PDP Float Is Small And The Run Up Will Be Large - add new,average down,its ready to fly!

The #1 Rule Of Buying And Selling

Accumulate when Anonymous Is Buying And Retail Is Exiting The Stock

Sheeple get Sheared and Fleeced

And Brokers Get Rich

Petrolifera to begin La Pinta testing on June 6

2009-06-05 09:12 ET - News Release

Mr. R. A. Gusella reports

TESTING OF PETROLIFERA'S LA PINTA WELL IN COLOMBIA TO COMMENCE JUNE 6, 2009; DEADLINE FOR ARGENTINA BIDS EXTENDED TO JULY 10, 2009 AT REQUEST OF PROSPECTIVE PURCHASERS

Petrolifera Petroleum Ltd.'s testing of its La Pinta No. 1 well on the Sierra Nevada licence in

Colombia is anticipated to commence on June 6, 2009.

It is expected that the complete testing program will require between seven and 10 days, after which the rig will be released from the La Pinta No. 1 location. Results will be communicated by way of press release when they are conclusive and testing is completed.

The company also announced that at the request of a number of interested parties, the deadline for submission of bids related to the potential purchase of Petrolifera's Argentinian operations has been extended until July 10, 2009.

We seek Safe Harbor.

Public Float definition

The last price at which a stock was sold multiplied by the number of outstanding shares of voting and non-voting stocks that are held by public investors, not company directors or executives.

Depending upon whether the float is in conjunction with a stock offering, regulators may specify a certain time frame within which the calculation must be made, such as 60 days within the date a registration statement is filed.

Stock exchanges typically use public float figures to determine whether companies meet minimum listing standards, rather than looking at market capitalization, which includes the figures from both public shareholder and company directors and executives.

The smaller the float the faster the rise in the stock up/down when it is moving.

I expect this to gap up very fast- Buy New, Or Average Down This is going to fly Soon:

As much as it has climbed in the last 2 months, there are 2 major catalysts that can double this stock in the next 2 mths.

#1 Testing Of Petrolifera's La Pinta Well In Colombia To Commence June 6, 2009;
#2 And the Buy Out Of Argentina's Assets : ProspectivePurchasersArgentina Bids Extended To July 10, 2009

Petrolifera (C$3.00, C$0.20, 7.1%) has extended the deadline for submissionsof bids related to the potential purchase of its Argentinean operations to July10 at the request of a number of interested parties. It also said testing of itsLa Pinta No. 1 well on the Sierra Nevada License in Colombia is expected tostart Saturday.

Solid cash flow, profitability and favorable commodity pricing realized in Argentina during Q1
2009

• Plan of Arrangement for asset backed commercial paper restructuring completed; related line of
credit expanded to $28.2 million and borrowings reclassified as long term, which improved
working capital and enhanced liquidity

Daily sales volumes
Crude oil and natural gas liquids - bbl/d 5,245 6,726 (22)
Natural gas - mcf/d 6,500 7,044 (8)

Barrels of oil equivalent - boe/d (2) 6,328 7,900 (20)
Average selling prices
Crude oil and natural gas liquids - $/bbl $ 52.17 $ 41.99 24
Natural gas - $/mcf $ 2.98 $ 2.20 35
Barrels of oil equivalent - $/boe $ 46.30 $ 37.72 23
Common shares outstanding (000s)
Weighted average
Basic 54,948 50,212 9
Diluted 55,195 51,562 7
End of period 54,948 50,353 9

Petrolifera Petroleum Limited is a Calgary-based crudeoil and natural gas exploration, development and production companyactive in South America. Petrolifera holds interests in approximatelyeight million acres of petroleum and natural gas rights in ten onshoreconcessions or licenses in Argentina

Connacher Oil and Gas Limited of Calgary, Alberta was responsible forthe creation and financing of Petrolifera and owns 24 percent ofPetrolifera's shares. Connacher also provides some management servicesto Petrolifera.
Board of Directors

Richard A. Gusella
Executive Chairman

Gary D. Wine
President and Chief Operating Officer

much more here:

http://treasurepicks.blogspot.com/

U.S. stock index futures were up with about 40 minutes before markets open,

Immelt upbeat
David Berman
RTGAM


After back-to-back weekly losses, investors do not appear to have lost faith in the stock market rebound that began in early March. On Monday morning, most major global indexes were higher.

U.S. stock index futures were up with about 40 minutes before markets open, suggesting that stocks will rise at the start of trading. Futures for the Dow Jones industrial average were up 33 points. Futures for the broader S&P 500 were up 3 points.

In Europe, the U.K.'s FTSE 100 was up 0.9 per cent and Germany's DAX index was up 1.5 per cent in afternoon trading. In Asia, Japan's Nikkei 225 fell 1 per cent in overnight trading.

The gains come on a light news day, and the start of a shortened week in North America. On Wednesday, the Canadian market will close for Canada Day celebrations. Although the U.S. Independence Day falls on Saturday, markets will close on Friday for a long weekend holiday.

Jeffey Immelt, chief executive of General Electric, may have lost some credibility when he cut GE's dividend earlier this year after insisting it was safe -- but investors are giving his forecasting skills another chance: In a speech at the London School of Economics, Mr. Immelt said that the worst of the economic crisis has passed and he believes growth will resume in 2010.

"I would say we have almost a fully functioning capital market," he said, according to Bloomberg News.

Copyright 2001 The Globe and Mail

QEC-T: significant natural fracturing and over-pressured intervals encountered while drilling

Questerre Energy Corporation: St. Edouard#1 Tested Gas in TBR; Preparing to Test Shale Intervals

ccnm

CALGARY, ALBERTA--(Marketwire - June 25, 2009) -


NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today that testing will commence shortly on multiple shale intervals for the St. Edouard #1 well in the St. Lawrence Lowlands, Quebec. This follows a recent open-hole test of the deeper Trenton Black-River ("TBR") interval in this well.


Michael Binnion, President and Chief Executive Officer of Questerre, commented, "With the significant natural fracturing and over-pressured intervals encountered while drilling, we look forward to the stimulation and testing of the shales in St. Edouard #1. This well offsets the Leclercville #1 well that recently tested 900 mcf/d on a stabilized basis from the Utica."


Testing of multiple intervals in the upper shale sequences will begin this summer once equipment and personnel are mobilized.


The TBR carbonate interval was acid stimulated and the well flowed sweet natural gas over a three-day test period with a final rate of 2.2 mmcf/d and wellhead pressure of 2000 psi (14 Mpa) on a 7/32 inch (5.6 mm) choke. No water was produced on this test. The well is currently shut-in for buildup and further testing. Based on an initial review of the pressure data, the Company anticipates the TBR zone in this well will not support the tie-in costs to the distribution system on a stand-alone basis.


Mr. Binnion further added, "The natural fracturing contributed to strong initial flow rates from the TBR. More importantly, the cuttings indicate altered limestone that confirms the potential for the TBR exploration model. While we do not expect to tie-in this well, we believe the TBR remains a valid exploration target and plan to test additional prospects with future wells."


This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.


This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.


Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.



FOR FURTHER INFORMATION PLEASE CONTACT:

A Roller Coaster Day Ahead

Whoops, jobs slip
David Berman
RTGAM



If investors are under the impression that the U.S. economy will show steady improvement - week in, week out - they're in for a shock: On Thursday, the Labor Department reported a jump in the number of initial jobless claims, thumping global stock market indexes.

U.S. stock index futures were down with about 40 minutes before markets open, suggesting that stocks will fall at the start of trading. Futures for the Dow Jones industrial average were down 37 points. Futures for the broader S&P 500 were down 7 points.

In Europe, the U.K.'s FTSE 100 was down 1.2 per cent and Germany's DAX index was down 2.1 per cent in afternoon trading. In Asia, Japan's Nikkei 225 rose 2.2 per cent in overnight trading.

To be fair, the European indexes were down from the start of trading, but the U.S. jobless report appears to have made matters worse. Initial claims rose to 627,000 last week, up 15,000 from the previous week and well ahead of expectations for claims of 600,000.

Clearly, the number of laid off Americans seeking benefits is not shrinking at the pace economists have been expecting. Just as disappointing, the previous week's claims - which had been heralded as good news at the time - were revised upward, to 612,000 from 608,000.

"On balance, the fact that initial jobless claims continue to hover above the 600,000 mark does suggest that there is still job destruction embedded in the U.S. labor market, though there is some evidence to suggest that the level is beginning to show signs of stability," said Ian Pollick, economics strategist at TD Securities, in a note, pointing to the consistent range of claims over the past several weeks.

Copyright 2001 The Globe and Mail

PDP Ready To Fly-2 HUge News Releases Pending

Petrolifera provides update on La Pinta testing program


12:53 EDT Tuesday, June 16, 2009

CALGARY, June 16 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) announces today that to date it has been unable to test prospective zones in the La Pinta well on its Sierra Nevada License in Colombia, due to both the late arrival of certain equipment and certain mechanical failures encountered while running the test assembly. These issues have now largely been overcome and it is now anticipated testing will commence in the next several days and continue for an indeterminate period until completed. Events to date in no way reflect on the possible outcome of the testing program as prospective zones have not yet been perforated.

We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.


Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.


FORWARD LOOKING INFORMATION:


This press release contains forward-looking

Toronto stock market surged Wednesday

TORONTO - The Toronto stock market surged Wednesday following a surprise jump in U.S. durable goods orders last month while investors took in a major deal in the Canadian oilpatch.
The S&P/TSX composite index moved up 130.2 points to 10,026.9 following a 63-point advance on Tuesday.
The rise was slight compensation for a 454-point plunge on Monday, which was triggered by a World Bank report that global economic contraction this year would be worse than thought.
Addax Petroleum Corp. (TSX:AXC) said Wednesday it has reached a deal that will see it be acquired by Chinese oil and gas giant Sinopec International Petroleum Exploration and Production Corp. for $8.27 billion. The wholly-owned subsidiary of China Petrochemical Corp. will pay $52.80 per share. Its shares closed Tuesday at $45.65 and on Wednesday its shares rose $5.10 to $50.75.
Overall, the energy sector was 1.5 per cent higher even as the August crude contract in New York lost 24 cents to US$69 a barrel. Suncor Inc. (TSX:SU) gained 47 cents to $33.63.
The Canadian dollar was up 0.49 of a cent to 87.45 cents US.
The TSX Venture Exchange was 3.78 points higher to 1,077.96.
In New York, the Dow Jones industrial average advanced 52.8 points to 8,375.7 after the U.S. Commerce Department reported a 1.8 per cent rise in May orders for big-ticket items. Economists surveyed by Thomson Reuters were anticipating a decline of 0.6 per cent.
"This is an amazing feat in the face of auto plant shutdowns and a still-fragile economy," said BMO Capital Markets senior economist Sal Guatieri.
"While autos/parts slid eight per cent due to the plant shutdowns and still-weak vehicle demand, solid gains in machinery and computers/electronics more than compensated. The reopening of Chrysler's plants in late June and GM's facilities in late July could extend the recent uptrend in goods orders."
The Nasdaq composite index gained 21.61 points to 1,786.53 while the S&P 500 index rose 7.15 points to 902.25.
The strong durable goods report comes ahead of the Federal Reserve's decision on interest rates and assessment of the economy, as well as data on new home sales.
The central bank will wrap up its scheduled meeting on interest rates at mid-afternoon.
The Fed is widely expected to leave its key rate unchanged at a range of zero to 0.25 per cent. Its outlook for the economy, however, is less clear.
Many investors bought into the market rally that started in early March on hopes for a late-year economic recovery.
The durable goods report overshadowed another report from the Organization for Economic Co-operation and Development (CD) said that the deepest global recession in over 60 years is close to bottoming out. But it warned recovery will be weak unless governments take further action to remove uncertainty over banks' balance sheets.
Elsewhere on the TSX, the base metals sector was almost three per cent higher as the price of copper gained six cents to US$2.26 a pound. Teck Resources (TSX:TCK.B) gained 73 cents to $18.57.
The financial sector gained 1.22 per cent with TD Bank (TSX:TD) ahead 62 cents to $56.55.
Investment management firm AGF Management Ltd. (TSX:AGF.B) said second quarter profits were down 61 per cent from a year ago to $17.2 million. AGF said profits and revenues were dragged down by continued global market weakness. Its shares were ahead 49 cents to $11.50.
The August bullion contract on the Nymex rose $14.60 to US$938.90 an ounce and the gold sector rose one per cent.
In other corporate news, software maker Oracle Corp.'s results for its latest quarter topped Wall Street's forecast Tuesday, despite a five per cent drop in sales and a seven per cent decline in profit. The company blamed the declines on the effects of a stronger U.S. dollar - which makes deals done in other currencies translate into fewer greenbacks. Companies also have been shelling out less for new software because of the recession.
Canadian dairy company Saputo Inc. (TSX:SAP) said Tuesday it has signed a deal to buy cheesemaker F&A Dairy of California Inc. Terms of the deal were not immediately available. Saputo shares added eight cents to $23.19.
Overseas stock prices were also higher.
Japan's Nikkei stock average gained 0.4 per cent while Hong Kong's Hang Seng rose two per cent.
Britain's FTSE 100 was 0.7 per cent higher, Germany's DAX index rose 1.43 per cent, and France' s CAC-40 climbed 1.25 per cent.

