Basic Materials

Seadrill Ltd SDRL Stock News

Seadrill Ltd (NYSE: SDRL) is off to an incredible start to the trading session today, and for good reason. It was announced that the CEO of the company has made the decision to resign. This ultimately led to excitement among investors, causing the stock to skyrocket and our partners at Trade Ideas to alert us to the gains. At the moment (10:09), SDRL is trading at $0.63 per share after a gain of $0.04 per share or 6.21% thus far today.





SDRL CEO, Per Wullf, Resigns

As mentioned above, Seadrill is having an incredibly strong day in the market today after the company’s Board of Directors announced that Per Wullf has made the decision to resign as CEO. As a result, his tenure as CEO at the company will come to an end at the end of June. However, he will remain a Director of the company. In his place, Anton Dibowitz will take on the position as the new CEO of the company. In a statement, Per Wullf, CEO and President of SDRL had the following to offer…




I am immensely proud of my time at Seadrill, first as Chief Operating Officer and for the past four years as Chief Executive Officer. After 37 years in this fascinating industry, I want to reduce my day to day work commitments and spend more time at home in Denmark. As Seadrill is approaching key milestones for the company’s restructuring, the time is right to inform all stakeholders that I will not lead Seadrill in the company’s next era and hand over to Anton, who will make an excellent CEO. I would like to thank everyone at Seadrill for their support, passion and tenacity over the years and I look forward to our continued journey together.”

The above statement was followed up by Anto Dibowitz, the incoming CEO. Here’s what he had to say…

I am deeply honored that the Board has appointed me to succeed Per as Chief Executive Officer of Seadrill. We have a world class business with high quality people, a young and modern fleet and strong client relationship. There are short term challenges to overcome in Seadrill and the industry but I look forward to playing my part in returning Seadrill to growth, together with the great team we have working here.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SDRL. In particular, we’re interested in watching to see how Dibowitz will perform as CEO of the company. We’re also keeping a close eye on the oil sector, with OPEC meeting relatively shortly, we could see some big movement ahead. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!

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Petro River Oil Corp PTRC Stock News

Petro River Oil Corp (PTRC)

Now that the U.S. has an administration in the White House that is bent on making the nation energy independent, investors should embrace an opportunity to find and profit from emerging, under-the-radar stocks. Finding them is not enough, though. Investors also need the willingness to get out in front of the trade to bank the rewards. Since President Trump took office, my focus has been on finding the finest of the emerging energy bunch, taking advantage of small and micro-cap opportunities that can deliver both near and long-term value to investors with an appetite for adding risk to their investment portfolio. Now that oil has made a break above the $50 level for the first time in weeks, the desire for energy-focused investment is on the rise. And, as is usually the case during market rotation, the clear winners are the early adopters that take positions well ahead of the shifting market, enabling them to capture gains from the change in momentum, which brings prime opportunity to score stellar returns.

As CNA Finance followers and subscribers know, I am uncompromising when it comes to uncovering the next pack of developing leaders in a reinvigorated sector, and Petro River Oil has advanced to my list of emerging oil producing favorites. Petro River Oil (PTRC) is deserving of the attention, and when compared to its peers, the case for substantial share price increase and long term opportunity gets magnified. Now, it’s up to investors to look at the big picture to understand and take advantage of the opportunity developing at PTRC.

PTRC Is Primed

No investment comes without risk, and when it comes to investing in the oil and gas industry, those risks often get intensified. While capital intensive pressures play a significant role in individual success and failure, the concern of the regulatory pressures put on producers has also played an intense role in limiting the opportunities for small competitors. Finally, this trend in overzealous oversight may have ended, and the next four to eight years may be the best chance investors have had in quite a while to entertain the idea of adding oil producing companies to their investment portfolio.

While PTRC may be under-the-radar to many investors, the stock has been on my screen for several months, and now that the company has completed a series of steps necessary to advance to the next stage of viable and long-term production, the investment thesis is compelling.

