Sector Expert: Bill Newman

Mackie Research Capital

Image: Bill Newman

Bill Newman is vice president of international oil and gas with Mackie Research Capital Corp. He has been an energy analyst for 19 years. Bill holds a Bachelor of Commerce from the University of Calgary and has a CFA designation.

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Companies Commented On

  • Canacol Energy Ltd.
  • Falcon Oil & Gas Ltd.
  • Ithaca Energy Inc.
  • Madagascar Oil Ltd.
  • Madalena Energy Inc.
  • Pan Orient Energy Corp.
  • Valeura Energy


Recent Interviews

Baby Steps: Mackie's Bill Newman Finds Oil & Gas Plays that Produce No Matter What (7/14/15)
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Volatility in the oil and gas markets continues, with prices plunging yet again in the recent chaos surrounding Greece's default negotiations and other global political and economic uncertainties. But a rebound is inevitable, and Mackie Research's Bill Newman has his eye on companies that have managed to grow, step-by-step, even in hard times. In this interview with The Energy Report, Newman identifies companies with individual stories that will, in the end, defy the trend.

Bill Newman: Get Over Your Fear and Go for Black Gold in Argentina (5/8/14)

It's been a long time since the Repsol fiasco in Argentina, and the oil-rich nation has been making steady efforts to encourage foreign investment in its energy sector. Bill Newman, vice president of international oil and gas with Mackie Research Capital, insists investors should focus less on political risk and more on the world-class Vaca Muerta shale play. In this interview with The Energy Report, Newman names oil and gas majors and junior explorers making progress, and recommends a few names that are taking advantage of Argentina's production incentives.

Bill Newman: As Argentina Backpedals, Will Oil and Gas Companies Step on the Gas? (8/6/13)

Argentina's nationalist seizure of YPF's assets last year stunned markets, but loss of foreign investment compromised the nation's energy self sufficiency. Now, says Bill Newman of Mackie Research, the government is taking steps in the right direction. In this interview with The Energy Report, Newman outlines the political landscape and identifies promising plays in the region.

Recent Quotes

"We maintain our BUY recommendation for POE based on its strong financial position."

— Bill Newman, Mackie Research Capital (5/19/16)
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"POE's drilling on East Jabung represents substantial resource upside."

— Bill Newman, Mackie Research Capital (4/26/16)
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"POE has high exploration potential in Indonesia."

— Bill Newman, Mackie Research Capital (3/23/16)
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"POE announced excellent final production test results from Sawn Lake."

— Bill Newman, Mackie Research Capital (2/23/16)
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"We maintain our Buy recommendation for POE, which could continue to make distributions to shareholders upon the monetization of assets in Thailand and Indonesia."

— Bill Newman, Mackie Research Capital (2/5/16)
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"We think POE's return of capital will be viewed positively by shareholders."

— Bill Newman, Mackie Research Capital (11/30/15)
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"POE's Q3/15 Thailand production was slightly higher than our forecast."

— Bill Newman, Mackie Research Capital (11/19/15)
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"POE's strong finances and high exploration potential support our Buy recommendation."

— Bill Newman, Mackie Research Capital (10/20/15)
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"POE's test results from the Akeh-1 exploration/appraisal well are expected within 2ľ3 weeks."

— Bill Newman, Mackie Research Capital (10/16/15)
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"POE plans to test three intervals that may be hydrocarbon bearing."

— Bill Newman, Mackie Research Capital (9/25/15)
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"MVN reported Q2/15 production in-line with our forecast."

— Bill Newman, Mackie Research Capital (8/27/15)
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"POE maintains a strong balance sheet with no debt and positive working capital of $87M."

— Bill Newman, Mackie Research Capital (8/12/15)
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"POE's 250 MMbbl Anggun prospect is a company maker play if successful."

— Bill Newman, Mackie Research Capital (8/4/15)
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"If MVN can repeat its success with the Loma Montosa, we see a lot of potential production additions in 2016."

