Thursday, June 23, 2011
Monday, June 6, 2011
Two buyers of Kingsman (KSM) - The COO and I - Good Company
Kingsman Resources Inc. (KSM) As of June 5th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jun 03/11 Jun 03/11 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.055
Jun 03/11 Jun 02/11 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 91,000 $0.060
And many, many others here
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jun 03/11 Jun 03/11 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.055
Jun 03/11 Jun 02/11 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 91,000 $0.060
And many, many others here
Thursday, May 19, 2011
IEA asks for hike in oil production
Sorry...this is what it is like when you've reached peak oil. Learn to live with it and buy the Canadian junior oils that are in bear market territory.
May 19, 2011
By OGJ editors
HOUSTON, May 19 -- The International Energy Agency’s governing board issued a statement during its regular quarterly meeting on May 19 appealing to suppliers to provide more oil to the market. IEA said it is prepared to use all tools at its disposal, which include releasing strategic oil reserves.
While the Paris-based agency did not name any particular oil suppliers in the statement, the world’s spare oil production capacity lies within the Organization of Petroleum Exporting Countries.
IEA, considering oil market developments and their impact on the global economy, noted that oil prices stand at elevated levels driven by market fundamentals, geopolitical uncertainty, and future expectations and cited growing signs that the rise in oil prices since September 2010 is affecting economic recovery by widening global imbalances, reducing household and business income, and placing upward pressure on inflation and interest rates.
As global oil demand increases seasonally from May-August, there is a clear, urgent need for additional supplies on a more competitive basis to be made available to refiners to prevent a further tightening of the market, the statement said.
The agency warned that additional increases in prices at this stage of the economic cycle risk derailing the global economic recovery and are in the interest of neither producing nor consuming countries. Especially vulnerable are oil-importing, developing countries.
“The governing board urges action from producers that will help avoid the negative global economic consequences which a further sharp market tightening could cause, and welcomes commitments to increase supply. We stand ready to work with producers as well as nonmember consumers; in this constructive spirit, we are prepared to consider using all tools that are at the disposal of IEA member countries,” IEA said.
May 19, 2011
By OGJ editors
HOUSTON, May 19 -- The International Energy Agency’s governing board issued a statement during its regular quarterly meeting on May 19 appealing to suppliers to provide more oil to the market. IEA said it is prepared to use all tools at its disposal, which include releasing strategic oil reserves.
While the Paris-based agency did not name any particular oil suppliers in the statement, the world’s spare oil production capacity lies within the Organization of Petroleum Exporting Countries.
IEA, considering oil market developments and their impact on the global economy, noted that oil prices stand at elevated levels driven by market fundamentals, geopolitical uncertainty, and future expectations and cited growing signs that the rise in oil prices since September 2010 is affecting economic recovery by widening global imbalances, reducing household and business income, and placing upward pressure on inflation and interest rates.
As global oil demand increases seasonally from May-August, there is a clear, urgent need for additional supplies on a more competitive basis to be made available to refiners to prevent a further tightening of the market, the statement said.
The agency warned that additional increases in prices at this stage of the economic cycle risk derailing the global economic recovery and are in the interest of neither producing nor consuming countries. Especially vulnerable are oil-importing, developing countries.
“The governing board urges action from producers that will help avoid the negative global economic consequences which a further sharp market tightening could cause, and welcomes commitments to increase supply. We stand ready to work with producers as well as nonmember consumers; in this constructive spirit, we are prepared to consider using all tools that are at the disposal of IEA member countries,” IEA said.
Tuesday, May 17, 2011
The bear market in Canadian juniors
The Canadian junior market is acting like gold is at $400 and oil at $35. Investors are selling shares to put food on the table. Here is an example of no interest in the gold juniors:
Riverstone withdraws $15-million public offering
2011-05-17 16:51 ET - News Release
Mr. Michael McInnis reports
RIVERSTONE WITHDRAWS PUBLIC OFFERING OF COMMON SHARES
Riverstone Resources Inc. will not be proceeding with the proposed public offering of common shares in the capital of the company, the terms of which were outlined in its news release of May 9, 2011.
Riverstone will continue to advance exploration on its Karma project in Burkina Faso with available funds.
