Only a few oil and gas companies actually provide meaningful growth and yield at the same time. While Crescent Point Energy stands out in the oil weighted universe, Peyto Exploration is its counterpart in natural gas. Having the lowest operating costs per mcf is one of a few factors that?make of Peyto one of the …
Peyto Exploration: Natural Gas Producer Provides Growth & Yield Read More »
Argent Energy Trust is the third company to join the select cross border club of Canadian high yield income trusts. Argent operates oil and gas properties in South Texas and Oklahoma targeting the Eagle Ford, Austin Chalk and Wilcox formations. Just like Eagle Energy Trust, Argent pays a generous distribution of $0.0875 per share on …
Argent Energy Trust: Eagle Ford Shale Upside Beacons Read More »
It’s been a rough year for Reliable Energy investors, between disappointing results in Montana and lowering their guidance for 2011 REL has been stuck in the lower levels of its trading range. However, the ship is turning and this Bakken light oil junior producer is finally on the right track following its Q3 report and …
Reliable Energy Production Hits 1100 bopd Milestone Read More »
The Triassic Spearfish formation (known as Lower Amaranth in Manitoba) is situated at the northeastern flank of the Williston Basin extending from Southwestern Manitoba into North-central North Dakota (Bottineau County).??This is another classic case of ??technology (horizontal drilling and??multi-stage??fracturing)??transforming a marginally economic vertically drilled reservoir into a highly sought-after tight oil resource play with millions …
The Spearfish oil play in Manitoba and North Dakota Read More »
Under existing federal rules, companies that do offshore drilling face maximum cleanup costs of up to $40 million for environmental damage in the north and up to $30 million elsewhere, when no fault or negligence is proven. But critics have warned that this represents a fraction of the cost of multimillion- or multibillion-dollar disasters such …
Synodon Leak Detection Technology lays Pipelines to Profit Read More »
Editor?s Note: Its the season for reading a steady stream of reserve reports released by oil and gas companies. Today I am sharing with you a piece written by my colleague Keith Schaefer that explains why investors should pay attention to reserve reports. What do all oil and gas companies have in common? At the …
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 0.55 [+0.01] optioned …
High North Resources: Montney Oil Junior Hits the Ground Running Read More »
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 …
Investing In Canadian Oilfield Services & Drilling Companies Read More »
That?s what the International Energy Agencys chief economist, Fatih Birol said. According to Birol, oil demand is growing so strongly worldwide that every single drop of Canadian oil will be needed. No surprise there as the IEA is forecasting global demand for oil will hit 99.7 million barrels of oil per day in 2035 up …
The World Needs Every Single Drop of Canadian Oil Read More »
If you have been updating yourself about the recent developments in the world economic affairs, the sudden spurt in the references to West Coast of Canada must have caught your attention.?? Kitimat & Prince Rupert of British Columbia have shot to fame and all for the good reasons. I am referring to the increased interest …
Canadian West Coast and Oilfield Service Companies Read More »
Marquee Energy was born from the combination of SkyWest Energy and Marquee Petroleum. While it was a painful event for SkyWest shareholders, the new company should no longer carry the SkyWest Stigma. Lead by a completely new management team with veteran oilman Richard Thompson at the helm, this is a brand new story worth following …
Marquee Energy: Oil Stock with Strong Production Growth Ahead Read More »
In my recent posts Ive??mentioned more than once how easy it had become to build financial models for companies I research. It was all thanks to the Oil & Gas Analysis software I have been working on in the past few months. The days of number crunching on Excel are finally over! What does this …
In the junior oil and gas sector, unless you were invested in SOG or RMP you must have noticed your stocks are currently trading at a very cheap valuation, in some cases reflected in record low stock prices. I am talking about Canadian listed companies operating in the Western Canadian Sedimentary Basin. The valuation metrics …
Canadian Oil and Gas Stock Valuations Hitting New Lows Read More »
Oil and Gas exploration in East Africa comes with some risk, but offers huge potential rewards in return.?? That’s particularly true for junior companies who can secure large acreage positions with world-class oil prospects. But it can take years just to assemble the land and shoot seismic. These companies also need to have deep pockets …
Emperor Oil: A Junior on the Cusp of Strong Production Growth in East Africa Read More »
Reliable Energy (TSXV:REL) released a disappointing update regarding its latest vertical test well in Montana (Fort Belknap). ‘The well was completed and tested in the Duperow formation. High fluid rates were established, but no economic hydrocarbon volumes were produced.’ To put it bluntly, the test well failed. With expectations running high, this crappy market swiftly …
Renegade Petroleum’s announcement of conversion to a dividend paying entity sure came as a surprise. The company dumped the high growth model in favor of yield. Renegade can’t be blamed for the move since its track record of growing production met with a yawn from the market. Lets take a look at the new dividend …
The Viking is an established oil play that has produced oil and gas from conventional reservoirs since the 1950’s. From a geological point of view, the play has been delineated by more than 8,000 vertical wells. This is a low risk light oil resource style play with a large amount of original oil in place …
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 …
Hyperion Exploration to Carry Strong Operational Momentum into 2012 Read More »
Second Wave Petroleum announced it has received a buyout offer for a ‘significant premium’; Brookfield Bridge Lending Fund which owns more than 47% of the company is paying $0.30 per share to take SCS private. Its game over for SCS shareholders leaving Arcan Resources as the next buyout waiting to happen, the question is at …
Western Canada Select (the benchmark for Canadian heavy crude prices) is now above $70 per barrel. Differentials have shrunk for a record $41 discount seen in December down to $26 per barrel a major improvement. source: www.dailyoilbulletin.com The widening differentials were blamed on rising production, tight pipeline capacity and a series of refinery outages. But …
Weekend Edition: Heavy Oil Prices at 15 Week High Read More »
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 …
DeeThree Exploration: Are Investors Missing the Forest for a Tree? Read More »
Just a few weeks into 2013 and Petrobakken’s stock has lost more than 13% so far. This makes it the top losing stock in the dividend paying intermediate category ‘ and January is not over yet. The company did not miss its exit guidance for 2012 to deserve this punishment but its 2013 guidance came …
Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and economic news from around the web. A significant energy deal is in the works between China and the province of Saskatchewan, the managing director of Saskatchewans trade and investment representative office in Shanghai said Wednesday. The deal is …
Weekend Edition: Expect More Energy Deals in 2011 Read More »
Every year the oil and gas industry flushes billions of dollars down unsuccessful and incredibly expensive exploration wells.?? 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. The annual global geophysics market is estimated …
Bonterra Energy is a light oil focused dividend paying intermediate producer??that??recently executed a??transformational??transaction by acquiring Spartan Oil. The acquisition bumped the drilling inventory to over 600 net drilling locations across 194 net sections of land prospective for Cardium oil. The announcement also included an increase to the dividend which sounds unbelievable in this environment of …
