As Oil Sinks, Producers Reprioritize Investments

Source: Wall Street Journal (12/20/08)

"Budgets in the U.S. and Canada are being cut the most."

Plummeting oil prices have rattled the energy industry, leading oil-rich nations and energy companies to cut production and investment in an effort to stop the slide.

Oil prices hit a more than 4½-year low this week, falling 77% in the past five months. On Friday, crude oil for January delivery fell $2.35, or 6.5%, to $33.87 a barrel on the New York Mercantile Exchange. Oil producers who were enjoying record-setting revenue earlier this year are re-examining projects that now are of questionable value.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."