BullMarketRun.com

We’re looking for a turnaround very shortly in the markets…gold is off $2.00 to $1,095 as of 8:50 am Pacific time while the CDNX has shed 16 points to 1,517…Saskatchewan is one of the world’s last resource frontiers and it now has one of the best investment climates you’ll find anywhere on the planet, which is also why we are so excited about what Greencastle Resources (VGN, TSX-V) is doing in the southwestern part of that province right now…Saskatchewan may soon overtake Alberta as Canada’s largest conventional oil producer…”peak oil” production in Alberta was reached in 1983 while Saskatchewan is not even close to “peak oil”…since 2005, Saskatchewan has also surpassed Alberta in terms of average oil well productivity…what we’re hoping for with Greencastle – and it’s very realistic – is that they will find a dozen or so producing wells (medium gravity oil) in the Cabri-Boggy Lake area that will total one to two thousand barrels per day…it’s not hard to do the math and figure out what would happen to the Greencastle share price if that’s in fact what unfolds…keep in mind, this is a company that made a significant discovery in west central Saskatchewan just over six years ago…over a million barrels of heavy oil have been produced at Primate…Greencastle sold that for a royalty, which has given them consistent monthly cash flow ($9 million in total so far), but rest assured (as President/CEO Tony Roodenburg confirmed to us) they won’t be selling for a royalty if they make a discovery at Cabri-Boggy Lake…reading between the lines of yesterday’s short Greencastle news release, we believe Greencastle and its partners they like what they see so far…at 17 cents, Greencastle is trading at only a small premium to its cash value and the company also has considerable assets in gold, coal and shale gas…