Open Range Energy: The Upside of Montney Oil at Waskahigan

In its last news release, Open Range Energy reported its strongest Wilrich results yet at its core area of Ansell/Sundance where it brought its 13-26 well on production at a record IP7 rate of 7.8mmcf/d with ~20 bbls/mmcf of associated liquids. In happier times for natural gas (not that long ago), the stock would have

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Why is Parallel Energy Trust in The Penalty Box?

There’s a reason behind the weakness in price for shares of Parallel Energy Trust and I don’t believe it has anything to with it being a “natural gas” trust responding to record low natural gas prices or having its dividend in danger. The answer lies in the last operational update that was released a few

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Stock Updates: Aroway Energy, Hyperion Exploration, Palliser Oil and Gas

Aroway Energy ARW.V 0.61 [+0.01]: This stock, the one that got away, has performed superbly in the past months particularly in a difficult year such as 2011 where it outperformed its junior peers. Today they announced they will be increasing their 3D coverage by 75% on their 101 sections of land. Obviously, the results will

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Investing in Canadian Well Completion & Drilling Companies

The oilfield services industry provides investors with exposure to the oil and gas commodity sector minus the inherent risks associated with exploration and development drilling. These companies mainly offer contract drilling, directional services, wireline technologies, equipment rentals and frac fluids management. Besides the current strength in oil prices, why would anyone want to invest in

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Hyperion Exploration Carries Strong Operational Momentum into 2012

Hyperion Exploration exited 2011 with a bang; the company was able to exceed its exit guidance by spending less capital than anticipated. I believe this strong operational momentum is carried into 2012 with the upcoming operational update and the 2012 capex program due at any day before the end of this month. I never hid

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Palliser Oil & Gas: Rejuvenating Old Oil Fields Using a Game Changing Methodology

Palliser Oil & Gas is not your typical heavy oil producer; led by veteran oilman Kevin Gibson, the company is focused on rejuvenating old fields with large oil reserves in place and low recovery factors using a proprietary methodology. Palliser’s HVL (High Volume Lift) methodology sets the company apart from its peers as it has

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NAL Energy to Underperform in 2012?

NAL Energy NAE.TO 6.59 [+0.02] slashed its dividend by 29% reducing it from an annual $0.84 to $0.60 per share and went into production maintenance mode by reducing its capex to $200M for 2012. Not surprisingly, NAL executed the scenario that I discussed back in December when I demonstrated the unsustainability of their

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DeeThree Exploration: Are Investors Missing the Forest for a Tree?

Every single stock with exposure to the Alberta Bakken was on fire in the beginning of 2011 as the play was touted to be similar or very close to North Dakota’s Bakken. Investors were expecting to hit it big with IP rates of 500+ bopd but the dream of gushing oil never materialized. The first

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Stock Picking Contest: 4 Stocks to Buy in 2012

It’s time for a rematch! The friendly stock picking competition amongst a group of fellow bloggers is back in 2012. Each blogger picks 4 stocks (or ETFs) they think will outperform in 2012. The blogger can pick equities from the Canadian and US stock markets. Dividends, if any, will be included in the final tally

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Parallel Energy Trust: Is the Generous Yield Sustainable?

Parallel Energy trust is Eagle Energy’s twin in this new breed of trusts operating under US jurisdiction and funneling generous distributions back to Canadian investors. Unlike the 100% oil weighted Eagle Energy Trust, PLT.UN does not produce one drop of oil as it produces liquids rich natural gas. With a $0.90 distribution

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