Filtration systems specialist Donaldson� (NYSE: DCI ) �announced yesterday�its second-quarter dividend of $0.13 per share, a�30% increase from the $0.10 per share payout it made last quarter.
The board of directors said the quarterly dividend is payable on June 21 to the holders of record at the close of business on June 7.�It marks Donaldson's 231st�consecutive quarterly cash dividend paid over 57 years, and is the 27th consecutive year it has raised the payout.
Donaldson CEO Bill Cook�said, "Our updated dividend payout policy, combined with our long-standing practice of repurchasing an average of 2 percent of our outstanding shares each year, firmly demonstrates our commitment of returning a high percentage of our earnings to our Shareholders while continuing to grow our Company's sales and earnings."
The regular dividend payment equates to a $0.52-per-share annual dividend, yielding 1.4% based on the closing price of Donaldson's stock on May 22.
Best Blue Chip Companies For 2015: Aerosonic Corporation(AIM)
Aerosonic Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of aircraft instruments worldwide. It offers mechanical and digital altimeters, airspeed indicators, rate of climb indicators, microprocessor controlled air data test sets, and other flight instruments. The company also produces mechanical and electro-mechanical cockpit instruments, angle of attack stall warning systems, digital cockpit instruments, integrated flight display systems, aircraft sensors and monitoring systems, and integrated multifunction probes, such as integrated air data sensors. It markets its products to manufacturers of corporate and private jets, contractors of military jets, the United States government, and private aircraft owners. The company sells its products directly through its sales personnel, as well as through distributors and commissioned sales representatives who resell to aircraft operators. Aerosonic Corporation was founded in 1953 and is b ased in Clearwater, Florida.
Advisors' Opinion:- [By Katia Dmitrieva]
Aimia (AIM) Inc.�� decision to move its Aeroplan reward-partnership to Toronto-Dominion (TD) Bank is a blow to Canadian Imperial Bank of Commerce, which stands to lose customers and as much as C$3 billion ($2.9 billion) in credit-card balances.
10 Best Electric Utility Stocks To Watch For 2014: SINOPEC Shangai Petrochemical Company Ltd.(SHI)
Sinopec Shanghai Petrochemical Company Limited engages in the production of polypropylene compound products, polypropylene products, acrylic fiber products, petrochemical products, synthetic fibers, resins and plastics, and petroleum products in China and internationally. It also involves in the import and export of petrochemical products and equipment. The company was founded in 1972 and is based in Shanghai, the People's Republic of China. Sinopec Shanghai Petrochemical Company Limited is a subsidiary of China Petroleum & Chemical Corporation.
Advisors' Opinion:- [By Tyler Crowe and Aimee Duffy]
After selling about $10.8 billion in assets throughout 2012, it looks as though Chesapeake Energy (NYSE: CHK ) is on track for more big sales in 2013. The company just announced this week that it plans to sell 98,000 acres in the Utica shale region of Ohio. Once the sale is completed, it will be the third large influx of capital this year, after the company inked $3.2 billion in joint ventures with Sinopec (NYSE: SHI ) and Total (NYSE: TOT ) this year.�
- [By Arjun Sreekumar]
Some companies -- overwhelmed by the oil thefts, spills, and vandalism that have become commonplace in Nigeria -- have retrenched from their operations in the country, either partially or entirely. For instance, in November, French oil major Total (NYSE: TOT ) agreed to sell a 20% stake in an offshore Nigerian oil field to Chinese oil giant China Petrochemical (NYSE: SHI ) , also known as Sinopec, for roughly $2.5 billion. Shortly thereafter, in December, ConocoPhillips (NYSE: COP ) backed out of its operations in the country, selling its Nigeria unit to Toronto-listed Oando Energy Resources for about $1.79 billion in cash. �
10 Best Electric Utility Stocks To Watch For 2014: Owens & Minor Inc.(OMI)
Owens & Minor, Inc., together with its subsidiaries, provides distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. Its services include logistics, supplier management, analytics inventory management, outsourced resource management, clinical supply management, and business process consulting. The company also offers various services comprising PANDAC, an operating room-focused inventory management program that helps healthcare providers to control suture and endo-mechanical inventory; SurgiTrack, a customizable surgical supply service that includes the assembly and delivery of surgical supplies in procedure-based totes; OMSolutions, a supply-chain consulting, customer technology, and resource management service; and WISDOM Gold, an Internet-based supply spend management, data normalization, and contract management solution. In addition, it provides Clinical Supply Solutions, a n inventory and contract management service; and Implant Purchase Manager, a technology-based service, as well as owns OM HealthCare Logistics, a customized third-party logistics and business process outsourcing service. Further, the company distributes medical and surgical supplies to the acute-care market. It serves federal government, including the U.S. department of defense; and alternate-site providers, such as ambulatory surgery centers, physicians? practices, clinics, home healthcare organizations, nursing homes, and rehabilitation facilities, as well as provides distribution and supply-chain management services that include third-party logistics and business process outsourcing services to manufacturers of medical and surgical products. Owens & Minor, Inc. was founded in 1882 and is headquartered in Mechanicsville, Virginia.
