Energy

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Oilfield Services Industry Presentation by FRC at the Investorideas.com Oil and Gas Conference (audio and slides presentation)

Fundamental Energy Monthly:  Oversupply and a weakening U.S. economy put downward pressure on oil prices


 

Bontan Corporation Inc.

Bontan Corporation Inc. is a North American based oil and gas company headquartered in Toronto, Canada. Through its wholly owned subsidiary, Bontan Oil and Gas Corporation, it seeks highly visible opportunities that offer exciting and attractive projects in countries around the globe with a history of oil and gas production. It plans to minimize exploration risk by bringing in either joint venture, carried, or working interest partners.

(OTC: BNTNF, Quote)
10/31/2005
Exploratory Well Unsuccessful; Downgrade to SELL (3 Pages)
09/14/2005
Initiating Coverage (18 Pages)

 

 

Canoro Resources Ltd.

Canoro Resources Ltd. is a junior international upstream oil and gas company headquartered in Calgary, Alberta, Canada. The company’s principal business is to carry out the acquisition, exploration and development of petroleum and natural gas properties in India.

(TSX-V: CNS, Quote)
01/09/2006
Dropping Coverage (2 pages)
Subscribers Only
12/06/2005
Maintaining fair value; promising developments (6 pages)
10/07/2005
Exploratory well unsuccessful; Reducing fair value
08/25/2005
FY05 Below Expectations; Macros Positive (11 Pages)
03/31/2005
Initiating Coverage (25 Pages)

 

 

Derek Oil and Gas Corporation

Derek Oil & Gas Corporation, based in Vancouver, Canada, is an oil exploration, development and production company. The company is currently the operator (with a 95% working interest) of an 8,000-acre property (LAK Ranch property) located in Weston County, Wyoming, on the eastern margin of the Powder River Basin, one of the richest petroleum basins in the Rocky Mountains. The LAK Ranch project is expected to commence commercial production this summer.

(TSX-V: DRK, Quote)
06/11/2007
Initiating Coverage; Expecting to Commence Commercial Production this Summer (23 Pages)
Subscribers Only

 

 

Enerchem International Inc..

Enerchem International Inc. is a manufacturer and distributor of hydrocarbon drilling and fracturing fluids designed to provide cost effective solutions to the oil and gas industry and specialty solvents to help resolve production and processing problems. ECH is also a provider of energy marketing services and fluid transportation and other related oilfield services.

(TSX: ECH, Quote)
09/24/2008
 
03/26/2008
'07 and Q1 '08 Results;Weak YTD Oilfield Activities; Corporate Developments  (13 Pages)
Subscribers Only
03/05/2008
Q3 Inline, Q4 Bleak, 2008 No Signs of Recovery Despite Higher Prices (12 Pages)
Subscribers Only
08/23/2007
Slowdown Continues Into Q2 as Expected (12 Pages)
Subscribers Only
05/11/2007
Significantly Lower Alberta Drilling Activity Impacts Q1 (10 Pages)
Subscribers Only
04/10/2007
Weak Q4 and Energy Marketing Lead to Lower Than Expected YE2006 (11 Pages)
Subscribers Only
02/27/2007
Initiating Coverage; Solid Fluid Performance (21 Pages)
Subscribers Only

 

 

Global Energy Services Ltd.

Global Energy Services Ltd. provides communication systems, wireless gas detection and artificial lift solutions to the oil and gas industry. Based in Calgary, Alberta – with offices throughout Western Canada – Global Energy has been creating cost-effective products and providing superior customer service since 1994.

(TSXV: GLK, Quote)
10/03/2007
Q2 Sales Decline Significantly; Communication Segment Takes $2.3mm Writedown  (10 Pages)
Subscribers Only
06/13/2007
Q1 2007 Sales Weaker Than Expected due to Temporary Factors  (8 Pages)
Subscribers Only
05/17/2007
YE2006 Below Expectations; Mixed Outlook (11 Pages)
Subscribers Only
10/17/2006
Initiating Coverage; Pump Division Growth Not Reflected in Stock (18 Pages)

 

 

Great Plains Exploration Inc.

Great Plains is a junior oil and natural gas company engaged in the production, exploration, development and acquisition of projects in Western Canada. GPX is currently focusing on high netback light oil plays in Alberta, and natural gas plays in NE BC. The company is currently producing 2,200 boepd (approximately 64% gas), with an additional 600 boepd behind pipe.

(TSX: GPX, Quote)
11/14/2008
 

 

 

Maxim Resources Inc.

Maxim Resources Inc. (MXM) is a Canadian based junior oil and gas company.  It owns interests in Texas, New Zealand and Thailand.  The company participates as a minority partner in oil and gas drilling projects.  These projects have significant upside potential and also significant risk.

