In an exclusive interview that aired Saturday on CNN's "Smerconish," former GM manager Bill McAleer told host Michael Smerconish that employees who work at GM were "faced with a culture where you get fired if you do talk about quality and safety issues, and you get fired if you don't talk about them."
GM (GM) is dealing with a backlash for delaying the recall of 2.6 million vehicles for an ignition switch defect that's been tied to at least 13 deaths. Some GM employees knew the part was causing trouble more than a decade before the recall was issued in February.
Top Electric Utility Stocks To Own For 2015: Baytex Energy Corp (BTE)
Baytex Energy Corp. (Baytex), incorporated on October 22, 2010, through its subsidiaries, are engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (in the provinces of British Columbia, Alberta and Saskatchewan) and in the United States (in the states of North Dakota and Wyoming). The Company acts as the financing vehicle for its subsidiaries by providing access to debt and equity capital markets. As of December 31, 2011, its primary assets are Baytex Energy Ltd. (Baytex Energy), which it owns. On February 3, 2011, the Company acquired heavy oil assets located in the Reno area of northern Alberta and the Lloydminster area of western Saskatchewan. On August 9, 2011, the Company acquired natural gas assets located in the Brewster area of west central Alberta. During the year ended December 31, 2011, it completed two dispositions of undeveloped lands; in the Kaybob South area of west central Alberta, it sold six sections of leasehold, including five sections with Duvernay rights, and in the Dodsland area in southwest Saskatchewan, it sold 32,600 net acres of leasehold in the halo of the field.
During 2011, the Company�� production averaged 50,132 barrel of oil equivalent per day, from its properties in Canada. During 2011, production averaged 50,132 barrel of oil equivalent per day. During 2011, light oil and natural gas liquid (NGL) production was 6,769 barrels per day. During 2011, heavy oil production was 35,252 barrels per day. During 2011, natural gas production was 48.7 million cubic feet per day. Its crude oil and natural gas operations are organized into three business units: Alberta/B.C., Saskatchewan and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. These plays include the Bakken/Three Forks in the Williston Basin of North Dakota and southeast Saskatchewan and the Viking in southwestern Saskatche! wan and eastern Alberta.
Saskatchewan Business Unit
As of December 31, 2011, the Saskatchewan Business Unit accounted for more than 38% of production. The Saskatchewan Business Unit's heavy oil operations include cold primary and thermal (steam-assisted gravity drainage) production. Production is generated from vertical, slant and horizontal wells using progressive cavity pumps capable of handling heavy oil combined with gas, water and sand. Once produced, the oil is delivered to markets in both Canada and the United States on pipelines, tanker trucks or railways. Heavy crude is blended with light-hydrocarbon diluents (such as condensate) prior to being introduced into a sales pipeline. The blended crude oil is then sold by Baytex. During 2011, production in the Saskatchewan Business Unit averaged approximately 20,958 barrels of oil equivalent per day, which was comprised of 19,828 barrels per day of heavy oil, 154 barrels per day of light oil and 5,860 thousand cubic feet per day of natural gas. During 2011, Baytex drilled 93 (87.9 net) wells in the Saskatchewan Business Unit resulting in 84 (78.9 net) oil wells, four stratigraphic test wells, four service wells, and one dry and abandoned well.
The Company�� Ardmore, Alberta is developed in the Sparky, McLaren and Colony formations. During 2011, average production was approximately 652 barrels per day of heavy oil and 158 thousand cubic feet per day of natural gas. During 2011, one well was drilled. As of December 31, 2011, Baytex had 34,000 net undeveloped acres in this area. Its Carruthers property consists of separate North and South oil pools in the Cummings formation. During 2011, 13 wells were drilled. During 2011, average production was approximately 2,444 barrels per day of heavy oil and 489 thousand cubic feet per day of natural gas. As of December 31, 2011, Baytex had 10,600 net undeveloped acres in this area. During 2011, the Company�� Celtic, Saskatchewan producing property produced averaged 3,013 ! barrels p! er day of heavy oil and 538 thousand cubic feet per day of natural gas. During 2011, Baytex drilled seven oil wells in the area. The Company�� Cold Lake, Alberta is a heavy oil property. Production is from the Colony, Upper McLaren, Rex and Sparky formations. During 2011, average oil production was approximately 270 barrels per day. During 2011, Baytex had 11,300 net undeveloped acres in this area.
