Baystreet.ca RSS Feed http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2017 Baystreet.ca Inc. All rights reserved. 3/29/2017 9:19:10 AM <![CDATA[NewCastle Gold "SPECULATIVE BUY"]]>Tue, 28 Mar 2017 11:59:00 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?29743<![CDATA[There Is No Such Thing As Peak Oil Demand]]>Tue, 28 Mar 2017 08:09:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=926Tuesday, March 28, 2017


There Is No Such Thing As Peak Oil Demand


Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be.

The so-called balance of supply and demand has always been a moving target, a race to the top in which the two run neck and neck. Imbalances result from out-of-step growth rates and not from movements away from a stationary balance. Perversely, imbalances breed further imbalances as the supply and demand components are provoked in opposite directions but with different timing, magnitudes and inertias. Without sufficient damping, the market has often overcompensated. Of course, there are also exogenous events like political turmoil, policy shifts, technological innovations and demographic changes which can unexpectedly and significantly alter not just the immediate balance but fundamentally shift the way supply and demand curves respond to price movements. The trends are plagued by inherent and irreducible irregularities.

Such a structural change has recently occurred. High prices persisted long enough for the industry in the U.S. to build a larger fleet of modern rigs and to learn how effectively to hydraulically fracture shale wells. It also persisted long enough for new efficiencies to incubate towards maturity, and the Paris accords promised to further reduce carbon emissions through policy changes. By the time that Saudi Arabia finally acted to protect not only its place among suppliers but also, and more importantly, the role of oil in the world economy. The backbone of shale supply in the U.S. was strong, and the seeds of lesser use were established. After these fundamental shifts, the rest of the world realized what Saudi Oil Minister Al-Naimi argued long ago and what Shell Oil has more recently asserted, namely that peak demand will occur long before peak supply.

To understand the trajectory of demand growth, we turn to econometric models like those published by the EIA and IEA. The central problem with long term supply and demand models is that they require assumptions about the many and interrelated responses to today’s prices. Though modeled responses may be tuned with low precision to relatively recent events and new realities, the actual response curves are poorly constrained and continue to evolve, in some cases at an accelerating pace. As the aphorism goes, all models are wrong, but some are useful.

The EIA, IEA and other public econometric models call for global oil demand to continue growing through 2040, and the EIA even calls for renewed growth in the U.S. and OECD demand. The forecasts of growth in global demand rely upon increased use by developing countries, most importantly China and India. On the other hand, the United States has already seen demand decline for about 13 years. In fact it was the second to last of the world’s seven major developed countries to enter demand decline, and the entire OECD group of countries has, as a whole, seen shrinking demand since 2007. EIA data shows that 35 countries in all have already reached and descended from maximum oil demand. The experience of projected versus actual peak oil demand in the U.S. and OECD countries provides an empirical test and thus context to evaluate the current forecasts of growth and delayed maximum.

The following chart compares actual oil demand in the U.S. to several relevant demand forecasts of the EIA, all data coming from the EIA itself. U.S. demand reached a plateau for four years ending in 2007. Before, during, and even after the actual maximum demand, the models predicted decades of growth.

The next chart shows the same kind of comparison for the IEA’s models of OECD oil demand. Actual demand gently achieved its maximum in 2005. Even the alternative policy (lower demand) case in 2006 failed to capture the impending decline, but the reference cases adapted to the reality of declining demand much more quickly than did the EIA. Still the IEA over predicted the actual demand. Though not shown in charts, the EIA’s model of OECD demand growth and the IEA’s model of U.S. demand growth follow the same patterns. In short, these deeply technical and widely used referenced models missed badly the pivot point, the watershed of the object of analysis. For truly exculpatory reasons, the second and third order dynamics of reality were not captured by the models.

Rather than the theoretical calculation by such models, empirical observation of history is likely more informative when it comes to anticipating the timing of maximum demand. The graph below normalizes annual oil demand from the G7 countries with the U.S. shown in black, each normalized to its own year and volume of maximum demand. The scales show a 15 year window around the maximum annual consumption, and the pattern of the G7 is repeated in the OECD total and in most all of the 28 other countries.

The same data viewed on the scale of generations may resemble an alpine peak, but from the experience of living through it, demand does not peak. It sputters, surges and stalls as it rolls over from a slow incline into a slow decline. It is less a peak and more a crest of demand.

Sequential global demand forecasts over the last decade have projected slower growth, mostly now forecast at less than 1 percent, and sensitivity cases now allow for the possibility of substantial demand decline by 2040. Unfortunately, experience demonstrates that the crest will likely occur unexpectedly and sooner than predicted. And then our industry enters a whole new world as the moving balance of supply and demand turns into a race to the bottom.

By Dwayne Purvis for Oilprice.com

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<![CDATA[Reports: Amazon to Further Expand into Physical Retail]]>Mon, 27 Mar 2017 02:44:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=787Monday, March 27, 2017

Reports: Amazon to Further Expand into Physical Retail


After dominating the online retail landscape, Amazon.com Inc. (NASDAQ:AMZN) is reportedly looking to expand its physical retail presence in an attempt to boost its online business.

Amazon already has five physical bookstores open in the United States, with an additional five coming soon. These locations also sell things like the company’s Fire tablet. The main purpose of such stores is to give customers a place where they can preview books. They tend to have less selection but offer a nice browsing experience.

Amazon is also opening its first convenience store, Amazon Go in Seattle. The new concept will use technology to identify what customers buy without having to use the cash register. The amount purchased will automatically deduct from the buyer’s Amazon account.

The company isn’t going to stop with bookstores and convenience stores. Its next step will reportedly be physical locations that sell furniture and home appliances. It would use these retail locations as showrooms and then deliver the product straight from the warehouse to the customer’s door.

