Hot Oil Service Stocks To Own Right Now

Hot Oil Service Stocks To Own Right Now: Belmont Resources Inc (BEA)

Belmont Resources Inc. (BEA), incorporated in 1978, is primarily engaged in the acquisition, exploration and development of resource properties. The Company is a uranium exploration and development company with key projects located in the Central Mineral Belt of Labrador, the Uranium City region of Northern Saskatchewan and the Reindeer / Wollaston Lake area bordering the Athabasca Basin of Northern Saskatchewan. BEA is focused on the development of these projects through joint venture agreements with other uranium companies. The Company's properties include Saskatchewan property, Crackingstone and Orbit Lake, Labrador property, Tolmie property, Larder Lake property and Red Lake properties.

The Crackingstone and Orbit Lake claim comprises approximately 750 hectares in the Northern Mining District, Crackingstone River area, adjacent to JNR Resources Inc. (JNN) Crackingstone Project. BEA together with International Montoro Resources Inc. has signed an agreemen t in April and August 2006, to acquire 100% interest in three claim blocks (126 units approx. 4000 hectares (ha) in the Central Mineral Belt Uranium District, Labrador. Belmont's 64 unit (1024 ha) James Bay Lowlands property is located in north central Tolmie Township, Porcupine Mining Division, Ontario. Belmont also owns 100% interest in four claims (272 hectares) in Beatty Township, Larder Lake Mining Division, Northeastern, Ontario approx. 80 kilometer ENE from the city of Timmins. BEA and Montoro Resources Inc. have acquired 100% interest in two claim blocks (46 units) in the Red Lake Mining Camp: Bateman & Shaver Townships.

Advisors' Opinion:

• [By Staff at Investopedia.com]

  Making the Comparison
  Gross domestic product figures can be released on a monthly or quarterly basis. For the United States, the Bureau of Economic Analy! sis (BEA), a branch of the US Commerce Department, releases final quarterly domestic figures—along with additional advanced or preliminary figures toward the end of each month. This report can also be released in either real or nominal conditions, the former being adjusted for the effects of inflation. The BEA also releases its GDP price index that has been used in competition with both consumer price index (CPI) and the personal consumption expenditures deflator as a gauge of consumer inflation.

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