Energy Prospectus

MY TAKE: Talk is cheap and oil traders don't believe that Team Biden will do anything that might raise gasoline prices this year. ------------------------------------ White House National Security Advisor Jake Sullivan released a statement Tuesday announcing that new sanctions will be placed agains...

This is just "noise" caused by the delay in getting their audit completed. When they uplisted to Nasdaq they had to get a new public auditing firm. When a public company switched auditors it creates a lot of up-front work. Kolibri is a rather "simple" company, so it should not t...

Summary of Weekly Petroleum Data for the week ending April 12, 2024 U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending April 12, 2024, which was 131 thousand barrels per day more than the previous week’s average. Refineries operated at 88.1% of their operable...

All stock deals do improve the balance sheet ratios. My $50 valuation of APA is based on just 4X annualized operating cash flow. With a strong balance sheet, over 500,000 Boepd of production (~70% liquids) and lots of high-quality "Running Room", APA deserves a much higher valuation multip...

Keep in mind that all of the companies that have a lot of their oil hedged will be reporting large mark-to-market non-cash losses in Q1 on their hedges. Those with a lot of natural gas hedged will be reporting MTM gains on those hedges. Those MTM gains or losses have no impact on my valuation since ...

VANCOUVER, British Columbia, April 16, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the “Company”) is pleased to announce that it has received approval to list its common shares on the NYSE American LLC (“NYSE American”) with trading expected to commence on ...

I had a 45 minute conference call with REPX this morning, primarily to go over some of my forecast/model assumptions and to encourage them to host a webinar for us late in May or early June. Riley only has two decent energy sector analysts covering them. They have a good story and just need to get i...

I am way below $50,000 of Passive Foreign Investment Company (PFIC).

Can you provide a link to explanation of this filing requirement?

Read this: https://finance.yahoo.com/news/baytex-bte-incredible-growth-stock-164505593.html Baytex year-over-year production growth: > 4.2% in 2022 > 46.3% in 2023 > 25.3% in 2024 based on the midpoint of the Company's guidance. I added Baytex to the Sweet 16 soon after they acquired Ranger Oil (a S...

FYI "Petroleum Economist" is a new EPG member that lives in Europe. He keeps a database of upstream oil companies that he ranks based on proved reserves and other fundamentals. Note that several of our model portfolio companies are at the top of his list. EPG was established in 2001 as a n...