PDP-T - Retail Fools Selling To Smart Money

The 4 Top Buying Houses Are Pro Traders

The Largest Sellers Are Retail Based Bank Trades

RBC,BMO,National Bank

Anonymouse is just dragging down the price so that Pro Traders Can Absorb Shares

All Markets Are Down ToDay Includes Oil

Thomas Weisel Is A Net Buyer in the Last 30 Days Of 147,900 Shares or Net $444,855.00

Do you think they are buying because they have fear of a dry hole or a failed sale of Argentina Assetts.

Give your head a shake your eyes are stuck.

Anonymous is manipulating the stock down while Weisel absorbs shares at lower prices.

The game Weisel is playing is working perfectly.

They are causing sheeple to sell while absorbing shares cheap.

The great news is pending and the smart money is causing the stock to fall to allow them to swallow up cheap shares.
The sheeple are getting sheared ahead of the news, this is a suckers paradise.
Did you sell?
You should be buying every share you can get your hands on!

Buy Now And Thank Me Later

Use this weakness to accumulate more stock, retail sheep are being fleeced for their shares
They bought High and are now selling low, typical sheeple shearing, thats why retail small buyers never make any money, they sell when they should be buying!

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 bidsrelatedto thepotentialpurchase of its Argentinean operations toJuly10 at therequestof anumber of interested parties. It also saidtesting of itsLaPintaNo. 1well on the Sierra Nevada License inColombia isexpectedtostartSaturday.

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 LimitedisaCalgary-basedcrudeoil and natural gas exploration,developmentandproductioncompanyactive in South America. Petroliferaholdsinterestsinapproximatelyeight million acres of petroleum andnaturalgas rightsinten onshoreconcessions or licenses in Argentina

ConnacherOilandGasLimited of Calgary, Alberta was responsible forthecreationandfinancingof Petrolifera and owns 24 percentofPetrolifera'sshares.Connacher alsoprovides some managementservicesto Petrolifera.

Board of Directors

Richard A. Gusella
Executive Chairman

Gary D. Wine
President and Chief Operating Officer

Interesting Stats

Source Of This Report

Petrolifera Petroleum Limited Oil & Gas Exploration and Production Operations and Cost Analysis – 2008 (Global Data)

* Market: Energy and Utilities
* Published Date: 19/06/2009
* Report Title: Petrolifera Petroleum Limited Oil & Gas Exploration and Production Operations and Cost Analysis – 2008
* View Report Summary: View Report Summary
* Report Type: Market Report
* Country: Global
* Number of Pages: 44

Pescod Says...

Energy stocks send TSX lower, oil falls for fifth day

Energy stocks send TSX lower, oil falls for fifth day; N.Y. also declines
11:12 July 7, 2009, EDT.
(Canadian Press)


TORONTO - The Toronto stock market found it tough to find footing at mid-morning on Tuesday as crude prices continued to lose ground amid demand concerns.

The S&P/TSX composite index dropped 49.1 points to 9,978.3 on top of steep losses on Monday.

The main index fell 256 points or 2.5 per cent as investors continued to react to last Thursday's much worse than expected U.S. employment report for June, which cast further doubt on an economic recovery being in place by the end of the year.

On Tuesday morning, the energy sector lost early headway to move another 0.7 per cent lower as the August crude contract on the New York Mercantile Exchange fell $1.14 to US$62.91 a barrel. Crude prices are down for a fifth day and are down almost nine per cent since the beginning of the month.

The drop in the price of crude has sent stocks falling as investors anticipate that a weaker world economy will mean less demand for energy.

Suncor Inc. (TSX:SU) declined 32 cents to $30.53.

The Canadian dollar moved down 0.03 of a cent to 86.24 cents US amid positive news from the housing sector.

Statistics Canada reported construction intentions were up 14.8 per cent from April, due to gains in both residential components and two of the three non-residential components. The value of permits surpassed the $5-billion mark in May for the first time since last October.

The TSX Venture Exchange was ahead 9.15 points to 1,073.78.

New York markets were weak.

The Dow Jones industrial average lost 63.4 points to 8,261.5. The Nasdaq composite index was down 14.19 points to 1,773.21 while the S&P 500 dipped 6.85 points to 891.85.

Investors have become more tentative in recent weeks after the market's spring rally, which sent indexes as high as about 40 per cent. Some fear they might have been too optimistic in March and April about how soon the economy might recover from the recession.

"Our view is that the economy is still in a precarious state," said Ben Halliburton, chief investment officer of Tradition Capital Management in Summit, N.J.

"The weak consumer, driven by very high unemployment, destroyed wealth and unavailable credit is going to continue to be a major drag on the U.S. economy."

Investors are also looking to Wednesday's kickoff of the U.S. second-quarter earnings season. Aluminum maker Alcoa Inc. is expected to post a second-quarter loss of 37 cents per share. In the same period a year earlier, Alcoa earned 66 cents per share on revenue of US$7.6 billion.

