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hasnt started yet, when it does it will be multi dollar
Bearclaw Capital sells 490,000 Westar Resources shares
2008-07-15 06:55 MT - News Release
See News Release (C-BRL) Bearclaw Capital Corp
Mr. Christian de Saint-Rome of Bearclaw reports
BEARCLAW SELLS WESTSTAR SHARES FOR NET PROCEEDS OF $458,453.25
Bearclaw Capital Corp. has recently sold 490,000 common shares in Weststar Resources Corp. for total net proceeds of $458,453.25. Bearclaw acquired these shares over the past three years pursuant to an option it granted Weststar in 2005, by which Weststar has acquired an interest in Bearclaw's Axe property in British Columbia. For further information on the terms of the option agreement, please refer to Bearclaw's Aug. 4, 2005, news in Stockwatch.
"We are very pleased at realizing a sizable cash gain that is non-dilutive to shareholders and which confirms the company's long-standing practice of optioning properties for cash and shares. Our company has several interesting properties in British Columbia that have been optioned, or that we are looking at optioning," said Bearclaw's president Christian de Saint-Rome.
they hit 2000 bopd KABOOMM!!
Stetson Oil arranges $25-million bought-deal financing
2008-07-14 05:55 MT - News Release
Mr. Bill Ward reports
STETSON OIL & GAS LTD. ANNOUNCES C$25,000,030 "BOUGHT DEAL" FINANCING
Stetson Oil and Gas Ltd. has entered into an agreement with Thomas Weisel Partners Canada Inc. as lead underwriter on behalf of a syndicate of underwriters to purchase, on a bought-deal private placement basis, 45,454,600 subscription receipts of the company at a price of 55 cents per subscription receipt, for total gross proceeds of $25,000,030. The underwriters will arrange for purchases of the subscription receipts.
The underwriters will have the option to purchase up to an additional 9,091,000 subscription receipts at the issue price for a period of up to two days prior to closing for additional gross proceeds of up to $5,000,050.
Each subscription receipt will be automatically exchanged, for no additional consideration, for one common share of the company upon approval by the Bureau of Indian Affairs (United States) of the signed resolution from the tribal council of the three affiliated tribes of the Fort Berthold Reservation in North Dakota to lease oil and gas mineral rights to approximately 8,570 acres of land.
If the Bureau of Indian Affairs (U.S.) does not approve the resolution prior to closing, the proceeds from the offering will be held in escrow by a Canadian trust company for the benefit of the holders of the subscription receipts. The escrowed funds will be invested in interest-bearing or discount obligations of the Government of Canada or a province of Canada, or one of the five largest Canadian chartered banks.
The escrowed funds will be released to the company if the following condition has been satisfied by Sept. 5, 2008:
* The Bureau of Indian Affairs (U.S.) approves the resolution;
* If the release condition has not been satisfied by the outside date, each of the holders of subscription receipts will have the option of either: (i) having returned to it out of the escrowed funds, and to the extent required, out of the general finances of the company, an amount equal to the issue price for its subscription receipts, as applicable; or (ii) exchanging its subscription receipts for common shares.
Stetson Oil plans to use the net proceeds of this financing to finance the acquisition of the North Dakota tribal leases, the 2008 drilling program and general working capital purposes. The underwriters shall receive compensation comprising cash and broker warrants upon closing of the offering, subject to the release condition.
The offering is scheduled to close on or about July 31, 2008, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities to be issued under this offering will be offered by way of private placement exemptions in all the provinces of Canada and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended.
Barrick Gold offers $354-million to buy Cadence Energy
2008-07-14 07:00 MT - News Release
Mr. Jamie Sokalsky reports
BARRICK PROPOSES INNOVATIVE TRANSACTION TO MITIGATE ENERGY COST PRESSURES
Barrick Gold Corp. has proposed to make an all-cash offer of $6.00 per share to acquire Cadence Energy Inc. for a total cost of $354-million.
Cadence's production was approximately 3,600 barrels(1) of oil equivalent per day. The production consists of over 70 per cent light crude oil, which has historically tracked diesel prices. Cadence's properties have a long production history and a reserve life index of approximately 13.8 years(1) consistent with the long life nature of Barrick's core gold mining operations.