PDP House Show Stupid Sellers And Anonymous Accumulation

The market makers are bringing the stock down and they are accumulating the stock,
There are 2 major news releases pending for PDP, and if you can accumulate at these levels you will be ready for the run back thru $3.00 and beyond.

Foolish retail sellers are exiting in dribble of shares before

The Oil Gusher!

Questerre Energy:significant leverage to a rising natural gas price

Globe says Questerre nicely leveraged to nat gas price

2009-06-18 07:17 ET - In the News

The Globe and Mail reports in its Thursday, June 18, edition that Marquest Asset Management manager Andrew Cook sees opportunity in Questerre Energy. Lois Lee writes in The Globe's BNN Market Call column that Questerre Energy stock slipped three cents to close Wednesday on the Toronto Stock Exchange at $1.58.

Questerre Energy has a one-year range of 78 cents to $5. Mr. Cook says: "The company's main asset is an interest in a large prospective shale gas field in the Quebec Lowlands. This provides significant leverage to a rising natural gas price."

In his general outlook Mr. Cook says: "While stocks have rallied significantly from their lows and may consolidate in the near term, we believe that the amount of monetary and fiscal stimulus, the steep yield curve, attractive valuation and cash on the sidelines ensure a continued upward trend in equity markets.

Outperformance will continue to come from emerging markets and the resource sector. From a strategic view, we have been taking profits in stocks that are overbought and redeploying the cash into stocks which demonstrate better risk/reward."

The price disconnect between oil and natural gas

Crude oil prices have risen above US$70, a new high since the cyclical low in February. Natural gas prices have failed to participate. In February, the ratio between the price of one barrel of oil and one million BTU's worth of natural gas was 8 to 1. That gap has since widened to a ratio of 18 to 1. Can the natural gas market continue to be disconnected to crude oil prices?

Most analysts of energy commodities will concede that, in the short run, fundamentals have little to do with energy price futures. It used to be that whenever there was an extreme contango occurred in crude futures (an upward sloping curve in forward contracts or when forward contracts are trading much higher than the near-month), investors were correct to identify that the upward pressure in the near-month would eventually narrow the contango spread. Now, investors in futures appear to be betting that the same will occur in natural gas futures. Maybe ... and maybe not.

The crude oil market is much different than the North American natural gas market, especially while we are at the depths of an economic recession.

The crude oil world is dominated by a small number of countries that dominate exports of crude oil (i.e. OPEC, Russia, Canada, and Mexico). An even smaller number of countries are able to achieve significant growth in exports (i.e. a handful of OPEC members, Canada, and few others). Thus, OPEC’s ability to balance the supply/demand fundamentals at any point in time can have a significant impact on average prices, despite the brief extremes we saw at the high last summer and the low this past winter.

Until about five years ago, the North American natural gas market was well connected to the crude oil price, because there was no unused capacity to increase production and the ability to grow production was quite weak. In fact, Canada’s supply growth since 1986 represented over 60% of the incremental demand in U.S. over that period of time. And in 2005, Canada’s supply growth peaked and has since been falling.

During the past five years, two new phenomena developed. Shale gas production in the Unites States, due to higher prices and new technology, caused U.S. domestic supply to grow rapidly, to all-time record levels.

At the same time, the capacity to import liquefied natural gas (LNG) into the United States was expanded to fill the expected gap from the decline in U.S. production. Now LNG has become a significant supply threat to North American producers during the summer months.

Excess supply of natural gas in the North American market is measured by the level of natural gas inventories, which are currently at record levels for this time of the year.

There are certainly positive signs that are driving the extreme contango in natural gas prices, when you look at winter contracts that are 50% higher than summer contracts. Commodity investors are looking at the collapse in U.S. rig activity which fell to 700 last week from 1600 last summer. They are betting on recovery in U.S. industrial activity. And they are looking at the disconnect between crude oil and natural gas futures.

However there are also signs that the commodity investors may be too early in their enthusiasm. Spot prices for natural gas (that’s the physical market) are well below the near-month futures prices, indicating that excess supply could continue to keep prices low for the rest of the storage injection season at the end of October. In Canada, spot prices are below C$3.00 per thousand cubic feet or US$1.00 per thousand cubic feet lower than U.S. spot prices.

Equity investors can play the natural gas price turnaround story by buying shares in gas-weighted companies with strong balance sheets. High debt levels will be a significant drag on capital investing either until higher prices generate higher cash flow, or until investor bullishness allows companies to issue new equity.

Patience will be a virtue in this natural gas cycle.

QEC Buys Some Horn River For Gas Drilling

Questerre Energy Corporation TSX: QEC OSLO STOCK EXCHANGE: QEC

Jun 10, 2009 00:28 ET

Questerre Acquires Horn River Shale Acreage

CALGARY, ALBERTA--(Marketwire - June 10, 2009) -

NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce that it has acquired exploration licenses covering over 17,900 (12,800 net) acres prospective for the Devonian Horn River shales.

Michael Binnion, President and Chief Executive Officer, commented, "We now have a great toe-hold in this highly prospective area. In addition to the primary target of Devonian shales, we believe the land also holds potential for Keg River reefs and the proven Jean Marie resource play. Subject to further technical work, we could drill our first well here in early 2010."

The acreage is on trend with recent and planned shale wells by several majors in the Horn River Basin in northeast British Columbia. It also lies adjacent to several deeper Keg River and Slave Point discoveries in the area as well as the Company's acreage in Greater Sierra region.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.

Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

For more information, please contact

Questerre Energy Corporation
Anela Dido
Investor Relations
(403) 777-1185

(403) 777-1578 (FAX)

The Horn River Shale Formation ( British Columbia, Canada Shale ) is a natural gas shale field located deep below the earths surface. Located mainly in British Columbia B.C, Canada, the Horn River Basin shale play is the largest shale gas field in Canada according to B.C. Energy Minister Richard Neufeld. In 2007, companies spent a total of 240 million in new leases for the Horn River Basin Rock Deposit Area. Another emerging shale play in British Columbia just south of the Horn River formation is the Montney Shale.Experts estimate that there is about 250 trillion cubic feet of Natural Gas in northeast B.C in which 10-20% would be recoverable.

Petro Andina Resources Inc. (PAR.T) are up 29%

Could PDP Be Next?

29%= $3.70 per share

PDP-T: We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.

Petro Andina Resources Inc. (PAR.T) are up 29%

By Jennifer Walter

Of DOW JONES NEWSWIRES

TORONTO (Dow Jones)--Shares of Calgary's Petro Andina Resources Inc. (PAR.T) are up 29% after Pluspetrol Resources Corp. N.V., said it is planning a C$8.10-a-share offer for the company, which is focused on developing a heavy-oil resource in Argentina's Neuquen Basin.

In Toronto Thursday, Petro Andina is up C$2.00 to C$8.95, well above the offer price, on 4.3 million shares.

Pluspetrol's offer totals C$400 million and represents a 17% premium to Petro Andina's closing price of C$6.95 on the Toronto Stock Exchange Wednesday. Pluspetrol said the bid also represents a premium of about 31% to the C$6.20-a-share issue price in Petro Andina's recent equity offering.

Pluspetrol, a privately held Netherlands company, is mainly focused on the exploration and production of hydrocarbons in Latin America. It said it's a major player in Argentina's energy sector and also has interests in Peru, Bolivia, Venezuela, Colombia and Chile.

Petro Andina has assets in Argentina, and exploration programs in Colombia and Trinidad and Tobago.

Rafi Khouri, an analyst with Raymond James, said the bid was unexpected. Khouri recently raised his target for Petro Andina to C$9 from C$8. "My view is that Pluspetrol's bid undervalues the company," Khouri said.

Khouri doesn't own shares of Petro Andina, but Raymond James was involved in the company's recent equity offering.

Wellington West analyst Kevin Shaw released a research report and raised his rating on Petro Andina to strong buy from buy, citing the company's strong financial position and growth prospects. Shaw, who has a target of C$12 for Petro Andina, also believes the bid undervalues the company.

Shaw told Dow Jones that while Pluspetrol's bid was unexpected, it isn't surprising given the "high quality" of Petro Andina's assets, and the fact that both companies are involved in enhanced oil recovery in South America.

"South America is a place that is very attractive on the international circuit right now because it's a large growth area for specialty oil reserves in the world," Shaw said. "There's potential that other oil companies could be interested in Petro Andina."

Shaw added that he believes it's likely the bid is hostile, given that Pluspetrol proposed a cash deal. "It's a very opportunistic positioning move by the buyer, and Petro Andina's management is obviously going to have lots to think about." Shaw doesn't own Petro Andina shares, and Wellington West has received compensation for investment banking from Petro Andina in the last 12 months.

Pluspetrol said the bid will be formally launched on Friday, and will be open for 60 days. Petro Andina officials weren't immediately available for comment.

Company Web Site: http://www.petroandina.com

-Jennifer Walter, Dow Jones Newswires, 416-306-2028 jennifer.walter@dowjones.com

(Carolyn King in Toronto contributed to this story.)

PDP Testing And Sale Of Argentina Assetts

Petrolifera provides update on La Pinta testing program


12:53 EDT Tuesday, June 16, 2009

CALGARY, June 16 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) announces today that to date it has been unable to test prospective zones in the La Pinta well on its Sierra Nevada License in Colombia, due to both the late arrival of certain equipment and certain mechanical failures encountered while running the test assembly. These issues have now largely been overcome and it is now anticipated testing will commence in the next several days and continue for an indeterminate period until completed. Events to date in no way reflect on the possible outcome of the testing program as prospective zones have not yet been perforated.

