Today on Stockhouse
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The Energy Report interviews an analyst who advises junior oil and gas investors to look overseas.
And, Lawrence Roulston writes a primer for alternative energy investors who want to learn more about wind power.
Top Bullboards post: “Based on these numbers, the more correct price would be around 8,” according to huesos on the Canplats Resources Corp (TSX: V.CPQ, Stock Forum) Bullboard following news Goldcorp had won the right to make a competing proposal to the offer from Minera Penmont for the junior miner. “All this is prior to the drilling that the major acquiring CPQ will do subsequent to the take over. When GG finally began to drill Penasquito, the total resource numbers climbed off the scale. Ag numbers went way up and the total number of ounces of gold went from negligible to over 18 million. Goldcorp stole that one also. When you see the final numbers that come out of this one, you should be sufficiently steamed.”
Top Bullboard: Wavefront Technology Solutions (TSX: V.WEE, Stock Forum) received the second-most reads and the third-most posts.
For news about small stocks that made big moves in Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"People may go and spend the extra dime this year because they certainly didn't last year," said Bernie McGinn, CEO of McGinn Investment Management, in an interview with MarketWatch. "Profits will be stronger because the companies are lean and mean."
Today In The Markets
Positive economic news underpins stock gainsDJIANASDAQTSX Venture
Toronto & New York (The Canadian Press) - Rising oil and gold prices gave a lift to the Toronto stock market Wednesday afternoon amid data showing the Canadian economy continued to grow during the fall.
The S&P/TSX composite index moved 51.7 points higher to 11,679.7 as Statistics Canada reported that the hot housing market in many parts of Canada helped push real gross domestic product up by 0.2 per cent in October.
It was the second consecutive monthly advance in economic activity but the reading was weaker than the 0.3 per cent pace that economists had expected.
New York's Dow Jones rose 9.4 points to 10,474.4 amid another economic report showing that consumer spending and incomes rose in November. The U.S. Commerce Department says consumer spending jumped 0.5 per cent in November, while incomes gained 0.4 per cent.
The Nasdaq composite index moved up 15.46 points to 2,268.13 while the S&P 500 ticked ahead 2.85 points to 1,120.85.
Please click here for the complete U.S. and Canadian market summaries.
UAL Corp (NASDAQ: UAUA, Stock Forum), United Airlines, Continental Airlines (NYSE: CAL, Stock Forum) The three U.S. carriers said that they wish to create a trans-Pacific network with All Nippon Airways of Japan; they have filed for release from anti-trust rules with the Department of Transportation.
Com Dev International (TSX: T.CDV, Stock Forum) The maker of equipment for military and space applications announced on Wednesday that it had won follow-on contracts for more than $7 million to provide3 microwave equipment for a military communications satellite.