THE
PAINTED PIG
STOCKALERT
JUNE12, 2008
______________________________

THE PIGS "OINK" OFTHE DAY

When I was crossing the border into Canada, they asked if I had any firearms
with me. I said, "Well, what do you need?" -- Steven Wright

THE PIGS GOT GAS.....SHALE GAS

Muchhas been written with respect to shale gas. Quebec, BC, Saskatchewan,et al,  are all hot areas to be sure. But in this business, whereshortsightedness is an epidemic, things "ebb and flow" daily. As theprices of these players soften, the pig receives more and morequestions as to what to do. So here is the pigs opinion, you can use itas a reference or throw it in the fire,  its the only the pigs opinion.The pig sees three key's here. The inevitable softening in price wasnot expected, as lofty prices were being applied to them, withoutlogical reason in some cases. So the softness was a given, BUT !, thepig feels that once drilling begins to ramp up (Junex/Forest are 2rumored underway), you will see momentum return. This could happen anyday !
Number three on the pigs list of key's is "consolidation". The pigsbeen around for a few years and seen these area plays flourish. In somecases them discovery by one company led to a round of take outs bythem, for more land, for better exposure and asset appreciation. Withthis many players, two or three big guys and lots of little fish,consolidation will occur, especially with a few successful wells. Thepig feels the summer is going to be a hot one for the Quebec shale's.As always, pick your favorite pig and buy on dips, sell when "you" feelcomfortable. If you have a core position, then stick with it ! This isthe area play of a lifetime. The pig has some gas, but wants more.

These are the 's FOUR favorite Quebec shalestories..(still)

QEC-T.....QUESTERRE
JML-V...JAG MINES

PCQ-V.....PETROLYMPIC
PEA-V......PETROLIA

THE PORK PIE PICKS OF THE DAY.......

VGN-V...............GREENCASTLE RESOURCES..............-.045....TO .28 ON 826,320  SHARES
STILL A PIG FAVORITE, FOR MANY REASONS,INCLUDING A WAY TO PLAY BOTH OF THE HOTTEST CANADIAN PLAYS WITH ONE TICKET, WE SHOULD HEAR SOMETHING SOON AND THE SUSPENSE IS KILLING THE PIG. THIS LITTLE PIGLET IS UNDERACCUMULATION FOR A VARIETY OF REASONS.

PON-V.................POTASH NORTH.......................A JUGGERNAUT THAT SHOWS NO QUIT !! ENOUGH SAID.

WEL-V........WILDCAT EXPL.......+.08 to .21 on 2.8 MIL SHARES
NO NEWS IS GOOD NEWS ?..............THE FACT ISTHAT THEIR AIRBORNE MAG SURVEY REVEALED A TREND OF 36 KM'S LONG!SOMETHING ELSE THOUGH IS COOKIN' THE PIG HAS A HUNCH. THROW IT ON YOURWATCH LIST !

NOG-V.......NORDIC OIL AND GAS.........+.22....TO .68 ON 3.5B MILLION SHARES
NORDIC DISCOVERS OIL AT PREECEVILLE !!

THE PIGS PIGLETS............................
(MAY GROW UP TO BE BIG PIGS ONE DAY)

<>CDB-V.....WHATS ALL THE HUBBUB ?................8 MIL. SHRS. TODAY
<>GCR-V.......+.36 ON 800,000.........MAYBE, MAYBE....DUST IN THE WIND
<>PEX-V....THE PIG HAS A BONE TO PICK HERE..THROW IT ON YOUR WATCH LIST.

THE PIGS FASHION TIP OF THE DAY.......

Question:

Should I wear a solid, print, or either tie with a tweed, herringbone pattern blazer?

Answer:

Actuallyboth are acceptable. It boils down to understanding the way tocoordinate the prints with the herringbone pattern on your blazer thatis most important. Otherwise, the mixture between the print and thepattern is going to make the whole coordination look very messy andfuzzy. My preference has always been going for pattern ties to create anice mix and match style and also gives nicer texturing.

THE PIGS BBQ TIP OF THE DAY......................

Rubgrill with oil prior to cooking to prevent sticking.

  • Use tongs or a spatula to turn pork. Don't pierce with a fork - Flavorful juices can be lost.
  • If using a gas barbecue, you can grill roasts evenly without flare-ups by only turning on one side of the barbecue and placing roast on the other side.
  • Baste the meat throughout barbecuing with the marinade, if sugar content is minimal. Otherwise, baste in the last quarter of barbecuing time, as sugar content causes charring, thus drying out the meat.
  • Bring meat to room temperature before barbecuing, however, the time the meat is out of the fridge should not exceed one hour.
  • Never add salt until meat is cooked, as salt draws out the moisture, causing Pork to become dry and tough.
  • When gas barbecuing, pre-heat grill on high for 5-10 minutes. Then, adjust to desired cooking temperature. Remember, it's the heat from the rocks that cooks the Pork - not the natural/propane gas.
  • For a charcoal barbecue, light coals 30 minutes before barbecuing.
  • Because of Porks' mild flavour, you can season with almost any spice - use your imagination.
  • Marinades tenderize meat, keep it moist during cooking, and enhance flavour. Meat can be marinated for 2 hours at room temperature or overnight in the refrigerator.
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THE PIGS JOKE OF THE DAY.....(don't read if your easily offended)

Aman goes for a prostate exam. The proctologist is checking him out whenhe discovers a roll of hundreds in the guy’s colon. He pulls it out andcounts the money.

“You’re not going to believe this,” says the doctor. “But I’ve just found $1,900 inside your rectum.”

“Hmm,” says the patient. “Well, I guess that explains why I haven’t been feeling too grand.”