We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.


Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.


FORWARD LOOKING INFORMATION:


This press release contains forward-looking

Commodity stocks lead TSX lower; N.Y. little changed on economic concerns

Commodity stocks lead TSX lower; N.Y. little changed on economic concerns

By Malcolm Morrison – 48 minutes ago

TORONTO — The Toronto stock market was lower Thursday morning as investors remain cautious after four losing sessions and took in news that Canada's annual inflation rate fell to virtually zero last month.

The S&P/TSX composite index moved 18.3 points lower to 10,047.8 after a selloff led by the commodities sector pushed the main index down 241 points on Wednesday.

The Canadian dollar rose 0.21 cent to 88.63 cents US after Statistics Canada reported the overall annual inflation stood at 0.1 per cent in May. Prices were held back by a plunge of almost 25 per cent year to year in the price of gasoline.

But overall prices were 0.7 per cent higher last month, led by the cost of food, which continues to remain the leading force behind whatever remains of inflation in Canada.

Food costs rose 6.4 per cent last month from a year ago.

The Toronto energy sector was down 0.65 per cent as the July crude contract on the New York Mercantile Exchange stepped back 27 cents to US$70.76. Canadian Natural Resources (TSX:CNQ) lost 84 cents to $58.06.

The Toronto stock market is coming off four straight days of losses that carved 648 points, or almost 6.5 per cent, from the main index. The market lost almost 250 points on Wednesday.

The TSX had soared as much as 40 per cent during a rally that began in early March. But investors have turned cautious on fears a hoped-for economic turnaround will not be in place by the end of the year.

Commodity stocks have been the big decliner as oil prices in particular have weakened from seven month highs of US$73 a barrel.

The TSX Venture Exchange was up 2.76 points to 1,18.13.

New York markets have also been moving lower this week and that trend continued Thursday but investors were pleased with data showing the overall number of people drawing unemployment benefits fell for the first time since early January.

New York's Dow Jones industrial average moved up 5.2 points to 8,502.4 following a flat close as the government reported that total unemployment insurance rolls fell last week by 148,000 to 6.76 million, the largest drop in more than seven years.

The Nasdaq composite index moved 8.13 points lower to 1,799.93 while the S&P 500 index added 1.1 points to 911.8.

Investors are awaiting testimony from Treasury Secretary Timothy Geithner on the White House's proposed overhaul of the nation's financial regulatory system.

Geithner is expected to testify before Senate and House committees on the proposals outlined by President Barack Obama on Wednesday. The plan would give new powers to the Federal Reserve to oversee the entire financial system and would also create a consumer protection agency to guard against credit and other abuses.

The base metals sector was 0.8 per cent higher as the July copper contract moved down two cents to US$2.24 a pound.

Teck Resources Ltd. (TSX:TCK.B) shares were up 43 cents to $17.75 after it said Wednesday it has signed a deal to sell a one-third interest in its Waneta Dam in southeastern B.C. to BC Hydro for $825 million. The Vancouver-based mining company said it expects to book a pre-tax gain of $625 million on the sale that will be used to reduce debt.

The August bullion contract on the Nymex was up $3.50 to US$939.50 an ounce but the gold sector eased 1.3 per cent.

Iamgold Corp. (TSX:IMG), a Toronto-based miner with gold miner with projects in West Africa and specialty mineral output from Quebec, says it expects higher production and lower costs for this year. The company now projects production of about 910,000 to 920,000 ounces of gold, an increase of 30,000 to 40,000 ounces over previous guidance and its shares fell 15 cents to $10.73.

In other corporate news, pilots at WestJet Airlines Ltd. (TSX:WJA) have voted 89 per cent in favour of a new four-year contract, the company said Wednesday. Terms of the deal were not immediately available. Its shares were five cents higher at $10.79.

Shares in Magellan Aerospace (TSX:MAL) surged 30 cents or 17 per cent to $2.05 after it said it has been awarded a US$60 million contract to supply machined titanium components for three variants of the F-35 Lightening II fighter jet.

Asian stocks suffered their fourth straight day of losses Thursday amid a growing belief the markets were due for a reality check after the recent surge. European markets weakened in early trade.

Japan's benchmark Nikkei 225 stock average fell 1.4 per cent and Hong Kong's Hang Seng dropped 1.7 per cent.

London's FTSE 100 index declined 0.4 per cent, the German DAX inched up 0.6 per cent while the Paris CAC 40 added 0.15 per cent.

Copyright © 2009 The Canadian Press. All rights reserved.

WesternZagros Provides Drilling Update on Kurdamir-1

WesternZagros Provides Drilling Update on Kurdamir-1

ccnm

CALGARY, ALBERTA--(Marketwire - June 17, 2009) -

WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") announced today that drilling of Kurdamir-1 has progressed to a current depth of 1,700 metres with no significant drilling issues encountered, and the 13 5/8" intermediate casing was set in the Lower Fars as planned.


Total depth for Kurdamir-1 is planned to be approximately 4,000 metres. Drilling is expected to be completed in October 2009 and, upon exploration success, testing operations would commence. Kurdamir-1 is targeting four potential reservoir zones - the Oligocene and Pilaspi/Jaddala intervals in the Tertiary, and the Shiranish and upper Qamchuqa intervals in the Cretaceous. The top of the first reservoir in the well is expected at approximately 2,100 metres.


About WesternZagros Resources Ltd.


WesternZagros is an international natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds a Production Sharing Contract with the Kurdistan Regional Government in the Kurdistan Region of Iraq. WesternZagros' shares trade in Canada on the TSX Venture Exchange under the symbol "WZR".

U.S. flat, Canada hammered

U.S. flat, Canada hammered
David Berman
RTGAM






When the chief executive of FedEx Corp. gives an earnings forecast, people sit up and take notice. It's not because Frederick W. Smith is particularly prescient. Instead, it's because FedEx is on the bleeding edge of the economy.

On Wednesday, the package-shipping company said its earnings for the current quarter would be just 30 cents to 45 cents (U.S.) a share, or about half what analysts had been expecting.

Rising fuel costs took some of the blame - but the dismal outlook is mostly due to the fact that shipping volumes are heading down. And when shipping volumes are down, the economy is in the dumps, providing more angst over whether the stock market's remarkable gains since early March can be sustained without signs of an improving economy.

On Wednesday, the Dow Jones industrial average closed at 8497.18, down 7.49 points, or 0.1 per cent. The broader S&P 500 closed at 910.71, down 1.26 points, or 0.1 per cent. The day marked the third down day in a row for both indexes.

Commodity producers were weak, with Alcoa Inc. down 3.8 per cent. Financials were also down on concerns about the U.S. administration's plan to overhaul the regulatory system, with Bank of America Corp. falling 3.4 per cent and JPMorgan Chase & Co. falling 2.3 per cent.

In Canada, the S&P/TSX composite index closed at 10,066.11, down 241.29 points, or 2.3 per cent.

Materials stocks led the way down, with Potash Corp. of Saskatchewan Inc. tumbling 10.5 per cent after a profit warning from a German fertilizer company. Teck Resources Ltd. fell 5.2 per cent.

Energy stocks were also hammered, despite the fact that the price of crude oil rose slightly, to above $71 (U.S.) a barrel. Suncor Energy Inc. fell 5.2 per cent and Canadian Natural Resources Ltd. fell 3.8 per cent.

Financials also fell, with Royal Bank of Canada down 1.4 per cent and Toronto-Dominion Bank down 0.7 per cent.

Until recently, the stock market was moving on the green shoots theory, which goes: Signs of economic stability, or even a slower rate or deterioration, are enough to send stocks soaring. But now, with major indexes up about 40 per cent from their March lows, investors want more, which helps explain the recent bout of stock market volatility.

"The selloff over the past couple of days in the stock market suggests that we need to see green stalks, not just green shoots," Ed Yardeni, president and chief investment strategist at Yardeni Research, said in a note released Wednesday morning.

The FedEx forecast was certainly no green stalk. During the rally that began in March, the shares surged 80 per cent by early May as investors bet that financial Armageddon and economic depression were not in the works. That's about double the move of the broad S&P 500 over the same period, and it reinforced the belief that freight haulers are barometers for the global economy.

"They are a reflection of consumer conditions," said Morgan McGowan, assistant economist at Moody's Economy.com. "The companies involved operate with a combination of air and ground, and even rail shipping as well. So they give a broad range of the different types of shipments that are going out."

Now, though, the barometric reading has changed as investors lose patience over the lack of hard evidence of an economic recovery. FedEx shares have fallen 17.8 per cent over the past month, which is worse than the broader market.

Copyright 2001 The Globe and Mail

CLL And Pescod View Of The Future

IE.to is worth looking at since WZR is currently getting hammered by insiders dumping 400k shares

WZR-T This is not good, Thomas Weisel is the biggest seller

today after accumulating 2 million Shares in the last 35 days.

123,000 net sold shares so far

I have sold off WZR and moved into IE

When Trades Go Wrong Cut Losses

Shares sell at same money, and IE is

A: The petroleum and distiller of heavy oil is in discussions on several fronts with strategic, technology and/or capital partners. These might include refiners seeking the utility of Ivanhoe’s Texas facility for upgrading their own heavy oil into acceptable API-grade “clean” diesels and other fuels. CEO and Ivanhoe Capital Chairman Robert M. Friedland, a deep-pockets supporter of untapped hydro-carbon resources, tells me today (Friday),

“Our team is very deeply involved in highly confidential business discussions at the San Antonio facility under (technology chief Mike A. Silverman’s) direction, which is placing a huge demand on his time.”

Mr. Friedland says investors at present can peruse the Ivanhoe Energy cyber site for current research and a potent video in four languages, including Chinese and Arabic. (Ivanhoe Energy shares are now an Instant Value selection for Ticker Trax subscribers.)

PDP Insiders and More On Testing And Sale Of Argentina Assetts

Petrolifera provides update on La Pinta testing program12:53 EDT Tuesday, June 16, 2009CALGARY, June 16 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) announces today that to date it has been unable to test prospective zones in the La Pinta well on its Sierra Nevada License in Colombia, due to both the late arrival of certain equipment and certain mechanical failures encountered while running the test assembly. These issues have now largely been overcome and it is now anticipated testing will commence in the next several days and continue for an indeterminate period until completed.

Events to date in no way reflect on the possible outcome of the testing program as prospective zones have not yet been perforated.

We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.

Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.FORWARD LOOKING INFORMATION:This press release contains forward-looking

F.J, Dyment Sells 400k shares from grant of options through Salman

And the good news is thats all been flushed through the market by Salman in the last 5 days

Boone was also a seller of 31,000k shares approx.

Salman Has Been a Seller Since June 10 2009

400,000 shares unloaded

this caused WZR To Fall

Weisel Is Making The Market again Today

Markets Pulling Back - Seasonally

WZR Large Cross

These two oil plays are getting hit, but both have very promising pending news

Are You Invested In Oil? Its the only market thats moving!

Action Economics morning alert7:38 June 17, 2009, EDT.(Canadian Press)
(Action Economics) - 05:53 EST Oil Action: Nymex crude futures have declined in the European morning session, erasing most gains recorded in the Asian session, ahead of today's EIA crude stocks report. A Bloomberg survey predicts that the U.S. Energy Department will report a drop in crude stockpiles of EUR 2 m barrels last week.

