This is the worst time of year for world oil prices to hit a five year low for North American energy producers.
That’s because they typically evaluate their reserves at fiscal year-end—and that usually matches the calendar year. That means reserve evaluations are done with the current price "deck" looking...
There’s a race going on in the oilpatch now to the bitter end—the end of the year.
And it’s not being driven by economics. It’s being driven by the REAL currency in the oilpatch:
Reputation.
The energy market is cyclical and all the veteran producers and bankers of the oilpatch know this.
Each...
American oil production is set for a fast pullback, says Chris Theal, founder and CEO of Canadian energy fund Kootenay Capital.
And that has two important implications
America is now the swing producer in the global oil market.
If the bottom in oil prices wasn’t set Nov. 5, it’s very, very close.
“We...
Here’s a current chart of the oil price you probably don’t recognize:
This is a custom built chart of Canadian heavy oil prices (Western Canada Select--WCS)—in Canadian dollars. (Canadian dollar charts are hard to find!). This chart takes into account the lower Canadian dollar against the greenback. It shows that...
The 49th parallel isn't just a border between Canada and the United States. It also represents an important line for the amount of debt investors are willing to tolerate in their energy producers.
Investors and CEOs have both learned the hard way. Canadian producers with more than 2X debt to...
Crescent Point’s Torquay Discovery Reignites Southeast Saskatchewan
Just when you thought The Bakken couldn’t get any better—it does.
Oil producers are now “cracking the code” on the Torquay, or Three Forks formation below the Bakken, and coming up with incredible economics—these wells are paying back in only seven months.
This news has completely re-invigorated the Canadian side of the Bakken. And on the US side, the Three Forks is causing industry to leap-frog estimates...
