Dear Shareholders and Friends,
In a recent interview with Streetwise Reports, AlphaNorth Asset Management President and CEO Steve Palmer, commented on Primary Petroleum.
Steve believes further economic growth in China and the ongoing economic recovery in the U.S.
will send oil prices over $100 a barrel in the first half of 2011.
For him, its about getting in early on companies with reasonable prospects for massive gains.
In this exclusive interview with The Energy Report, Steve shares three of his favorite oily names with outsized potential.
Steven Palmer, with 15 years of experience in the investment industry, has been the president, CEO and a director of AlphaNorth Asset Management (AlphaNorth) since founding the firm in the fall of 2007.
The company currently manages a long-biased, small-cap hedge fund.
Prior to founding AlphaNorth, Mr.
Palmer was employed at one of the worlds largest financial institutions as VP of Canadian equities, where he managed assets of approximately $350 million.
We thought youd be interested in reading Steve Palmer s comments on Primary Petroleum.
Scroll Down to see these comments.
Regards,
Mike Marrandino
President, Director & Founder
PRIMARY PETROLEUM CORPORATION
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Steve Palmers Comments:
"One company that has performed very well for us is Primary Petroleum—a land play thats developing in Montana.
We bought it at $0.08 and its trading at around $0.84 now.
One of the most attractive formations that companies are going after now is the Bakken.
And the Bakken has been identified in Alberta.
The theory is that it extends south into Montana.
Over the last several months, large companies have done a lot more work in that area and seem to be having some success in proving that theory.
Primary was very early to assemble a large position there in Montana.
.
.the evidence continues to build that Primarys land could be very valuable.
We dont yet know the production capabilities.
What neighboring companies are achieving has all been very secretive up to this point; but actions are telling the story.
Theyre acquiring more land and expanding their drill programs.
They wouldnt be doing that if they werent getting good results from the initial wells.
.
.If its proven that the Bakken extends onto Primarys property, the company is worth several dollars a share.
Thats the minimum." View Article
Primary Petroleum Corp
Suite 800, 744 4th Avenue SW
Calgary Alberta T2P 3T4
Canada
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