Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (9922)	12/28/2003 8:40:31 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24921

Material Change Report / Tier II Portfolio 12/24/03 Beginning Cash Component $22,087.62 The time has come to where I desire to increase my cash position in this portfolio. In order to do so, I am taking partial profits on my long standing profitable situations with both Compton Petroleum and Thunder Energy. I continue to like both companies. It’s simply time to lessen my over weighted positions in each – especially Thunder Energy which amounted to 23.4% of the portfolio. I am also dropping Upton Resources and StarPoint Energy from coverage. These two companies are merging early in 2004. I originally intended to ride with the acquiring company – StarPoint, but have had a change in heart. I recently acquired shares in StarPoint and am selling at a decent profit. This is a matter of area of operations and management. I am initiating coverage of Ketch Resources by adding the company to this portfolio’s holdings. This is a young upstart company that has made giant strides in the last 4-5 quarters of its corporate existence and - believe they will continue as a very successful operation. More to follow on this company. Sold 800 Shares Compton Petroleum @ $5.90 = $4,720.00 Original cost $1.85/share or, total $1,480.00 / Profit = $3,240.00 New Balance of Portfolio Holdings = 2000 shares Cash Component Sub-Total $26,087.62 Sold 2100 Shares Thunder Energy @ $8.15 = $17,115.00 Original Cost $ 1.64/share or, total $ 3,444.00 / Profit = $13,671.00 New Balance of Portfolio Holdings = 2400 shares Cash Component Sub-Total $43,202.62 Sold 850 shares StarPoint Energy @ $4.49 = $3,816.50 Original Cost $ 3.38/share or, total $ 2,780.00 / Profit = $1,036.50 Cash Component Sub-Total $47,019.12 Sold 1500 Shares Upton Resources @ $4.63 = $6,945.00 Original Cost $ $ 3.14/share or, total $ 4,710.00 / Profit = $2,235.00 Cash Component Sub-Total $53,964.12 Purchased 500 Shares Ketch Resources @ 8.95 = $ 4,475.00 Ending Cash Component Total $49,489.12 Notes: The resulting cash component exceeds the total original amount invested into this portfolio. ($45,201.70).