Oil & Gas - Exploration & Production Recommendations

Royal Dutch Shell Plc

Philip Waller, Proactive Investors (1/27/16) "RDS shareholders have backed its merger with BG Group."

BNK Petroleum Inc.

The Energy Report Interview with Samuel Pelaez (1/26/16) "BKX has been able to squeeze more oil out of every well in this play than anybody ever predicted."

Pan Orient Energy Corp.

The Energy Report Interview with Chen Lin (1/19/16) "POE is a company you can hold and collect a dividend from."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (12/16/15) "I am quite excited about POE in 2016."

BNK Petroleum Inc.

Michael Charlton, Industrial Alliance Securities (12/16/15) "BKX's Oklahoma asset has significant value."

Manitok Energy Inc.

Chad Ellison, Dundee Capital Markets (12/1/15) "MEI's farm out reduces its drill obligations."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (11/30/15) "We think POE's return of capital will be viewed positively by shareholders."

Royal Dutch Shell Plc

Fadel Gheit, Oppenheimer & Co. (11/20/15) "RDS' successful integration of BG could be a turning point for it."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (11/19/15) "POE's Q3/15 Thailand production was slightly higher than our forecast."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (11/19/15) "POE's stock is still my largest energy position today."

BNK Petroleum Inc.

Michael Charlton, Industrial Alliance Securities (11/9/15) "BNK's global cost cutting efforts and minimal capital spending are helping to maintain positive cash flow."

Royal Dutch Shell Plc

Trefis (11/2/15) "RDS has significantly improved downstream efficiency this year."

BNK Petroleum Inc.

The Energy Report Interview with Brian Hicks (10/27/15) "We feel like BNK is undervalued if you look at the reserves in the ground."

Royal Dutch Shell Plc

The Energy Report Interview with Brian Hicks (10/27/15) "RDS has been able to grow the dividends, in some cases, at very high, double-digit rates over the last decade."

Pan Orient Energy Corp.

The Energy Report Interview with Chen Lin (10/21/15) "POE has a lot of ways to be successful, and it is now selling at a rock-bottom price."

Bill Newman, Mackie Research Capital (10/20/15) "POE's strong finances and high exploration potential support our Buy recommendation."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (10/20/15) "POE's discovery could easily be worth $50M, which is its current market cap."

Bill Newman, Mackie Research Capital (10/16/15) "POE's test results from the Akeh-1 exploration/appraisal well are expected within 23 weeks."

Royal Dutch Shell Plc

theScreener (10/14/15) "In terms of valuation, RDS stock has very good potential."

theScreener (10/9/15) "RDS is fundamentally very undervalued compared to its theoretical fair price."

Torchlight Energy Resources Inc.

Streetwise Reports Special Situations Interview with Jim Collins (10/8/15) "TRCH drilled its first well on the Orogrande."

Royal Dutch Shell Plc

Trefis (10/5/15) "The BG deal will allow RDS to consolidate its leadership position in the global LNG market."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (9/25/15) "POE plans to test three intervals that may be hydrocarbon bearing."

Madalena Energy Inc.

Etienne Moshevitz, Alphastox.com (9/14/15) "MVN is a top pick in the international energy sector."

Royal Dutch Shell Plc

David Addison, Seeking Alpha (9/10/15) "RDS will likely emerge intact from the cyclical energy market."

The Energy Report Interview with Keith Schaefer (9/1/15) "RDS sees today as the bottom that sets it up for success at the top of the next cycle."

The Value Portfolio, Seeking Alpha (8/31/15) "RDS is a solid investment for those who think that this oil crash will be long and drawn out."

Ray Merola, Seeking Alpha (8/28/15) "The probability of an RDS dividend cut is highly unlikely."

Madalena Energy Inc.

Darrell Bishop, Haywood Securities (8/27/15) "MVN offers the lowest oil price risk among Canadian producers."

Michael Charlton, Industrial Alliance Securities (8/27/15) "MVN's Q2/15 average production, an 11% QOQ increase, was in line."

Bill Newman, Mackie Research Capital (8/27/15) "MVN reported Q2/15 production in-line with our forecast."

David Dudlyke, Dundee Capital Markets (8/26/15) "MVN's Q2/15 production benefited from strong results at the Loma Montosa well."

Royal Dutch Shell Plc

Pim Keulen, Seeking Alpha (8/24/15) "RDS is outperforming its major U.S. oil and gas competitors."

Pan Orient Energy Corp.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (8/21/15) "POE is one of the best energy stocks for this downturn."

Hemisphere Energy Corp.

Michael Charlton, Industrial Alliance Securities (8/20/15) "HME's prudent and calculated approach to its capital program appears to be paying off."

David Ricciardi, Mackie Research Capital (8/20/15) "The credit facility renewal reflects the strength of HME's current asset."

Pan Orient Energy Corp.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (8/20/15) "POE's upcoming Indonesian well has an extremely high chance of success."

BNK Petroleum Inc.

Brian Bagnell, Macquarie Capital Markets (8/14/15) "BKX's operating costs per barrel have dropped by ~34% YOY."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (8/12/15) "POE maintains a strong balance sheet with no debt and positive working capital of $87M."

WesternZagros Resources Ltd.

FirstEnergy Capital (8/5/15) "WZR's Q2/15 production from the Sarqala-1 well averaged 5,427 bbl/d."

Manitok Energy Inc.

The Energy Report Interview with Randall Abramson (8/4/15) "We are enamored with MEI."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (8/4/15) "POE's 250 MMbbl Anggun prospect is a company maker play if successful."

