Basic Materials

China Advanced Construction Materials Group Inc CADC Stock News

China Advanced Construction Materials Group Inc (NASDAQ: CADC) is having an incredibly strong day in the market today after releasing their earnings report for the third quarter. Today, we’ll talk about what we saw from the report, how the stock is reacting to the news, and what we’ll be watching for with regard to CADC ahead.





CADC Reports Earnings

As mentioned above, China Advanced Construction Materials Group is having an incredibly strong day in the market today after reporting its earnings for the third quarter. Here’s what we saw from the earnings report:




  • Revenue – In terms of revenue, CADC did overwhelmingly well. During the quarter, the company generated revenue of about $13.8 million. That’s a massive improvement year over year from $7.5 million. The increase in revenue is largely due to an increase in sales volume of 56% as a result of customers expediting their construction progress before the severe winter ahead. Also, an increase in the selling price of concrete by 19% played a key role in the increased revenue.
  • Cost Of Revenue – Total cost of revenue came in at about $12.3 million. That figure proved to increase by 47% as a result of an increase of production volume. However, the cost was offset by a decrease in the unit production cost of 19%.
  • Gross Profit – Finally, gross profit came in at approximately $1.4 million. That’s compared to a $1 million gross loss in the same quarter 1 year ago.

The company pointed to their ability to continue at a strong pace due to the following factors:

  • Large-Scale Contractor Relationships – CADC informed investors that they have contracts with major construction contractors that are key to infrastructure, commercial and residential projects. With a sales effort focused on large-scale products and large customers, the company operates with less risk.
  • Management – CADC also reminded investors that the management team has vast experience; providing technical knowledge and business relationships that give them an upper hand in the market.

In a statement, the company offered the following:

Our management believes that we have the ability to capture a greater share of the Beijing market via expanding relationships and networking, signing new contracts, and continually developing market-leading innovative and eco-friendly ready-mix concrete products.”

What We’re Seeing From The Stock

At the end of the day, strong earnings tend to cause strong movements in the market. However, no one could have expected the massive gains we’re seeing out of this one. Of course, our partners were the first to alert us to the movement. At the moment (11:14), CADC is trading at $7.90 per share after a gain of $5.70 per share or 259.09% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on CADC. In particular, we’re interested in following the company’s ongoing innovation in the building materials sector. We’re also interested in seeing if the large-scale efforts will bear fruit when it comes to maintaining growth through winter. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!

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Northern Dynasty Minerals Ltd NAK Stock News

Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) has been an interesting stock to watch over the past couple of years. A couple of years ago, I would have said that the risks were too high to get involved. However, my opinion is far different today. I now believe that the stock provides an opportunity that comes with massive potential and minimal risk. Today, we’ll talk about the potential, the fact that risk has been largely minimized, what we’re seeing from the stock today, and what we’ll be watching for with regard to NAK ahead.





The Potential Opportunity Surrounding NAK

As mentioned above, Northern Dynasty Minerals is currently offering the potential for massive long-run gains. At the end of the day, this potential revolves around the company’s primary venture known as the Pebble Project.

The Pebble Project, located in Alaska, is one of the largest stores of mineral wealth ever discovered. In fact, considering current resource estimates, the Pebble Project is the world’s largest undeveloped copper and gold resource at this time. However, these are not the only resources that the company will have access to once the mine is up and running.




In fact, current resource estimates suggest that there are billions of tonnes of copper, gold, molybdenum, and silver located under the surface at the mine. At the end of the day, if NAK does access these resources, it will be sitting on a literal and figurative gold mine with the ability to pull massive amounts of basic materials out of the earth.

This alone is a big opportunity. However, looking into NAK stock, the opportunity becomes even more clear. Over the past five years, the value of the stock has seen dramatic declines as the company battled with the EPA to obtain the ability to file for permits. While the stock has come back from lows, it is still priced at an incredible discount due to years of declines. So, not only is there an opportunity to get in on one of the world’s largest mines, that opportunity comes at a discount!

Minimal Risk

As mentioned above, if you would have asked me about Northern Dynasty Minerals a couple of years ago, I would have told you to stay away. That’s because the company was in a battle with the EPA and it seemed like they would never be able to apply for permits for the Pebble Project. However, that has changed in a big way.