Advisors' Opinion:- [By Chris Mydlo]
Owens & Minor Inc. (OMI) is trading at a low P/S ratio of 0.20, near its 10-year low of 0.18. The company offers supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies, and devices. It is held by 14 gurus we follow.
- [By Dividends4Life]
Memberships and Peers: CAH is a member of the S&P 500, a Dividend Aristocrat and a member of the Broad Dividend Achievers��Index. The company's peer group includes: AmerisourceBergen Corporation (ABC) with a 1.3% yield, McKesson Corporation (MCK) with a 0.6% yield and Owens & Minor Inc. (OMI) with a 2.5% yield.
- [By Marc Bastow]
Third-party logistics services provider Owens & Minor (OMI) raised its quarterly dividend 4.2% to 25 cents per share, payable March 31 to shareholders of record as of March 17.
OMI Dividend Yield: 2.82%
10 Best Electric Utility Stocks To Watch For 2014: Allscripts Healthcare Solutions Inc.(MDRX)
Allscripts Healthcare Solutions, Inc. provides clinical, financial, connectivity, and information solutions and related professional services to hospitals, physicians, and post-acute organizations primarily in the United States and Canada. The company?s integrated clinical software applications include acute care electronic health records, clinical and practice management solutions, revenue cycle management software, clearinghouse services, stand-alone electronic prescribing, and document imaging solutions, as well as various solutions for home care, hospice, skilled nursing, and other post-acute organizations. It also provides electronic medical records software; practice management software; electronic claims administration services; related installation and training services; hosting services for its software and outsourced solutions; and information technology outsourcing services. In addition, the company also resells related hardware products. Allscripts Healthcare Solutions, Inc. is headquartered in Chicago, Illinois.
Advisors' Opinion:- [By Seth Jayson]
Allscripts Healthcare Solutions (Nasdaq: MDRX ) is expected to report Q1 earnings on May 9. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Allscripts Healthcare Solutions's revenues will increase 0.8% and EPS will expand 16.7%. - [By Keith Speights]
GE Healthcare also claims one of the top spots in the world of electronic medical records. The Centers for Medicare and Medicaid Services, or CMS, reported recently that the company ranked in the No. 5 spot for Meaningful Use attestations needed for health care providers to receive federal incentives. Only two publicly traded companies placed higher than GE Healthcare -- Allscripts (NASDAQ: MDRX ) and Quality Systems' (NASDAQ: QSII ) NextGen Healthcare unit.
- [By George Putnam]
After a large acquisition, made in 2010, didn't work out as planned, Allscripts Healthcare Solutions (MDRX) put itself up for sale in early 2012. This created concern among its clients, and potential clients, and eventually led to the replacement of its long-time CEO in December 2012.
- [By Seth Jayson]
There's no foolproof way to know the future for Allscripts Healthcare Solutions (Nasdaq: MDRX ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result.
