Brokerage firm Wunderlich Securities began coverage of exploration and production company Sandridge Permian Trust (PER:NYSE) on September 20, providing the company with a Buy rating and a target share price of C$21.
The United States Geological Survey (USGS) recently estimated that the Marcellus shale has 84 trillion cubic feet of undiscovered natural gas.
Who owns the Marcellus shale gas?
Financial services provider Dundee Securities recently announced that it is reiterating its BUY rating and C$9.25 target price Whitecap Resources (WCP:TSX) in part due to its strong position in the Pembina play.
Federal regulators announced on September 16 that they have given their approval for a pipeline that will deliver natural gas to East Coast states from the Marcellus Shale play.
Calgary-based Gran Tierra Energy (GTE:TSX) and its co-venturer Petrogas (BOE:TSXV) announced their discovery of a significant supply of oil in the Neuquen Basin of Argentina on September 12.
While several industry insiders have questioned the current perception that domestic oil production in the United States is thriving, a recent Forbes column argues that this skepticism is without basis.
Vaalco Energy (EGY:NYSE) closed a definitive agreement on September 6 to purchase leasing rights to 23,000 acres in Montana from Magellan Petroleum. (MPET:NASDAQ)
