A couple of weeks ago I mentioned I bought a few of the $85 strike SEP 10 puts on BP Prudhoe Bay (NYSE: BPT). Sold out of BPT today at $104.69, for a gain of a little over 100% since I bought it in ‘07. Also put in a limit order to buy a [...]

Back in January, on the old blog, I mentioned this Altman Z”-score pairs trade:
As of Friday’s close, Short Screen showed an Altman Z”-Score of -0.13 for Trico Marine Services (Nasdaq: TRMA) and an Altman Z”-score of 9 for Oceaneering International (NYSE: OII). Recall that Z”-scores below 1.1 indicate financial distress and risk of bankruptcy, [...]

The FT reports:
The deal by Vale of Brazil and Anglo-Australian BHP Billiton with Japanese and Chinese mills marks the end of the 40-year-old benchmark system of annual contracts and lengthy price negotiations. The industry instead agreed to move to quarterly contracts linked to the nascent iron ore spot market.
“The benchmark system has ended. There is [...]

I contacted the fellow who brought Nanologix (Pink Sheets: NNLX.PK) to my attention initially (Barry B.), asking him if he’d be interested in writing a guest post about it here. My e-mail caught him on vacation in Belize, but he said he’d take as stab at a guest post here when he got back. [...]

I’ve owned the royalty trust BP Prudhoe Bay (NYSE: BPT) for a few years. Back when oil hit $147 per barrel, BPT hit an all-time high of about $106 per share. Today it closed at $97.88 with oil at about $82 per barrel. Yahoo! Finance shows a forward dividend yield of 15% on BPT, but [...]

U.S. Energy Corp. (Nasdaq Capital Market: USEG) issues its annual report. Here’s the full filing, via the SEC’s website, and here are the company’s highlights via its press release. Nothing too surprising here; the investment thesis remains on track since I last blogged about this company. These were the highlights the company listed in its [...]

On Steam Catapult today, revisiting the idea of a crowd-sourced due dilly trip to Perth to check up on Alloy Steel International (OTC BB: AYSI.OB) via a new crowd-sourcing site: Rocket Hub.