"We are confronting the energy cost challenges facing our industry through this long-term economic hedge of about one-quarter of our direct oil consumption and a significant portion of our direct natural gas consumption," said Jamie Sokalsky, executive vice-president and chief financial officer. "This unique approach is enabled by the proposed acquisition of quality, long life reserves of approximately 18.2 million boe(1) at an acquisition cost of approximately $20 per boe."
The acquisition of Cadence is expected to form a long-term strategy to economically hedge oil exposure at lower rates than currently available in the forward market. In addition, the acquisition is expected to have break-even cash flow at oil prices that are less than one-half of current market prices.
"This initiative follows on our other innovative programs such as our investment in our own power plant and hedging of our input costs and currency exposures," added Mr. Sokalsky. Barrick is assured a cost-effective energy supply from its Western 102 natural gas power plant in Nevada. Barrick is also investing $70-million (U.S.) for a 36-megawatt wind farm in Chile as part of its long-term energy strategy.
Cadence is currently party to an arrangement agreement with Daylight Resources Trust, and Barrick's proposed offer represents a 10-per-cent premium to the closing price of Cadence's shares on July 11, 2008. Barrick's offer is contingent on the completion of customary due diligence and entering into customary agreements to support the offer. The offer is not subject to any financing condition.
Full details of the offer will be included in the formal offer and takeover bid circular to be filed with the securities regulatory authorities and mailed to Cadence shareholders. Barrick expects to have the takeover bid documents filed as soon as possible. The offer will be open for acceptance for at least 35 days following the commencement of the offer. The offer will be subject to certain conditions, including receipt of all necessary regulatory clearances, absence of material adverse changes and acceptance of the offer by Cadence shareholders owning not less than 66-2/3 per cent of the Cadence common shares on a fully diluted basis. Once the 66-2/3-per-cent acceptance level is met, Barrick intends, but is not required, to take steps to acquire all outstanding Cadence common shares.
Barrick has been developing its overall energy strategy over the course of the last few years and has been advised in this proposed transaction by Mustang Capital Partners, RBC Capital Markets, Sproule Associates, Davies, Ward Phillips and Vineberg LLP and Fraser Milner Casgrain LLP.
dirty oil is looking pretty good this morning
you must be posting about a pink sheet stock lol
yup and we did here too, probably Canaccord was shorting KCL over $5 though
YES!
LOL does this answer your question? http://investorshub.advfn.com/boards/read_msg.aspx?message_id=11463620
Seems you dont mind touting Canaccord recommendations on occasion
Stealth Energy receives Stillwater gas reserves report
2008-07-09 17:49 MT - News Release
Mr. John Campbell reports
GAS RESERVE REPORT
Jake Oil & Gas Consultants LLC has prepared a new report for Stealth Energy Inc. on the potential gas reserve of five drilled wells that were in production in the late 1980s and early 1990s, and that are located on Stealth's gas leases in Stillwater county, Montana. These wells are generally proximate to the two successfully drilled wells (Hailstone No. 23-1 and Hailstone No. 23-2) that have yet to be flow tested.
The purpose of the report is to determine if a connecting pipeline to the Saga gas line is justified at this stage of development. The report is with respect to only four sections (2,400 acres) within the 32,286 net acres of prime gas leases the company owns in Stillwater county. The report states, in part, "All together the structure held 6.7 billion cubic feet of recoverable gas and after early production it still holds 6.1 billion cubic feet of recoverable gas."
Accordingly, the company is currently negotiating rights of way to enable the construction of approximately nine miles of connecting pipeline to the main Saga gas line.
Thanks no significant buying by Canaccord today, see what tomorrow brings.
Canaccord new coverage of a number of grassroots http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30584019
Agricultural Markets Update by Futures Magazine
08 Jul 2008 at 09:30 AM GMT-04:00 CHICAGO
http://www.resourceinvestor.com/pebble.asp?relid=44174
Technicals: For the short - term trader, Allendale uses its own unique custom Moving Averages (MA) to monitor price momentum, define key support and resistance levels as well as advise where key pivot points are located when bulls may turn bearish and bears to turn bulls. We also include last week ' s closing price for the weekly chartist as we draw closer to the end of the week to anticipate the possibility for futures to have a positive weekly close or if weakness is ensuing. A detailed technical look at the grains and livestock are available within our Allendale Advanced Charts.
Conclusion: As stated at the close of trade on Thursday July 3, of the corn, soybeans and wheat, it was the corn and then the CBOT and KCBT wheat futures that were most vulnerable to breech technical support. Sure enough , corn and wheat crashed through what was support on Monday and now the respective #1 and #2 MA s are viewed as overhead technical resistance.
