Oil & Gas - Exploration & Production Recommendations

Manitok Energy Inc.

The Energy Report Interview with Brian Bagnell (2/26/15) "MEI is in good shape because of its prudence, and yet is trading very cheaply versus its peers."

Rock Energy Inc.

Chad Ellison, Dundee Capital Markets (2/25/15) "We favor RE because of its materially improving cost structure and clean balance sheet."

Thomas Matthews, Alta Corp Capital (2/25/15) "We maintain our Outperform rating on RE."

Blackbird Energy Inc.

The Energy Report Interview with Etienne Moshevich (2/19/15) "BBI's wells are in a position to make money; the company is truly ready to pop."

Madalena Energy Inc.

The Energy Report Interview with Etienne Moshevich (2/19/15) "MVN has a solid financial position and an even better land base in what could be the biggest shale play in the world."

Hemisphere Energy Corp.

The Energy Report Interview with Etienne Moshevich (2/19/15) "HME will flourish once the market moves."

Mart Resources Inc.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/19/15) "MMT will have huge growth in 2015 thanks to the new pipeline and OML-18."

Pan Orient Energy Corp.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/19/15) "I believe POE will be one of the few energy companies that can offer big production growth in the next few years."

Madalena Energy Inc.

Geoff Ready, Dundee Capital Markets (2/13/15) "At Puesto Morales, MVN has commenced drilling the PMS-1135(h) well targeting the Loma Montosa oil play."

Pan Orient Energy Corp.

Bob Moriarty, 321 Gold (2/13/15) "POE is drilling a high-potential hole at its L53 oil project in Thailand."

Madalena Energy Inc.

Michael Charlton, Industrial Alliance Securities (2/13/15) "MVN's total proved reserves increased 149% while total 2P reserves increased 155%."

Pan Orient Energy Corp.

The Energy Report Interview with Bob Moriarty (2/12/15) "POE just closed on the Thailand sale, and will be drilling a game-changing well in the next couple of weeks."

Madalena Energy Inc.

Darrell Bishop, Haywood Securities (2/12/15) "Value will come from MVN delineating and proving up the shale resources in Argentina."

Deborah Bacal, Proactive Investors (2/12/15) "MVN can weather the current downturn in oil prices."

Bill Newman, Mackie Research Capital (2/12/15) "MVN will focus on Loma Montosa, VM shale, Agrio shale and Mulichinco tight sands in 2015."

Royal Dutch Shell Plc

Price Point, Seeking Alpha (2/6/15) "If you want a balanced approach and not an overreaction to the current challenges, go for RDS."

Rock Energy Inc.

Darrell Bishop, Haywood Securities (2/4/15) "RE entered a bought deal for gross proceeds of $10M."

Stockwatch (2/4/15) "RE's project will lower its royalties for Mantario to 1% from as much as 30%."

Manitok Energy Inc.

Stockwatch (2/4/15) "MEI reduced its net debt to $77.5M on a $105M credit facility."

Mart Resources Inc.

Stephane Foucaud, FirstEnergy Capital (2/3/15) "The 29 Mbbl/d reached in January is evidence that MMT's production keeps growing."

Royal Dutch Shell Plc

Trefis (2/2/15) "RDS' Q4/14 EPS increased by over 13% compared to the year ago quarter."

Madalena Energy Inc.

Darrell Bishop, Haywood Securities (2/2/15) "MVN can advance several resource plays in Argentina in 2015."

Pan Orient Energy Corp.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/2/15) "There is unbelievable value in POE."

Royal Dutch Shell Plc

Fadel Gheit, Oppenheimer & Co. (2/1/15) "RDS is taking actions to preserve financial flexibility."

Bram de Haas, Seeking Alpha (2/1/15) "RDS is making investments with long-term planning assumptions in mind."

Mart Resources Inc.

Stephane Foucaud, FirstEnergy Capital (1/30/15) "We are initiating coverage on MMT with an Outperform recommendation."

Madalena Energy Inc.

Bill Newman, Mackie Research Capital (1/30/15) "MVN's 2015 strategy is focused on its four large resource plays in Argentina."

Royal Dutch Shell Plc

Trefis (1/28/15) "We expect RDS' downstream margins to get a significant boost in Q4/14."

Rock Energy Inc.

Nav Malik, Octagon Capital Corporation (1/28/15) "RE's Q4/14 production was 13% higher than its Q3/14 production."

Hemisphere Energy Corp.

Michael Charlton, Industrial Alliance Securities (1/28/15) "HME is well positioned to ramp up quickly when oil prices improve."

Rock Energy Inc.

Chad Ellison, Dundee Capital Markets (1/27/15) "RE's Q4/14 production averaged 5,350 boepd, ahead of our estimate."

Ken Lin, Paradigm Capital (1/27/15) "RE merits serious consideration in a portfolio; we maintain our Buy."

Darrell Bishop, Haywood Securities (1/27/15) "We see RE as a strong candidate to weather the collapse in oil prices."

Thomas Matthews, Alta Corp Capital (1/27/15) "We believe RE's deferral of its highest productivity locations will pay off."

Madalena Energy Inc.

Bill Newman, Mackie Research Capital (1/26/15) "Medanito crude oil price should benefit Argentinian producers such as MVN."

Royal Dutch Shell Plc

Jefferson Research (1/23/15) "The balance sheet shows RDS' ability to pay its bills and fund growth."

Jefferson Research (1/21/15) "RDS is showing strong cash flow quality, balance sheet quality and operating efficiency."

Madalena Energy Inc.

Etienne Moshevich, Alphastox.com (1/14/15) "MVN is well positioned to weather the storm and come out the other side with strength."

Blackbird Energy Inc.

