Activity in the huge Bakken field is going home. Home is Montana, where the Bakken was originally discovered. Drilling equipment and crews are moving back across the border from North Dakota—where the Bakken Boom has been the Biggest—boosting Montana’s rig count to 22 from just eight at this time last year....
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...
Free cash flow in the North American energy sector is about to soar, and that trend should continue for the next 5-10 years—even with declining oil and gas prices—says US brokerage firm Raymond James (RJ). For investors, it could (should?) mean higher multiples as energy producers turn into more sustainable...
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...
by +Keith Schaefer There’s always a bull market in energy—you just have to know which sub-sector to buy. So where do my subscribers and I make money right now? You might be surprised by the answer...but first some context... In Q3 2103, oil producers in North America were the place to be, as...
by +Keith Schaefer In part one I wrote about the 3 oil patch sub-sectors I'm most bullish on, and how I'm trading them: refineries, oilfield services, and heavy oil producers. Today, my outlook for the remaining oil and gas sub-sectors—from best to worst... LIGHT OIL PRODUCERS Here's the dilemma with them: improvements in fracking...
With so much excitement over U.S. shale plays lately, it’s hard to justify why investors should be looking anywhere else in the oil and gas space. After all, what other sub-sector offers the kind of big production and returns enjoyed by unconventional shale drillers? But there’s a fundamental shift in value...
Toreador Resource's Investment in the Paris Basin… and How Its Estimated 96 Billion Barrels of Oil was Discovered It all started with a note. It was a handwritten note on the margins of a long-forgotten report, in French, from a well site geologist many years ago who was on a rig...