10 Best Electric Utility Stocks To Watch For 2014: MICROS Systems Inc (MCRS)
MICROS Systems, Inc. (MICROS), incorporated on September 8, 1977, is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries. The Company operates in two segments: the United States/Canada and International. The retail industry consists of retail operations selling directly to consumers, including retailers of clothing, shoes, food, hardware, jewelry, and other specialty items. Its enterprise information solutions consists three areas: hotel information systems, restaurant information systems and retail information systems. In addition to its software enterprise solutions and hardware products, it offers a range of services and other products for its hotel, restaurant and retail information systems. The hotel information systems consist of software, encompassing property based management systems (PMS), related property-specific modules and applications, and central systems, including central reservation systems (CRS). The restaurant information systems consist of hardware and software for point-of-sale (POS) and operational applications, a range of back office applications, including inventory, labor and financial management, and centrally hosted enterprise applications. The retail information systems consist of hardware and software encompassing POS, loss prevention, Web commerce applications, business analytics, customer gift cards, electronic payments and enterprise applications. Its retail solutions are provided through its MICROS-Retail group of subsidiaries, which includes Datavantage, CommercialWare, Advance Retail Systems (Mexico), MICROS Retail and Manufacturing Ltd. (United Kingdom), eOne, Fry, Fortech (Italy), MICROS eCommerce EAME (London), and MICROS Retail Austria GmbH. On May 31, 2012, MICROS acquired Torex Retail Holdings, Ltd. of Dunstable, England (Torex).
Hotel Information Systems
For the hotel and resort industry, the Company develops, distributes, and supports a range of ! hotel software products and services under the OPERA brand name. Its OPERA suite includes PMS, sales and catering, CRS, customer information system, revenue management, sales support, data mining, financial statements, condominium reservations and accounting, golf reservations, spa management, and quality management. It also offers a range for OPERA, which enables guest check-in and check-out, and other interactive features, through a kiosk.
The PMS software provides for hotel room check-in and checkout, reservations, guest accounting, travel agent accounting, and engineering management. The PMS software also interfaces to central reservation systems, to on-line travel services, and to global distribution systems. The OPERA sales and catering software enables hotel sales staff to evaluate, reserve and invoice meetings, banquets and related events for a property. The OPERA CRS software enables hotels to coordinate, process, track, and analyze hotel room reservations at a central facility for electronic distribution to the appropriate lodging site. The OPERA revenue management software enables hotels to manage room rates, occupancy, and the mix of business between corporate and transient customers. It also offers an Internet-based hotel reservation service through its myfidelio.net service. This service enables corporations, tourist representation services, and consumers to reserve rooms and manage reservations directly with designated hotels. This service also enables those hotel properties without internal reservation capabilities to outsource to us the maintenance of their connectivity to the global distribution systems and certain alternative distribution systems. The Company offers limited versions of the OPERA property management system called OPERA Xpress, OPERA Lite, and Operetta. As of June 30, 2012, approximately 20,200 hotel sites have installed either OPERA, OPERA Xpress PMS, OPERA Lite, or Operetta.
OPERA runs on two operating systems: Microsoft Windows (Server and X! P) and IB! M AIX, and uses an Oracle database. It offers hosting services for hotel customers in various data centers globally (including Ashburn and Manassas, Virginia; Buenos Aires, Argentina; Frankfurt, Germany, and Singapore) with the OPERA applications accessed through Internet or high speed connections. In addition to OPERA, it supports a range of hotel software products (PMS and other modules) under the Fidelio Version 7.0 brand name. Fidelio Version 7.0 uses the Microsoft Windows graphical user interface and runs on an Oracle database. As of June 30, 2012, approximately 2,875 hotels were using Fidelio Version 7.0. The Company also markets a PMS product in Europe under the brand name Fidelio Version 8. This product uses the Windows operating system with an Oracle database. As of June 30, 2012, the product was installed in over 3,750 hotel sites.