CEO Jeff Bezos and his team plan to use technology to differentiate themselves from traditional furniture stores, using automation, virtual reality, and robots to create a truly unique shopping experience.

Furniture has been a hard category to have success with online because customers simply don’t want to buy a bed or a couch without feeling it first.

Amazon isn’t going to stop with just furniture stores. It also plans to expand on its Amazon Go concept into a full-sized grocery store.

The only question remaining seems to be whether Amazon will build out its retail presence on its own, or buy an existing chain to really speed up the process.

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<![CDATA[Economic Calendar]]>Wed, 29 Mar 2017 09:19:09 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125March 2017
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Wednesday, March 01, 2017 Markit Canada Manufacturing PMI: 9:30am Feb At 54.7 in February, up from 53.5 in January, the seasonally adjusted Markit Canada Manufacturing Purchasing Managers’ Index signaled the strongest improvement in business conditions since November 2014. The average reading for Q1 2017 so far (54.1) is up from 51.5 in Q4 2016 and the highest quarterly figure for over two years. The seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index registered 53.5 in January, up from 51.8 in December and above the neutral 50.0 threshold for the 11th consecutive month.
Wednesday, March 01, 2017 BoC rate announcement: 10:00am --- As expected, the Bank of Canada maintains an overnight rate target at 0.5%. The central bank also announced that the bank rate is correspondingly 0.75% and the deposit rate is 0.25% ---
Thursday, March 02, 2017 GDP: 8:30am Dec Real gross domestic product rose 0.6% in the fourth quarter, following a 0.9% increase in the third quarter. GDP grew 0.3% in December. Real gross domestic product rose for the fifth time in six months, up 0.4% in November
Tuesday, March 07, 2017 IVEY Purchasing Managers Index: 10:00am Feb The index registered at 55 last month, compared to 57.2 in January, and 53.4 in February 2016 The Ivey Purchasing Managers Index (PMI) hit 57.2 in January, down from the 60.8 figure in December, and 66 in January 2016.
Tuesday, March 07, 2017 Canadian International Merchandise Trade: 8:30am Jan Canada's merchandise trade balance with the world posted a third consecutive monthly surplus, widening from $447 million in December to $807 million in January. Exports were up 0.5% while imports edged down 0.3%. Canada's merchandise trade balance with the world recorded its second consecutive monthly surplus, narrowing from a revised $1.0 billion in November to $923 million in December. Exports were up 0.8% while imports increased 1.0%.
Wednesday, March 08, 2017 Housing Starts: 8:15am Feb Canada Mortgage and Housing Corporation reported housing starts on pace during February to hit 204,669 units in Canada, whereas January saw them hitting 200,255 units Canada Mortgage and Housing Corporation's trend measure of housing starts in Canada was 199,834 units in January compared to 197,881 in December
Wednesday, March 08, 2017 Building Permits: 8:30am Jan The value of building permits issued by Canadian municipalities rose 5.4% to $7.6 billion in January, following two consecutive monthly decreases. Municipalities issued $7.2 billion worth of building permits in December, down 6.6% from November.
Thursday, March 09, 2017 New Housing Price Index: 8:30am Jan The New Housing Price Index edged up 0.1% in January compared with the previous month. The New Housing Price Index edged up 0.1% in December compared with the previous month, largely reflecting price increases in Ontario and Alberta.
Friday, March 10, 2017 Labour Force Survey: 8:30am Feb Statistics Canada reported Friday that the economy added another 15,000 jobs in February, pushing the unemployment rate down to 6.6% Employment rose by 48,000 (+0.3%) in January, building on gains observed in the latter part of 2016. The unemployment rate fell by 0.1 percentage points to 6.8%.
Wednesday, March 15, 2017 CREAstats - MLS Sales: 8:30am Feb The Canadian Real Estate Association said national home sales rose 5.2% from January to February. Actual (not seasonally-adjusted) activity in February was down 2.6% from a year earlier. The Canadian Real Estate Association said national home sales declined 1.3% from December 2016 to January 2017. Actual (not seasonally-adjusted) activity in January was up 1.9% from a year earlier.
Thursday, March 16, 2017 Canada's International Transactions in Securities: 8:30am Jan Foreign investment in Canadian securities slowed to $6.2 billion in January, down from $10.2 billion in December. At the same time, Canadian investors increased their holdings of foreign securities by $8.6 billion, led by purchases of U.S. instruments. Foreign investment in Canadian securities reached $10.2 billion in December, largely through acquisitions of shares. At the same time, Canadian investors increased their holdings of foreign securities by $6.7 billion, led by purchases of non-U.S. foreign shares.
Friday, March 17, 2017 Monthly Survey of Manufacturing: 8:30am Jan Manufacturing sales rose for the third consecutive month, up 0.6% to $53.8 billion in January. Manufacturing sales increased for the second consecutive month, up 2.3% to $53.5 billion in December, following a revised increase of 2.3% in November
Monday, March 20, 2017 Wholesale Trade: 8:30am Jan Wholesale sales rose 3.3% to a record high $59.1 billion in January. This was the largest monthly percentage gain since November 2009 Wholesale sales rose 0.7% to $57.3 billion in December, a third consecutive gain.
Tuesday, March 21, 2017 Retail Trade: 8:30am Jan Retail sales rose 2.2% to $46.0 billion in January Following four consecutive monthly increases, retail sales decreased 0.5% in December.
Thursday, March 23, 2017 Employment Insurance: 8:30am Jan In January, 567,900 people received Employment Insurance (EI) benefits, little changed from the previous month. In the 12 months to January, the number of EI beneficiaries in Canada was up by 20,300 or 3.7%, largely as a result of increases in Alberta. In December, 568,800 people received regular Employment Insurance benefits, down 3,200 or 0.6% from the previous month.
Friday, March 24, 2017 Consumer Price Index: 8:30am Feb The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in February, following a 2.1% gain in January. Excluding gasoline, the CPI was up 1.3% year over year in February, following a 1.5% increase in January. The Consumer Price Index rose 2.1% on a year-over-year basis in January, following a 1.5% increase in December. On a seasonally-adjusted monthly basis, CPI was up 0.7% in January, after increasing 0.4% in December.
Thursday, March 30, 2017 Raw Materials Price Index: 8:30am Feb --- The Raw Materials Price Index increased 1.7%, led by higher prices for animals and animal products.
Thursday, March 30, 2017 Industrial Product Price Index: 8:30am Feb --- The Industrial Product Price Index rose 0.4% in January, mainly due to higher prices for energy and petroleum products.
Friday, March 31, 2017 Average Weekly Earnings Jan --- Average weekly earnings of non-farm payroll employees were $971.00 in December, an increase of 1.0% from November and 1.2% from 12 months earlier.
Friday, March 31, 2017 GDP: 8:30am Jan --- ---
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<![CDATA[Ont. Budget to Focus on Affordable Housing ]]>Tue, 28 Mar 2017 09:34:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1823Ont. Budget to Focus on Affordable Housing


