Energy services company Key Energy Services Inc. (KEG:NYSE) has a bullish outlook for next year in part because because of strong land fundamentals in the U.S., according to investment bank Raymond James.
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...
A circuit court judge recently overturned the ban on Marcellus shale gas drilling in Morgantown, West Virginia.
On October 25, New York State Environmental Conservation Commissioner Joe Martens said his group won't be able to generate its report on drilling in the Marcellus Shale by November 1, creating uncertainty surrounding the timeline for issuing drilling permits for New York's portion of the Marcellus.
The Shale Revolution is strictly a North American game. Before the Great Commodity Collapse of 2014, it really never found its footing anywhere else in the world. Of all the plays I looked and of the few I covered, only one showed any real promise—the Vaca Muerta oil play in...
Investment bank Raymond James stated on September 28 that it was maintaining its Outperform rating for exploration and production company Kodiak Oil and Gas (KOG:NYSE).
As a result of new regulations, exploration and production companies engaged in drilling activity in Montana are required to disclose the majority of chemicals they use for hydraulic fracturing or "fracking."