Thursday, July 21, 2016

GOLD/SILVER AND ENERGY SUMMARIES...

Energy Summary for July 20, 2015

2016-07-20 20:14 ET - Market Summary
By Stockwatch Business Reporter
West Texas Intermediate crude for August delivery lost nine cents to $44.85 on the New York Merc, while Brent for September lost nine cents to $47.08 (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.60 to WTI ($30.25), unchanged. Natural gas for August added 0.1 cent to $2.659. The TSX energy index added 1.53 points to close at 193.62.


Fortune Minerals Limited T.FT

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals 
Alternate Symbol(s):  FTMDF

Time to get in while the price is low...
"Fortune Minerals Ltd is incorporated on August 8, 1998. The Company is a natural resource Company. It is engaged in several mineral deposits and exploration projects in Canada. The Company has two stage development assets namely the Arctos Anthracite Project in northwest British Columbia; and the NICO Project and Sue-Dianne Project."

SABINA GOLD AND SILVER CORP T.SBB

Sector: Metals & Mining | Sub-Sector: Gold 
Alternate Symbol(s):  SGSVF

With the trend moving up in PM's this company can break out and run...
"Sabina Gold & Silver Corp is a junior exploration company. The Company is engaged in acquisition, exploration and development of mineral resource properties in Canada. Its projects include Hackett River Project, Back River Property and Wishbone Project."

From John Kaiser, Kaiser Research Online

Sabina Gold & Silver Corp. (TSX: T.SBBStock Forum)  is updating the feasibility study on its Back River project, which boasts a 7 million ounce+ gold resource, 5 million of that Measured and Indicated, at grades of 5 g/t or more. 
Sixty percent of the resource is open pittable. It is one of only a handful of projects controlled by a junior capable of producing 200,000-300,000 ounces per year over a long mine life in a safe political jurisdiction. Sabina controls an entire mineral belt and there are numerous prospects and targets that remain to be tested.
With over $27 million in cash and a feasibility study in hand, Sabina has huge leverage to positive changes in gold prices or market sentiment. Management will discuss some of the important changes in their new feasibility study and the company’s plans going forward.
Read more at http://www.stockhouse.com/opinion/independent-reports/2015/05/22/eight-picks-from-four-mining-and-metals-analysts#Pa3GWboWBfIOE8mY.99

check out the video:

http://schiffgold.com/commentaries/peter-schiff-if-youve-been-waiting-to-buy-gold-and-silver-the-wait-is-over-video/

Energy Summary for June 30, 2016

by Stockwatch Business Reporter
West Texas Intermediate crude for August delivery lost $1.55 to $48.33 on the New York Merc, while Brent for August lost 93 cents to $49.68 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.55 to WTI ($34.78), unchanged. Natural gas for August added 6.1 cents to $2.924. The TSX energy index added a fraction to close at 189.43.

Heavy oil producer Gear Energy Ltd. (GXE) lost three cents to 61 cents on 308,000 shares, giving back some of the five cents it added yesterday after closing a $20-million bought deal of shares at 70 cents. SEDI shows that eight insiders bought 1.26 million of the shares. Gear announced the financing on June 7, when it also announced that it would take over Striker Exploration Corp. (SKX: $1.39). Though Gear is issuing shares to acquire Striker, it wanted to raise cash anyway to reduce debt before embarking on a busy drill program. That program began last week, according to the latest monthly letter from president and chief executive officer Ingram Gillmore, who published it yesterday after the close. He said Gear will be able to finance the drilling using cash flow. "Which means that the reduced debt should stay reduced while we start to grow production again!" he exclaimed. Boosting production will be a nice change of pace for Gear, whose output was just 3,900 barrels of oil equivalent a day last month, down sharply from over 7,200 barrels a day in late 2014. The drill program should push production back up, as of course will the takeover of Striker, which is producing about 2,000 barrels a day. Mr. Gillmore said Gear expects to close the takeover on July 26.
Gold Summary for June 30, 2016

by Stockwatch Business Reporter
New York spot gold gained $3.40 to $1,321.70 on Thursday. The TSX Venture Exchange rose 9.34 points to 730.44 while the TSX Gold Index added 3.51 points to 252.63. Barrick Gold Corp. (ABX) led Canadian miners higher today. It added 64 cents to $27.58 on 7.38 million shares. Detour Gold Corp. (DGC) led the retreat, it fell 42 cents to $32.32 on 999,000 shares.
Frank Basa's Gold Bullion Development Corp. (GBB), up one-half cent to 8.5 cents on 338,000 shares, is acquiring a 50-per-cent interest in the Castle Golden Corridor project, a part of the Castle Silver property in Northern Ontario that is owned by Mr. Basa's Takara Resources Inc. (TKK: $0.04). (Gold Bullion is getting its interest in the 91-hectare project in lieu of $60,000 in property payments owed to it.) Mr. Basa, chairman, president and chief executive officer, says the gold potential of the area was overlooked historically, and "many intriguing possibilities are starting to be recognized."

