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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Exciting News From Shoal Point Energy

There are big happenings at Shoal Point Energy. The original team that identified the massive opportunity and captured the acreage (no easy feat) is stepping aside. Marc Jarvis will be replacing George Langdon as CEO. Jarvis' claim to fame is his association with Ultra Petroleum, a rags to riches natural gas deal that changed a few people's postal codes.

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The chart on the left from BigCharts.com shows the meteoric rise of Ultra Petroleum. This is what investors in leading edge resource plays are looking for.

The "forward looking statements", mostly references to what the Government of Newfoundland and Labrador might or might not do in the future, were clarified in a second press release. 

Shoal Point Energy is an advertiser and I own shares purchased in the open market.