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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