by admin on March 12, 2010
My original story on Fracking Fluids generated more direct email and comments than any other article I’ve written – this issue clearly strikes a nerve with a lot of people.
And the issue is: How do we know if fracking fluids – the use of which has skyrocketed in the last few years around North America with all the new shale oil and gas plays - are contaminating drinking water?
I see two parts to this issue – full disclosure of fluid ingredients, and how these fluids could migrate up through hundreds of metres to groundwater level.
I asked a contact of mine at a fracking company – who wanted to keep his job and stay anonymous – to outline the fracking issue in easy to understand terms, and why isn’t the industry doing more to allay public concerns. He says:
“The secret everyone is trying to hide is how non complicated these secret recipes are, yes much like my tea biscuits you can have one but I am not telling what is in them. It is a competitive edge to have unique fluids in a very competitive market.”
His light tone is not to diminish the issue; he says the industry does use “nasty” chemicals. But I asked him to tell me what is in fracking fluids in layman language. Here’s his story: [click to continue…]
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by admin on March 8, 2010
Shareholders in West Energy (WTL-TSX) received a premium buyout offer from Daylight Resources Trust (DAY.UN-TSX) for a combination of cash and stock that essentially works out to $5.30 per share.
For subscribers to Oil & Gas Investments Bulletin, that equates to a 93% profit on a cost base of $2.74 in just six months.
Should investors tender their offer and accept the Daylight stock, or take profits and move on? I am taking profits, but not for the reason you might suspect.
[click to continue…]
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by admin on March 4, 2010
The controversy surrounding fracking fluids is getting louder. Websites and media savvy organizations are getting more press on this issue, using a very simple and powerful pitch – are the chemicals used in fracking fluids in oil and gas wells contaminating our drinking water?
North American investors have not been directly hit by this issue yet, meaning that a company’s stock hasn’t plummeted because they had to stop drilling over these concerns – yet.
[click to continue…]
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by admin on February 18, 2010
Investors need to understand what they’re reading on IP rates
Should there be a legal or industry accepted standard for reporting IP (Initial Production) rates on oil & gas wells? For both the industry and investors, it creates a quandary – do you want quick reporting of oil well flow rates, or do you want accurate and fair reporting?
Energy producers are often quick to produce press releases with eye-popping Initial Production rates – but with little or no context. Was it a 12 hour test, 3 day test or 30 day test? Was it the average flow rate during that time or the ending flow rate?
Horizontal wells – which now account for almost 50% of all new wells drilled – have IP rates 3x-7x what vertical wells have – but decline rates are higher, which means there is potentially a much larger gap between the initially reported production rate in the press release and what production level the well stabilizes at.
[click to continue…]
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by admin on February 10, 2010
The oil price could tread water or go lower over the coming months, even as global oil demand slowly increases – because of a surprisingly steady and rising US dollar.
Surprisingly, because US economic data is not all that strong, so in one sense the dollar has no reason to go up. Same store sales at Walmart and McDonalds are down. Government tax receipts are lower.
[click to continue…]
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by admin on February 2, 2010
Potentially Bearish Outlook for Oil Prices
By Brian Hoffman, CA, CPA, and an affiliate of the Market Technicians Assoc. and a member of the Canadian Society of Technical Analysts
Oil prices have staged a remarkable rally since a year ago, retracing almost 50 per cent of the drop from the US$147 high of 2008. The price chart for oil has formed a rising wedge during the last six months (see black converging trend lines in the chart below), which is potentially quite bearish since this type of chart formation normally resolves itself sharply to the downside.
[click to continue…]
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by admin on January 29, 2010
On Thursday January 27th, mid-tier Canadian oil producer Petrobakken (PBN-TSX) announced its second Cardium area acquisition – Result Energy(RTE-TSX). On January 4, Petrobakken bought out Berens Energy (BEN-TSX). This play has exploded onto the screens of analysts and investors in six short months.
I found two themes in reading the media and analyst reports on yesterday’s takeover of Result Energy (RTE-TSX) by Petrobakken (PBN-TSX):
1 Petrobakken overpaid for Result Energy.
2 This is the top of the Cardium market; sell.
Welllllll…I’m not convinced of that…what I took away from this transaction was:
[click to continue…]
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by admin on January 26, 2010
When I started my subscription service back in June 2009, I truly wasn’t sure how it would evolve. The core was to be stockpicking some junior and intermediate oil and gas producers listed in Canada and the US. I also thought I would be able to educate a lot of investors with many interesting story ideas that came out of my daily research.
I hoped, but could not have guessed, that my portfolio would perform as well as it has. One of my key tenets is transparency; this is my real portfolio. Every portfolio company which I present to subscribers is one in which I invest real real money; it’s not a model portfolio. I think it’s important for subscribers to know I put my money on the line with them. Subscribers get alerted to trades within minutes of their addition to the Oil & Gas Investments Bulletin portfolio.
The service has proven itself. It has made me hundreds of thousands of dollars in the past nine months. While there is a mix of domestic and international plays, the fact that I was in early to several of the hot new Cardium oil plays in Alberta was a big factor in the subscriber portfolio performance.
The numbers and subscriber feedback tell me the service is creating huge value for investors. My company reports are simply written, and easily understood. Plus, I use the same formula for each write up.
Subscribers can expect several new developments in 2010. The first and most exciting is one of my next two picks, which has me more excited than when I bought Wavefront Technology (WEE-TSXv; $2.30) at 71 cents. Second, is an increased focus on US stocks – there are some great opportunities there (especially if the oil price keeps dragging down stocks!). Third,later this year there will be a new Community Centre, inside the Members Centre on the website, where subscribers will be able to post their oil and gas stock ideas for others to read, all juried by me. 2010 is already looking like a very interesting and exciting year!
With that said, on February 6, 2010, our subscription rates will be increasing. The price for an annual subscription will become $399 (currently US $299), and monthly subscriptions will become $39 per month (currently US $29). There is a 60 day, 100% money back guarantee on annual subscriptions, and a pro-rata refund thereafter. There is no refund for monthly subscribers, who may cancel at any time.
Just as a comparison, several newsletters on the mining side charge $1500 – $3000 for the same, real- time information.
My team and I have many ideas we’re working on, to increase value to subscribers. But the main one, by far, is profiling opportunities for huge capital gains to subscribers in oil and gas stocks (no coal, no uranium, no lithium etc), and putting my own money on the line with subscribers.
I think 2010 will be a very exciting year for oil and gas investors, as the new technologies that are being used in North America to increase cash flow, profits and stock prices are implemented around the globe by very technically competent management teams.
In fact, one of my next two picks is an international play where horizontal drilling will be used for the first time in a highly prospective new oil field. This field is independently estimated to hold billions of barrels of oil – and this tiny junior owns a colossal sized land package in it. Two vertical wells have already shown the formation exists; to me it’s just a question if it can be fracked properly. This could quickly become the most profitable investment I have ever made.
Take advantage of the current subscription rate, and my 60 day money back guarantee, before February 6, 2010.
God Bless & prosperity to all in 2010!
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