UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended September 30, 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 November 3, 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 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: 40
Form 13F Information Table Value Total: $560,448
(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 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE IN SHARES/PRN SH/ PUT/ INVSTM OTHER VOTING AUTHORITY
000's AMOUNT PRN CALLDISCRETN MANAGERS
SOLE SHARED NONE
AGL RESOURCES INC. COM 001204106 5,819 165,000 SH SOLE 165,000
ANADARKO PETROLEUM CORP. COM 032511107 9,410 150,000 SH SOLE 150,000
APACHE CORP. COM 037411105 18,366 200,000 SH SOLE 200,000
BAKER HUGHES, INC. COM 057224107 4,479 105,000 SH SOLE 105,000
CHEVRON CORP. COM 166764100 64,443 915,000 SH SOLE 915,000
COMPLETE PRODUCTION SE COM 20453E109 4,526 400,500 SH SOLE 400,500
CONOCOPHILLIPS COM 20825C104 18,601 411,891 SH SOLE 411,891
CONSOL ENERGY INC. COM 20854P109 5,639 125,000 SH SOLE 125,000
DEVON ENERGY CORP. COM 25179M103 8,753 130,000 SH SOLE 130,000
DUPONT EI DE NEMOURS COM 263534109 7,794 242,500 SH SOLE 242,500
ENERGEN CORP. COM 29265N108 12,068 280,000 SH SOLE 280,000
EOG RESOURCES INC. COM 26875P101 12,527 150,000 SH SOLE 150,000
EQT CORP COM 26884L109 16,989 398,800 SH SOLE 398,800
EXXON MOBIL CORP. COM 30231G102 69,982 1,020,000 SH SOLE 1,020,000
FOREST OIL CORP. COM 346091705 1,360 69,477 SH SOLE 69,477
HALLIBURTON CO. COM 406216101 18,984 700,000 SH SOLE 700,000
HESS CORP. COM 42809H107 13,365 250,000 SH SOLE 250,000
INTERNATIONAL COAL GROUP COM 45928H106 12,090 3,000,000 SH SOLE 3,000,000
MASSEY ENERGY CO. COM 576206106 5,020 180,000 SH SOLE 180,000
MDU RESOURCES GROUP, INC. COM 552690109 7,819 375,000 SH SOLE 375,000
NABORS INDUSTRIES, LTD SHS G6359F103 10,868 520,000 SH SOLE 520,000
NATIONAL FUEL GAS CO. COM 636180101 9,162 200,000 SH SOLE 200,000
NATIONAL OILWELL VARCO COM 637071101 5,975 138,538 SH SOLE 138,538
NEW JERSEY RESOURCES COM 646025106 10,893 300,000 SH SOLE 300,000
NOBLE CORP. SHS H5833N103 29,419 775,000 SH SOLE 775,000
NOBLE ENERGY INC. COM 655044105 18,469 280,000 SH SOLE 280,000
NORTHEAST UTILITIES COM 664397106 4,748 200,000 SH SOLE 200,000
NORTHWEST NATURAL GAS COM 667655104 1,666 40,000 SH SOLE 40,000
OCCIDENTAL PETROLEUM COM 674599105 34,496 440,000 SH SOLE 440,000
QUESTAR CORP COM 748356102 9,014 240,000 SH SOLE 240,000
ROYAL DUTCH SHELL PLC-SPONSORED ADRA780259206 17,883 312,700 SH SOLE 312,700
SOUTHWEST GAS CORP. COM 844895102 1,971 77,070 SH SOLE 77,070
SOUTHWESTERN ENERGY COM 845467109 1,041 24,400 SH SOLE 24,400
SPECTRA ENERGY CORP. COM 847560109 2,061 108,812 SH SOLE 108,812
TOTAL S.A. SPONSORED ADR89151E109 11,852 200,000 SH SOLE 200,000
TRANSOCEAN LTD REG SHS H8817H100 26,339 307,953 SH SOLE 307,953
WEATHERFORD INT'L. LTD REG H27013103 7,670 370,000 SH SOLE 370,000
WGL HOLDINGS INC. COM 92924F106 10,701 322,900 SH SOLE 322,900
WILLIAMS COMPANIES, INC. COM 969457100 8,042 450,000 SH SOLE 450,000
XTO ENERGY COM 98385X106 20,144 487,500 SH SOLE 487,500
560,448