Gold Summary for June 24, 2016

As previously announced, the Corporation and its joint venture partner shut in their natural gas production at Farrell Creek effective March 31, 2016. The natural gas processing facility and associated wells will be reactivated once natural gas prices return to a profitable situation.
Management and the Board of Directors of CSRI are continuing to focus on and pursue strategic alternatives for the Corporation. These include but are not limited to considering alternative financing methods and meeting with potential acquirers or merger partners.
Information regCALGARY, ALBERTA--(Marketwired - Jun 17, 2016) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (OTCBB:CSPUF) is pleased to announce that it is increasing, subject to TSX Venture Exchange approval, its previously announced non-brokered private placement offering from $500,000 to $640,000. The private placement is comprised of a combination of common shares of the Corporation issued on a flow-through basis pursuant to the Income Tax Act ("Flow-Through Shares") at a price of $0.10 per Flow-Through Share and units of the Corporation ("Units") at a price of $0.10 per Unit. The offering will close in two tranches, the first of which occurred on June 1, 2016, and the second of which is expected to close by the end of June 2016.

The Flow-Through Shares issued pursuant to this placement will entitle, subject to various income tax considerations, Canadian investors to a renunciation in 2016 of Canadian Exploration Expense expenditures to be made by CSRI up to December 31, 2017 equal to 100% of their total subscription amount.
Each Unit will consist of one common share of the Corporation and one-half of one common share purchase warrant ("Warrants"). Each whole Warrant will entitle the holder to purchase an additional common share of the Corporation for a period of one year at an exercise price of $0.10 per share.
The Corporation may pay finder's fees of up to 6% in cash.
All the securities issued pursuant to the offering will be subject to a four-month restricted resale period under Canadian securities laws.
The net proceeds of the offering will be used to gather reservoir information at the Corporation's c-69-H/94-B-1 well that was drilled at Farrell Creek, British Columbia in the first quarter 2016, and for general corporate purposes.Energy Summary for June 17, 2016

***looks like a turnaround today on this NG producer, up 37.5%Canadian Spirit Resources Inc. [SPI]
[alternate symbol CSPUF]
HIGHLIGHTS [update May 30, 2016]CSRI ended the first quarter 2016 with a strong working capital position and no debt.Despite difficult equity markets, in December 2015 and January 2016 the Corporation raised a total of $3.5 million of equity capital to drill, in the first quarter 2016, a 100% working interest vertical stratigraphic test well at c-69-H/94-B-1 in West Farrell Creek for land retention and resource delineation, and for general corporate purposes.The c-69-H/94-B-1 well was successfully drilled and cased, and was rig released on March 6, 2016 at a final total depth of 2,762 metres. The tenure on 8.35 sections of lands, CSRI (8 sections at 100%) and joint venture (1 section at 35%), has been extended for an additional 10 years. While drilling through the Doig and Montney formations, extremely high pressures were encountered. Although validation through further testing is required, the presence of these higher pressures could result in a larger natural gas resource in place than currently recognized on CSRI's 100% working interest lands. To that end, the Corporation announced on May 18, 2016 that it proposes to raise, via private placement, the funds necessary to complete the testing of the c-69-H/94-B-1 well during the third quarter 2016. The proximity of this land base to the Spectra Energy pipeline and existing, expandable infrastructure has the potential to match some of the most prolific natural gas production in the region.http://www.csri.ca/