Through the Company�� subsidiary Fidelio Cruise, it markets the Ships Property Management System (SPMS) suite of applications, which includes a PMS product designed for use by the cruise industry. The SPMS application enables cruise operators to manage passenger, visitor, group, and crew information at various stages from check-in to check-out, invoicing, credit card handling with online functionality, safety and security, and automated check-in with picture taking for passengers, crew, and visitors. The software maintains the count of passengers and staff on-board, as required by international industry regulations. In addition SPMS modules support the operation of on-board health spas, on-board MICROS point-of-sale systems, on-board business centers, on-board medical centers, and on-board casinos, as well as shore excursions. It also markets Fidelio Cruise Crew Management System, which supports the shore side and shipboard crew resource operations for a cruise ship, and the Fidelio Cruise Fleet Management System, which enables fleet-wide data analysis for cruise ship operators. Fidelio Cruise software is installed on approximately 220 cruise ships.
Restaurant Information Systems
The Company�� restaurant systems include POS applications, kitchen product applications, mobile applications, marketing applications, and hardware. Its front-of-house restaurant products operate on either industry standard personal computers (PCs) or terminals that have additional functionality and design appropriate for food service environments. The workstations the Company has designed, and which it markets and sells, are the Workstation 5A and 2015 PC Workstation. It also integrates other hardware devices into its complete product offerings.
Workstation 5A is a PC based POS terminal using Microsoft�� Embedded CE 6.0 and POSReady 2009 operating systems. The MICROS 2015 PC Workstation is a POS terminal designed to operate its restaurant applications and other third party PC-based software applications. The product uses Intel chip architecture. It can be configured to accommodate memory and storage requirements. The product supports Microsoft operating systems and Linux.
The Protege Customer Display System and MICROS Order Confirmation Systems are designed for the quick service restaurant market, and provide information to a restaurant�� customers regarding their order. The Protege Customer Display System is connected to a MICROS Workstation. It is a Microsoft Windows CE client equipped with a touchscreen allowing for interactive use. The MICROS Order Confirmation System is also a Microsoft Windows CE client, and provides order detail through a remote 15 inches daylight viewable display. It also markets a product named the Keyboard Workstation 270. This product enables orders to be entered through the MICROS Simphony and 9700 HMS through a workstation with a keyboard interface in lieu of a touchscreen. The Keyboard Workstation is used in institutional food service environments, convention centers, and sports complexes. Through its JTECH subsidiary, it offers pagers, wireless systems, alert software, and related products for! use in r! estaurants, retail, medical, and other environments.
The Company resells various other hardware products, including personal computers, servers, printers, network cards, and other related computer equipment. The Company�� restaurant POS software systems are Simphony, the MICROS Restaurant Enterprise Series (3700 POS) system, the MICROS 9700 Hospitality Management System (HMS), Hospitality Solution�� Profit Series, and the MICROS e7 Series. These systems provide transaction control for table service, quick service and food service and entertainment venues. Its design architecture enables existing users of MICROS POS products to access third party software applications in conjunction with their existing MICROS POS systems. In addition, MICROS restaurant information system products interface with back office accounting and property management systems, including its hotel PMS products.
The Simphony software solution is designed to be an all-inclusive software application for use by table service restaurants, quick service restaurants, and enterprise operations. It is capable of operating at single site venues, such as airport and other travel-related food service concessions, casinos, theme parks, and resorts as well multi-unit quick service and table service restaurant operations. The enterprise Simphony database is supported either by Microsoft SQL Server or Oracle. As of June 30, 2012, MICROS has installed over 9,300 sites with Simphony, and hosts approximately 800 of those sites.
The MICROS 9700 HMS is designed for leisure and entertainment venues, which include resorts, casinos, airport and other travel-related food service concessions, stadiums/arenas, theme parks, table service and quick service restaurants in hotels, and restaurants. The MICROS 3700 POS is designed for table service and quick service restaurants. It has an open systems architecture using the Microsoft�� Windows operating system and a Sybase relational database, and can run on standard PCs! or works! tations. It uses a color touch screen with a Microsoft Windows based graphical user interface.
