TD Securities energy analyst Jamie Somerville in Calgary raised his price target on Petroamerica Oil Corp to $0.60 this morning from $0.55, citing its relative valuation (particularly on EV/DACF), high netbacks, potential for free cash flow generation, and several high-impact exploration wells planned for the next 6–9 months. Shares in Petroamerica last traded at $0.35… Continue Reading

LISBON — Tungsten and the properties of mineralized calcium tungstate might reflect the promise of a growing deposit in Portugal. Calcium tungstate, or CaWO4, also goes by the name scheelite. It is luminous and used in paints, fluorescent lamps and as root filling for teeth. I am just learning about scheelite’s properties. The mineral’s fluoresence might move… Continue Reading

When it comes to the junior exploration sector, not much over the past 2 years has peaked investor interest.  One large (and high-grade) caveat to this is the Patterson Lake South (PLS) uranium discovery made by Alpha Minerals and Fission Uranium in the fall of 2012. With a ten metre step-out drill hole late in a fall… Continue Reading

The competition to acquire Suroco Energy between Petroamerica Oil and VETRA Holding is heating up this morning, with Suroco re-affirming their support for a deal with Petroamerica and calling out VETRA’s questionable tactics to gain support for their bid. According to today’s Suroco release, Vetra is paying a proxy solicitation fee to Investment Advisors who solicit Suroco… Continue Reading

Everyone knows that Iraq is an important oil producing country. But Iraq is more than just important, it is critical. Iraq is so important that in October of 2012 the International Energy Agency (IEA) released a report called “World Energy Special Outlook On Iraq”. In that report the IEA concluded that in 2035 oil prices… Continue Reading

A new offer has emerged for Suroco Energy that I feel is unimpressive. Suroco signed a friendly agreement with Petroamerica Oil to merge the two small Colombian oil companies in late April, 2014.  That deal was expected to close later this month. Then today, VETRA, a private firm which Suroco is partnered with on the Surioriente Block in Colombia’s… Continue Reading

We just completed an eventful week across global financial markets which included among other things: More all-time highs for US large cap equity indices (Dow, Nasdaq-100, S&P) An unprecedented ECB decision to impose negative deposit rates and enact a targeted 4-year LTRO The May US non-farm payrolls report continued to show a steady pace of improvement… Continue Reading

Continental Gold (TSX:CNL) is developing one of the richest gold projects in the world right now. Their 100% owned Buriticá mine just outside Medellin, Colombia, has over 7 million ounces of gold and silver at very high grades (9+ g/t). Some are speculating the project could grow to 20 million ounces or more. “Buriticá is going to grow,”… Continue Reading

World leading global natural resource developers, the Lundin Group, led by Swedish billionaire tycoon, Lukas Lundin, have only one mineral exploration vehicle left. It’s called NGEx Resources Inc. (TSXV:NGQ), after the family motto: No Guts, No Glory and the company’s main focus, Exploration. NGEx owns three large copper gold deposits along the Chile/Argentinian border, the Josemaria, Los Helados, and Filo… Continue Reading

In an announcement that went, in my opinion, underreported but has potentially huge ramifications for the natural resources sector in Argentina was that the Paris Club of creditor nations and Argentina have come to an agreement for repaying nearly $10 billion in debts which are currently in arrears.  Why this is significant for the natural resources… Continue Reading

Yesterday, Australian-listed Papillon Resources (PIR:ASX) was halted at the company’s request pending a “potential corporate transaction”.  If Papillon is part of a larger producers’ M&A mandate, then it would represent the 3rd such gold transaction in the past 2 weeks. Last week saw Rio Alto make a friendly, $300 million, bid for nearby Sulliden Gold and… Continue Reading

The microcap junior, Aston Bay Holdings (BAY:TSXV) is up over 30% this morning on the back of the company’s announcement that it has entered into an exclusive due diligence period with an unnamed major.  All we know about the major mining company from the release is that it has a market capitalization in excess of $10 billion.  The… Continue Reading

My trusted friend Jonathan Roth helped Petromanas Energy make a must watch mini-documentary about oil in Albania, and the company’s exploration activities there in partnership with Royal Dutch Shell, which has just been released today to coincide with the company’s Annual General Meeting. Watch the video: Albania: The World’s Next Big Oil Play? Petromanas Energy… Continue Reading

The downtrodden gold mining sector has a new M and A deal to get excited about this morning, and this transaction is centred around creating a mid tier producer focused on Peru. Alex Black’s Rio Alto Mining is buying Stan Bharti’s Sulliden Gold for roughly $300 million in stock which values Sulliden at approximately $1.12… Continue Reading

Petromanas Energy (PMI:TSXV) is a junior oil company exploring for light oil on shore in Albania in a partnership with energy super major Royal Dutch Shell. Earlier today the company’s shares closed at a multi-year high of $0.30, on the back of a slew of bullish analyst and newsletter coverage in recent weeks. After market today… Continue Reading