The US oil and gas sector played a part in the job improvement in 2011 by creating 37,000 jobs directly and 111,000 jobs indirectly. That represents 9% of all jobs created in the USA according to a World Economic Forum report. Remember that these are no minimum wage jobs, these are high quality paying jobs …
Weekend Edition: The US Oil and Gas Sector Creating Jobs Read More »
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 …
War on Syria May Trigger Oil Shock and Global Economic Collapse Read More »
At this week’s TD securities energy conference, a strong commitment to multibillion dollar oilsands projects was expressed by operators. That is a great sign of confidence in Canada’s energy future given current pipeline uncertainty, wide price differentials and lower crude prices. This also means the oilsands operators are banking on increased pipeline capacity to solve …
Weekend Edition: Multibillion-Dollar Commitments to Oilsands Projects Read More »
Eagle Energy Trust’s last Q3 report was below expectations due to operational hiccups. The company reduced its guidance for the second half of 2012 which triggered a drop in the stock price. Its time to check on the dividend sustainability based on the anticipated lower production volumes in 2013. Q3 production came in at 2,825 …
Eagle Energy Trust: Q3/12 Operational Challenges Trigger Selloff Read More »
The Canadian Association of Oilwell Drilling Contractors recently released a new drilling forecast for the next 3 quarters of 2011 raising its drilling activity expectation in western Canada by 24% with 60% of wells being directed at oil targets and the with the rest focusing on liquids rich natural gas targets. This should not come …
According to the International Energy Agency’s (IEA) 2011 World Energy Outlook report, world demand for energy is set to increase 40% by 2035. China alone will account for 30% of demand growth consolidating its position as the world’s largest energy consumer. In 2035, the share of fossil fuels is expected to drop slightly from 81% …
There are 2 things I like about Hyperion Exploration HYX.V 0.425 [0.00]: the CEO and the Cardium land package.?? The Cardium might not be the sexiest play in the patch right now but that does not mean you can’t put together good quality assets and build shareholder wealth. I spoke with the CEO last week …
Capital expenditures & production guidance for 2013 are making their way gradually into OGA for companies in the coverage universe. The budget announcements are typically released between December and January. For dividend paying companies, the annual average production & capex figures are instrumental for projecting a company’s ability of supporting its dividend. While guidance usually …
Renegade Petroleum?s stock price got hit hard last Friday losing 12% during the day. The drop came after it released its year end results a day earlier. Investors were not happy to see its debt standing at ~$291M vs ~$247M on higher spending and higher closing adjustments for its Queensdale asset acquisition. On top of …
Renegade Petroleum Sinks on Higher Debt and Flooding Risks Read More »
Now that you’re familiar with the Alberta Bakken oil play and the players in Southern Alberta, let’s cover the players on the US side of the border in Montana. The same scenario is playing out in Montana where several companies are actively working to acquire as much prospective land as possible. The great part about …
The oilfield services sector has not been kind to investors this year. Only a handful of companies can boast a strong ROI in 2012, the remaining majority is sitting in the red. There’s a long list of variables responsible for this state starting with an uncertain macro environment. However, with valuations in the trough, this …
A Buying Opportunity in Oilfield Services Stocks? Read More »
March 17th, 2012 Category: Weekend Edition 5 comments Tweet According to a recent CIBC world Market report, oil producers in Alberta are missing out on $18B (B for Billion)/year by selling out their Canadian oil priced substantially lower than international crude.??Weve??got Brent oil trading around $126, WTI oil around $107 and our Edmonton light trading …
Weekend Edition: Alberta Producers Losing $18B a Year Read More »
Global Green Matrix Corp. GGX.V 0.08 [0.00] is the new kid on the block in the Frac Fluid Heating Business. This oilfield equipment-rental company entered the sector with a technological edge, using an innovative and highly efficient water heating system called ?Big Heat?. ? Fracking is a technique used to release oil and gas from …
Global Green Matrix?s Big Growth Opportunity in Big Heat Read More »
In its latest monthly report, the IEA raised its outlook for growth of oil demand in 2012 by 0.8 million barrels per day to 90 mbpd. Rising demand from emerging economies particularly China will be offsetting any declines in consumption seen in Europe or the US. In North America, the decline trend seems to be …
According to BP’s annual??Statistical Review of World Energy, published on June 8th, 2010’s energy consumption was up by 5.6% from 2009. Oil consumption which accounts for 34% of the world’s primary energy by BP’s calculations rose by 3.1%. Coal, at 30% the number two fuel, was up by 7.6%, growing faster than at any time …
Weekend Edition: World Energy Consumption Registers Sold Growth in 2010 Read More »
The oil and gas industry is notorious for flushing billions of dollars down unsuccessful and incredibly expensive exploration wells every. single. year. The cost of a single exploration well these days can exceed $100 million. Thats on top of the money spent on seismic data acquisition before the drill bit starts turning. In fact, the …
Xtreme Coil Drilling markets high spec drilling rigs and coil service rigs ideally suited for unconventional resource plays. With the advent of the shale revolution not only is the number of horizontal wells steadily rising, companies are drilling deeper wells with longer lateral legs which is exactly where XDC’s specialty comes in. XDC is currently …
Xtreme Coil Drilling: Undervalued Drilling Company on the Cusp of Strong Growth Read More »
This is the second part of our series covering oil production from the Viking formation; the first post covered the Viking oil play in Saskatchewan. Today’s post will cover the Viking oil play in Alberta along with the notable players involved.?? The Viking light oil fairway is a trending porous sandstone/conglomerate with 6-12 million barrels …
The Slave Point formation is a 400 million year old layer of carbonate rocks (sedimentary rock composed primarily of carbonate minerals: limestone and dolostone) that occurs in southern?Northwest Territories, northeastern?British Columbia?and?northern Alberta. Exploration targeting this formation has yielded significant pool discoveries in Alberta especially in the Greater Red Earth area where the first vertical wells …
In 2009, many natural gas weighted producers were on the brink of bankruptcy following very tough economic times. With natural gas prices hammered, many producing wells had to be shut because they were no longer economic. These companies woke up one day realizing that they have a great chance to rebalance their production weighting between …
This post is brought to you by Roseman Executive Suites. Do you have an upcoming business trip to Calgary soon? The first thing you have to do is find yourself a place where you can relax and unwind after your long work days. Nothing like a contemporary suite with a full set of??amnesties in order …
Winstar Resources initiated a strategic alternative process back in Q3 of 2012. Almost a year later, it’s payday! Or so you’d think unless you bought your shares below $2; the company has been sold at a disappointing price in my opinion. I’ve written about Winstar Resources WIX.TO 2.50 [+0.05] before, I like the company and …
In 2012, Parallel hit investors with one big headache after another. A host of challenges faced during the year took a heavy toll on the share price which fell below $4 down from a $9 yearly high. Now that the long anticipated dividend cut is in, where does Parallel go from here? Let’s take a …
Twin Butte Energy was one of a few dividend paying stocks able to afford its dividend. On top of it, it was able to pay its dividend from producing heavy oil rather than high netback light oil production. But in its last update, TBE reported operational??challenges that impacted close to 1,000 bopd last week. The …
Twin Butte Energy: Setting Up for a Heavy Oil Contrarian Trade? Read More »
Contracts for differences (CFDs) are becoming more popular in European countries as well as Australia, US, Japan and China. A CFD is an agreement between an investor and a business to exchange the difference between the opening and closing price of an underlying asset over time. Many investors using platforms such as Interactive Investor are …
