Premium Membership
2010
29th
July 6:54am

NYSE high volume basic material sector stocks: (SD, HL, ICO, BPZ, USU)


Dear PSL members,

NYSE high volume basic material sector stocks: (SD, HL, ICO, BPZ, USU)


SandRidge Energy Inc. (NYSE: SD) reported the gain of 0.84 to close at $5.92 whereas overall traded volume stood at 8.38 million shares. Its total market capitalization arrived at $1.25 billion. SandRidge Energy, Inc (SandRidge) is a natural gas and oil company. The Company is engaged in the exploration, development and production activities related to the exploitation of its holdings in West Texas. Its areas of focus are the West Texas Overthrust (the WTO) and the Permian Basin. The WTO is a natural gas-prone geological region in Pecos County and Terrell County, Texas and has 562,626 net acres under lease. The WTO includes the Pinon gas field. In the Permian Basin, SandRidge controls approximately 138,691 net acres in West Texas and New Mexico, including approximately 90,000 net acres acquired in December 2009. In December 2009, the Company purchased natural gas and oil properties located in the Permian Basin from Forest Oil Corporation (Forest) and one of its subsidiaries. The Company operates in three segments:  exploration and production, drilling and oil field services, and midstream gas services.

Hecla Mining Company (NYSE: HL) closed at $4.85 after moving up by 2.75% with total traded volume of 7.92 million shares. Its price to earnings ratio stood at 17.96. Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. The Company produces lead, zinc and bulk concentrates, which it sells to custom smelters, and unrefined gold bullion bars (dore), which may be sold as dore or further refined before sale to precious metals traders. The Company is organized into two segments:  the Greens Creek and Lucky Friday units. Its wholly-owned subsidiary is Hecla Alaska LLC.

International Coal Group, Inc. (NYSE: ICO) closed at $4.49 after plunging by 0.88% whereas traded volume stood at 3.45 million shares. ICO’s total marketing capitalization arrived at $914.84 million for the day. International Coal Group, Inc. (ICG) is a producer of coal in Northern and Central Appalachia with a range of mid to high British thermal unit (Btu), low to medium sulfur steam and metallurgical coal. The Company’s Appalachian mining complexes are located in West Virginia, Kentucky, Virginia and Maryland. It also has a complementary mining complex of mid to high sulfur steam coal located in the Illinois Basin. ICG markets its coal to a customer base of largely investment grade electric utilities, as well as domestic and international industrial customers. The Company has three business segments, which are based on the coal regions in which it operates:  Central Appalachian, comprised of both surface and underground mines; Northern Appalachian, comprised of both surface and underground mines, and Illinois Basin, representing one underground mine.

BPZ Resources, Inc. (NYSE: BPZ) jumped up by 1.17% and closed at $4.32 with overall traded volume of 1.15 million shares. Its total market capitalization ended at $497.75 million in the last trading session. BPZ Resources, Inc. (BPZ) is an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. The Company has the exclusive rights and license agreements for oil and gas exploration and production covering approximately 2.2 million acres in four blocks in northwest Peru and off the northwest coast of Peru in the Gulf of Guayaquil. BPZ also owns a 10% non-operated working interest in an oil and gas producing property, Block 2, located in the southwest region of Ecuador (the Santa Elena Property). BPZ maintains a subsidiary, BPZ Exploracion & Produccion S.R.L. (BPZ E&P) through its wholly owned subsidiary BPZ Energy International Holdings, L.P., and its subsidiary BPZ Energy, LLC. The Company through BPZ E&P has exclusive rights and license contracts for oil and gas exploration and production covering a total of approximately 2.2 million acres, in four blocks, in northwest Peru.

USEC Inc. (NYSE: USU) witnessed the correction of 0.57% and closed at $5.24 whereas total traded volume stood at 1.05 million shares. Its total market capitalization ended at $597.57 million shares and its PE ratio arrived at 19.41. USEC Inc. (USEC), a global energy company is a supplier of low enriched uranium (LEU) for commercial nuclear power plants. USEC supplies LEU to both domestic and international utilities for use in about 150 nuclear reactors globally. It provides transportation and storage systems for spent nuclear fuel and provide nuclear and energy consulting services. The Company produces or acquires LEU from two principal sources. It produces LEU at the Paducah gaseous diffusion plant (GDP) in Paducah, Kentucky. It acquires LEU by purchasing the SWU component of LEU from Russia under the Megatons to Megawatts program.

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