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

The Energy Report Interview with Bill Newman (7/14/15)
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"For the remainder of 2015, POE plans to spend ~$6M on drilling."

— Bill Newman, Mackie Research Capital (7/2/15)
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"MVN's Loma Montosa and Sierras Blancas wells are exceeding expectations."

— Bill Newman, Mackie Research Capital (5/29/15)
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"We estimate POE's net positive working capital increased to ~$91.7M."

— Bill Newman, Mackie Research Capital (5/25/15)
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"MVN will continue to focus on the appraisal of four resource plays."

— Bill Newman, Mackie Research Capital (4/28/15)
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"MVN's four major resource plays could add substantial value in 2015."

— Bill Newman, Mackie Research Capital (4/17/15)
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"POE's Q4/14 average production was in line with our estimate."

— Bill Newman, Mackie Research Capital (4/9/15)
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"MVN announced positive production test results from two wells."

— Bill Newman, Mackie Research Capital (4/8/15)
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"POE stock is trading below its cash value."

— Bill Newman, Mackie Research Capital (3/25/15)
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"The best case resource estimate of POE's Sawn Lake is unchanged."

— Bill Newman, Mackie Research Capital (3/4/15)
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"Thailand Concession L53, 50% owned by POE, has significant resource upside."

— Bill Newman, Mackie Research Capital (3/3/15)
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"MVN will focus on Loma Montosa, VM shale, Agrio shale and Mulichinco tight sands in 2015."

— Bill Newman, Mackie Research Capital (2/12/15)
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"MVN's 2015 strategy is focused on its four large resource plays in Argentina."

— Bill Newman, Mackie Research Capital (1/30/15)
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"Medanito crude oil price should benefit Argentinian producers such as MVN."

— Bill Newman, Mackie Research Capital (1/26/15)
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"We expect MVN to demonstrate reasonable production and cash flow growth in 2015."

— Bill Newman, Mackie Research Capital (12/9/14)
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"FCU returned strong mineralization at shallow depth at PLS."

— Bill Newman, Mackie Research Capital (12/2/14)
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"POE maintains a strong working capital position of $43.6M."

— Bill Newman, Mackie Research Capital (12/1/14)
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"MVN can fund exploration and development from cash flow and available credit."

— Bill Newman, Mackie Research Capital (11/27/14)
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"MVN maintains a relatively strong financial position."

— Bill Newman, Mackie Research Capital (11/26/14)
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"POE continues to trade at a discount."

— Bill Newman, Mackie Research Capital (11/12/14)
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"POE's Thailand farmout is the first in a series of value-creating catalysts."

— Bill Newman, Mackie Research Capital (11/5/14)
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"MVN's cost to drill, case and stimulate the Nordegg discovery well was only CA$2.3M."

— Bill Newman, Mackie Research Capital (11/4/14)
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"MVN's highly experienced new board members provide expertise in operating, growing and monetizing O&G companies."

— Bill Newman, Mackie Research Capital (9/23/14)
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"We see limited downside for POE and multiple chances for significant upside before year-end."

— Bill Newman, Mackie Research Capital (9/23/14)
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"We see significant upside if POE's initial bitumen production results indicate the potential commerciality of the Sawn Lake project."

— Bill Newman, Mackie Research Capital (9/17/14)
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"MVN is on track to grow production in H2/14."

— Bill Newman, Mackie Research Capital (8/29/14)
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"POE's stock should run if a binding farmout agreement is reached."

— Bill Newman, Mackie Research Capital (8/22/14)
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"MVN is an excellent buying opportunity."

— Bill Newman, Mackie Research Capital (8/8/14)
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"We like MVN for its healthy balance sheet and potential for impressive production growth."

— Bill Newman, Mackie Research Capital (7/30/14)
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"A fully subscribed financing signals high demand, support and confidence in the MVN's growth story."

— Bill Newman, Mackie Research Capital (7/8/14)
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