Suncor Energy Inc. - SU.t

Suncor Energy Inc. - SU.t produces oil, natural gas, wind-generated electricity and ethanol. Oil sands operations are the focus of Suncor’s business. The company operates a network of 1,500 Petro-Canada retail and wholesale outlets across Canada and a network of retail sites under the Shell and Phillips 66 brands in Colorado.

On June 7, 2016 the company released News

" Suncor today announced it has entered into an agreement to sell 71.5 million common shares from treasury, on a bought deal basis, at a price of $35.00 per share (the "Offering"). The net proceeds of the Offering will be used for the previously announced acquisition of an additional five percent interest in the Syncrude joint venture and to reduce certain outstanding indebtedness in order to provide ongoing balance sheet flexibility, including for opportunistic growth transactions that Suncor may identify in the future.

Over the last nine months, Suncor has invested approximately $9 billion via acquisitions and related future development expenditures, resulting in increased, long life production capacity of approximately 164,000 barrels per day. Including the Offering, these investments have been 60% funded by the issuance of equity and 40% by cash and debt, leaving balance sheet flexibility for potential future opportunistic growth transactions.

The Offering will be made through a syndicate of underwriters (the "Underwriters") led by TD Securities Inc., CIBC Capital Markets and J.P. Morgan Securities Canada Inc. The gross proceeds are expected to be approximately $2.5 billion. Completion of the Offering is subject to, and conditional upon, the receipt of all necessary approvals, including approval of the Toronto Stock Exchange and the New York Stock Exchange. The Offering is expected to close on or about June 22, 2016.

Suncor has also granted the Underwriters an over-allotment option to purchase up to an additional 10.7 million common shares at the offering price, exercisable at any time until 30 days after closing of the Offering. If the over-allotment option is exercised in full, the gross proceeds from the Offering are expected to be approximately $2.9 billion.

http://canadastockjournal.blogspot.com/2016/06/suncor-energy-inc-sut.html

Valeant Pharmaceuticals International, Inc. - VRX.t

Valeant Pharmaceuticals International, Inc. - VRX.t is a diverse pharmaceutical company that is committed to focusing on key stakeholders while delivering consistently high performance. The company offers a diverse product portfolio with focus on branded pharmaceuticals, branded generics and over-the-counter products.

On June 7, 2016 the media reported NEWS

Embattled Valeant Pharmaceuticals International Inc. offered up yet another disappointment to investors Tuesday as the company slashed its projected financial results for the year and fell short of expectations in its first-quarter earnings report. The stock sold off sharply in premarket trading.

The Laval, Que., company, which in the past few weeks has replaced its chief executive, overhauled most of its board of directors and faces a phalanx of investigations by an assortment of government authorities in the U.S., said it now expects to earn revenue of between $9.9-billion (U.S.) and $10.1-billion this year, down from its last forecast of at least $11-billion. Valeant also forecast it would earn “adjusted earnings per share” – a customized, non-GAAP measure used by the company – of no more than $7 per share this year, down from its previous forecast of between $8.50 and $9.50.

Valeant’s results for the first quarter also managed to disappoint. While the company’s $2.37-billion in revenue and adjusted EPS of $1.27 were within its range of guidance, they fell short of consensus analyst expectations of $2.38-billion and $1.36, respectively. The company posted a first quarter GAAP loss of $1.08 per share. The stock was down 17 per cent in premarket trading. __________________________________On May 9, 2016 the media released News

Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) ("Valeant" or the "Company") today announced that it expects to file its Form 10-Q for the quarter ended March 31, 2016 with the Securities and Exchange Commission and the Canadian Securities Regulators on or before June 10, 2016, well in advance of the July 31, 2016 deadline contemplated in the company's amended Credit Agreement. The Company will provide details regarding its conference call and live webcast to discuss first quarter 2016 financial results in due course.  In addition, the Company expects that quarterly filings for the quarter ending June 30, 2016 and thereafter will be filed with the Securities and Exchange Commission and the Canadian Securities Regulators on a timely basis under the applicable rules.
http://canadastockjournal.blogspot.com/2015/10/valeant-pharmaceuticals-international.html

Jade Mining

Jade is the gem name for mineral aggregates composed of either or both of two minerals, Jadeite and Nephrite. Jadeite is a sodium-rich aluminous pyroxene; nephrite is a fine-grained, calcium-rich, magnesium, iron, aluminous amphibole. All jade is composed of fine-grained, highly intergrown, interlocking crystals of one or both of these minerals. Though neither mineral is very hard (6-7), jade is one of the toughest gem minerals known. Most jade on the market is composed of nephrite; jadeite is very rare and in its emerald-green, translucent form is called Imperial Jade.

BC Polar Nephrite Jade Bear and Salmon fish on Nephrite Jade Rough

Jade mountains in northwestern B.C. east of Juneau, Alaska

The world jade market is estimated at 300 tonnes per year, with three quarters of this originating from British Columbia. The price of raw jade varies from less than $10 to $100 per kilogram depending on quality and quantity. The best B.C. nephrite is bought by local artists and transformed into artwork which is in demand internationally.

Cutting jade boulders at Jade West’s Ogden Mountain mine

The 2008 Beijing Olympics reignited China’s interest in nephrite. Dubbed the “Stone of Heaven”, China used it in Olympic medals and ran a campaign to remind its residents that nephrite is the country’s traditional jade. The subsequent surge in demand resulted in skyrocketing jade prices. Some export-oriented, jewelry-grade jade can sell for $200 a kilogram – a 10-fold increase from a decade ago.

Chinese Nephrite Jade Carving

Nephrite Dragon Nephrite Jade BC Polar Nephrite Jade Elephant figurine

Chinese nephrite jade carved pendant

Small-scale miners search for stone as dump trucks dump tailings.

Police in northern Myanmar said they have abandoned efforts to find the bodies of up to 100 jade miners who were buried when a mine dump collapsed. The 60m (200ft) high mountain of dirt and debris enveloped 70 makeshift huts at its foot, burying migrant miners as they slept. Itinerant jade pickers and their families scratch a living scavenging for scraps of jade in the towering heaps of debris left behind by mining companies.