Elsewhere on the Toronto market, the industrials sector was down one per cent as Canadian Pacific Railroad (TSX:CP) fell $1.51 to $41.57.

The base metals sector was flat as the price of copper edged two cents lower to US$2.23 a pound.

The August bullion contract on the Nymex inched 20 cents higher to US$924.50 an ounce.

The financial sector was off 0.55 per cent. Sun Life Financial Inc. (TSX:SLF) gave back 42 cents to $29.24.

Manulife Financial Corp. (TSX:MFC) shares rose 22 cents to $19.29 after the insurance giant said Monday it would issue $1 billion in notes to boost its Tier 1 capital.

Shares in drugstore chain The Jean Coutu Group (TSX:PJC.A) were ahead 30 cents to $9.68 after the company said that quarterly net earnings came in at $10.3 million, or four cents per share, reversing year-earlier losses of $20.2 million or eight cents per share.

The profits came despite a loss of $30.9 million or 13 cents per share from its stake in Rite Aid, a U.S. drugstore business in which the company owns a stake.

In other corporate news, timber giant Weyerhaeuser, which has been losing money because of the moribund U.S. housing market, is cutting its quarterly dividend to five cents US from 25 cents.

The Federal Way, Wash., company, which lost more than US$1 billion in the last quarter, cut its dividend to 25 cents from 60 cents in December 2008.

Struggling U.S. automotive parts supplier Lear Corp. (NYSE:LEA) has filed for Chapter 11 bankruptcy protection after receiving the support it needed from lenders and bondholders.

Lear, based in Southfield, Mich., said its subsidiaries outside the U.S. and Canada are not part of the filings. The company has locations in five Ontario cities - Ajax, Kitchener, St. Thomas, Whitby and Windsor.

Thomson Reuters Corp. (TSX:TRI) has bought Streamlogics, a privately held webcasting firm. Terms of the deal for Toronto-based Streamlogics were not undisclosed. Thomson Reuters shares were off 31 cents to $33.11.



Shares in cable companies were mixed after the CRTC opened the door for a system of payments from those operators to broadcasters, known as carriage fees. The CRTC wants broadcasters and cable companies to negotiate what the payment should be. If that doesn't work, the two sides would go to arbitration. Shaw Communications (TSX:SJR.B) declined 34 cents to $18.51 while Rogers Communications (TSX:RCI.B) added four cents to $29.46.

Overseas, Japan's Nikkei 225 stock average was down 18.11 points, or 0.2 per cent, at 9,662.76.

Hong Kong's Hang Seng gained 117.67, or 0.7 per cent, to 18,097.09 as a Chinese central bank researcher said China's economy is improving and growth might top 7.5 per cent for the quarter that ended in June.

London's FTSE 100 index was up 0.38 per cent, Frankfurt's DAX was off 0.7 per cent while the Paris CAC 40 slid 0.6 per cent.

Markets Weak July Seasonal Low Volumes = Down Day

Weak open for stocks TheStar.com - Business - Weak open for stocks

July 07, 2009

THE CANADIAN PRESS

The Toronto stock market could be in for a slightly higher open following a commodity-stock led tumble as oil prices headed slightly higher.

The main TSX index fell 256 points or 2.5 per cent Monday as investors continued to react to last Thursday's much worse than expected U.S. employment report for June, which cast further doubt on an economic recovery being in place by the end of the year.

The slide was led by a retreat of almost four per cent in the energy sector as crude prices retreated for a fourth session. On Tuesday morning, the August crude contract on the New York Mercantile Exchange rose 28 cents to US$64.33 a barrel, still down sharply from last week's highs

The drop in the price of crude has sent stocks falling as investors anticipate that a weaker world economy will mean less demand for energy.

The Canadian dollar moved up 0.12 of a cent to 86.39 cents US.

New York futures pointed to a weak open, Asian stocks moved lower while European bourses made headway.

Dow Jones industrial average futures rose eight points to 8,285. Standard & Poor's 500 index futures slipped 1.6 points to 893.9, while Nasdaq 100 index futures gained 2.5 points to 1,443.5.

In Japan, the Nikkei 225 stock average was down 18.11 points, or 0.2 per cent, at 9,662.76.

Hong Kong's Hang Seng gained 117.67, or 0.7 per cent, to 18,097.09 as a Chinese central bank researcher said that China's economy is improving and growth might top 7.5 per cent for the quarter that ended in June.

Growth is benefiting from Beijing's stimulus spending and rising investment and consumption, said Zhang Jianhua, chief of the bank's research bureau, in an article in the July issue of the bank's magazine, China Finance.

London's FTSE 100 index was up 0.8 per cent, Frankfurt's DAX rose 0.77 per cent while the Paris CAC 40 added 0.18 per cent.

