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 >
Royal's Master Plan
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DOMINIQUE PATRY, Cheuvreux Crédit Agricole Group
(12/13/2010)
"Shell announced an agreement to sell a group of gas fields in South Texas to OXY U.S.A, Inc., a subsidiary of Occidental Petroleum Corp., for approximately U.S.D1.8bn, effective 1 January 2011. The sale is a further step in Shell’s ongoing portfolio restructuring and focus on capital efficiency. Shell is concentrating its investment on the most promising growth opportunities. The sale is part of the U.S.D7bn-8bn divestment plan over 2010-2011. It is aimed at rationalizing its North American portfolio following on from recent acquisitions there. The fields are predominantly mature gas fields which currently produce some 200mmcfd of gas equivalent. Shell has not disclosed the related reserves. Shell continues to make significant investments in natural gas development in North America. Earlier this year, Shell added to its tight gas holdings, acquiring the Eagle Ford acreage and purchasing East Resources, a private company with significant acreage in the highly prospective Marcellus shale in the eastern U.S. Shell is our preferred stock among IOCs with Repsol. We appreciate the strong production and CF growth by 2012, the well balanced E&P portfolio, the ongoing downsizing of the refining capacities, the high dividend yield and the fact that the dividend is safe." |
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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 >