Petroleum & Resources Corporation (NYSE:PEO) announced its results for the nine-month period ended September 30, 2011. The total return on net asset value, with dividends and capital gains reinvested, was -15.6%. Comparable figures for the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Basic Materials Index, the Lipper Global Natural Resources Funds Index, and the Standard & Poor’s 500 Composite Stock Index (”S&P 500″) were -11.9%, -26.0%, -24.7 and -8.7%, respectively. The total return on Petroleum & Resources’ market price was -15.4%. For the twelve months ended September 30, 2011, the total return on Petroleum & Resources’ net asset value, with dividends and capital gains reinvested, was 1.6%. Comparable figures for the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Basic Materials Index, the Lipper Global Natural Resources Funds Index, and the S&P 500 were 6.7%, -10.8%, -11.4, and 1.1%, respectively. The total return on Petroleum & Resources’ market price was 2.5%.
Petroleum & Resources Corporation operates as a nondiversified investment company. It primarily invests in the equity of energy and natural resource companies.
Bioenergy, simplified, is energy made available by the conversion of materials derived from sources of either living organisms or their metabolic by-products. Biomass can be converted into solid, liquid or gaseous energy sources, which allows a wide range of applications.
It can be:
Burned directly to produce heat and/or electricity, converted biochemically to produce liquid fuel, digested or gasified to produce gaseous fuel and finally, pyrolized to produce oils and high value chemicals.
Cleantech Transit Inc. (��Cleantech��) (OTC! .BB:CLNO ) was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Using biomass power replaces the need to burn coal to generate electricity. Additionally, the use of biomass power also reduces the need for oil to mine and deliver coal to far off power stations, thereby significantly reducing greenhouse gas emissions. Most surprisingly, using wood waste as fuel is actually more beneficial to the environment than allowing it to decompose naturally, because of the elimination of methane during combustion.
Cleantech Transit, Inc. is pleased to announce it has met its funding requirement to secure the Company��s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
To discover more about CLNO, please visit: http://www.cleantechtransitinc.com/
Genesis Energy LP (NYSE:GEL) will announce its earnings for the quarter ended September 30, 2011 on November 8, 2011, before the market opens. Genesis Energy, L.P.��s Third Quarter Earnings Announcement ! Conferen ce Call will be held Monday, November 8, 2011, at 9:00 a.m. Central time. This call can be accessed at www.genesisenergy.com. Choose the Investor Relations button. Listeners should go to this website at least fifteen minutes before this event to download and install any necessary audio software. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event.
Genesis Energy, L.P., together with its subsidiaries, operates in the midstream segment of the oil and gas industry in the Gulf Coast area of the United States.
Aspen Insurance Holdings Ltd. (NYSE:AHL) announced that its Board of Directors declared a quarterly cash dividend on its ordinary shares of US$0.15 per ordinary share. The dividend is payable on November 25, 2011 to the holders of record as of the close of trading on November 10, 2011. The Company��s Board of Directors also declared a cash dividend on its Perpetual Preferred Income Equity Replacement Securities (��Perpetual PIERS��) of US$0.703125 per Perpetual PIERS. The dividend is payable on January 1, 2012 to the holders of record as of the close of business on December 15, 2011. The Company��s Board of Directors declared a dividend on the 7.401% Perpetual Non-Cumulative Preference Shares (��Perpetual Preference Shares��) of US$0.462563 per Perpetual Preference Share. The dividend is payable on January 1, 2012 to the holders of record as of the close of business on December 15, 2011.
Aspen Insurance Holdings Limited provides insurance and reinsurance solutions worldwide. Its Reinsurance segment offers property catastrophe reinsurance.
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