Earlier this year, it was announced that NAK and the EPA had reached a settlement. Under the terms of the settlement agreement, the company was given a clear path to permitting. Essentially, the company had to prove that the Pebble Project would not have a negative effect on the environment in which it sits.

For several months, NAK has been working to prove this, and it has largely done so. Recently, the company announced plans surrounding the Pebble Project that put several environmental safeguards in place. On top of that, the company outlined the economic benefits the mine would have on the community in which it sits. Chances are that approval will be a breeze due to these plans.

On top of that, the company recently announced the hiring of Mark Hamilton. Hamilton is a key figure in the Alaskan community, and he will likely make the permitting process even easier than it seems to have become.

Finally, while the risks have been reduced greatly, they’re likely to be reduced further. Recently, Northern Dynasty Minerals has been hinting at partnerships. In fact, many, including myself, believe that the fact that the company has hired Hamilton is a sign that partnerships are all but signed, sealed, and delivered. These partnerships will further minimize risk for NAK and its shareholders.

What We’re Seeing From The Stock Today

As investors continue to await news of partnerships, excitement continues to grow. In fact, the stock is having another strong day in the market today. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:01), NAK is trading at $2.23 per share after a gain of $0.06 per share (2.76%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on NAK. In particular, we’re interested in following the ongoing permitting process of the Pebble Project and excited to see the company move to the development phase. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Camber Energy Inc CEI Stock News

Camber Energy Inc (NYSEAMERICAN: CEI) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced an asset sale that is leading to excitement among investors who are pushing the value of the stock toward the top. Today, we’ll talk about the asset sale, what we’re seeing from CEI as a result, and what we’ll be watching for ahead.





CEI Announces Sale Of Permian Basin Acreage

As mentioned above, Camber Energy is having an incredibly strong day in the market today after the company announced a massive asset sale. In a press release early this morning, the company announced that it has sold some of its Permian Basin acreage position.




In the press release, CEI said that on November 9, 2017, the company and its joint venture partner, NFP Energy LLC., entered into a mutual agreement that would lead to the sale of 2,582 acres in the Permian Basin. The sale will take place at a price of $1,000 per acre. The acreage is part of the “Jackrabbit” project, which targets the San Andres formation in the Permian Basin. In the PR, the company said that it will maintain a 90% working interest in the residual 1,100 acres, which Camber will be putting on the market.

This sale ultimately puts CEI in a better financial position. In fact, with the proceeds from the sale, Camber Energy has repaid the first and second lien holders who financed the original acquisition of the Jackrabbit Project.

Also, the company announced that it has entered into a non-binding letter of intent to acquire 95% net working interest in 3,220 net acres in Yoakum County, Texas. This acreage sits within a 6,000 acre area of mutual interest in the Permian basin. In a statement, Richard Azar II, acting CEO at CEI, had the following to offer:

Camber decided to sell the JackRabbit, Gaines County acreage, to reposition the Company on what it believes is geologically lower risk, productive acreage with lower lease costs and the potential for significant improvement in drilling, completion and operating costs and efficiences.

The San Andres formation has a very large footprint in the Permian. Camber’s potential new acquisition of the Yoakum County acreage working interest may provide Camber with an opportunity to better position its Permian exploration and production plans and implement its core expertise in using horizontal drilling, dewatering, and depressurizing reservoirs to extract residual hydrocarbons from prime productive Residual Oil Zones (ROZ).”

What We’re Seeing From The Stock As A Result

As investors, we’ve come to expect that when positive news is released, we can expect to see gains in the value of the stock the news is centered around. That’s exactly what we’re seeing today. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (8:32), CEI is trading at $0.22 per share after a gain of $0.02 per share or 9.17% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on CEI. In particular, we’re interested in following the company’s ongoing work in the Permian Basin and we’re excited to learn more about the coming exploration of new acreage. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Northern Dynasty Minerals Ltd NAK Stock News

Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) is having yet another strong start to the trading session this morning after climbing by nearly 8% in the market yesterday. While the company hasn’t released any news this week, there’s a good reason that investors are pushing this thing toward the top at the moment. Today, we’ll talk about what we’re seeing from the stock, why investors are excited, and what we’ll be watching for with regard to NAK ahead.





