Murphy’s Law Is Alive And Well In The Canadian Energy Patch
Despite oil being up today, it's ugly for E&P companies across the globe. But I think Canadian producers have been hit with Murphy's Law worse than anyone.
After a decent Q2--because of the low Canadian dollar and forest fires reducing...
Yes it’s true. Ensign Energy Services ESI-TSX has an official dividend of 24 cents per year—6 cents paid quarterly. And the stock trades for 24 cents. Ensign is a Canadian-listed drilling company, but is one of the most international stories, with oil and gas rigs around the world. Only about...
I'm about to open a small window into the arcane world of oil producers' hedging. There are lots of industry terms you've never heard of....but the bottom line is this:Oil producers routinely write WAY out of the money hedges and pocket a small premium on a situation they know...
Low prices, high discounts and high condensate prices are conspiring to make this The Week From Hell for Canadian heavy oil producers. Heavy oil prices are now at the bottom of the barrel.
And not to sound like a traitor, but there is a very simple way for investors to...
Is the energy sector under-reporting oil demand? Some recent research suggests that's possible—potentially by a lot—as in 1.2 million barrels of oil per day (bopd).
For oil bulls, that's not enough right now to sway oil prices. But it could mean the market is tighter than everyone thinks.
And that wouldn’t...
DOES NEW ENGLAND HAVE A NATURAL GAS DILEMMA?
or....Deep Panuke Part II
By Bill Powers
Part I is here.
Natural gas discoveries in offshore Nova Scotia were supposed to help supply New England with years and years of natural gas supply. But Exxon has already left the area (Sable Island) and Encana’s reservoirs...
It feels like the start up of the new Trans Mountain pipeline has been coming for years. Wait a minute, it has been. But now the day is truly upon us - the Trans Mountain Expansion (TMX) is expected to start up in less than 3 months!
The pipeline expansion is going...
Oil moved up sharply at the end of last week--so maybe now the media will start paying attention to a fact it has so far ignored--the fact is that U.S. oil demand has SOARED in 2015.
The sheer magnitude of the American oil demand increase by itself has to have...