Other commodity prices moved higher as copper gained three cents to US$2.28 a pound while the August bullion contract on the Nymex advanced $5.20 to US$929.50 an ounce.

Toronto investors will be looking to pharmacy chain operator The Jean Coutu Group (TSX: PJC.A) at the open. The company said Tuesday that quarterly net earnings came in at $10.3 million, or four cents per share, reversing year-earlier losses of $20.2 million or eight cents per share.

The profits came despite a loss of $30.9 million or 13 cents per share from its stake in Rite Aid, a U.S. drugstore business in which the company owns a stake.

In other corporate news, struggling U.S. automotive parts supplier Lear Corp. (NYSE: LEA) has filed for Chapter 11 bankruptcy protection after receiving the support it needed from lenders and bondholders.

Lear, based in Southfield, Mich., said its subsidiaries outside the U.S. and Canada are not part of the filings. The company has locations in five Ontario cities – Ajax, Kitchener, St. Thomas, Whitby and Windsor.

Manulife Financial Corp. (TSX: MFC) said Monday it would issue $1 billion in notes to boost its Tier 1 capital. The insurance company said the interest rate on the notes, which will be due Dec. 31, 2108, will be fixed at 7.405 per cent per year and starting on Dec. 31, 2019, and on every fifth anniversary after that, will be reset.

Thomson Reuters Corp. (TSX: TRI) has bought Streamlogics, a privately held webcasting firm. Terms of the deal for Toronto-based Streamlogics were not undisclosed.

Investors are also looking to Wednesday's kickoff of the U.S. second quarter earnings season. Aluminum maker Alcoa Inc. is expected to post a second-quarter loss of 37 cents per share. In the same period a year earlier, Alcoa earned 66 cents per share on revenue of US$7.6 billion.

08:51ET 07-07-09

TSX plunges as commodity prices fall

TSX plunges as commodity prices fall


FINANCIAL POSTJULY 6, 2009


Stocks around the world fell Monday largely on skepticism over prospects for an economic recovery any time soon, and the Toronto Stock Exchange fell exceptionally hard as commodity stocks were down in line with resource prices.

The S&P/TSX composite index at midday was down about 305 points, or 2.9 per cent, at 9,980, with energy, materials and financials leading the decline.

On the New York Mercantile Exchange, crude oil was down $2.53 to $64.20 U.S. a barrel. Gold was off $8 to $923 U.S. an ounce. A number of other commodity prices, including natural gas and copper, were also in decline.

The Canadian dollar was up four basis points to 86.12 cents U.S..

Companies will soon be reporting earnings from the second quarter, and there expectations for big profitability declines.

Also, comments over the weekend by U.S. Vice-President Joe Biden indicated the Obama administration "misread the economy" when it predicted unemployment in that country would peak at eight per cent. Last week, it was learned that the jobless rate hit 9.5 per cent in June.

U.S. markets were down as well Monday by midday, but not to the degree as in Canada. The Dow Jones industrial average fell about 30 points, or 0.4 per cent, to 8,230. The Nasdaq composite index was down around 25 points, or 1.3 per cent, to 1,775.

Overseas markets also fell Monday.

On Friday, the S&P/TSX ended the day up 37.19 points or 0.36 per cent, to close at 10,283.1. Markets were closed in the U.S. in lieu of Independence Day.

© Copyright (c) The Calgary Herald

PDP Technicals Alert To Buy Now, During The Cone Of Silence Period

How do you spend $2-trillion (U.S.)? Very slowly.

Karim Bardeesy

Globe and Mail Update Last updated on Saturday, Jul. 04, 2009 04:13AM EDT

How do you spend $2-trillion (U.S.)? Very slowly.

China's massive foreign currency reserves place it in an enviable position compared with other debt-ridden, import-dependent economies. But China's economy has slowed, it is worried about a depreciating U.S. dollar, and its trading partners are irritated that the country is keeping its own currency, the yuan, undervalued. So China is starting to move its $2-trillion in currency reserve savings – of which around two-thirds are denominated in U.S. dollars – into the real economy.

That's easier said than done. And it's not always in China's interests to do so.

China Investment Corp.'s (CIC) purchase of a 17.2-per-cent stake in Teck Resources Ltd. for $1.74-billion (Canadian) is just one in a series of recent investments by Chinese-run companies in foreign commodity producers. The deal comes just a week after Sinopec, China's largest oil refiner, agreed to buy Toronto-listed Addax Petroleum Corp. for $7.24-billion.

CIC manages only about one-10th of China's foreign assets. The biggest player is the People's Bank of China, the country's central bank.

China's holdings are so large – the next largest holder of foreign currency reserves, Japan, has around $1-trillion (U.S.) – that any moves it makes will have an impact on global markets. That's why, as much as it may want to diversify, it can't afford to do it quickly.

