Goodbye Vero Energy, Hello TORC Oil & Gas (TOG-TSX). TORC (which I believe stands for Tight Oil Resource Corp.) just announced it is combining with Vero Energy VRO.TO 2.51 [0.00]. TORC was a private company with 60 net sections of Cardium and 150 net sections prospective for Alberta Bakken oil. Pro-forma, TORC will become a …
Oil, Gas & Energy Analysis
On October 19, ??based on a revised commodity deck?? price assumptions (WTI oil price forecast for 2012 lowered from $92.50 to $85.00 per barrel) Cannacord updated its target prices for the Junior, Intermediate and International E&P group by an average -10%, -11% and -7%, respectively . Among the juniors are 3 companies we are all …
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 …
GE is very optimistic when it comes to solar power, it sees rates of 15 cents or lower per kilowatt-hour beating fossil fuel and nuclear generated electricity in 3 to 5 years. The 2009 average U.S. retail rate per kilowatt-hour for electricity ranges from 6.1 cents in Wyoming to 18.1 cents in Connecticut, according to …
Investing in the oil and gas sector hasnt been fun these past few months. Unless you’re invested in a select few, your risk has not been rewarded at all by Mr. Market. I can post a very long list of junior/intermediate producers that got decimated over the months. The senior producers pretty much sum up …
The International Monetary Fund warned last Friday that rising oil prices are becoming a threat to the global economy. This rise has been??fuelled??by tensions between western nations and Iran who is facing punitive measures against its crude exports.??The situation in Iran is a risk as it might get hit by Israel in a sudden strike …
Hyperion Exploration released initial results today for 3 wells, 2 in Garrington and 1 in Buck Lake. The results are very encouraging and likely to exceed the conservative type curve set by the company: Area Well (WI %) Status 3 day Average 7 day Average 14 day Average Last 24 Hour Rate 30 Day Type …
The Fraser Institute, an independent Canadian public policy research and educational organization, released its Global Petroleum Survey 2011 which helps measure
hether you’re a contrarian investor or a value investor looking for exposure to natural gas weighted producers, make sure you review the following variables.
Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and economic news from around the web. The best
Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and economic news from around the web. Guess who
Have you read the latest forecasts for oil prices in 2011? How about some headlines to give you a taste of what the analysts are expecting? Oil price forecast
The Slave Point formation oil play in the Greater Red Earth area has an estimated 1 billion barrels of OOIP (Original Oil in Place) or up to 10 MM OOIP/Section.
Palliser Oil & Gas is not your typical heavy oil producer; lead by veteran oilman Kevin Gibson, the company is focused on fields with large oil reserves in
According to First Energy, North American rail shipments of oil are estimated to reach 465,000 bpd this year. That’s the equivalent of a major pipeline such a
Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and economic news from around the web. Oil
I came across an interesting headline of a premium article with the following content: The fate of the U.S. nuclear renaissance will be determined more by
The shale revolution has arrived to Argentina. This post links to 2 articles covering the oil and gas sector in Argentina.
Pinecrest Energy and Spartan Oil’s “merger of equals” took the market by surprise. The new Pinecrest Energy will be a $1-billion dollar oil weighted dividend
What happens when Edmonton Par (Canadian light oil benchmark) trades at a discount of $9.50 to WTI and when Western Canadian Select (Canadian heavy oil
The CEO of Royal Dutch Shell, one of the world’s biggest oil companies, believes oil prices will continue their long-term price rise. That’s not the first tim
While this month has been a text book example of “Sell in May and go away” for commodity stocks, this year has also been a text book example of how con
2012 still had its winners which returned impressive gains for those for those that identified the opportunity, took the risk and held on
Pinecrest enjoys a 99% oil weighting with a healthy balance sheet, top tier netbacks, high growth and a lot of running room in a proven low risk light oil play.
Merry Christmas! Canada is the biggest loser among oil producing countries. Its heavy oil/bitumen production is selling at more than a $50 discount to Brent.