**BULLETIN / Kerm's Listing Revisions - Changes
I have restructured my Listings and Portfolio's (L&P).
Because of their market capitalizations, Pan East Petroleum, Richland Petroleum and Upton Resources have been transferred to my Speculative 12 L&P from the Top 20 L&P.
In addition, I have added one company to the listing, now bringing the list to a total of 21 companies. As a result, I am renaming both the L&P to "Top 21 Selections".
----------------------------------------------------------------------
Purchase of shares in the below listed companies were made Wednesday and these companies were added to the Top 21 L&P.
Added Top 21 Listing & Portfolio Specifics
Alberta Energy 100 shares @ $27.90 = $ 2,790.00
Berkley Petroleum 200 shares @ $13.30 = $ 2,660.00
Northrock Resources 100 sharesa @ $21.75 = $2,175.00
Rio Alto Exploration 200 shares @ $11.20 = $ 2,240.00
----------------------------------------------------------------------
Last Wednesday I decided to eliminate Prize Energy from the Speculative 12 Listing and Portfolio. I continue to like the long term prospects for the company and will give the company another look/see in the third quarter of 1998. The determining factor behind my decision is the long delay until the Waterton wells are tied in for production. I don't see it happening prior to September.
Eliminating PZI lowered the number of companies in this L&P to ten. I have since transferred the three companies mentioned above, bringing the total listing to thirteen companies. I have decided to list an additional two companies, bringing the total to fifteen. I am renaming the listing as my "Speculative 15 Listing".
Last Wednesday, the following transactions were made.
Sold Prize Energy 8,200 shares @ $0.54 = $ 4,428.00
Bought Draig Energy 1,500 shares @ $1.45 = $ 2,175.00
Bought Wolverine Energy 2,000 shares @ $1.10 = $ 2,200.00
----------------------------------------------------------------------
Also last Wednesday, I increased the Service 7 L&P to bring that total to nine companies. The L/P is now renamed "Service 9".
The following additions were made.
Bought Badger Daylighting 400 shares @ $5.50 = $ 2,200.00
Bought Artisan Corp 200 shares @ 10.50 = $ 2,100.00
Bought Tetonka Drilling 1,000 shares @ $2.40 = $ 2,400.00
----------------------------------------------------------------------
In total, 45 companies comprise all three Listings and Portfolios. My intention is to continue an overweight of investment in the Top 20 Portfolio.
The total changes above necessitated a cash infusion into the portfolios totaling $17,500.00. I have also established a cash position of $7,500.00 for further investment which will probably be expended on or around April 1st. In total, including cash and positions, $125,000 has been invested thus far. There will be no further changes in this original invested amount.
My personal goal is to increase the value of all three portfolios to a total of $300,000 in four years -- a very lofty objective. This will require a 25% average annual growth rate.
Note that this week's listings of data will not reflect these changes. Both Listing and Portfolio Reports will be issued at year end and will reflect these changes.
|