“It's a sort of financial Catch-22. They want to sell their U.S. dollars, but doing so reduces its value,” said Randall Morck of the University of Alberta.

Zhou Xiaochuan, head of China's central bank, wrote last week that the country is looking for a new global “reserve” currency that is more stable in the long term than the U.S. dollar. That would increase the bank's confidence that it can start safely shedding some of its foreign reserve holdings like U.S. Treasury bills with minuscule yields.

“There is an increasing suggestion from the government and Chinese think tanks to diversify [reserves] into equity investments. They want safety, but they also want a reasonable rate of return,” said Kenny Zhang of the Asia-Pacific Foundation, a think tank based in Vancouver.It's hard for the central bank to invest directly in companies. It can increase Chinese investment abroad and decrease reserves by facilitating lending to its major commercial banks and cutting interest rates.

There's also a way to unlock money by spending it at home. The Chinese savings rate has been very high of late – standing at 54.4 per cent of gross domestic product in 2006. The government has introduced a $586-billion stimulus package to spur the domestic economy. This inward focus can increase the appetite for foreign acquisitions.

“The Chinese are concerned about the future availability of various minerals and oil for their economy. They are attempting to lock in secure supplies by buying stakes in resource companies everywhere,” Prof. Morck said.

The country is diversifying, but slowly. The U.S. government reported in April that despite a record trade surplus for China of $114.3-billion in the fourth quarter of last year, China's foreign reserves grew by only $40.4-billion – suggesting that it was deploying some of its excess reserves abroad.

But it would take a lot of $1.7-billion deals, even if that's large to recipients like Teck, to make a major dent in China's stash of greenbacks.

TECK:$1.74-billion deal provides cash-strapped Tech

China's hunger for resources bolsters Teck

Donald Lindsay, president and chief executive officer of Teck Resources in his office on Burrard Street in Vancouver.

$1.74-billion deal provides cash-strapped Canadian firm with strategic partnership

China's unyielding appetite for commodities pushed Teck Resources Ltd. (TCK.B-T19.991.498.05%) and its CEO Don Lindsay into a near-death debt fiasco. Now, the Asian economic superpower is digging them out.

In May of 2008, Mr. Lindsay led a group of Teck directors to Shanghai where they witnessed China's economic explosion in full swing. The board members were so awed by the building boom they became converts to the notion that Chinese metals demand would remain strong for years to come.

Weeks later, they gave Mr. Lindsay the green light to go ahead with the $14-billion (Canadian) acquisition of Fording Coal – the top-of-the-market takeover that would leave Teck drowning in $9.8-billion (U.S.) in debt as the global economy collapsed.

Yesterday, China came to Teck's rescue, the final step in the copper, coal and zinc miner's self-titled “12-step plan” to kick its leverage problem and repair its balance sheet.

Teck unveiled a $1.74-billion (Canadian) private stock sale that will give China a 17.2-per-cent stake in Canada's largest base metals company.

The deal, struck with the hulking $200-billion (U.S.) sovereign wealth fund China Investment Corp. (CIC), will provide Teck with sorely needed cash to largely eliminate its crushing short-term debt load and a strategic partnership with the world's dominant commodity buyer.

“If you think about the market for our core products, China is obviously the single most important country by far in terms of demand. So getting a Chinese strategic investor was top of the list,” Mr. Lindsay said.

The Teck CEO expects CIC will help his company increase its coal sales to China, a key pillar in the company's strategic plan. Mr. Lindsay also said that China may help Teck fund development projects including a pair of its copper mines in Chile. Teck is also a partner in the Fort Hills oil sands project in Alberta that has suffered from staggering cost inflation and China could help Teck fund its share of the project.

As the world economy has slipped deeper into recession and crimped metals demand, China has moved aggressively to buy resource assets and secure access to copper, oil, iron ore and coal.

Despite the recent collapse of state-controlled Aluminum Corp. of China's (Chinalco) proposed $19.5-billion (U.S.) investment in Rio Tinto PLC (another miner riddled with debt as a result of a top-of-the-market takeover), China's Commerce Ministry said earlier this month that it will continue with its so-called “go abroad” investment policy.

Through various state entities, China has plowed billions into resources in the past eight months, including oil in West Africa and Iraq, zinc in Australia and iron ore in Canada. With the vast majority of its holdings in U.S. dollar-backed investments, China is looking for diversification with the resource deals.

“They are a deep-pocketed partner. I don't know if they are the deepest pocket in the world but it is pretty close … they are clearly shifting out of U.S. Treasuries into hard assets. This is just one step in that,” Mr. Lindsay said.

Several international mining firms were interested in taking a similar size stake in Teck but were rejected in favour of CIC and China. Mr. Lindsay believes the rival miners were interested in the stock as a precursor to a takeover. “That was something that was never going to be on the table,” he said.

