By: Bill Powers
Valuing public companies is a black art.
Analysts use many metrics, and when delivering a final price target on a stock, use the average of several methods—cash flow multiple, Net Asset Value and the esoteric “management premium”.
But I want to suggest to investors that right now, one of...
Half the oil price but 4x the free cash flow! Sounds like a pitch from Barnum & Bailey's circus, doesn't it--Step right up folks and see it with your own eyes!
I'm going to show this magic trick--starting with the chart below. In 2017 at $50 oil, Vermilion Energy (VET-TSX/NYSE)...
Why "Time Is on Their Side" in 2011
PART 1 OF A 2 PART SERIES...
What mergers and acquisitions will happen in the Cardium oil play in 2011?
In the last half of 2009 and the first half of 2010 the Cardium was the hottest play in Canada. Valuations moved up quickly...
Is there any common ground in the debate over hydraulic fracturing? It’s a divisive issue, especially in the U.S., where 90%-plus of all global fracking is done now, pitting neighbor against neighbor.
Two weeks ago I wrote about a success story -- How a U.S. Oil Refinery Got Saved -- in which...
Apache’s new High Alpine discovery on the SW edges of the Permian Basin is one of the three most important inflection points in the North American energy market in the last decade.
(The other two are the rise of the oily Bakken play in North Dakota and the gassy Marcellus...
Natural gas supply and demand fundamentals have changed in a major way. In March there was way too much gas. By November there may not be enough...at least at these low prices.
NOW is the time to position yourself to profit from it…..BEFORE the money starts flowing into natural gas...
This week the EIA released the first look at its new method for reporting United States crude oil production.
It revealed two things.
First, the EIA’s prior method had been significantly overstating U.S. oil production so far in 2015.
Second, U.S. production appears to have started declining back in April. This is...
What are the Fathers of the Shale Revolution doing now?
You would be surprised—I sure was. The main part of the technical team from Mitchell Energy—which combined fracking and horizontal drilling to start The Shale Revolution in Texas’ Barnett Shale in 1998—is now working for a 15 cent junior in...
