Canadian LNG–Liquefied Natural Gas–exports aren’t getting a lot of respect these days, partly due to low LNG prices, and partly because of the high profile environmental opposition to Petronas’ proposed terminal location at Lelu Island near Prince Rupert.
But behind the headlines, LNG Canada, a joint venture led by Shell...
In many ways the oil industry is a fashion industry, and in 2011 the exciting new model on the investment bankers’ catwalk was the Duvernay shale.
Over $2 billion was spent acquiring big land packages, and the rising price per acre kept the play in the news headlines.
Covering over 100,000...
When you talk to management teams of public companies directly, you get a lot more colour on the company...and of course, on who the CEO is as a person. It helps you decide if the company and stock are a good fit for you. Institutions get that luxury all...
Why are producers spending ANY money right now? I’ll tell you why—you can’t shrink yourself to greatness. But there is one very good reason to stop spending completely—Mergers and Acquisitions.
Now, nobody knows how long sub-$50 oil will last (and always remember that producers get $5-$10 less than WTI). Morgan...
...Let me tell you what that means
By Donald Dony
Sector rotation is the normal evolution of different industry groups to a recovering and expanding economy. It is also affected by investors trying to anticipation this expansion.
Chart 1 illustrates the usual rise and fall of different key industry groups.
In a bear...
Investors have made HUGE capital gains in the last decade in energy metals—think uranium in 2007-2008, lithium in 2011 and lithium again in 2016.
In 2007 I owned a large position in a junior uranium stock that went from 25 cents to $2.50. Last year I owned a lithium stock...
The Saudis want control of the oil market back, and they are lowering prices to weed out the high cost producers.
But I found a western producer with even lower costs per barrel than the Saudis.
That’s right—someone who beat them at their own game. Just like the Saudis, this company...
It’s clear from comments on Q2 conference calls in the last week that North American producers ARE getting more efficient—lowering costs—in producing tight oil, or shale oil. And they don’t think they’ve hit their limits yet.
The high tech reason for these improvements? Simple sand. It is stunning to me...