CIC intends to be a “long-term passive financial investor” and will not take a seat on the board. The deal underscores China's expectation of continued demand for metals and Teck expects to tap its new partner for insight into the state of the Chinese economy.

CIC chairman and CEO Lou Jiwei, who signed the deal for CIC this week, is a member of China's government cabinet.

“We addressed him as ‘your Excellency.' He's one of the key people in the country,” Mr. Lindsay said.

Despite shareholder dilution, analysts and investors generally applauded the proposed transaction that will give CIC a 6.7-per-cent voting interest in Teck. The company's class B shares jumped 8 per cent yesterday on the TSX. Once the transaction is completed, the company's A class shareholders, which are dominated by the family of Teck chairman Norman Keevil and Japan's Sumitomo Metal Mining Co. Ltd., will hold a 61.8-per-cent voting interest down from 66 per cent.

In a report to clients, BMO Nesbitt Burns analyst Tony Robson said he was “surprised” by the CIC deal as Teck had previously stated it wasn't planning an equity issue.

However, the analyst viewed the transaction as positive because of the $1.5-billion in proceeds from the stock sale that Teck intends to put toward debt reduction.

“With recent asset sales, today's move has done much to correct the former severely weakened balance sheet,” Mr. Robson said in the report.

The CIC deal marks the final hurdle in an aggressive debt reduction plan hatched by Mr. Lindsay and other Teck executives at the depths of the market meltdown last November.

Teck has cut its dividend, laid off workers, sold $1.5-billion (U.S.) in assets, restructured its loans, cut capital spending and issued $4.2-billion (U.S.) in junk bonds to raise cash to reduce the loans from the Fording deal.

A former investment banker, Mr. Lindsay said he scribbled down the 12 steps comprising the plan on a note pad that is still sitting on the desk in his Vancouver home office.

“All along this was the last step. We hoped to get this strategic partnership with China and we did. So a lot of us are going on vacation now.”

B.C. pipeline bombed for sixth time EnCana spokeswoman confirms bomb went off early Saturday morning, less than a kilometre from site of Thursday's e

For the sixth time in nine months, and the second time in three days, a bomb has exploded near EnCana's natural gas pipeline in northeastern British Columbia.

The blast early Saturday morning took place less than a kilometre from where EnCana workers were trying to cap a gas well damaged in an explosion Thursday.

“Our crews were at the wellhead site, where they were working to stop the gas leak,” EnCana spokeswoman Rhona DelFrari said from Calgary.

“Around 2:30 in the morning they heard a loud bang, so they immediately went to the spot where they thought it was and that's where they discovered the explosion at the pipeline.”

The Mounties are labelling the bombings as domestic terrorism and have flown in a unit of its Integrated National Security Enforcement Team to investigate.

RCMP spokesman Corporal Dan Moskaluk said the EnCana crew, as well as a nearby resident, reported the explosion.

The blast caused a brief leak of potentially toxic sour gas but the pipeline's control system sensed the drop in pressure and triggered emergency shutdown valves to isolate that portion of the line.

It's not clear whether the EnCana repair crew was downwind of the leak but Cpl. Moskaluk said no one was hurt.

Some nearby residents evacuated their homes when they heard the blast, said Ms. DelFrari, but it was unnecessary.

The small amount of leaked sour gas dissipated instantly, she said, and tests of the air showed no signs of hydrogen sulphide, which can kill in small quantities.

“So there was no risk to the public,” said Ms. DelFrari.

It's the sixth bombing against EnCana gas-transmission facilities since October.

The bombings have all taken place along a 15-to-20-kilometre stretch of the pipeline near Pouce Coupe, just south of Dawson Creek on the B.C.-Alberta border about 1,050 kilometres northeast of Vancouver.

The string of unsolved bombings has left Pouce Coupe, which has less than 800 residents, edgy and suspicious.

“This is an attack on the entire community now,” said Ms. DelFrari. “This isn't just an attack on EnCana as a corporation. This person is putting everyone's lives in risk right now.”

Police suspect the bomber is someone who has a grudge against EnCana and who perhaps lives in the area.

The attacks began with three bombings shortly after a letter was sent to a Dawson Creek newspaper and to EnCana. It labelled oil and gas companies terrorists and demanded EnCana stop natural gas development in the area.

There was another explosion in January, then none until this week.

Most have targeted wells or pipelines carrying sour gas.

Cpl. Moskaluk said though no one has been hurt yet, the bombings have created stress in Pouce Coupe, as well as nearby Dawson Creek, which depends economically on energy development.

“Many have been questioned, many have been brought in for interviews,” he said.

“They're all looking at one another. You can imagine how that's eating away at people.”

Cpl. Moskaluk said police won't be releasing information on the type of explosives used or the bombs' construction. He could not say if the latest bomb had been planted before or after Thursday's blast.

He said police hope this sixth attack will trigger some tips to help them catch the bomber.

