UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended March 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 April 24, 2009
[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
[ ] 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: 41
Form 13F Information Table Value Total: $ 448,154
(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
AGL RESOURCES INC. COM 001204106 7,954 299,800 SH SOLE 299,800
APACHE CORP. COM 037411105 12,818 200,000 SH SOLE 200,000
ATMOS ENERGY CORP. COM 049560105 4,282 185,200 SH SOLE 185,200
BAKER HUGHES, INC.. COM 057224107 5,853 205,000 SH SOLE 205,000
CHEVRON CORP. COM 166764100 61,525 915,000 SH SOLE 915,000
COMPLETE PRODUCTION SE COM 20453E109 1,233 400,500 SH SOLE 400,500
CONOCOPHILLIPS COM 20825C104 16,130 411,891 SH SOLE 411,891
CONSOL ENERGY INC. COM 20854P109 3,155 125,000 SH SOLE 125,000
DEVON ENERGY CORP. COM 25179M103 11,173 250,000 SH SOLE 250,000
DUPONT EI DE NEMOURS COM 263534109 5,415 242,500 SH SOLE 242,500
ENERGEN CORP. COM 29265N108 8,739 300,000 SH SOLE 300,000
EOG RESOURCES INC. COM 26875P101 10,952 200,000 SH SOLE 200,000
EQT CORP COM 26884L109 12,494 398,800 SH SOLE 398,800
EXXON MOBIL CORP. COM 30231G102 60,949 895,000 SH SOLE 895,000
FOREST OIL CORP COM 346091705 914 69,477 SH SOLE 69,477
HALLIBURTON CO. COM 406216101 10,829 700,000 SH SOLE 700,000
HERCULES OFFSHORE, INC COM 427093109 790 500,000 SH SOLE 500,000
HESS CORPORATION COM 42809H107 10,569 195,000 SH SOLE 195,000
INTERNATIONAL COAL GRO COM 45928H106 4,830 3,000,000 SH SOLE 3,000,000
MASSEY ENERGY CO. COM 576206106 1,822 180,000 SH SOLE 180,000
MDU RESOURCES GROUP, I COM 552690109 6,053 375,000 SH SOLE 375,000
NABORS INDUSTRIES, LTD SHS G6359F103 5,195 520,000 SH SOLE 520,000
NATIONAL FUEL GAS CO. COM 636180101 6,134 200,000 SH SOLE 200,000
NATIONAL OILWELL VARCO COM 637071101 3,977 138,538 SH SOLE 138,538
NEW JERSEY RESOURCES C COM 646025106 10,194 300,000 SH SOLE 300,000
NOBLE CORP SHS H5833N103 18,670 775,000 SH SOLE 775,000
NOBLE ENERGY INC. COM 655044105 18,319 340,000 SH SOLE 340,000
NORTHEAST UTILITIES COM 664397106 4,318 200,000 SH SOLE 200,000
NORTHWEST NATURAL GAS COM 667655104 1,737 40,000 SH SOLE 40,000
OCCIDENTAL PETROLEUM C COM 674599105 22,260 400,000 SH SOLE 400,000
QUESTAR CORP COM 748356102 7,063 240,000 SH SOLE 240,000
ROYAL DUTCH SHELL PLC-SPONSORED ADRA780259206 11,739 265,000 SH SOLE 265,000
SCHLUMBERGER LTD COM 806857108 7,616 187,500 SH SOLE 187,500
SOUTHWEST GAS CORP COM 844895102 7,077 335,900 SH SOLE 335,900
SPECTRA ENERGY CORP. COM 847560109 1,539 108,812 SH SOLE 108,812
TOTAL S.A. SPONSORED ADR89151E109 9,812 200,000 SH SOLE 200,000
TRANSOCEAN LTD REG SHS H8817H100 18,120 307,953 SH SOLE 307,953
WEATHERFORD INT'L. LTD COM H27013103 10,927 987,120 SH SOLE 987,120
WGL HOLDINGS INC. COM 92924F106 4,930 150,300 SH SOLE 150,300
WILLIAMS COMPANIES, IN COM 969457100 5,121 450,000 SH SOLE 450,000
XTO ENERGY COM 98385X106 14,927 487,500 SH SOLE 487,500
448,154