Small Funds Still Flying the Flag

May 27, 2009

NEW YORK (MarketWatch) — The biggest mutual fund firms are well known to investors, but this year some small funds are also making a name for themselves.

Take Encompass Fund (ENCPX 6.51, +0.01, +0.15%) , up 62% this year as of Wednesday’s close. The fund, which will celebrate its third anniversary on June 30, has less than $3 million in assets but its managers hope it will eventually have up to $200 million.

Another small fund, the $30 million Teberg Fund (TEBRX 8.23, -0.02, -0.24%) , is up 10.5% after slumping 27% last year. The Duluth, Minn.-based fund is run by former broker Curtis Teberg and invests in other mutual funds and exchange-traded funds.

Click here for the full story.


2009 World Resource Conference – June 7-8, 2009

May 27, 2009

CH1Torrey Hills Capital/BabyBulls.com will be attending the 2009 World Resource Investment Conference in Vancouver Canada June 7-8. We are looking forward to seeing many of our clients and meeting some new contacts at the show! The show is free to attend if you preregister – you can do that online at www.cambridgehouse.ca

If you would like to meet up with us in Vancouver just send an email to info@babybulls.com  and we can arrange a time.


BabyBulls Update: Buy Recommendation and C$0.90 Price Target for ECU Silver

May 22, 2009

In this morning’s Daily Research Highlights, Blackmont Capital of Toronto maintains its BUY recommendation and C$0.90 target price on ECU Silver (TSX: ECU), based on 1.0x NAV.  ECU is currently trading at an EV/oz of total resource of $0.55/oz, well below the average of $1.01/oz for its junior producing peers and still below even the $0.67/oz average for the junior exploration group.

A copy of the research report is available at http://bkm.bluecurve.net:8080/BlueCurveRMS/pdfs/971220.pdf.


ECU Silver Provides Update on Mill Operations

May 21, 2009

 

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In a press release this morning, ECU Silver Mining Inc. (TSX: ECU) reported the pouring of a total of 78 silver/gold dore bars in the past month.  The silver/gold dore bars have a total weight of 1,575 kilograms (kg).  Assays indicate that these dore bars contain a total of 626 ounces of gold and 30,544 ounces of silver.  The Company also poured an additional 13 bars this week, assays for which will be known later, and expect to pour 300 to 450 kg of dore per week, depending on silver assays of the feed.

 

ECU  has sent samples of its dore to different interested buyers and are in the process of reviewing several term sheets from these potential buyers of our dore bars. The interest in the Company’s dore product has been very strong and so far have received offers from seven different buyers. The Company has sold 730 kg of dore bars to date and have a planned shipment of another 1,100 kg for later this week to two separate buyers.

 

The oxide mill continues to operate very well. Over the next few weeks, ECU plans on increasing the throughput of its gold and silver recovery oxide plant to a rate of 500 tonnes per day.

 

This pretty much says it all and indicates that operations of the recently acquired mill continue to go quite well.  Using current gold and silver prices, the Company has produced approximately $1 million worth of gold and silver.  Significantly, the Company indicated its intention on increasing throughput at the plant to a rate of 500 tonnes per day.  With its enormous resource of more than 431 million silver equivalent ounces in combination with its current and planned production capabilities, we look forward to the growth of the Company and its progress and success going forward.  As always, we will provide timely reporting and analysis of ECU’s activities to ensure that we maintain an informed investor audience. 

 

For more detailed information about ECU Silver, its properties, and its opportunities, please look at the investment overview available at http://www.babybulls.com/profile_ecu.htm.

 

For information on this as well as other promising emerging growth micro-cap companies, please visit us at www.babybulls.com.

 

BabyBulls Disclaimer: This information is provided by BabyBulls.com to provide readers with information on selected publicly traded companies. The reader should verify all claims and complete his or her own due diligence before investing in any securities of profiled companies. BabyBulls.com has been retained to provide investor relations services for some of the companies mentioned in this profile and receives compensation for those services. Further, BabyBulls.com and its employees and affiliates may own, or may purchase and sell, securities of the companies profiled. BabyBulls.com undertakes no obligation to inform readers about the ownership or trading activities of it or its employees or affiliates in the securities of the profiled companies. BabyBulls.com has the following compensation arrangements with the companies profiled in this email: ECU Silver five thousand dollars per month plus one hundred fifty thousand options exercisable at C$0.70.  Neither BabyBulls.com nor anyone involved in the publication of this email is a registered investment adviser or broker/dealer. BabyBulls.com makes no recommendation that the purchase of securities of companies profiled in this email is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. An investor in such securities should be prepared and able to bear a loss of his or her entire investment. Nothing in this email should be construed as an offer or solicitation to buy or sell any securities of any profiled company. See the babybulls.com website for full disclaimer information.

