Petrobank Energy and Resources (PBG-TSX; $35.97) announced yesterday it was creating a 37,000 bopd Bakken-focused oil producer by merging its Canadian Business Unit (CBU) with TriStar Oil and Gas (TOG-TSX; $11.51) to create a new company, Petrobakken.
The cash and stock transaction gives TriStar a value of $14.75 cash, a...
Dear OGIB Reader,
Recently I sat down with Michael Campbell, host of the MoneyTalks radio show, AM980 Canada, to discuss the oil market… along with a few oil stocks in the Oil & Gas Investments Bulletin portfolio.
Here's the transcript of our conversation. Enjoy.
- Keith
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Michael: Very pleased to welcome back to...
Sector Diversification: Target Oil Sands
Just about everybody on Earth ought to know by now about the oil sands are a vast and virtually limitless supply that's going to backstop North American energy security for a century or more.
But for all the hype and hoopla, surprisingly few investors...
Daylight Energy Trust (DAY.UN-TSX) bought Highpine Oil and Gas (HPX-TSX) on Sunday, August 23rd for $7/share in stock and cash.
Daylight, like most Canadian trusts, is natural gas weighted and has debt. When your production is 72% natural gas, as Daylight was, you cannot afford to have 72% of your...
Rig productivity increases dramatically as the rig count in an area decreases—data from the EIA show productivity increases as much as 50%!
It means US oil production will not follow anywhere close to the same trajectory the rig count has (i.e. falling off a cliff), and it also means the...
RICK RULE INTERVIEW PART II
Keith: Rick, in the first part of our interview we talked about the state of the energy market now, and what some of the opportunities are.
But let’s talk details for a second—you’re aiming to come in somewhat as a lender of last resort in a...
Canadian energy stocks are playing serious catch up to their American cousins this year. And I think that should continue through 2014—Canada is the Best to Invest in energy for the first time in 2-3 years. Last year, everybody’s money was going into US stocks—in almost all industries. Energy...
Editor's Note: My subscribers often suggest junior oil and gas stocks to me, to which I reply – convince me. Write me a story about why I should care about that stock, and use my regular format.
Two subscribers mentioned – and wrote up – Reliable Energy (REL-TSXv). Reliable Energy is...