Ryan Mooney, National Bank Financial (1/14/15) "BBI has $45M cash and no debt, making it less sensitive to commodity price volatility."

Pan Orient Energy Corp.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (1/9/15) "POE and its partners are set to drill very important wells in Thailand and Indonesia."

Torchlight Energy Resources Inc.

The Energy Report with Rich Masterson (1/8/15) "TRCH's Orogrande offers great potential for reward."

Madalena Energy Inc.

Geoff Ready, Dundee Capital Markets (1/8/15) "MVN continues to receive a much higher price for its production relative to the rest of our coverage universe."

Terra Nova Energy Ltd.

Charlotte McLeod, Resource Investing News (1/5/15) "TGC's share price rose steadily throughout 2014."

Royal Dutch Shell Plc

Jefferson Research (1/2/15) "RDS is showing strong cash flow quality, balance sheet quality and operating efficiency."

Madalena Energy Inc.

Geoff Ready, Dundee Capital Markets (12/16/14) "As of Q3/14, MVN had positive working capital of $18M."

Darrell Bishop, Haywood Securities (12/16/14) "MVN maintains a strong financial position."

Michael Charlton, Industrial Alliance Securities (12/15/14) "Regulated prices in Argentina provide stability for MVN."

Royal Dutch Shell Plc

Pim Keulen, Seeking Alpha (12/15/14) "RDS is at an attractive entry point for income investors."

Pan Orient Energy Corp.

The Energy Report Interview with Chen Lin (12/11/14) "POE is my favorite energy play because of its very strong balance sheet."

Mart Resources Inc.

The Energy Report Interview with Chen Lin (12/11/14) "MMT has been my home run of the past few years."

Cub Energy Inc.

The Energy Report Interview with Chen Lin (12/11/14) "KUB is getting good results from West Ukraine."

Madalena Energy Inc.

Bill Newman, Mackie Research Capital (12/9/14) "We expect MVN to demonstrate reasonable production and cash flow growth in 2015."

WesternZagros Resources Ltd.

Gerry Donnelly, FirstEnergy Capital (12/8/14) "We upgrade our recommendation for WZR from Market Perform to Outperform."

ENSERVCO Corp.

The Energy Report Interview with Philip Juskowicz (12/4/14) "ENSV has done a good job gaining market share in existing markets, making small acquisitions and growing organically into new markets."

Madalena Energy Inc.

Etienne Moshevich, Alphastox.com (12/2/14) "MVN is a no-brainer to keep on your radar screens at the moment."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (12/1/14) "POE maintains a strong working capital position of $43.6M."

New Zealand Energy Corp.

David Buma, M Partners (12/1/14) "We expect NZ's near-term focus to be on reactivations and up-hole completions."

Royal Dutch Shell Plc

Fadel Gheit, Oppenheimer & Co. (11/28/14) "RDS has made good progress on restructuring its North American resources."

Madalena Energy Inc.

Darrell Bishop, Haywood Securities (11/27/14) "MVN maintains a strong financial position at the end of Q3/14."

Michael Charlton, Industrial Alliance Securities (11/27/14) "Success in any one of MVN's six high-impact plays could have substantial impact."

Bill Newman, Mackie Research Capital (11/27/14) "MVN can fund exploration and development from cash flow and available credit."

Bill Newman, Mackie Research Capital (11/26/14) "MVN maintains a relatively strong financial position."

Geoff Ready, Dundee Capital Markets (11/26/14) "MVN's Q3/14 production of 4,707 boepd was in line with our estimate."

ENSERVCO Corp.

The Energy Report Interview with Rudolf Hokanson (11/25/14) "ENSV is very good at what it does; the company is building a good reputation well by well."

Blackbird Energy Inc.

David Ricciardi, Jennings Capital (11/21/14) "BBI has a working interest and operatorship in two potentially game-changing plays."

Hemisphere Energy Corp.

Michael Charlton, Industrial Alliance Securities (11/19/14) "HME will be in a solid position to grow production, cash flow and reserves organically in 2015."

Manitok Energy Inc.

Brian Bagnell, Macquarie Capital Markets (11/17/14) "Results from MEI's drill program at entice have been impressive."

Shailender Randhawa, RBC Capital Markets (11/17/14) "We maintain our Outperform rating on MEI."

Chad Ellison, Dundee Capital Markets (11/17/14) "MEI's Q3/14 is in line, and its production guidance reaffirmed."

Caza Oil & Gas Inc.

The Energy Report with Angelos Damaskos (11/13/14) "CAZ's Broadcaster is a low-risk operation with the potential to greatly increase production."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (11/12/14) "POE continues to trade at a discount."

Manitok Energy Inc.

Daniel Choi, Clarus Securities (11/11/14) "Fourth horizontal well at Entice confirms 6–8 additional locations."

Enterprise Group Inc.

Steven Salz, M Partners (11/11/14) "E is an ideal alternative play with exposure to Western Canada and more diversity than peers."

Pan Orient Energy Corp.

Mark Heim, Jennings Capital (11/11/14) "We reiterate our Buy recommendation on POE and have modestly increased our target price."

Rock Energy Inc.

David Ricciardi, Jennings Capital (11/10/14)

Pan Orient Energy Corp.

The Energy Report Interview with Bob Moriarty (11/6/14) "POE is a tripleheader; it has projects in Thailand, Indonesia and Canada."

Torchlight Energy Resources Inc.

The Energy Report Interview with Bob Moriarty (11/6/14) "TRCH is going to have a lot of money when the cost of projects and the cost of drilling come down."

Rock Energy Inc.

Thomas Matthews, Alta Corp Capital (11/6/14)

Ken Lin, Paradigm Capital (11/6/14)

Nav Malik, Octagon Capital Corporation (11/6/14)