 

ECU Disclaimer: This investment brief is not a publication by ECU Silver Mining Inc. As disclosed in the Company’s public documents, there are no assurances that all or any part of its resource estimate or that all or any part of its mineral potential will be economically viable. Until a prefeasibility study is completed, there are no assurances the release of its updated mineral resource will be economically viable. The mineral potential of the Velardeña District property is conceptual in nature and there has been insufficient exploration conducted within the mineral potential evaluation to define a mineral resource. It is also uncertain if further exploration will result in the targets being delineated as mineral resources. Based on N.I. 43-101 standards of disclosure for mineral projects, mineral resource estimates must not add inferred mineral resources to the other categories of mineral resources. ECU Silver does not endorse any disclosure to the contrary.


It Is Now

May 20, 2009

It Is Now

We are approaching the beginning of the final drama in this unfolding OTC derivative meltdown. This is the beginning period for the 5th leg of Alf Field’s correct analysis.

This is the re-acceleration of the long down wave in Martin Armstrong’s Business Cycle analysis. This is the approach of the acceleration of the gold price into my price objective of $1650 by January 14, 2011.

Posted using ShareThis


BabyBulls.com Update: Dejour Enterprises, Ltd.

May 19, 2009

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April 12, 2009- -Dejour Enterprises Ltd. (NYSE-AMEX: DEJ; TSX: DEJ)

 

Dejour Enterprises Ltd  (NYSE-AMEX: DEJ; TSX: DEJ) released a new Corporate Profile this week with operational highlights for a number of their key oil and gas prospects, outlining drilling plans as well as prospective targets values of natural gas and oil resources. Dejour has spent the last two quarters restructuring their balance sheet by paying down debt levels and instituting a series of cost cutting measures to reduce cash expenditures by $2M per year. Dejour’s current net revenues from production revenue cover the Company’s Canadian operations. During this time the Company has also completed two joint venture partnerships which will contribute major new drilling funds to projects without Dejour having to come out of pocket to fund capital expenses.

 

Dejour present growth opportunities are significant, targeting present value (PV) levels totaling approximately CAD$800 million dollars in oil and gas assets from their core energy prospects.

 

The properties covered in the report include: Gibson Gulch, Roan Creek, Montney, Woodrush, and Rangley.

 

Highlights from the report include:

 

Gibson Gulch – Western Colorado 2,200 acres (1,585 net) formation: Williams Fork/Mancos combination

• Estimated 179 BCF (103 BCF net) resource in Williams Fork

• Potential Value: $95M net at 90¢ per Mcf

 

Roan Creek – Western Colorado 1,500 acres (1,080 net) formation: Williams Fork

• 50M+ BCF (net potential) resource

• Resource Value: $50M at 90¢ per MCF

 

Montney – North East British Columbia 6,350 acres in a new Montney discovery area

• Potential Value: $200M, based on 220 BCF+ at 90¢ per BCF

• Recent Montney/Doig discovery in the area yielded 12MMcf/d, the best producer to date in this play

 

Woodrush – North East British Columbia: currently producing six wells and developing a drilling plan for 2009

• Current production at 3.0MMcf/d and 165 boe/d (665 BOE/day equivalent at the conversion rate of 6,000 cubic feet of natural gas per barrel of oil).

