Investments

Uranium and Coal
Oil & Gas
Precious Metals
Base Metals
Potash, Lithium and Rare Earths
Energy Related Technology
Technology & Biotechnology
Other Technology
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Energy Related Technology


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The energy related technology sector is a natural fit for Pinetree due to its focus on energy commodities, which represents a significant portion of our investment portfolio. We see significant upside potential in the energy sector and we are constantly evaluating energy related technologies that that are targeting this growing market.

Investments as at December 31, 2009.


Opel International Inc. (OPL:TSXV)
6,150,000 common shares
1,000,000 warrants expire May 11, 2010
750,000 warrants expire Dec 13, 2011
Sustainable Energy Technology Ltd. (STG:TSX-V)
1,726,667 common shares
$200,000 convertible debenture
440,000 warrants expire May 7, 2013
©Copyright 2010 Pinetree Capital Ltd.