Truk International Fund, LP (“Truk”), a mutual fund, appeals the district court’s order dismissing its class action complaint, in which Truk alleged violations of sections 11, 12(a)(2) and 15 of the Securities Act of *355 1933 by Cano Petroleum, Inc., various individual defendants who are officers or directors of Cano (collectively “Cano”), and the underwriters of the offering, related to an offering of Cano securities. We have reviewed the record and the parties’ briefs and oral arguments. We AFFIRM essentially for the reasons given by the able district court.