What We’re Seeing From NAK

As mentioned above, Northern Dynasty Minerals is having yet another strong start to the trading session this morning, following up on the nearly 8% gains the stock posted in the market yesterday. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (8:00), NAK is trading at $2.34 per share after a gain of $0.05 per share (2.18%) thus far today.




Why Investors Are So Excited

With no news out this week, many may find it strange that NAK is finding its way toward the top with more than 10% gains between yesterday and the pre-market today. So, what’s the deal? Why is it that investors are so excited? Well, they are waiting on partnership news.

You see, for months now, Northern Dynasty Minerals has been on track to get the permits going for the Pebble Project, a massive mine that is essentially the key value driver for the company. However, in order to develop the mine, the company will likely need financial partners.

Nonetheless, over the past several months, NAK has been hinting about conversations with “a consortium of potential partners.” From there, just last week, the company announced that it has hired Mark Hamilton to play a key role in the Pebble Project. Hamilton is a key figure in Alaska, and he has the ability to help in a big way with permitting the Pebble Project. However, he’s not cheap.

Many argue that NAK wouldn’t be making such a high profile hire if they didn’t have partnerships in the bag. After all, without financial partners, taking on yet another large salary could be a major issue on the financial side. So, many, including myself, believe that the announcement of the company bringing Hamilton on board is a signal that partnerships are just around the corner.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on NAK. In particular, we’re interested in following the story surrounding the potential partnerships that should be announced relatively soon. We’re also excited to follow the permitting process. With Hamilton on board, permits should be relatively easy to attain. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Northern Dynasty Minerals Ltd NAK Stock News

Northern Dynasty Minerals Ltd. (NYSEAMERICAN: NAK) is having a strong day in the market today after the company announced the hiring of Mark Hamilton. While this is great news, I believe that this new, high-profile hire is a signal of yet another big event to come. Today, we’ll talk about the Hamilton hire, what we’re seeing from the stock as a result, why this could be a prelude to some big news, and what we’ll be watching for ahead.





NAK Hires Mark Hamilton

As mentioned above, yesterday, Northern Dynasty Minerals announced that its wholly-owned subsidiary, Pebble Limited Partnership has made a key hire. The company has hired Mark Hamilton to serve as its Executive Vice President of External Affairs. Mark Hamilton is a retired Major General of the United States Army and President Emeritus of the University of Alaska. In a statement, Pebble Partnership CEO Tom Collier had the following to say about bringing Hamilton into the NAK family:




Mark Hamilton is among Alaska’s best known and most highly respected residents, in large part for his tremendous accomplishments and service to the state over 12 years as President of the University of Alaska… We fully expect Mark’s vision, his leadership and his credibility to materially advance our efforts to re-position the Pebble Project, to ensure it provides meaningful enduring benefits to the people of Bristol Bay and Alaska, and to help create the social and political conditions necessary to permit this project in the years ahead.”

What We’re Seeing From The Stock

As mentioned above, NAK is having an incredibly strong time in the market today following the announcement that the Pebble Project has hired Mark Hamilton. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:44), NAK is trading at $2.085 per share after a gain of $0.075 per share (3.73%) thus far today.

The Hamilton Hire Is A Signal Of Bigger News To Come

There’s no doubt that Mark Hamilton is going to be a big player in the Northern Dynasty Minerals family. When we look at this at first glance, we think about the benefits he’s going to bring to the permitting process. With his clout and relationships in the community, he’s likely to ensure that the Pebble Project’s vision stays clear and the project does make it through not just the first round of permits, but expansion permits that have been hinted at as easier to get down the road by reducing the proposed footprint for now.

However, there have also been some other big hints. Recently, NAK management has consistently pointed to partnerships that are likely coming down the line relatively soon. These partnerships are key to the development of the Pebble Project. However, we haven’t heard any solid news as of yet. Nonetheless, with Mark Hamilton being hired, NAK has made yet another pretty large commitment. I couldn’t see the company doing this unless partnerships were already pretty well in the bag. However, with partnerships just around the corner, a commitment like this could be a pretty simple one to make.