Monday, October 26, 2015

UPDATE, VANTEX RESOURCES

Vantex appoints Laverdiere CEO, Morissette resigns

2015-10-26 16:05 ET - News Release
Mr. Gilles Laverdiere reports
VANTEX APPOINTS NEW CEO
Vantex Resources Ltd. has made corporate changes. Gilles Laverdiere was appointed as new chief executive officer of Vantex following the resignation of Guy Morissette.
Mr. Laverdiere has been a consulting geologist to exploration mining companies since 2013. From 2011 to 2013, he was senior consulting geologist for Merrex Gold Inc., where he was in charge in developing a gold project in Mali within a joint venture with Iamgold Inc. From 2006 to 2010, he was a consulting geologist in charge of planning and supervising drilling projects in northwestern Quebec and writing NI 43-101 geological reports. From 1998 to 2006, he was CEO of HMZ Metals Inc., where he acquired mining assets in China and listed the company through an initial public offering on the Toronto Stock Exchange. From 1985 to 1997, he has been part of senior management and on the board of many public mining companies, where he evaluated mining prospects, and negotiated and structured financing for various mining companies in Canada, the Philippines, Brazil and Nevada. From 1978 to 1984, he was a geologist with a focus on gold exploration in northwestern Quebec.
Wayne Carlon as vice-president of business development (Oct. 20) and Denis Tremblay as chief financial officer and corporate secretary (effective Oct. 31) also submitted their resignations. The board of directors of Vantex wants to thank them and Mr. Morissette for many years of loyal services and wishes them the best in their future endeavours.
Exploration update
Vantex has completed an MMI soil geochemistry survey over the Morriss and Hurd showings on the Galloway property. A strong bull's eye gold anomaly was detected over the Morriss showing, and another one was detected about 600 metres to the north. Since the MMI geochemistry survey method seems to unveil buried gold deposits on the property, the company has decided to extend the survey on the project. On the Hurd showing, two generally north-south-striking gold anomalies were outlined. One of them is related to the gold intersection in hole VDH-12-59, which intersected 2.68 grams per tonne gold over 9.0 metres. The other gold anomaly remains to be tested by drilling.
Mr. Laverdiere, PGeo, is the qualified person as defined under NI 43-101, who has reviewed and is responsible for the technical information presented in this news release.

© 2015 Canjex Publishing Ltd. All rights reserved.

Monday, February 16, 2015

Petromin Resources Ltd. [PTR]



A small O/G company with a big investment in Chinese shale gas,
producing properties in Alberta, and advanced patented technologies.
A lot of potential upside here going forward...on SALE now.


Petromin Resources Ltd. is a progressive international Petroleum
and Natural Gas Exploration and Production company listed Tier 1 on the
Toronto Venture Stock Exchange.
The Company is currently focused on developing 655 sq km of coalbed methane (CBM)
 land in Western China along the Southern Junggar Basin (in China).
Alongside significant international resource development initiatives in China and Kuwait,
the Company’s core operations include five oil and gas producing properties in Alberta
Canada along the Western Canada Sedimentary Basin.


Petromin is leading the way in technologically innovative methods designed to significantly improve reserves of existing oil pools (EOR) and to enhance the recovery of coalbed methane (ECBM) while significantly minimizing greenhouse gas (GHG) emissions.


ARBITRATION RE CLAIM OF DAMAGES:
(PTR has a 15-20% stake in TWE)
the claim is for 1.8 billion dollars;
PTR owns 15-20% of TWE stock,
which could propel this 2c. stock to be a rare 100 bagger!
http://petromin.ca/page143.htm

VANCOUVEROct. 5, 2015 /CNW/ - Petromin Resources Ltd is pleased to announce that it has elected to participate in the completion of the MIDDLE ELLERSIE ZONE in the 11-35-39-28W4M well located in the Joffre field.
Upon completion, the well will be placed on production through the existing surface equipment and gas gathering and plant system. Petromin retains a 16.667% working interest in the section including an adjacent gas and oil well in LSD1-35-39-28W4M.
Vesta Energy Ltd. will operate the well. The Company also retains a 16.667% working interest in the Duvernay Rights on the section in the center of the east basin Duvernay Play. The Duvernay in general is considered to be a world class emerging play with reserve estimates by the former Energy Resources Conservation Board to contain 443 trillion cubic feet of gas and 61.7 billion barrels of oil.
http://www.petromin.ca/?p2=/customcode/petromin/viewcomments.jsp&bid=139

http://www.stockhouse.com/companies/overview/v.ptr

http://www.petromin.ca/

Monday, November 10, 2014

Canadian producers sheltered from oil’s plunge...


Canadian producers sheltered from oil’s plunge


Canadian crude producers are being cushioned from falling global prices by a drop in the loonie and narrower discounts for heavy oil shipped to key U.S. markets.
Brent crude, the global benchmark, has fallen about 15 per cent over the past 30 days, and U.S. West Texas intermediate has also tumbled sharply. But in Canada, the average price in Canadian dollars received by producers was actually slightly higher in the past month than over the previous 4 1/2 years, Toronto-Dominion Bank economist Leslie Preston said in a report Monday.
CP Video Nov. 10 2014, 6:15 AM EST

