The Lundin name has been synonymous with large deals in the mining space (Lundin Mining and Fortress Minerals) as well as big new oil discoveries in Norway (Lundin Petroleum) over the past few weeks, however, today that trend was bucked with their African oil explorer (aptly named Africa Oil (AOI:TSX)) trading to new 52-week lows… Continue Reading

Last week West Text Intermediate Crude Oil (WTIC) fell below $80/barrel for the first time in more than two years. While the sell-off has been sharp and powerful there are good indications that the worst is likely over for black gold with the ~$80 price level serving as major support: Click to enlarge   On an… Continue Reading

On the back of Mexico opening up its oil sector to foreign investors for the first time in 76 years, Colombia’s largest state-owned oil company, Pacific Rubiales (PRE:TSX) has decided to join in. The company, which produced 149,011 boepd (net) in Q2, signed a 3-year memorandum of understanding (MOU) with Mexico’s state oil company Petróleos… Continue Reading

Wall Street has been aggressively cheer-leading the solar industry over the past couple of years. An example, Canadian Solar (NASD:CSIQ), has climbed 10x in value since 2012. Backing up the hype, solar panels are half the cost they were in 2008, and capital costs for solar-power plants have fallen by 22% in 2010-2013, according to an Economist… Continue Reading

What are The Pros doing in the Market? Each quarter I like to interview with a fund manager who I think has his pulse on what’s happening in the energy markets. Today I’m sharing an interview with Martin Pelletier, one of the principals at TriVest Wealth Counsel in Calgary. I only have to manage risk… Continue Reading

Malcolm Shaw is looking at a modern-day map to buried treasure. He sees a company operating a shale-oil well that has tested at a free-flow rate of 590 barrels per day, a junior producer in Argentina working naturally fractured shale, an unrecognized frack sand resource, and a company that owns one of the most exciting… Continue Reading

The energy sector is deeply out of favour, as the above chart from Frank Holmes, CEO and CIO of US Global Investors, illustrates. Calgary’s junior oil patch, considered the petrie dish of the entire energy industry, is among the hardest hit, now in the third year of its downturn. There are several factors at play… Continue Reading

By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors Commodity returns vary wildly, as experienced resource investors can attest and our popular periodic table illustrates. This inherent volatility can spell opportunity for the nimble investor who can look past the mainstream headlines to identify hot spots. Our global resources expert, Brian Hicks, CFA,… Continue Reading

Keith Schaefer’s Oil and Gas Investments Bulletin Premium Edition is rapidly becoming one of the most influential investment newsletters in the world. Why? Subscribers are getting really rich from the picks – more on that in a second. It’s very entertaining and informative to read and written in plain speak. Keith’s completely transparent and honest,… Continue Reading

The $20 million market cap CGX Energy Inc. holds 3.3 million acres in one of the last frontier oil basins on the planet; the Guyana-Suriname offshore basin. CGX’s grounds are considered analogous to West Africa’s prolific oil fields, and could hold multiple billion barrels of oil. CGX is already ~64% owned by Pacific Rubiales, and will need… Continue Reading

PMI data by YCharts Petromanas Energy (PMI:TSXV), which made a potentially massive onshore light oil discovery in Albania with their partner, the super-major Royal Dutch Shell, has updated the market on the drilling progress of their highly anticipated Molisht-1 well.  The well is targeting a depth of 5,500m and has been successfully drilled to 3,270m.  The… Continue Reading

Canadian Solar’s (CSIQ) earnings disappointment last Friday has set the stage for a potentially large shakeout in one of the best performing sectors of 2014. After a 40% gain for the solar sector during the first two months of the year, many of the leading solar names are set up for a sizable correction: Click… Continue Reading

One of the most undervalued junior oil companies announced an update with mostly good news this morning, and a little bad. Petroamerica Oil Corp. (TSXV:PTA), which trades at less than 1.4x cash flow, produced an average of 6497 barrels of oil per day for the month of February, and 6,453 barrels of oil per day… Continue Reading

It can be very hard for a stock to go up when there is a big seller. The market knows this has been the case for Petromanas Energy (TSXV:PMI), a high potential oil and gas explorer partnered with Royal Dutch Shell to look for oil in deep tanks on shore in Albania. Petromanas acquired its… Continue Reading

This morning NexGen Energy Ltd. (TSXV:NXE) announced completion of the first hole at the Arrow prospect, RK-14-21, to 663 meters depth. This was the same hole that caught the market’s attention last week for intercepting what is believed to be uranium mineralization (assays pending) between 207.8 and 231 meters. Today’s news suggests an additional three… Continue Reading