Corn Condition: The National Agriculture Statistics Service released its sixth crop conditions report for the 2008 corn crop. Pre release estimates suggested good-to-excellent corn conditions to come in a range of 62 % to 64%. NASS estimates the July 6 conditions at 62% vs. last week ’ s 61% and year earlier levels of 70% good-to-excellent and a five-year average of 67%. Based on Corn Condition graphic in our Special Reports section within our internet site, the five-year average has shown conditions sliding for the next nine weeks.
However, the conditions have slide from relatively high levels and it may be difficult to make a great crop greater. One must also consider how difficult it may be to make a poor crop poorer. Allendale suggest crop conditions to improve throughout most of this week based on private and public weather forecast calling for beneficial weather and an absence of any ridge building late this week. However preliminary forecast suggest a longer lasting ridge may begin by the middle of next week.
Conclusion: provided NASS's results above compared to pre release estimates, Allendale views Monday release as neutral for Dec corn futures.
Soybean Condition: the National Agriculture Statistics Service released its fifth crop conditions report for the 2008 soybean crop. Pre release estimates suggested good-to-excellent soybean conditions to come in a range of 59 to 63%. NASS estimates the July 6 good-to-excellent conditions at 59% vs. last weeks 58%, year earlier levels of 65% good-to-excellent and a five-year average of 63%.
Conclusion: Provided NASS's results above compared to pre release estimates, Allendale views Monday's releases as neutral to November soybean futures.
Spring Wheat Conditions: USDA estimates spring wheat good - to - excellence ratings are 69% vs. week earlier levels of 74% vs. year earlier levels of 78% good-to-excellent . Allendale views this spring wheat crop condition report as bullish to Sept ember MGEX futures. As stated above in the corn section above, potentially an instance of making it difficult to make a great crop greater.
Winter Wheat Harvest: The 18 states that made up 90% of the 2007 winter wheat acreage is collectively estimated to have 52% of the 2008 winter wheat crop harvested vs. 36% a week earlier, 53% a year earlier and 61% for its five-year average . Southern Plains weather forecast s suggest frequent rains much of this week creating harvest delays. This forecast could help to fundamentally support winter wheat futures. Also be aware weather reports for southern Russia suggest grain harvest delays this week. At this juncture, weather is not expected to be extreme enough to create quality issues. Allendale views the present pace of harvest for winter wheat report as neutral to futures.
July 4 Factoid: Since 1980, corn futures have experienced three limit moves on the first trade day after July 4. Two were limit down moves and one was a limit up move. I n one limit down move, the top had already been put in on June 20 , while in the other year July 2 was the high for the year. Of the one limit up move , the next trade day , July 6 , marked the high for the year.
Memphis , TN : Before noon on Monday , a research firm from Memphis , TN estimates corn yield at 152 bushels per acre (b/a) and total corn production at 12.002 billion bushels vs. USDA's most recent 148.9 b/ a and 11.735 billion bushels. The same firm estimates soybean yield at 41.9 b/ a and total U . S . soybean production at 3.019 billion bushels vs. USDA's most recent 42.1 b / a and 3.105 billion bushels. The question is asked, could corn yield have increased vs. the June 10 WASDE report ? I n a word, yes ; b ut by 3.1 b/ a in less than one month given the slow emergence, may be a stretch. Allendale will release its estimates on Tuesday for the upcoming July 11 USDA crop production report. Our earliest expectations are for a slight increase in corn yield.
Corn Fundamentals: Weather is presently viewed as bearish to futures as well as additional signs of rationing for the livestock and corn processing sector. Also bearish to corn as indicated in a variety of other agriculture commodities weakness such as cotton, cocoa, sugar and coffee is concern of any CFTC action on speculative trade. Bullish to corn is projections implying only a 19 - day supply of corn after demand is met for 2008/ 20 09, a historic low level dating back to 1999/2000.
Trade Posture: Fundamentally Allendale remains bullish to corn futures. Allendale will likely remain bullish into the initial stages of 2008 pollination. As viewed within our Allendale Advanced charts, Dec corn may be forming a Head - and - Shoulders top , but at this point has technical sup port at the 7356 level and 50% retracement at 6994.