Why? It’s simple. Markets rotate, and when they do, investors are provided a golden opportunity to become a first responder, taking advantage of the low-hanging fruit that less aggressive investors leave on the table. My investment style is comparable to my eating habits – I partake in the appetizers. The similarity is that just like a good appetizer may oblige the early pangs, the main course is usually more satisfying. Thus, why not enjoy both, and take advantage of the satisfaction that each has to offer? Following that logic, taking an early bite into PTRC is attractive, potentially allowing investors to realize quick gains coupled with long-term satisfaction.

Investors have already been nibbling at PTRC stock, with shares up over 43% since the beginning of May. But, the increase may only be setting the stage for a significant move higher as investors come to recognize the inherent value in the company. Simply put, my excavation practices may have uncovered an investment opportunity in PTRC that the market herd is yet to recognize.

Petro River Oil As An Emerging Oil Stock

From my vantage point, accumulation in PTRC started two months ago, with volume increasing from 10X to 50X normal trading levels. Obviously, there are interested parties that see potential in the company. Despite the recent increase in share price, though, I believe the company has significant opportunity to run higher, with sights set on a near-term return of more than 100% from current levels. My bullish views are not outrageous, and they get substantiated by the proven reserves, the strength of the balance sheet, and by the company’s strong management team, who have clearly demonstrated the capability to accomplish their goals in an efficient and cost-effective manner.

If my analysis proves to be correct, the early investors into PTRC may sense that the company is now positioned to generate substantial revenue at current oil prices. In fact, the company has stated on several occasions that even a sub $40 per barrel spot price keeps the pumping profitable. Independent from the company’s statements, outside analysts have suggested that PTRC is positioned even better, enjoying the capability to generate profitable returns on oil priced as low as $35 per barrel.

Unlike the plethora of start-up production companies, Petro River Oil did not blindly meander into the oil business. The PTRC mission is calculated, designed, and intended to deliver returns. Focusing on the proven grounds of Osage County, Oklahoma, PTRC has spent the past several months conducting 3D seismic testing to recognize opportunity and minimize risk. As experienced sector investors know, oil production is a zero sum game for inexperienced drillers. Dry wells produce nothing and can be an exhaustive drain on capital resources. Despite the proven reserves in Osage County, small and inexperienced producers have gone belly-up trying to bring the black-gold to the light of day. Others, however, have made fortunes. And, because PTRC is taking a prudent, step-by-step approach to limit production risk, the company may indeed become the newest initiate to the “fortunate” club.

Osage County, Oklahoma, PTRC Historic Opportunity

Money making opportunity in Osage County, Oklahoma is not a new concept. The grounds were proven fertile well before Oklahoma became a sovereign state. Oil pioneers became aware of the underground asset in the early 1800’s and quickly took advantage of its potential, learning that the geographic location provided an inexpensive means of pumping the oil to the surface, a factor that still exists today.

Production was booming in the region for decades, and it wasn’t until the U.S. government entered the fray that the market took a turn. Typical to over-regulation and unintended consequences from ill-advised government intervention, many producers left the region. The oil remained, however, and with it the opportunity for innovative and experienced producers, like PTRC, to exploit the area for this valuable resource. Now, with a softening political climate, and technology capable of substantiating production value, smart companies have brought their focus back to Oklahoma, where billions of dollars in oil reserves lay in wait.

As others ran from the heavy government oversight and stifling regulations enforced by the former administration, PTRC intensified investment in the region upon the belief that the Trump Administration may finally clear a path to unobstructed production with a business-minded approach to regulation. Certainly, President Trump is a hawk when it comes to becoming an energy independent nation, which bodes extremely well for Osage County producers, particularly for vertical drillers like PTRC.

Osage County producers have been no stranger to bureaucratic roadblocks. But, much of the decades-long political wrangling came to a head in the first quarter of 2016, with a strong case presented to alleviate the bureaucratic delays from an understaffed Bureau of Indian Affairs and the U.S. government’s restrictive EPA office. Already showing progress, the promises made and executive actions taken by President Trump to reduce or eliminate the debilitating effects of government intervention are beginning to pay dividends to Osage County producers. For companies like PTRC, who staked their claims before the political shift, the rewards could be substantial by taking advantage of the fertile grounds and state-of-the-art technology at their disposal.

