The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
Signs of Life from Spring Breakup with E&P Financings on the Rise
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GREG COLMAN, Wellington West Capital Markets
(05/25/2009)
N.A. rig count pulls back 1% to 974 but CAD count bounces 9%. U.S. gas rig count at 711 vs. our 850 – 1,100E needed to maintain flat prod. With road bans coming off, Canadian count may be starting to rebound. Equity capital markets showing improvement – BS's strengthening. Trailing three month equity finances up 164% since Feb, 264% since Dec w/ $613mm raised for domestic energy in March-May for BS repair, capX. Anecdotal evidence suggests operators expanding budgets off lows. Example; proceeds of PBC $100mm raise 'potentially lead to an expanded 2009 drilling program focused on the Bakken light oil play in [SK].'1. Continue to believe deep & horizontal focus will lead rebound. Economic dominance of shale gas, hztl-only plays (light oil Bakken) reinforces focus on deep fleets (TDG), hztl services (CET.UN, PHX.UN). |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >