Friday, April 24, 2020

Jamie Bannerman - Fission Uranium, FCU.t - NEWS

"The board of directors has been made aware of an on-line social media smear campaign (fukkin gasp) against the company and its senior management. The board will pursue any and all testimonies or transcripts (of which there are none known) and any and all factual evidence." HERE

Yeah sure. Thanks for the laffs. @ 20 per page, paid IR clown Mr. Jamie Bannerman of Bannerman Consulting has posted at least 980 times on Stockhouse. If each post takes say 10 minutes, Mr. Jamie Bannerman of FCU.t has deliberately 'done' securities fraud (on the stakeholder dime) for 166 consecutive hours.
Lets say howdy do to IR guru for FCU.t Mr. Jamie Bannerman of Bannerman Consulting Ltd. Mr. Bannerman is accused by the right as rain Mark Turner of IncaKola of posting ad nauseum on Stockhouse, luring live ones anonymously and burying discouraging words about his infamous boss, Devinder 'Dirty Dev' Randhawa.

I think Mark Turner is a bit of a dipchit, butt (_*_) I would take his word and decade long track record of spewing over these greasy souless basterds in a New York heartbeat. Stay tuned.
"...because Grayhawk50 on Stockhouse is none other than Jamie Bannerman of Fission and best pally pals with Dev as well. Nice to see him breaking all type of corporate and ethics laws along with the rest of them, so cute. Birds of a feather, Jamie. Were you on the Thailand trip as well, Jamie?

PS: Not joking StockHouse, he's yer man all right, so go back and check what he's said over the years. You're going to have a real giggle now you know his real ID.
Grayhawk50 Member Since: November 16, 2015
"The potential for growth is unbelievable. They have over 31,000 hectares of property in the Athabasca Basin, 80% of which has not been explored. If you are looking for a uranium stock, with significant upside, do some research on FCU. Many analysts have a $1 target price."

Wednesday, April 22, 2020

Western Canadian Select = - $3.83

We have no clue what is driving the Warren Buffets of the world as SU.t and CNQ.t are doing well considering they are both very far removed from an economic proposition. With no storage the oilsands need to be shut-in, now. Capitalists seem to be counting on government assistance so that operations can continue.

WCS is a blend of diluted bitumen and conventional heavy oil created at the Hardisty Alberta marketing hub. Four companies produce WCS — Canadian Natural Resources Ltd., Suncor Energy Inc., Cenovus Energy Inc. and Repsol. Other local crude blends are based on WCS, so its influence extends beyond its volume of 350k to 400k barrels per day.
Heavy, sour crude is sold to refineries on the US Gulf Coast, which has very limited pipeline access from Western Canada. That means a pricing differential between WTI and WCS.

The usable storage capacity in Western Canada is estimated at 40 to 45 million barrels and it is said to be around 80% full.

Tuesday, April 21, 2020

Copper sewers again

Copper fell by 7.3% to $2.1495 a pound ($4,740 a tonne) in early afternoon trade, a three-week low.

Monday, April 20, 2020

Plunge in used car values - GM, Ford credit arms could lose billions

Prices are falling faster and steeper than anybody expected in the used car market. A closely watched used vehicle value index plunged 11.8 per cent in the first 15 days of April, a decline that will set a record if it holds for the full month. Losers will be captive-finance subsidiaries of automakers like GM and Ford, and rental-car companies.
If prices finish the second quarter 10% lower losses could total US$3b at GM Financial and US$2.8b at Ford Credit.

The US$1.5 trillion used-car market has evaporated. Physical auctions have been halted for weeks. When they resume dealers and rental-car companies are expected to flood them with vehicles to raise cash. It is another glut and prices can only go down.

Sunday, April 19, 2020

Record inventory build sinks crude

West Texas Intermediate crude for May delivery CLK20, was trading down nearly 60% Monday morning, while contracts for delivery in June CLM20, were off 9%. This is the last day for the April contract, meaning tomorrow the leading contract will be June. That price will need to square with the physical market. A market player sums it up ... "if energy consumption is down 30% and OPEC reduces supply by 10%, there is still a large gap."
The IEA confirmed a huge oil build of 19.2 million barrels for the week to April 10, and confirmed 15.2m for the previous week. Some say global oil storage will reach capacity as early as June. Once there is no more storage capacity there will be a glut.

There is still at least 150 million barrels of available capacity, but it is the rate at which it is being used and it's increasing cost that is alarming. In the event of glut it's possible for a 'negative' price.

Canada may have already reached the limits of storage for domestic oil production.

