I bought 1,000 shares of Second Wave Petroleum (TSE:SCS) at $2.48 in my HELOC account. I am currently holding 2,500 shares of SCS at an average price of $2.48 in my HELOC account. Stock Trade Commentary My position is now complete in Second Wave Petroleum. In February, 1,650 boe/d of production at Judy Creek should …
Spartan Exploration (TSE:SPE) is my biggest holding and risks to grow even more. As such an update is provided for this excellent Cardium/Bakken player with the latest news. Spartan Exploration recently closed its offering for gross proceeds of $17.25 million. It also announced expanding its capital budget by $20 million to $51 million for the …
Stock Picks Update: Spartan Exploration (TSE:SPE) Read More »
Emerge Oil & Gas Inc. is a Calgary based, publicly traded Junior Oil and Gas Company on the Toronto Stock Exchange (TSX), operating in 2 two core areas. Total field estimated production is comprised of 4,400 boe/d heavy oil in the Lloydminster area of West-Central Saskatchewan and East-Central Alberta, 700 boe/d of light/medium oil in …
Today, I sold 12,500 shares of Terra Energy (TSX:TT) at $0.31. In at $0.27, out at $0.31, profit=?+13.50%?after commissions. Trade Commentary? Terra?s news release today simply confirmed the last disposition announcement. The company will be closing on $22M in dispositions on December 14 leaving the buyer with the OPTION to buy the remaining acreage for …
Today, I added 200 shares of Artis REIT (TSE:AX.UN) at $12.13 to my HELOC account. I am currently holding 500 shares at an average price of $12.88. Stock Trade Commentary I decided to add 200 shares to my REIT position in my HELOC account as I could not find any reason to justify the sell …
Stock Trades: Bought more Artis REIT (TSE:AX.UN) Read More »
Yesterday, I bought 1400 shares of TSE:FVI Fortuna Silver Mines at 2.20. Sold TSE: MEL Midway Energy (oil & gas) In at 3.18, out at 3.77, profit = +18% after commissions Stock Trade Commentary Lets start with the selling, I really would have liked to sell Midway above 3.80 but my sell price was never …
January 14th, 2011 Category: Stock Trades 4 comments Tweet Yesterday, I bought 1,000 shares of TriOil Resouces (TSXV:TOL) at $4.30 in my HELOC account. Stock Trade Commentary TriOil has a very nice package in the Cardium Lochend area, 56 net sections to be exact with an inventory of 150 wells. Many competitors are active around …
January 19th, 2011 Category: Stock Trades 2 comments Tweet Yesterday, I sold 1,000 shares of Spartan Exploration (TSE:SPE) from my Non-Registered account. In at $3.00, out at $5.09, profit = +68.5% after commissions. I also bought 1,000 shares of TriOil Resources (TSXV:TOL) at $4.32 in my Non-Registered account which brings my total number of shares …
Stock Trades: Sold Spartan Exploration, Bought TriOil Resources Read More »
Touchstone Exploration TAB.V 0.23 [-0.01] was presenting in Montreal last week where I had the pleasure of attending and meeting with CEO Paul Baay and COO Roy Bryant. Touchstone is a junior producer with about 2,000 barrels of oil from the island nation of Trinidad & Tobago. I found the story interesting so I thought …
Touchstone Exploration: Junior Producer in Trinidad & Tobago Read More »
Earlier this week, I decided to increase my position in Winstar Resources WIX.TO 2.50 [+0.05]. ??I picked up 1,500 shares at $2.32 which is right around my cost for the shares I already hold. The trade is directly related to the acquisition of Winstar by Kulczyk Oil Ventures (KOV) I posted about a few days …
I bought 1400 shares of Fortuna Silver Mines today at 2.48 yesterday. Stock Trade Commentary I love to buy my shares when uncertainty reigns. Whether Goldman Sachss lawsuit is the tip of the ice berg or not, the fundamentals of Fortuna have not changed since last week when it was trading above 2.80. This is …
Yesterday, I picked up 1500 shares of Delphi Energy (TSE:DEE) at 2.53. Stock Trade Commentary Yesterday, after I finished reviewing the Q2 filings, for a second time, I went over a recent analyst report about Delphi praising a strong and solid quarter. I always have Delphi on my radar, so I noticed the price drifting …
Aroway Energy is a junior oil producer that I closely follow. Last week, I caught up with Chris Cooper, President and CEO, to get an update on Aroway’s story as we close in on the end of the year. Last year when I interviewed Chris, the company was on its way to hit its 2011 …
Aroway Energy: On Track to Double Production a Second Year in a Row Read More »
