Articles Tagged "acquisitions"

Topaz Resources to Issue Share Dividend

Topaz Resources, Inc. (OTC: TOPZ) reports that the company has initiated the process to issue a share dividend of 5 shares of common stock.

Advantage: Crude

Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.

Benchmark:South of US$60

It is obvious that a barrel price below $60 on the NYMEX is bad news for oil companies. Part of the drop reflects a strengthening American dollar, but recent demand forecast revisions are bleak. Governments, companies and investors think a prolonged recession or period of low growth is in the offing, and everyone should take note.