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[JonnyR512]

I think ANG is a good buy. on the 31st they received a $3.25 mil loan to payoff some debt, as well with current production levels at 336BOE/D with 77 mil O/S, it seems to be a good play for the price. Yes its all nat gas, but they also mentioned on Nov.27th that they will be focusing on oil, as well as a bakken drill. Insiders own almost half of all outstanding shares, as per SEDI.

"
No drilling for natural gas is planned in the short term. Subject to the company's ability to implement an effective recapitalization plan, the company's efforts will be directed to four oil opportunities for three Jurassic Shaunavon oil targets (100 per cent) and a Bakken exploration well (50 per cent).

The company's large Montana block (400,000 gross acres and 270,000 net acres) has few expiries. Many leases are held by the existing production. "


AltaCanada Energy Corp
Symbol ANG
Shares Issued 74,738,734
Close 2009-12-30 C$ 0.08
Recent Sedar Documents

AltaCanada enters $3.25-million loan agreement

2009-12-31 13:41 MT - News Release

Mr. Don Foulkes reports

ALTACANADA ENTERS INTO CREDIT FACILITY AND ISSUES WARRANTS

AltaCanada Energy Corp. has entered into a credit facility with Brookfield Bridge Lending Fund Inc. and ANG Partners Ltd. providing for a loan of $3.25-million. The interest rate on the loan is 8 per cent per annum and the loan is due July 30, 2010. Proceeds from the private placement were used to pay down bank debt as discussed in the corporation's third-quarter report and to provide a $500,000 operating line of credit. In connection with the credit facility the corporation has issued each of Brookfield and ANG Partners warrants to purchase one million common shares of the corporation at 10 cents per share until Dec. 30, 2011.

Pursuant to the policies of the TSX Venture Exchange and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, the entering into the credit facility and the issuance of the warrants is a "related-party transaction" as ANG Partners, which is controlled by James Collins, a director of the corporation, is providing 50 per cent of the loan and receiving 50 per cent of the warrants.

The credit facility and warrants was approved by four of the five directors, Mr. Collins having abstained from the vote. The directors who voted determined that exemptions from the formal valuation and minority-shareholder approval requirements under MI 61-101, are available since the fair-market value of the consideration paid by the related party in connection with the credit facility and warrants is for an amount less than $2.5-million.

Upon exercise of all of the warrants, Mr. Collins will own or control 16,576,591 common shares or 21.6 per cent of the outstanding common shares. Mr. Collins also owns or controls a $1,519,650 convertible debenture that is convertible into common shares at 35 cents per share, a $1-million convertible debenture that is convertible into common shares of 10 cents per share and stock options exercisable for 245,000 common shares at an average exercise price of 35 cents per share.

[JonnyR512]

looks like CPG just bought some assets right where ANG will be drilling. Just like RYD, REL, ATK, I see ANG taking off.


Crescent Point Energy Corp
Symbol CPG
Shares Issued 149,438,566
Close 2010-01-14 C$ 38.66
Recent Sedar Documents



Crescent Point closes Saskatchewan acquisition


2010-01-15 12:48 MT - News Release

Mr. Scott Saxberg reports

CRESCENT POINT ENERGY COMPLETES ACQUISITION OF LOWER SHAUNAVON ASSETS FROM PENN WEST ENERGY TRUST

Crescent Point Energy Corp. has completed the previously announced acquisition of certain assets in southwest Saskatchewan from Penn West Energy Trust. With completion of the acquisition, Crescent Point acquires approximately 3,500 barrels of oil equivalent of high-quality production, 86 per cent of which is from the Lower Shaunavon crude oil resource play, approximately 172 net sections of undeveloped Lower Shaunavon land, and proven and probable reserves of 27.5 million boe.

Total consideration paid includes Crescent Point's 100-per-cent working interest in the Pembina Cardium play recently acquired through its arrangement with TriAxon Resources Ltd., a 50-per-cent working interest in Crescent Point's Dodsland Viking play and $434-million of cash.

Net of the Pembina assets and the Dodsland assets, Crescent Point acquires from Penn West approximately 2,900 boe per day of high-quality production and reserves of approximately 20.8 million boe, proven plus probable.