Petro River Oil Is Positioned To Exploit Institutional Interest

Petro River Oil is in an enviable position to deliver substantial returns for investors. Additionally, they are also ideally placed to take advantage of renewed institutional interest in the sector. As an example, investors should focus on a deal recently announced by PetroShare to understand the opportunities that PTRC may be able to exploit.

On Friday, PetroShare (PRHR) (not affiliated with Petro River) announced that they had been underwritten to offer $50 million in common stock through Johnson Rice and Seaport Global. Now, not until you realize that PetroShare had revenue of only $1.5 million in the first quarter of this year, compared to zero a year ago, does the offering demonstrate the institutional interest on a grander scale. The offering swallows the entire market cap of PetroShare, which after Friday’s close stood at roughly $43 million dollars. Beyond the impressive size of the offering, however, the cash is going to a company that has significant debt overhang, a history of quarterly losses, and virtually no trading volume in the stock. On the other hand, the corporate weaknesses on display at PetroShare can play extremely well for Petro River Oil, which clearly shows superiority on a multitude of fronts that can bring with it stronger interest from institutional money.

Side by side, Petro River is a stronger company on almost every business metric. While PetroShare is doing what they can do increase shareholder value, their funding news also serves to validate interest on the institutional front that may surely benefit Petro River.

To be clear, we’re talking about an institutional market that is becoming interested in financing emerging oil producers, and it’s not my intent to place PetroShare into the Hall of Shame. But, comparing the two companies offers insight into the substantial opportunity available to PTRC. Taking a closer look at the two invariably highlights the distinctions and why institutional interest may soon avail themselves to PTRC, which could generate major increases in shareholder value.

First, Petro River has no debt and has secured the funding for planned 2017 drilling programs. In contrast, PetroShare, in March of 2017, entered into a $10 million PIPE financing to raise the capital necessary to perpetuate lease development.

Second, while both companies utilize 3-D seismic technology to prove wells and de-risk exploration, only Petro River has the capability to drill vertical wells. Thus, for PetroShare, the horizontal drilling method may turn out to be a one-and-done approach, adding significantly greater risk and cost in comparison to wells explored through vertical drilling.

Third, PetroShare has a share price of roughly $1.90 a share, with approximately 22 million shares outstanding. While not necessarily an excessive number of shares issued, they are obligated to senior secured debt of about $12 million, and an additional $10 million in unsecured convertible notes. In addition to the convertibles, they also have a warrant overhang that has an exercise price of $3.00 per share, which can bring in $20.1 million with associated dilution of 6.7 million shares. Now, for those who may not understand the entirety of warrant structure, they often play the devil’s role, with astute investors hedging the warrants against a position or using an arbitrage strategy to benefit from the structure of the warrants. While the smell of warrant money is attractive to many retail investors, the untold truth is that the warrants often have a debilitating effect on share price, keeping a ceiling in place for the stock price and causing financial and negotiation distractions for a company that becomes desperate for cash.

The Petro River Oil Distinction

In comparison to the metrics listed, Petro River has 15.8 million shares outstanding, a $1.25 stock price and a market cap of approximately $20 million dollars. Now, while both the market cap and stock price are lower in comparison, PTRC has no debt, no warrant overhang, and no convertible loan features to dilute growth. Therein lay the distinction and opportunity I alluded to a few sections ago. With institutional investors now warming up to financing these emerging players, it makes strategic and financial sense for institutional investors to cozy up to companies positioned for sustainable growth, especially ones sitting as well as PTRC. Thus, while PetroShare may soon execute on their $50 million dollar dilutive offering, the terms for Petro River may become progressively better. Adding

intrinsic value, both companies have strategic partners to assist with growth and strengthen the balance sheet. Petro River enjoys a partnership and 20% ownership interest in Horizon Energy Partners, a potentially lucrative investment. PetroShare has a strategic alliance with Providence Energy Group, who owns approximately 13.7% of the company’s outstanding shares through a $3 million purchase during the company’s IPO.

