by Gold Editor on March 8, 2010
A Storm is Brewing
By John Townsend, The Smart Money Tracker
When the tech bubble burst in 2000, Greenspan tried to “fix” the problem by cutting rates and printing money. Fix the problem he did … well sort of! What Greenspan did was create two new bubbles in the credit and real estate markets to replace the tech bubble that had burst. Millions of jobs were created in these two industries. Much needed jobs to replace the ones lost as the tech boom came to an end.
I think we will all admit it was one heck of a party, but like all good parties there’s a price to pay. The Hangover!
A_Storm_is_Brewing
by Gold Editor on March 5, 2010
PETROMANAS ENERGY INC (PMI-TSX Venture): INITIAL REPORT
Petromanas Energy Inc. has acquired 100% interest in three Albanian onshore oil and gas production sharing contracts containing six licence areas. Similar to Bankers Petroleum, the Endeavour Financial group is behind the formation of this Albania-located deal. Bankers and its shareholders enjoyed significant success with their Albanian oil field reworks, and while a very different type of play, Petromanas also has an exceptional risk-reward profile.
Petromanas’ acquisition is in a major onshore exploration area with P50 recoverable resources of 6.1 billion barrels net to Petromanas proved by drilling of a deep well by Occidental Petroleum, seismic exploration and independent, NI 51-101 compliant valuations. Petromanas paid less than 5 cents per recoverable barrel Market Valuation.
Growth Stocks Weekly Initial Report on Petromanas Energy Inc.