Video: Business Forecast: Oil prices could yield gains for TSX

MORE RELATED TO THIS STORY

The reason is tied to favourable moves in the currency market, along with a reduced discount for Canadian heavy oil against WTI as more Alberta oil finds its way to U.S. refineries in need of heavy crude.
“It is a bit like the cleanest dirty shirt,” Ms. Preston said in an interview. “The reality is we are better off now because we were worse off two years ago, when we were in the worst phase of discounting and the Canadian dollar was at parity.”
The Canadian Association of Petroleum Producers estimates that a 1-cent decline in the Canadian dollar would be equivalent to a $1-per-barrel rise in the oil price. Since the June peak, the benchmark Canadian heavy Western Canada Select has dropped $12 (U.S.) a barrel, but the loonie has fallen 5 cents against the greenback, cancelling out nearly half the crude price drop.
“It has been partially mitigated but it has not offset the total decline that is out there,” CAPP vice-president Greg Stringham said. Heavy oil accounts for nearly 70 per cent of Canada’s exports so far this year, and like all Canadian production, it is priced in relation to the leading U.S. benchmark, WTI.
Oil prices continued to sink Monday. WTI fell to $77.40 (U.S.) a barrel, down $1.25 on the day and off nearly $30 since its peak in June. The leading international benchmark, Brent, fell more than $1 to $82.34, and has fallen $33 since June.
Canadian heavy oil producers have seen their prices improve relative to WTI, thanks to the expansion of rail and pipeline capacity out of Alberta, and the commission of a heavy-oil processing unit at BP PLC’s Whiting refinery in Indiana.
There has been surging demand for Canada’s extra-thick crude on the U.S. Gulf Coast, home to the world’s largest refining complex, said Jackie Forrest, vice-president of energy research at ARC Financial Corp. in Calgary. The region has capacity to soak up as much as 2.7 million barrels a day of heavy oil, Ms. Forrest said.
But consumption has been held back, averaging just 1.8 million b/d so far this year, amid a pullback in deliveries from traditional suppliers in Venezuela and Mexico, and protracted delays building pipelines such as TransCanada Corp.’s Keystone XL.
“So that gap is the opportunity for Canada, because that’s actually refineries that would prefer to take heavy crude that just can’t get it,” Ms. Forrest said. “That’s translated into stronger prices back here in Western Canada as well for heavy crudes compared to light crudes.”
Discounts for Western Canada Select, the key oil sands benchmark, have shrunk to an average of about $19 (U.S.) this year from roughly $24 a year ago, for example.
Prices are expected to more closely track the U.S. benchmark as more production heads south from Alberta through expanded rail networks and new pipeline connections. “There’s still a very big market for Canadian heavy crude in the Gulf Coast despite the growth of tight oil,” she said, referring to the boom in unconventional light oil production in the United States.
Ms. Preston, the TD economist, said lower prices won’t stall Canadian production growth until later this decade because supply coming on stream now was planned several years ago. “We still expect over the next couple of years production to grow year over year by 5 to 6 per cent … but I would expect to see a hit to corporate profits and government revenues over the next couple quarters.”
While some companies have shelved high-cost projects, those decision were taken prior to the slump in prices and had more to do with market access, cost inflation and a renewed emphasis on high-return projects rather than growth for growth’s sake.
The cash crunch is more likely to impede production from unconventional tight oil plays, like Alberta’s Duvernay, where the investment cycle is shorter, than in the long-lead-time, capital-intensive oil sands projects.

OIL HAS HIT BOTTOM?
http://www.msn.com/en-us/money/savingandinvesting/analysts-history-shows-oil-cant-fall-lower/ar-AAghDOD?fb_action_ids=472879712894406&fb_action_types=og.comments&fb_source=other_multiline&action_object_map=%5B1199079760106628%5D&action_type_map=%5B%22og.comments%22%5D&action_ref_map=%5B%5D

Saturday, November 8, 2014

Silver Chart Analysis & American Eagle Sales Review

New post on Daily Gold & Silver Updates

Silver Chart Analysis & American Eagle Sales Review

by Admin
EndlessMountain on YouTube shares his silver chart analysis and reviews various sales charts for the American Silver Eagle. In October, we saw American Eagle sales break records which led the the U.S. Mint running out of 2014-dated coins to sell. This massive surge in demand is due to the recent decline in precious metals prices. The rising US dollar and announcements by the Fed to end Quantitative Easing have been the major drivers of the fall.

Wednesday, November 5, 2014

Breaking News: US Mint Sold Out of Silver Eagle Coins...

New post on Daily Gold & Silver Updates

Breaking News: US Mint Sold Out of Silver Eagle Coins

by Admin
The U.S. Mint has temporarily sold out of their Silver Eagle coins due to "tremendous" demand over the past few weeks. In a statement sent to its biggest U.S. coin wholesalers, the U.S. Mint says it will continue to produce 2014-dated coins. The Mint will advise when additional inventory will become available for sale without providing further details. The violation of the $1,200 support level for gold and long-term uptrend in silver has unleashed a surge in demand for silver and gold coins in North America and Europe.