UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended December 31, 2009
Check here if Amendment [ ]; Amendment Number:
This amendment (Check only one.) : [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Petroleum & Resources Corporation
Address: 7 St. Paul Street, Suite 1140
Baltimore, MD 21202
Form 13F File Number: 28-596
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the
report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists,and tables, are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Christine M. Sloan
Title: Assistant Treasurer
Phone: (410) 752-5900
Signature, Place, and Date of Signing:
/s/ Christine M. Sloan Baltimore, MD February 16, 2010
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings
for this reporting manager are reported in this report and a portion
are reported by other reporting manager (s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 43
Form 13F Information Table Value Total: $625,794
(in thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s)
of all institutional investment managers with respect to which this
report is filed, other than the manager filing this report.
NONE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE IN SHARES/PRN SH/ PUT/ INVSTM OTHER VOTING AUTHORITY
000's AMOUNT PRN CALLDISCRETNMANAGERS
SOLE SHARED NONE
>C>
AGL RESOURCES INC. COM 001204106 6,017 165,000 SH SOLE 165,000
ANADARKO PETROLEUM CORP COM 032511107 11,860 190,000 SH SOLE 190,000
APACHE CORP. COM 037411105 20,634 200,000 SH SOLE 200,000
BAKER HUGHES, INC. COM 057224107 4,250 105,000 SH SOLE 105,000
CHEVRON CORP. COM 166764100 72,371 940,000 SH SOLE 940,000
CLIFFS NATURAL RESOURCES COM 18683K101 1,549 33,600 SH SOLE 33,600
COMPLETE PRODUCTION SERVICECOM 20453E109 5,207 400,500 SH SOLE 400,500
CONOCOPHILLIPS COM 20825C104 21,035 411,891 SH SOLE 411,891
CONSOL ENERGY INC. COM 20854P109 6,225 125,000 SH SOLE 125,000
DEVON ENERGY CORP. COM 25179M103 8,085 110,000 SH SOLE 110,000
ENERGEN CORP. COM 29265N108 13,104 280,000 SH SOLE 280,000
EOG RESOURCES INC. COM 26875P101 11,676 120,000 SH SOLE 120,000
EQT CORP. COM 26884L109 15,319 348,800 SH SOLE 348,800
EXXON MOBIL CORP. COM 30231G102 69,554 1,020,000 SH SOLE 1,020,000
FOREST OIL CORP. COM 346091705 1,991 89,477 SH SOLE 89,477
FREEPORT-MCMORAN COPPER COM 35671D857 17,824 222,000 SH SOLE 222,000
HALLIBURTON CO. COM 406216101 21,063 700,000 SH SOLE 700,000
HESS CORP. COM 42809H107 15,125 250,000 SH SOLE 250,000
INTERNATIONAL COAL GRP COM 45928H106 11,580 3,000,000 SH SOLE 3,000,000
MASSEY ENERGY CO. COM 576206106 7,562 180,000 SH SOLE 180,000
MDU RES GROUP INC COM 552690109 8,850 375,000 SH SOLE 375,000
NABORS INDUSTRIES, LTD SHS G6359F103 11,383 520,000 SH SOLE 520,000
NATIONAL FUEL GAS CO. COM 636180101 10,000 200,000 SH SOLE 200,000
NATIONAL OILWELL VARCO COM 637071101 6,108 138,538 SH SOLE 138,538
NEW JERSEY RES COM 646025106 11,220 300,000 SH SOLE 300,000
NOBLE CORP. SHS H5833N103 31,542 775,000 SH SOLE 775,000
NOBLE ENERGY INC. COM 655044105 18,517 260,000 SH SOLE 260,000
NORTHEAST UTILITIES COM 664397106 5,158 200,000 SH SOLE 200,000
NORTHWEST NATURAL GAS COM 667655104 1,802 40,000 SH SOLE 40,000
OCCIDENTAL PETE CORP DEL COM 674599105 35,794 440,000 SH SOLE 440,000
PIONEER NAT RES CO COM 723787107 6,262 130,000 SH SOLE 130,000
POTASH CORP SASK INC COM 73755L107 9,765 90,000 SH SOLE 90,000
QUESTAR CORP COM 748356102 9,977 240,000 SH SOLE 240,000
ROYAL DUTCH SHELL PLC SPONSORED ADRA780259206 19,397 322,700 SH SOLE 322,700
SOUTHWEST GAS CORP. COM 844895102 2,199 77,070 SH SOLE 77,070
SOUTHWESTERN ENERGY COM 845467109 4,550 94,400 SH SOLE 94,400
SPECTRA ENERGY CORP. COM 847560109 4,283 208,812 SH SOLE 208,812
TOTAL S.A. SPONSORED ADR89151E109 12,808 200,000 SH SOLE 200,000
TRANSOCEAN LTD. REG SHS H8817H100 25,499 307,953 SH SOLE 307,953
WEATHERFORD INT'L. LTD REG H27013103 6,627 370,000 SH SOLE 370,000
WGL HOLDINGS INC. COM 92924F106 10,830 322,900 SH SOLE 322,900
WILLIAMS COS INC DEL COM 969457100 9,486 450,000 SH SOLE 450,000
XTO ENERGY COM 98385X106 21,706 466,500 SH SOLE 466,500
625,794