Comparing the two, while taking into account the news of the pending cash raise at PetroShare, the deal only bodes well for PTRC shareholders in the future. If and when PTRC decides that they want to address the capital markets, they will have the ability to negotiate from strength and clearly show that the terms provided to PetroShare serve as a starting template for any proposed funding agreements. In simplest terms, with PTRC being the better company, there is no reason they should not enjoy better conditions, better underwriters, and greater investor interest in the near-term future.

Where PTRC Will Profit

Petro River Oil is generating meaningful press. On May 8th, PTRC announced the discovery of a new oil field in its Osage County concession. While the company needs to perform some exploratory work to substantiate the potential of the well, initial results are encouraging. According to the company, preliminary testing indicated strong production potential with up to 20 feet of oil productive formation. Confirmatory tests are planned to evaluate the extent and potential of the discovery, and the company has announced that they plan to perform additional 3D seismic testing on new channel sand formations, which have indicated a potential to deliver over 2.5 million barrels of oil.

Investors should not look at the discovery as a one-off, potentially winning lottery ticket. History suggests that additional oil deposits will likely emerge in nearby concessions. PTRC management is cautiously optimistic, believing that the initial discovery confirms their 3D seismic testing technology, which will likely lead to the development of two additional wells in the coming weeks and months. In addition to news of their recent discovery, management reiterated their confidence in its 3D seismic testing, indicating to investors that they believe to have discovered the possibility to develop an additional 12 producing fields, which could generate significant revenue streams and shareholder value.

As of May 2017, PTRC listed current assets at over $28 million, with cash receivables more than $5 million. As noted earlier, the company has no debt. The most recent balance sheet shows that the stock has a book value of $1.03 per share and a cash value of roughly ten cents a share. In comparison to industry valuations, with PTRC trading at around 1.5X its tangible value, the case for PTRC being undervalued is made stronger.

Now, it is true that not all emerging stocks are created equal, and the markets rarely price emerging companies efficiently. For undiscovered and growing stocks, like PTRC, the challenge is less about demonstrating its clean balance sheet and catalyst rich future than it is about getting investors to understand the value trapped beneath the surface of their name. For PTRC, there is value on several fronts, inclusive of a respectable balance sheet, an experienced management team, use of state-of-the-art 3D seismic testing technology, and most importantly, a recent discovery of assets that may serve as a leading indicator for the discovery of new and potentially lucrative oil deposits.

What should be exciting for investors who have today become familiar with PTRC is that the management team is becoming more focused on telling the story to the investment masses. Different from companies that put out multiple press releases a week to build brand recognition without underlying substance, PTRC has kept a spotlight on its accomplishments and is building their brand as a result of success.

For investors who seek out stocks intended to deliver exceptional returns based on substantive data and catalyst potential, Petro River Oil may be an ideal candidate. With the share price higher by over 43% since the beginning of May, this once under-the-radar stock is now obviously on the investing screens by those recognizing the opportunity and potential of this company.

PTRC has mitigated much of the downside risk with a strengthened balance sheet, its minority-owned interest in Horizon, and by its recent asset discoveries. The momentum is in place, and the stage is set for additional market moving developments. At current levels, PTRC is an absolute bargain and is certainly worthy of being positioned as one of my most promising oil stocks for 2017. Factoring in less restrictive oversight that should ultimately lessen the regulatory burden in the Osage County corridor, PTRC may be perfectly positioned to capitalize on both its asset-rich environment and the rejuvenated interest in institutional funding. Each may serve to benefit PTRC in both the near and long term, ensuring long-term viability and sustainable growth potential for the company.

Disclosure: This article was written by Kenny Soulstring, and it reflects my own opinions and unique articulation. This article is not intended to offer investing advice, guarantee 100% accurate predictions or to be interpreted as providing a personal recommendation. What I can guarantee, though, is accurate research, thoughtful analysis and an enthusiasm about any stock that I cover.

While I seek to uncover emerging companies that I feel have true value and potential, it’s important that investors assign an appropriate time horizon to each of their investments, understanding that emerging companies need time to mature.

