How many energy stocks are seeing their profit margins increase in this environment? That’s exactly what I expect to happen when my favourite company announces their next quarterly in mid-August. That’s right—the main product group for this company will almost certainly see a higher top line and bottom line in 2015. Profit...
Australia-based research firm Macquarie Equities Research reaffirmed its OUTPERFORM rating for Gran Tierra (GTE:TSX) and left its target price of $9.50 per share unchanged.
When will Ithaca's production growth start to get priced into its stock? This junior North Sea oil producer is set to double production to 10,000 bopd late 2011, when its Athena project (Ithaca 22%, and operator) will come onstream. I would expect some speculative premium to start developing in the stock...
Estrella International Energy Services' (EEN:TSXV) mixed operational results caused Canadian brokerage Canaccord Genuity to reduce its 3Q11 EBITDA forecast for the firm to C$2.04 million from C$2.62 million and its 4Q11 earnings prediction to C$3.1 million from C$3.36 million.
A recent U.S. Energy Information Administration (EIA) report predicts that heating oil prices in the Northeast will increase to record levels this winter.
Black Diamond Group Ltd. (BDI:TSX) has signed a new three-year contract through its 50/50 Black Diamond Dene Limited Partnership for a remote camp that will be established for working on the Cordova Shale located in British Columbia.
Research firm Macquarie Equities Research upgraded BlackPearl Resources (PXX:TSX) from a NEUTRAL rating to an OUTPERFORM rating and reduced its target price to C$7.50 a share.
Energy services company Patterson-UTI Energy Inc.'s (PTEN:NASDAQ) 3Q11 results indicated earnings per share (EPS) of C$0.53, around 140,000 horsepower (hp) worth of pumping equipment deployed so far this year and seven new APEX rigs completed during the period.