With that said, I’m expecting that the next big piece of news that we get out of Northern Dynasty Minerals will be a partnership agreement, or a consortium of agreements with various big players in the basic materials industry.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on NAK. In particular, we’re interested in following the story surrounding the partnership agreements that the company is likely to announce relatively soon. We’ll also be following the Pebble Project permitting process, and the rest of the story closely. Nonetheless, we’ll bring updates to you as they break!

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Seadrill Ltd SDRL Stock News

Seadrill Ltd (NYSE: SDRL) is having an incredibly interesting day in the market today. The stock spiked dramatically early on, making it to gains of more than 20%. However, the stock has started to slide more recently, giving up a good amount of these gains, but still holding onto some impressive profits. So, what’s the deal? Why was the stock up so dramatically this morning before going on the decline? Today, we’ll talk about what’s propping the stock up, why it fell from highs, what we’re seeing from the stock at the moment, and what we’ll be watching for with regard to SDRL ahead.





Why SDRL Is Up In General

Seadrill is a company that’s focused in the industry of offshore oil. As a result, when the price of oil finds its way upward, the stock tends to follow suit thanks to the strong correlation between SDRL and oil. Well, recent news surrounding oil has been vastly positive.




Most recently, there has been the story of OPEC further extending production caps. Since the production caps have been in place, many experts have argued that OPEC simply wasn’t doing enough to bring balance to the oil industry. Nonetheless, OPEC argued that their moves would have a positive effect on the industry in time. While we may be getting to the end of the already agreed upon oil production caps, recent political changes in Saudi Arabia have led to renewed hopes that caps will be extended.

Recently, Saudi Arabian Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, made some serious enemies with a political purge in the country. However, through this purge, he essentially gave more power to himself. This is a great thing for oil, as the Crown Prince is interested in maintaining production caps and bringing further balance to the oil industry. This, in combination with recent agreements to extend production cuts in Russia and other major producing regions, has led to gains in oil, which ultimately has propped up the value of SDRL.

Why SDRL Fell From Highs

Today started off as an incredible day, with Seadrill shares spiking by more than 20%. However, the stock has fallen off of highs recently, but why? Well, the answer is relatively simple. News with regard to the oil sector hit, and this time, it wasn’t good.

Investors cringed when the United States EIA reported crude oil inventories. According to the report, crude oil inventories climbed by 2.2 million barrels in the week ending November 2. This came as a surprise due to estimates that crude oil inventories would fall by 1.562 million barrels in the country. Considering that the driving factor in the price of oil is supply and demand, the added supply proved to be a cause for concern, causing the value of oil to slide. Ultimately, this led to some pain for SDRL, but didn’t take away all of the day’s gains.

Where SDRL Sits Right Now

While it would have been great to see Seadrill hold onto the gains seen early this morning, the stock still isn’t doing bad in the market today. Of course, our partners were the first to alert us to the gains in the stock. Currently (11:10), SDRL is trading at $0.44 per share after a gain of $0.03 per share (7.36%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on SDRL. In particular, we’ll be watching for any updates associated with the oil industry as a whole as well as the company’s direct business operations. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Chesapeake Energy Corporation CHK Stock News

Chesapeake Energy Corporation (NYSE: CHK) is having an overwhelmingly strong start to the trading week this morning, and for good reason. The price of oil is climbing, which ultimately means that good news is likely to hit the company ahead. Today, we’ll talk about what’s going on with oil, what we’re seeing from the stock as a result, and what we’ll be watching for with regard to CHK ahead.





Rising Oil Prices Send CHK Skyward

As mentioned above, Chesapeake Energy is having an incredibly strong start to the trading week in the market this morning, and for good reason. The price of oil is climbing. In fact, oil is currently trading at the highest price it’s seen since July of 2015 after Saudi Arabia’s crown prince, Prince Alwaleed bin Talal, increased his power in the kingdom. He did so through the launch of what is known as the anti-corruption purge.




