Junior oil and gas company TriOil Resources Ltd. (TOL:TSXV) released a statement on November 6 indicating that its latest Lochend well attained a six-day test rate of 1,320 barrels of oil equivalent per day, consisting of 1,180 barrels of oil and 0.85 million cubic feet of natural gas per day.
I asked Cory Mitchell to explain two scenarios that could play out in the global energy markets, and what it means for energy investors. Here's Part 1 of his story.
- Keith
The Macro Dilemma
by Cory Mitchell, CMT
Energy investors need to be aware there are two massive macro forces in our...
While energy investors focused on the Arab Spring as a major cause of oil price volatility in 2011, a dramatic event in the Western Hemisphere has been overlooked.
Two months ago the Organization of the Petroleum Exporting Countries (OPEC) declared Venezuela to have the world’s largest oil reserves,...
U.K. firm Cuadrilla Resources stated on November 2 that hydraulic fracturing or "fracking" was the impetus for small earthquakes that occurred in Blackpool in northwest England earlier in the year, which exacerbated already-existing concerns about the safety of the technology used.
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.
Booming production of crude oil in North Dakota is necessitating significant upgrades in transportation infrastructure in the state.
Editor Keith Schaefer reviews America's increasing oil production, including the unconventional oil plays that have emerged across the U.S., thanks to the "Shale Revolution."
Excess capacity in the Trans-Alaska Pipeline System could provide a means for developing oil existing in Alaskan North Slope shale formations.