The Saudis want control of the oil market back, and they are lowering prices to weed out the high cost producers. But I found a western producer with even lower costs per barrel than the Saudis. That’s right—someone who beat them at their own game.  Just like the Saudis, this company...
Crescent Point’s Torquay Discovery Reignites Southeast Saskatchewan Just when you thought The Bakken couldn’t get any better—it does. Oil producers are now “cracking the code” on the Torquay, or Three Forks formation below the Bakken, and coming up with incredible economics—these wells are paying back in only seven months. This news has completely re-invigorated the Canadian side of the Bakken. And on the US side, the Three Forks is causing industry to leap-frog estimates...
  In Part 1 of my series on tax pools, I explained how the new dividend-paying junior producers will use up their tax shelters by drilling less—crimping cash flow much sooner than expected. In this article, I create a “tax pool universe” to help investors discover: 1. which companies have big tax...
One of the Largest North American Oil Discoveries in Decades What has the oil and gas industry so excited about the Alberta Bakken – the stealth play of the year? Some big companies on both sides of the 49th parallel have spent millions buying thousands of acres of land – with...
by +Keith Schaefer Last week I looked at breaking developments that suggest the Duvernay shale may be the most profitable play in Canadian history. Consider just two points on the play—hot off the press at a tight-knit gathering of Duvernay insiders put on by TD Securities in Toronto a few weeks ago: Well...
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...
We are now into Round 2 of the Global Oil War—where the Saudis maximize their revenue, and keep US shale producers—and their lenders—under the Saudi thumb. But there are a few very smart men—and I’ll tell you about a few of them in a minute—who think the price war will...
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)...