We seek Safe Harbor.

[JonnyR512]

AltaCanada Energy Corp
Symbol ANG
Shares Issued 75,016,962
Close 2010-02-19 C$ 0.07
Recent Sedar Documents


AltaCanada $3.25-million debenture financing


2010-02-22 14:10 MT - Private Placement - Debenture

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for AltaCanada Energy Corp. of non-convertible debentures with attached warrants announced Dec. 31, 2009.

Non-convertible debentures: $3.25-million

Maturity date: Dec. 31, 2011

Warrants: two million share purchase warrants to purchase two million shares

Warrant exercise price/term: 10 cents expiring on Dec. 31, 2011

Hidden placee: one

Insider: ANG Partners Ltd. (James Collins) $1,625,000, one million warrants

There is no finder's fee.

[JonnyR512]

Level 2 looking good, bids building and asks thinning out. That update next week should make this hit the mid teens to low 20's

Level 2

Orders/Shares Price Price Shares/Orders

4 / 222000 0.085 0.1 34000 / 1
2 / 15000 0.08 0.115 20000 / 1
1 / 100000 0.075 0.12 37000 / 1
5 / 117000 0.07 0.73 20000 / 1
3 / 64000 0.06 0.87 3000 / 1
1 / 100000 0.02 0.99 1000 / 1

[JonnyR512]

3 different stock analysis sites have rated ANG a solid buy

Stock Tech --> Stock Technical Analysis

Stoxline --> Stoxline Canada Site: Stock Technical Analysis, Stock Rating

Barchart --> Barchart.com - Advanced Technical Opinion - ANG.VN Altacanada Energy Corp. TSXv

[JonnyR512]

AltaCanada Energy Corp
Symbol ANG
Shares Issued 75,130,058
Close 2010-03-29 C$ 0.075
Recent Sedar Documents



AltaCanada Energy arranges rights offering


2010-03-31 15:24 MT - News Release

Mr. Donald Foulkes reports

ALTACANADA RIGHTS OFFERING

AltaCanada Energy Corp., subject to all necessary regulatory approvals, will be issuing rights to all shareholders at the applicable record date to purchase approximately 1.424 common shares for each common share then held, at a expected price of seven cents per share, for a maximum aggregate of approximately $7.5-million. The rights and the Common Shares issuable on the exercise of the rights will be qualified by prospectus. The rights will trade for a period of at least 21 days to allow shareholders who do not wish to exercise their rights an opportunity to sell such rights. Shareholders will be allowed to subscribe for as many Common Shares as they wish in order to participate in a prorate allocation of Common Shares issuable on rights not otherwise exercised. The Company anticipates the rights offering will be concluded by the end of May, 2010.

ANG Partners, Ltd. an affiliate of James Collins of McAllen, Texas, a director and substantial shareholder of the Company, has agreed to backstop $ 5,020,000 of the rights issue and will subscribe for 71,714,286 Common Shares. In the event that all the rights issued are exercised, ANG's subscription would be reduced to 22,181,065 Common Shares. Following the rights offering, if fully exercised, the Company will have 175,000,000 Common Shares outstanding and James Collins will own or control between 37,757,656 and 87,290,877 Common Shares.

The use of proceeds from the issue will be to provide working capital for development and acquisition opportunities and for repayment to creditors, including holders of $ 3.174 million of convertible debentures. The company's first priority will be to maintain natural gas production from the Company's existing lands through refrac's and low risk recompletions. Oil targets in both the Jurassic Shaunavon and Bakken formations are being developed adjacent to the Company's Montana block. The additional capital raised may pursue these targets or in combination with appropriate farmout arrangements.

Subsequent to the rights issue, AltaCanada intends to consolidate the share capital of the Company on a 1 for 10 basis, and rename the Company, Montana Oil and Gas Corp. A shareholders meeting held on January 11, 2010 approved these matters.

Financial results of 2009 and reserve report effective December 31, 2009 will be published on or before April 16, 2010.

The Company is engaged in the acquisition, exploitation and production of crude oil and natural gas reserves in Western Canada and Montana. For more information on the Company, visit AltaCanada Energy Corporation - Public Information.

