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...
I’m saying farewell to numerous companies that have been in oil price fantasy land and refuse to adapt to the new paradigm.
For too long, many of them have been:
Accumulating copious amounts of debt
Drilling prospects that are not justifiable at current sub $55 oil or even sub $75 oil
Relying on...
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...
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...
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...
Oil is up. Consensus has changed from a supply glut to a more balanced market by the end of this year—but the Market is in full swing pricing that in now.
Energy producers across the board have had a good run in the last month, and it could continue—both Brent and...
For the first time since 1949, the United States is poised to become a net exporter of petroleum products, according to the Petroleum Supply Monthly report for November put out by the U.S. Energy Information Administration.
Through the first nine months of 2011, the U.S. exported 753.4 million barrels of...