Petroamerica Oil Corp. ($PTA) neighbour C&C Energia ($CZE) bought up by Pacific Rubilaes Energy ($PRE) for an approx. 52% premium. PR Newsire

An Old Photo Of Warren Buffet by Guy Gillete

“Russia gets into your blood,” he said. “Life is never a straight line. Persistence and enthusiasm is how you get things done.” BP Seen Takeover Target After Settlement as Value TrailsBloomberg

"Most of those in public office, quite understandably, are firmly against inflation and firmly in favor of policies producing it." Warren Buffett, 1977. Fortune

Buy-out firms face the prospect of a bigger tax bill. An end to the carry on. Economist

"Frankly, buying a home [in the USA] today is pretty compelling.” Blackstone Sees Two-Year Window to Buy Houses. Bloomberg

Our interview with Frank Giustra exceeded 100,000 views on Youtube today, meanwhile PSY's Gangnam Style has about 767 million views. CEO.CA

New Model Reveals How Huddling Penguins Share Heat Fairly. Science Daily via Naked Capitalism.

Penguins

"A Newfie couple who just moved to Toronto are driving down the Don Valley Parkway with their empty U-Haul they just unloaded. A guy at the side of the road waves them down and the Newfie pulls over next to his broken down truck. The guy tells him, "My truck conked out and I have a truckload of penguins I have to get to the zoo, but now with the time I lost I won't be able to see my girlfriend tonight. You look like honest; I'l give you five hundred dollars if you take the penguins to the zoo for me." The Newfie agreed, loaded the dozen penguins into the U-Haul and drove off with them.

That night the truck driver is out with his girlfriend walking down Yonge Street when he sees the Newfie herding the dozen penguins down the street ahead of him. He runs up to them and shouts, "what's going on!? You said you were going to take these penguins to the zoo for me! I gave you five hundred bucks !"

The Newfie responded, "I know. I took 'em to the zoo and I had three hundred bucks left over, so now I'm takin' 'em to the movies." 

Lieutenant Governor of Newfoundland John Crosbie. Eye Crazy

Valuable thoughts about PR. Wasted Kindling. Seth's Blog