Oct. 30, 2009 (Business Wire) -- PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.
At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com
UTS Energy Inc. (TSX: UTS), $2.13, +$0.03, 1.43%, is an oil sands company with main interests in the Fort Hills oil sands project, which is part of the Athabasca region. The company has been showing high volumes and actively trading on the exchange with over 6.3 million shares traded so far, in comparison to slightly over 1.8 on Wednesday. It is hard to contribute this traffic to anything significant as the company has not made any announcements since September but it is being reported that the acquisition of PetroChina in two oil sands in the Athabasca region could be contributing to the trading activity of the smaller companies such as UTS.
Teck Resources Limited (TSX: TCK.B), $32.71, +$1.99, 6.48%, is trading at a $1.99 gain in share price at 3.3 million shares traded yesterday. The company, released its third quarter results announcing net earnings of $609 million or $1.07 per share in the third quarter, compared to $424 million in the same quarter last year. Net earnings on a year-to-year basis were $1.4 billion compared to $1.3 billion last year. Don Lindsay, President and CEO of Teck Resources also provided an update on the company’s debt situation stating “Our total debt has now been reduced by $5 billion since we completed the Fording transaction in October 2008. We expect further reductions of approximately $1.1 billion upon the completion of previously announced asset sales expected later this year and early 2010.”
Alange Energy Corp. (TSX-V: ALE), $0.60, +$0.02, 3.45%, is making slight gains with 4.2 million shares trading hands so far yesterday. Alange Energy Corp., an oil and gas exploration and production company has interests in over eleven properties in Colombia. The company has recently filed its annual financial statements for the fiscal year ended June 30, 2009. Its fiscal year end has also been changed to December 31, 2009. The recent filings reflect the financial position and results of operations of Cierra Pacific Ventures Ltd., before the name change to Alange Energy, and the Reverse Take-Over transaction on July 31, 2009 with Alange Corp.