Soybean Fundamentals: Argentina 's lower Congress deflated the hopes of the farm groups in Argentina as it passed a vote to exercise increased export tariffs on the country's soybeans. The farm groups now suggest they will seek the support of the country's Senate and possibly Supreme Court. Most likely after the recent vote, farmers are expected to resume road blocks and continue to push demand away from Argentina and to Brazil and the U nited S tates . Immediate weather forecast for this week is viewed as bearish to soybeans. Bullish to soybeans are Allendale's end stock projections for 2008/ 20 09 of just 66 million bushels vs. present old crop stocks less than 125 million bushels.
Trade Posture: Interesting to note is how today ’ s limit down move places short- term moving averages on the day ’ s low. Our Allendale Advanced Charts point to resistance of 15366 and even with a limit down move in futures maintains a long term up trend level of support.
Wheat Fundamentals: This week ’ s forecast is viewed as creating delays for the hard red winter wheat harvest. Weakness in wheat on Monday is likely attached to the weakness in corn futures. Of very important interest is how wheat futures were able to close off limit on Monday and may be used as the ray of light for a relatively quick bottom for corn. However , be aware at the close of trade on Monday, CBOT floor traders suggest corn is still very much the leader for wheat's fate. Synthetic Dec corn futures suggest a value of 7250 or 22 ¢ less than where futures closed today. Wheat continues to compete with corn as a livestock feed. Four weeks into the 2008/ 20 09 marketing year, wheat inspections are 7% higher than year earlier levels.
Trade Posture: Technicals have turned from neutral to bearish. Fundamental issues such as harvest progress, neutral and a 5% decline to spring wheat futures viewed as bullish may only briefly be able to hold wheat futures from further declines.
After the Dust Settled: At the close of the side - by - side CBOT trade session on Monday , floor trade estimates suggest funds in number of contracts sold : 4,000 wheat, 6,000 contracts of corn, 3,000 soybeans, 2,000 soybean meal and 3,000 soybean oil. Allendale's view is the price action on Monday may have implied a much worse case of selling.
Lean Hogs: In the first three weeks of June, all we have solid info on, the weekly sow kill was +8%, +12%, and +17% over previous year levels. It is clear hog producers started reacting to higher corn prices. Now that corn prices fell hard , will they keep the same enthusiasm ? So far we have not seen the liquidation needed to support the premiums in mid 2009 contracts. We have argued in recent days we look for cash hog and pork markets to stabilize soon. The CME Group trading indicators we follow (volume and open interest) have so far not backed up those expectations. Instead of an outright long on August here we will keep trading simple and work on the August/October spread. We remain bearish deferreds and have a price target of $65 for the December. For hedging we have the green light to add 2009 contracts to our hedge portfolio but are not pulling the trigger yet.
R-Calf Brings Up Old Business: USDA has been ordered to reopen the public comment period relating to last fall's decision allow imports of Canadian beef and live cattle. R-Calf had been unsuccessful in its bid to stop imports of Canadian beef and cattle. A recent lawsuit was successful in arguing USDA did not have an adequate comment period. Keep in mind this is not saying we will stop importing Canadian beef and cattle, only that they did not have a long enough comment period.
Live Cattle: Steep losses in corn, crude oil, and gold all helped trigger fears of a commodity sell off. This affects live cattle in two ways. The idea is sharply lower corn prices may make the drop in placements not as severe and therefore a few more lbs of beef in a few months. The other way is indirectly in the form of commodity buyers. We have argued around half the premiums in this market are correctly due to fundamentals. The other half is likely due to general commodity buying. Have cattle topped and will commodity buyers drain money out of this market? At this time we will assume the big money will be harder to knock of this market. We could see a lower open tomorrow based on an expected lower corn open but at this time cannot call a top in live cattle futures.
Joe Victor and Rich Nelson
research@allendale-inc.com
www.allendale-inc.com
does this mean the golf is off?
most is right and that applies to all juniors in every sector as you know
July 07, 2008 World Potash Conference 2008 in Shanghai, China
Paul Matysek, President and CEO, Potash One Inc. will present at World Potash Conference 2008 in Shanghai, China.
Potash mining companies: Potash prices may almost double over the next two to three years to $900 a metric ton, excluding freight costs, on increasing food demand and limited supplies of the soil nutrient, Paul Matysek, the chief executive officer of potash exploration company Potash One Inc. (KCL CN) said at an industry conference in Shanghai today.
http://www.bloomberg.com/apps/news?pid=20601082&sid=aAExUnEsgH8A&refer=canada
T
OK so where is the news?
