Posts From King World News

Oil companies’ profits hit by quest for crude price exposure

The drop in big oil companies’ profits in the past eight months isn’t just a function of lower crude prices – it also reflects strategic choices. A Reuters examination of corporate filings by some of the biggest players in the industry, including BP , Shell and France’s Total , shows the sensitivity of these companies’ earnings to changes in oil prices has risen in recent years. This means that for

Great Panther And Cangold Execute Definitive Arrangement Agreement

[PR Newswire] – VANCOUVER, April 13, 2015 /PRNewswire/ – GREAT PANTHER SILVER LIMITED (GPR.TO) (NYSE MKT: GPL) (“Great Panther”) and Cangold Limited (CLD.V) (“Cangold”) are pleased to announce that further to the binding letter agreement announced on February 26, 2015, they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Great Panther will, subject to the terms and conditions of the Arrangement Agreement, acquire all of

Alamos Gold and AuRico Gold to Combine

[PR Newswire] – TORONTO, April 13, 2015 /PRNewswire/ – Alamos Gold Inc. (“Alamos”) (TSX/NYSE:AGI) and AuRico Gold Inc. (“AuRico”) (TSX/NYSE: AUQ) are pleased to announce that they have entered into a definitive agreement to combine their respective companies (the “Merger”) by way of a plan of arrangement, creating a new, leading intermediate gold producer (“MergeCo”). Upon completion of the Merger, former Alamos and AuRico shareholders will each own approximately 50%