The company will benefit as natural gas production grows in the Rocky Mountains and the Barnett Shale in Texas, and as Canadian oil-sands miners demand connections for sending their gas to the U.S. The stock is a fairly expensive 19 times trailing earnings but only 12 times my expectation of $2.15 for the next 12 months.
Expectations of weak global growth and ever-enduring easy monetary policy, likely to be reinforced at central bank meeting this week, is seeing a mass exit from equities and feeding demand for bonds, sending yields to record lows".
The slowing U.S. economy has weakened demand for aluminum, sending producers' shares tumbling.
The slowing economy has weakened demand for aluminum, sending producers' shares tumbling.
During the Great Depression of the 1930s, massive oil discoveries in Texas, alongside falling global demand for energy, sent oil prices tumbling downwards.
In commodity markets, the weaker dollar drove copper and oil prices higher while strong export demand for wheat sent the grain to nearly six-month highs.
Housebuilder Redrow increased its workforce by more than a fifth in a year when surging demand for housing sent profits soaring.
China's soaring demand for steel sent prices spiralling upwards until recently: benchmark hot-rolled coil, which sold for as little as $200 a tonne in 2001, broke the $600 barrier in 2004, though prices have since fallen back (see chart).
There are various reasons for this– a receptive regulatory environment, the dominant position of Safaricom, Kenya's biggest mobile operator and the owner of M-Pesa, as well as a clear demand for its "send money" function, due to high numbers of domestic migrants transferring funds back home.
The Democratic Party hierarchy demanded on Saturday that Weiner resign for sending online material ranging from sexually suggestive to explicit to several women.