Ontario Finance Minister Charles Sousa confirmed Monday he plans to include housing affordability measures in his upcoming budget.

Premier Kathleen Wynne has said her government is working on a "comprehensive set of plans," to deal with rising home prices in the Greater Toronto and Hamilton Area, as well as rising rental rates.

Just prior to the release of the federal budget, Sousa had asked his federal counterpart, Bill Morneau, for changes to the taxation of capital gains on the sale of homes that are not classified as a primary residence, as a way to address speculative investors flipping homes, believed to be one of the culprits behind the soaring house prices.

While such provisions did not appear in this federal budget, Morneau did not rule out capital gains changes in the future.

No date has yet been set for the next Ontario provincial budget.


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<![CDATA[ Asia Mixed Wednesday ]]>Wed, 29 Mar 2017 08:13:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2588Wednesday, March 29, 2017

Asia Mixed Wednesday



Asia markets finished mixed on Wednesday and sterling slipped as markets await the formal move by the U.K. to start an historic split with the European Union.

The Nikkei 225 in Japan gained 14.61 points, or 0.1%, to 19,217.48

The Hang Seng Index in Hong Kong picked up 46.18 points, or 0.2%, to 24,392.05

In Japan, official data showed that retail sales retail sales grew just 0.1% in February year-on-year, much less compared to January's growth of 1%. The weak figures raise doubt about the strength of private consumption and highlights the difficulties for Japan to generate price inflation.

Toshiba's U.S. subsidiary Westinghouse is set to file for U.S. bankruptcy, in a bid to limit losses for the Japanese conglomerate. Shares of Toshiba were up 1%

Electronics giant Samsung Electronics shares were up 0.7%. It is expected to launch Galaxy S8 smartphone in New York later in the day, and in South Korea tomorrow.

Australian markets improved Wednesday, as the Australian army and emergency workers headed to areas in Queensland state that were hit by Cyclone Debbie. Tourist resorts along Australia's Great Barrier Reef and mainland coastal areas were belted with wind gusts stronger than 260 km per hour and there were reports of significant structural damage to homes and public infrastructure

The dollar/yen was trading at 111.07 and the Australian dollar fetched $0.7644 U.S.

U.K. Prime Minister Theresa May signed the official letter to the European Council President Donald Tusk on Tuesday to invoke Article 50 of the Lisbon Treaty. The EU will have two days to respond to the letter, after it has been delivered to Tusk on Wednesday at 12:30 British Summer Time.

In other markets

In Shanghai, the CSI 300 dropped 4.62 points, or 0.1%, to 3,465.19

The Kospi Index in Korea added 3.67 points, or 0.2%, to 2,166.98

In Taiwan, the Taiex lost 20.2 points, or 0.2%, to 9,856.25

In Singapore, the Straits Times Index jumped 26.75 points, or 0.9%, to 3,184.57

In New Zealand, the NZX 50 moved up 68.34 points, or 1%, to 7,133.57

In Australia, the S&P/ASX 200 hiked 52.28 points, or 0.9%, to 5,873.52




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<![CDATA[U.S. Headed for Recession: Economist]]>Tue, 28 Mar 2017 09:26:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1819An economist has expressed the view that the U.S. is headed for a recession in the next two years as excessive fiscal stimulus from the President Donald Trump administration takes the economy into unsustainable territory

Adam Posen, president of the Peterson Institute for International Economics,, told the media GDP (gross domestic product) growth targets of 3% or more are unobtainable given current productivity and employment rates in the U.S. Add to that intended tax cuts and financial deregulation under Trump and the country will find itself trapped in a boom-bust cycle, Posen said.

He points to the workforce stateside growing at 0.5%, with productivity at 1%, thus diminishing the chances of growth reaching 3-4%

"If unemployment is, unfortunately, about as low as it's going to go, you can't pick this up."

What's more, the Federal Reserve is already trying to manage signs of a growing U.S. economy by gradually increasing interest rates. Earlier this month, it hiked rates by 25 basis points, its first such move this year and only the third since the financial crisis. However, further increases are expected this year, with Posen anticipating three extra hikes by December and more still in 2018.

