High North is in the enviable position of having a small share float, a large land position in a proven oil play and a low-risk multi-year drilling inventory with over 150 locations. Better yet, it recently drilled 2 successful oil wells that are expected to payout in one year or less!
High North HN.V 0.66 [+0.01] optioned
Continue reading High North Resources: Montney Oil Junior Hits the Ground Running
The East African Rift Basin system is one of the last of the great rift basins to be explored. It was only in 2012 that Tullow and Africa Oil struck first oil in Kenya. It transformed Africa Oil into a multi-billion dollar company as the stock price shot from under $2 to over $9 in
Continue reading Taipan Resources: Hunting Elephants in Kenya
The “fruit flies” have finally showed up but it took longer than expected! The first time I bought DXE & NFK was back in April where I mentioned the part about the fruit flies:
“In the near term, I don’t expect the share price to go anywhere especially after the recent
Continue reading Commercial Oil Production within reach for Africa Hydrocarbons & Dualex Energy?
I still remember quite well the oil shock we witnessed in 2008; oil hit a record of $147 per barrel and quickly tumbled back down as the economy collapsed. The way events are moving these days, chances are we are about to witness a larger oil shock thanks to President Obama being hell bent on
Continue reading War on Syria May Trigger Oil Shock and Global Economic Collapse
A lot of digital ink has been spent over here on Spyglass Resources in the past few weeks. The new entity formed through the combination of Avenex, Pace & Charger has so far failed to impress the market. Investors have been doubting SGL’s ability to meet guidance and an underwhelming Q2 simply confirmed
Continue reading Spyglass Resources: Revisiting The Dividend Sustainability for 2013
The shares of junior energy exploration company Alberta OilSands Inc. AOS.V 0.145 [+0.005] more than tripled this week to 15 cents—after announcing its main asset was essentially being bought out by the government—for 25 cents a share cash. They already had 3 cents a share cash.
That would imply the stock has more room to
Continue reading Fort McMurray Eviction Leaves Alberta Oilsands Trading at Half of Potential Cash Breakup Value
A lot of interesting comments surfaced following the last post about spyglass resources, in particular by fellow investor hivoltage who cast a shadow of doubt on meeting production guidance for 2013. His questions are valid and his point of view made sense so I decided to take a deeper look at the 2013
Continue reading Spyglass Resources: Breaking Down Production Guidance for 2013
*The following post is written by Thomas Almond, a fellow reader & investor.
[Mich]There’s an unofficial policy whereby as a retail investor, you can contribute a unique piece detailing why a company is or is not a good investment opportunity in your opinion. Recall the Terra Energy piece was submitted by another fellow reader/investor here.
Continue reading Spyglass Resources Corp: Sustaining the Dividend Model
The drill bit is finally turning! Both DXE and NFK announced the long anticipated spud of the BHN-1 well. Drilling is expected to take between 4 and 6 weeks. Recall I’ve mentioned this is a high risk/reward well back in April when I first reported buying DXE shares.
No matter how you spin the odds,
Continue reading Stock Trades: Sold Dualex Energy
TAG Oil’s latest operational update triggered a 25% plunge in the stock price. The production numbers came in at 2,700 boed, way below the expected 5,000 boe/d management was guiding for after the completion of the infrastructure expansion. Is the stock an opportunity to buy a value stock or simply a drill punt? There’s no
Continue reading TAG Oil: Value Stock or Drill Punt?