Basic Materials

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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Chesapeake Energy Corporation CHK Stock News

Chesapeake Energy Corporation (NYSE: CHK) is having an overwhelmingly strong morning in the market this morning, and for good reason. The value of the company’s flagship product is climbing due to US oil stockpile information. Of course, this is leading to excitement among investors, causing gains and prompting our partners at Trade Ideas to alert us to the gains. A the moment (11:05), CHK is trading at $5.74 per share after a loss of $0.34 per share or 6.20% thus far today.





CHK Benefits From Improving Oil Prices

As mentioned above, Chesapeake Energy is having an incredibly strong day in the market today, and for good reason. The company is focused on oil, as such, when the price of oil heads upward, the stock tends to follow. Well, that’s exactly what’s happening at the moment. Oil prices are extending gains at the moment, leading to gains in CHK.




The reason for gains in oil has to do with stockpiles in the United State. According to government data from the United States Energy Information Agency that was released, US crude inventories are falling. In fact, in the past week, inventories have fallen by 5.2 million barrels to a total of 522.5 million barrels.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CHK. In particular, we’re interest in following the oil story. As we know, Chesapeake Energy focuses on oil, so as oil moves, we can expect movement in the stock. 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 (NYSEMKT: NAK) is off to another incredible run in the market today. This is something you wouldn’t expect if you were to pay too much attention to the Kerrisdale short report on the stock a short while ago. However, investors are proving that Kerrisdale was so very wrong! In fact, today is yet another day where we’re seeing such strong gains that our partners at Trade Ideas were prompted to alert us. At the moment (11:10), NAK is trading at $1.98 per share after a gain of $0.16 per share (9.07%) thus far today.





Kerrisdale Silently Admits It Was Wrong About NAK

As mentioned above, Kerrisdale recently released a short side report on Northern Dynasty Minerals, causing the stock to take a dive. In fact, it lost around 50% as a result of that report. However, it seems as though Kerrisdale has quietly changed their mind. The company just recently deleted its short position, meaning it must cover and liquidate… as @SeanPSalazar put it… SHORT SQUEEZE!




Why Kerrisdale Was Wrong About NAK

At the end of the day, Kerrisdale’s problem with the company had everything to do with the Pebble Project in Alaska. The analysts pretty much stated that the project was far too expensive, and that chances of getting the permits they needed were slim to none. Well, I’m sorry Kerrisdale, you missed the nail and hit your thumb with this one!

The truth of the matter is that a 1-week stay of proceedings was requested by both NAK and the EPA surrounding the permit issue. The stay was requested so that the two could finish negotiating a settlement and get the required approvals underway. That doesn’t quite sound like permits are going to be nearly impossible to come by. In fact, it sounds like at the end of the stay – literally tomorrow, if things go well – this stock could double!

Onto the expense side of things… There’s no denying the fact that building one of THE WORLD’S LARGEST MINES is going to be expensive. In fact, it is expected to come in around $5 billion. However, Kerrisdale’s attempts to scare investors with a high ball figure of $11 billion or more are simply outlandish! Sure, $5 billion is a good chunk of money, but it sounds a heck of a lot better than $11 billion or more!

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The Bottom Line Here

The bottom line here is that, while I respect those at Kerrisdale that try to provide a clear picture of what to expect, they missed the mark. At the end of the day NAK has the ability to build the goose that lays the golden eggs here, and while the price tag may be steep, it’s hard to make money without spending it. Get ready folks, when the EPA battle is over (which could happen any minute) this thing could soar!

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Northern Dynasty Minerals Ltd NAK Stock News

Northern Dynasty Minerals Ltd (NYSEMKT: NAK) is having an incredibly strong day in the market today as excited investors continue to push the stock upward. However, looking into the details, it becomes clear that the gains that we’re seeing today could only be the tip of the iceberg. Before we get too deep into the details, we’d like to give a special thanks to Trade Ideas for putting the stock on our radar. At the moment (11:12), NAK is trading at $1.74 per share after a gain of $0.14 per share (9.09%) thus far today.





NAK Gains Could Be Much Bigger… Very Soon!

As mentioned above, Northern Dynasty Minerals is having an incredible day in the market today, but in our opinion, this may only be the tip of the iceberg. At the end of the day, the gains that we’re seeing today have to do with the Pebble Project and the company’s fight with the EPA to get the project rolling.