Prince Alwaleed bin Talal recently said that he backed an extension to production cuts by OPEC, a group of the world’s largest oil production countries. As a result, OPEC will meet at the end of November to talk about extending the oil production cuts. Of course, if this does happen, it will be a great thing for the stability of the oil price as well as oil-related companies like CHK.

Moreover, there are other factors playing a role here. Over the weekend, leaders from Saudi Arabia, Russia, Kazakhstan, and Uzbekistan met in order to discuss the current condition of the oil market. All of these leaders said that they were willing to maintain restrictions on oil production to address the supply glut and continue to prop prices upward. In a statement, the Russian energy ministry had the following to offer:

The participating states expressed satisfaction with the decline in commercial oil inventories and expressed their readiness to continue joint efforts in this direction.”

How CHK Reacted To The News

As we’ve come to expect, any time we see news that can positively impact a publicly-traded company, we can expect to see gains in the value of the stock that represents the company. In this particular case, the news surrounding oil is propping the value of oil upward, and due to the gains in oil, CHK is enjoying gains itself. Of course, our partners at Trade Ideas were the first to alert us to the movement. At the moment (10:57), CHK is trading at $4.04 per share after a gain of $0.31 per share (8.16%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on CHK. In particular, we’re interested in following the news surrounding the oil industry as a whole. With the coming OPEC meeting, any agreement to extend production cuts could lead to further gains in the value of oil, ultimately sending Chesapeake Energy Corporation shares even further upward. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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United States Steel Corporation X Stock News

United States Steel Corporation (NYSE: X) is having an overwhelmingly strong start to the trading session in the pre-market hours this morning, and for good reason. The company reported its earnings for the third quarter, blowing away expectations and setting the stage for a strong Q4. Of course, our partners at Trade Ideas were the first to alert us to the gains. Below, we’ll talk about what we saw from earnings, how the stock reacted to the news, and what we’ll be watching for with regard to X shares ahead.





United States Steel (X) Reports Earnings

As mentioned above, United States Steel Corporation is having a strong start to the trading session in the pre-market this morning after reporting overwhelmingly strong earnings for the third quarter. Here’s what we saw from the earnings report:




  • Earnings Per Share – In terms of earnings per share, X definitely did not disappoint. During the quarter, the company generated earnings in the amount of $0.92 per share. That figure proved to be well ahead of analyst expectations of just $0.67 per share. On a GAAP basis, the company generated a profit of $0.83 per share.
  • Revenue – Revenue also proved to be a strong point for the X earnings report. During the quarter, analysts expected that United States Steel Corporation would produce revenue in the amount of $3.04 billion. However, the company actually reported revenue in the amount of $3.25 billion.
  • Guidance – Finally, on a full-year basis, the company created even more excitement with regard to their expectations. During the 2017 year, X is expecting that it will generate earnings in the amount of $1.70 per share. However, analysts are only expecting for full-year earnings to come in at $1.62 per share.

In a statement, Dave Burritt, President and CEO at United States Steel had the following to offer:

We remain focused on our operations, revitalizing our assets, and developing our talent. We are seeing operating improvements in the assets in which we are investing… This increases our confidence that we will achieve the 2020 improvement targets we have disclosed. We believe the attention to our assets and employees, with continued focus on improving safety, quality, delivery, and cost, will result in improved operating reliability and enable us to remain a strong business partner for our customers.”

What We Saw From The Stock As A Result

As we’ve come to expect any time a publicly traded company reports strong earnings, United States Steel is having an incredibly strong time in the market today as a result. Currently (9:08), X is trading at $27.69 per share after a gain of 9.36% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on United States Steel. In particular, we’ll be watching for any updates with regard to steel pricing, as well as the company’s ongoing growth. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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AK Steel AKS Stock News

AK Steel Holding Corporation (NYSE: AKS) is having an overwhelmingly rough start to the trading session this morning, and for good reason. The company reported its earnings for the third quarter, falling short of analyst expectations. Of course, this led to fear among investors, sending the stock downward and prompting an alert from our partners at Trade Ideas. Below, we’ll talk about what we saw from earnings, how the stock reacted to the news, and what we’ll be watching for with regard to AKS ahead.





