Yes Virginia there is a Santa Claus. Private equity fund Edge Natural Resources LLC is taking Canamax Energy private--at 67 cents, or a hair shy of a double over Thursday’s share price.
It has been my largest position for a junior for two years, and gives me--and the subscribers who bought it...
OGIB INTERVIEW WITH ROBIN MILLS IN DUBAI
Robin Mills is author of “The Myth of the Oil Crisis” and is CEO of Qamar Energy, a consultancy that advises clients on strategic, commercial and business opportunities in Middle East oil and gas. I interviewed Mills--a Briton who has lived in Dubai...
What are the Fathers of the Shale Revolution doing now?
You would be surprised—I sure was. The main part of the technical team from Mitchell Energy—which combined fracking and horizontal drilling to start The Shale Revolution in Texas’ Barnett Shale in 1998—is now working for a 15 cent junior in...
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...
When I saw this energy company, I couldn’t believe it. Here is a company with:
no long term debt
$30 million cash
growing EBITDA (cash flow)
When I rushed out to buy the stock, it was paying me a double digit yield.
That’s right—over 10%--on a payout ratio of under 60%.
And trading at just...