Yesterday the American Petroleum Institute reported U.S. crude inventories down by 1.3 mln barrels to 356.6 mln barrels last week. As of 9:34GMT the July Nymex future was down 34 cents per barrel at USD70.13 per barrel, after trading in a range between USD 69.91 to USD71.28.

Gushers of oil fill China tanks

ZHOUSHAN, China–One reason for the rebound in world oil prices sits on China's eastern seaboard, where rows of immense, squat oil tanks on an island south of Shanghai, have been filled to guard energy security.

Patrolled by military personnel, these tanks in Zhoushan are one of four locations where China keeps its national strategic reserves.

Since crude oil and other commodity prices plunged last year – oil tumbled from $147 (U.S.) a barrel last July to nearly $33 in December – China has rushed to build up stockpiles at bargain prices, economists say. That motive, more than a revival in industrial demand, has driven its recent import boom of oil, copper and other metals.

The United States has done similar deals to buy crude for its far larger Strategic Petroleum Reserve. Associated Press

WZR Buy between 1.60-1.81 Talisman Picks Winners!

Salman Has Been a Seller Since June 10 2009

400,000 shares unloaded

this caused WZR To Fall

Weisel Is Making The Market again Today

PDP Delay On La Pinta testing program Investors Will Wait A Little Longer

Some small trades 100 = programmed trades

by market makers looking to absorb sheeple selling due to the delays.

Petrolifera provides update on La Pinta testing program


12:53 EDT Tuesday, June 16, 2009

CALGARY, June 16 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) announces today that to date it has been unable to test prospective zones in the La Pinta well on its Sierra Nevada License in Colombia, due to both the late arrival of certain equipment and certain mechanical failures encountered while running the test assembly. These issues have now largely been overcome and it is now anticipated testing will commence in the next several days and continue for an indeterminate period until completed. Events to date in no way reflect on the possible outcome of the testing program as prospective zones have not yet been perforated.

We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.


Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.


FORWARD LOOKING INFORMATION:


This press release contains forward-looking

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WZR Time To Buy Before the next run thru $2.00

PDP Will Release News At Any Time- Be Invested!

PDP Testing La Pinta No 1 Plus Selling Argentina Assets Buy Today!

Petrolifera to begin La Pinta testing on June 6

2009-06-05 09:12 ET - News Release

Mr. R. A. Gusella reports

TESTING OF PETROLIFERA'S LA PINTA WELL IN COLOMBIA TO COMMENCE JUNE 6, 2009; DEADLINE FOR ARGENTINA BIDS EXTENDED TO JULY 10, 2009 AT REQUEST OF PROSPECTIVE PURCHASERS

Petrolifera Petroleum Ltd.'s testing of its La Pinta No. 1 well on the Sierra Nevada licence in

Colombia is anticipated to commence on June 6, 2009.

It is expected that the complete testing program will require between seven and 10 days, after which the rig will be released from the La Pinta No. 1 location. Results will be communicated by way of press release when they are conclusive and testing is completed.

The company also announced that at the request of a number of interested parties, the deadline for submission of bids related to the potential purchase of Petrolifera's Argentinian operations has been extended until July 10, 2009.

We seek Safe Harbor.

Public Float definition

The last price at which a stock was sold multiplied by the number of outstanding shares of voting and non-voting stocks that are held by public investors, not company directors or executives.

Depending upon whether the float is in conjunction with a stock offering, regulators may specify a certain time frame within which the calculation must be made, such as 60 days within the date a registration statement is filed.

Stock exchanges typically use public float figures to determine whether companies meet minimum listing standards, rather than looking at market capitalization, which includes the figures from both public shareholder and company directors and executives.

The smaller the float the faster the rise in the stock up/down when it is moving.

I expect this to gap up very fast- Buy New, Or Average Down This is going to fly Soon:

As much as it has climbed in the last 2 months, there are 2 major catalysts that can double this stock in the next 2 mths.

#1 Testing Of Petrolifera's La Pinta Well In Colombia To Commence June 6, 2009;
#2 And the Buy Out Of Argentina's Assets : ProspectivePurchasersArgentina Bids Extended To July 10, 2009

Petrolifera (C$3.00, C$0.20, 7.1%) has extended the deadline for submissionsof bids related to the potential purchase of its Argentinean operations to July10 at the request of a number of interested parties. It also said testing of itsLa Pinta No. 1 well on the Sierra Nevada License in Colombia is expected tostart Saturday.

Solid cash flow, profitability and favorable commodity pricing realized in Argentina during Q1
2009

• Plan of Arrangement for asset backed commercial paper restructuring completed; related line of
credit expanded to $28.2 million and borrowings reclassified as long term, which improved
working capital and enhanced liquidity

Daily sales volumes
Crude oil and natural gas liquids - bbl/d 5,245 6,726 (22)
Natural gas - mcf/d 6,500 7,044 (8)

Barrels of oil equivalent - boe/d (2) 6,328 7,900 (20)
Average selling prices
Crude oil and natural gas liquids - $/bbl $ 52.17 $ 41.99 24
Natural gas - $/mcf $ 2.98 $ 2.20 35
Barrels of oil equivalent - $/boe $ 46.30 $ 37.72 23
Common shares outstanding (000s)
Weighted average
Basic 54,948 50,212 9
Diluted 55,195 51,562 7
End of period 54,948 50,353 9

Petrolifera Petroleum Limited is a Calgary-based crudeoil and natural gas exploration, development and production companyactive in South America. Petrolifera holds interests in approximatelyeight million acres of petroleum and natural gas rights in ten onshoreconcessions or licenses in Argentina

Connacher Oil and Gas Limited of Calgary, Alberta was responsible forthe creation and financing of Petrolifera and owns 24 percent ofPetrolifera's shares. Connacher also provides some management servicesto Petrolifera.
Board of Directors

Richard A. Gusella
Executive Chairman

Gary D. Wine
President and Chief Operating Officer

much more here:

http://treasurepicks.blogspot.com/

Bankers Petroleum Technical: Buy Alert Signal

WZR Time To Buy Before the next run thru $2.00

Post says Talisman, others look to expand in Kurdistan

2009-06-12 09:28 ET - In the News

See In the News (C-TLM) Talisman Energy Inc

The Financial Post reports in its Friday edition that North American energy companies are falling behind their European and Asian cousins in staking claims to undeveloped, massive oil and gas fields in Iraq's Kurdistan region.

The Post's Carrie Tait writes Kurdistan just 12 days ago pumped out crude from its first new oil fields in decades. Qubad Jalal Talabani, who represents Iraq's Kurdistan regional government in the United States, notes that while the U.S. is cool to the idea of more Middle East oil, Canadian companies are dipping their toes into Kurdish territory.

Talisman Energy and WesternZagros Resources are among the handful of domestic companies looking to grab a piece of Kurdistan's potential. Turkey and Lebanon invest more in Kurdistan than any other country. Europe, Mr. Talabani said, is more aggressive than its Western counterparts, and South Korea is also pushing into the northern corner of Iraq.

"We can survive and flourish [without further North American investment], but obviously we want our friends to be partners with us as we develop our region," he said. Despite the United States' pledge to end its reliance on foreign oil, Mr. Talabani does not expect exports to dry up.

2009-06-12 09:28 ET - In the News

See In the News (C-TLM) Talisman Energy Inc

The Iraq Contracts And Political Affect On Oil:

"The contracts have been put out to tender but a highly controversial hydrocarbon law — intended to govern how oil proceeds are split among the population – remains locked in parliament, more than four years after it was first proposed.

Al-Shahristani is fighting for his political life. He has been heavily criticised in recent weeks by MPs angry about the stagnation of the industry at a time when the country desperately needs revenue.

Yet the oil companies are unfazed by the uncertainty. Iraq is sitting on 115 billion barrels of proven reserves. At a time when explorers are going to great lengths to get at new sources, Iraq’s is the “easiest” oil in the world. It costs between $2 and $4 a barrel to extract, compared with $50 or more for tar sands or deep-sea drilling.

In its annual review of world energy, BP announced last week that global reserves fell for the first time in more than a decade. Lambert Energy, a consultancy, predicts that at present rates of decline the world will need 40m barrels a day of new production capacity within a decade just to keep up with current demand.

Philip Lambert, its founder, said: “The world needs Iraq, both the north and the south, to work. There is nothing else that can fill the gap.”

So will this latest initiative succeed? Industry insiders say it has a good chance. On June 1, Jalal Talabani, the Iraqi president, hosted a gala ceremony celebrating the connection of a pipeline out of Kurdistan, in the north of the country. It was a momentous occasion. It connected two fields, Taq Taq and Tawke – the first to be developed since the 1970s – to the port of Ceyhan in Turkey.

Talabani’s presence was key. Since 2003, the Baghdad government and Erbil, the capital of the semi-autonomous Kurdistan, have been locked in a bitter row. Ashti Hawrami, the Kurdish oil minister, has signed 30 contracts with foreign companies without the blessing of the federal oil ministry. These so-called production-sharing agreements are generous. They give oil companies a 10%-20% cut of revenues.

The deals infuriated Al-Shahristani, who blacklisted any company that dealt with the Kurds. That is why no big oil company entered the region, leaving it to minnows such as Heritage Oil, Addax Petroleum and Norway’s DNO.

Talabani’s blessing at the opening was seen as a shift in the government’s stance. Uncertainties remain, though. The Kurdish contracts have yet to be ratified by parliament, while the law to determine how oil income – 95% of Iraq’s GDP – will be distributed remains mired in controversy.

The deals offered to the oil giants in the south won’t be nearly as attractive as those in Kurdistan. They are technical contracts, under which companies are paid a fee to increase production. Oil groups have found such deals in other countries such as Iran unappealing. However, the contracts do provide for additional payments if production targets are passed".

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6493356.ece

Its Buying Time Again The Stock Has Pulled Back Strictly On Profit Takers

Thomas weisel Buys And Sells And Nets 2 Million Shares

In the last 30 Days

Thomas Weisel Vaccums Up The Cheap WZR Shares

Under $2.00 ACCUMULATION!!!

This News Is NoteWorthy!

Short Covering Will Move This Back Thru $2.00 This Week

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Natural Gas And Companies With Strong Balance Sheets= $$$ in the next 6-12mths

Crude oil prices have risen above US$70, a new high since the cyclical low in February. Natural gas prices have failed to participate. In February, the ratio between the price of one barrel of oil and one million BTU's worth of natural gas was 8 to 1. That gap has since widened to a ratio of 18 to 1. Can the natural gas market continue to be disconnected to crude oil prices?

Most analysts of energy commodities will concede that, in the short run, fundamentals have little to do with energy price futures. It used to be that whenever there was an extreme contango occurred in crude futures (an upward sloping curve in forward contracts or when forward contracts are trading much higher than the near-month), investors were correct to identify that the upward pressure in the near-month would eventually narrow the contango spread. Now, investors in futures appear to be betting that the same will occur in natural gas futures. Maybe ... and maybe not.

The crude oil market is much different than the North American natural gas market, especially while we are at the depths of an economic recession.

The crude oil world is dominated by a small number of countries that dominate exports of crude oil (i.e. OPEC, Russia, Canada, and Mexico). An even smaller number of countries are able to achieve significant growth in exports (i.e. a handful of OPEC members, Canada, and few others). Thus, OPEC's ability to balance the supply/demand fundamentals at any point in time can have a significant impact on average prices, despite the brief extremes we saw at the high last summer and the low this past winter.

