Archive for January 5th, 2010

Dubai’s Burj Khalifa: Built out of opulence; named for its saviour

S oaring 200 storeys and 828 metres into the sky, the world’s tallest structure has opened in Dubai, a monument to the excesses of the emirate’s bygone boom. But while the $1.5-billion (U.S.) tower’s striking opulence recalls the unrestrained era of a massive property bubble, its surprise name is very much grounded in Dubai’s new reality. Originally called Burj Dubai, it was renamed Burj Khalifa Monday in a tribute to Sheik Khalifa bin Zayed al-Nahayan, head of the United Arab Emirates and ruler of Abu Dhabi, which came to debt-laden Dubai’s financial rescue last month.

Petrobakken acquires Berens for light oil assets

W ith natural gas prices still hurting and the oil sands too expensive for most, Canada’s smaller energy players are scrambling to snap up light oil properties, creating bidding wars and new worries about overheated prices. The value of oil assets in Alberta’s Cardium play has vaulted more than four-fold in the past five years as technological advances push the oil patch to pay top dollar for land previously considered barren. The promise of new plays outside the oil sands has led companies to pay values for relatively unproven lands that have some investors warning of overheating prices.

U.S. factory data slated to climb

T he factory orders data scheduled for release today are expected to remain strong as the U.S. manufacturing sector stages a robust recovery, but Canadians could see any potential stock-market gains eroded by depreciation of the greenback, cautions one strategist. What are the expectations

What last year’s tax changes will mean to you in 2010

T his is the time of year for reminiscing. As I look back, I recall the year my roommate Cary and I set a new (unofficial) world record for keeping our Christmas tree intact after the holiday – until July 5th. Just to clarify, we did remove the decorations and moved the tree to the garage shortly after Christmas, but missed the day the city was coming around to collect them

Too bad the money in this portfolio isn’t real

W HAT ARE WE LOOKING FOR? When the financial world was imploding in November, 2008, we created a portfolio of stocks using the “magic formula.” We’ve been checking in with our stocks every three months or so, and today we’ll take a final look before we create a new portfolio.

Futures Trading Can Make You Rich!

Suppose, the prices of crude oil is expected to rise and you want to profit from this. So you go long or buy crude oil futures contract. You don’t won’t to take physical possession of 1000 barrels of crude oil, do you

An Investment That Could Rocket Faster Than Gold In 2010!

If soaring gold prices makes you feel good and you are thinking of cashing in on this trend in 2010, then read this article to know about another investment that can rocket faster than gold in 2010 and give you 3 times more ROI as compared to gold. Investing in gold right now can be a good decision but this other investment that also luckily happens to be a metal can be three times more profitable.

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