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<![CDATA[IPO Center - TSX-V]]>Wed, 09 Dec 2015 12:00:00 ESThttp://baystreet.ca/articles/ipo_tsx.aspx?id=10023 Company Name Ticker Date BioNeutra Global Corporation BGA 09-12-2015 International Datacasting Corporation IDC 14-12-2015 Buffalo Coal Corp. BUF 18-12-2015 Orezone Gold Corporation ORE 21-12-2015 IDM Mining Ltd. IDM 30-12-2015 Percy Street Capital Corporation PSC 12-01-2016 New Global Acreage Resources Ltd. RAP.P 13-01-2016 McorpCX, Inc. MCX 03-02-2016 Nurcapital Corporation Ltd. NCL 04-02-2016 CaNickel Mining Limited CML 05-02-2016 Axios Mobile Assets Corp. AXA 29-02-2016 Brassneck Capital Corp. BC.P 15-03-2016 MDN Inc. MDN 31-03-2016 Black Lion Capital Corp. BLC 01-04-2016 CUP Capital Corp. CPU 08-04-2016 Nobelium Tech Corp. NBL.P 13-04-2016 Spada Gold Ltd. SPL 14-04-2016 Era Resources Inc. ERX 18-04-2016 Helius Medical Technologies, Inc. HSM 18-04-2016 Huffington Capital Corporation HU.P 19-04-2016 Nova Leap Health Corp. NLH.P 26-04-2016 Targeted Microwave Solutions Inc. TMS 17-05-2016 Cortina Capital Corp. CCN 17-05-2016 Mercal Capital Corp. MUL 18-05-2016 Westshire Capital II Corp. WSH 31-05-2016 IMEX Systems Incorporated IMX 14-06-2016 Kneat.com Inc. KSI 05-07-2016 Fortune Bay Corp. FOR 05-07-2016 GoviEx Uranium Inc. GXU 11-07-2016 Mbac Fertilizer Inc. MBC 12-07-2016 H-Source Holdings Ltd. HSI 25-07-2016 Mariana Resources MRA 26-07-2016 Cardero Resource Corp. CDU 02-08-2016 Austral Gold Limited AAM 22-08-2016 Filo Mining Corp. FIL 26-08-2016 Jura Energy Corporation JEC 01-09-2016 Northwest Arm Capital Inc. NWA 12-09-2016 Aurora Cannabis Inc. ACB 05-10-2016 European Commercial Real Estate Limited ERE.P 07-10-2016 Starlight U.S. Multi-Family (No. 5) Core Fund SUA.A 13-10-2016 IsoEnergy Ltd. ISO 19-10-2016 Metalore Resources Limited MET 14-11-2016 Trusted Brand 2016 Inc. HAH.P 30-11-2016 FP Newspapers Inc. FP 22-11-2016 Zazu Metals Corporation ZAZ 01-12-2016 Lite Access Technologies Inc. LTE 13-12-2016 Global Gardens Group Inc. VGM 03-01-2017 Soleil Capital Corp. SOLE.P 30-01-2017 Adventus Zinc Corporation ADZN 09-02-2017 Superior Gold Inc. SGI 23-02-2017 Global Energy Metals Corporation GEMC 01-03-2017 Harbour Star Capital Inc. HSC 06-03-2017 Kanzen Capital Corp. KAN.P 07-03-2017 CanadaBis Capital Inc. CANB.P 10-03-2017 Essex Minerals Inc. ESX 15-03-2017 HAW Capital Corp. HAW.P 21-03-2017 Avanco Capital Corp. AAA.P 22-03-2017]]><![CDATA[Higher Open Projected in Toronto ]]>Wed, 29 Mar 2017 08:29:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=6099Wednesday, March 29, 2017

08:29 ##timepm##
Higher Open Projected in Toronto

TransCanada Boss Stepping Down




Stock futures pointed to a higher opening for indexes in Toronto on Wednesday as oil prices extended gains.

The S&P/TSX Composite Index gained 92.35 points to close Tuesday at 15,598.57, with June futures nicking up 0.1%.

The Canadian dollar were virtually unchanged at 74.74 cents U.S. early Wednesday.

TransCanada Corp said its chief operating officer, Alex Pourbaix, is retiring from the company after 23 years in May.

Barclays starts coverage on Caribbean Utilities with underweight rating, and $13 price target

Barclays reinstated coverage on Fortis Inc. with an overweight rating, and a $48.00 price target

CIBC raised the price target on Kirkland Lake Gold to $11.00 from $10.25

ON BAYSTREET

The TSX Venture Exchange subtracted 0.02 points Tuesday to 804.12

ON WALLSTREET

U.S. stock index futures pointed to a mixed open on Wednesday following a rally on better-than-expected economic data in the previous session

Ahead of the opening bell, futures for the Dow Jones Industrials dipped eight points, or 0.04%, to 20,617. Futures for the S&P 500 lost 0.25 points, or 0.01%, to 2,351.25. NASDAQ futures gained 2.5 points, or 0.1%, to 5,407.5.

Paychex and UniFirst are scheduled to report earnings before the bell. Lululemon Athletica and Worthington Industries are both due to report after the market close.

Wednesday also will see existing home sales for February.

In Europe, stocks were mildly lower on Wednesday, after U.K. Prime Minister Theresa May formally began the Brexit process.

In Asia, the CSI 300 in China closed 0.1% lower, while the Nikkei in Japan closed 0.1% higher.

Oil prices gained 23 cents to $48.60 U.S. per barrel.

Gold prices dipped $3.20 to $1,252.40 U.S. an ounce.





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<![CDATA[Stocks in Play: Barrick Gold Corporation]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22358Tuesday, March 28, 2017

09:55 ##atimepm## EST - Barrick Gold Corporation : Has reached an agreement with Goldcorp Inc. to form a new partnership at the Cerro Casale Project in Chile. Under the terms of the agreement, Goldcorp has agreed to purchase a 25% interest in Cerro Casale from Barrick. Barrick Gold Corporation (T.ABX) shares were up $0.09 at 26.29.

