The massive Republican sweep in the US midterm elections has opened the door for the Keystone XL Pipeline bill to finally be approved by Congress and signed by the President. There is even a possibility that Senate Democrats will push the Keystone Pipeline bill through before Christmas in order to help out Louisiana Senator Mary Landrieu… Continue Reading

The second largest IPO in the Canadian energy space this year was completed this week by Seven Generations Energy (TSX: VII). This IPO proves investors still have a strong appetite for energy stocks, even with energy prices sliding recently.  $51.75 million shares were issued at $18 per share, raising a total of $932 million for… Continue Reading

Amid the doom and gloom of the resource markets, two small cap focused boutique investment firms have decided to combine their shops in an attempt to gain size and weather the storm. This morning, Toronto-based Mackie Research announced it would be acquiring the oil and gas boutique, Jennings Capital. Jennings was founded in Calgary by Rob… Continue Reading

“We are contrarian, value-oriented investors in private equity, credit and real estate,” is what Apollo Global says on its website.  The firm which was founded by Leon Black in 1990 out of the ashes of investment bank Drexel Burnham Lambert is a pioneer in the private equity space.  Today it manages over $150 billion globally… Continue Reading

John Alfred Paulson is an American hedge fund manager and billionaire who heads Paulson & Co, a New York-based firm he founded 20 years ago.   He manages nearly $25 billion in assets for global clients. In 2007 Paulson made his name and a large part of his personal fortune (now estimated at $13.5 billion) betting big… Continue Reading

A compelling piece of research from Goldman Sachs is being passed around the street this morning. It makes the case for $75 crude oil for the next 12+ months.  Here are the key points: The 2015 global oil market will be significantly oversupplied unless US shale production growth slows, which will only happen if prices… Continue Reading

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

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

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