What We Saw From AKS Earnings

As mentioned above, AK Steel Holding Corp. is having an incredibly rough start to the trading session this morning after the company reported earnings that fell short of analyst expectations. Here’s what we saw from the report:




  • Earnings Per Share – In terms of earnings per share, AKS missed the mark. During the third quarter, analysts expected that the company would generate earnings in the amount of $0.03 per share. However, the company missed expectations by 33.3%, generating earnings for the quarter in the amount of $0.02 per share.
  • Revenue – Unfortunately, revenue didn’t prove to be any better for the company, missing expectations yet again. During the quarter, analysts expected that the company would generate revenue in the amount of $1.5 billion. However, the company actually reported revenue in the amount of $1.49 billion, missing expectations once again.

How The Stock Reacted To The News

As you could imagine, AK Steel Holding didn’t have a very positive reaction to earnings. After all, with a miss on the books, investor fears hit hard, sending the stock spiraling downward. Currently (9:35), AKS is trading at $5.22 per share after a loss of $0.63 per share (10.77%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on AKS. In particular, we’re interested in following the company to see how they come back from the earnings miss. We’ll also be following the steel industry as a whole to get an idea of what market-wide benefits or issues the company will be facing in the quarter ahead. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Northern Dynasty Minerals Ltd NAK Stock News

Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) is having a relatively strong start in the pre-market hours this morning. The gains seem to be the result of the fact that basic materials pricing – copper pricing in particular – is headed upward. Of course, copper is a key material that will hopefully be mined at the Pebble Project. As a result, excited investors are working to send the stock toward the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (8:47), NAK is trading at $2.03 per share after a gain of $0.04 per share (2.01%) thus far today.





Should You Get Involved In NAK?

This is the million dollar question, and while I can’t give any personalized investment advice (it would be illegal for me to do so), I can tell you to look or not look at something. From there, it’s up to you to make your own educated decision. Nonetheless, if I were asked this question a year or so ago, I would have told you to stay as far away from Northern Dynasty Minerals as possible. At the time, things simply weren’t going well.




You see, about a year ago, NAK was elbow deep in a battle with the EPA. While the company wanted to get the Pebble Project up and running, it simply couldn’t do so. The EPA continuously blocked the company’s ability to file permits. As such, moving forward with the Pebble Project would have been an illegal action because the project wasn’t permitted.

Nonetheless, things have changed greatly over the past year. The most important of these changes was the fact that NAK and the EPA came to terms on an agreement to make permitting possible for the mine. Under the agreement, Northern Dynasty Minerals had to work to prove that the Pebble Project wouldn’t have a damning effect on the Alaskan environment surrounding it.

What’s Happened Since The Settlement?

Since the settlement, news has consistently been positive for NAK. Most recently, the company announced its plans surrounding the Pebble Project, and those plans make it hard to imagine that even the most protective members of the EPA would want to block the construction of the mine. Ultimately, the company put several safeguards into place in order to protect the environment surrounding the mine.

In their plans, NAK announced that it has vastly reduced the footprint of the Pebble Project. As a result, the project would stay away from key spawning grounds for salmon and prove to be more environmentally friendly. On top of that, the company announced that it would not be using cyanide in the mining process; cyanide is a chemical that proved to be a major source of concern for those going against the Pebble Project.

Nonetheless, Northern Dynasty Minerals didn’t stop there. Beyond the environmental protection the company announced associated with the mine, the company also announced the economic benefit the mine would have for the region. With the above environment-related news, NAK went into detail about the thousands of jobs the project would add to the region’s economy, as well as a revenue sharing program that would lead to an even stronger economic impact.

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The Bottom Line

The bottom line here is a relatively simple one. Considering the plans surrounding the Pebble Project, NAK is likely to receive permit approval from the EPA. As a result, the prospects associated with the mine are massive. If all goes well, the Pebble Project will be one of the world’s largest basic materials mines. With recent EPA news, the company is gaining interest from potential partners that will share the costs associated with moving forward with the project. As a result, not only is the mine likely to come to fruition, it’s likely that the company will have the strength and support of larger basic materials companies in the process. All in all, things are looking up for NAK.

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...