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<![CDATA[Stocks in Play: Goldcorp Inc.]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22359Tuesday, March 28, 2017

09:56 ##atimepm## EST - Goldcorp Inc. : Has reached an agreement with Barrick Gold Corporation to form a new partnership at the Cerro Casale Project in Chile. Under the terms of the agreement, Goldcorp has agreed to purchase a 25% interest in Cerro Casale from Barrick. Goldcorp Inc. (T.G) shares were down $0.17 at 21.29.

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<![CDATA[Stocks in Play: Matamec Explorations Inc.]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22360Tuesday, March 28, 2017

09:57 ##atimepm## EST - Matamec Explorations Inc. : And Canada Strategic Metals Inc. announced the commencement of drilling on the Sakami property. A total of 3,000 m of drilling is planned on Sakami to extend the known mineralized body to the west. Drilling in 2016 suggests that the mineralization is thicker and locally richer in this direction. It also confirms the relatively consistent orientation of the mineralization, which allows for more aggressive step-outs of 90 m. Matamec Explorations Inc. (V.MAT) shares were up $0.005 at 0.06.

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<![CDATA[Stocks in Play: Canada Strategic Metals Inc. ]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22361Tuesday, March 28, 2017

09:59 ##atimepm## EST - Canada Strategic Metals Inc. : And Matamec Explorations Inc. announced the commencement of drilling on the Sakami property. A total of 3,000 metres of drilling is planned on Sakami to extend the known mineralized body to the west. Drilling in 2016 suggests that the mineralization is thicker and locally richer in this direction. It also confirms the relatively consistent orientation of the mineralization, which allows for more aggressive step-outs of 90 m. Canada Strategic Metals Inc. (V.CJC) shares were up $0.01 at 0.13.

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<![CDATA[Stocks in Play: Grande West Transportation Group Inc.]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22362Tuesday, March 28, 2017

10:50 ##atimepm## EST - Grande West Transportation Group Inc. : Has secured a manufacturing agreement to produce Vicinity buses in Atlanta, Georgia that meets FTA Buy America requirements. Grande West Transportation Group Inc. (V.BUS) shares were up $0.14 at 3.33.

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<![CDATA[Stocks in Play: Exeter Resource Corporation ]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22363Tuesday, March 28, 2017

10:52 ##atimepm## EST - Exeter Resource Corporation : Has entered into a definitive agreement with Goldcorp Inc., whereby Goldcorp will acquire all of the outstanding shares of Exeter under a plan of arrangement for consideration of 0.12 of a Goldcorp share for each Exeter share, which represents a value equivalent to $2.58 per Exeter share, based on the closing price of Goldcorp shares on the TSX on March 27, and total consideration of $247 million. Exeter Resource Corporation (T.XRC) shares were up $0.90 at 2.44.

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<![CDATA[Stocks in Play: TIO Networks Corp.]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22364Tuesday, March 28, 2017

11:52 ##atimepm## EST - TIO Networks Corp. : Announced that Institutional Shareholder Services Inc. and Glass Lewis & Co., the leading independent proxy advisory firms that provide voting recommendations to institutional investors, have each recommended that TIO shareholders approve the proposed plan of arrangement with PayPal, Inc., and Tahoe Acquisition ULC, a wholly-owned subsidiary of PayPal, whereby PayPal will indirectly acquire all of the issued and outstanding shares of TIO for $3.35 in cash per TIO share. TIO Networks Corp. (V.TNC) shares were up $0.005 at 3.29.

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<![CDATA[Stocks in Play: PyroGenesis Canada Inc. ]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22365Tuesday, March 28, 2017

11:54 ##atimepm## EST - PyroGenesis Canada Inc. : Has received the fourth progress payment under a previously announced $8.3-million contract with HPQ Silicon Resources Inc. to provide a 200-metric-tonne (MT) per year PUREVAP™ pilot system to produce silicon metal directly from quartz. To date, PyroGenesis has received payments in excess of CAN$3.9MM, or equivalent to more than 47% of the value of the Contract. PyroGenesis Canada Inc. (V.PYR) shares were up $0.015 at 0.38.

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<![CDATA[Stocks in Play: Barkerville Gold Mines Ltd]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22366Tuesday, March 28, 2017

11:56 ##atimepm## EST - Barkerville Gold Mines Ltd : Announced additional results from the ongoing 130,000-metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating Island Mountain with seven drill rigs and has now relocated an eighth rig to the Valley Zone which occurs between Cow and Island Mountains. Barkerville Gold Mines Ltd (V.BGM) shares were up $0.015 at 0.49.

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<![CDATA[Stocks in Play: Silver Bear Resources Inc.]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22367Tuesday, March 28, 2017

11:57 ##atimepm## EST - Silver Bear Resources Inc. : Has now concluded formal agreements with its major shareholders, A.B. Aterra Resources Ltd. and Inflection Management Corporation Limited which increase the previously provided project facilities by a further $15 million U.S. and extend the maturity dates of their outstanding convertible notes from March 31 to December 31. Silver Bear Resources Inc. (T.SBR) shares were down $0.015 at 0.39.

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<![CDATA[Stocks in Play: Blue Sky Uranium Corp.]]>Tue, 28 Mar 2017 09:55:27 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22368Tuesday, March 28, 2017

14:57 ##atimepm## EST - Blue Sky Uranium Corp. : announced today initial results from the ongoing Phase 1 reverse circulation (RC) drilling program at the Ivana target on the Amarillo Grande uranium project, in Rio Negro Province, Argentina. The results from 31 holes received to date outline a broad area of near surface uranium measuring approximately 1,800 metres by 600 metres. Drill hole highlights include: 743 ppm U3O8 over 3.0m in AGI-27 and 547 ppm U3O8 over 6.0m in AGI-05. Blue Sky Uranium Corp. (V.BSK) shares were down 0.035 at 0.38.