(TSXV: MXM, Quote)
05/21/2007
Unanticipated Delays at South Erin, Trinidad; Final Report (13 Pages)
12/11/2006
Breakthrough at South Erin, Trinidad (10 Pages)
07/05/2006
Update on Developments (9 Pages)
04/12/2006
Initiating Coverage (13 Pages)

 

 

Petromin Resources Ltd.

Petromin Resources Ltd is an oil and gas company focusing on finding and enhancing petroleum and coalbed methane (CBM) reserves worldwide through C02 Capture and Sequestration (CCS) Technology. Currently, they are focusing on developing two ECBM projects in China. The company also has interests in five projects in Alberta, Canada; four of which are currently producing at 112 bpd net for Petromin.

(TSX-V: PTR, Quote)
04/15/2008
Initiating Coverage; Implementing C02 Capture and Sequestration Technology in China (28 Pages)
Subscribers Only

 

 

Stream Oil & Gas Ltd.

Stream Oil & Gas is an emerging E&P company with one gas and three oil projects in Albania. All projects are currently in production. The company is focused on increasing hydrocarbon production via reactivation and redevelopment of the wells, and by utilizing enhanced recovery techniques.

(TSX-V: SKO, Quote)
09/25/2008
 

 

 

Stylus Energy Inc.

Stylus Energy Inc. is a Calgary – based oil and gas exploration and production company mainly focusing on natural gas production in Alberta. Currently, Stylus has 3.4 million barrels of oil equivalent (boe) of proved and probable reserves and has a current production level of 1,325 to 1,350 boe per day (boepd), constituting 87.5% of natural gas and the remaining 12.5% of oil and natural gas liquids.

(TSX: STY, Quote)
05/09/2007
 Fundamentals Remain Strong; Positive Developments in Q1-2007; Final Report (17 Pages)
Subscribers Only
11/27/2006
 Good performance amidst depressed gas prices (14 Pages)
08/31/2006
 On track for significant addition to production  (13 Pages)
06/28/2006
Initiating Coverage; Expecting Growth From Vulcan (27 Pages)

 

 

Texalta Petroleum Ltd.

Texalta Petroleum Ltd. is a junior oil and gas company with some interesting exploration and development projects in the Northern Territory of Australia. The risks associated with exploration are offset by the company’s interest in several existing producing wells in southeastern Saskatchewan, Canada.

(TSX-V: TEX.A, Quote)
06/03/2008
Increasing focus on Saskatchewan due to “Bakken Rush” and rising Alberta royalties (12 Pages)
Subscribers Only
11/22/2007
Signs LOI to transfer up to 60% interest Georgina Basin projects; Fair Value Raised  (7 Pages)
Subscribers Only
07/31/2007
Positive Drilling Results at Wild Westwood (7 Pages)
06/27/2007
Initiating Coverage; Exposure to Highly Prospective Underexplored Aus. Basin (26 Pages)

 

 

Transeuro Energy Corp.

Transeuro Energy Corp. is a global exploration and production (E&P) company with a diverse portfolio of high potential projects in 4 different regions across the world – Canada, Crimean Peninsula (Ukraine), Papua New Guinea and Armenia.  The Beaver River Project in B.C., Canada is currently producing and the fields in Ukraine are expected to start production in 2008. The company is preparing an aggressive exploration and development program (costing $92 million) on all 4 of its properties in the next 12 months.

(TSX-V: TSU, Quote)
05/22/2008
Focusing on Ukraine; Disappointing results in Canada and Armenia - FINAL REPORT (15 Pages)
Subscribers Only
07/27/2007
Lowers Risk by Signing LOI to Transfer Ownership of Licenses in PNG  (12 Pages)
Subscribers Only
05/08/2007
New Resource Estimates Leads to Increased Confidence  (14 Pages)
Subscribers Only
04/16/2007
Initiating Coverage; E&P Co. With Balanced Risk-Return Profile (35 Pages)
Subscribers Only

 

 

Western Energy Services Corp.

Western Energy Services Corp. (WSV) is a Canadian based oil service company.  It operates primarily in West Texas and Canada.  The main lines of business are coiled tubing services, well testing services, downhole tool rentals and stimulation services.

(TSX-V: WRG, Quote)
12/01/2008
 
07/08/2008
Continuing to focus on production optimization; Significant debt due in 2008 (11 Pages)
Subscribers Only
11/09/2007
Repositioned Company; Restructuring Showing Positive Effects (17 Pages)
Subscribers Only
08/18/2006
Initiating Coverage (16 Pages)