I wrote this article myself and it includes my own research and expresses my own opinions. I am not receiving compensation for it (other than from CNA Finance). I have no business relationship with any company whose stock is mentioned in this article.

Additional Disclosure: I have no position in any stock mentioned, but may initiate a long position in PTRC within the next 72 hours.

Disclaimer- CNA Finance is NOT an Investment Advisor. Our goal is to bring both news and under discovered stocks to the attention of investors to assist in making smart decisions in the market. CNA Finance is a for profit company. That profit is generated through three (3) different types of relationships. First and foremost, we work with pay per click and CPM advertisers on banners. We also have affiliate relationships with various companies where we earn a portion of the sales we refer. Finally, we may have relationships with some of the companies or IR firms that represent companies mentioned within our works in which we are compensated in cash and or stock for consulting, investor relations, and Press Release services. World Wide Holdings paid CNA Finance $3,000 to hire Perceptive Analytics for research and writing services as well as other investor relations services provided to Petro River Oil Corp by CNA Finance. All information researched and provided through any article associated with Petro River Oil Corp and published on CNA Finance is public information that is documented and available upon request. CNA Finance encourages all investors to seek professional advice before making any investment decision.

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United States Steel Corporation X Stock News

United States Steel Corporation (NYSE: X) is off to an incredibly strong day in the market today, and for good reason. Lately, there has been quite a bit of talk surrounding steel imports, and these talks may turn into action very soon. As a result, investors are excited and United States-based steel companies are flying in the market. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (12:15), NYSE: X is trading at $20.28 per share after a gain of $0.81 per share (4.16%) thus far today.





NYSE: X Gains On Coming Discussions With Regard To Steel Imports

As mentioned above, United States Steel Corporation is having a strong day in the market, along with other steel companies in the United States. Ultimately, the gains are the result of coming discussions with regard to steel imports and the effect of such imports on the domestic steel industry.




For some time, President Donald Trump has been pointing to the steel industry as an industry that needs a bit of restructuring. At the end of the day, increasing imports at less than fair market price is causing serious pain for United States companies that focus on steel, like X. As a result, a discussion is going to take place later this week with regard to the effect of steel imports on domestic steel companies.

To put this all into perspective, in the first quarter, steel imports increased by 19.6%. As a result, Chinese steel now accounts for 26% of the United States steel market. Ultimately, Trump’s goal is to reduce imports or impose price minimums on imports in order to give domestic steel companies an advantage here at home.

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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 X. In particular, we’re going to be following the ongoing discussions with regard to the steel industry and are excited to see what the result is for United States Steel Corporation and other domestic steel companies. We’ll continue to follow the story closely and bring the news to you as it breaks!

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AK Steel Holding Corporation AKS Stock News

AK Steel Holding Corporation (NYSE: AKS) is off to an incredibly strong day in the market today, and for good reason. An OSHA investigation ended just about as quickly as it started, with no problems found. Of course, this led to excitement among investors, sending the stock upward and prompting our partners at Trade Ideas to alert us to the gains. At the moment (11:55), AKS is trading at $5.90 per share after a gain of $0.34 per share (6.22%) thus far today.





AKS Investigation Closed

As mentioned above, AK Steel Holding Corporation is having a strong day in the market today after an investigation turned up no hazards. Recently, the AKS Middletown Works site was under investigation on the grounds of hazardous conditions reported. However, according to documents from the Occupational Safety and Health Administration, the investigation into the site was closed shortly after it was opened because the alleged hazardous conditions simply did not exist.




According to the allegations, “welders have no certification to weld or pressure pipes, structures, railings, etc…” The allegations also suggested that no welding logs were being kept for certification purposes. However, these allegations didn’t prove to be true. In a letter regarding the issue, Mick Paddock, Manager of Safety and Health at the West Chester Township-based company, offered the following:

In that timeframe, AK Steel has certified nearly 200 of its employees as welders…. The enclosed documents confirm that AK Steel maintains appropriate documentation of the certification of its welders, and the complaint’s vague allegation to the contrary is without merit.”

