Oil & Gas - Exploration & Production Recommendations

Manitok Energy Inc.

The Energy Report with Randall Abramson (4/23/15) "MEI has a long runway of growth ahead."

Hemisphere Energy Corp.

David Ricciardi, Mackie Research Capital (4/22/15) "HME continues to generate positive cash flow as a result of low operating costs."

Madalena Energy Inc.

Darrell Bishop, Haywood Securities (4/20/15) "Over the longer term, we see MVN as the best way to play Argentina."

Royal Dutch Shell Plc

Pavel Molchanov, Raymond James (4/20/15) "RDS has committed to keeping its dividend in 2016E unchanged."

Blackbird Energy Inc.

John Clarke, Octagon Capital Corporation (4/20/15) "BBI may have the potential for over 500 MMBoe liquids-rich reserves."

Madalena Energy Inc.

Michael Charlton, Industrial Alliance Securities (4/20/15) "MVN is well positioned to continue advancing four high-impact plays in Argentina."

Bill Newman, Mackie Research Capital (4/17/15) "MVN's four major resource plays could add substantial value in 2015."

Blackbird Energy Inc.

Geoff Ready, Dundee Capital Markets (4/17/15) "We are initiating coverage of BBI with a Buy recommendation."

Royal Dutch Shell Plc

Pavel Molchanov, Raymond James (4/14/15) "RDS is becoming an LNG behemoth with the addition of BG's 7 Mt/year."

Stock Gazer, Seeking Alpha (4/10/15) "RDS has come to an agreement to acquire BG Group for $70B."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (4/9/15) "POE's Q4/14 average production was in line with our estimate."

Madalena Energy Inc.

Geoff Ready, Dundee Capital Markets (4/9/15) "Test production on MVN's MPS-1135(h) well was 2,140 bbl oil plus gas."

Royal Dutch Shell Plc

Stephane Foucaud, FirstEnergy Capital (4/9/15) "RDS' purchase of BG Group will boost investor confidence."

Madalena Energy Inc.

Michael Charlton, Industrial Alliance Securities (4/8/15) "MVN's PMS-1135(h) well flowed 860 boe/d (56% oil) during 24 hours."

Darrell Bishop, Haywood Securities (4/8/15) "860 boe/d from MVN's PMS-1135 is a very encouraging initial result."

Bill Newman, Mackie Research Capital (4/8/15) "MVN announced positive production test results from two wells."

Blackbird Energy Inc.

Ken Lin, Paradigm Capital (4/8/15) "We are initiating coverage of BBI with a Speculative Buy recommendation."

Royal Dutch Shell Plc

Stock Gazer, Seeking Alpha (4/7/15) "RDS' Singapore plant now should boost production by 20% post upgrade."

Pan Orient Energy Corp.

The Energy Report with Chen Lin (4/2/15) "POE received very good fiscal terms; it has a very good location, is land-based and cheap to drill."

Mart Resources Inc.

The Energy Report with Chen Lin (4/2/15) "MMT's buyer knows the project very well."

Blackbird Energy Inc.

David Ricciardi, Mackie Research Capital (4/1/15) "BBI's Q2 FY15 results were in line with our expectations."

Madalena Energy Inc.

Shareholders Unite, Seeking Alpha (4/1/15) "MVN has a net 132,000 acre position in Vaca Muerta."

Royal Dutch Shell Plc

The Value Portfolio, Seeking Alpha (3/30/15) "At its current price, RDS represents a good investment."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (3/25/15) "POE stock is trading below its cash value."

Rock Energy Inc.

Chad Ellison, Dundee Capital Markets (3/20/15) "We continue to favor RE."

Darrell Bishop, Haywood Securities (3/20/15) "We believe oil prices will increase in H2/15 and bring investors back to RE."

Trevor Reynolds, Acumen Capital Research (3/20/15) "We maintain a Buy recommendation on RE."

Thomas Matthews, Alta Corp Capital (3/20/15) "RE's polymer flood should provide investors with confidence."

Ken Lin, Paradigm Capital (3/20/15) "RE stands out among other junior oil companies."

David Ricciardi, Mackie Research Capital (3/20/15) "RE drilled 75 wells at an average success rate of 92% in 2014."

Madalena Energy Inc.

Power Hedge, Seeking Alpha (3/19/15) "MVN could be an acquisition target or a major opportunity for an investor."

Hemisphere Energy Corp.

David Ricciardi, Mackie Research Capital (3/19/15) "We are initiating coverage on HME with a Buy recommendation."

East West Petroleum Corp.

M Partners (3/18/15) "Following pressure and temperature analysis, EW's Cheal-E2 well will be placed on permanent production."

Royal Dutch Shell Plc

Stock Gazer, Seeking Alpha (3/18/15) "RDS' investment budget and future growth prospects seem intact."

Hemisphere Energy Corp.

Michael Charlton, Industrial Alliance Securities (3/11/15) "HME's drilling in 2014 increased Proven developed producing reserves by 74%."

Pan Orient Energy Corp.

Bob Moriarty, 321 Gold (3/9/15) "POE has $1.37M cash and by Q1/15E will have $1.76M in working capital."

Royal Dutch Shell Plc

Fadel Gheit, Oppenheimer & Co. (3/8/15) "RDS is taking actions to preserve financial flexibility."

Blackbird Energy Inc.

The Energy Report Interview with Steve Palmer (3/5/15) "BBI has just finished drilling two high-impact wells; its odds of success are quite high."

Pan Orient Energy Corp.

Bill Newman, Mackie Research Capital (3/4/15) "The best case resource estimate of POE's Sawn Lake is unchanged."

Bill Newman, Mackie Research Capital (3/3/15) "Thailand Concession L53, 50% owned by POE, has significant resource upside."

Blackbird Energy Inc.

Etienne Moshevich, Alphastox.com (3/2/15) "BBI is on the verge of something special; you don't want to miss it."

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."

Royal Dutch Shell Plc

Bob Ciura, Seeking Alpha (2/26/15) "RDS' downstream growth and capital discipline will provide plenty of room to continue paying its 5% dividend yield."

Rock Energy Inc.

Ken Lin, PI Financial (2/26/15) "RE's equity financing bolsters its balance sheet."

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."