This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Petroleum & Resources Provides Year-To-Date Update At Annual Meeting In Baltimore

BALTIMORE, March 23 /PRNewswire-FirstCall/ -- Petroleum & Resources Corporation (NYSE: PEO) held its 81st Annual Meeting of Stockholders in Baltimore today and provided this update on year-to-date activity through March 19, 2010:

PERFORMANCE AND REALIZED CAPITAL GAINS

The year-to-date total return for the Corporation, including the reinvestment of income dividends as well as capital gains distributions paid, was 0.9% on net asset value and 0.1% on market value. Comparable figures for the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Basic Materials Index, and the Standard & Poor's 500 Index were 0.0%, 4.6%, and 4.5%, respectively. Net realized capital gains for the Corporation were $0.13 per share.

SECURITIES TRANSACTIONS

Since January 1, 2010, the Corporation has added three new names to its portfolio with the purchases of shares of Newfield Exploration Company, Praxair, Inc., and Schlumberger Ltd. The Corporation added to its existing holdings in Cliffs Natural Resources, Freeport-McMoRan Copper & Gold, Pioneer Natural Resources, and Southwestern Energy, and has reduced its holdings in Complete Production Services, ConocoPhillips, Energen, Massey Energy, Noble Corp., Northwest Natural Gas, WGL Holdings, and XTO Energy. The Corporation holds 1.4% of net assets in net cash and short-term investments.

Petroleum & Resources Corporation is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange under the symbol PEO.  

For further information please contact:

Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary

410-752-5900 or 800-638-2479

E-mail: contact@peteres.com

Website: www.peteres.com

For your convenience, all press releases are posted to our website.  If you would like to receive future press releases by fax or e-mail, please let us know.

SOURCE Petroleum & Resources Corporation

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
PEO $24.81 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs