Subscribe to Investing & On-line Buying and selling Stock Market Report magazine and obtain a FREE copy of Jim Berg’s ‘How one can Write Your Own Trading Plan’ Information! Cobalt Worldwide Power ( CIE -three.four%) slumps to a brand new file low of $1.10 after saying it was warned by the NYSE that it is now not in compliance with continued listing standards and could possibly be delisted as a result of the overall value of its shares has dropped under the alternate’s $50M minimum market cap threshold.
Despite the broader market indices trading weak, Bharti Airtel is up 5%. This was mainly after media reports indicated that a KKR-led consortium was in talks for a tower consolidation deal involving Airtel’s tower arm Bharti Infratel and Indus Towers.
Canadian oil sands producers enjoying the strongest market for heavy crude since 2008 could also be about to face a renewed glut , as Suncor Power (NYSE: SU ) expects its Fort Hills oil sands mine to start producing by 12 months end, reaching as a lot as 175K bbl/day inside a yr, while Imperial Oil’s (NYSEMKT: IMO ) Kearl mine is set to return on-line from planned maintenance.
XL says its preliminary estimates are based mostly on a mix of disaster modeling, publicity evaluation and preliminary floor-up notifications and are in line with private insured market loss estimates for the three hurricanes within the $75B-$90B vary.
But, the problem with penny stock investing is the elevated threat of not figuring out who the corporate is, what their background is, what their previous investments have been and subsequently you’ll not understand how well the company plays into your funding strategy.