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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, tomorrow is likely to be a big day for the steel industry as a whole as a hearing with regard to the effect of steel imports on safety takes place, which could prove to be a massive boost for the US steel industry. We’ll continue to follow the story closely and bring the news to you as it breaks.

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Gevo, Inc. GEVO Stock News

Gevo, Inc. (NASDAQ: GEVO) is off to a relatively strong day in the market today, and for good reason. Arizona’s Governor has cleared the company’s renewable fuel for road use. Of course, this led to excitement among investors, sending the stock upward and prompting an alert from our partners at Trade Ideas. At the moment (10:51), GEVO is trading at $0.88 per share after a gain of $0.03 per share (3.20%) thus far today.





GEVO Gains On Arizona Road Use Clearance

As mentioned above, Gevo is having a pretty strong day in the market today after announcing that a bill that was signed by Arizona Governor Doug Ducey will allow gas stations to sell isobutanol-blended gasoline for on-road use. This means that the company’s isobutanol blend will likely soon hit gas stations in the state, offering drivers higher performance through the use of renewable fuel content.




The bill, known as Bill HB2368, allows the use of isobutanol as an axygenate in gasoline, particularly for the use of on-road vehicles in Arizona. This law will take effect in August of this year. It will add to the demand for GEVO fuels, which are already being sold in Arizona for off-road applications including boating, ATV’s, motorcycles, landscaping equipment, and more. In a statement, Dr. Patrick Gruber, CEO at GEVO, had the following to offer:

We’re excited that this bill will open up a new market for our isobutanol in Arizona. With our distribution partner Musket already serving marinas, Gevo is ready to take advantage of this new opportunity to expand isobutanol sales in the state…”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on GEVO. In particular, we’re interested in following the news to see what happens to sales once isobutanol blends are able to be used in on-road applications. 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 (NYSEMKT: NAK) is having a relatively strong day in the market today as investors weigh the risk-versus-reward aspects associated with the Pebble Project. At the end of the day, the project could prove to be a massive profit, or massive flop for that matter. Today, we’ll put the Pebble story into perspective for those interested in investing in NAK. With the data at hand here, this could prove to be a very strong long-run play.





Breaking Down The NAK Settlement With The EPA

For some time now, Northern Dynasty Minerals has been working to get the Pebble Project rolling. However, there has been one major thorn in the side of the company. That thorn has the letters E.P.A. written all over it! You see, the United States Environmental Protection agency has been working to block progress on Pebble for some time, suggesting that the mine would impact the surrounding environment in a major way, and blocking the company’s ability to even apply for the necessary permits in order to get the project going.

As a result, NAK pursued legal action against the EPA, stating that the agency has violated the legal rights of the company to pursue these permits. Well, that lit a bit of a fire under the EPA, and recently, the two parties reached a settlement that would allow NAK to apply for the permits required to move forward with the mine.




Northern Dynasty Minerals Has Deadlines, But Is Not Concerned

At the end of the day, the bulls and the bears have been fighting about limits associated with the Pebble Project since the settlement. In particular, the biggest limitation the company faces in the process is time. In fact, under the settlement that was recently reached between NAK and the EPA, the company has key deadlines that it must meet. First off, the company must file permit applications by no later than 30 months from the date of the settlement. On top of that, within 48 months, the company must provide a final environmental impact statement that will be filed by the US Army Corps of Engineers.

Nonetheless, NAK doesn’t seem to be concerned about these deadlines in the least. In fact, they don’t intend on taking more than 30 months, or even a full 12 months, to file the permits. The company said this will be done by the end of 2017. On the environmental impact statement side of the coin, that’s expected to come into play by no later than May of 2021, once again, falling cleanly into the deadlines set through the agreement.

Why This Mine Is Such A Big Deal

At first glance, you may think of Northern Dynasty Minerals’ Pebble Project as just another mine. However, the truth of the matter is that this mine has massive potential. In fact, it is expected that there are 56.8 billion pounds of copper in the mine. This, in combination with 70.4 million ounces of gold, 3.4 billion pounds of molybdenum, and 343.6 million ounces of silver will make this one of the most valuable mines in the world!