Until about five years ago, the North American natural gas market was well connected to the crude oil price, because there was no unused capacity to increase production and the ability to grow production was quite weak. In fact, Canada's supply growth since 1986 represented over 60% of the incremental demand in U.S. over that period of time. And in 2005, Canada's supply growth peaked and has since been falling.

During the past five years, two new phenomena developed. Shale gas production in the Unites States, due to higher prices and new technology, caused U.S. domestic supply to grow rapidly, to all-time record levels.

At the same time, the capacity to import liquefied natural gas (LNG) into the United States was expanded to fill the expected gap from the decline in U.S. production. Now LNG has become a significant supply threat to North American producers during the summer months.

Excess supply of natural gas in the North American market is measured by the level of natural gas inventories, which are currently at record levels for this time of the year.

There are certainly positive signs that are driving the extreme contango in natural gas prices, when you look at winter contracts that are 50% higher than summer contracts. Commodity investors are looking at the collapse in U.S. rig activity which fell to 700 last week from 1600 last summer. They are betting on recovery in U.S. industrial activity. And they are looking at the disconnect between crude oil and natural gas futures.

However there are also signs that the commodity investors may be too early in their enthusiasm. Spot prices for natural gas (that's the physical market) are well below the near-month futures prices, indicating that excess supply could continue to keep prices low for the rest of the storage injection season at the end of October. In Canada, spot prices are below C$3.00 per thousand cubic feet or US$1.00 per thousand cubic feet lower than U.S. spot prices.

Equity investors can play the natural gas price turnaround story by buying shares in gas-weighted companies with strong balance sheets. High debt levels will be a significant drag on capital investing either until higher prices generate higher cash flow, or until investor bullishness allows companies to issue new equity.

Patience will be a virtue in this natural gas cycle.

Credit card companies ordered to repay millions in fees

Superior Court Justice Clement Gascon ruled Thursday on three class-action suits filed by consumers against institutions such as American Express, the Royal Bank of Canada, Toronto Dominion Bank and more...

MONTREAL - Nine banks and a federation of credit unions have been ordered by Quebec Superior Court to pay back millions of dollars in credit card fees charged to consumers when purchases made in foreign exchange were converted to Canadian dollars.

But how and when about a million Quebec card holders will get their money has yet to be determined.

After rendering judgments Thursday in three separate class-action suits involving the Royal Bank of Canada, Toronto Dominion Bank, Bank of Montreal, Canadian Imperial Bank of Commerce, Scotiabank, National Bank of Canada, Laurentian Bank of Canada, Amex Bank of Canada, Citibank Canada and the federation of Desjardins credit unions, Justice Clement Gascon asked that the parties reconvene within 30 days to work out the details.

Consumers will be entitled to a percentage - up to 2.5% - on charges that were converted from foreign exchange into Canadian dollars, including purchases made over the Internet. But that payment could be a long time coming, especially if the banks in question decide to appeal Justice Gascon's decisions.

Lawyers for the banks didn't return phone calls Thursday.

Philippe Trudel, a lawyer representing plaintiffs in two of the suits, said the judgments are huge victories for consumers, since banks have been told to repay approximately $200-million, and also obey the Quebec Consumer Protection Act. Banks had argued they weren't subject to the act because they are federally chartered institutions, Mr. Trudel said.

In one of the class-actions, against Amex Bank of Canada, the plaintiffs argued that prior to December, 2003, Amex didn't inform card users about the commission, let alone tell them the rate. The company simply converted the charge on credit cards to Canadian dollars using an exchange rate that it unilaterally chose. It also applied a commission of between 1 and 2.2%, which was included in the charge in Canadian dollars.

The judge agreed with the plaintiffs, saying that for 10 years, Amex "failed to disclose the commission that it was nevertheless collecting from" consumers. Justice Gascon concluded that the plaintiffs in the class-action suit are entitled to restitution of $13,097,896 in commission paid between March 1, 1993 and March 1, 2003.

The plaintiffs were also seeking $10-million in punitive damages, an amount that Amex lawyers argued was exaggerated and unjustified.

In the end, the judge decided on $2.5 million, or about $75-$100 per card holder.

"While it is true that under the circumstances, the conduct of Amex can hardly be qualified as anti-social or particularly reprehensible or intolerable, it still remains that for an interval of 10 years, it clearly disregarded its obligations under the Consumer Protection Act," the judge wrote.

In the case against the Desjardins group of credit unions, the judge ruled that the fees charged to consumers between April 17, 2000 and Dec. 31, 2007, were illegal and contravened the Consumer Protection Act. He ordered that $28,392,240, plus interest, be reimbursed, but he didn't award any punitive damages. For the other banks, Gascon ordered they pay back different amounts, varying from $4,055,630 for the Bank of Nova Scotia to $36,261,380 for the Royal Bank of Canada.

Some of the banks also have to pay certain cardholders $25 in punitive damages.

Montreal Gazette

Pescod and AN INTERVIEW WITH JIM LETOURNEAU, BIG PICTURE SPECULATOR

Its Buying Time Again The Stock Has Pulled Back Strictly On Profit Takers

Thomas weisel Buys And Sells And Nets 2 Million Shares

In the last 30 Days

Thomas Weisel Vaccums Up The Cheap WZR Shares

Under $2.00 ACCUMULATION!!!

This News Is NoteWorthy!

Short Covering Will Move This Back Thru $2.00 This Week

'Chinese Warren Buffett' facing charges of fraud

Weizhen Tang to defend against Ponzi allegations

Jun 11, 2009 04:30 AM

Madhavi Acharya-Tom Yew
Business Reporter

The Ontario Securities Commission has filed securities fraud charges against Weizhen Tang, a Toronto businessman who billed himself as "the Chinese Warren Buffett" and was accused of running a Ponzi scheme.

Yesterday, the province's stock market watchdog laid a total of 12 charges against Tang and his companies, Oversea Chinese Fund Limited Partnership and Weizhen Tang & Associates.

Tang "will be defending the allegations. He will speak when his time comes during the court process," his lawyer, Calvin Barry, said yesterday.

A hearing is scheduled for June 24 in the Ontario Court of Justice.

The commission alleges that Tang collected more than $40 million from more than 100 investors, including residents of Ontario.

The charges include securities fraud, unregistered trading in securities, illegal distributions of securities and making prohibited undertakings with the intention of effecting trades in securities, which were alleged to have taken place between Jan. 1, 2006, and March 31, 2009. The province's Securities Act states that no person or company can give written or oral representations on the future value or price of a security.

Each offence carries a maximum fine of $5 million, or a jail sentence of five years less a day, or both.

In March, the OSC slapped Tang and his companies with a court order to freeze assets, as well as a cease trade order.

The OSC said in its release yesterday that it has been working with the U.S. Securities and Exchange Commission in its investigation.

Tang is also facing similar charges by the U.S. Securities and Exchange Commission. The SEC alleges that Tang raised capital from U.S. investors by offering and selling limited partnership interests in WinWin Capital Limited Partnership, a Texas-based company he controls.

The OSC first raised allegations in March that Tang may have been operating a Ponzi scheme worth as much as $60 million (U.S.). Tang reportedly told investors that money from new investors was being used to pay out existing investors.

He also told OSC investigators that the fund lost $15 million in 2007, but he did not disclose the loss to investors.

Looking for a strong balance sheet and safe long term double?

Energy getting ready to light your fire

by Yola Edwards

TORONTO (GlobeinvestorGOLD) — The energy sector appears to be on the verge of a significant rally and investors can pick an individual stock or choose a basket of stocks through ETFs.

And this is from David Pescod's Daily Report

An Interview with Jeff Tonken of Birchcliff Energy

(As of May 21, 2009)

As Regards Talisman he says...

JT: I think that they have 0.6 debt to cash flow, so they have the cleanest balance sheet out of any of the majors, they’ve got a huge position on this Montney play and other shale plays and they just re-organized their management team with a strong group of individuals.

They’ve got 450 thousand barrels a day of production and very little debt.

I expect that someone’s going to run at them and pay humongous amounts of money for their balance sheet and their opportunities in the unconventional resource plays that exist in North America, it would be my bet. David Pescord : Thank you for your time Jeff!

WZR Buy between 1.75-1.81 for the next run to $2.00

Its Buying Time Again The Stock Has Pulled Back Strictly On Profit Takers

Thomas weisel Buys And Sells And Nets 2 Million Shares

In the last 30 Days

Thomas Weisel Vaccums Up The Cheap WZR Shares

Under $2.00 ACCUMULATION!!!

This News Is NoteWorthy!

Short Covering Will Move This Back Thru $2.00 This Week

PDP Buy On The Dip To 3.15- Public Shares 54,948

Petrolifera to begin La Pinta testing on June 6

2009-06-05 09:12 ET - News Release

Mr. R. A. Gusella reports

TESTING OF PETROLIFERA'S LA PINTA WELL IN COLOMBIA TO COMMENCE JUNE 6, 2009; DEADLINE FOR ARGENTINA BIDS EXTENDED TO JULY 10, 2009 AT REQUEST OF PROSPECTIVE PURCHASERS

Petrolifera Petroleum Ltd.'s testing of its La Pinta No. 1 well on the Sierra Nevada licence in Colombia is anticipated to commence on June 6, 2009. 

It is expected that the complete testing program will require between seven and 10 days, after which the rig will be released from the La Pinta No. 1 location. Results will be communicated by way of press release when they are conclusive and testing is completed. 

The company also announced that at the request of a number of interested parties, the deadline for submission of bids related to the potential purchase of Petrolifera's Argentinian operations has been extended until July 10, 2009.

We seek Safe Harbor.

Public Float definition

The last price at which a stock was sold multiplied by the number of outstanding shares of voting and non-voting stocks that are held by public investors, not company directors or executives. 

Depending upon whether the float is in conjunction with a stock offering, regulators may specify a certain time frame within which the calculation must be made, such as 60 days within the date a registration statement is filed. 

Stock exchanges typically use public float figures to determine whether companies meet minimum listing standards, rather than looking at market capitalization, which includes the figures from both public shareholder and company directors and executives.

The smaller the float the faster the rise in the stock up/down when it is moving.

I expect this to gap up very fast- Buy New,  Or Average Down This is going to fly Soon: 

As much as it has climbed in the last 2 months, there are 2 major catalysts that can double this stock in the next 2 mths.

#1 Testing Of Petrolifera's La Pinta Well In Colombia To Commence June 6, 2009;
#2 And the Buy Out Of Argentina's Assets : ProspectivePurchasersArgentina Bids Extended To July 10, 2009

Petrolifera (C$3.00, C$0.20, 7.1%) has extended the deadline for submissionsof bids related to the potential purchase of its Argentinean operations to July10 at the request of a number of interested parties. It also said testing of itsLa Pinta No. 1 well on the Sierra Nevada License in Colombia is expected tostart Saturday.

