A circuit court judge recently overturned the ban on Marcellus shale gas drilling in Morgantown, West Virginia.
Dear OGIB Reader,
As of this month, May 2012, Japan has no nuclear power for the first time in four decades.
Just over a year ago—before the Fukushima disaster caused by the earthquake/tsunami—nuclear supplied 26% of Japan’s power.
Taking all 54 reactors offline have left Japan with an "electricity black hole," according...
The second quarter financials for Chesapeake Energy (CHK:NYSE) confirmed that the company believes that the Ohio Utica Shale, which is liquids rich, will be viable economically.
Equities research firm Macquarie Equities Research maintained its rating of OUTPERFORM and its target share price of C$5.50 for junior exploration and production company Storm Resources.
Spartan Energy--which I think was the best junior oil producer in Canada (i.e. best free cash flow/low cost producer)--sold itself to Vermillion Energy (VET-NYSE/TSX) for 4.5-5x EBITDA. I think that's a very low valuation. It was a paltry 5% premium over the previous day's close.
This is a huge negative...
By: Bill Powers
Sanford Bernstein is a boutique brokerage firm that the Market considers "smart money". But I have hard time believing their May 4th call that Marcellus/Utica gas production will jump a net 10 bcf/d by 2018.
My main doubt comes from Chesapeake (CHK-NYSE) as they are in the process...
To me, investor sentiment the oil market changed last week – to the bullish.
For the last few months, oil has been caught between two opposing forces – (very) fast rising US production vs. Saudi cutbacks.
When the Saudis announced late last week that March loadings would average 9.8 million bopd...
Editors Note: OGIB subscribers have had a great couple months, with stocks like Viper Energy (VNOM-NASD) GeoPark (GPRK-NYSE) and Athabasca Oil (ATH-TSX).
But my colleague Paul Andreola, editor over at sister-publication SmallCap Discoveries has had a phenomenal run in the last two years, with several 10-baggers including Lite Access (LTE-TSXv;...