We seek Safe Harbor.

[JonnyR512]

ANG MD&A is out

Althought 2009 wasnt the greatest year for ANG, it looks like 2010 should be quite interesting for the company. With a major shareholder forking up some serious cash, and the company owning a massive sized property right in the bakken oil field, we should be able to have some great drill programs this year that could turn this company around. Prior to the rights offering, ANG was able to raise $3.25 million for debt and working captial from the same major shareholder offering $5 million for the rights.

Right from the MD&A:

Outlook

AltaCanada will be conducting a rights offer to raise up to $7.5 million, to finance its oil exploitation program and to further reduce debt

associated with trade payables and outstanding Convertible Debentures. A major shareholder of the Corporation has provided a standby

commitment to purchase at least 71,714,786 Common Shares for an aggregate $5.02 million, paying $2.52 million in cash and converting

debentures valued at $2.5 million.

In addition to these efforts, AltaCanada has had extensive discussions with several corporate entities with regard to a potential business

combination or major recapitalization. Several potential joint venture partners have also expressed an interest in our oil program. Recent oil

successes in nearby areas in Montana have fanned interest in AltaCanada’s large land block.

[JonnyR512]

also important:
2010 Activities
A major shareholder and director has agreed to backstop $5.02 million of this offering.
These funds will be directed to several Jurassic (Lower Shaunavon) oil opportunities previously identified by seismic selected high return gas recompletion opportunities, and repayment of certain financial obligations.
The Jurassic oil targets are at about 4200 feet and cost approximately $450K to drill and case. This zone produces from other
pools in the area having initial productivities in the 200b/d to 400b/d.
In addition, two wells that were drilled and abandoned in the early 1950’s, encountered what appears to be porosity,
permeability and resistivity in the middle Bakken at 4800 feet. While these data are based on old, poorer quality logs the
Bakken objective, although of high risk has a huge potential of several hundred million barrels if successful. The Bakken
zone produces extensively in eastern Montana, in Richland County, and has recently been discovered in Glacier County to
the west. A vertical well to test this objective would cost approximately $600K.

[JonnyR512]

ame and Municipality of
Residence
Position Held
and Date of
Appointment as
Director Principal Occupations
Number and (11)
Percentage of Common
Shares
Charles V. Selby(4)
Calgary, Alberta
Chairman and
Director since
1997
Chairman and Director of the Corporation; President of
Caledonian Royalty Corp., Director of Vecta Energy
Corporation; Director of the Qwest Energy Group of
Companies, NXT Energy Services Inc., Bridge Resources
Corp., and Wellpoint Systems Inc.
1,591,093 (2) / 2.1%
Donald E. Foulkes
Calgary, Alberta
President, Chief
Executive Officer
and Director since
2002
President, CEO and Director of the Corporation; Director
of Second Wave Petroleum Ltd.., and Quadrise Canada;
CEO and Chairman of Bushmills Energy Corp. (2001 to
2002); CEO and Chairman of Causeway Energy Corp.
(1998 to 2001).
2,368,879/ 3.2%(5)
Michael J. Hibberd(1) (2) (3)
Calgary, Alberta
Director since
1997
President of MJH Services Ltd. (Corporate Finance
Advisors) (1995 to present); Chairman of Heritage Oil
PLC and Canacol Energy; Director of Avalite Inc.,
Zapata Energy Corporation, Iteration Energy Corp and
Pan Orient Energy Corp.
570,000 / 0.8% (6)
John R. Moore(1) (2) (3)
Calgary, Alberta
Director since
1997
President of J.R. Moore and Associates Ltd. (1998 to
present).
300,000 / 0.4%(7)
James W. Collins(1) (2) (3)
McAllen, Texas
Director since
2007
Chairman of Rioco Corp. (1983-present); President of
Mayfair Properties LLC. (1980-present) Corporate
Secretary and Assistant Vice President, Sunshine Mining
Company (1977-1980). Mr. Collins presently serves on
several Boards of Directors of several corporations and
institutions, and was previously on the Board of both
Causeway Energy Corp., and Bushmills Energy Corp.
15,576,591(8) / 20.7%
Donald L. Jackson
Calgary, Alberta
Executive Vice
President and
Chief Operating
Officer
Executive Vice President and COO of the Corporation
since 2001; Independent Management and Petroleum
Consultant (December 1997 to present).
990,479(9) (10) / 1.3%
Brian A. Page
Calgary, Alberta
Vice President,
Finance and Chief
Financial Officer
Vice President, Finance and CFO of the Corporation
since May 2008; Controller, of the Corporation, July
2006 to April 2008; Controller Churchill Energy Corp.,
February 2005 to June 2006.
326,979(11) / 0.4%
Notes:
(1) Member of the Audit Committee. The Corporation does not have an Executive Committee.
(2) Member of the Compensation Committee.
(3) Member of the Reserves Committee.
(4) Mr. Selby holds options exercisable for the purchase of 363,333 additional shares.
(5) Mr. Foulkes holds exercisable options for the purchase of 363,333 additional shares.
(6) Mr. Hibberd holds options exercisable for the purchase of 338,333 additional shares.
(7) Mr. Moore holds options exercisable for the purchase of 368,333 additional shares.
(8) Mr. Collins holds options exercisable for the purchase of 188,333 additional shares.
(9) Includes 71,000 Common shares held by Mr. Jackson’s spouse.
(10) Mr. Jackson holds options exercisable for the purchase of 288,333 additional shares.
(11) Mr. Page holds options exercisable for the purchase of 291,667 additional shares.
(12) As at March 31, 2010, the Corporation had 75,130,058 shares outstanding.
The information as to the Common shares beneficially owned or over which control or direction is exercised, not being
within the knowledge of the Corporation, has been furnished by the respective individuals.
31
As at the date hereof, the directors and executive officers of AltaCanada, as a group, beneficially own, or control or direct,
directly or indirectly, 20,333,084 Common Shares or approximately 27.34% of the issued and outstanding Common Shares.

