Pacific Rubiales (PRE:TSX) the Colombian oil producer, headed by Co-Chairman Serafino Iacono, announced its second quarter results which were somewhat mixed.  PRE saw its net earnings diminish from $224 million ($0.76 per share) in Q2/2012 to $58 million ($0.18 per share) in Q2/2013.  The reason for the reduced earnings was foreign exchange losses as well… Continue Reading

Canacol Energy (CNE:TSX) provided production results from its wells in Colombia and Ecuador.  CNE’s total corporate production in July averaged 10,120 boepd, of which 7,027 bopd was crude oil with another 3,093 boepd of gas.  Month over month growth in total corporate production was 17.5% (8,616 boepd in May and June) and 22% (5,794 bopd)… Continue Reading

Platino Energy Corp (PZE:TSXV) to sell its 50% WI in the Morpho Block in the Middle Magdalena Valley Basin in Colombia to Parex Resources (PXT:TSX).  As part of the deal, Parex will give PZE a 4% NPI royalty on the block.  This makes sense for PZE because they need to allocate capital efficiently, like everyone… Continue Reading

Yesterday I had another opportunity to hear Frank Giustra speak — this time at BCBusiness Magazine’s Top 100 event at Hotel Vancouver. In front of a crowd of 1,200, he was interviewed on stage by BCBusiness chairman Peter Legge. Frank Giustra became a millionaire in his early 20s financing small mining and energy companies. As Chairman… Continue Reading

A few minutes of career advice with mining and movie mogul and olive oil world champ Frank Giustra: Source: Frank Giustra honoured as Distinguished Alumnus | Douglas College

Michael Campbell of the World Financial Outlook Conference sat down with renowned resource investor Frank Giustra last Saturday, February 2, 2013. During their conversation, Giustra warned the audience not to expect the truth about inflation from central bankers. He commented, “Inflation is caused by the fear of inflation. Inflation is a self-fulfilling prophecy, and every… 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

Did you notice P. Lassonde is also wearing a Mandarin shirt collar, the same style as F. Giustra wore in our interview together? Is the Mandarin collar the secret handshake, so to speak, of the gold-bug elite? … It is obviously not a cost-savings measure… Thoughts?

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

I began to wonder about Frank Giustra ten years ago when he assembled a massive lot on my grandparent’s street in West Vancouver and built a spectacular waterfront home. Giustra had come from the investment industry I learned, where my dad and three uncle’s have worked for over 30 years. But he was unlike us,… 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

There was a 13.8% move upwards today in Petroamerica Oil Corp., stock symbol $PTA.v (bigchart), a company backed by well-known resource investor Frank Giustra. After market a news release came out that suggests PTA.v could have legs: Petroamerica Provides an Update on the Las Maracas-4 Well Results and Las Maracas Production, Colombia. More to come… Continue Reading

Iconic Canadian businessman Frank Giustra, co-founder of Lionsgate Films and countless mining companies, discusses the qualities and traits that made him such a (F)G. “Frank Giustra is a genius.” Doug Casey told me twice. . . There are few men in the world I admire more. Watch the interview: I think my favorite part is when… Continue Reading