"The intent of the program is to provide subsurface information about the southern portion of the permit and identify the location for exploratory surface drill holes. Permitting is in progress and it is estimated that surveying can begin in early April with recording to commence once ground conditions permit. It is anticipated that data acquisition will be completed by early May with preliminary interpretation completed by mid-June."
T
OK I will be in Saint John NB
sounds like to much work
pick a day, i recall you guys were coming here this time
T
Nice wood!
P. Greg Barnes - Advisor
An external Executive Director of The Galaxy Fund, is currently President and Chief Operating Officer of Hunter Resource Capital, LP.
Prior to joining Hunter Resource Capital, Greg was Chief Operating Officer of a European family office, managing their Bahamas office.
Greg brings 15 years of investment structuring and business experience to the organization having been involved in managing a portfolio of hedge funds and the structuring of private equity holdings in several natural-resource & industrial companies.
Prior to joining the family office Greg traded non-ferrous metals for an internationally recognized firm in Zug, Switzerland.
Greg received a Bachelors Degree in Geological Sciences from the University of Texas at Austin in 1987 and his Masters Degree in Economics from the London School of Economics in 1989.
Currently Greg resides with his wife and three children in Denver, Colorado.
Posted over on the elite board, big crosses by Canaccord today
V 2008-06-27 09:33:13 0.90 -0.10 2,000,000 33 Canaccord 33 Canaccord B
V 2008-06-27 09:33:00 0.90 -0.10 1,294,000 33 Canaccord 33 Canaccord K
Only a matter of time for the KABOOM
Looks like Canaccord ran out of private placement shares for someone...
V 2008-06-27 09:33:13 0.90 -0.10 2,000,000 33 Canaccord 33 Canaccord B
V 2008-06-27 09:33:00 0.90 -0.10 1,294,000 33 Canaccord 33 Canaccord K
CR done buying
Tiger Resources to list on TSX on July 2
2008-06-27 18:02 MT - News Release
TSX bulletin 2008-0721
An application has been granted for the original listing in the mining category of 298,655,765 ordinary shares of the company, of which 251,192,527 ordinary shares are issued and outstanding, and 47,463,238 ordinary shares are reserved for issuance.
The ordinary shares of the company will be listed and posted for trading at the open on Wednesday, July 2, 2008.
The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.
Symbol: TGS
Cusip No.: Q90355 10 0
Trading currency: Canadian dollars
Temporary market-maker: Dundee Securities Corp.
Other markets: The ordinary shares of the company have been listed on the Australian Securities Exchange since May 8, 1997, under the symbol TGS.
Incorporation: The company was incorporated under a memorandum and articles of association in Western Australia on Jan. 31, 1997, as a no liability company under the name Tiger Resources NL. The constating documents were replaced by a constitution on Nov. 29, 2001, and on Jan. 18, 2002, the company changed from a no liability company to a limited liability company and changed its name to Tiger Resources.
Fiscal year-end: June 30
Nature of business: The company is engaged in the acquisition, exploration, development and operation of mineral properties, currently focused on the exploration of its portfolio of copper/cobalt projects in the Democratic Republic of the Congo.
Transfer agent and registrar: Computershare Investor Services Pty. Ltd. at its principal office in Perth, Western Australia, and Computershare Investor Services Inc. at its principal offices in Vancouver and Toronto
Dividends: The company has not paid any dividends or made any distributions since incorporation. The company does not anticipate paying dividends in the foreseeable future.
You need to brush up on your bottoms...
so your saying i should not have sold at .84?
Vast Exploration appoints Goodarzi VP, exploration
2008-06-24 05:43 MT - News Release
Mr. Ahmed Said reports
VAST EXPLORATION INC.-APPOINTS DR. FARI GOODARZI AS VICE PRESIDENT, EXPLORATION
Vast Exploration Inc. has appointed Dr. Fari Goodarzi as vice-president, exploration.
Dr. Goodarzi's background includes over 40 years of technical and management roles with public, private and government corporations. Dr. Fari managed and successfully conducted various regional hydrocarbon evaluation studies in frontier basins such as Arctic Canada. He has extensive experience in the exploration of conventional and unconventional oil, gas and coal resources. Dr. Goodarzi holds a master of science, and a doctor of philosophy in geology and geochemistry from University of Newcastle-Upon Tyne in England, and is a fellow of the Royal Society of Canada.
