LUP data by YCharts Lundin Petroleum (LUP:TSX) the 40% operator of the massive Johan Sverdrup oil field and their partners (40% Statoil, 20% Maersk Oil) have announced development plans.  Johan Sverdrup has between 1.8 to 2.9 billion barrels of gross recoverable contingent resources making it one of Norway’s largest oil discoveries.  At full field production, the group… Continue Reading

GCM data by YCharts Shares of Gran Colombia Gold (GCM:TSX) which came under severe pressure last year on the back of a dramatically dropping gold price and questions about their solvency, are up over 127% in February as the street feels the short squeeze.  Investors gained confidence in gold and gold equities in the early… Continue Reading

AOI data by YCharts Lukas Lundin’s oil exploration vehicle, Africa Oil (AOI:TSX), is planning to drill at least 20 exploration and appraisal wells in the South Lokichar basin which will include exploration wells targeting 4 new oil basins.  This program is fully funded as the company raised over $450 million last year in the largest… Continue Reading

Simon Ridgeway’s Cordoba Minerals (CDB:TSXV) has begun its 2014 exploration efforts with the mobilization of a RAB (rotary air blasted) rig to begin drilling their Montiel prospect on the San Matias project in Cordoba, Colombia.  The company recently closed a $15 million (expanded from $12 million) financing to consolidate the San Matias project as well… Continue Reading

After announcing a victorious proxy vote in late January which saw a dissident group of shareholders led by FrontFour Capital lose in their battle to take control of Renegade Petroleum (RPL:TSXV), the company has now decided to merge with Alexander Energy (ALX:TSXV).  Renegade drew the attention of the activist shareholder after management announced plans to… Continue Reading

Orvana Minerals (ORV:TSX) has found a buyer for their Copperwood project in Highland Copper (HI:TSXV).  Orvana has been considering divesting the asset for sometime now in order to focus on its two producing assets and to strengthen its balance sheet.  Orvana announced this morning they have signed a definitive agreement with Highland Copper which will… Continue Reading

CTT data by YCharts Citation Resources Inc. | CTT:TSXV | 39,019,287 Shares O/S (basic) | $2,731,000 Market Cap | $.02 – $.14 Year Range | $.07 Last Trade There are numerous mineral belts endowed with many millions of ounces of silver and gold throughout Mexico.  However, none are more prolific than the Guerrero Gold Belt which is home to a significant amount… Continue Reading

Vista Gold is currently working on progressing the environmental permitting of their Mt Todd project in Northern Australia.  The company burns roughly $1 million per month and was sitting on just over $4 million in cash as of September 30, 2013.  It seems, the company has evaluated its options for raising funding to continue the development… Continue Reading

“The days of getting rich quickly are over, and the days of getting rich slowly may be as well.” Bill Gross In his first “Investment Outlook” letter since the announced departure of his No. 2, Mohamed El-Erian, PIMCO’s co-founder Bill Gross remained confident on his company’s future and also shared his view on the US… Continue Reading

“I’m still too cool to wear a helmet” Alim Abdulla fired off a nice piece yesterday on the state of US Equities. It’s a worthwhile read and I think this sentence sums it up nicely: If you are net long US equities and adding on dips, you are consensus, and the probability of you ending… Continue Reading

This morning, Canada Carbon (CCB:TSXV) announced the preliminary results of laboratory characterization tests being conducted by Evans Analytical Group (EAG) on its Miller high-purity hydrothermal graphite. The results were obtained using Raman spectroscopy and definitely determines the degree of crystallinity of graphite (and other materials). These tests showed that the Miller project’s graphite has an abnormally… Continue Reading

From The Globe and Mail: “Looking at the past 10 years, during which commodities prices were rising and Canada’s interest rate differential was mostly positive (i.e. Canadian interest rates were above those of the U.S.), the loonie has been trading almost exclusively above PPP levels. But now, these factors have changed, and are combining to… Continue Reading

Chicks dig the bulls-eye Early reports indicate that Japan’s annualized 2013 Q4 GDP growth likely reached 2.6%, which would make it the fifth straight quarter seeing an increase in annualized GDP. This bit of good news is naturally attached to the government’s spiked punch bowl fiscal, monetary and structural reforms dubbed Abenomics. After Prime Minister… Continue Reading

If we had to title a book describing the market environment of the past few months it would be appropriately entitled “A Market of Complacency”. Today for the first time much of that complacency was washed away as fear took its place front and center: Click to enlarge VIX (daily) E-mini S&P futures (hourly) 30-Year… Continue Reading

Dr. John-Mark Staude’s prospect generator, Riverside Resources (RRI:TSXV) has signed an agreement with a private Mexican company to acquire a 100% interest in the Cajon gold project with their strategic alliance partner, Hochschild Mining Plc.  The Cajon project is located near Goldgroup’s (GGA:TSX) Cerro Colorado mine and Timmins’ (TMM:TSX) San Francisco mine.  Recent exploration work… Continue Reading