Compelling Geology. Proven Team.RECON-ENERGY (RECO-TSXV; LGDOF-PINK) Can Be Play-of-the-Year There is not a single doubt in my mind. Reconnaissance Energy Africa (RECO:TSX.V/LGDOF-PINK) is the single most exciting oil stock to watch in 2020. This 60 cent stock is drilling a well that could create more than 100x times its value—yes, in just one...
Suncor Energy Inc. (SU:NYSE) recently announced that it began its initial bitumen production associated with its Firebag Stage 3 steam-assisted gravity drainage project in the early part of July.
The Securities and Exchange Commission (SEC) is asking that companies utilizing hydraulic fracturing, or "fracking," provide additional information on their methods.
Do you know how most leaks are found on oil and gas pipelines? They get a shrill complaint over the phone from one of the landowners where the pipeline crosses. It’s true, says Dr. David Shaw, one of the authors of a draft “Leak Detection Study” prepared for the U.S. Department...
Magellan Midstream Partners, L.P., a master limited partnership (MLP) formed to own energy assets, announced that its Q311 distribution would be C$0.80 per common unit, which was above the estimates of brokerage firm Wunderlich Securities.
One year ago, I wrote this story, asking—could the Bakken ever hit 1 million barrels of oil per day (bopd) production? Well, now the Market is asking—when (not if) will it hit 2 million? A massive, 76-page report from Goldman Sachs from late September suggests 2023—that’s another TEN YEARS of growth—with the biggest growth year...
Two new tight oil plays in south Texas are attracting a lot of investor and industry attention—the Eagle Ford and the Eaglebine. THE EAGLE FORD The Eagle Ford has gone from obscurity in 2008 to now being the #3 play in all the United States (based on number of rigs drilling),...
Equities research firm Macquarie Equities Research maintained its rating of OUTPERFORM and its target share price of C$5.50 for junior exploration and production company Storm Resources.