Mag Silver Corp. (AMEX:MVG) Silver Wheaton Corp. (NYSE:SLW), Pan American Silver Corp. (Nasdaq:PAAS) all soared Thursday on the news the Federal Reserve was going to inflate in a big way again, driving up the broader commodity market, along with individual companies within each sector.
Almost all commodity prices rose, including silver, which surpassed $26 an ounce. Gold prices rose to all-time records, while aluminum rose to its highest levels since April.
Mag Silver closed at $9.67 Thursday, rising $0.24, or 2.54 percent. Silver Wheaton surged to close at $32.20, gaining $2.59, or 8.75 percent. Pan American was up $34.51 at the end of the day, increasing by $2.06, or 6.35 percent.
Showing posts with label MAG Silver. Show all posts
Showing posts with label MAG Silver. Show all posts
Friday, November 5, 2010
Monday, May 10, 2010
MAG Silver (TSE:MAG), Platinum Group Metals (TSE:PTM) Founder Likes Natural Gas
The founder of precious metal mining companies like MAG Silver (TSE:MAG), Platinum Group Metals (TSE:PTM), R. Michael Jones, likes what he sees in the natural gas sector, and is pursuing it with his latest startup, Nextraction Energy Corp. (TSE-V:NE).
Nextraction Energy targets gas development in the U.S., primarily shale gas which has been so abundantly discovered, and over the long-term will change the energy picture around the world, and bring the focus back on the U.S., which used to be the largest oil producer in the world.
Jones especially likes the emerging markets possibilities, where natural gas will serve them as an efficient energy supplement or replacement for oil, which will cost much less.
While in the short term natural gas is expected to remain depressed in price, over the long term it could rise some and stabilize, offering a predictable stream of income for companies positioned to take advantage of it.
But this is definitely a long-term play, as natural gas companies gravitate toward oil for profits in the low-margin, existing natural gas market.
Nextraction Energy targets gas development in the U.S., primarily shale gas which has been so abundantly discovered, and over the long-term will change the energy picture around the world, and bring the focus back on the U.S., which used to be the largest oil producer in the world.
Jones especially likes the emerging markets possibilities, where natural gas will serve them as an efficient energy supplement or replacement for oil, which will cost much less.
While in the short term natural gas is expected to remain depressed in price, over the long term it could rise some and stabilize, offering a predictable stream of income for companies positioned to take advantage of it.
But this is definitely a long-term play, as natural gas companies gravitate toward oil for profits in the low-margin, existing natural gas market.
Saturday, April 17, 2010
MAG Silver (AMEX:MVG) Has Great Potential Gains
MAG Silver has a lot of potential
When measured by competitors in the Precious Metals & Minerals industry, MAG Silver (AMEX:MVG) is the leading company as far as possible upside gains going forward.
Thats what the consensus is among analysts, who have an average price target of $12.24 a share, a huge 62.3 percent upswing if they reach it.
The last closing price of MAG Silver was $7.51.
When measured by competitors in the Precious Metals & Minerals industry, MAG Silver (AMEX:MVG) is the leading company as far as possible upside gains going forward.
Thats what the consensus is among analysts, who have an average price target of $12.24 a share, a huge 62.3 percent upswing if they reach it.
The last closing price of MAG Silver was $7.51.
Tuesday, March 30, 2010
MAG Silver (AMEX:MVG) Prime for Takeover?
MAG Silver a takeover target?
With MAG Silver (AMEX:MVG) almost doubling its share price over the last 12 months, and a plethora of high-quality properties under its control, you wonder if some larger companies are again thinking it may be the right time to swoop in and acquire them before their share price really shoots up and they become extremely expensive to own.
Their market cap is only a little over $357 million as of this writing, so would be very desirable, even with their price close to double what it was last March.
I think any company that does their homework would find MAG Silver an extraordinary buy, but the existing economic climate still makes any long-term acquisition somewhat risky for all but the mining companies with the deepest pockets.
While it's somewhat doubtful, MAG Silver could be left on its own, in which case they should do well over the next decade or so, and probably further. If not, they would still be a great acquisition for the right company.
MAG Silver a takeover target?
With MAG Silver (AMEX:MVG) almost doubling its share price over the last 12 months, and a plethora of high-quality properties under its control, you wonder if some larger companies are again thinking it may be the right time to swoop in and acquire them before their share price really shoots up and they become extremely expensive to own.
Their market cap is only a little over $357 million as of this writing, so would be very desirable, even with their price close to double what it was last March.
I think any company that does their homework would find MAG Silver an extraordinary buy, but the existing economic climate still makes any long-term acquisition somewhat risky for all but the mining companies with the deepest pockets.
While it's somewhat doubtful, MAG Silver could be left on its own, in which case they should do well over the next decade or so, and probably further. If not, they would still be a great acquisition for the right company.
MAG Silver a takeover target?
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