Saturday, April 18, 2020

Air Canada parking 737 MAX 8s - update III

The troubles keep coming for Boeing's sad sack Max 8. General Electric Co.’s aircraft-leasing division scrapped orders for 69 undelivered 737 Max jets. The planes go for between $99.7m to $134.9m meaning it's likely $7b in lost business. Boeing has lost orders for 150 Max aircraft in March.
A Boeing 737 Max gets built in just nine days. A team of 12,000 turns an assemblage of parts into a finished $120m aircraft. Some of the most cutting-edge technology is used, along with the least. Driving it all is computers with the same processing power as a 1990's Super Nintendo. It was a software fault that caused Lion Air Flight 610 and Ethiopian Airlines Flight 302 to crash.

Every 737 Max has two flight control computers. These take the workload off pilots. The heart for the Max is the Collins Aerospace FCC-730 series, first built in 1996. Each computer features a pair of single-core, 16-bit processors. Even by the late 1990s, the FCC-730s were behind the curve. Nintendo replaced its 16-bit SNES console with the more advanced Nintendo 64 in 1996. That system ceased production in 2003.
Airlines will get the $60 billion bailout they asked for in the $2 trillion coronavirus stimulus bill that Trump signed into law. Airlines around the world will be facing a severe correction in business.

From April through June of last year, US airlines' revenue totaled $64.4 billion. It is a small fraction of that right now. Airlines are cutting their schedules by 60% to 80%. But the planes still flying won't have enough passengers to be profitable.
Yesterday an Air Canada Boeing 737 MAX 8 flew from Montreal to Marana, Arizona. Another MAX 8 made the journey last week. Air Canada originally purchased 61 Boeing 737 MAX aircraft in 2013.

Marana Airport is code MZJ and is called the Pinal Airpark. The airpark’s primary purpose is as a boneyard for civilian commercial aircraft. The arid desert climate is less corrosive to aircraft. Air Canada has had 24 Boeing 737 MAX 8 aircraft delivered. It recently cancelled orders for 11 planes. The 'best case' for a return of the grounded plane to service is mid 2020.
A decrease in air travel combined with the Pinal Airpark's reputation for long-term aircraft storage suggests that Air Canada is parking the MAX for an extended period.

Wednesday, April 15, 2020

SU.t and CNQ.t - Western Select = $ 4.47 per barrel

Alberta's benchmark, Western Canadian Select, is now $4.71. See HERE
Suncor Energy - SU.t is an integrated energy company based in Calgary. It specializes in production of synthetic crude from oil sands. Suncor ranks number 134 in the Forbes Global 2000 list.
Canadian Natural Resources is engaged in hydrocarbon exploitation in Western Canada oil sands, the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon. The company is headquartered in Calgary. It ranks number 197 in the Forbes Global 2000 list.

Sunday, April 12, 2020

Canadian Tire changes gears on Covid-19 ... after getting busted

On April 9, 2020 Canadian Tire Corporation (CTC.t) announced their $5m 'Canadian Tire COVID-19 Response Fund.' Main dorkus is taking deep bows he is. Newly appointed Greg Hicks gets a running start.
Fact is the media busted Krappy Tire (Cambie and 7th, Vancouver) on April 5 for selling exam masks that offer no level of protection at stupid high prices. These should be sold at reasonable cost, $5-10 to the public. The general manager of the Cambie Street store declined an interview.

Friday, April 3, 2020

Tesla and Apple T&A - Buffet 'into' oilsands cos?

Financial press are saying the massive large dope filling his iffing boots yesterday (with SU.t and CNQ.t) was none other than 'more cash than brains' Buffett baby. That's a call I surely would not make and why (the flying fork) would one juice the SP stupid and for no apparent reason instead of building a massive (and much cheaper) position on the sly?

We say this old fukkin terd just blew $2.5b on Apple ... pffft to the next dopey call that contradicts my view of reality. (_*_)

Tesla (NASDAQ:TSLA) monster rally raises questions about valuation. Tesla's market cap reached a record-breaking $160 billion – a valuation so massive that famous short-seller Andrew Left of Citron Research claimed that even Elon Musk would go short at these levels if he was a fund manager.

Apple meanwhile enjoys a $1.3 trillion market cap. Billionaire investor Warren Buffett, become the second-biggest shareholder in Apple (AAPL) by way of his conglomerate, Berkshire Hathaway. The iPhone maker is Berkshire Hathaway's biggest holding, at roughly one-quarter of its portfolio. Berkshire had 252.2 million shares of Apple.

US unemployment a horror show

6.65m Americans applied for unemployment benefits last week. Claims are expected to stay elevated and some are predicting a 20% unemployment rate.

The situation in the US rapidly deteriorated in March.

Wednesday, April 1, 2020

TRST.t files for bankruptcy - Done like dinner

Unknown who was throwing money at this terrible securities scam from chitbags in the first place. That mystery is moot as the paper is halted and will almost certainly never trade again. The two main names OUGHT to face criminal charges. Aceto was a defacto criminal drug producer and smuggler whilst wicked chitbag Eric Paul is a securities fraud artist.