For those of you who are unaware, the Pebble Project is a project that NAK has spent millions of dollars trying to get rolling, and for good reason. If they can get the project on its feet, the mine would be one of the world’s largest producers of multiple commodities. However, there has been a bit of an issue. You see, the United States Environmental Protection Agency has blocked the company’s ability to get key permits it needs in order to start operations. As a result, the company has been in court proceedings against the EPA, working to fight for its permits.




Nonetheless, last week, NAK and the EPA filed a joint motion to extend the current stay of proceedings for a period of one week. That period is nearly at its end. The reason for the stay?  Both parties said that they were in negotiations and nearing a deal to end the battle. Of course, Northern Dynasty Minerals wouldn’t agree to anything that would block them from moving forward with the Pebble Project. So, this is very good news.

This Is Where The Story Gets Good… Very Good

The deal here is relatively simple. NAK will have to agree to specific rules set in place by the EPA. If they do so, they will likely be able to move forward with the Pebble Project, creating one of the world’s largest mines! So, you want the good news? This is all going to happen very quickly. As mentioned above, the 1-week extension to the stay of proceedings is nearly at its end. As a result, Northern Dynasty Minerals will soon have everything it needs to get this ball rolling!!!!

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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 negotiations between the company and the EPA. At the moment, things are looking great and we are expecting the Pebble Project to move forward soon. 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 (NYSEMKT: NAK) is off to an overwhelmingly strong start in the trading session this morning, and for good reason. The company has released yet another piece of good news surrounding the Pebble Project. Of course, this led to excitement among investors, prompting gains in the value of the stock. As is almost always the case, our partners at Trade Ideas were the first to alert us to the movement. At the moment (9:31), NAK is trading at $1.62 per share after a gain of $0.15 per share (10.20%) thus far today.





Good News For NAK

As mentioned above, Northern Dynasty Minerals is having an overwhelmingly strong start to the day in the market today, and for good reason. There was good news released surrounding the Pebble Project, a project that could become one of the world’s largest mines.

For those of you who haven’t been following the story, NAK has been working on getting the Pebble Project rolling for years. Unfortunately, however, the EPA has been fighting them each step of the way, stating that their mine would essentially be a detriment to the surrounding environment, specifically effecting salmon.




Nonetheless, early this morning, it was announced that the EPA and NAK have filed a joint motion in the federal court to extend the current stay of proceedings. The reason for the extension… both parties involved in the matter are working on a settlement. Of course, if a settlement happens, there will be no need for further proceedings in the court. Here is a key statement from the motion:

The parties have identified a likely framework for settlement and request a short, one-week extension of the current stay to allow the parties the time necessary to finalize the agreement and obtain the required approvals.”

In a statement, Tom Collier, CEO of the Pebble Partnership that’s leading to all of this movement in NAK, had the following to offer:

A great deal of common ground has been established between the parties, including on the importance of upholding the rule of law when it comes to administering statutorily mandated process under the Clean Water Act, the National Environmental Policy Act, and other federal statutes. On that basis, we anticipate achieving a resolution to these matters next week.”

What? Did He Say Next Week?

This was the big kicker. You see, as mentioned above, Northern Dynasty Minerals has been fighting the EPA for years now surrounding the Pebble Project. The idea that the two parties in the fight will reach a settlement in a matter of a week, well, that’s great news! Especially considering that NAK would never sign a settlement that forbids it from moving forward with the Pebble Project. So, at least at the moment, it seems like the project will soon be full steam ahead.

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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 news of a potential settlement coming down the line, and we are excited to see the Pebble Project really get pushed into action. We’ll continue to follow the story closely and bring the news to you as it breaks.

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Noble Energy, Inc. NBL Stock News

Noble Energy, Inc. (NYSE: NBL) is having a pretty strong start to the day today, and for good reason. The company announced that it would be selling yet another natural gas asset. Of course, this led to excitement, prompting gains in the stock. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:02), NBL is trading at $33.35 per share after a gain of $1.05 per share or 3.25% thus far today.





NBL Plans An Asset Sale

As mentioned above, Noble Energy is having a strong day in the market today after announcing that it would be selling more assets. The company said that it intends on selling the Marcellius shale field as it shifts its focus to liquids-rich, higher margin assets.




The Marcellius shale field is a great source for natural gas. NBL believes that it will be able to sell the asset for a total of $1.23 billion. However, the sale has not been finalized quite yet and the price of the sale could come in a bit different.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on NBL. In particular, we’re interested in watching the company as it works on the sale of the Marcellius shale field and following the next steps. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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