We seek Safe Harbor
Riverstone withdraws $15-million public offering
2011-05-17 16:51 ET - News Release
Mr. Michael McInnis reports
RIVERSTONE WITHDRAWS PUBLIC OFFERING OF COMMON SHARES
Riverstone Resources Inc. will not be proceeding with the proposed public offering of common shares in the capital of the company, the terms of which were outlined in its news release of May 9, 2011.
Riverstone will continue to advance exploration on its Karma project in Burkina Faso with available funds.
We seek Safe Harbor
Saturday, April 23, 2011
My investment style summed up perfectly
Here is a post from someone on the SLX BBoard...by Bogapet. This sums up my feelings exactly when it comes to my investment style...........
"It's an interesting statement on human nature that when a stock is very undervalued, most people's reaction to that fact is based on one thing: whether or not they own it.
If one does all the work, and figures out that some company is extremely undervalued, and they don't own it, they lick their chops and take advantage of the buying opportunity.
Once they own it, if it continues to be undervalued, eventually they stop seeing it as a buying opportunity, and begin to see it as a complaining opportunity. For some, it only takes a few weeks to go from chop-licking to whining. Others are more patient.
The reason a stock is undervalued is that the market is irrational. Unfortunately, it can stay irrational for a long long time. Just because I noticed that it was being irrational and bought doesn't mean it's going to become rational immediately and reward me for my insight. I have to be ready to wait. Usually a lot longer than I'd like to."
endquote.
"It's an interesting statement on human nature that when a stock is very undervalued, most people's reaction to that fact is based on one thing: whether or not they own it.
If one does all the work, and figures out that some company is extremely undervalued, and they don't own it, they lick their chops and take advantage of the buying opportunity.
Once they own it, if it continues to be undervalued, eventually they stop seeing it as a buying opportunity, and begin to see it as a complaining opportunity. For some, it only takes a few weeks to go from chop-licking to whining. Others are more patient.
The reason a stock is undervalued is that the market is irrational. Unfortunately, it can stay irrational for a long long time. Just because I noticed that it was being irrational and bought doesn't mean it's going to become rational immediately and reward me for my insight. I have to be ready to wait. Usually a lot longer than I'd like to."
endquote.
Sunday, April 10, 2011
Hello World
This man knows more than all of the world's leaders put together. Here is Martin Armstrong's first article since his release from prison:
Hello World
stateside
Hello World
stateside
Monday, April 4, 2011
Scotia Capital on the Alberta Bakken Play
I highlighted this play in June of last year and we were able to get a 10 bagger out of Mountainview Energy. Nine months later, Scotia comes on the scene with their report for the first time. Where have you guys been?
See the report here: Scotia Report
See the report here: Scotia Report
Monday, February 21, 2011
It's not a problem until it's a problem....well it's now a problem
For those hedge funds and other institutions who sell short the resource complex and their shares (oil, gold, silver) because it's not a problem until it's a problem....they are about to experience a religious moment because Houston....we have a problem. There is no such thing as research and forward looking opportunities in the resource sector anymore. The hedge funds and institutions, until now, have ignored peak oil, mid-east violence possibilities, declining gold/silver availability on the exchanges and all of the other signs that have pointed to the situation we have today with silver, oil (now gold) all sky rocketing. The hedge funds and institutions are heavily short the shares of resource companies and are about to receive a "come to Jesus" moment. Hopefully you are positioned all in at this point. The next few months should be fun. The juniors will provide the most leverage and my favorites at this moment are 49 North Resources (FNR), Provident Resources (PV) and Transamerican Energy (TAE). As always, do your own research.
Sunday, February 6, 2011
Format for the new webcast
Hi,
I've been experimenting with a few different formats to provide my commentary and updates on the Canadian junior companies I follow and have decided to go the You Tube route. Over the next few weeks, I will start posting updates via You Tube which will be able to be accessed from this blog and my website. Please give me your feedback at stateside@statesidereport.com.
Stateside
I've been experimenting with a few different formats to provide my commentary and updates on the Canadian junior companies I follow and have decided to go the You Tube route. Over the next few weeks, I will start posting updates via You Tube which will be able to be accessed from this blog and my website. Please give me your feedback at stateside@statesidereport.com.
Stateside
Sunday, January 2, 2011
Happy Holidays to All Fellow Investors
Here's to a healthy and prosperous new year! My focus during the first few months of 2011 will be identifying undervalued juniors in the oil and gas sector. This group has lagged most other commodities and I've already identified several opportunities I will share with you in the January issue of "Under the Rocks".
