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.