THE MACRO DILEMMA - PART 2
By Cory Mitchell, CMT
Part 1 suggested the macro force of “peak oil” which will constrain global oil supplies, will push the price of oil higher. Yet if peak oil occurs, it implies peak debt and GDP.
Without GDP growth, a stagnant economy implies...
Calgary-based junior exploration and production company Cequence Energy Ltd. (CQE:TSX) reported cash flow per share (CFPS) of C$0.07 for 3Q11 and production of 9,745 barrels of oil equivalent per day.
In the last few days, I took profits in some of my gold stocks, and used the proceeds to increase my holdings of quality silver stocks. This shift in my portfolio puts me heavily overweight silver stocks.
The reason I went overweight silver stocks is simple – the quality...
Drilling equipment provider Trinidad Drilling Ltd. (TDG:TSX) recently released its 3Q11 results, which indicated that EBITDA for the period was C$69 million, slightly above the consensus estimate of C$67 million.
Junior oil sands exploration firm Southern Pacific Resources Corporation (STP:TSX) recently released 1Q12 results which showed that its production averaged 3,784 barrels per day (bbl/d) and cash flow of C$10.7 million or C$0.03 per share.
Calgary-based exploration and production company Delphi Energy Corporation (DEE:TSX) recently reported that its production averaged 8,967 barrels of oil equivalent per day and that its associated cash flow per fully diluted share was C$0.14 in 3Q11.
Crocotta Energy Inc. (CTA:TSX) recently released 3Q11 results which indicated the oil and gas company generated cash flow per fully-diluted share of C$0.11 and production of 4,002 barrels of oil equivalent per day.
Junior oil and gas company Crown Point Ventures Ltd. (CWV:TSXV) recently announced its plans to drill between 10 and 24 wells in San Jorge Basin in the next 24 months and two to four wells in the Neuquén Basin.
