Rowan Companies, Inc. (RDC:NYSE) recently announced that its second quarter income declined considerably compared to the same period last year.
by Elizabeth Lappin, P.Geo Elizabeth is the Geothermal Ambassador Coordinator at CanGEA, and the Founder of Castle Rock Consulting Ltd.  Alberta’s oil and gas wells produce thousands of barrels of water each day. This water is considered a waste by the oil patch, and operators pay to send it away by...
Pennsylvania Governor Tom Corbett intends to both stimulate the state’s economy and preserve the state's environment, he announced in implementing several suggestions advocated by the Marcellus Shale Advisory Commission.
I became a believer in this oil price move on Wednesday, when a bearish weekly report came out from the EIA—the US Energy Information Administration. US production was up and inventories were up—everything about that report was bearish.  The oil price only dropped for an hour, maybe 90 minutes, then...
Is the energy sector under-reporting oil demand?  Some recent research suggests that's possible—potentially by a lot—as in 1.2 million barrels of oil per day (bopd). For oil bulls, that's not enough right now to sway oil prices.  But it could mean the market is tighter than everyone thinks. And that wouldn’t...
Research firm Macquarie Equities Research lowered its recommendation for junior oil and gas company Cequence Energy (CQE:TSX) to NEUTRAL from OUTPERFORM and increased its target share price to C$4.50.
International oil plays have produced some big wins in the junior energy markets in 2012. This year alone, companies like Mart Resources (MMT-TSXv) and Africa Oil (AOI-TSX) were huge wins for risk-tolerant investors (Africa Oil—a 10-bagger). I’m trying to stretch my political risk comfort zone by flying into Kurdistan—in northeast...
The Duvernay code has been cracked, and Canadian analysts are racing to update their financial models. It’s one of the biggest plays in Canada, and in a very short time it has gone from a very expensive science experiment to a money making play. Recent results from Chevron (CVX-NYSE) and...