Cost competitiveness key for a thriving energy sector | Galvanized Round/Square Mild Steel Pipe

Some industries will never again be done in the West we cannot compete with the labour costs. In the UK we cannot get anyone to pick fruit and vegetable harvests and have to import labour to do it the world has changed we need to create new industries, probably service type ones,to compete ie raise the skill level of the population or more accurately move on from the industrial revolution to a newer one.

Shares of Ternium SA (NYSE:TX) have earned an average rating of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $38.00.

6 – The driver of the tractor-trailer that collided with the Humboldt Broncos team bus in April was arrested at his home in Calgary. The RCMP said Jaskirat Singh Sidhu, 29, was facing 16 counts of dangerous operation of a motor vehicle causing death and 13 counts of dangerous operation of motor vehicle causing bodily injury.

9 – Blaine Higgs was sworn-in as the 34th premier of New Brunswick, just a week after the Liberal government of Brian Gallant was defeated on a confidence vote. At the age of 64, Higgs was the oldest person to assume the job of premier in a province with a history of choosing young leaders.

22 – The union representing 50,000 Canada Post employees began rotating strikes after failing to reach a new contract agreement with the Crown Corporation. Small businesses called for a speedy end to the walkouts – saying a prolonged job action could chew into their profits ahead of the busy holiday shopping season.

Pacific Pipe Public Company Limited, together with its subsidiaries, makes, distributes, and exports steel pipes for construction works primarily in Thailand. The company has market cap of $2.27 billion. The firm offers round black, round galvanized, square, and rectangular pipes; lip channel steel; and steel tubes for general structural and ordinary uses. It has a 13.08 P/E ratio. It also provides shipping agency and transportation services.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, October 30th. The basic materials company reported $2.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.89. Ternium had a return on equity of 21.81% and a net margin of 11.58%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the company earned $0.99 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, analysts predict that Ternium will post 6.89 earnings per share for the current year.

Jaycee, you are right.  globalization and free trade is the ideal, but the ideal is enemy to the good, and in the real world, the good is the best we can attain.  And as long as countries can manipulate their own currency or apply subsidies to their own goods, then neither globalization nor free trade will actually do what they are supposed to do, which is to generate competition.  Instead, they will be used to generate monopolies.  And when they do, every lose loses.    

16 – Academy Award winning screenwriter and author William Goldman died in Manhattan at age 87. Goldman won Oscars for “Butch Cassidy and the Sundance Kid” and “All the President’s Men.” He also wrote numerous novels, including “The Princess Bride” and “Marathon Man” which were also adapted into screenplays.

The pre-market session on the SEHK opens at 9:00 a.m. and concludes at 9:30 a.m. Then, the regular morning session opens at 9:30 a.m. and concludes at 12:00 n.n. The regular afternoon session on the SEHK opens at 1:00 p.m. and concludes at 4:00 p.m.

Petitioner: Berg Steel Pipe Corp.; Berg Spiral Pipe Corp.; Dura-Bond Industries; Stupp Corporation; American Cast Iron Pipe Company; Skyline Steel.

24 – The Lubicon Lake Band reached a long-standing land claims settlement with the Alberta and federal governments for $113 million. The Cree band, which was left out of Treaty 8 when it was negotiated by the British in 1899, was also to receive 246 square kilometres of land in the area of Little Buffalo, northeast of Peace River.