This is the 4th Quarter 2008 edition of our ongoing hedge fund portfolio tracking series. Before reading this update, make sure you check out the Hedge Fund 13F filings preface.

Next up is Touradji Capital ran by Paul Touradji. Touradji is one of many well-known 'Tiger Cubs' who started their own firms after leaving Julian Robertson's Tiger Management. We've already covered many of the 'Tiger Cub' funds including Stephen Mandel's Lone Pine Capital, Andreas Halvorsen's Viking Global, Lee Ainslie's Maverick Capital, Chase Coleman's Tiger Global, Chris Shumway's Shumway Capital Partners, and John Griffin's Blue Ridge Capital.

This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. Before reading this update, make sure you check out the preface to the series we're doing on Hedge Fund 13F's here.

The other funds we've already covered include:

Listen up, oil fans: It’s over. The glory days of this latest energy bull market are now in the history books. Or so says Peters & Co. Ltd., a brokerage specializing in oil and gas in Calgary. Oh, and that’s not even the bad news.

The report says:

Methane is a greenhouse gas with global warming potential. However, it is one of the cleanest burning fuels, as it is the purest form of natural gas and is much cleaner than burning coal. The sources of methane gas are natural gas fields, decaying organic wastes of solid waste landfills, such as manure, wastewater sludge, municipal solid waste and landfills, and coal deposits from coal bed methane extraction.

Coalbed methane generally consists of at least 95% methane unlike natural gas, which has methane plus significant quantities of ethane, propane, butane, and pentane, as well as carbon dioxide, nitrogen, helium and hydrogen sulfide. The heavy hydrocarbons need to be extracted before the natural gas is distributed, but methane can be used as fuel right away. Methane from coalbed reservoirs can be recovered economically, since it resides in coal seams at shallow depths.