During 2011, in Kerrobert SAGD project, the Company placed two new well pairs on production. During 2011, average production from the Kerrobert area was approximately 3,350 barrels per day of heavy oil, 154 barrels per day of light oil, and 1,999 thousand cubic feet per day of natural gas. During 2011, Baytex drilled five oil wells and eight service wells in this area. As of December 31, 2011, Baytex had 38,600 net undeveloped acres in this area. Lindbergh is a non-operated heavy oil property. Baytex has a 21.25% working interest in this property. During 2011, average production in this area was approximately 673 barrels per day of heavy oil and 71 thousand cubic feet per day of natural gas. During 2011, four wells were drilled in this area. As of December 31, 2011, Baytex had 800 net undeveloped acres in this area. During 2011, its Marsden/Epping/Macklin/Silverdale, Saskatchewan produced approximately 2,102 barrels per day of oil and 290 thousand cubic feet per day of natural gas. During 2011, nine oil wells were drilled in this area. Its Tangleflags is characterized by multiple-zone reservoirs with production from the Colony, McLaren, Waseca, Sparky, General Petroleum and Lloydminster formations. During 2011, Baytex drilled 11 horizontal oil wells in the Lloydminster formation. During 2011, average production was approximately 1,763 barrels per day of heavy oil and 543 thousand cubic feet per day of natural gas.
Alberta/B.C. Business Unit
The Alberta/B.C. Business Unit possesses a range of light oil, heavy oil and natural gas properties. During 2011, the Alberta/B.C.! Business! Unit produced light and heavy gravity crude oil, natural gas, and natural gas liquids from fields in Alberta and British Columbia and accounted for approximately 58% of production. During 2011, production from this business unit averaged 27,833 barrel of oil equivalent per day, which was comprised of 15,425 barrels per day of heavy oil, 5,282 barrels per day of light oil and NGL and 42.8 million cubic feet per day of natural gas. During 2011, the Alberta/B.C. Business Unit participated in the drilling of 71 wells resulting in 61 oil wells, one natural gas well, seven stratigraphic test wells, one service well and one dry and abandoned well. As of December 31, 2011, its net undeveloped lands in this business unit totaled approximately 474,000 acres. During 2011, production from Bon Accord area was averaged approximately 905 barrels per day of light oil and 1,742 million cubic feet per day of natural gas. Natural gas is processed at two Baytex-operated plants and oil is treated at three Baytex-operated batteries. During 2011, in this area, Baytex drilled 11 horizontal Viking oil wells. As of December 31, 2011, Baytex had 18,300 net undeveloped acres in this area.
The Company�� Darwin/Nina/Goodfish/Lafond, Alberta produces natural gas from the Bluesky formation. During 2011, production averaged approximately 3,746 million cubic feet per day of natural gas. As of December 31, 2011, Baytex had 27,300 net undeveloped acres in this area. During 2011, the Company�� Leahurst, Alberta produced averaged approximately 2,633 million cubic feet per day of natural gas and 13 barrels per day of NGL from this multi-zone, year-round access area. Natural gas production from the Edmonton, Belly River, Viking and Mannville formations is processed. Baytex holds a total of 263 net sections of oil sands leases in the Peace River oil sands area, which includes the legacy Seal area and the Reno area. During 2011, production from the Peace River area was 15,425 barrels per day, which was comprised of 13,746 barr! els per d! ay from Seal and 1,679 barrels per day from Reno. During 2011, Baytex drilled 25 cold horizontal production wells and seven stratigraphic test wells at Seal and two cold horizontal production wells at Reno. The Peace River area includes 152,500 net undeveloped acres, including 57,000 net undeveloped acres at Seal and 95,500 net undeveloped acres at Reno.
During 2011, the Company�� Pembina production averaged 2,633 barrels per day of light oil and NGL and 22,428 million cubic feet per day of natural gas. During 2011, Baytex participated in drilling 19 wells in this area, resulting in 17 oil wells, one natural gas well, and one dry and abandoned well. During 2011, Pembina area drilling included five operated and 12 non-operated Cardium horizontal wells and completed with multi-stage fracture stimulations. During 2011, the Company�� production from Red Earth area averaged approximately 42 million cubic feet per day of natural gas and 522 barrels per day of light oil and NGL. During 2011, the Company�� Richdale/Sedalia property�� production averaged approximately 3,845 million cubic feet per day of natural gas and eight barrels per day of NGL. During 2011, the Company�� production from Stoddart area averaged approximately 4,498 million cubic feet per day of natural gas and 713 barrels per day of oil and NGL. During 2011, production from Turin was averaged approximately 345 barrels per day of oil and NGL and 856 million cubic feet per day of natural gas. Production is from the Second White Specks, Milk River, Bow Island, Mannville, Sawtooth and Livingstone formations.