I think if somebody comes forward then I think there's a little bit of strength in numbers,” said Cpl. Moskaluk.

EnCana has offered a $500,000 reward for information and set up a special phone line for the bomber to call them but so far it hasn't rung.

Meanwhile, EnCana is maintaining bolstered, 24-hour security along the pipeline. But Ms. DelFrari admitted there's no way to ensure the bomber doesn't strike again.

“Let's face it, it's hard to patrol hundreds of kilometres of pipeline and we have about 150 wells in the Dawson area,” she said.

PDP Report Released Given a Buy Rating June 30 2009

Source Of This Report

Petrolifera Petroleum Limited Oil & Gas Exploration and Production Operations and Cost Analysis – 2008 (Global Data)

* Market: Energy and Utilities
* Published Date: 19/06/2009
* Report Title: Petrolifera Petroleum Limited Oil & Gas Exploration and Production Operations and Cost Analysis – 2008
* View Report Summary: View Report Summary
* Report Type: Market Report
* Country: Global
* Number of Pages: 44

Key Information 1
Key Ratios 1
Table Of Contents 2
List of Tables 3
List of Figures 4
Petrolifera Petroleum Limited, Production and Reserves Trends 6
Total Oil and Gas, Reserves and Production 6
Total Crude Oil and Natural Gas Production and Reserves Trend, 2003-08 6
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2003-08 7
Total Crude Oil and Natural Gas Reserve Changes, 2003-08 8
Crude Oil/Liquids Production and Reserve 9
Crude Oil/Liquids Production and Reserve Trend, 2003-08 9
Crude Oil Production and Reserves By Country/Region, 2003-08 10
Crude Oil/Liquids Reserve Changes, 2003-08 11
Natural Gas Production and Reserve 12
Natural Gas Production and Reserve Trend, 2003-08 12
Natural Gas Production and Reserves, By Country/Region, 2003-08 13
Natural Gas Reserve Changes, 2003-08 14
Total Crude Oil and Natural Gas Reserves Life Index 15
Total Crude Oil and Natural Gas Reserves Life Index, 2003-08 15
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2003-08 16
Petrolifera Petroleum Limited, E&P Costs Trends 18
Allocation of the Upstream Capital Expenditure 18
Upstream Capital Expenditure, 2003-08 18
Acquisition Costs By Country/Region, 2003-08 19
Exploration and Development Costs, By Country/Region, 2003-08 20
Oil and Gas Cost Per Boe, $/boe 21
Oil and Gas Cost Per Boe, $/boe, 2003-08 21
Oil and Gas Cost Per Boe, $/boe, By Country/Region, 2003-08 22
Petrolifera Petroleum Limited, Reserve Replacement Ratio 24
Oil and Gas Production Replacement Ratio 24
Oil and Gas Production Replacement Ratio, 2003-08 24
Oil and Gas Production Replacement Ratio, By Country/Region, 2003-08 25
Petrolifera Petroleum Limited, Results of Oil & Gas Operations Trend 29
Oil and Gas Revenue and Expenses 29
Oil and Gas Revenue and Expenses, 2003-08 29
Oil and Gas Revenue and Expenses, By Country/Region, 2003-08 29
Oil and Gas Revenue and Expenses, Per Boe 30
Oil and Gas Revenue and Expenses, By Boe, 2003-08 30
Oil and Gas Revenue and Expenses Per Boe, By Country/Region, 2003-08 30
Petrolifera Petroleum Limited, Land Holdings and Well Data 31
Developed and Undeveloped Acreage 31
Gross and Net Developed and Undeveloped Acreage, 2003-08 31
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2003-08 32
Well Statistics 33
Producible Oil and Gas Well, 2003-08 33
Producible Oil and Gas Well, By Country/Region, 2003-08 34
Exploration and Development Wells Drilled, 2003-08 38
Exploration and Development Wells Drilled, By Country/Region, 2003-08 39
Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2003-08 39
Developed Reserves per Well, By Country/Region, 2003-08 40
Appendix 42
Methodology 42
Coverage 42
Secondary Research 43
Primary Research 43
Key Economic Assumptions 43
Expert Panel Validation 43
Unit Of Measure 44
Disclosure information 44
About GlobalData 44
Contact Us 44
Disclaimer 44