Thursday, December 9, 2010
Map of EPL/PV - Iron Range Project - New Claim?
Below is a link to a map of the Iron Range Project that has generated quite a bit of excitement over the last few weeks as a result of a potential Sullivan Mine-like discovery hole #10 drilled by Eagle Plains/Providence Capital. You'll notice that Active Growth (ACK) has a large claim only 5 km's from the discovery hole. Another claim only 2 km's from the discovery hole is RUMORED (by a poster on one of the boards who was trying to secure this claim) to have been secured this morning by Fjordland Exploration (FEX). Again, this is a rumor only that has not been confirmed by the company so please do your own due diligence before considering a position in FEX.
Note - the map says Fieldex but it should say Fjordland (FEX)
Right-click the link and then "open in new window"
http://www.statesidereport.com/Iron_Range_Map.pdf
************************
Note - the map says Fieldex but it should say Fjordland (FEX)
Right-click the link and then "open in new window"
http://www.statesidereport.com/Iron_Range_Map.pdf
************************
Friday, November 19, 2010
Gold ready to go ballistic ........some have fallen off of the bull
With gold heading higher today, King World News interviewed legendary trader Jim Sinclair. When asked about the action in gold Sinclair stated, “We have to be right in front of a major move in gold. Today the gold market had all of the indications of what would be considered by the old-time traders (Bert Seligman & Jesse Livermore) as a major turn. This would be a sign to them that the bulls are gaining strength in the market, and given any excuse it will rise violently.”
November 18, 2010
Sinclair continues:
“The strategy now would not be to run after spikes and strength, but to begin to take in those periods which will certainly come, of weakness that exist during the day. This is really the first time since we came off of the high, that it’s starting to show a character of wanting to make a new high.
The chorus of complaints about the Fed and their adoption of QE, I call that the backfire of MOPE. You have so many of the new guys convinced that yes, the economy is recovering but not really that fast, and there is no inflation anywhere. Then why in the world is Bernanke going to a $600 billion project which is a rescue plan that comes up during a period of crisis? They can’t understand it.
The other thing is the belief that the financial institutions balance sheets have made such great progress. The bottom line is he (Bernanke) sees what they don’t see. The stumped recovery we’ve had is in fact an economy headed down.
Getting back to gold, this is late 1979. It’s got all of the characteristics of late 1979. If people will go back and look at the long chart they’ll see that there was one violent flip right before it took off and never looked back. And it’s getting very close to that point now. I think what you have seen is a major shake of the tree right before gold takes off.”
Well there you have it from Jim Sinclair, who’s father was business partners with legendary Jesse Livermore. The green light has been given to the upside by one of the great ones, so sit back and enjoy the show.
Eric King
KingWorldNews.com
November 18, 2010
Sinclair continues:
“The strategy now would not be to run after spikes and strength, but to begin to take in those periods which will certainly come, of weakness that exist during the day. This is really the first time since we came off of the high, that it’s starting to show a character of wanting to make a new high.
The chorus of complaints about the Fed and their adoption of QE, I call that the backfire of MOPE. You have so many of the new guys convinced that yes, the economy is recovering but not really that fast, and there is no inflation anywhere. Then why in the world is Bernanke going to a $600 billion project which is a rescue plan that comes up during a period of crisis? They can’t understand it.
The other thing is the belief that the financial institutions balance sheets have made such great progress. The bottom line is he (Bernanke) sees what they don’t see. The stumped recovery we’ve had is in fact an economy headed down.
Getting back to gold, this is late 1979. It’s got all of the characteristics of late 1979. If people will go back and look at the long chart they’ll see that there was one violent flip right before it took off and never looked back. And it’s getting very close to that point now. I think what you have seen is a major shake of the tree right before gold takes off.”
Well there you have it from Jim Sinclair, who’s father was business partners with legendary Jesse Livermore. The green light has been given to the upside by one of the great ones, so sit back and enjoy the show.
Eric King
KingWorldNews.com
Thursday, November 4, 2010
Strategic reserves for rare metals mulled
Molybdenum juniors will react like the REE juniors have over the past year. I may be early but I am right. I sent out a report on 5 Moly juniors to research. There has been very little price movement yet in these 5 stocks as they are trading in deep bear market territory. Not for long.
stateside
Strategic reserves for rare metals mulled
China Daily, November 4, 2010
A worker takes a break from shoveling tailings out of a channel sluicing crushed mineral ore containing rare earths on the edge of Baotou in the Inner Mongolia autonomous region on Sunday.