The Company markets a range of back office and operation focused software solutions, which extend beyond point-of-sale. The suite is called the MICROS Restaurant Enterprise Series (RES). The MICROS RES software solutions include point-of-sale transaction control, restaurant operations, data analysis, and communications. The POS software comprises the front-end application for the RES system. The restaurant operations modules include inventory, product forecasting, labor management, financial management, gift cards, customer loyalty and enterprise data management. Other components include Mobile MICROS and MICROS RES Kiosk, which enables customer information and self-ordering on third-party kiosks or directly through the use of smart phones and tablets.
For management of multiple restaurants, MICROS RES includes a range of software products called Enterprise Management. This suite enables data to be transmitted to a remote site for data collection and analysis. In addition, pricing and menu changes can be made from a remote site and downloaded to specified restaurant locations. It also markets a POS system called MICROS e7. This product runs on the MICROS Workstation 5 and 5A series and uses the Microsoft Windows CE Operating system. The Company markets an Internet-based portal product called mymicros.net. The mymicros.net product posts restaurant transaction POS detail to a centralized data warehouse in near real time. This product enables the customer to view reports and charts for a single site, a group of restaurants, or the entire enterprise from any location that has an Internet connection. In addition, mymicros.net incorporates additional products for inventory management, labor scheduling and control, gift cards, loyalty cards and other marketing programs. The mymicros.net software product can either be purchased through a perpetual use license or by an annual or multi-year so! ftware-as! -a-service (SaaS) subscription contract. It hosts mymicros.net, Simphony, and other hosted POS-related applications in the same data centers where it offers hosting services for its OPERA PMS. As of June 30, 2012, it hosted applications supporting over 29,000 restaurants.
Retail Information Systems
Through the Company�� MICROS-Retail group of subsidiaries (MICROS-Retail), it markets retail store software systems, direct commerce solutions and business intelligence applications. The retail store software systems are called Store21 Store Management System (Store21), Tradewind Store Management System (Tradewind) and Xstore Store Management System (Xstore). Store21 is a POS product designed for specialty retailers. The products operate on Microsoft�� Windows NT and 2000 and 2003 operating systems and use a Sybase database. Both products can be integrated with the retailer�� back office systems, and it also offers additional back office, communications, and reporting modules for use with Tradewind and Store21.
Xstore is the Company�� retail POS software system. It is a full service oriented architecture (SOA) compliant architecture. It runs on the Sun Microsystems Java operating system, and its architecture enables it to be integrated to both Windows and Linux-based back office systems. It can operate on any Java compatible operating system and database. Like Store21 and Tradewind, its predecessor products, Xstore is a front-end POS software system. Xstore is designed to run in a Windows or a Linux environment, while Store21 and Tradewind, as designed, can operate only in a Windows environment.
The Company offers the MICROS-Retail Home Office Business Intelligence Suite for retail stores, which includes loss prevention (marketed under the trade name XBR), customer relationship management, gift cards (marketed under the trade name Relate), and audit control (marketed under the trade name Balance). It also offers XBR to its restaurant customers throug! h MICROS ! provided centrally hosted or self-hosted environment. MICROS-Retail also offers in-store mobile solutions with Apple Corporation�� iPod Touch, iPhone and iPad systems. These solutions enable the store associate to ring up sales, handle inventory and service customers using the mobile devices. MICROS-Retail offers an eCommerce platform with features, marketed under the trade name Open Commerce Platform, as well as creative and design services to help customers create custom Websites.
MICROS-Retail offers order management and order broker software and services (marketed under the trade names CW Serenade and Locate, respectively), which enable a retailer to manage customer purchase transactions through multiple sources, including a store, the Internet, catalog phone-in orders, call centers, kiosks, and wireless devices. MICROS-Retail develops, supports, and distributes software solutions, which provides for collaborative end-to-end product and supplier lifecycle management and ingredient legal compliance tracking under the names Creations and myCreations. Creations and myCreations customers include accounts, such as Tesco, Sainsbury��, Wm Morrison, Sobeys, H.E. Butt, Metro, Kodak, Bodyshop and Booker.