List of Tables
Petrolifera Petroleum Limited, Key Facts 1
Petrolifera Petroleum Limited, Key Ratios 1
Petrolifera Petroleum Limited, Key Costs Per Boe, $/boe, 2008 1
Petrolifera Petroleum Limited, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2003-08 6
Petrolifera Petroleum Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2003-08 7
Petrolifera Petroleum Limited, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2003-08 8
Petrolifera Petroleum Limited, Crude Oil Production and Reserves Metrics, MMbbl, 2003-08 9
Petrolifera Petroleum Limited, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2003-08 10
Petrolifera Petroleum Limited, Crude Oil Reserve Changes, MMbbl, 2003-08 11
Petrolifera Petroleum Limited, Natural Gas Production and Reserves Metrics, Bcf, 2003-08 12
Petrolifera Petroleum Limited, Natural Gas Production and Reserves, By Country/Region, Bcf, 2003-08 13
Petrolifera Petroleum Limited, Natural Gas Reserve Changes, Bcf, 2003-08 14
Petrolifera Petroleum Limited, Oil and Gas Reserves Life Index, Years, 2003-08 15
Petrolifera Petroleum Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2003-08 17
Petrolifera Petroleum Limited, Upstream Capital Expenditure, $ Million, 2003-08 18
Petrolifera Petroleum Limited, Proved and Unproved Acquisition Costs, By Country/Region, $ Million, 2003-08 19
Petrolifera Petroleum Limited, Exploration and Development Costs, By Country/Region, $ Million, 2003-08 20
Petrolifera Petroleum Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per Boe, $/boe, 2003-08 21
Petrolifera Petroleum Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per Boe, $/boe, By Country/Region, 2003-08 23
Petrolifera Petroleum Limited, Oil and Gas Production Replacement Ratio, %, 2003-08 24
Petrolifera Petroleum Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2003-08 28
Petrolifera Petroleum Limited, Revenue and Expenses, $ Million, 2003-08 29
Petrolifera Petroleum Limited, Revenue and Expenses, By Country/Region, $ Million, 2003-08 29
Petrolifera Petroleum Limited, Oil and Gas Revenue and Expenses, $/Boe, 2003-08 30
Petrolifera Petroleum Limited, Oil and Gas Revenue and Expenses, $/Boe, By Country/Region, 2003-08 30
Petrolifera Petroleum Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2003-08 31
Petrolifera Petroleum Limited, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2003-08 32
Petrolifera Petroleum Limited, Producible Oil and Gas Wells, 2003-08 33
Petrolifera Petroleum Limited, Producible Oil and Gas Wells, By Country/Region, 2003-08 37
Petrolifera Petroleum Limited, Exploratory and Developed Wells, 2003-08 38
Petrolifera Petroleum Limited, Exploratory and Developed Wells, By Country/Region, 2003-08 39
Petrolifera Petroleum Limited, Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2003-08 39
Petrolifera Petroleum Limited, Developed Reserves per Well, By Country/Region, Mboe per Well, 2003-08 41


List of Figures
Petrolifera Petroleum Limited, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2003-08 6
Petrolifera Petroleum Limited, Total Oil & Gas Production, By Country/Region, MMBOE, 2003-08 7
Petrolifera Petroleum Limited, Total Proved Oil & Gas Reserves, By Country/Region, MMBOE, 2003-08 7
Petrolifera Petroleum Limited, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2008 8
Petrolifera Petroleum Limited, Crude Oil Production and Reserves Metrics, MMbbl, 2003-08 9
Petrolifera Petroleum Limited, Oil Production, By Country/Region, MMbbl, 2003-08 10
Petrolifera Petroleum Limited, Total Proved Oil Reserves, By Country/Region, MMbbl, 2003-08 10
Petrolifera Petroleum Limited, Crude Oil Reserve Changes, MMbbl, 2008 11
Petrolifera Petroleum Limited, Natural Gas Production and Reserves Metrics, Bcf, 2003-08 12
Petrolifera Petroleum Limited, Gas Production, By Country/Region, Bcf, 2003-08 13
Petrolifera Petroleum Limited, Total Proved Gas Reserves, By Country/Region, Bcf, 2003-08 13
Petrolifera Petroleum Limited, Natural Gas Reserve Changes, Bcf, 2008 14
Petrolifera Petroleum Limited, Oil and Gas Reserves Life Index, Years, 2003-08 15
Petrolifera Petroleum Limited, Gas Reserve Life Index, By Country/Region, Years, 2003-08 16
Petrolifera Petroleum Limited, Oil & Gas Reserve Life Index, By Country/Region, Years, 2003-08 16
Petrolifera Petroleum Limited, Oil Reserve Life Index, By Country/Region, Years, 2003-08 17
Petrolifera Petroleum Limited, Upstream Capital Expenditure, $ Million, 2003-08 18
Petrolifera Petroleum Limited, Proved Acquisition Costs, By Country/Region, $ Million, 2003-08 19
Petrolifera Petroleum Limited, Unproved Acquisition Costs, By Country/Region, $ Million, 2003-08 19
Petrolifera Petroleum Limited, Development Costs, By Country/Region, $ Million, 2003-08 20
Petrolifera Petroleum Limited, Exploration Costs, By Country/Region, $ Million, 2003-08 20
Petrolifera Petroleum Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per Boe, $/boe, 2003-08 21
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Oil & Gas Finding & Development Cost per boe, By Country/Region, $/BOE, 2003-08 22
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Oil & Gas Finding Cost per boe, By Country/Region, $/BOE, 2003-08 22
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Reserve Replacement Cost per boe, By Country/Region, $/BOE, 2003-08 23
Petrolifera Petroleum Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2003-08 24
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2003-08 25
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2003-08 25
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2003-08 26
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2003-08 26
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2003-08 27
Petrolifera Petroleum Limited, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2003-08 27
Petrolifera Petroleum Limited, Revenue and Expenses, $ Million, 2003-08 29
Petrolifera Petroleum Limited, Oil and Gas Revenue and Expenses, $/Boe, 2003-08 30
Petrolifera Petroleum Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2003-08 31
Petrolifera Petroleum Limited, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2003-08 32
Petrolifera Petroleum Limited, Total Net Undeveloped Acreage, By Country/Region, Acres, 2003-08 32
Petrolifera Petroleum Limited, Producible Oil and Gas Wells, 2003-08 33
Petrolifera Petroleum Limited, Gross Producible Gas Wells, By Country/Region, Number, 2003-08 34
Petrolifera Petroleum Limited, Gross Producible Oil & Gas Wells, By Country/Region, Number, 2003-08 34
Petrolifera Petroleum Limited, Gross Producible Oil Wells, By Country/Region, Number, 2003-08 35
Petrolifera Petroleum Limited, Net Oil & Gas Wells as % of Gross Oil & Gas Wells, By Country/Region, %, 2003-08 35
Petrolifera Petroleum Limited, Net Producible Gas Wells, By Country/Region, Number, 2003-08 36
Petrolifera Petroleum Limited, Net Producible Oil & Gas Wells, By Country/Region, Number, 2003-08 36
Petrolifera Petroleum Limited, Net Producible Oil Wells, By Country/Region, Number, 2003-08 37
Petrolifera Petroleum Limited, Exploratory and Developed Wells, 2003-08 38
Petrolifera Petroleum Limited, Developed Gas Reserves per Well (MMcf per Well), By Country/Region, 2003-08 40
Petrolifera Petroleum Limited, Developed Oil & Gas Reserves per Well (Mboe per Well), By Country/Region, 2003-08 40
Petrolifera Petroleum Limited, Developed Oil Reserves per Well (Mbbls per Well), By Country/Region, 2003-08 41