United States Business Unit
During 2011, the Company focused its activities on the light oil resource play located in the Divide and Williams Counties of North Dakota. Production is from horizontal wells using multi-stage hydraulic fracturing in the Bakken and Three Forks formations. As of December 31, 2011, Baytex owned approximately 61,000 (24,800 net) developed acres. During 2011, Baytex parti! cipated i! n the drilling of 34 Bakken/Three Forks oil wells. During 2011, net production from the United States properties averaged 1,341 barrels of oil equivalent per day.
Advisors' Opinion:- [By Stephan Dube]
Peace River's most notable producers:
PennWest Exploration (PWE), see article here.Royal Dutch Shell (RDS.A), see article here.Baytex (BTE), see article here.Strata Oil and Gas (SOIGF.PK), see article here.Petrobank Energy & Resources (PBEGF.PK), see article here.Cold Lake's most notable producers:
- [By Rich Duprey]
Canadian oil and gas producer�Baytex Energy (NYSE: BTE ) announced yesterday its monthly dividend payment for June of $0.22 Canadian per share, the same monthly rate it's paid since 2011.�The U.S. dollar equivalent is approximately $0.2162 per share, assuming a foreign exchange rate of $0.9826 USD-CAD.
Hot Quality Companies To Watch For 2014: Lincoln Educational Services Corporation(LINC)
Lincoln Educational Services Corporation provides post-secondary education services in the United States. The company offers degree and diploma programs for recent high school graduates and working adults in the areas of studies, such as health science, automotive technology, skilled trades, business and information technology, and hospitality services. As of December 31, 2011, it had 19,204 enrolled students. The company operates 46 schools in 17 states under Lincoln Technical Institute, Lincoln College of Technology, Lincoln College of New England, Nashville Auto-Diesel College, and Euphoria Institute of Beauty Arts and Sciences brand names, as well as offers online programs. Lincoln Educational Services Corporation was founded in 1946 and is headquartered in West Orange, New Jersey.
Advisors' Opinion:- [By Jon C. Ogg]
Teradyne will replace Scholastic Corp. (NASDAQ: SCHL) in the S&P MidCap 400, and Scholastic will replace Lincoln Education Services Corp. (NASDAQ: LINC) in the S&P SmallCap 600. Lincoln Education Services currently ranks 600th in the S&P SmallCap 600 and is no longer representative of the small cap market space.
Hot Quality Companies To Watch For 2014: Applied Materials Inc.(AMAT)
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company?s Silicon Systems Group segment offers a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. This segment provides systems that perform primary processes used in chip fabrication, including atomic layer deposition, chemical vapor deposition, physical vapor deposition, electrochemical deposition, rapid thermal processing, chemical mechanical planarization, wet cleaning, and wafer metrology and inspection, as well as systems that etch or inspect circuit patterns on masks used in the photolithography process. Its Applied Global Services segment offers products and services designed to enhance the performance and productivity, and reduce the environmental impact of the fab operations of semiconductor, liquid crystal displays (LCDs), and solar P V manufacturers. The company?s Display segment provides products for manufacturing thin film transistor LCDs for televisions, personal computers (PCs), tablet PCs, smartphones, and other consumer-oriented electronic applications. Its Energy and Environmental Solutions segment offers manufacturing systems for the generation and conservation of energy, as well as manufacturing solutions for wafer-based crystalline silicon applications. This segment also provides roll-to-roll vacuum Web coating systems for deposition of a range of films on flexible substrates for functional, aesthetic, or optical properties; and roll-to-roll machine for depositing ultra-thin aluminum films for flexible packaging applications. The company serves manufacturers of semiconductor wafers and chips, flat panel LCDs, solar PV cells and modules, and other electronic devices. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.
Advisors' Opinion:- [By Steven Russolillo]
Applied Materials(AMAT) reported it swung to a second-quarter profit of $262 million, or 21 cents a share, from a loss of $129 million, or 11 cents a share, a year ago. On an adjusted basis, AMAT earned 28 cents a share. AMAT shares gained 3.3% in extended trading.
- [By Nathalie Tadena]
Applied Materials Inc.(AMAT) swung to fiscal fourth-quarter profit on double-digit revenue growth and stronger margins. The company, which supplies costly machines that help turn silicon wafers into computer chips, also gave a mostly cautious outlook for the current quarter.
