Investor fears about mining stocks are misplaced, says the hedge fund manager with New York-based Firebird Management, especially if those companies are mining in Mongolia, one of the fastest growing economies with some of the most extensive, untapped resources.
After recent falls, most current oil price outlooks range from a fairly conservative average of $104 a barrel, as forecast by the US Energy Information Association (EIA), to a turmoil-driven possibility of $200 a barrel. Either represents a substantial profit opportunity for energy bulls.
The world’s stock markets are increasingly interrelated. The psychology of traders, which drives most short-term price action, is continuously shaped by the nonstop torrents of global news flow. So even Americans can no longer afford to ignore what is going on in overseas markets.
Final IPO pricing is expected to be announced around May 19 with conditional dealings in the shares on the London Stock Exchange starting the same day, the company said. Unconditional share dealings are expected about May 24.