Petrolifera Tgt Raised To C$3.50 From C$2.10 By Scotia >

Petrolifera Tgt Raised To C$3.50 From C$2.10 By Scotia >PDP.T
10:38am ET (Dow Jones Newswires)

(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)

07-02-09 1038ET

Copyright (c) 2009 Dow Jones & Company, Inc.

TSX Correction Is Taking Place See This Post

Insider Reports You May Like To View

This IS PDP-T

Investing Mistakes and How to Minimize Them

Investing Mistakes and How to Minimize Them

Ah, those investing mistakes that everyone wishes hadn’t happened to them. Not all losing ventures in the stock market are due to foolishness. For a plethora of reasons, including reckless advice from the “experts”, emotional trading, misapplication of the basic stock investing concepts, and failure to follow a proven stock trading system all can lead to the same end. Here is a list of common errors to avoid, improving your results and limiting those investing mistakes:

1. Never invest without a clearly defined stock trading plan. A well-conceived plan will include considerations of time, risk-tolerance, and future income….and a proven system for success (such as the Japanese Candlestick stock trading method). A plan that follows these guides will steer clear of most investing mistakes.

2. Investors don’t stick to their best investment plan. All too often, investors will feel changes in the market and not have faith in their plan. Although investing is always referred to as "long term", it is rarely dealt with as such by investors who would be hard pressed to explain simple stock market basics. Again, a good investment plan including a strong system can help to evade most investing mistakes.

3. Investors fall prey to the “one-trick pony” method of investing. To think that a rising stock will continue to rise indefinitely, especially if it is a company to which the investor has ties, is fool’s gold. Remember, portfolio diversification is a hedge against investing mistake. Follow your system and take your profits according to your plan.

4. Too often, investors are stricken with "analysis paralysis”, overdosing on stock market information. Such an approach is confusing, frustrating, and leads to more investing mistakes. Something else is good to remember; sales pitches do not constitute research! Technical analysis can be dirty work, but the end result is usually worth the effort.

5. Investors frequently are looking for the “home run”, that shortcut to a huge profit which usually only leads to more investing mistakes. A beginner investing in the stock market will abandon a profitable investment plan to take a chance on securities that cause nothing but trouble. The fact is, a solid plan will likely improve risk reward ratios faster, and more securely, than that swing for the fence.

6. Many investors fail to respect the cyclical nature of the markets and buy the latest fad in securities at its highest price. They will abandon the plan and system that was improving their stock market results and in turn, create a “buy high, sell low” trend in their investing.

source

PDP Charts Say Buy Now - add new,average down,its ready to fly!

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.