Our readers have been hearing about Petroamerica Oil Corp. ($PTA) since August, 2012. Since then, we’ve been covering the Colombian-focused oil and gas junior closely — and we’ve done well owning the shares. Sunday evening, PTA management convened in Vancouver for a round of investor meetings today. We were able to join PTA’s Executive Chairman… Continue Reading

Source: Bloomberg

I really hate the word culture sometimes. It means a lot of different things to different people and seems to be applied to many things that to me don’t qualify but to others are valid. One person’s culture is anothers knitting club. How you define culture is up to you and like we talked about… Continue Reading

“For years on end a company’s price can have less to do with a company’s real prospects than with the excitement it and its supporters are able to generate.” The Stock Market, January 2004. Mark Cuban See also: How I Helped Mark Cuban Make a Billion Dollars and 5 Things I Learned from Him. James Altucher

Last Monday, Haywood Securities energy analyst Al Knowles gave Petroamerica Oil Corp. his highest rating, Sector Outperform, and a C$.55 price target. At press time, shares in PTA had reached C$.34, an 18 month high. Haywood’s Mr. Knowles is optimistic about PTA’s Las Maracas oil field in Colombia, as we have been since August, when… Continue Reading

This afternoon Petroamerica Oil Corp. ($PTA) announced flow results of 3762 bopd (50% of which are net to PTA) from Las Maracas 5, a development well at their core oil field. This is a big number and these results do not include the lower zone of the well which could also yield pay. See: Petroamerica Provides a Testing Update… Continue Reading

I know some very rich people who squirm at the thought of any online attention, some who pay top dollar to consultants who promise to keep their names offline. But I’m also starting to see a rise in rich people growing more comfortable with the Web. Wealthy people have been asking me more questions lately… Continue Reading

Since we first wrote about Petroamerica Oil Corp. ($PTA.v) on August 16, shares of the Calgary/Bogata-based oil and gas junior have risen over 50% to 52-week highs (chart). Obviously something is up so we decided to take a closer look to see why shares in PTA have more buyers than sellers. What first attracted us… Continue Reading

One of the most common ways to become wealthy is to come up with an idea that requires capital (such as buying a building or a company) and pitch it to a sophisticated investor. If the investor wants to back the idea, the pitcher may get a piece of the action for coming up with… Continue Reading

If you were shocked to learn from Mitt Romney that 47 percent of Americans don’t pay income tax, you might be interested to know that only 1.2 and 2.7 percent of Chinese and Indians pay that same tax in their respective countries. Interestingly, 63 percent of Canadians pay income tax, a higher percentage than our… Continue Reading

Ray Dalio, founder and co-chief investment officer of Bridgewater Associates, L.P., the world’s largest hedge fund, discusses global economics with Maria Bartiromo – Sept. 12, 2012. Source: Council on Foreign Relations More Ray today: Ray Dalio: Southern Europe Is About to Enter a ‘Lost Decade’. WSJ Bridgewater’s Dalio: U.S economy out of ‘intensive care’. Reuters

We had the opportunity to sit down with Frank Giustra last week, the lion behind Lionsgate Films, and an early architect of countless resource companies—most notably Wheaton River Minerals (now known as the $33B Goldcorp, which spun out the $12B Silver Wheaton), Petro Rubiales (now the $7B Pacific Rubiales), and Urasia Energy. By all accounts… Continue Reading

Reformed Calgary/Bogotá-Based Oil & Gas Junior Hits 65 Feet of Colombian Pay And The Market Responds Featuring commentary from Frank Giustra, Jeff Boyce and Ralph Gillcrist, three key stakeholders in the company, Petroamerica Oil Corp. Caution: See PTA’s Foward Looking Statements. Jump to audio. It’s been a tough ride for Petroamerica Oil Corp. (PTA) shareholders,… Continue Reading

Could a mine opening ceremony be a catalyst to LUC’s share price? Lucara Diamond Corp ($LUC on the TSX big board) is a Lundin Group diamond mining and development company that I owned and wrote about last year. I entered at an average cost of $.87 cents and sold at $1.11 (Sources: 1, 2). For those new… Continue Reading

Business risks facing mining and metals 2012 – 2013 (photo:E&Y) Link directly to the report now. I wanted to bring your attention to an informative report put out by Ernst & Young on the current state of M&A within the mining sector (see link below).  Some highlights of the report include: Due to increasing capital… Continue Reading