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<![CDATA[Nvidia (NVDA) Gets a Cloud Win]]>Tue, 28 Mar 2017 03:17:48 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=1712Tuesday, March 28, 2017

Nvidia (NVDA) Gets a Cloud Win


Written by Ophir Gottlieb

LEDE

Nvidia Corporation (NASDAQ:NVDA) got a big win for its cloud computing business by signing up Chinese Internet company Tencent Holdings which will deploy Nvidia GPUs as a public cloud computing service to customers (Source: Nvidia).

PREFACE

There's a lot more to this story than the lede, but this a snippet from the announcement, just to warm up the story:

NVIDIA today announced that Tencent Cloud will adopt NVIDIA Tesla GPU accelerators to help advance artificial intelligence for enterprise customers.

Nvidia Corporation was the top performer in the S&P 500 last year as it has easily become the crown jewel of technology powering the self-driving car, artificial intelligence, cloud computing, gaming and machine learning realms of technology. Here is a chart of the company's revenue (TTM) in the blue bars and net income (TTM) in the orange line.



In a recent research dossier published by CML Pro, Nvidia Corporation Widens its Lead in Self-driving Cars, we noted that the company has been making quick and abrupt progress in the burgeoning field of self-driving cars.

While revenue grew to a record $128 million, up 38% year-over-year, in the space, the company has leaped forward with new partnership s in the self-driving truck space and a partnership with the largest auto supplier in the world. This is in addition to its existing relationship with Tesla Inc (NASDAQ:TSLA) and more than 50 other auto-manufacturers.

But today we focus on yet another fast growing business segment -- the cloud.

CLOUD COMPUTING

While Amazon.com (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOGL) all battle to become the top cloud platform provider, Nvidia Corporation has its sights set much higher.



The worldwide public cloud market is forecast to rise from $154 billion this year to nearly half a trillion dollars by 2026. That market has three dominant providers:



But, irrespective of the provider, each computer in the cloud runs on a processing unit (or several processing units) -- most of which are powered by Intel Corporation (NASDAQ:INTC). In fact, latest data reveals that Intel's Xenon processor has a 99% market share.

Even given that moat built by Intel Corporation (NASDAQ:INTC), Nvidia saw its data center revenue more than triple year-over-year to $296 million.

Growth was driven by AI, cloud service providers deploying GPU instances, High Performance Computing, GRID graphics virtualization, and our DGX AI supercomputing appliance business.

Source: Nvidia Earnings Transcript

There is too much data and too many connected devices even today, not to speak of the absurdity that is to come, to not have a machine learning driven technology to balance the needs of every website, every app, all the data in complete harmony. This is where Nvidia Corporation (NASDAQ:NVDA) enters the picture, and why it's already seeing 200% growth rates.

Companies around the world are harnessing their data with our AI computing technology to create breakthrough products and services

Source: Nvidia Corporation

Intel Corporation (NASDAQ:INTC) Xenon processors cannot compete, as of today, with the GPUs technology invented by Nvidia. The datacenter and cloud realm is an enormous opportunity for Nvidia and a partnership with the Chinese giant Tencent Holdings is yet more evidence of this reality.

Nvidia Corporation's GPUs are now run in all of the major cloud platforms -- and it's for a simple reason -- there is growing demand for more sophisticated computing within the cloud, and that means Nvidia is seeing demand for its hardware.

With all of the opportunities that Nvidia has ahead, let us not lose sight of the cloud as well.

WHY THIS MATTERS

So, this is what institutional research reads like -- we hope you enjoyed it. Our research sits side-by-side with Goldman Sachs, Morgan Stanley and the rest on professional terminals. We, at Capital Market Laboratories, identify the companies that have the potential to become the 'next Apple,' or the 'next Google,' just like when we identified Nvidia for $32.

Another company that will power the half a trillion-dollar cloud platform market irrespective of which of the mega-vendors Amazon, Microsoft or Google end up being the leaders -- another tech gem, and no, it's not Nvidia.



Or, the small genomics company growing revenue at over 100% a year that has openly stated its goal of becoming the "Amazon of genomics." Or the one company that will power every drone, or the company that will be the brains behind every self-driving car.

Market correction or not, recession or not, the growth in these areas is a near certainty.

For a limited time the precious few thematic top picks for 2017, research dossiers, and alerts are available at a 80% discount of $19/mo. Join Us: Discover the undiscovered companies that will power technology's future.

Thanks for reading, friends.


The author is long shares of Nvidia Corporation Inc (NASDAQ:NVDA) in his personal account and has no position in Amazon.com (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOGL), Tesla Inc (NASDAQ:TSLA) or Intel Corporation (NASDAQ:INTC).



Please read the legal disclaimers below.

Legal The information contained on this site is provided for general informational purposes, as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation. Consult the appropriate professional advisor for more complete and current information. Capital Market Laboratories ("The Company") does not engage in rendering any legal or professional services by placing these general informational materials on this website.

]]>
<![CDATA[BoC Moves Prove Lone Risk for Loonie]]>Tue, 28 Mar 2017 09:41:28 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=29749
The Dollar Index has traders looking at a possible reversal in the greenback’s current decline this March against its major trading peers, as the decline in value is cited as being too fast. Goods Trade Balance figures for the U.S. dollar posted better than expected at $-64.8B when forecasts were for $-66.6 billion. Federal Reserve Chair Janet Yellen speaks at 12:50 on Workplace Development, while other Fed speakers today are Robert Kaplan, Esther George, and Jerome Powell.

