The Blogger says...
"Cancer has taken my mother and my younger sister and it seems that every family is hit by this dreaded disease. Take some of those gains in the market in the last 10 weeks and help Cancer be beaten!
Alexander is my nephew, he is proof that Cancer can be beaten. Please make a small pledge to help him reach his goal this year!"
I am a survivor of acute lymphocytic leukemia. I was diagnosed with cancer when I was 2 1/2 and fought for 3 full years. I am now 16 and I have seen the reaches of cancer. It does not target the young or the old, the poor or the rich. It targets so many different people.
It's targeted my friends and family. I've seen it tear people apart leaving them in a state where you feel you could have no hope, but the thing is, as long as people are working and helping to find a cure there will always be hope.
Please pledge me and help make cancer history.
I am walking in this relay for people I love, people I miss, and people who I don't even know. To the people who have inspired me, thank you, now let's make cancer history!
Online pledging is secure and it saves the Society money by reducing administrative costs.
Thanks for your support!
Alexander
Wednesday, May 27, 2009
Alexander needs your help to beat Cancer
CLL Will Run Up On This News
Connacher announces pricing of equity offering
08:26 EDT Wednesday, May 27, 2009
CALGARY, May 27 /CNW/ - Connacher Oil and Gas Limited (the "Corporation" or "Connacher" - CLL - TSX) is pleased to announce that it has priced its previously announced public offering (the "Offering") of common shares (the "Common Shares"). Pursuant to the Offering, the Corporation will issue 166,750,000 Common Shares at a price of $0.90 per Common Share.
Ursa Major, Canadian Arrow explore merger this will triple on this Merger
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¢.
- 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.
Opti Canada momentum appears to be reversing
Opti Canada momentum appears to be reversing
Lou Schizas
Friday, May 22, 2009
Hi Lou,
I check on to tour the site daily. As usual it is very interesting and informative. Keep up the great work. I wanted to get your opinion on Opti Canada . Would this be a good time to buy Opti for the long run. They are partners with Nexen and rumoured to possibly be bought out.
Thank-you,
Steve
---
Hi Steve,
Opti Canada has been on fire since March 09,2009 when it traded around 61 cents. Opti is a story of a marathon runner hitting the wall at the 24th mile and having to dig deep to finish the race.
Opti has a 35 per cent non operating interest in the Long Lake Oil Sands project which is experiencing a drag in production start up. Nexen is the major partner and operator with a 65 per cent interest. Opti sold a 15 per cent stake in the project to Nexen in December of 2008 for $735 million to raise cash.
Opti has $1.75 billion in long term debt due in 2014 and needs to meet another cash call by September 30, 2009 to satisfy covenents of its $350 million line of credit.
Thats the financial risk. The reward is a 35 per cent interest in a 2.2 billion barrel reserve which when the project is fully operational will yield 20,000 barrels a day of black gold.
There is also operational risk. The problem in the start up has been attributed in water handling but some of the rumours suggest that there are problems with the reservoir. The Long Lake project has taken longer than forecast and also had to carry higher cost.opc
The chart indicates a stock that got a good lift from the market rally and a further push on takeover speculation. The RSI indicates that the stock got overbought and has pulled back. MACD is also signalling a reversal.
If you are going to enter a position you want to confirm support at $3.00 if it doesnt hold there $2.50 offers support. The current chart seems to be forming a double top which is a reversal pattern which after a run from 61 cents it wouldnt come as a big surprise if some investors are going to take some cash off the table.
Happy Capitalism!
Lou Schizas
Have your own question for Lou?
Visit his website
Alexander needs your help
I am a survivor of acute lymphocytic leukemia. I was diagnosed with cancer when I was 2 1/2 and fought for 3 full years. I am now 16 and I have seen the reaches of cancer. It does not target the young or the old, the poor or the rich. It targets so many different people.
It's targeted my friends and family. I've seen it tear people apart leaving them in a state where you feel you could have no hope, but the thing is, as long as people are working and helping to find a cure there will always be hope.
Please pledge me and help make cancer history.
I am walking in this relay for people I love, people I miss, and people who I don't even know. To the people who have inspired me, thank you, now let's make cancer history!
Online pledging is secure and it saves the Society money by reducing administrative costs.
Thanks for your support!
Alexander
Tuesday, May 26, 2009
The TSX Today and Pescod Speaks...
After a disappointing start on Tuesday following the release of the S&P/Case-Shiller home price index, the Conference Board released its consumer confidence index for May. Economists had expected a small step in the right direction, but what they got was a great leap: The index rose to 54.9 from 39.2.
With glimpses of a robust consumer in their minds, investors jumped at stocks minutes after the index reading was released. The Dow Jones industrial average closed at 8473.49, up 196.17 points or 2.4 per cent. The broader S&P 500 closed at 910.33, up 23.33 points or 2.6 per cent.
It was the first gain for U.S. stock market indexes in five trading days and the second biggest upward move since major indexes stalled after hitting a rebound-high on May 8. However, the S&P 500 remains 2 per cent below its May 8 high.
Of course, improving consumer confidence might translate into more consumer spending, so it should come as no surprise to hear that stocks directly tied to discretionary spending enjoyed some of the biggest gains. American Express Co. rose 5 per cent, Home Depot Inc. rose 4.1 per cent and Walt Disney Co. rose 3.5 per cent.
Meanwhile, who needs steady performers like Coca-Cola Co.? The defensive stock was one of two stocks in the 30-member Dow to end the day lower, falling 0.2 per cent. (Bank of America Corp. was the other, falling 0.8 per cent, even as JPMorgan Chase & Co. rose 6.2 per cent.)
In Canada, the S&P/TSX composite index closed at 10,285.90, up 216.4 points or 2.2 per cent.
Financials were the biggest movers, after Bank of Montreal reported second quarter results that topped analysts' expectations after certain one-time items were excluded. BMO rose 5.2 per cent, Toronto-Dominion Bank rose 6 per cent and Bank of Nova Scotia rose 5.5 per cent.
Research In Motion Ltd. was also a big mover, rising 5 per cent.
Commodity producers were mixed. Suncor Energy Inc. rose 2.7 per cent and EnCana Corp. rose 1.5 per cent, but Canadian Oil Sands Trust fell 1.3 per cent after the price of crude oil rose to $62.45 (U.S.) a barrel, up 78 cents. As well, Barrick Gold Corp. fell 3.7 per cent after the price of gold fell to $953.30 an ounce, down $5.60.
Copyright 2001 The Globe and Mail
Merger Cro and Ursa Major Minerals Pending
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¢.
- 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.
Posts