Today, I sold 1,000 shares of TriOil Resources (TSXV:TOL) at $2.98. In at $2.95, out at $2.98, profit=??+0.34%??after commissions. I also bought 12,500 shares of Terra Energy (TSX:TT) at $0.27. Trade Commentary?? This is not profit taking on TriOil, this is simply rotating money into Terra Energy which so far has returned me more than …
Stock Trades: Sold TriOil Resources, Bought Terra Energy Read More »
Today, I sold 1000 shares of TSE: FVI Fortuna Silver (Silver) In at 2.32, out at 2.42, profit = +3.45% after commissions. Stock Trade Commentary I decided to re-balance my portfolio and as such I sold another chunk of FVI. The plan was to buy into another stock but I could not make up my …
October 4th, 2010 Category: Stock Trades 3 comments Tweet Today I bought 1500 shares of Cequence Energy at $1.83 in my HELOC account. Stock Trade Commentary Cequence released good news today validating their Wilrich formation play. Their latest well IPed at 8.5 mmcf/d (4x the test rate of a typical vertical discovery well in the …
Yesterday, I bought 2,500 shares of Impact Silver (TSXV:IPT) at $1.31 in my HELOC account. I also sold my 500 shares of Arcan Resources (TSXV:ARN) at $4.81 in my non-registered account. In at $4.51, out at $4.81, profit = +6.21% after commissions. Stock Trade Commentary I am back into Impact Silver with a small position …
Stock Trades: Bought Impact Silver, Sold Arcan Resources Read More »
Reliable Energy (TSXV:REL) released its Q2 results earning $1.22 million for the quarter. REL??achieved??an operating netback of $73.17 per barrel on the back of $102.80 in realized average wellhead prices. For the rest of the year, their average annual realized price will be around $90 per barrel thanks to their hedges ensuring an exit with …
October 5th, 2010 Category: Stock Trades 3 comments Tweet Today, with a heavy heart, I sold my 1000 shares of WestFire Energy at $5.77 in my HELOC account. In at $4.99, out at $5.77, profit = +15.23% after commissions. I also bought 300 shares of Artis REIT at $13.38 in my HELOC account. Stock Trade …
Stock Trades: Sold WestFire Energy (TSE:WFE), Bought Artis REIT (TSE:AX.UN) Read More »
PetroBakken Energy recently announced it acquired 17.3% (11.1 million shares) of TriOil Resources??(TSXV-TOL). Buying up the rest of the company is only a matter of time. How much time ? that would be the unknown variable but for how much money? Well we can certainly crunch some numbers here. TOL is a perfect strategic fit …
July 6th, 2011 Category: Stock Trades 4 comments Tweet Yesterday, I bought 1,000 shares of Pinecrest Energy (TSXV:PRY) at $2.42 in my HELOC account. I also sold 1,000 shares of Hyperion Exploration (TSXV:HYX) from my TFSA account on Monday. In at $1.08, out at $1.19, profit =??+8.34% after commissions. Stock Trade Commentary I am nibbling …
Stock Trades: Bought Pinecrest Energy, Sold Hyperion Exploration Read More »
I bought 2500 shares of Palliser Oil & Gas (TSXV:PXL) at $0.68 in my HELOC account. This brings my total holdings to 5000 shares at an average price of $0.67. Stock Trade Commentary I find PXL extremely undervalued at this price. Enbridges pipeline reopened after the Michigan spill yesterday and the heavy oil differential in …
Stock Trades: Bought More Palliser Oil and Gas (TSXV:PXL) Read More »
I bought 1,000 shares of Arcan Resources (TSXV:ARN) at $3.78 in my HELOC account. I also bought 500 shares of Whiterock REIT (TSE:WRK.UN) at $12.50 in my HELOC account. Stock Trade Commentary What a great day to be a buyer today. Deploying margin should be methodical and not all at once given the volatility that …
Stock Trades: Bought Arcan Resources and Whiterock REIT Read More »
Avenex surprised investors with a 20% dividend cut dropping its monthly distribution from $0.045 to $0.035 per share. The market retaliated swiftly by sending its shares 20% lower on that same day. The share price has since continued to drift lower signaling there might be more cuts to come. Is Avenex Energy?s dividend sustainable? According …
Avenex Energy: Dividend Sustainability Analysis and Outlook Read More »
Spartan Exploration Ltd. is a uniquely positioned oil weighted junior. It has significant exposure to three leading resource plays, strategically focused in Western Canada. Quick Facts (Q3 2010): Q3 Average Production: 979 boe/d, 84% Oil + NGL O/S: 41.5 million FD (management ownership 33%) Debt: nil Land: 91k gross acres undeveloped 62,930 acres (43,307 net …
