12:07 PM EST - Pacific Energy Resources Ltd. : an oil and gas company reported profit for the third quarter primarily due to sales gain. Revenues more than doubled year-over-year. The Long Beach, California-based company posted net income of US$49.22 million or US$0.24 per share for the quarter, compared to a net loss of US$20.31 million or US$0.14 per share a year ago. Pacific Energy Resources Ltd.
shares T.PFE are trading down 8 cents at $0.24.
