Anchor Andrew Bell sported an arm sling on his Commodities program on BNN television earlier, citing a cycling accident. The show must go on, however and three CEOs joined Bell this morning to tell their stories. Brian McLachlan, President and CEO of Yoho Resources (TSXV:YO), was the first guest on the program. Yoho are developing oil… Continue Reading

Ryan Gold Corp. (RYG) added three cents to 14 cents on 925,000 shares. Interim president David Schmidt has moved to vice-president of corporate development so executive chairman Murray John can take over as president. Mr. John is also the president of Corona Gold Corp. (CRG: $0.41) and a director of Dundee Precious Metals Inc. (DPM:… Continue Reading

The largest independent oil and gas producer in Latin America, Pacific Rubiales (PRE:TSX) has closed its previously announced offering of US$1.3 billion of senior unsecured notes with an interest rate of 5.375% maturing in 2019.  PRE is one of the fastest growing and according to Bloomberg their compound production growth over the last five years is… Continue Reading

Some of the best value offered in the junior markets come in the form of junior to mid-cap international E&P’s.  These are substantially discounted to their domestic peers.  Petroamerica Oil (PTA:TSXV) is one of these junior international E&P’s.  The company released their third quarter results which highlighted the profitability of this light oil producer.  The company… Continue Reading

Carl Icahn on how he and world famous lawyer, Joseph Jamail, settled the Texaco/Pennzoil lawsuit.  A first hand look from Icahn’s perspective on how they got this original $12 billion deal settled for $3 billion. Read: High-profile attorney won multibillion-dollar settlement in Texaco lawsuit

Once an investor favorite, Cameco Corporation (CCJ) fell on hard times following the Fukushima disaster in March 2011. However, now there is ample reason for optimism from both a fundamental and a technical standpoint: Click to enlarge CCJ Daily CCJ Weekly Uranium Supply/Demand Gap ( Cameco Investor Presentation) Fukushima’s most dangerous operation yields first successes… Continue Reading

Africa Oil (AOI:TSXV), the east African oil explorer and Lundin Group Company, has found a fifth consecutive oil discovery in Kenya.  The Agete-1 exploration well in block 13T (50% non-operated working interest, Tullow Oil is 50% operator), has discovered and sampled movable oil with an estimated 100 metres of net oil pay in good-quality sandstone reservoirs. The… Continue Reading

Dr. John-Mark Staude’s Riverside Resource (RRI:TSXV), the prospect generator with precious and base metal assets across some of North America’s most prolific mineral belts, announced initial exploration results from their Flute and Lennac projects in BC.  The projects were identified as part of a three year alliance with Antofagasta, the Chilean copper giant, which ends… Continue Reading

Battered by operational challenges and financial troubles, Niko Resources’ (NKO:TSX) Chairman, CEO and President, Ed Sampson, announced he will resign by year-end and that Jake Brace will take over.  Ed Sampson founded the company 18 years ago and developed its impressive asset base in Bangladesh, Indonesia, and Trinidad and Tobago.  Mr. Brace was hired as an advisor a few… Continue Reading

Charle Gamba’s, Canacol Energy (CNE:TSX), is planning a follow-up program on their VMM2 E&P contract in the Middle Magdalena Valley of Colombia.  In January the Mono Arana 1 well hit 85 feet of net oil pay in the shallow Tertiary Lisama sandstone reservoir and 230 feet of potential net oil pay in the deeper Crataceous… Continue Reading

Compania Espanola de Petroleos SAU (CEPSA) has announced its intent to acquire Coastal Energy (CEN:TSX) for a total consideration of approximately $2.3 billion.  CEPSA will pay $19 per share in cash for CEN which represents a premium of approximately 28%.  CEPSA will assume nearly $51 million in debt from CEN as part of the deal. … Continue Reading

Coming off the recent discovery at the Shpirag-2 well, (25% WI with operatorship; Shell 75% non-operator), where they tested flow rates of 1,500-2,200boe/d and hit an 800m oil column; Petromanas (PMI:TSX) announced today they have added international depth to their board of directors by brining on Gen. Wesley K. Clark, U.S. Army (retired).  Gen. Clark retired a four-star… Continue Reading

In one of the most significant divergences in recent market history, energy stocks have continued to soar along with the Dow and S&P 500 even as crude oil has plunged: Click to enlarge WTI Crude vs. XOM (Exxon Mobil) vs. XLE (Energy SPDR) Since the late-August Syria crisis West-Texas intermediate crude oil is down well… Continue Reading

Interesting news hit the tape on Friday regarding a potentially massive conventional natural gas reservoir in the lower St. Lawrence area of Quebec – shares of tiny Venture listed Petrolympic Ltd. have jumped as much as 700% on the news and reached levels the stock hasn’t seen since 2009: Click to enlarge Veteran energy investors will… Continue Reading

Parex Resources (PXT:TSX), who recently increased its 2013 exit rate guidance from 15,500bpd to 15,700bpd due to stellar production success from their light oil assets in Colombia’s Llanos Basin have now sets the bar high for 2014.  The company announced their 2014 production guidance and capital budget plans which set Parex up for a profitable… Continue Reading