Alberta Royalties Focusing on Connacher Oil and Gas Limited, Highpine Oil & Gas
posted on
Oct 26, 2007 04:57PM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Comments made in this release are those of Maybach Financial Group and any questions or comments should be directed to the contact information located at the bottom of this release.
Maybach Financial Group is a syndicate of investment researchers compiling research from major analysts and fund managers. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the markets, we are focusing on Connacher Oil and Gas Limited (TSX: CLL), Highpine Oil & Gas Limited (TSX: HPX), and West Energy Ltd. (TSX: WTL). For the full report, visit http://www.maybachfinancial.com/regi...
The Maybach Financial Group www.maybachfinancial.com will be researching the above-mentioned companies to determine their chances of a turnaround opportunity for investors. Visit http://www.maybachfinancial.com/regi... for a complimentary subscription to the Maybach service and receive at no cost our "Special Report #1: The Pick of the Decade" plus a second free report "Special Report #2: Hearing is Believing." No credit card or payment information is required.
New York markets also headed sharply higher on strong earnings from Microsoft and a positive outlook from the biggest mortgage lender in the U.S., Countrywide Financial Corp. Microsoft announced its profit jumped 23 per cent, due to the sales of the new Halo 3 video game, Windows and Office.
Despite Alberta's intentions to take about $1.4 billion more from the province's energy industry by the end of the decade, bumping royalties 20 per cent by 2010, the Toronto stock market was higher Friday morning. Alberta government's controversial decision to hike royalties, luckily, did not dispel investors within the sector -- at least not for long.
The energy sector plunged immediately after the opening bell, but bounced back strongly into positive territory, and then fell slightly again.
Over the past few years, a lot of focus has been on the oil and gas sector in the Alberta.
Connacher Oil and Gas Limited (TSX: CLL) was affected in the same way and dropped to a day-low of $3.75 in midmorning trades, but rose back to $3.96, remaining relatively unchanged. Earlier in the week they announced they have delivered and sold to market its first truckload of diluted bitumen from its Great Divide Pod One SAGD project, located approximately 50 miles south of Fort McMurray, Alberta.
Highpine Oil & Gas Limited (TSX: HPX) took a big hit falling down to a $8.40 in midmorning trades, but reacted and rebounded back above the nine-dollar mark. Despite the rebound, Highpine was still down over 15% in midmorning trades. Highpine is a Calgary-based oil and natural gas company engaged in exploration for and the acquisition, development and production of natural gas and crude oil in western Canada.
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West Energy Ltd. (TSX: WTL) is another company focused its efforts in the Alberta with their prolific light oil Pembina Nisku reef fairway of west central Alberta. They also fell sharply in midmorning trades dropping to a low of $2.82 but rebounded to around the three dollar range, down around 15%. Visit http://www.maybachfinancial.com/regi... to keep updated and receive a complimentary subscription plus two bonus reports.
After witnessing the recent plunge in the markets influenced by the resource sector, the falling housing slump and employment issues, smart investors and hedge funds are shifting interests into other sectors.
The markets are changing and investors are scared. The Bull Run that we have been use to over the past four years is starting to become more like a stampede in the other direction.
Stock markets are normally volatile, but investors have enjoyed a four-year run of below normal volatility and steady upward movement. Ups and downs, yes. But the Bull Run has been great over the past three to four years and has not ended as abruptly as many have predicted.
But while the end of the Bull Run has been predicted for more than a year, long-term investors shouldn't be worried. Of course, only if you know what you are doing.
First off, don't throw all your eggs into one basket.
Secondly, and most importantly, pick winners that last.
And pick winners that have little effect against the daily ups and downs of the economy. Visit http://www.maybachfinancial.com/regi... to sign up free to receive your Special Report #1 for information on how to combat the markets or visit www.maybachfinancial.com for your free subscription and BONUS reports.
We've seen oil markets spike, we've seen oil markets fall. We've seen wars, we've seen terrorist attacks. Chances are that the events that occur have a short term impact when you consider the overall factors of a 5-year forecast.
Most investors -- and unfortunately far too many brokers -- go on a buying spree the minute a rally starts in a particular sector. Correspondingly, they panic at the first sign of a downturn and tend to sell off some great stocks -- right before the dead cat bounces.
But Maybach isn't about day-trading and making money fast. It's about being patient and learning the secret of how to get rich slowly. Visit http://www.maybachfinancial.com/regi... to See Special Report #1: The Pick of the Decade -- free when you sign up! or visit www.maybachfinancial.com for your free subscription and BONUS reports.
It's also about adding stocks to your portfolio that have little or no effect against the state of the economy.
It's about technology
The world as we know it has changed. Gone are the days of tradition and old school values. Thanks to technology, people no longer communicate via a simple phone call or meet their life partners in social settings. Take a look at some of the most recent headlines.
Technology has been the only sector continuing its steady climb and relatively unaffected by economic pressures.
Social networking and user-generated content has taken over the world. And big shot web start-ups have become multi-billion dollar profits for their creators and shareholders.
We all know that the tech boom is back and back with a vengeance with Web 2.0 start ups leading the way.
The big boys are snapping up the little ones much like Microsoft did in their early Windows days. The next few years are going to be intense and believe us when we say that, "the tech boom is back and bigger than EVER!"
Visit http://www.maybachfinancial.com/regi... to receive our Special Report #1 with information on how to combat the markets and how the face of the future is changing.
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Statements made in this release may include forward-looking statements and projections, made in reliance on the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Maybach has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. Maybach makes these statements and projections in good faith, neither Maybach nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. All material herein was based upon information believed to be reliable. The information contained herein is not guaranteed by Maybach to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Maybach assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Maybach, whether as a result of new information, future events, or otherwise.
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