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Contango Oil & Gas Company (NYSE MKT:MCF) (“Contango”) announced today results on its second and third wells drilled on its Southern Delaware Basin acreage in Pecos County, Texas.
As quoted in the press release:
As previously reported, the Rude Ram #1H and Ripper State #1H were drilled from a common surface location
Mercenary Geologist Mickey Fulp shares his thoughts on uranium, copper and the resource sector.
Reuters reported that after rising to its highest price in almost a month earlier today, benchmark copper on the London Metal Exchange (LME) edged lower, trading at $7,280 per tonne.
Reuters reported that tin rose on Monday as investors’ confidence in global growth outlook increased after data showed strength in the U.S. and China economy.
Seeking Alpha reported a how-to guide and suggestions on the best way to invest in palladium.
Reuters reported Standard Bank analyst Leon Westgate said tin prices have upside potential after announcements earlier this month of cutbacks in Indonesia.
Seeking Alpha explained the structure of crude oil exchange-traded funds (ETFs) and exchange-traded notes (ETNs).
Bloomberg reported the nickel market is moving into contango as Russia slows exports holding onto stores of the metal.
Following copper’s 2010 bull run, exchange-traded products have been gaining interest with investors seeking exposure to the copper market.
Bloomberg reported that according to the Tiberius Group, aluminum prices will most likely drop after investors begin to unwind financing deals overshadowing most of London Metal Exchange stockpiles.
Monday marked coppers sixth straight daily loss, and its longest losing streak in since June, after Standard & Poor’s put a “negative” outlook on the AAA credit rating for the United States, the world’s largest economy and the second-largest consumer of the metal.
Etftrends reports that the index provider behind a broad commodity exchange traded fund (ETF) has recently launched a copper index.
ETFs have generated interest among investors, who purchased $277 billion of commodity ETFs and related securities by the end of 2009, attracted primarily to the potential of low costs, stock-like features and relative tax efficiency as well as profiting from exposure to raw materials’ global demand.
Fearing the rise of inflation due to the reluctance of central banks to change historically low interest rates, investors are looking to silver. This practical guide shows newbie investors how to enter the silver market in all forms, either in bullion, ETFs, futures contracts, or through direct investment in mining
Gurufocus.com reported on Aluminum Stocks: As Another Contango Begins, Here’s the Best Way to Play It:
Tin Investing News reports tin markets are pretty tight.
The worry is that market participants who are caught short of the metal at certain dates during this period could be forced to pay very high prices to cover themselves. Looming tightness in the tin market is reflected in a backwardation —
Long tin positions are a major bugbear for the tin industry. Committee members at the London Metal Exchange are angry at the LME’s lack of action on the large scale long tin positions. Market concerns centre on the September-December 2009 contracts and the amount of available metal stored in LME
