Stock Picks Update: Spartan Exploration (TSE:SPE)

Spartan Exploration (TSE:SPE) is my biggest holding and risks to grow even more. As such an update is provided for this excellent Cardium/Bakken player with the latest news.

Spartan Exploration recently closed its offering for gross proceeds of $17.25 million. It also announced expanding its capital budget by $20 million to $51 million for the

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Stock Picks: Spartan Exploration (TSE:SPE)

Spartan Exploration Ltd. is a uniquely positioned oil weighted junior. It has significant exposure to three leading resource plays, strategically focused in Western Canada.

Quick Facts (Q3 2010):

Q3 Average Production: 979 boe/d, 84% Oil + NGL

O/S: 41.5 million FD (management ownership 33%)

Debt: nil

Land: 91k

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Stock Trades: Bought TSE:SPE (Oil) Sold TSE:FVI (Silver)

Yesterday, I bought 650 shares of TSE:SPE Spartan Exploration at 3.15.

Sold 800 shares of TSE: FVI Fortuna Silver (Silver) In at 3.34, out at 3.36, profit = +0.025% after commissions.

Stock Trade Commentary

The amount of Fortuna Silver shares sold amounts to 20% of my total number of shares,

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Stock Trades: Bought TSXV:ATK (Oil and Gas)



Yesterday, I bought 10000 shares of TSXV:ATK Atikwa Resources at 0.08.

Stock Trade Commentary

Atikwa is not the typical company that you will see me buying. I usually buy solid companies with production not startups. On the other hand I would not rate this company a “lottery” ticket, they have a very

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Stock Trades Update: Bought TSXV:REL (Light Oil)

Yesterday I got to pick up 4000 shares of Reliable Energy @0.34 which brings my total position to 8000 shares with an average price under 0.35 cents.

Stock Trade Commentary

Reliable Energy is an active company in the prospective Bakken formation. They have been moving forward slowly but surely. They will be

Continue reading Stock Trades Update: Bought TSXV:REL (Light Oil)