Nothing on the website yet and National is also a big seller.
Maybe GMP playing games to squeeze a few more profits out today?
Was a $4 stock when they initiated coverage two weeks ago.
and maybe Credit Suisse is about to follow suit...
House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
T 72 Credit Suisse 625,100 3,557,551 5.69 5,000 28,730 5.75 620,100 -3,528,821
T 7 TD Sec 604,611 3,409,847 5.64 471,418 2,672,758 5.67 133,193 -737,089
T 85 Scotia 154,427 868,346 5.62 31,100 177,133 5.70 123,327 -691,213
T 2 RBC 222,887 1,255,149 5.63 133,543 755,223 5.66 89,344 -499,926
T 121 Jennings 50,000 275,000 5.50 0 50,000 -275,000
T 81 HSBC 47,700 271,859 5.70 17,800 100,650 5.65 29,900 -171,209
T 89 Raymond James 14,200 80,836 5.69 0 14,200 -80,836
T 46 Blackmont 29,200 168,400 5.77 17,500 98,335 5.62 11,700 -70,065
T 62 Haywood 5,200 28,934 5.56 0 5,200 -28,934
T 70 Berkshire 3,105 17,712 5.70 0 3,105 -17,712
T 37 MacDougall 3,000 16,785 5.60 0 3,000 -16,785
T 58 Qtrade 4,645 26,202 5.64 3,000 16,785 5.60 1,645 -9,417
T 59 PI 1,300 7,319 5.63 0 1,300 -7,319
T 60 MF Global Can 1,300 7,477 5.75 0 1,300 -7,477
T 64 Octagon 1,000 5,560 5.56 0 1,000 -5,560
T 54 Global 900 5,130 5.70 0 900 -5,130
T 99 Jitney 1,962 11,069 5.64 1,292 7,376 5.71 670 -3,693
T 79 CIBC 153,123 858,324 5.61 152,530 861,965 5.65 593 3,641
T 124 Questrade 7,420 41,173 5.55 7,100 40,464 5.70 320 -709
T 25 Odlum 300 1,731 5.77 0 300 -1,731
T 27 Dundee 5,000 28,095 5.62 5,000 28,050 5.61 -45
T 49 Evergreen 5,000 27,500 5.50 5,000 28,450 5.69 950
T 63 Byron 5,500 30,932 5.62 5,500 31,188 5.67 256
T 15 UBS 0 400 2,200 5.50 -400 2,200
T 44 Jones Gable 0 1,000 5,780 5.78 -1,000 5,780
T 5 Penson 15,950 90,320 5.66 19,400 109,612 5.65 -3,450 19,292
T 36 Latimer 700 3,953 5.65 4,500 25,110 5.58 -3,800 21,157
T 83 Research Cap 0 5,000 28,059 5.61 -5,000 28,059
T 14 ITG 5,950 33,455 5.62 15,300 86,867 5.68 -9,350 53,412
T 141 Bolder 0 10,000 55,250 5.53 -10,000 55,250
T 41 Standard 0 14,500 80,993 5.59 -14,500 80,993
T 78 Salman 0 15,000 83,068 5.54 -15,000 83,068
T 19 Desjardins 71,140 400,266 5.63 93,510 528,375 5.65 -22,370 128,109
T 88 E-TRADE 66,878 380,419 5.69 90,575 513,888 5.67 -23,697 133,469
T 16 Paradigm 0 25,000 142,500 5.70 -25,000 142,500
T 6 Union 3,000 16,695 5.57 30,000 169,300 5.64 -27,000 152,605
T 9 BMO Nesbitt 153,539 867,945 5.65 197,688 1,114,558 5.64 -44,149 246,613
T 33 Canaccord 26,112 147,117 5.63 74,520 420,284 5.64 -48,408 273,167
T 11 MacQuarie 0 60,000 335,770 5.60 -60,000 335,770
T 80 National Bank 229,317 1,289,958 5.63 400,550 2,244,589 5.60 -171,233 954,631
T 1 Anonymous 332,600 1,882,597 5.66 507,600 2,867,939 5.65 -175,000 985,342
T 74 GMP 325,326 1,844,899 5.67 757,066 4,297,306 5.68 -431,740 2,452,407
Total 3,177,392 17,958,555 5.65 3,177,392 17,958,555 5.65 0 0
T
Any potash phosphate or coal there?