The Company provides a range of services to its customers, including system installation, operator and manager training, on-site hardware maintenance, customized software development, application software support and credit card software support. During the fiscal year ended June 30, 2012 (fiscal 2012), service revenue constituted approximately 65.6% of its total revenue. Maintenance service contracts include on-site and depot hardware maintenance, application software support, credit card software support, and software hosting. The Company provides on-site hardware maintenance and software support through a combination of direct and indirect channels. The on-site hardware maintenance is provided to customers using MICROS POS hardware and software systems. It also operates other! more lim! ited help desk operations, including Fidelio Cruise support desks in Hamburg, Germany and Fort Lauderdale, Florida, the JTECH help desk in Boca Raton, Florida, and a help desk in Scottsdale, Arizona for certain legacy POS products. Its corporate customer support center in Columbia, Maryland provides back-up support for its regional centers in Buenos Aires, Singapore, and Galway, and its research and development operation in Naples, Florida, provides support for its hotel software products. The regional support centers also provide back-up support and guidance for local and in-country support providers.
The Company operates data centers in Ashburn and Manassas, Virginia, Buenos Aires, Chicago, Frankfurt, Nottingham, England, and Singapore in conjunction with third-party vendors to serve as hosting centers for customers deploying its hosted and application service products. It offers Website design and portal management services, for the retail industry. These include the development and management a customer�� Website for ordering, sales promotion, and marketing. It also offers Web based marketing services to hotels, restaurants and retail companies.
The Company competes with NCR, Panasonic, Par Technology, Sharp, Agilysys, Positouch, Xpient Solutions, Casio, Dell, HP, IBM, Toshiba, Multi-Systems, Newmarket, Northwind, Par Technology, Protel, Softbrands, Pegasus, Trust International/TravelPort, Vantis, Sabre, TravelClick, Epicor, Escalate Retail, JDA Software, Oracle, SAP, DemandWare and eBay.
Advisors' Opinion:- [By Seth Jayson]
MICROS Systems (Nasdaq: MCRS ) is expected to report Q3 earnings on April 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MICROS Systems's revenues will expand 18.9% and EPS will grow 8.9%. - [By Vera Yuan]
On June 23, 2014, MICROS Systems, Inc. (MCRS) announced that it has entered into a definitive agreement to be acquired by Oracle Corporation at a premium to the Fund�� cost. Following the news of the announcement, the Fund sold its remaining holdings in MICROS Systems, Inc., believing the acquirer paid a fair price.From Robert Olstein (Trades, Portfolio)�� The Olstein Strategic Opportunities Fund�� 2014 Second Quarter Letter to Shareholders.Also check out: Robert Olstein Undervalued Stocks Robert Olstein Top Growth Companies Robert Olstein High Yield stocks, and Stocks that Robert Olstein keeps buying Currently 0.00/512345
Rating: 0.0/5 (0 votes)
- [By Damian Illia]
Although my track record as an investor is not at all comparable to Carl Icahn麓s, one thing can still be said: Following Icahn麓s investments blindly is not a good idea. Icahn is not just an investor, but also an activist, with his own agenda, his own interests, which many times can diverge from yours. Having said this, I would recommend staying away from Nuance at the time, mainly in account of its high valuation and somewhat uncertain prospects. Instead, I would recommend considering Autodesk or Micros Systems (MCRS), which I will look into in my next article, for your long-term portfolios.
- [By Melvin Backman]
3. Big deal for Micros: The computer giant purchased MICROS Systems (MCRS), one of its largest customers, for more than $5 billion. Micros specializes in providing software applications to the hospitality and retail sectors, and has worked with Oracle for more than 15 years. Oracle shares are flat, and Micros stock is up 3%.
