February 15, 2010
Week In Review…
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Week In Review For
February 8 to 12, 2010
Canadian Companies mentioned include:
U.S. Companies mentioned include:
This week on AllPennyStocks.com:
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WEEKLY UPDATE – NORTH
AMERICAN MARKETS REBOUND AFTER EUROPEAN TURBULENCE,
CHINA BACK IN THE PICTURE
Insecurities in Europe, then Asia, wreaked
havoc on North American markets, until concrete
solutions encouraged folks to breathe a sigh of relief
this week.
The S&P/TSX Composite Index ended the week at 11,469.81,
an improvement of 246.69 points or 2.2%. The TSX Venture
Exchange grew to 1,498.75, getting better by 43.24 or
2.97%.
In New York, the Dow Jones Industrials grew by 86.91
points on the week to 10,099.14, a leap of 0.87%.
The broader S&P 500 picked up 9.32 points, or 0.87%, to
1,075.51, while the tech-rich Nasdaq index picked up
nearly 2%, or 42.41 points over five trading days, to
end the week at 2,183.53.
One of the main items on the international scene took
place in Asia. China told banks to raise reserves for
the second time in a month, in an effort to slow lending
and contain any inflation threat that could set back the
economic recovery.
The government boosted the reserve requirement for
financial institutions by a half-percentage point to
16.5% for big lenders and 14.5% for small lenders. Rural
lenders will see no change.
China kept its yearly target for bank lending unchanged,
suggesting it isn’t looking to cut back lending, so much
as slow the pace.
Elsewhere, European Union members meeting in Brussels,
Belgium, on Thursday said Greece must do whatever is
necessary to cut its huge budget deficit and that the
group would be prepared to step in if needed.
In recent weeks, Greece’s proposals to save money –
including cutting wages and raising the retirement age
– have prompted a series of worker strikes.
Although Greece’s impact is small, the nation’s
financial problems have sparked fears of a broader debt
crisis in Europe with Portugal, Spain, Ireland and Italy
among the other euro zone nations seen as having growing
debt problems.
In domestic economic news, Statistics Canada said
Wednesday that the country’s exports and imports both
advanced in December, resulting Canada’s trade deficit
with the world to widen to $246 million from $201
million in November.
Friday, StatsCan said New Motor Vehicle Sales increased
2.6% to 128,663 units in December, helped by higher
sales in North American-built passengers cars.
Stateside, a report released Tuesday said wholesale
inventories fell 0.8% in December after rising 1.5% in
November. Economists surveyed by Briefing.com thought
inventories would edge up 0.5%.
Wednesday, it was revealed that the U.S. trade deficit
grew to $40.2 billion in December from a revised $36.4
billion U.S. in November.
Friday, a report on January retail sales showed that
sales jumped 0.5%. Excluding automobiles, sales jumped
0.6%. Retail sales were expected to have increased by
0.3% in January.
Next week will be an abbreviated one on the economic
calendar, what with Ontario celebrating Family Day and
Americans taking Monday off also for President’s Day.
Tuesday features manufacturing figures from Canada,
followed Wednesday by wholesale trade. On Thursday,
Canadians hear about the Consumer Price Index and
international transactions in securities, concluding the
week on Friday with Employment Insurance, leading
indicators and retail trade.
In the States, building permits and housing starts roll
in on Wednesday, followed Thursday by leading indicators
and wholesale inflation numbers (Producer Price Index),
then retail inflation (Consumer Price Index) numbers on
Friday.
Among featured stocks, Petro Vista Energy Corp.
(TSX-Venture:PTV) gained a penny on the week or 5.4%, to
19.5 cents, while Richfield Ventures Corp.
(TSX-Venture:RVC) picked up 13 cents from its original
98 cents a share to $1.11 – a jump of 13.3% on the week.
On the other side of the border, Guardian Technologies
International Inc. (otcbb:GDTI) lost two cents on the
week, or 13.3% to finish the week at 13 cents, while
Rahaxi Inc. (OTCBB:RXHI), stayed put at 1.5 cents.
If you’d invested in all four stocks and toughed it out
the whole week, you still would have seen an average
improvement of 1.35%. But, if you’d invested in the four
and sold at their peaks, your jump would have been
12.4%.
Next week – a short one for markets throughout North
America – Canadian small cap stock investors can focus
on miner Groundstar Resources Ltd. (TSX-Venture:GSA) and
diversified services company Focus Ventures Ltd.
(TSX-Venture:FCV), while in the States, look for big
things from miner Petaquilla Minerals Ltd. (OTCBB:PTQMF)
and drug maker MabCure Inc. (OTCBB:MBCI).
Our latest U.S. Company Spotlight American Petro-Hunter,
Inc. (OTCBB:AAPH) announced substantial news this past
week. The Company provided updated information regarding
the nature of the Rooney Project, located in Ford
County, Kansas. The production of oil at Rooney appears
to represent the discovery of a new and unanticipated
reservoir. This conclusion is based on data resulting
from the test of promising 3D seismic information
targeting the Morrow sands in the area.
There appears to be great reserve potential in this
limestone reservoir given the aerial extent throughout
the acreage. The Company and engineers are now drawing
direct analogous comparisons to the Ingalls field, which
is another St. Louis Mississippian regional producer.
Historically, the Ingalls field produced over 2.5
million barrels from acreage that is smaller and from
pay zones less than what the Company has mapped at
Rooney. Given that Ingalls offers analogous data to
Rooney there is a heightened probability that with
proper development the Rooney project may exceed Ingalls
in scope. Current estimates by Company engineers
estimate this newly discovered potential to be in excess
of 3 million barrels.
The news is quite substantial and has undoubtedly been a
major catalyst for the continued price appreciation in
the Company’s stock as investors continue to want a
piece of the action. The Company is currently up around
7% since we spotlighted it last week and up about 100%
since the end of November, 09. With the continued
bullish sentiment, investors are encouraged to continue
to watch trading of AAPH.
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Forward Looking Statements
This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company’s growth expectations and ongoing funding requirements, and specifically, the Company’s growth prospects with scalable customers, and those outlined above. Other risks include the Company’s limited operating history, the Company’s history of operating losses, consumers’ acceptance, the Company’s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company’s securities, the possible volatility of the Company’s stock price, the concentration of ownership, and the potential fluctuation in the Company’s operating results.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company’s expectations and estimates. This is an advertisement for the above mentioned companies. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
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efforts in presenting the AAPH profile on its
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