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

I highly recommend readers who will be in Toronto this weekend to check out an exclusive and boutique investment conference happening at the Downtown Toronto Hilton on Richmond Street West this Saturday March 1, 2014, the day before the PDAC convention begins. The 2014 Subscribers Investment Summit is hosted by three of the junior resource sector’s most… Continue Reading

Elephant hunting for huge international oil plays usually means going into (very) politically risky areas. That’s what makes junior Petromanas (PMI-TSXv) stand out from the crowd. They’re chasing a potential 500-800 million barrel target in Europe—Albania to be exact. Lots of energy investors are familiar with Bankers Petroleum and their heavy oil play there—it’s the… Continue Reading

Are you satisfied with your life? Do you go to work knowing you could do better? Knowing there are unique talents in you that could make you great, the best in the world? This post is about achieving mastery. But also why it’s ok to not get mastery in the traditional sense. You can define… Continue Reading

LUP data by YCharts Lundin Petroleum (LUP:TSX) the 40% operator of the massive Johan Sverdrup oil field and their partners (40% Statoil, 20% Maersk Oil) have announced development plans.  Johan Sverdrup has between 1.8 to 2.9 billion barrels of gross recoverable contingent resources making it one of Norway’s largest oil discoveries.  At full field production, the group… Continue Reading

AOI data by YCharts Lukas Lundin’s oil exploration vehicle, Africa Oil (AOI:TSX), is planning to drill at least 20 exploration and appraisal wells in the South Lokichar basin which will include exploration wells targeting 4 new oil basins.  This program is fully funded as the company raised over $450 million last year in the largest… Continue Reading

After announcing a victorious proxy vote in late January which saw a dissident group of shareholders led by FrontFour Capital lose in their battle to take control of Renegade Petroleum (RPL:TSXV), the company has now decided to merge with Alexander Energy (ALX:TSXV).  Renegade drew the attention of the activist shareholder after management announced plans to… Continue Reading

“Blast you Excel!!” While Kenneth Rogoff took his lumps last year due to an enormously inexcusable excel error, this former Chief Economist for the IMF and co-author of This Time Its Different: Eight Centuries of Financial Folly is still a voice to be reckoned with.  As part of Project Syndicate’s cleverly-titled-no-pun-intended “Submerging Markets” series, Rogoff… Continue Reading

According to the Bloomberg article today, a creditor group led by PIMCO has agreed to a $200 million financing deal that would see founder Eike Batista lose control of his Latin American E&P company, Oleo & Gas Participacoes SA (OGX).  This deal would end a 6 week discussion to finalize the debt-for-equity swap that would… Continue Reading

This morning, explorer Desert Star Resources (DSR:TSXV) announced Mark Selby would be joining the company’s advisory board.  Mr. Selby is currently the Senior VP, Business Development at Royal Nickel (RNX:TSX) and is the owner of his own consulting firm, Selby & Co.  Mr. Selby is also and has been since August, 2009, a director of… Continue Reading

Today, one can’t turn on CNBC or Bloomberg without being slapped in the face with the latest episode of Japan’s Abenomics or China’s Great Leap to a Consumption Economy. No doubt, how these two Asian giants manage their economies will determine the fate for many countries in 2014 and beyond. To get a better grasp… Continue Reading

Bankers Petroleum (BNK:TSX), the Calgary-based heavy oil producer, is Albania’s largest foreign direct investor.  The video focuses on Albania’s oil history as well as Bankers’ massive Patos-Marinza oilfield.  That oilfield is the largest ever discovered in continental Europe.  The company drilled 146 wells into the Patos-Marinza field in 2013 and expects to drill over 175 in… Continue Reading

Colombian E&P company, Canacol Energy (CNE:TSX) released the results of their Mono Arana 2 appraisal well today.  The well is located on the VMM2 block which Canacol holds a 20% working interest in and is operated by 80% holder ExxonMobil.  The Mono Arana 2 well was drilled in the Middle Magdalena Valley of Colombia and… Continue Reading

The emerging market contagion which began making headlines and roiling markets last week is not well understood and it is not even clear which countries are ground zero for this crisis. What we do know is that Argentina and Venezuela have been forced to officially devalue currencies which were already trading at much lower levels… Continue Reading

Coming off a spectacular 2013 which saw the company’s share price increase over 100%, Canacol Energy (CNE:TSX), announced its plan for 2014.  The company expects to spend $150 million in capex this year to grow production by 30-40% to  11,500 and 12,500boe/d.  The company produced 8,796 boe/d (5,827boe/d and 17.2Mscf/d of gas). The production split… Continue Reading