The Oreninc Index declined for the week ending November 27, 2014. Total dollars fell to $101.4m, a three-week low. One brokered deal was announced for $2m, a three-week low; and no bought deals were announced for the second time in four weeks.
The US Thanksgiving did not close Canadian markets, but it did seem to impact dealflow as no major deals were announced. Oil had a truly horrific week, falling to $70 a barrel on news that OPEC does not intend to alter crude production. Iron ore also had another miserable week, falling below $70 a ton for the first time since 2009. In better news, gold seems to have leveled off and, at least momentarily, stymied the fall that it has experienced since summer. As we head into the holiday season, it will be interesting to see if companies take advantage of raising last minute flow-through, as has happened in previous years, or if they close the doors and bunker down for a very cold winter.
Major Financing Openings:
Major Financing Closings:
Oreninc also publishes the Oreninc Deal Log, a daily list of all financing activity in the TSX, TSX-V and CSE resource sectors. Visit http://oreninc.com to see which companies and sectors to watch. Oreninc also writes custom reports for companies on effective capital raising strategies to help companies maintain long-term shareholder value.
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