CHSP, PPWE, STK, BOB.V, XCO - Market Update From DrStockPick.com!

Chesapeake Lodging Trust Common (NYSE:CHSP) announced that it has amended its credit agreement providing for a two-year secured revolving credit facility with a syndicate of banks led by Wells Fargo Bank, N.A., as administrative agent, JPMorgan Chase Bank, N.A., as syndication agent, and Deutsche Bank Trust Company Americas, as documentation agent. The amended credit agreement increases the maximum amounts the Company may borrow from $115.0 million to $150.0 million, and also provides for the possibility of further future increases, up to a maximum of $200.0 million, in accordance with the terms of the amended credit agreement.
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business, airport and convention markets and, on a selective basis.
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Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob) a Tampa-based independent oil and gas exploration and production company, has announced the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. “We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives,” stated Andrew Kacic.
Proper Power & Energy is an independent exploration and production company. The Company’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
Utah contains four of the Nation's 100 largest oil fields, two of its 100 largest natural gas fields (2008). Utah has approximately 3,200 producing oil wells and 5,700 producing natural gas wells.
Kentucky’s existing oil and gas infrastructure is extensive. Finding and production costs are low due to the occurrence of shallow resources. Kentucky is centrally located for access and distribution to northern and eastern industrial markets.
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Global Hunter Corp. (TSX.V: BOB) (FSE:G5D) is pleased to announce that it recently completed a surface sampling program at La Corona de Cobre. The program was designed to collect surface samples from the numerous prospective shear zones. This will aid in the definition of drill targets to expand on the copper oxide mineralization.
The samples will be collected from outcrops along the entire strike lengths of the shears and have been shipped to ALS Chemex Labs in La Serena Chile for analysis. Results will be released as soon as is practical after they have been received.
These shear zones can be traced on surface for hundreds of metres, with the longest being Vino Fino, which has been mapped for over 6,000 metres. Local miners are currently extracting ore from several shear zones on the property and transporting it to Enami for processing.
Global Hunter’s flagship project is the La Corona de Cobre property, located 70 kilometres north of La Serena, Chile, along the Pan American Highway, within the coastal belt of the Andean Cordillera. The NI 43-101-compliant resource contains 225 million pounds of copper oxide. In addition, the Company has its Rabbit South molybdenum project in south-central British Columbia, Canada.
By far the most important use of copper is in electrical wiring; it is an excellent conductor of electricity (second only to silver), it can be made extremely pure, it corrodes very slowly, and it can be formed easily into thin wires—it is very ductile.
Molybdenum's strength and resistance to expanding or softening at high temperatures is particularly sought after in critical areas where high temperatures are common, such as in nuclear power plants and aircraft engines.
For More Information Go To: www.globalhunter.ca
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EXCO Resources Inc. (NYSE:XCO) is providing certain operational information regarding its fourth quarter and full year ended December 31, 2010. Oil and natural gas production was 32.2 Bcfe for the fourth quarter 2010, or 350 Mmcfe per day, which represents a 70% increase from pro forma fourth quarter 2009 production of 19.0 Bcfe, or 206 Mmcfe per day. We currently estimate our net production to average between 520-580 Mmcfe per day for the full year 2011, and expect to exit 2011 with net production in excess of 600 Mmcfe per day.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the exploration, exploitation, development, and production of onshore North American oil and natural gas properties.
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Columbia Seligman Premium Techn (NYSE:STK) announced that it will hold its First Annual Meeting of Stockholders on April 14, 2011 (the “Meeting”) in Minneapolis, MN. The close of business on February 16, 2011 has been fixed by the Fund’s Board of Directors as the record date for the determination of Stockholders entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof.
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Crown Equity Holdings Inc. (OTCPK:CRWE) received 1,000,000 shares of free trading shares from a third party (Mohamad Nehmeh) for two (2) weeks of advertisement services for Proper Power & Energy, Inc. (OTC:PPWE).
Crown Equity Holdings Inc. (OTCPK:CRWE) has received twenty-five thousand dollars in cash from Global Hunter Corp. (TSX Venture Exchange (TSX.V:BOB) and the Frankfurt Stock Exchange (FSE:G5D)) for 30 (thirty) days of advertising, as well as for assistance in becoming a fully reporting publicly trading Bulletin Board company.
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