CGR

[Terliso]

BUSINESS SUMMARY  
Claude Resources, Inc. operates as a gold mining, and oil and gas company in Canada. The company, through its subsidiary, 3377474 Canada, Inc., engages in the acquisition, exploration, and development of precious metal properties primarily in northern Saskatchewan, northern Manitoba, and northwestern Ontario. It owns Seabee gold mine in Saskatchewan and Madsen gold mine in northwestern Ontario. The company also owns Currie Rose properties. Claude Resources, through its other subsidiary, 574095 Alberta, Ltd., involves in the acquisition, development, and production of oil and natural gas principally in Alberta and southeastern Saskatchewan. As of December 31, 2004, it had net proved reserves of approximately 213.5 thousand barrels of oil and natural gas liquids and approximately 1,636 million cubic feet of gas. The company was incorporated in 1980 and is headquartered in Saskatoon, Canada.


Let's not forget CGR it is also belongs to Gold Sector....there is strong pattern about to break & I think it will, the volume is getting stronger too.

[tokyopua]

Another nice pick Terlisa, thanks.  I wound up buying this at 1.2 instead of UMC because I was nervous about the UMC gap and P/E.  Plus oil and gold, cup and handle, nice indicators here, what's not to love?

[Terliso]

Goodluck Tokyopua!!

CGR Close @ 1.28 HOD...

[Terliso]

Ha... hay....

[tokyopua]

Another applause for you Terlisa, considering that CGR was one of only 3 stocks that was up for me today!  And the run at the open shows it wants to go higher still!

[Terliso]

Let's hope it will run more... a Bullish cross on the daily & weekly charts @ the same time is perfect, this will give us less risky play... that's why it pays to look on weekly charts first to see if the stock is rising ... sometimes, a stock is bullish in the daily but in weekly charts it shows bearish signs... don't trade those stocks!!

Goodluck

[Terliso]

Claude Resources Inc. reports significant increase in petroleum reserves
Monday April 17, 12:33 pm ET


SASKATOON, April 17 /CNW Telbec/ - Neil McMillan, President and CEO of Claude Resources Inc., is pleased to announce that Claude has received the December 31, 2005 annual year-end review (see March 30, 2006 release "2005 Oil & Gas Disclosure Documents") of its oil, natural gas liquids (ngls) and natural gas properties from Sproule Associates Ltd. of Calgary, Alberta and the report indicates credible increases in oil, ngls and natural gas reserves.
ADVERTISEMENT
 

Crude oil and ngls proved and probable reserves have increased by 57% to 1,099,000 barrels, primarily as a result of infill drilling during the year. Natural gas proved and probable reserves have also increased to replace 2005 production. This reserve remains at 8,852 MMCF. Claude's oil, ngls & natural gas assets typically generate about 530 barrels of oil equivalent per day.

The Alberta assets, representing 96% of total oil, ngls and natural gas production, are subject to a 70% gross overriding royalty which existed on the assets at the time of Claude's purchase. At current production and prices this royalty will be paid off in less than five years.

The estimated net present value of Cdn. $23.3 million was calculated net of all royalties and using a 10% discount rate and escalated oil and gas pricing. The "reserve life index" of the reserves is 10.7 years on proved and 12.9 years on proved and probable. A summary of the oil and gas reserves can be found on www.sedar.com in the Company's "Annual Information Form".

[tokyopua]

Hi Terlisa,

I sold today, part because I needed the money, and part because the MACD is going down a bit.  What is your take on the stock?  Maybe I will get back in at some point.

Thanks again for the pick!

[rickjust]

hi,
this is my pick for the contest.
looks like if it doesnt move tomorrow this will retrace back to one dollar. macd about to turn bearish . let's see what tomorrow brings,
maxi

[Terliso]

Hi Terlisa,

I sold today, part because I needed the money, and part because the MACD is going down a bit.  What is your take on the stock?  Maybe I will get back in at some point.

Thanks again for the pick!

If MACD fast line cross below slow line (daily chart).. I will sell .... my stop @ 1.20 where I bought it...

[rickjust]

hi,
cgr my pick for the contest is starting to show some life. i must admit after the first few days i thought this was going to tank! volume coming in . like to see it break 148 cleanly.
glta,
maxi

[Terliso]

For CGR looks like it's going for consolidation & looks to be forming a Rectangle Pattern...

& In weekly chart Trendline still Valid, still looks good to me

[dhiraj19]

Thanks Terlisa,

Yesterday they had news: ( Its part of it)

http://biz.yahoo.com/cnw/060504/e_claude_resources.html?.v=1


Claude Resources Finds Significant Gold Intersections on Shane Property
Thursday May 4, 6:39 pm ET

CALGARY, May 4 /CNW/ - Claude Resources Inc. ("Claude"), (TSX:CRJ - News; AMEX:CGR - News), is pleased to announce the results of the winter 2006 exploration program on the Shane Property in northern Saskatchewan, Canada.

The Shane Property is located approximately five kilometres east of Claude's operating Seabee gold mine.

Claude has a 75% interest in the property and Shane Resources Ltd. of Saskatoon, Saskatchewan has the remaining 25%. In addition, Cameco Corp. has a 5% Net Profits Interest on the property. The requirement to spend $500,000 by March 31, 2006 was met with this program and the Company will move into the next phase of the option agreement, which requires expenditures of $100,000 per year for the next two years.


Also applaud rickjust, yesterday i picked it for my portfolio.

[rickjust]

hi,
thanks dhiraj19,
cgr showing signs of life on volume,
next week might be good,
max

[Terliso]

For CGR looks like it's going for consolidation & looks to be forming a Rectangle Pattern...

& In weekly chart Trendline still Valid, still looks good to me

Dhiraj19, CGR made a breakout early from RECTANGLE PATTERN