Solid cash flow, profitability and favorable commodity pricing realized in Argentina during Q1
2009

• Plan of Arrangement for asset backed commercial paper restructuring completed; related line of
credit expanded to $28.2 million and borrowings reclassified as long term, which improved
working capital and enhanced liquidity

Daily sales volumes
Crude oil and natural gas liquids - bbl/d 5,245 6,726 (22)
Natural gas - mcf/d 6,500 7,044 (8)

Barrels of oil equivalent - boe/d (2) 6,328 7,900 (20)
Average selling prices
Crude oil and natural gas liquids - $/bbl $ 52.17 $ 41.99 24
Natural gas - $/mcf $ 2.98 $ 2.20 35
Barrels of oil equivalent - $/boe $ 46.30 $ 37.72 23
Common shares outstanding (000s)
Weighted average
Basic 54,948 50,212 9
Diluted 55,195 51,562 7
End of period 54,948 50,353 9

Petrolifera Petroleum Limited is a Calgary-based crudeoil and natural gas exploration, development and production companyactive in South America. Petrolifera holds interests in approximatelyeight million acres of petroleum and natural gas rights in ten onshoreconcessions or licenses in Argentina

Connacher Oil and Gas Limited of Calgary, Alberta was responsible forthe creation and financing of Petrolifera and owns 24 percent ofPetrolifera's shares. Connacher also provides some management servicesto Petrolifera.
Board of Directors

Richard A. Gusella
Executive Chairman

Gary D. Wine
President and Chief Operating Officer

much more here:

http://treasurepicks.blogspot.com/

The Million Dollar Mattress Shreaded?

A Tel Aviv woman claims to have thrown out her mother's mattress when she bought her a new replacement as a surprise.

Her distraught elderly mother then revealed she had hidden her life savings of $1m (£700,000) inside.

By then it was too late - rubbish collectors had already binned the booty-filled mattress.
The woman and her mother have so far searched three different landfill sites, in vain according to local media reports.

Staff at one rubbish dump have been helping the women and describe them as "totally desperate".

A reported 2,500 tons of garbage arrive at the site every day.

The dump's management have increased security to keep away people hunting for the million dollar mattress.

Dump manager Yitzhak Borba said his staff were helping the woman.
The daughter, identified simply as "Anat", seems to be taking things philosophically.

"People have to take everything in proportion and thank God for the good and the bad," the daughter said.

Thus far her mother has not gone public - however she reportedly "almost fainted" when she was told of the lost treasure.

PDP Target $3.50 Weisel, Impending Events Could Double This In 60 Days

Petrolifera to begin La Pinta testing on June 6

2009-06-05 09:12 ET - News Release

Mr. R. A. Gusella reports

TESTING OF PETROLIFERA'S LA PINTA WELL IN COLOMBIA TO COMMENCE JUNE 6, 2009; DEADLINE FOR ARGENTINA BIDS EXTENDED TO JULY 10, 2009 AT REQUEST OF PROSPECTIVE PURCHASERS

Petrolifera Petroleum Ltd.'s testing of its La Pinta No. 1 well on the Sierra Nevada licence in Colombia is anticipated to commence on June 6, 2009.

It is expected that the complete testing program will require between seven and 10 days, after which the rig will be released from the La Pinta No. 1 location. Results will be communicated by way of press release when they are conclusive and testing is completed.

The company also announced that at the request of a number of interested parties, the deadline for submission of bids related to the potential purchase of Petrolifera's Argentinian operations has been extended until July 10, 2009.

We seek Safe Harbor.

A Small Public Float= A Fast Rise To The Top

55 Million Shares

ARGENTINA Assets:

Petrolifera had a busy and productive first quarter of 2009 in Argentina. The principal event was the decision taken to initiate a process to dispose of the company’s Argentinean operations. This decision was not taken
lightly as Petrolifera had fared well in Argentina, while clearly being a strong corporate citizen during an approximate four year period from 2005 to the present. During this time, the company made a number of significant discoveries which added considerable reserves, production and sales. These also resulted in the
payment of considerable royalties and income taxes during this period. We also enhanced shareholder value and our success in Argentina and strong reinvestment program contributed to job and wealth creation for the Province of Rio Negro and the Country of Argentina. Nevertheless, with worldwide capital sources now constrained and numerous prospects of greater magnitude available to Petrolifera in Peru and Colombia, we determined an exit was the best alternative at this time, provided a suitable and fair price could be secured from a purchaser intent on recognizing and realizing the remaining considerable potential of Petrolifera’s holdings in
the country.

We retained Tristone as our advisor in the process and anticipate opening the data room in mid-May 2009 and receiving proposals on or about June 18, 2009. Thereafter offers will be assessed and with Tristone’s assistance,
we will determine which, if any, of the submissions meet our objectives.
We are hopeful the operations can be sold as a going concern in order to maximize employment opportunities for our Argentinean staff, both in Buenos Aires and in the field at Puesto Morales Norte. We also anticipate that
our recent success at Gobernador in identifying what could prove to be a significant heavy oil resource (approximately 19 degree API crude oil) will influence the sales process.

Mortgage rates set to rise again

Soaring bond yields are setting the stage for a second round of interest rate hikes on residential mortgages in about a week.

After nudging rates higher on longer-term mortgages last Wednesday, Toronto-Dominion Bank is once again raising borrowing costs on its popular five-year, fixed-rate loan. Effective tomorrow, the posted rate on that mortgage moves 40 basis points higher to 5.85 per cent.

Last week, TD and the other banks increased their respective interest rates on five-year, fixed-rate mortgages by 20 basis points to 5.45 per cent.

While no major competitor had announced plans to follow TD's latest increase by late today, experts suggested that higher mortgages rates are likely inevitable since banks are facing higher borrowing costs on the bond market. Banks tap the bond market to finance mortgages because they lend out more money than they attract through deposits.

"We don't have a fully-matched book and I would guess that none of the Canadian banks have a fully-matched book in terms of deposits matching loans," said Joan Dal Bianco, vice-president of real estate secured lending for TD Canada Trust.

While mortgage rates rose slightly last week, that move was insufficient to offset the bank's higher costs because bond yields have climbed higher since that time. "And unfortunately, we're now having to cover that gap, or at least close it a little bit," Dal Bianco said.

When asked if consumers should expect even more mortgage rate increases, she replied: "I think we're going to see, over the next year, lots of changes as the economy starts showing positive signs."

The recent spike in bond yields is a global phenomenon and the increase in Canadian yields has actually been milder compared to other countries, said Doug Porter, deputy chief economist at BMO Capital Markets.

The main reason that yields are rising is because the bond market is beginning to price in the prospect of an economic recovery later this year or next year. Said Porter: "I guess that's the good news part of the story. The bad news is that there is actually a cost for the economy in terms of raising the cost of money for some borrowers."

To a lesser degree, longer-term yields are also rising because the bond market is worried about the future prospects for inflation as governments around the world issue massive amounts of debt to stimulate economic growth.

Porter, however, also noted that home sales have "perked up" a bit in the last couple of months, fuelling more consumer demand for mortgages. "That's probably played a small role in this rise in mortgage rates as well," he said.

While TD is certainly experiencing increased demand for mortgages, Dal Bianco insisted that factor played no role in the rate change. "It is strictly the bond market," she said.

Five-year, fixed-rate mortgages are traditionally the most popular option for homeowners. Nonetheless, Mark Chandler, a senior fixed income analyst RBC Capital Markets, said consumers should remember that longer-term mortgage rates are still sitting at near-historic lows.

"The hope that you can do better than that - or even maintain that for an extended period of time - that may be hoping for a little too much, really."

Cro And Ursa Merger Pending- Buy Low To Sell A 5 Bagger Later

Ursa Major, Canadian Arrow explore merger 00:00 EDT Tuesday, May 26, 2009

Canadian Arrow Mines Ltd. CRO-X and Ursa Major Minerals Inc. UMJ-T are considering a strategic merger that would lead to the creation of a mid-tier nickel producer in Ontario. The companies said yesterday they envision an equity swap that would have Ursa Major buy Canadian Arrow. The combined company's board would have three members nominated by Ursa Major and two by Canadian Arrow. Representatives of the two companies would also hold senior management positions. 

Ursa chief executive Richard Sutcliffe would be chairman of the board and CEO of the combined company while Canadian Arrow president Kim Tyler would be president and chief operating officer. The combined company would have reserves and resources containing an estimated 200 million pounds of nickel, plus significant copper and precious metal byproducts. Ursa Major shares haven't traded since May 21, when they closed at 14 cents on the Toronto Stock Exchange. CRO (TSXV) rose 1¢ to 7¢.

Bids Building

Throw Some Cash At This and Triple In 45 Days

- This company has connections to very well funded mining operations through decades of experience. I believe Mr. Tyler when he says they are speaking with 5 strategic partners for completion of there project through joint ventures. Joint venture speculation could drive our sp into a frenzy.

- The drill program which comprised our 253 million dollar property is open at depth and further drilling could significantly increase the resource. Some of our strongest results were on outer edges of the drill zone. De-watering of the 2500 meter mine shaft will allow them to get at these areas. The intersection I speak of is the 7% nickel over 5 meters that intersection comes from the end of the drill core. Further exploration could offer up amazing results. 0 summer 2008 drill results out, any significant finds in mine ready atikocan or kenora/dryden properties will lift stock.

- The company has contractual agreements with Opiwica explorations (OPW) on the TSX.V to mill there major gold and copper find with in close proximity of Canadian Arrows Planned site. Mining could begin on both projects in early 2010. This represents earnings and is a good partnership for a company seeking to be the next significant Nickel Copper producer in Canada.

- Canadian Arrow has the ability to produce nickel in its mine at 3.47 per pound nickel. That kind of number is unheard of in comparison to other mines. With production scheduled for early 2010 (around the same time our economy should be significantly rebounding) what if nickel prices return back to 15 dollars per pound? This site will look like a gem to any investor! (plus the property would be worth about 400mil at 15 dollars per pound nickel.

This is just a few of the key points that I believe make this company look attractive. If my predictions are correct we will see a significant rebound to normal multiples over the course of the next couple of months and with any significant news pertaining to my points and our sp and volume will be sent soaring. JV with cash on the books and abilitiy to help put project into production will send our sp back to .50 if not higher! I am Bull on Canadian Arrow mines.

Source

Review This .pdf 12 page report:

http://www.chfir.com/CRO_Valuation/CRO_ValuationReport.pdf

PDP Ready To Break Out On This News

Petrolifera to begin La Pinta testing on June 6

2009-06-05 09:12 ET - News Release

Mr. R. A. Gusella reports

TESTING OF PETROLIFERA'S LA PINTA WELL IN COLOMBIA TO COMMENCE JUNE 6, 2009; DEADLINE FOR ARGENTINA BIDS EXTENDED TO JULY 10, 2009 AT REQUEST OF PROSPECTIVE PURCHASERS

Petrolifera Petroleum Ltd.'s testing of its La Pinta No. 1 well on the Sierra Nevada licence in Colombia is anticipated to commence on June 6, 2009.

It is expected that the complete testing program will require between seven and 10 days, after which the rig will be released from the La Pinta No. 1 location. Results will be communicated by way of press release when they are conclusive and testing is completed.

The company also announced that at the request of a number of interested parties, the deadline for submission of bids related to the potential purchase of Petrolifera's Argentinian operations has been extended until July 10, 2009.

We seek Safe Harbor.

A Small Public Float= A Fast Rise To The Top

55 Million Shares

ARGENTINA Assets:

Petrolifera had a busy and productive first quarter of 2009 in Argentina. The principal event was the decision taken to initiate a process to dispose of the company’s Argentinean operations. This decision was not taken
lightly as Petrolifera had fared well in Argentina, while clearly being a strong corporate citizen during an approximate four year period from 2005 to the present. During this time, the company made a number of significant discoveries which added considerable reserves, production and sales. These also resulted in the
payment of considerable royalties and income taxes during this period. We also enhanced shareholder value and our success in Argentina and strong reinvestment program contributed to job and wealth creation for the Province of Rio Negro and the Country of Argentina. Nevertheless, with worldwide capital sources now constrained and numerous prospects of greater magnitude available to Petrolifera in Peru and Colombia, we determined an exit was the best alternative at this time, provided a suitable and fair price could be secured from a purchaser intent on recognizing and realizing the remaining considerable potential of Petrolifera’s holdings in
the country.