[JonnyR512]

Looks like another random house is starting to buy up shares between 7-8 cents. Since April 1st, Fidelity has taken a 560k position and they will come out of the blue to take out any sellers at these prices. Lots of the resistance from the 9-10c level that moved down got taken out by house 22. Rights offering should be done at the end of this month and hopefully we get some bakken drilling next month.

Its too bad that nat gas prices are still low, because if ANG had all their nat gas wells activated right now, they should be doing around 1000BOE just in nat gas. After the rollback, if the oil drills go well and nat gas recovers, this will be a huge mover for 2011. 1000BOE + 1000BOPD is not out of the question. I think thats why James Collins wants such a large position in the play.

Here are all the house positions for : ANG from 4/1/2010 to 5/11/2010.


17 Records Returned


House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
22 Fidelity 561,000 42,580 0.08 0 561,000 -42,580

27 Dundee 300,000 21,000 0.07 0 300,000 -21,000

33 Canaccord 136,000 11,300 0.08 28,000 2,045 0.07 108,000 -9,255

62 Haywood 100,000 8,225 0.08 0 100,000 -8,225

1 Anonymous 30,000 2,100 0.07 0 30,000 -2,100

36 Latimer 22,000 1,430 0.07 0 22,000 -1,430

9 BMO Nesbitt 20,000 1,400 0.07 0 20,000 -1,400

6 Union 3,000 216 0.07 600 48 0.08 2,400 -168

79 CIBC 40,000 3,070 0.08 55,000 3,930 0.07 -15,000 860

58 Qtrade 0 30,000 2,100 0.07 -30,000 2,100

81 HSBC 0 60,000 4,200 0.07 -60,000 4,200

46 Macquarie 0 73,500 5,890 0.08 -73,500 5,890

80 National Bank 0 77,000 5,465 0.07 -77,000 5,465

121 Jennings 0 109,500 8,985 0.08 -109,500 8,985

85 Scotia 57,000 4,390 0.08 198,500 15,350 0.08 -141,500 10,960

2 RBC 0 250,200 18,831 0.08 -250,200 18,831

7 TD Sec 273,600 19,213 0.07 660,300 48,080 0.07 -386,700 28,867
Total 1,542,600 114,924 0.07 1,542,600 114,924 0.07 0 0