• Reserves estimated to grow from 1,100,000 BOE to 3,000,000 BOE

 

Rangley Western Colorado JV with Laramie Energy 22,000 acres –  33% interest

• 200+ sites could yield 100Bbl/d per well

• Gross reserves = 50 million BO

• Potential value to Dejour = $250M at $15/Bbl

With rig counts continuing to fall in North America, it is anticipated that new supply streams of domestically produced oil and gas will not be available to keep pace with demand and prices down over the mid to longer term. In fact, over the past week or so, we have seen the price of natural gas move up sharply from recent lows to break the $4.00 per mcf level.  This is an example of just how quickly energy prices can move based on incremental supply. With Dejour moving forward on a number of fronts to increase both their daily production (about 665 barrels per day oil equivalent currently from their Woodrush property) as well as proven reserves, we see this Company well positioned to take advantage of lower drilling and operational costs to improve their operating numbers and add value to their large portfolio of land holdings. With what many expect to be eventual improvement in pricing for both oil and gas energy components, these efforts should increase value for Dejour and their shareholders as strength comes back into the energy markets.

The full corporate profile with additional information on each of these oil and gas plays is available at: www.babybulls.com/Dejour_Corporate_Profile-05-01-09.pdf

We will continue to keep you updated on Dejour’s progress here at Babybulls.com

 

Disclaimer: This information is provided by BabyBulls.com to provide readers with information on selected publicly traded companies. The reader should verify all claims and complete his or her own due diligence before investing in any securities of profiled companies. BabyBulls.com has been retained to provide investor relations services for some of the companies mentioned in this profile and receives compensation for those services. Further, BabyBulls.com and its employees and affiliates may own, or may purchase and sell, securities of the companies profiled. BabyBulls.com undertakes no obligation to inform readers about the ownership or trading activities of it or its employees or affiliates in the securities of the profiled companies. This information post is a production of BabyBulls.com 2190 Carmel Valley Road, Suite G, Del Mar CA 92014.  BabyBulls.com has the following compensation arrangements with the companies profiled in this email: Dejour three thousand dollars per month and 125,000 options at $0.45. Neither BabyBulls.com nor anyone involved in the publication of this email is a registered investment adviser or broker/dealer. BabyBulls.com makes no recommendation that the purchase of securities of companies profiled in this email is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. An investor in such securities should be prepared and able to bear a loss of his or her entire investment. Nothing in this email should be construed as an offer or solicitation to buy or sell any securities of any profiled company. See the babybulls.com website for full disclaimer information.


BabyBulls.com Update: Dejour Enterprises, Ltd.

May 19, 2009

DEJ_Logo-new-small

 

 

April 1, 2009 – Dejour Enterprises Ltd. (NYSE-ALT: DEJ; TSX: DEJ)

 

Dejour Enterprises Ltd (NYSE-ALT:DEJ;TSX:DEJ) announced production data and proven reserve estimates for year-end 2008 with a current production rate capability of 1,000 BOE/day (barrel of oil equivalent per day), up from a production rate of zero in 2007 and a 2P (proven and probable) reserve base of 1,073,000 BOE (barrels of oil equivalent – made up of 60% oil), an increase of 59% from year-end 2007.  In the release Dejour also announced that they have increased the value of their 2P reserves over 800%  from C$3.3 million at year end 2007 to C$30 million at year end 2008.

 

These are fantastic growth rates to be sure and Dejour is anticipating additional production growth from its existing Woodrush field, as well as from their many current drilling targets – with stated plans in today’s release to grow from the current 1,000 Boe/day rate to a target of 5,000 Boe/day production within a 3-year time horizon.

 

Commenting on today’s news, Robert L. Hodgkinson, Dejour’s Chairman and CEO stated: “Dejour has prepared its 2009 plan based on its 2008 accomplishments.  Year end 2008 was a shocking period for the energy sector in which we saw our reserve values drop by C$28MM from June 30, 2008, solely a reflection of commodity prices. The drop to a 7-year low in natural gas prices, combined with the onset of a restrictive credit cycle has caused Dejour to reassess its business model, concentrating its efforts in 2009 on maintaining cash resources, while developing at a moderated pace, assets with the highest potential for short term gains, and protecting our valuable land positions.”

 

The energy markets have been in a difficult pricing environment over the past six months to say the least, which has affected all companies in this sector, including Dejour. These market forces have caused the Company to reassess their growth strategy and adjust their operating plans accordingly. Today’s release addresses these issues wherein the Company is taking steps to optimize the value of their producing and non-producing assets and is considering a number of steps including the use of additional credit facilities combined with the disposition of some non-core land/production assets that would let them best utilize available Corporate resources to grow the Company. Dejour states that they are considering these measures to continue to grow the Company while staying focused on minimizing dilution to existing shareholders.