A worker takes a break from shoveling tailings out of a channel sluicing crushed mineral ore containing rare earths on the edge of Baotou in the Inner Mongolia autonomous region on Sunday.[China Daily]
Chinese authorities may establish strategic reserves of 10 rare metals to stabilize their supply and prices, a move analysts said reflects the country's growing concern over scarce resources.
The 10 metals are rare earths, tungsten, antimony, molybdenum, tin, indium, germanium, gallium, tantalum and zirconium, the Shanghai Securities News reported, citing unnamed sources.
The move is aimed at achieving a balance between market supply and demand as well as maintaining price stability, the report said. It is the first time the government has considered strategic reserves for these metals, except for rare earths, tungsten and indium, it said.
Rare metals, which are regarded as "vitamins for the economy", are essential to China's development. Construction of reserve systems will help ensure economic security, analysts said.
"A sound reserve system is like a reservoir, which can help us better use the resources," said an industry insider who did not want to be named.
China is rich in some rare metals, such as rare earths, tungsten, and antimony, but it has not exploited these resources properly. The country can better manage these resources with a reserve system, he said.
China has to import some rare metals such as tantalum for the long term. A reserve can protect the domestic market when there is a shortage in supply or price fluctuations in overseas markets, he said.
Many industry insiders have long called for a formal and comprehensive system to store the rare metals.
A number of countries, like the United States and Japan, have already built their reserve systems for rare metals. China may learn from these countries' experiences to build its own mechanism, they said.
Some analysts said the country's existing oil reserves system, which is formed from national reserves and stockpiling by enterprises, can also offer some lessons in that regard.
"The government and key enterprises in the industry should work together to protect the scarce resources," said Han Xiaoping, chief information officer of domestic energy portal China5e.com.
China's State Bureau of Material Reserve operates under the National Development and Reform Commission (NDRC). It is taking charge of formulating strategies for reserves and managing the State purchase of mineral reserves.
China will sell 50,000 tons of zinc from the country's stockpiles to increase domestic supplies as an energy-saving drive curbs output and boosts prices.
The country will also auction ingots from State reserves on Nov 9, the NDRC said in a statement. These reserves were bought from domestic smelters between February and May last year.
Analysts said the move was probably made to help offset reduced production as China is limiting power supplies to smelters.
stateside
Strategic reserves for rare metals mulled
China Daily, November 4, 2010
A worker takes a break from shoveling tailings out of a channel sluicing crushed mineral ore containing rare earths on the edge of Baotou in the Inner Mongolia autonomous region on Sunday.
A worker takes a break from shoveling tailings out of a channel sluicing crushed mineral ore containing rare earths on the edge of Baotou in the Inner Mongolia autonomous region on Sunday.[China Daily]
Chinese authorities may establish strategic reserves of 10 rare metals to stabilize their supply and prices, a move analysts said reflects the country's growing concern over scarce resources.
The 10 metals are rare earths, tungsten, antimony, molybdenum, tin, indium, germanium, gallium, tantalum and zirconium, the Shanghai Securities News reported, citing unnamed sources.
The move is aimed at achieving a balance between market supply and demand as well as maintaining price stability, the report said. It is the first time the government has considered strategic reserves for these metals, except for rare earths, tungsten and indium, it said.
Rare metals, which are regarded as "vitamins for the economy", are essential to China's development. Construction of reserve systems will help ensure economic security, analysts said.
"A sound reserve system is like a reservoir, which can help us better use the resources," said an industry insider who did not want to be named.
China is rich in some rare metals, such as rare earths, tungsten, and antimony, but it has not exploited these resources properly. The country can better manage these resources with a reserve system, he said.
China has to import some rare metals such as tantalum for the long term. A reserve can protect the domestic market when there is a shortage in supply or price fluctuations in overseas markets, he said.
Many industry insiders have long called for a formal and comprehensive system to store the rare metals.
A number of countries, like the United States and Japan, have already built their reserve systems for rare metals. China may learn from these countries' experiences to build its own mechanism, they said.
Some analysts said the country's existing oil reserves system, which is formed from national reserves and stockpiling by enterprises, can also offer some lessons in that regard.
