Daily Stock Opinions and Ratings

Opinions

Michael Sprung Nova Chemicals Corp. NCX-T HOLD Aug 31, 2007

You have to think about the feed stock prices on this. Has some good cost advantages based on their location in Alberta. Earned $2.05 in 06 and is estimated to earn $2.10-$2.15 over the next couple of years.

Michael Sprung

Unlock Rating

$38.490

Stock price when the opinion was issued

chemicals

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

BUY

(Market Call Minute.) Likes the story very much.

BUY

Compared to their competition they have some sweetheart deals in Alberta for their raw material, mostly natural gas. Looks like it has bottomed for now and the yield is OK.

DON'T BUY

200 day moving average is currently falling. Broke below it in October of 2007. Not yet ready.

COMMENT

Chemical stocks have suffered dramatically along with all things related to commodities. Selling pressure in this one may be over. From a risk/reward perspective you have to pay a lot of attention. When chemical prices turn, they turn with a vengeance.

WAIT

This is dependant on the commodity cycle. It has more to go on the downside.

COMMENT

Gets tarred with an industrial chemical company. When investors are looking for liquidity they sell anything. Should respond on the upside as the market gets going. Costs are coming down because of lower oil prices.

DON'T BUY

A frustrating name. Essentially 2 businesses with polyethylene being good but styrenics has never really paid off. We prefer others.

HOLD

Market is very fearful right now that the company is going to go bankrupt. As a big debt load and chemical prices, specifically ethylene, have collapsed. There are strong rumours that the Alberta government might step in. Wouldn't panic and Sell. The prudent thing to do would be to take half off the table.

COMMENT

One of the giants of ethylene production. Very cyclical. Big debt and low pricing problems. Thinks it should be looked at as it may be a fabulous buy for the next cycle.

SELL

Represented unbelievable value but had near-term risk of default. If you own, you have a risk that the buyer walks. He would take the money is there are a lot of other opportunities.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Michael Sprung Nova Chemicals Corp. NCX-T HOLD Aug 31, 2007

You might be interested:

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Bruce Murray

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Chris Blumas

Stockchase Insights