Oil Prices

oil prices, oil companies

This is the worst time of year for world oil prices to hit a five year low for North American energy producers. That’s because they typically evaluate their reserves at fiscal year-end—and that usually matches the calendar year.  That means reserve evaluations are done with the current price "deck" looking...
Oil producers in Alberta have embraced the holy rail, shipping out by train car an estimated 120,000 barrels of oil per day (bopd) to refiners on the east coast and the U.S. Gulf. Despite rail costs doubling pipeline tariffs, producers were able to get such a better price railing it...
The heavy oil price in Canada has been surprisingly strong this year, and that led me to purchase some Rock Energy (RE-TSX) on Friday.  It is one of the few (I've only found 2) juniors with exposure to heavy oil.  The stock is cheap on several metrics compared to...
Some junior oil and natural gas companies with large debts are starting to have their financial problems go public.  See these examples: On February 17, Canadian Superior (SNG-TSX) just had their $47 million loan called by the Western Canadian Bank. Canadian Superior along with partners including British Gas has made...
The breakeven price for oil and gas companies in 2008 was US$87.24 per barrel of oil equivalent (boe), BMO Nesbitt Burns said in their annual Global Cost Study released July 21.  The three year average for the industry's breakeven price is US$73.60.  They estimate the 2009 breakeven price will fall...
OGIB INTERVIEW WITH ROBIN MILLS IN DUBAI Robin Mills is author of “The Myth of the Oil Crisis” and is CEO of Qamar Energy, a consultancy that advises clients on strategic, commercial and business opportunities in Middle East oil and gas.  I interviewed Mills--a Briton who has lived in Dubai...
You can read a lot on the breakeven price for oil right now.  I think a lot of what you read now is missing the point--because I think the breakeven price for oil isn't all about economics.  There's a human element to this (and every) trade. I think the breakeven...
I became a believer in this oil price move on Wednesday, when a bearish weekly report came out from the EIA—the US Energy Information Administration. US production was up and inventories were up—everything about that report was bearish.  The oil price only dropped for an hour, maybe 90 minutes, then...