We retained Tristone as our advisor in the process and anticipate opening the data room in mid-May 2009 and receiving proposals on or about June 18, 2009. Thereafter offers will be assessed and with Tristone’s assistance,
we will determine which, if any, of the submissions meet our objectives.
We are hopeful the operations can be sold as a going concern in order to maximize employment opportunities for our Argentinean staff, both in Buenos Aires and in the field at Puesto Morales Norte. We also anticipate that
our recent success at Gobernador in identifying what could prove to be a significant heavy oil resource (approximately 19 degree API crude oil) will influence the sales process.

WZR Ready To Break $2.00 Buy Now Or Cry Soon

Thomas weisel Buys And Sells And Nets 2 Million Shares In 30 Days

Thomas Weisel Vaccums Up The Cheap WZR Shares

Under $2.00 ACCUMULATION!!!

This News Is NoteWorthy!

Short Covering Will Move This Back Thru $2.00 This Week

Technically speaking Buy Sell and Hold For These

Technical Signals Worth Your Attention Buy WZR-V

WZR-V Partner With Talisman Technicals Say Buy Now 1.72

Short Covering Will Move This Back Thru $2.00 This Week

Bear market rally? Time to wake up and smell the bull

June 06, 2009

Bill Carrigan

See if you can solve this riddle.

If it looks like a bear, if it walks like a bear and if it growls like a bear – what is it?

Answer: A bull market

It all boils down to investor perception of the current reality and the disconnection with the behaviour of stock prices.

Many research analysts and portfolio managers will include some form of technical studies in their work because they know stock prices are forward looking. In many cases economic news, earnings surprises or company guidance is already "baked" into the price.

The current global stock market advance from the March lows is a good example of stock market behaviour disconnecting from the current reality.

The current reality is the vaporization of three Dow components with Citigroup Inc., General Motors Corp. and American International Group Inc. trading down to penny stock status and then getting the boot from the "select" group of what are supposedly America's best corporations.

The current reality is poor numbers on employment, retail sales and auto sales.

Market participants can only assume that if stock prices are forward looking, the current powerful advance is forecasting a short recession.

The bears who are sitting on cash tell us this is a bear market rally and we may yet see the broader world indexes revisit the March lows.

Now there are a few conditions that must first be satisfied to be classed as an "official" bear market rally.

The advance, or bull skew, must be powerful and of short duration and the subsequent decline, or bear skew, must be longer and retrace all or more of the market's advance.

There have been 10 modern bear market rallies since 1960 that have satisfied these conditions. The average gain or bull skew was about 18 per cent and the average duration of the advance was 5.8 weeks.

The current advance is now into week 13 and the 30 per cent plus return has so far exceeded our bear market conditions in terms of time and price magnitude.

And now for the "just in case we're wrong" strategy.

Bullish investors who have enjoyed the great advance should have some basic constraints on their equity portfolio that could mute any damage if the markets get nasty once again.

Limit your single stock exposure: Never allow a single stock to exceed 15 per cent of the total assets

Limit your sector exposure: This begins with the understanding of natural sector rotation. Rotation occurs when the 10 distinct sectors such as financial, consumer, energy and industrials do not generally advance and decline at the same time.

This reduces the volatility of the overall portfolio and for that reason we need to limit our exposure to any one stock group or sector to a maximum of 30 per cent of the total assets.

Own at Least five Sectors: Remember those 10 distinct sectors? Make sure to own at least five of them in order to have some degree of diversification, and yet take advantage of sector rotation. This will allow us to adjust our sector weights according to risk.

One of the easiest ways to identify the order of rotation in the stock groups is to monitor any weekly price momentum oscillator.

I use a 10 week rate-of-change (ROC) that generates a series of positive and negative weekly numbers.

I have produced a sector (or risk) table, above, sorted by the number of positive ROC numbers this year.

The S&P/TSX Global Gold sector has printed 19 weeks of positive ROC numbers so far this year and the S&P/TSX and the TSX Telecommunications sector has printed only 3 weeks of positive ROC numbers this year.

We could now anticipate the outcome of the TSX sectors if we were to encounter nasty markets with the highest-ranked sectors taking the greatest hit.

Bill Carrigan, CIM is an independent stock-market analyst.

Have a chuckle...

An elderly gent was invited to an old friends home for dinner one evening. He was impressed by the way his buddy preceded every request to his wife with endearing terms such as: Honey, My Love, Darling, Sweetheart, Pumpkin, etc.

The couple had been married almost 70 years and, clearly, they were still very much in love. While the wife was in the kitchen , the man leaned over to his host, 'I think it's wonderful that, after all these years, you still call your wife those loving pet names'. The old man hung his head.

'I have to tell you the truth,' he said, 'Her name slipped my mind about 10 years ago , and I'm scared to death to ask the cranky miserable old bitch what her name is.

When This Convention Is Complete The Market Will Stall

Talisman Significant Gas Condensate Discovery In Colombia

Total: Significant Gas Condensate Discovery In Colombia


12:05 EDT Wednesday, June 03, 2009

Edited Press Release

PARIS -(Dow Jones)- Total (TOT) announced Wednesday the discovery of a significant gas condensate field in the Niscota block of the Andes foothills, 300 kilometres north east of Bogota, Colombia.

Total owns a 50% interest in the block, alongside partners Talisman Energy Inc. (TLM) (30%) and Hocol (operator, 20%).

The exploration well, Huron-1, drilled a prospect to a depth of approximately 5,500 metres in a heavily faulted area, and encountered several reservoirs, one of which was tested at 3,400 barrels per day of gas condensate, and the others are still to be tested.

The appraisal of the Huron-1 structure is underway with the start of a 3D seismic campaign aiming to precisely define the importance of this discovery and to locate the future appraisal wells.

Company Web site: www.total.com


(END) Dow Jones Newswires
06-03-09 1203ET
Copyright (c) 2009 Dow Jones & Company, Inc.

Kind of puts a lump in your throat...pot of gold at the Rainbows end

Are Copper, Zinc Running Up?

Investors were harder to impress on Tuesday

Barely budging

RTGAM

Investors were harder to impress on Tuesday, the day after an impressive stock market rally took North American indexes to their highest levels in six months.


As a result, major stock market indexes treaded water, even as the National Association of Realtors reported that pending home sales jumped 6.7 per cent in April, well ahead of expectations and another suggestion that the U.S. housing market might be forming a bottom.


If there were any celebrations, they were quiet. The Dow Jones industrial average - limping along with 29 stocks, rather than usual 30, because of the demise of General Motors Corp. - closed at 8740.87, up 19.43 points or 0.2 per cent. The broader S&P 500 - er, S&P 499 - closed at 944.74, up 1.87 points or 0.2 per cent.


Financials were mostly lower, with Citigroup Inc. down 4.9 per cent and JPMorgan Chase & Co. down 4.5 per cent. Technology stocks were also generally weaker, with International Business Machines Corp. down 1.4 per cent and Intel Corp. down 1.9 per cent.


However, Alcoa Inc. rose 7 per cent and Boeing Co. rose 3.1 per cent. Toll Brothers Inc., the homebuilding company, rose 3.9 per cent.


In Canada, the S&P/TSX composite index closed at 10,588.79, down 15.27 points or 0.1 per cent.
Energy stocks were a drag on the index, even though the price of crude oil remained relatively steady at $68.55 (U.S.) a barrel. Suncor Energy Inc. fell 5.2 per cent and Talisman Energy Inc. fell 3.4 per cent.


However, gold producers helped pick up some of the slack after the price of gold rose to $984.40 an ounce, up $4.40. Barrick Gold Corp. rose 1.7 per cent and Goldcorp Inc. rose 3.1 per cent.

Copyright 2001 The Globe and Mail

Talisman's assets sold for $360.00 million.

Crescent Point Energy Trust completes acquisition of Talisman's assets in southeast Saskatchewan

cnw

CALGARY, June 1 /CNW/ - Crescent Point Energy Trust ("Crescent Point" or the "Trust") (TSX: CPG.UN) is pleased to announce that today the Trust closed the previously announced acquisition of assets (the "Assets") from Talisman Energy Canada for aggregate cash consideration of approximately $360.0 million.


Crescent Point is also pleased to announce that the Trust today closed the previously announced sale of a portion of the Assets to Shelter Bay Energy Inc. ("Shelter Bay") for aggregate cash consideration of approximately $35.5 million.


As a result of these transactions, Crescent Point acquired approximately 4,000 boe/d of high quality, high netback production in southeast Saskatchewan, approximately 21.1 million boe of proved plus probable and 14.6 million boe of proved reserves, 312 net sections of undeveloped Saskatchewan land, and ownership of freehold mineral rights on 217 net sections of land. Crescent Point's net consideration for the Assets acquired and retained was $324.5 million of cash. The acquisition was financed through a $230 million bought deal financing that closed on March 24, 2009 and through the Trust's existing bank lines.

Huge BNK Crosses Today- But Sellers Line Up Too

Here are all the trades for : BNK on 6/ 1/2009.