- [By Sue Chang and Saumya Vaishampayan]
��e recommend exposure to semiconductor capital equipment stocks as we believe the semiconductor manufacturing industry is transitioning through significant inflection points in technology over the next two to three years,��said Harlan Sur at J.P. Morgan said in a report. However, Sur initiated Applied Materials Inc. (AMAT) �at neutral, noting that its valuation suggests limited upside potential. Lam gained 0.9% and Applied Materials rose 0.6%.
- [By Stephen Simpson, CFA]
Ultratech isn't the only game in town, though, and there are multiple technologies and process steps that are going to play significant roles in the production of FinFETs and 3D circuits. With that, I would take a look at Mattson Technologies (MTSN), as this company has already accomplished the not-so-easy task of gaining meaningful share in the dry strip, rapid thermal processing (RTP), and etch markets despite competing with giants like Lam Research (LRCX), Applied Materials (AMAT), and Tokyo Electron (TOELY.PK).
Hot Quality Companies To Watch For 2014: iShares MSCI Japan ETF (EWJ)
iShares MSCI Japan Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Japanese market, as measured by the MSCI Japan Index (the Index). The Index seeks to measure the performance of the Japanese equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.
The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. iShares MSCI Japan Index Fund's investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By Mark Hulbert]
The ETFs linked to these respective regions that Mr. Nadig�� firm favors are the iShares MSCI Japan fund (EWJ) �, with a 0.53% expense ratio; the iShares MSCI EMU Index fund (EZJ) �, also with a 0.53% expense ratio; and the iShares Core MSCI Emerging Markets fund (IEMG) �, with a 0.18% expense ratio.
- [By Charles Sizemore]
After closing at a recent high of 16,291 on Dec. 30, the Nikkei was down by about 14% through yesterday�� close. The iShares MSCI Japan ETF (EWJ), the most popular Japan ETF, is down a more modest 9%, due in part to currency effects (the yen tends to rally during ��isk off��market conditions).
- [By Richard Shaw]
Securities Mentioned: S&P 500 (SPY), Europe (VGK), Japan (EWJ), China (GXC).
Disclosure: QVM has positions in SPY and VGK as of the creation date of this article (July 11, 2013). We certify that except as cited herein, this is our work product. We received no compensation or other inducement from any party to produce this article, and are not compensated by Seeking Alpha in any way relating to this article.
- [By Philip Springer, President, Retirement Wealth Management, Inc.]
The first of two ETF alternatives here is iShares MSCI Japan (EWJ). It provides broad exposure, with 300 stocks and a tilt toward large export-oriented and financial companies.
Hot Quality Companies To Watch For 2014: Decision Diagnostics Corp (DECN)
Decision Diagnostics Corp., formerly instaCare Corp., incorporated on March 2, 2001, is a prescription and non-prescription diagnostics and home testing products distributor. The Company distributes brand name prescription and non-prescription diagnostics products, as well as several lines of ostomy, wound cares and post-surgery medical products. The Company through its subsidiaries, PDA Services, Inc. and Decision IT Corp. offers information technology solutions in several medical cares market channels by providing physicians with information at the point of care. The Company's retail prescription business maintains three operating units, which include Licensed wholesale prescription drug distribution business; Licensed distribution of diabetes diagnostics and supplies; and Internet pharmacy/prescription fulfillment.
The Company's software is designed to integrate point of service applications. The Company is also a developer of products that offer solutions in medical care and management by providing physicians with essential information instantaneously as they meet with their patients. In addition, the Company markets its MD@Hand and MD @Work software application, which also leverages the connectivity of smart cell phones devices through the Internet. The Company's applications run on smart phones manufactured by Apple, Palm, Motorola and Samsung.
Advisors' Opinion:- [By Bryan Murphy]
Over the past few weeks, Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) and Decision Diagnostics Corp. (OTCBB:DECN) have dominated the diabetes diagnostics and diabetes treatment landscape. Shares of LXRX jumped 20% on Tuesday following news that one of the key drugs in its pipeline showed more than enough efficacy in its clinical trials. DECN shares are up more than 250% on the heels of an almost-assured victory in its patent lawsuit against industry giant Johnson & Johnson (NYSE:JNJ). Anyone looking for a new trade in the diabetes diagnostics space, however, may want to look past overbought Lexicon Pharmaceuticals and Decision Diagnostics at this point, and instead turn their attention to newly-budding Neurometrix Inc. (NASDAQ:NURO).
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