Taking Their Chances in the Spot Market... Later
Natural gas prices in Canada are so low that end users are now trying to seduce producers to hedge, so they can lock in longer term low prices. But few producers are keen to lock in long term losses.
RBC, Canada’s largest brokerage...
A major partnership between a Canadian company and a major Japanese oil and gas producer was recently announced.
Calgary-based exploration and production company Delphi Energy Corporation (DEE:TSX) recently reported that its production averaged 8,967 barrels of oil equivalent per day and that its associated cash flow per fully diluted share was C$0.14 in 3Q11.
Many of the leading Canadian natgas/condensate producers have exciting (bullish) short term stock charts—just at a time when one fundamental natgas chart looks ominously bearish. The Big Play for natgas in Canada is the liquids-rich Montney formation on the BC-Alberta border.
It is the Eagle Ford of Canada, with very...
Japan spent US$75.4 billion on LNG last year, paying an average price of US$16.60 per million BTU—while gas prices in the United States averaged just US$2.75. No Japanese politician, economist, or grocer thinks that makes sense. So Asia is trying to lower prices for Liquefied Natural Gas (LNG) as...
When I first started the newsletter in January, one of my best stockbroker friends asked me - where do you think the price of oil is going to be at Christmas 2009? I said US$65 or $75. Wow that's high, he said, compared to all other analysts.
But research analysts...
Operating costs are still coming down in North American natural gas and oil plays. This isn't showing up as reduced all-in costs on the financial statements of these energy producers just yet, but it will.
Costs are lowering for two reasons. One is demand destruction, which has cut in half the...
Oil and gas company Tamarack Valley Energy recently released an operational update, which indicated that the firm had third quarter production of 1,100 barrels of oil equivalent per day and recently added 10 sections of oil-containing land.
