Capex

La Nina effect not priced into thermal coal companies

Filed in BP, Capex, Gold, Gold Investing, miners, o by on February 3, 2011 0 Comments
La Nina effect not priced into thermal coal companies

A protracted, La Nina-related wet season cut Indonesia’s thermal coal exports (the country is the world’s largest exporter) by 15 percent in 2010 (though the overall industry’s capex was up 18% yoy, suggesting the potential for increased volume capacity) and also hurt output in other key producing regions such as Queensland, South Africa and Colombia will give miners “the upper hand

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Ericsson (NASDAQ:ERIC) Earnings Limited Even with Sales Growth

While Ericsson (NASDAQ:ERIC) sales are expected to surge in 2011, the emerging markets that growth will occur in will have limited earnings potential because of lower margins. Canaccord says, “We believe Ericsson is well positioned for solid 2011 sales, as our carrier capex survey indicated solid wireless trends in 2011 driven by new 4G network builds in North America and 3G builds in developing

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