"The government and key enterprises in the industry should work together to protect the scarce resources," said Han Xiaoping, chief information officer of domestic energy portal China5e.com.
China's State Bureau of Material Reserve operates under the National Development and Reform Commission (NDRC). It is taking charge of formulating strategies for reserves and managing the State purchase of mineral reserves.
China will sell 50,000 tons of zinc from the country's stockpiles to increase domestic supplies as an energy-saving drive curbs output and boosts prices.
The country will also auction ingots from State reserves on Nov 9, the NDRC said in a statement. These reserves were bought from domestic smelters between February and May last year.
Analysts said the move was probably made to help offset reduced production as China is limiting power supplies to smelters.
Sunday, October 31, 2010
Five Moly Stocks Profiled in "Under the Rocks"
I'll be sending out a report on Monday profiling 5 Moly Jr's who will be the benefactors of China's decision on Friday to restrict production of Moly. This news will provide the same spark for the Moly Jr's as it did for the REE Jr's when the Chinese announced they were restricting REE production. The report will profile one producer, one pure exploration play and three companies with substantial moly deposits already delineated. Make sure you're on the distribution list.
stateside
stateside
Wednesday, October 27, 2010
Covenant sets 2010-2011 exploration budget at $3-million
Covenant sets 2010-2011 exploration budget at $3-million
2010-10-26 13:53 ET - News Release
Mr. Frank Port reports
NI 51-101 TECHNICAL REVIEW OF OIL AND GAS LEASES IN MONTANA
Covenant Resources Ltd. has publicly released a technical review for its recently acquired oil and gas leases in the Sweetgrass Arch area of Montana, consisting of 41,500 net acres in Toole and Pondera counties.
The report, prepared by MHA Petroleum Consultants LLC, an independent qualified reserves evaluator, meets National Instrument 51-101 disclosure standards and is available on SEDAR.
The Sweetgrass Arch of northwest Montana is part of an active oil and gas district (Alberta basin). The area surrounding the company's leases has produced economic oil and gas pools, as well as a series of new discoveries, and is presently being actively explored by Texas-based Quicksilver Resources, Newfield Exploration Co. and Rosetta Resources, among others. Recent activity in the region reflects continued strong interest in those parts of Montana, North Dakota and Saskatchewan that cover the Bakken shale oil field. The Bakken formation hosts one of the largest contiguous deposits of oil and natural gas in the United States, according to the U.S. Geological Survey.
The company anticipates a 2010-2011 work program with an estimated budget of $2.5-million to $3-million to explore its leases. The proposed program would include a minimum eight-well drill program, to be based on newly acquired seismic data and directed at depths considered mostly favourable to host oil resources. The company will continue to seek and evaluate additional North American oil and gas properties with production potential in order to achieve its goal of becoming a mid-tier oil and gas company.
We seek Safe Harbor.
2010-10-26 13:53 ET - News Release
Mr. Frank Port reports
NI 51-101 TECHNICAL REVIEW OF OIL AND GAS LEASES IN MONTANA
Covenant Resources Ltd. has publicly released a technical review for its recently acquired oil and gas leases in the Sweetgrass Arch area of Montana, consisting of 41,500 net acres in Toole and Pondera counties.
The report, prepared by MHA Petroleum Consultants LLC, an independent qualified reserves evaluator, meets National Instrument 51-101 disclosure standards and is available on SEDAR.
The Sweetgrass Arch of northwest Montana is part of an active oil and gas district (Alberta basin). The area surrounding the company's leases has produced economic oil and gas pools, as well as a series of new discoveries, and is presently being actively explored by Texas-based Quicksilver Resources, Newfield Exploration Co. and Rosetta Resources, among others. Recent activity in the region reflects continued strong interest in those parts of Montana, North Dakota and Saskatchewan that cover the Bakken shale oil field. The Bakken formation hosts one of the largest contiguous deposits of oil and natural gas in the United States, according to the U.S. Geological Survey.
The company anticipates a 2010-2011 work program with an estimated budget of $2.5-million to $3-million to explore its leases. The proposed program would include a minimum eight-well drill program, to be based on newly acquired seismic data and directed at depths considered mostly favourable to host oil resources. The company will continue to seek and evaluate additional North American oil and gas properties with production potential in order to achieve its goal of becoming a mid-tier oil and gas company.
We seek Safe Harbor.
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