote control operation, and machine health reporting to improve drilling accuracy, reducing fuel consumption.
The Drill Assist option executes all major functions for single pass drilling, automatically adjusting drill power to match the ground conditions.

Cat Terrain guides the drill for up to four times greater pattern accuracy. The Terrain logging function ensures all production is timed, mapped and recorded.

Boart Longyear percussive bit and rod

Canadian Natural Resources - CNQ.t

Canadian Natural Resources - CNQ.t is one of the largest independent crude oil and natural gas producers in the world.

The company has a diversified combination of assets in North America, the North Sea and Offshore Africa with a mix of natural gas, light oil, heavy oil, in-situ oil sands production, oil sands mining and associated upgrading facilities.

On July 20, 2017 the company reported News

Canadian Natural Resources Limited filed today a preliminary short form base shelf prospectus with applicable Canadian regulatory authorities and a registration statement on Form F-10 with the United States Securities and Exchange Commission (the “SEC”) allowing for the future issuance, from time to time, of up to US$3 billion in debt securities.

Canadian Natural also filed today a preliminary short form base shelf prospectus with applicable Canadian regulatory authorities and a registration statement on Form F-10 with the SEC allowing for the potential secondary offering of up to 97,560,975 common shares.