Topic: How To Invest

Hi Pat, What do you think about Sherritt International? Thanks

Article Excerpt

Sherritt International, $2.03, symbol S on Toronto (Shares outstanding: 293.1 million; Market cap: $595 million), is a diversified natural-resource company that produces nickel, cobalt, thermal coal (which is burned for electricity generation), potash, oil and gas. Sherritt also manages 376 megawatts of electricity-generation capacity in Cuba. The company also licenses its proprietary mining technologies to other metals companies. With nine open-pit mines, Sherritt is Canada’s largest thermal coal producer. It is also developing Canada’s first coal gasification project. (Coal gasification is a process for converting coal partially or totally into gases. Like coal, the gases can then be burned to create heat, but they burn much cleaner and generate fewer harmful emissions.) Sherritt also produces about 31,189 barrels of oil equivalent per day from properties in Cuba, Spain and Pakistan. Coal accounts for 53% of Sherritt’s revenues, metals (nickel and cobalt) account for about 25%, oil and gas, 12%, power generation, 8% and other, 2%. Toronto-based Sherritt is a major nickel…