Investors expect a range today of $1.3359 to $1.3431 Canadian

There is no major event risk this morning in Europe, leaving the euro to trade on broader sentiments. Conflicting comments from European Central Bank members had Jens Weidmann stating that Quantitative Easing might last longer than required, while chief economist Peter Praet mentioned that it was premature to discuss stimulus. The euro is currently trading at 1.4533 Canadian.

Observers expect a range today of $1.4498 to $1.4599 Canadian

The trigger of Article 50 is looming, and this event may already be priced into market expectations. For the next two years starting tomorrow, negotiations of its terms will be underway, and the Sterling will be volatile subject to developments. There is no major economic news to release today. The pound is currently trading at $1.6804 Canadian.

Experts expect a range today of $1.6767 to $1.6877 Canadian

The Australian dollar is trading lower as the Aussie remains vulnerable to the downside amid ongoing weakness in copper and iron ore prices. Reserve Bank of Australia Assistant Governor Guy Debelle spoke last night but did not give any insights into the policy outlook of the central bank. With no major fundamental data release today, the Aussie will continue to trade on commodity prices.

Oil (WTI): $48.19 U.S. per barrel

Gold: $1,257.41 U.S. per ounce

Silver: $18.11 U.S. per ounce

Copper: $2.6304 U.S. per tonne

Dollar Index: 99.21]]>
<![CDATA[Nvidia (NVDA) Gets a Cloud Win]]>Tue, 28 Mar 2017 03:17:41 ESThttp://www.baystreet.ca/articles.aspx?id=37549
LEDE

Nvidia Corporation (NASDAQ:NVDA) got a big win for its cloud computing business by signing up Chinese Internet company Tencent Holdings which will deploy Nvidia GPUs as a public cloud computing service to customers (Source: Nvidia).

PREFACE

There's a lot more to this story than the lede, but this a snippet from the announcement, just to warm up the story:

NVIDIA today announced that Tencent Cloud will adopt NVIDIA Tesla GPU accelerators to help advance artificial intelligence for enterprise customers.

Nvidia Corporation was the top performer in the S&P 500 last year as it has easily become the crown jewel of technology powering the self-driving car, artificial intelligence, cloud computing, gaming and machine learning realms of technology. Here is a chart of the company's revenue (TTM) in the blue bars and net income (TTM) in the orange line.



In a recent research dossier published by CML Pro, Nvidia Corporation Widens its Lead in Self-driving Cars, we noted that the company has been making quick and abrupt progress in the burgeoning field of self-driving cars.

While revenue grew to a record $128 million, up 38% year-over-year, in the space, the company has leaped forward with new partnership s in the self-driving truck space and a partnership with the largest auto supplier in the world. This is in addition to its existing relationship with Tesla Inc (NASDAQ:TSLA) and more than 50 other auto-manufacturers.

But today we focus on yet another fast growing business segment -- the cloud.

CLOUD COMPUTING

While Amazon.com (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOGL) all battle to become the top cloud platform provider, Nvidia Corporation has its sights set much higher.



The worldwide public cloud market is forecast to rise from $154 billion this year to nearly half a trillion dollars by 2026. That market has three dominant providers:



But, irrespective of the provider, each computer in the cloud runs on a processing unit (or several processing units) -- most of which are powered by Intel Corporation (NASDAQ:INTC). In fact, latest data reveals that Intel's Xenon processor has a 99% market share.

Even given that moat built by Intel Corporation (NASDAQ:INTC), Nvidia saw its data center revenue more than triple year-over-year to $296 million.

Growth was driven by AI, cloud service providers deploying GPU instances, High Performance Computing, GRID graphics virtualization, and our DGX AI supercomputing appliance business.

Source: Nvidia Earnings Transcript

There is too much data and too many connected devices even today, not to speak of the absurdity that is to come, to not have a machine learning driven technology to balance the needs of every website, every app, all the data in complete harmony. This is where Nvidia Corporation (NASDAQ:NVDA) enters the picture, and why it's already seeing 200% growth rates.

Companies around the world are harnessing their data with our AI computing technology to create breakthrough products and services

Source: Nvidia Corporation

Intel Corporation (NASDAQ:INTC) Xenon processors cannot compete, as of today, with the GPUs technology invented by Nvidia. The datacenter and cloud realm is an enormous opportunity for Nvidia and a partnership with the Chinese giant Tencent Holdings is yet more evidence of this reality.

Nvidia Corporation's GPUs are now run in all of the major cloud platforms -- and it's for a simple reason -- there is growing demand for more sophisticated computing within the cloud, and that means Nvidia is seeing demand for its hardware.

With all of the opportunities that Nvidia has ahead, let us not lose sight of the cloud as well.

WHY THIS MATTERS

So, this is what institutional research reads like -- we hope you enjoyed it. Our research sits side-by-side with Goldman Sachs, Morgan Stanley and the rest on professional terminals. We, at Capital Market Laboratories, identify the companies that have the potential to become the 'next Apple,' or the 'next Google,' just like when we identified Nvidia for $32.

Another company that will power the half a trillion-dollar cloud platform market irrespective of which of the mega-vendors Amazon, Microsoft or Google end up being the leaders -- another tech gem, and no, it's not Nvidia.



Or, the small genomics company growing revenue at over 100% a year that has openly stated its goal of becoming the "Amazon of genomics." Or the one company that will power every drone, or the company that will be the brains behind every self-driving car.

Market correction or not, recession or not, the growth in these areas is a near certainty.

For a limited time the precious few thematic top picks for 2017, research dossiers, and alerts are available at a 80% discount of $19/mo. Join Us: Discover the undiscovered companies that will power technology's future.

