Investments

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




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, 2010.

Issuer Security Description Cost Fair
Value
% of
Sector
(FV)
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