 

That being said, Dejour announced an aggressive production growth strategy with drilling activity planned for a number of their project areas. At the Company’s Woodrush, BC property (mostly oil based production) Company owned 3D seismic indicates that 3 oil wells and one gas well should be drilled and placed into the existing $7 million production facility that was completed in 2008, 100% owned by Dejour. Dejour plans to drill as many of these wells as possible in the summer months, when rig utilization is very low and drill contracts can be prudently negotiated without the strain of weather related deadlines. Dejour anticipates that drilling at Woodrush should significantly enhance their proven reserves and expects to have additional oil wells tied in and producing by year end 2009.  Given the fact that the current engineering report is only giving Dejour about 240K recoverable barrels per well (when analogous wells in the region command reserve levels of around 1,000,000 barrels per well) we see additional upside to Dejour’s reserve report once there is a little more history to the well’s production profiles, giving Dejour’s independent engineering group confidence to up the proven/probable numbers for these wells.

 

In addition to Woodrush, Dejour highlighted operational plans for the Company’s joint venture programs in the Piceance Basin region. Dejour is in talks with industry and non industry partners to pursue joint ventures to expedite exploration to prepare proven reserve drill sites for the return of the gas market. This would include lease holdings at Roan Creek, and Gibson Gulch held and operated by Dejour.  These properties are over the basin centered Williams Fork sands of the Piceance Basin.  The Company also reiterated the fact that drilling plans are expected to commence with joint venture partner Laramie Energy II at the Rangely prospect around the third quarter of 2009, wherein Laramie Energy stands to earn a 55% interest in 22,000 gross acres by drilling and completing 4 commercially successful oil wells.  

 

Closing comments in the release were provided by Robert L. Hodgkinson with his outlook on the energy markets and Dejour’s potential to grow the value of the Company going forward: “We believe that oil and gas commodity prices can sharply rebound from the current credit crunch induced level over the next 6 – 18 months. Dejour’s inventory of well located properties can yield outstanding returns in these volatile times. One of North America’s most respected money managers commented recently that one of the few things he could trust is energy.  Management is committed in utilizing all its energies to crystallize for shareholders the value of our company”.

 

Dejour has just released a new Company presentation that details their current value drivers and operational plan for 2009 in rich detail. We recommend that everyone get over and review this document to see their current milestone accomplishments as well as the many projects Dejour is looking to move forward on in 2009 to grow shareholder value.

 

The presentation is available on the Company’s website at:  http://www.dejour.com/docs/dejour%20corporate%20presentationapril09.pdf

With so much completed to date by the Company in terms of developing and proving up their reserve/production base – and with a number of excellent projects on the near term horizon we continue to see Dejour as an outstanding Company to gain exposure to the energy sector. With both energy at recent low pricing ranges and the price of Dejour’s stock at, or near it’s historical low – this could be a better opportunity than it’s ever been.

The full text of today’s press release is available at: http://finance.yahoo.com/news/Dejour-Provides-2009-bw-14811821.html

We will continue to keep you updated on Dejour’s progress here at Babybulls.com

 

Disclaimer: This information is provided by BabyBulls.com to provide readers with information on selected publicly traded companies. The reader should verify all claims and complete his or her own due diligence before investing in any securities of profiled companies. BabyBulls.com has been retained to provide investor relations services for some of the companies mentioned in this profile and receives compensation for those services. Further, BabyBulls.com and its employees and affiliates may own, or may purchase and sell, securities of the companies profiled. BabyBulls.com undertakes no obligation to inform readers about the ownership or trading activities of it or its employees or affiliates in the securities of the profiled companies. This information post is a production of BabyBulls.com 2190 Carmel Valley Road, Suite G, Del Mar CA 92014.  BabyBulls.com has the following compensation arrangements with the companies profiled in this email: Dejour three thousand dollars per month and 125,000 options at $0.45. Neither BabyBulls.com nor anyone involved in the publication of this email is a registered investment adviser or broker/dealer. BabyBulls.com makes no recommendation that the purchase of securities of companies profiled in this email is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. An investor in such securities should be prepared and able to bear a loss of his or her entire investment. Nothing in this email should be construed as an offer or solicitation to buy or sell any securities of any profiled company. See the babybulls.com website for full disclaimer information.