10 Best Electric Utility Stocks To Watch For 2014: WestJet Airlines Ltd (WJA)
WestJet Airlines Ltd. (WestJet) provides airline service and travel packages with scheduled service to more than 85 destinations in North America, Central America and the Caribbean, and has partnership agreements with over 30 airlines around the world. WestJet operates a fleet of more than 100 Boeing Next-Generation 737 and Bombardier Q400 NextGen aircraft. The Company�� subsidiaries include WestJet Investment Corp., WestJet Operations Corp., WestJet Vacations Inc. and WestJet Encore Ltd. Advisors' Opinion:- [By Gerrit De Vynck]
Closely held Porter unveiled plans in April to add as many as 30 CSeries jets in an order valued at as much as $2.1 billion from Montreal-based Bombardier to reach as far as Los Angeles and the Caribbean as it challenges the country�� two biggest carriers, Air Canada and WestJet Airlines Ltd. (WJA) The order, which would be Bombardier�� first for the aircraft with a Canadian carrier, is conditional on the runway extension and a removal of the jet ban.
- [By Eric Lam]
BlackBerry, the smartphone maker looking to sell itself, lost 3.6 percent to pace declines among technology stocks. WestJet (WJA) Airlines Ltd. dropped 2.5 percent as load factor slipped in September. Valeant Pharmaceuticals International Inc. rose 1.4 percent after receiving approvals for products in the U.S. and Canada. Agrium Inc. added 0.7 percent after naming a successor for its retiring chief executive officer.
10 Best Electric Utility Stocks To Watch For 2014: Centor Energy Inc (CNTO)
Centor Energy Inc, formerly Centor, Inc., incorporated on February 16, 2011, is an exploration-stage company. The Company is engaged in the business of mineral exploration.
On November 26, 2012, the Company entered into a purchase agreement with Bullnet Gold Resources Limited. As of May 31, 2013, the Company had not generated revenues. As of May 31, 2013, the Company had no mining operations.
Advisors' Opinion:- [By James E. Brumley]
Well, that answers that question. Questerre Energy Corp. (TSE:QEC) and Crescent Point Energy Corp. (TSE:CPG) likely knew they had some shale-oil mining neighbors in the Bakken Shale neighborhood in Saskatchewan, Canada, but they hadn't seen much of that competition. That's about to change soon. Adequately funded and eager to begin laying its final mining plans, Centor Energy Inc. (OTCBB:CNTO) is going to officially own 55% of a 21,000 acre shale oil property that's anywhere from just a few miles away to just a few meters away from and Crescent Point Energy's and Questerre Energy's operations in one of the oil-richest known areas in the Bakken formation. And to be clear, it's not like Centor Energy is just getting the ball rolling; the planning for this project has been underway for months. Once the property-acquisition deal is inked in mid-February, CNTO will likely finish up its feasibility study and begin the approval process for its facility later in the year. That's pretty quick, but as was noted, a great deal of the legwork has already been done.
- [By James E. Brumley]
What do Questerre Energy Corp. (TSE:QEC) and Crescent Point Energy Corp. (TSE:CPG) know about oil in Saskatchewan that Centor Energy Inc. (OTCBB:CNTO) doesn't? Absolutely nothing. All three companies know there's oil in the southern part of the Canadian province, and they know exactly how to go get it. The only difference between QEC, CPG, and CNTO is, Questerre Energy and Crescent Point Energy are further along the development of their operations there than Centor Energy.
- [By James E. Brumley]
Quick, what do Chesapeake Energy Corporation (NYSE:CHK), Centor Energy Inc. (OTCBB:CNTO), and Total SA (NYSE:TOT) have in common? If you said "they're all energy companies" then technically you're right. It's not necessarily the meaningful answer that we were looking for, however. No, the more significant commonalty between TOT, CHK, and CNTO right now could be that (1) 20 years ago, nobody thought they'd be having any real success doing something they're all three now involved in.... shale mining. Yet, reality is reality. While Chesapeake Energy is best known as a natural gas play, its heavy fiscal lifting is actually being done by its oil shale mining efforts in Eagle Ford, Texas. Total SA is more of a tradition integrated oil and gas company, but it too has found success - and profits - in the shale business. What's that got to do with Centor Energy? Centor is simply following a well-proven oil shale lead. It's just doing so in a newly-proven region of the world that's rich in the resource.
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