The upcoming 2013 Drilling Season could be the Best Ever!!
EPAC's Investor Showcase connects analysts, fund managers, investors, industry executives and media, with a selection of Canada's most dynamic junior and mid-cap oil and gas producers.
Highlights from Investors Quarterly Year End 2012
Top 3 Q4 Jr oil production: Freehold, Cequence, Surge
Top 3 Q4 Nat. Gas: Wrangler West, Terra, PineCliff
Top 3 Reserve Life: Painted Pony, YoHo, Cequence
Top 3 Enterprise value: Freehold, Raging River, DeeThree
Top 3 Year end Undeveloped Land (net acres) Terra, TORC, Surge
Top 3 Total Return: DeeThree, Manitok, Edge
Assuming you were not in attendance, here are some Highlights from the 2013 EPAC Oil and Gas Investor Showcase. This post is just to give you a quick snapshot of ideas presented, and give you a starting point to dig deeper in what interests you as an O&G investor.
For each company I have set up 3 links below called;
PEOPLE (list of the directors and their backgrounds)
PROJECTS (list of presentations)
PROFITS (links to the finance numbers)
(Scroll to very bottom for links to these oil magazines)
Top 3 picks going into Winter 2013 are:
Crescent Point TSX: CPG, [not epac list below]
Palliser Oil TSX:PXL
Cequence Energy TSX:CQE
1. CPG very long oil reserve life, making it a safe long term investment, they have a very solid base to grow from they are in the right basins with the right technology and they have the hedging strategies to protect and grow profits.
Key points: A 20 Year drilling inventory of 10,000 locations, Shaunovon area has multi-stage fracking potential,they have never missed a production target in 13 years, they have a possible 805 million BBL of unbooked reserves!
Upto 65% of their production is hedged with put/swap/call strategies, they recently moved in to the prolific UINTA BASIN and have strong reserve growth.
2. PXL cold heavy oil production technology ("CHOPS") applied to older oil fields in LLoydminster are increasing their recovery rates from 2 upto 13% which could not only be a game changer for PXL but also the entire heavy oil industry!
3. CQE their oil reserves are going up, their drilling costs are decreasing (costs down 30%), they are getting better at repeating successes in the Upper Montney and their deep basin strategy in the simonette area will get better and more focused as it goes forward.
[ EPAC's Top 20 ]
Here is List of Companies that presented this year 2013 and you can find more about them by clicking the links to each company below. I will be editing and updating this page through the summer of 2013.
(click to enlarge) Quick list of Top 20 Presenters NOTE:The list is not a ranking # it is just a list, the rank by production or other metrics is at the very bottom.
* Crescent Point was added to the above list (not on above list)
HOW THIS BLOG PAGE IS ORGANIZED:
Just a slide or two from each presenter, with Key Points to help you short list or compare junior oil and gas companies.
No time to read all this?
As you read through each company snapshot you can then click to learn what makes that company special in terms of their PEOPLE, PROJECTS or PROFITS.
[ Just keep in mind to whittle down the hundreds of Canadian Juniors to just 20, is to really indicate that all of these 20 businesses are already "the Best of the Best" in up and coming jr. oil companies. You can decide for yourself based on what angle or metric you think offers the best way to look at your own investments.]
Keep this little ballpark risk formula in the back of your mind as you scroll down through each company. You don't need to crunch it, the experts have done so for you, but it may help you select one play over another.
PROJECTS PRESENTATION MAY 2013
Mostly targeting the MONTNEY FORMATION.
3. Crew Energy
CREW ENERGY JUNE 2013
(click to enlarge) 5. Hemisphere Energy
6. LGX Oil and Gas
(click to enlarge) 7. Long Run Exploration
(click to enlarge) 8. Marquee Energy Ltd.
(click to enlarge) 9. Nal Resources
NAL Resources Limited (is owned now by Manulife Financial)
PROFITS * Manulife Financial (click to enlarge)
Petromanas Energy Inc. is an international oil and gas company focused on the exploration and development of its assets in Albania. Petromanas, through its wholly-owned subsidiary, holds two Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in Blocks D and E and a 50% working interest in Blocks 2 and 3 that comprise more than 1.1 million gross acres across Albania's Berati thrust belt. Petromanas also holds exploration assets in France and Australia.
15. RMP ENERGY INC15. RMP ENERGY
Our oil and gas exploration and production base is West Central Alberta's Ante Creek, Waskahigan, Grizzly, Kaybob and Pine Creek areas. We have also established land positions in Alberta's Ricinus area as well as Big Muddy in Saskatchewan. RMP's priority is a significant oil resource drilling program at Ante Creek and Waskahigan. During the fourth quarter ended December 31 2012, RMP produced 6,656 barrels of oil equivalent per day (boe/d), weighted 50% light oil and NGLs.
Link to Seeking Alpha Post
--other presenters not on epac's original list, that attended--
Crescent Point Energy Corp. [ This is #1 in our top 3 picks for its reserves]
Other links of Interest:
Click here to go to Oilweek
(click to enlarge) Click here to go to Oilsands review
Check out Bryan Mills Iradesso www.iq.bmir.com you can order information and publications from them with highlights like below.
[ list of remaining tax pools by symbol ]
PXL = 92 Million Tax Pool
RRX 238 MM
NAV is Different than EV, we lwill list both here...
