1.  Welcome Visitors  Timely Topics  Current Month Special topics  Lazy Portfolio  Shale Gas  On-line info for Share Buy Back & Dividends  Investment Learning Opportunities  Inputs from Attendees on future topics  Inputs from Attendees: Open Discussion  Next Month

2.  Thank you for visiting with us tonight  You’re invited to join the 1960 PC Users Group and attend any or all of the six Special Interest Groups.  The annual dues for you and your spouse to attend the meetings and events is $40/year  See our website: www.1960pcug.org for more details and also for copies of prior presentations and resourceswww.1960pcug.org  We have membership application blanks available tonight.

3. Agenda  Welcome Visitors  Timely Topics  How to beat the Market

4.  Per the WSJ, some newsletter publishers / money managers have devised a simple way to “beat” the S&P, including:  CNBC’s Cramer’s Action Alerts Plus: “My Portfolio is Crushing the Market”  MarketWatch’s The ProActive Investor  How do they do this?

5.  They simply delete dividends from the performance from the S & P and yet still include it their portfolio’s performance  Cramer showed the S & P return since 2002 at 15.5% vs. his portfolio at 39.2%  If you add dividends back in to the S & P, its return is 38.3%  So Cramer is ahead by 0.9%, but that is before the trading fees for making the required 774 trades annually, before taxes, and before his $299.95 first year, come-on fee.  A simple S &P 500 Index Fund would have netted more than Cramer’s Action Plus Portfolio

6.  Welcome Visitors  Timely Topics  Current Month Special topics  Lazy Portfolio  Shale Gas  On-line info for Share Buy Back & Dividends

7. Al Williams:  LAZY PORTFOLIOS  http://www.marketwatch.com/lazyportfolio http://www.marketwatch.com/lazyportfolio  http://www.madmoneymachine.com/ http://www.madmoneymachine.com/  http://www.madmoneymachine.com/professi onal-lazy-portfolios/ http://www.madmoneymachine.com/professi onal-lazy-portfolios/

8. Al Williams: Shale Gas Plays Understanding the basic drilling process Northern Oil & Gas, Inc. Horizontal Drilling

9. Shale Gas Plays  Understanding the basic drilling process Northern Oil & Gas, Inc. Horizontal Drilling  Environmental / Regulation Issues:  The industry is regulated by state statutes, not the Federal Safe Water Act  Disclosure of proprietary fracking chemicals has been a concern, but several in the industry now reveal them voluntarily  Both Federal and State regulations today require casings to protect fresh water aquifers from drilling fluids  A new Texas law requires disclosure of all chemicals by 2013  http://fracfocus.org/  TransCanada Pipeline was denied permission to restart its Keystone Pipeline from Alberta into Cushing, OK. Unreasonable? They’ve had 11 leaks in past 11 months

10. Shale Gas Plays Economics  What shale gas has done for US Natural Gas Market: World Prices of Natural gas US: $4.00 Europe: $8.00 Asia: $14.00  Cheniere Energy got approval May 20 to export 2.2 bcf/day of LNG from its Sabine Pass LA plant for 20 years. Its shares jumped 50%. An attractive investment?  Its first income is expected in 201 6  Natural gas price in US surged to 10 month high June 3 rd — Usually goes down as winter season ends. What’s going on? Nuclear Maintenance is about one to two months longer than usual this year

11. By Al Williams: For more information: www.OilShaleGas.com www.ShaleOilPlays.com These are blogs that give a lot of specific information about the shale energy industry

12. By Al Williams OIL & GAS SHALE PLAY RESOURCES www.chk.comChesapeake Energy Web Site go to Quick Links go to Education Library animations videos publications fact sheets www.oilshalegas.com www.shaleoilplays.com www.HartEnergy.comreports and directories for purchase

