By Brian Hoffman Canadian Phoenix Resources Corp. (CXP-TSX/VEN, $1.32) is a junior oil and gas company that is trading for less than its cash value – $1.44/share ($66.7 million cash over 46.252 million shares out). CXP recently sold its interests in the two subsidiaries that were responsible for almost all ...
Read the full article | Comments { 0 }

Shale gas and shale oil plays in Europe are hitting new milestones – though it’s not showing up in anybody’s stock price just yet.  The first shale gas well has now been drilled in Poland, and the first shale oil well in the Paris Basin is due this fall. Many ...
Read the full article | Comments { 0 }

I recently wrote that junior energy stocks were trading like they had an incurable disease; nobody wants to touch them.  But now several junior oil stocks are starting to show positive divergence, which means that the momentum of the downward selling pressure is getting less and less. This is also ...
Read the full article | Comments { 0 }

Today’s buyout of Ryland Oil (RYL-TSX) by Crescent Point Energy (CPG-TSX) is a good example of how large “resource plays” can get valued by investors.  CPG paid $121.8 million, or roughly $0.45/share for Ryland. But back in 2006, when the mania of the emerging Bakken oil play in North Dakota ...
Read the full article | Comments { 0 }