Saudi output hike to disappoint oil market -- analysts
Agence France-Presse June 23, 2008
JEDDAH, Saudi Arabia -- The crude market will likely shrug off Saudi Arabia's output hike in the aftermath of the Jeddah oil crisis summit and fresh unrest in crude producer Nigeria, analysts say.
Major oil powers and consumers gathered in the Red Sea city on Sunday to hammer out a global long-term strategy to defuse the current energy crisis which saw oil prices strike a record peak of almost $140.00 last week.
Saudi Arabia, the biggest global oil producer, drew traders' attention by ramping up daily production to 9.7 million barrels -- the highest level for more than two and a half decades -- in a bid to dampen the red-hot market.
"The price will probably go back up to $140.00 per barrel this week because there is nothing to hold it back," said John Hall, who runs energy consultancy John Hall Associates.
Analysts contend that the latest Saudi hike was already priced into the volatile oil market after recent heavy hints about a looming output increase.
"Saudi Arabia announced that oil output would increase by 200,000 barrels per day to 9.7 mbpd, and if the delegates had expected something significant to suppress the oil this was not it," said Hall.
"With further threat of attack on Iran from Israel and further supply disruptions in Nigeria, the oil price is now destined to rise further.
"Had Saudi Arabia wanted to make an impact then it should have offered to increase its output by at least 500,000 bpd or even one million bpd."
However, Capital Economics analyst Hugh Navarro argued that the output rise would provide some crumbs of comfort for traders.
"I think it's some comfort. Prices might come down a bit," said Navarro, who added that they were unlikely to breach $140.00 this week barring any further shock to the market.
"I do not see investors bringing prices back down to $120.00 a barrel."
But Navarro agreed that recent events in Nigeria would dictate price movements in the coming days.
Violence in the Niger Delta has reduced its oil production by a quarter in the past two years, contributing to surging world oil prices.
"Unrest in Nigeria will trump events elsewhere ... because Nigerian oil is a light high quality crude which refiners prefer," Navarro said.
In contrast, the Saudi oil is heavy, sulfurous oil which it not as easy for refiners to convert to gasoline or petrol.
Aside from the output hike, oil consumers and producers also agreed that they needed to invest more in downstream and upstream oil output.
Raad al-Kadiri, oil analyst at PFC Energy, said the Jeddah summit had attempted to coordinate a global strategy to combat high prices.
"There was a lot of determination towards international cooperation ... but there were no real concrete solutions" beyond the Saudi output increase, Kadiri said.
"Despite all of the discussions and all of the statements about the need for cooperation, there is still quite a gap between producers and consumers in terms of what they see as the primary factors driving this market and also what they see as the main priorities and measures to be taken to reduce prices."
Saudi Arabia announced Sunday it has raised its production to the highest level since its peak production in 1981 and reiterated it would raise its production capacity to 12.5 million bpd by the end of next year.
The kingdom also unveiled plans to raise its output capacity by a further 2.5 million bpd through massive investments in five oilfields, but gave no timeline for completion of the projects.
That would take the kingdom's total capacity to a potential 15 million bpd.
T
So speculation drives prices higher inticing more cattle to be slaughtered as opposed to feeding leads to higher prices and so on and so forth...
"We don't like to talk so much about the negatives for fear of causing a snowball effect"
T
Gotta love fighters, these companies do what it takes to stay alive through the tough times.
Now we get to eat cake!
What no Potash?
Vast Exploration to earn 27% interest in Iraqi PSC
2008-06-20 16:49 MT - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to a production sharing contract (PSC) dated May 14, 2008, between Vast Exploration Inc., Niko Resources Ltd., Groundstar Resources Ltd. and the Kurdistan regional government of Iraq, whereby Vast Exploration can earn a 27-per-cent participating interest in the PSC through the exploration, development and production of petroleum resources in the 846-square-kilometre Qara Dagh block, located in the Sulaymaniya governorate of Kurdistan, Iraq.
Vast Exploration anticipates approximately $10-million will be spent on capital expenditures in 2008.
For further details, please refer to Vast Exploration's news release dated May 20, 2008.
So we touch the latest pp price of .80 and off we go. Vast market cap is over 60 million right now.
That market cap on Longford would translate to $1.60 share price :)
Not hard to imagine that they had more suitors than just Niko sniffing around for a piece of Kurdistan pie.
T