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To: ms.smartest.person who wrote (2311)	4/10/2007 8:26:19 PM
From: ms.smartest.person	Read Replies (1) of 3198

&#8362 David Pescod's Late Edition April 10, 2007 NATURAL GAS (May Contract) $7.869 +0.323 DIAMOND TREE (T-DT) $3.40 -0.05 TUSK ENERGY (T-TSK) $1.79 n/c CINCH ENERGY (T-CNH) $1.19 +0.04 PRO-EX ENERGY (T-PXE) $15.55 +0.05 This is most likely or hopefully one of the weirdest charts you are ever going to see—the chart of natural gas for the May contract. Usually you need gas for heating, i.e. in winter and a little bit for cooling in summer, but the chart shows you what a weird year it has been for natural gas as it saw its peaks way back in the springtime and its bottom more recently in the wintertime. Natural gas is one of the big gainers on commodity markets today as weather throughout much of North America is decidedly frosty. The big question—are gas stocks finally near a bottom? We ask this because so many gassy stocks have been so battered up, many trading at thirty cents on the dollar, that if we ever do see a bottom on natural gas sometime soon, and heaven forbid even an upside as we get closer to next winter, should the old rule prevail again, there might be a little joy again in “Mudville.” Notice the charts on True Energy Trust, which is very much a gas. Diamond Tree Energy and Tusk Energy. BLUE PEARL MINING (T-BLE) $13.55 -0.20 When Canaccord publishes its Junior Mining Weekly, part of it that we always look forward to is the section called “Ink Spots”. Canaccord employs Ink Research, to keep up the changes on Insider Trading—of course it is not to evaluate or analyze, they say, purchases or sales, but to note for the interest of investors what insiders might be doing in a particular company! Currently, one thing that the market is experiencing is what we call “moly madness” - we’ve seen a huge and very successful floating of a Moly-Fund by Sprott Securities and of course molybdenum prices have been going through the roof and one of the big beneficiaries has been Blue Pearl Mining. Should it surprise us…or should it worry us that over the last 12 months, insiders have purchased only $2.7 million in equity, but sold $33 million in equity of Blue Pearl Mining. RALLY ENERGY (T-RAL) $6.00 +0.17 We really do have to thank Andy Gustajtis, the oil and gas analyst over at Dominick & Dominick, who has given us so many winners over the last while and thank him for forcing us to start covering Rally Energy not too long ago. The only news that they have ever been able to deliver seems to be “good news”. We have been trying to catch up with Abby Badwi, the man behind Rally that has successfully turned the company around but he’s on the road again – a place where he spends an awful lot of time. For an oil guy, based in Calgary, but with your major assets in Egypt and Pakistan you get lots of AIRMILE points. Rally announced, yesterday, that it has successfully completed drilling its West Issaran No. 1 exploratory well, which is located three kilometers west of the existing Issaran Field. This structural closure according to the announcement yesterday looks like it could be big – estimated at 4.5 square kilometers in size. They have some big intercepts with some pretty good porosity results and obviously the market is watching! A tad bit of bad news, though, in that first gas production in Pakistan has been delayed due to negotiations with the Government to finalize Provisional Gas Price Agreement (“PGPA”). If you would like to receive the Late Edition, email Debbie at debbie_lewis@canaccord.com

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