ANG - AltaCanada Energy

[Jack_Aster]

A great bakken oil play for cheap. Four drills to do, $3.25 mil in cash, 300BPD current production, 75 mil OS with insiders holding almost half of the shares.

Three sites rating ANG as a solid buy.

3 different stock analysis sites have rated ANG a solid buy

Stock Tech --> http://www.stockta.com/cgi-bin/analysis ... mode=stock

Stoxline --> http://canada.stoxline.com/q_ca.php?s=ang.v

Barchart --> http://quote.barchart.com/texadv.asp?sym=ang.VN

[Jack_Aster]

Looks like another random house is starting to buy up shares between 7-8 cents. Since April 1st, Fidelity has taken a 560k position and they will come out of the blue to take out any sellers at these prices. Lots of the resistance from the 9-10c level that moved down got taken out by house 22. Rights offering should be done at the end of this month and hopefully we get some bakken drilling next month.

Its too bad that nat gas prices are still low, because if ANG had all their nat gas wells activated right now, they should be doing around 1000BOE just in nat gas. After the rollback, if the oil drills go well and nat gas recovers, this will be a huge mover for 2011. 1000BOE + 1000BOPD is not out of the question. I think thats why James Collins wants such a large position in the play.

Here are all the house positions for : ANG from 4/1/2010 to 5/11/2010.


17 Records Returned


House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
22 Fidelity 561,000 42,580 0.08 0 561,000 -42,580

27 Dundee 300,000 21,000 0.07 0 300,000 -21,000

33 Canaccord 136,000 11,300 0.08 28,000 2,045 0.07 108,000 -9,255

62 Haywood 100,000 8,225 0.08 0 100,000 -8,225

1 Anonymous 30,000 2,100 0.07 0 30,000 -2,100

36 Latimer 22,000 1,430 0.07 0 22,000 -1,430

9 BMO Nesbitt 20,000 1,400 0.07 0 20,000 -1,400

6 Union 3,000 216 0.07 600 48 0.08 2,400 -168

79 CIBC 40,000 3,070 0.08 55,000 3,930 0.07 -15,000 860

58 Qtrade 0 30,000 2,100 0.07 -30,000 2,100

81 HSBC 0 60,000 4,200 0.07 -60,000 4,200

46 Macquarie 0 73,500 5,890 0.08 -73,500 5,890

80 National Bank 0 77,000 5,465 0.07 -77,000 5,465

121 Jennings 0 109,500 8,985 0.08 -109,500 8,985

85 Scotia 57,000 4,390 0.08 198,500 15,350 0.08 -141,500 10,960

2 RBC 0 250,200 18,831 0.08 -250,200 18,831

7 TD Sec 273,600 19,213 0.07 660,300 48,080 0.07 -386,700 28,867
Total 1,542,600 114,924 0.07 1,542,600 114,924 0.07 0 0

[Jack_Aster]

AltaCanada Energy Corp
Symbol ANG
Shares Issued 75,250,312
Close 2010-05-11 C$ 0.075
Recent Sedar Documents



AltaCanada receives approval for rights offering


2010-05-12 10:54 MT - News Release

Mr. Don Foulkes reports

ALTACANADA ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS FOR RIGHTS OFFERING

AltaCanada Energy Corp. has obtained a receipt dated May 12, 2010, for a final short-form prospectus filed with the securities commission in the provinces of Alberta, British Columbia and Ontario, relating to its previously announced rights offering. The corporation is seeking to raise up to $7,513,577 in gross proceeds from the offering.

Shareholders of record on May 26, 2010 will be entitled to receive one right ("Right") for each common share held. Each Right will entitle eligible holders to purchase 1.424 common shares of the Corporation at a price of $0.07 per common share. The exercise of Rights and the payment for common shares must be completed by 5:00 p.m. (Toronto time) on June 21, 2010 (the "Expiry Date"). Shareholders who fully exercise their Rights are entitled to subscribe, on a pro rata basis, for additional common shares, if available, that are not otherwise subscribed for on or before the Expiry Date.

ANG Partners, Ltd. has agreed, subject to certain terms and conditions, to purchase, at a purchase price of $0.07 per common share, all of the common shares of the Corporation not otherwise purchased pursuant to the exercise of Rights under the Offering (up to 71,714,286 common shares less the number of common shares it and its affiliates purchase on the exercise of Rights), on the Expiry Date to ensure that the Corporation raises gross proceeds of at least $5.02 million under the Offering. Members of the Management and Board of Directors of the Corporation will also exercise Rights.

Shareholders and purchasers of Rights should consult the Prospectus and their own legal and financial advisors to determine their rights and entitlements under the Offering.

Registered shareholders in eligible jurisdictions will receive a copy of the Prospectus and their Rights certificate by mail shortly after May 26, 2010. Shareholders who hold their shares in a brokerage account or with a nominee should contact such broker or nominee in order to exercise their Rights. More detailed information is contained in the Prospectus available on SEDAR at www.sedar.com.

The Corporation intends to use the net proceeds from the Offering to provide working capital for development and acquisition opportunities, for payments to creditors, including holders of $3.174 million of convertible debentures, and for general corporate purposes. In particular, the Corporation will seek to invest capital to drill oil prospects on the Corporation's substantial land holdings comprised of 254,000 net undeveloped acres in Montana and to bring on shut-in gas production to the extent practical to augment the existing cash flow of AltaCanada.

[Jack_Aster]

2 days and Anon has bought over 4 million shares. I would bet my entire position of ANG(300k shares) that its James Collins loading up under Anon. Dont Forget that Fidelity bought 1.3 million shares these last 2 months and zero sold from that house. Again I emphasize big hands loading up before things get moving.

Here are all the house positions for : ANG from 6/17/2010 to 6/18/2010.


11 Records Returned


House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
1 Anonymous 4,190,000 272,350 0.07 200,000 13,000 0.07 3,990,000 -259,350

46 Macquarie 295,760 19,224 0.06 0 295,760 -19,224

33 Canaccord 200,000 12,500 0.06 0 200,000 -12,500

9 BMO Nesbitt 100,000 6,500 0.07 0 100,000 -6,500

2 RBC 15,500 1,006 0.06 0 15,500 -1,006

36 Latimer 15,000 975 0.07 0 15,000 -975

99 Jitney 4,000 260 0.07 0 4,000 -260

80 National Bank 0 620,000 39,700 0.06 -620,000 39,700

7 TD Sec 200,000 12,650 0.06 1,116,000 72,540 0.07 -916,000 59,890

6 Union 0 1,402,260 91,145 0.06 -1,402,260 91,145

79 CIBC 0 1,682,000 109,080 0.06 -1,682,000 109,080
Total 5,020,260 325,465 0.06 5,020,260 325,465 0.06 0 0