13. By Al Williams ONSHORE SHALE PLAYS -- from JIM CRAMER 6-3-11 BAKKEN SHALENorth Dakota & Wyoming HESHESS EOGEOG RESOURCES CLRCONTINENTAL RESOURCES WLLWHITING PETROLEUM EAGLE FORD SHALESouth Texas EOGEOG RESOURCES HKPETROHAWK PXD PIONEER NATURAL RESOURCES PERMIAN BASINWest Texas & Southeast New Mexico EOGEOG RESOURCES HKPETROHAWK PXD PIONEER NATURAL RESOURCES SDSANDRIDGE source:www.cnbc.com/id/43268393

14.  On-Line info on share buy back and dividends  TheOnLineInvestor.com (free) ▪ provides specific companies Buy Back Announcements  StandardAndPoors.com (free) ▪ Tracks overall industry trends and gives some specifics  BuyBackLetter.com ($195/year) and ($79/month) ▪ Provides specific recommendations for promised big yields ▪ In the top 9 for Hulbert’s Financial Digest rating service

15.  Welcome Visitors  Timely Topics  Current Month Special topics  Lazy Portfolio  Shale Gas  On-line info for Share Buy Back & Dividends  Investment Learning Opportunities

16.  June 13 th, Monday- The Woodlands Economic Forum (TWEF)-Mitchell Library at 8125 Ashlane Drive (across from YMCA) in the Woodlands -- 10 am to noon : Open discussions on Economic Issues  June 20th, Monday- Woodlands Investment Group (TWIG) meeting- Montgomery County Library at 2101 Lake Robbins Drive. Topic: Members sharing specific security recommendations and exchange market information -- 10 am to noon.  June 21st, Thursday – Fidelity Seminars at the Woodlands Fidelity office at 1701 Lake Robbins Drive:  Fidelity’s Trading Advantage-- -- 10 am to around noon  Bond Investing Beyond Yield- A Deeper Dive – 2:00 pm to around 3 pm  June 27 th, Monday- The Woodlands Economic Forum (TWEF)-Mitchell Library at 8125 Ashlane Drive (across from YMCA) -- 10 am to noon : Open discussions on Economic Issues

17.  July 11th, Monday- Woodlands Investment Group (TWIG) meeting- Montgomery County Library 2101 Lake Robbins Drive. Topic: Members sharing Specific security recommendations -- 10 am to noon. July 14 th, Thursday- PCUG’s Investment SIG Meeting CCCCC Room 30, 6823 Cypresswood Drive Topic: How to invest to reduce risk and increase returns—a more sophisticated methodology: By John Hawkins

18.  Welcome Visitors  Timely Topics  Current Month Special topics  Lazy Portfolio  Shale Gas  On-line info for Share Buy Back & Dividends  Investment Learning Opportunities  Inputs from Attendees on future topics

19. Candidate subjects: American Association of Individual Investors’ Concept of “The Other Stock Market” Hedge Funds My investment approach using funds instead of stocks Technical Analysis as a guide to investing Various Sector Investments How to find and evaluate investment candidates Options Trading (Guest Speaker?) On line sources of investment information Others? I welcome additional suggestions (Not in any order or priority listing) Also it particularly enhances the attractiveness of the meetings when we could find some guest speakers on special topics. If you know a candidate, please let me know.

20.  Welcome Visitors  Timely Topics  Current Month Special topics  Lazy Portfolio  Shale Gas  On-line info for Share Buy Back & Dividends  Investment Learning Opportunities  Inputs from Attendees on future topics  Inputs from Attendees: Open Discussion

21. Agenda  Welcome Visitors  Timely Topics  Current Month Special topics  Shale Gas  Other  Investment Learning Opportunities  Inputs from Attendees on future topics  Inputs from Attendees: Open Discussion  Next Month

22. On July 14 th, our next Investment SIG Meeting, John Hawkins will present information on how he has achieved double digit returns on his portfolio over the last five years. John is the host of The Woodlands Economic Forum that meets normally at the Mitchell Library in the Woodlands on alternate Mondays from 10 am to noon. John uses various strategies and techniques that are practiced by the successful hedge fund managers. These are sometimes simple in principle but require some detailed knowledge and training that is available from industry sources. He presented this information in May 2010 to The Woodlands Investment Group and it was very well received. I think our SIG attendees will find it very interesting and useful

23. That’s all for tonight!