In particular, the big key here is gold and copper. At the moment, it’s becoming harder and harder to find stored deposits of copper and gold. This mine just so happens to be one of the biggest stored deposits of these two metals in the world. So, as supplies of these commodities dry up because they are becoming more difficult to find, NAK is sitting on top of, for lack of a better phrase, an incredible gold mine!

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on Northern Dynasty Minerals. In particular, we’ll be watching the Pebble Project, as the company finally has the green light it needed in order to move forward. 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 (NYSEMKT: NAK) had an incredible week last week. However, you wouldn’t know it by looking at the stock today. Unfortunately, it is taking a dive as shorts wage an attack. Of course, our partners at Trade Ideas were the first to alert us to the losses. At the moment (11:20), NAK is trading at $1.70 per share after a loss of $0.15 per share (8.33%) thus far today.





NAK Longs Need To Fight Back

The truth of the matter is that there is no realistic reason for declines on Northern Dynasty Minerals today. If anything, the stock should continue running up. Nonetheless, shorts seem to have taken hold of the stock, pushing it downward. However, the longs can beat them at their own game.

The short and distort game is a relatively simple one. Essentially, short positions are purchased and a slew of reasons to sell the stock start to hit message boards. However, it is a very dangerous game, and if longs fight back, they can feed the shorts the losses that they are trying to force the longs to eat.




How To Fight Back

Fighting back against a short attack like the one that we’re seeing on NAK at the moment is a relatively simple thing to do. Buy shares at the lows. You see, if the longs are able to successfully push the stock back up, all of the short positions the attackers purchased will close at a loss. Not to mention, there’s a very good reason to be long on NAK right now.

You see, Northern Dynasty Minerals has pumped massive amounts of resources into what is known as the Pebble Project. While the EPA has been blocking the company from getting necessary permits for some time, that road block was torn down last week as the company reached a settlement with the EPA. Under the settlement, NAK can now apply for the required permits, giving it the ability to move forward in building one of the largest metals mines in the world! In a statement, Northern Dynasty Minerals CEO Ron Thiessen had the following to say about the settlement:

From the outset of this unfortunate saga, we’ve asked for nothing more than fairness and due process under the law – the right to propose a development plan for Pebble and have it assessed against the robust environmental regulations and rigorous permitting requirements enforced in Alaska and the United States… Today’s settlement gives us precisely that, the same treatment every developer and investor in a stable, first world country should expect.”

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The Bottom Line

The bottom line here is that, while shorts are indeed waging an attack on NAK right now, it is an unjustified ploy to get hold of the money that honest investors have put into a company on the verge of a big break. So, if you’re long on the stock, consider fighting back. If enough do, the shorts will be forced to eat the same losses they are working to shovel down your throat!

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Northern Dynasty Minerals Ltd NAK Stock News

Northern Dynasty Minerals Ltd (NYSE: NAK) is off to an incredibly strong start in the pre-market hours today, and for good reason. The company has been in the midst of a long, drawn out legal battle with the United States Environmental Protection Agency. However, today, that battle comes to an end. Of course, this is leading to excitement among investors and sending the stock upward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:15), NAK is trading at $2.51 per share after a gain of $0.34 per share (15.67%) thus far today.





NAK Gains On EPA Agreement

As mentioned above, Northern Dynasty Minerals is having an incredibly strong day in the market today after it was announced that the company’s wholly-owned subsidiary, Pebble Limited Partnership, has reached an agreement with the United States Environmental Protection Agency. The settlement surrounds the longstanding dispute between NAK and the EPA with regard to pre-emptive regulatory action under the Clean Water Act.




According to the settlement agreement, the EP has agreed that the Pebble Project can proceed into the normal course of permitting. The EPA also agreed that it will not file a Recommendation Determination under the Clean Water Act until a final Environmental Impact Statement for the Pebble Project has been completed by the United States Army Corps of Engineers. That is, as long as it occurs within a period of 4 years following the settlement agreement and NAK files permit applications within 30 months of the date of the settlement agreement. The EPA will also initiate a process to propose to withdraw the Proposed Determination it issued under the Clean Water Act.