Thanks for reading, friends.


The author is long shares of Nvidia Corporation Inc (NASDAQ:NVDA) in his personal account and has no position in Amazon.com (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOGL), Tesla Inc (NASDAQ:TSLA) or Intel Corporation (NASDAQ:INTC).



Please read the legal disclaimers below.

Legal The information contained on this site is provided for general informational purposes, as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation. Consult the appropriate professional advisor for more complete and current information. Capital Market Laboratories ("The Company") does not engage in rendering any legal or professional services by placing these general informational materials on this website.
]]>
<![CDATA[Investing in Upside in Veeva Systems (VEEV) with Options]]>Tue, 28 Mar 2017 12:39:52 ESThttp://www.baystreet.ca/articles.aspx?id=37548
LEDE

It's the magic and frustration of the option market -- choosing an option strategy, even if we have direction right, can mean the difference between a massive win and a waste of time.

PREFACE

Veeva Systems Inc is the new tech marvel that is dominating the cloud services space for companies with highly sensitive data -- namely biotech and pharma. Here is the two-year stock chart:



But, what we're going to look at is a glaring example of how the top 0.1% have been dissecting retail traders for decades. It's objective data - this is how option professionals find the edge they require to keep going.

OPTIONS

If a stock rises, a reasonable instinct is to test buying call options. If we did that for Veeva every week over the last-two years, these were the aggregate results:



It seems almost impossible, but buying weekly calls has done nothing while taking a lot of risk. The next reasonable approach would be to test call spreads, and that's what we show below:



The return remains miniscule for a stock that has risen so abruptly. This is where mastering trade analysis comes in. We can next check a slightly different approach -- a strategy that profits if the stock "doesn't go down a lot." It's actually less bullish than a long call or call spread.

Here are those results if done weekly over the last two-years:



Suddenly we see a 316% return. The strategy return so outperforms the other two common bullish approaches for several reasons, but the real key here is just access to this information. We kid you not, it was this easy -- tapping buttons:



Just tap a strategy and see the results.

We told you it might feel uncomfortable -- the fact that some people have access to this information and others don't.

CONSISTENT

Skepticism is natural -- trading isn't a game and that means we have to prove to ourselves that this isn't luck or happen stance.

What we need to do now is look at this short put spread over various time periods. We see that it has worked over the last two-years, now let's look at the last year:



We see a 273% return over the last year.

It's not a magic bullet -- it's just easy access to objective data.

WHAT JUST HAPPENED

We don't mean to make you feel uncomfortable, but this is it -- the difference between the professionals and the amateurs. This is how people profit from the option market - it's preparation, not luck.

To see how to do this for any stock or ETF and for any strategy, with just the click of a few buttons, we welcome you to watch this 4-minute demonstration video:

Tap Here to See the Tools at Work

Thanks for reading.

Risk Disclosure

You should read the Characteristics and Risks of Standardized Options.

Past performance is not an indication of future results.

Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment.


Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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<![CDATA[Micron (MU) Technology Surges After Earnings]]>Tue, 28 Mar 2017 12:23:11 ESThttp://www.baystreet.ca/articles.aspx?id=37547 Micron’s revenue rose 58.7 percent on earnings of $0.90 a share. Operating income, EPS, and gross margin all exceeded management’s projection. CEO Mark Durcan is clearly doing an excellent job. Not only are DRAM prices up, helping margins, but management cut operating costs. The strong demand from mobile, cloud, and enterprise lifted pricing.
Expect the elevated prices continuing. In the PC market, AMD’s (AMD) CPU refresh, through the release of Ryzen, brings back healthy competition. For years, Intel (INTC) benefited with rich profit margin and no real pressures from AMD. Now, lower prices and higher performance will recharge the PC market, lifting demand for DDR3 and DDR4 memory. Storage, on SSD (solid state drives), speeds up computers. Gone are the days computers would take minutes to load. Microsoft (MSFT) gets credit with making Windows 10 running more efficiently.
Takeaway
Trading near yearly highs, Micron is unlikely to dip after such a strong earnings report. It will take a market correction to give value investors a better entry point. Expect the stock settling above $30 this year.
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<![CDATA[Dave & Buster's Entertainment (PLAY) Gains with Earnings in Wings]]>Tue, 28 Mar 2017 11:49:32 ESThttp://www.baystreet.ca/articles.aspx?id=37546<![CDATA[Versar (VSR) Falls Ahead of Q4 Numbers]]>Tue, 28 Mar 2017 11:47:38 ESThttp://www.baystreet.ca/articles.aspx?id=37545<![CDATA[Superconductor Technologies (SCON) Tumbles Ahead of Projected Loss]]>Tue, 28 Mar 2017 11:44:21 ESThttp://www.baystreet.ca/articles.aspx?id=37544<![CDATA[G Willi-Food International (WILC) Down Ahead of Q4 Earnings]]>Tue, 28 Mar 2017 11:41:32 ESThttp://www.baystreet.ca/articles.aspx?id=37543<![CDATA[American Electric Technologies (AETI) Gains Before Q4 Earnings]]>Tue, 28 Mar 2017 11:37:09 ESThttp://www.baystreet.ca/articles.aspx?id=37542<![CDATA[Pernix Therapeutics Holdings (PTX) Jumps with Q4 Earnings on Way]]>Tue, 28 Mar 2017 11:33:52 ESThttp://www.baystreet.ca/articles.aspx?id=37541<![CDATA[Galectin Therapeutics (GALT) Stumbles Ahead of Loss ]]>Tue, 28 Mar 2017 11:30:32 ESThttp://www.baystreet.ca/articles.aspx?id=37540