Royal Dutch Shell Plc

Fadel Gheit, Oppenheimer & Co. (8/3/15) "RDS' Q2/15 benefited from strong downstream results."

Hemisphere Energy Corp.

David Ricciardi, Mackie Research Capital (7/28/15) "The maintenance of HME's credit facility reflects the strength of the company's current asset."

Royal Dutch Shell Plc

RBC Capital Markets (7/16/15) "We recently upgraded RDS to Outperform."

Pan Orient Energy Corp.

The Energy Report Interview with Bill Newman (7/14/15) "The real upside in POE's story in the near term is exploration drilling in Indonesia."

Madalena Energy Inc.

The Energy Report Interview with Bill Newman (7/14/15) "If MVN can repeat its success with the Loma Montosa, we see a lot of potential production additions in 2016."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (7/2/15) "For the remainder of 2015, POE plans to spend ~$6M on drilling."

Royal Dutch Shell Plc

Ray Merola, Seeking Alpha (7/1/15) "RDS's new CEO is taking bold steps."

Pan Orient Energy Corp.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (6/30/15) "Each of POE's projects can be worth more than the company's market cap."

Royal Dutch Shell Plc

Trefis (6/26/15) "RDS' downstream EBITDA margin should increase to 2.5% in the long run."

Blackbird Energy Inc.

Chad Ellison, Dundee Capital Markets (6/26/15) "Potential clarity on infrastructure timing will be catalysts for BBI stock."

Darrell Bishop, Haywood Securities (6/26/15) "We continue to like BBI stock's risk/reward."

David Ricciardi, Mackie Research Capital (6/26/15) "Having disposed of non-core assets, BBI is focused on Elmworth."

Hemisphere Energy Corp.

Josef Schachter, Maison Placements (6/25/15) "We are introducing coverage on HME with a Buy rating."

Manitok Energy Inc.

Daniel Choi, Clarus Securities (6/18/15) "MEI's post-acquisition asset base is compelling."

Chad Ellison, Dundee Capital Markets (6/17/15) "MEI's Wayne acquisition makes it a lower-risk company going forward."

Blackbird Energy Inc.

Darrell Bishop, Haywood Securities (6/10/15) "We are initiating coverage on BBI with a Buy rating."

Etienne Moshevich, Alphastox.com (6/9/15) "The Q3/15 drill program should be seen as a major catalyst for BBI."

Manitok Energy Inc.

Chad Ellison, Dundee Capital Markets (6/8/15) "MEI's Wayne acquisition adds key infrastructure, 1,800 boe/d of production and low risk drilling."

Chad Ellison, Dundee Capital Markets (6/2/15) "We believe MEI's risk profile is beginning to shrink, we expect the valuation gap to follow suit."

Brian Bagnell, Macquarie Capital Markets (6/2/15) "We reiterate our Outperform rating for MEI."

Madalena Energy Inc.

David Dudlyke, Dundee Capital Markets (6/1/15) "MVN's Q1/15 production of 3,586 boe/d beat our estimates by 10%."

Darrell Bishop, Haywood Securities (5/29/15) "MVN's Q1/15 production was in line with our estimate and consensus."

Bill Newman, Mackie Research Capital (5/29/15) "MVN's Loma Montosa and Sierras Blancas wells are exceeding expectations."

Michael Charlton, Industrial Alliance Securities (5/29/15) "North American technology will be key to MVN unlocking unconventional plays."

Hemisphere Energy Corp.

Michael Charlton, Industrial Alliance Securities (5/28/15) "HME's focus on optimization and balance sheet strength is paying off."

David Ricciardi, Mackie Research Capital (5/28/15) "HME has been successful in its cost reduction strategies."

Royal Dutch Shell Plc

The Energy Report Interview with Brian Hicks (5/26/15) "We're very encouraged by RDS's acquisition of BG Group. We feel it strategically places the company very well."

BNK Petroleum Inc.

The Energy Report Interview with Brian Hicks (5/26/15) "In a normalized pricing environment, BKX could double from where it is now."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (5/25/15) "We estimate POE's net positive working capital increased to ~$91.7M."

Mart Resources Inc.

FirstEnergy Global Research (5/22/15) "Sidetracking and deepening of MMT's UMU-8 well encountered 562 feet of gross hydrocarbon pay."

Blackbird Energy Inc.

Dan Payne, National Bank Financial (5/20/15) "BBI's summer drill program will focus on delineating Elmworth Montney."

David Ricciardi, Mackie Research Capital (5/20/15) "BBI's new, third Montney well will help delineate the acreage."

Atlas Resource Partners L.P.

Kevin Smith, Raymond James (5/19/15) "ARP's small acquisition is roughly breakeven on a cash flow basis."

Royal Dutch Shell Plc

Fadel Gheit, Oppenheimer & Co. (5/18/15) "RDS announced a merger with BG to create the world's largest LNG firm."

Mart Resources Inc.

FirstEnergy Capital (5/18/15) "MMT's cash flows in Q1/15 from operating activities were $17.9M."

BNK Petroleum Inc.

Jamie Somerville, TD Securities (5/15/15) "BNK successfully fracked the Nickel Hill 36-3H well and 12 additional stages in the Emery 17-1H well."

Michael Charlton, Industrial Alliance Securities (5/15/15) "Early results from BKX's Caney wells continue to be encouraging."

Stacey McDonald, GMP Securities (5/15/15) "We maintain our Buy rating on BKX."