In return, the EPA expects NAK and the Pebble Partnership to terminate permanently and with prejudice two lawsuits it has brought against the EPA. Those suits include an action under the Federal Advisory Committee Act and an action under the Freedom of Information Act. In a statement, Ron Thiessen, President and CEO at Northern Dynasty Minerals, had the following to offer:

From the outset of this unfortunate saga, we’ve asked for nothing more than fairness and due process under the law – the right to propose a development plan for Pebble and have it assessed against the robust environmental regulations and rigorous permitting requirements enforced in Alaska and the United States… Today’s settlement gives us precisely that, the same treatment every developer and investor in a stable, first world country should expect.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on NAK. In particular, we’re interested in following the company’s ongoing work with regard to the Pebble Project and happy to see that the company will be able to focus on the project at hand rather than fighting ridiculous legal battles. 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 (NYSEMKT: NAK) is off to an overwhelmingly strong day in the market today, and it’s likely just the tip of the iceberg. The gains are the result of the Pebble Project permits being approved. Of course, this is leading to excitement among investors who are sending the stock upward. As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:09), NAK is trading at $2.09 per share after a gain of $0.05 per share (2.45%) thus far today.





NAK Receives Permit For Pebble Project

As mentioned above, Northern Dynasty Minerals is having an incredibly strong start to the trading session today after announcing that it has received a notice of approval with regard to a key permit. The approval is associated with a Miscellaneous Land Use Permit, which has been issued by the Alaska Department of Natural Resources surrounding the company’s activities at the Pebble Project.




This is overwhelmingly positive news considering that NAK has been working to move forward with the Pebble Project for the past decade. Under the terms of the permit, NAK is required to offer a performance guaranty in the amount of $2 million for any potential reclamation liability. It has been confirmed that NAK will continue the Pebble Project program work through 2017 to prepare the project to initiate permitting under the Clean Water Act and National Environmental Policy Act. In a statement, Tom Collier, Pebble Partnership CEO, had the following to offer:

The Alaska Department of Natural Resources and other state agencies have had an active oversight presence at the Pebble Project site for more than a decade, and have confirmed that Pebble is a well-managed exploration project… We will continue our site operations in 2017 in full compliance with the State’s permit conditions, and in a manner that protects the broader public interest in the lands and resources surrounding the Pebble property.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on Northern Dynasty Minerals. In particular, we’re interested in following ongoing work with the Pebble Project. Not to mention, the extended stay between the EPA and NAK is at its end, so, more positive news is likely coming! We’ll continue to follow the news closely and bring it to you as it breaks!

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Cliffs Natural Resources Inc CLF Stock News

Cliffs Natural Resources Inc (NYSE: CLF) is off to a pretty strong start in today’s trading session and for good reason. Barclays recently weighed in on a key commodity that the company is involved in producing with very bullish views. Of course, this led to excitement among investors, sending the stock upward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (11:18), CLF is trading at $6.34 per share after a gain of $0.18 per share or 2.59% thus far today.





Barclays Gives CLF A Boost

As mentioned above, Cliffs Natural Resources is having a strong day in the market today as the result of comments made by Barclays. While Barclays didn’t make any comments about CLF in particular, the investment bank did make comments with regard to a key product produced by CLF, iron ore.

Recently there’s been a bit of a sell off in the Iron Ore industry, sending prices downward. However, Barclays says that the sell off is overdone and is expecting for iron ore prices to stabilize very soon. This is great news for Cliffs Natural Resources as it is involved in the production of the commodity. So, when iron ore gains, CLF gets a boost. In a statement, Barclays had the following to offer with regard to the iron ore sell off…




Supporting that call is the recent reversal in several trends, including a surprise build in global iron ore port stocks and a strengthening of China’s domestic mill profitability… Our ‘switching’ thesis looks to have moved in reverse in the short term. By that we mean that the improving in benchmark steel prices indicates a return to prioritization of yield for China’s domestic mills (in line with improving profitability).”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CLF and the iron ore industry as a whole. In particular, we’re interested in seeing if Barclays was indeed correct about iron ore and if the value of the commodity is soon going to rise. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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