1000 Records Returned

Trades

	Exchange	Date	Price	Change	Volume	Buyer	Seller	Markers
	T	2009-06-01 15:26:11	2.34	0.12	200	88 Scotia iTRADE	11 MacQuarie	K
	T	2009-06-01 15:26:11	2.34	0.12	100	88 Scotia iTRADE	11 MacQuarie	K
	T	2009-06-01 15:25:34	2.34	0.12	2,500	9 BMO Nesbitt	11 MacQuarie	K
	T	2009-06-01 15:24:51	2.34	0.12	200	3 Tristone	80 National Bank	K
	T	2009-06-01 15:24:51	2.34	0.12	900	3 Tristone	80 National Bank	K
	T	2009-06-01 15:24:51	2.34	0.12	500	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:51	2.34	0.12	2,500	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:51	2.34	0.12	76,900	3 Tristone	11 MacQuarie	K
	T	2009-06-01 15:24:51	2.34	0.12	1,000	3 Tristone	7 TD Sec	K
	T	2009-06-01 15:24:51	2.34	0.12	1,000	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:51	2.34	0.12	2,000	3 Tristone	19 Desjardins	K
	T	2009-06-01 15:24:51	2.34	0.12	1,500	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:51	2.34	0.12	500	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:51	2.34	0.12	1,600	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:51	2.34	0.12	4,200	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:51	2.34	0.12	3,000	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:51	2.34	0.12	4,200	3 Tristone	79 CIBC	K
	T	2009-06-01 15:24:49	2.33	0.11	300	7 TD Sec	124 Questrade	K
	T	2009-06-01 15:24:49	2.33	0.11	300	124 Questrade	124 Questrade	K
	T	2009-06-01 15:24:49	2.33	0.11	900	2 RBC	124 Questrade	K
	T	2009-06-01 15:21:16	2.34	0.12	146,200	11 MacQuarie	11 MacQuarie	K
	T	2009-06-01 15:21:16	2.34	0.12	300	11 MacQuarie	79 CIBC	K
	T	2009-06-01 15:21:16	2.34	0.12	2,500	11 MacQuarie	79 CIBC	K
	T	2009-06-01 15:21:16	2.34	0.12	1,000	11 MacQuarie	79 CIBC	K
	T	2009-06-01 15:21:12	2.34	0.12	300	79 CIBC	11 MacQuarie	K
	T	2009-06-01 15:21:12	2.34	0.12	700	79 CIBC	11 MacQuarie	K
	T	2009-06-01 15:21:12	2.34	0.12	1,000	79 CIBC	11 MacQuarie	K
	T	2009-06-01 15:21:12	2.34	0.12	600	79 CIBC	11 MacQuarie	K
	T	2009-06-01 15:21:12	2.34	0.12	1,000	1 Anonymous	11 MacQuarie	K
	T	2009-06-01 15:21:12	2.34	0.12	200	11 MacQuarie	11 MacQuarie	K
	T	2009-06-01 15:19:57	2.34	0.12	3,600	79 CIBC	79 CIBC	K
	T	2009-06-01 15:19:57	2.34	0.12	1,000	79 CIBC	79 CIBC	K
	T	2009-06-01 15:19:54	2.34	0.12	19,000	11 MacQuarie	7 TD Sec	K
	T	2009-06-01 15:19:28	2.34	0.12	300	11 MacQuarie	88 Scotia iTRADE	K
	T	2009-06-01 15:19:28	2.34	0.12	200	11 MacQuarie	88 Scotia iTRADE	K
	T	2009-06-01 15:19:11	2.34	0.12	3,100	79 CIBC	79 CIBC	K
	T	2009-06-01 15:19:11	2.34	0.12	1,500	79 CIBC	79 CIBC	K
	T	2009-06-01 15:19:02	2.34	0.12	2,300	79 CIBC	79 CIBC	K
	T	2009-06-01 15:14:13	2.34	0.12	600	11 MacQuarie	85 Scotia	K
	T	2009-06-01 15:14:13	2.34	0.12	300	11 MacQuarie	85 Scotia	K
	T	2009-06-01 15:13:54	2.34	0.12	3,000	11 MacQuarie	19 Desjardins	K
	T	2009-06-01 15:13:53	2.35	0.12	34	9 BMO Nesbitt	11 MacQuarie	E
	T	2009-06-01 15:12:52	2.34	0.12	1,900	11 MacQuarie	82 Thomas Weisel	K
	T	2009-06-01 15:12:52	2.34	0.12	2,500	11 MacQuarie	82 Thomas Weisel	K
	T	2009-06-01 15:12:52	2.34	0.12	400	79 CIBC	82 Thomas Weisel	K
	T	2009-06-01 15:12:16	2.34	0.12	140,000	33 Canaccord	33 Canaccord	K
	T	2009-06-01 15:11:55	2.34	0.12	300	79 CIBC	9 BMO Nesbitt	K
	T	2009-06-01 15:11:55	2.34	0.12	200	11 MacQuarie	9 BMO Nesbitt	K
	T	2009-06-01 15:11:37	2.35	0.13	100,000	11 MacQuarie	11 MacQuarie	K
	T	2009-06-01 15:11:21	2.34	0.12	300	79 CIBC	79 CIBC	K
	T	2009-06-01 15:07:24	2.35	0.13	90	2 RBC	11 MacQuarie	E
	T	2009-06-01 15:07:23	2.35	0.13	200	2 RBC	79 CIBC	K
	T	2009-06-01 15:07:23	2.35	0.13	100	2 RBC	18 Genuity	K
	T	2009-06-01 15:07:23	2.35	0.13	200	2 RBC	11 MacQuarie	K
	T	2009-06-01 15:06:51	2.35	0.13	600	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	400	79 CIBC	11 MacQuarie	K
	T	2009-06-01 15:06:51	2.35	0.13	300	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	200	79 CIBC	11 MacQuarie	K
	T	2009-06-01 15:06:51	2.35	0.13	400	1 Anonymous	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	5,000	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	3,000	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	3,200	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	500	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	500	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	700	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	2,500	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	4,100	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	4,100	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	1,000	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	1,600	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	500	79 CIBC	18 Genuity	K
	T	2009-06-01 15:06:51	2.35	0.13	2,500	79 CIBC	18 Genuity	K
	T	2009-06-01 15:04:54	2.35	0.13	4,000	11 MacQuarie	79 CIBC	K
	T	2009-06-01 15:04:54	2.35	0.13	3,000	11 MacQuarie	79 CIBC	K
	T	2009-06-01 15:04:54	2.35	0.13	2,400	11 MacQuarie	79 CIBC	K
	T	2009-06-01 15:04:51	2.35	0.13	600	7 TD Sec	79 CIBC	K
	T	2009-06-01 15:04:51	2.35	0.13	9,400	7 TD Sec	1 Anonymous	K
	T	2009-06-01 15:04:48	2.35	0.13	300	2 RBC	1 Anonymous	K
	T	2009-06-01 15:04:48	2.35	0.13	200	2 RBC	80 National Bank	K
	T	2009-06-01 15:04:48	2.35	0.13	100	2 RBC	79 CIBC	K
	T	2009-06-01 15:04:48	2.35	0.13	400	2 RBC	11 MacQuarie	K
	T	2009-06-01 15:04:46	2.35	0.13	50	2 RBC	11 MacQuarie	E
	T	2009-06-01 15:04:46	2.35	0.13	300	2 RBC	79 CIBC	K
	T	2009-06-01 15:04:46	2.35	0.13	200	2 RBC	11 MacQuarie	K
	T	2009-06-01 15:04:24	2.35	0.13	600	9 BMO Nesbitt	79 CIBC	K
	T	2009-06-01 15:04:24	2.35	0.13	400	9 BMO Nesbitt	11 MacQuarie	K
	T	2009-06-01 15:04:00	2.35	0.13	3,000	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:04:00	2.35	0.13	3,900	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:04:00	2.35	0.13	500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:04:00	2.35	0.13	1,600	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:04:00	2.35	0.13	1,000	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:04:00	2.35	0.13	2,500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:04:00	2.35	0.13	500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:04:00	2.35	0.13	1,200	82 Thomas Weisel	18 Genuity	K
	T	2009-06-01 15:04:00	2.35	0.13	500	79 CIBC	18 Genuity	K
	T	2009-06-01 15:04:00	2.35	0.13	500	79 CIBC	18 Genuity	K
	T	2009-06-01 15:04:00	2.35	0.13	1,000	79 CIBC	18 Genuity	K
	T	2009-06-01 15:04:00	2.35	0.13	3,900	79 CIBC	18 Genuity	K
	T	2009-06-01 15:04:00	2.35	0.13	2,500	79 CIBC	18 Genuity	K
	T	2009-06-01 15:04:00	2.35	0.13	3,800	79 CIBC	18 Genuity	K
	T	2009-06-01 15:03:55	2.35	0.13	500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	1,900	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	2,500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	8,900	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	3,800	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	1,000	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	1,600	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	3,800	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	400	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	300	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	2,500	82 Thomas Weisel	79 CIBC	K
	T	2009-06-01 15:03:55	2.35	0.13	1,100	82 Thomas Weisel	18 Genuity	K
	T	2009-06-01 15:03:55	2.35	0.13	20,000	79 CIBC	18 Genuity	K

Anonymous dumping CLL at these levels 1.15

U Should Too Since the run seems to be over for now

Time To Buy Bankers Before The Next Run To $3.00

Tristone Is A believer In BNK Today What About You?

Its Time To Buy Average Down Or Add New...

 Look At The Large Crosses

T2009-06-01 12:51:59 2.38 0.16 200,000 18 Genuity 18 Genuity K 

T 2009-06-01 11:32:43 2.40 0.18 463,300 33 Canaccord 33 Canaccord K 

Bankers raises extra $4-million through overallotment

2009-05-25 08:14 ET - News Release

Mr. Abby Badwi reports

BANKERS PETROLEUM RAISES AN ADDITIONAL $4 MILLION THROUGH THE EXERCISE OF THE UNDERWRITERS OVER-ALLOTMENT OPTION

In connection with Bankers Petroleum Ltd.'s recently closed $40-million bought deal equity financing, the underwriters have fully exercised their overallotment option for an additional 2,285,800 common shares at a price of $1.75 per common share for total gross proceeds of $4,000,150. In total, the company raised $44,001,650 from the offering and the net proceeds will be used for the company's production and development activities at its Patos Marinza and Kucova oil fields in Albania, and for general corporate purposes.

The offering was co-led by Canaccord Capital Corporation and Thomas Weisel Partners Canada Inc. and included Macquarie Capital Markets Canada Ltd., BMO Nesbitt Burns Inc., Genuity Capital Markets, Tristone Capital Inc. and Raymond James Ltd.

Application has been made for the 2,258,000 common shares subject to the overallotment option, to be admitted to trading on the AIM Market of the London Stock Exchange and admission is expected to occur on June 1, 2009.

Subsequent to this transaction, the company has 207,798,605 common shares outstanding, 10,587,392 options to purchase common shares and 25,713,376 common share purchase warrants.

We seek Safe Harbor.

This is going to explode!

CURRENT RATING

http://www.cnbc.com/id/30242190

April 16 (Reuters) - * Genuity cuts Addax Petroleum to hold from buy * Genuity raises Vast Exploration to buy from hold * Genuity raises Addax Petroleum price target to C$33 from C$28 * Genuity raises Bankers Petroleum price target to C$3.20 from C$2.90 * Genuity raises Niko Resources price target to C$78 from C$65 * Genuity raises Petrominerales price target to C$12 from C$10.70 * Genuity raises Pacific Rubiales price target to C$7.80 from C$6.60 (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

GM dies, investors cheer

GM dies, investors cheer
David Berman
RTGAM






The United States racked up its third largest corporate failure on Monday, when General Motors Corp.  filed for bankruptcy protection - but investors were in a partying mood.

 U.S. stock index futures were up sharply with about 30 minutes before markets open, suggesting that stocks will blast off at the start of trading. Futures for the Dow Jones industrial average rose 112 points. Futures for the broader S&P 500 rose 16 points.

 In Europe, the U.K.'s FTSE 100 was up 1.4 per cent and Germany's DAX index was up 3 per cent in afternoon trading. In Asia, Japan's Nikkei 225 rose 1.6 per cent in overnight trading.

 The GM bankruptcy filing came as a relief to markets, since it appears to be unfolding in an orderly fashion. The U.S. government will end up with about a 60 per cent stake in the auto manufacturer, which claimed $82.3-billion (U.S.) in assets but $172.8-billion in liabilities. The only larger failures have been Lehman Brothers Holdings Inc. and WorldCom Inc.

 Meanwhile, investors were also treated to some good economic news. China's manufacturing sector - a decent barometer for global economic activity - expanded for the third straight month in May.

 As well, U.S. consumer spending fell just 0.1 per cent in April, better than the expected 0.2 per cent dip and a far shallower drop that the 0.3 per cent contraction in March.

 In Canada, the economy contracted by 5.4 per cent in the first quarter - a nasty number and the worst since 1991. However, it is considerably better than the 6.5 per cent contraction that economists had been expecting. The economy contracted by a revised 3.7 per cent in the fourth quarter.

 If that's not enough to kick-start the benchmark index on Monday, rising commodity prices should do it. In particular, crude oil rose above $68 a barrel, nearly $2 higher.

Copyright 2001 The Globe and Mail