LIST OF JUNIOR OIL COMPANIES ON TSX
Advantage Oil & Gas Ltd.
Anderson Energy Ltd.
Angle Energy Inc.
Antrim Energy Inc.
ARC Resources Ltd.
Argent Energy Trust
Arsenal Energy Inc.
Artek Exploration Ltd.
Athabasca Oil Corporation
Aurora Oil & Gas Limited
Bankers Petroleum Ltd.
Baytex Energy Corp.
Bellatrix Exploration Ltd
Bengal Energy Ltd.
Birchcliff Energy Ltd.
BlackPearl Resources Inc.
BNK Petroleum Inc.
Bonavista Energy Corporation
Bonterra Energy Corp
Calvalley Petroleum Inc.
Canacol Energy Ltd.
Canadian Natural Resources Limited
Canadian Oil Sands Limited
Candax Energy Inc.
Caspian Energy Inc.
Caza Oil & Gas Inc.
Cenovus Energy Inc
Cequence Energy Ltd.
Chinook Energy Inc.
Coastal Energy Company
Condor Petroleum Inc.
Connacher Oil and Gas Limited
Corridor Resources Inc.
Crescent Point Energy Corp.
Crew Energy Inc.
Crocotta Energy Inc.
DeeThree Exploration Ltd.
Dejour Energy Inc.
Delphi Energy Corp.
Dundee Energy Limited
Eagle Energy Trust
Epsilon Energy Ltd.
Equal Energy Ltd
Exall Energy Corporation
Freehold Royalties Ltd.
Gran Tierra Energy Inc.
Gran Tierra Exchangeco Inc.
Heritage Oil Corporation
Husky Energy Inc.
Imperial Oil Limited
Insignia Energy Ltd.
Ithaca Energy Inc.
Ivanhoe Energy Inc.
Jura Energy Corporation
Kelt Exploration Ltd.
Legacy Oil + Gas Inc
Lightstream Resources Ltd.
Lone Pine Resources Inc.
Long Run Exploration Ltd.
Longview Oil Corp.
Lundin Petroleum AB
MEG Energy Corp
Metalore Resources Limited
MGM Energy Corp.
Niko Resources Ltd.
NuVista Energy Ltd.
Oando Energy Resources Inc.
Oryx Petroleum Corporation Limited
Pacific Rubiales Energy Corp.
Parallel Energy Trust
Paramount Resources Ltd.
Parex Resources Inc
Pengrowth Energy Corporation
Penn West Petroleum Ltd.
Perpetual Energy Inc.
Petrobank Energy and Resources Ltd.
Peyto Exploration & Development Corp.
Questerre Energy Corporation
Raging River Exploration Inc.
RMP Energy Inc.
Rock Energy Inc.
Santonia Energy Inc.
Second Wave Petroleum Inc.
Serica Energy plc
Serinus Energy Inc.
Shoreline Energy Corp.
Sonde Resources Corp
Southern Pacific Resource Corp
Spyglass Resources Corp.
Suncor Energy Inc.
Sunshine Oilsands Ltd.
Sure Energy Inc.
Surge Energy Inc.
TAG Oil Ltd.
Talisman Energy Inc.
Terra Energy Corp.
Tethys Petroleum Limited
TORC Oil & Gas Ltd.
Tourmaline Oil Corp.
TransAtlantic Petroleum Ltd
TransGlobe Energy Corporation
Trilogy Energy Corp
Twin Butte Energy Ltd.
Valeura Energy Inc
Vermilion Energy Inc.
Waldron Energy Corporation
Whitecap Resources Inc.
Zargon Oil & Gas Ltd.
|Suncor Energy Inc.||SU||46,736,623,992||1,507,633,032|
|Imperial Oil Limited||IMO||34,031,100,292||847,599,011|
|Canadian Natural Resources Limited||CNQ||32,284,079,285||1,088,839,099|
|Husky Energy Inc.||HSE||27,843,338,817||995,129,865|
|Cenovus Energy Inc||CVE||22,667,840,010||755,594,667|
|Crescent Point Energy Corp.||CPG||13,649,857,306||382,670,516|
|Talisman Energy Inc.||TLM||12,606,427,008||1,042,555,584|
|Canadian Oil Sands Limited||COS||9,434,407,479||484,561,247|
|ARC Resources Ltd.||ARX||8,564,193,478||311,085,851|
|Tourmaline Oil Corp.||TOU||7,755,743,045||184,090,744|
|Lundin Petroleum AB||LUP||6,529,883,313||317,910,580|
|MEG Energy Corp||MEG||6,380,824,284||221,325,851|
|Pacific Rubiales Energy Corp.||PRE||5,968,364,896||322,953,042|
|Penn West Petroleum Ltd.||PWT||5,383,574,914||485,006,749|
|Vermilion Energy Inc.||VET||5,207,468,143||101,292,903|
|Baytex Energy Corp.||BTE||4,676,429,797||123,388,649|
|Peyto Exploration & Development Corp.||PEY||4,522,271,259||148,758,923|
|Paramount Resources Ltd.||POU||3,400,080,391||95,373,924|
|Pengrowth Energy Corporation||PGF||2,941,527,076||519,546,920|
|Trilogy Energy Corp||TET||2,880,030,294||91,720,710|
|Athabasca Oil Corporation||ATH||2,608,171,914||400,640,847|
|Bonavista Energy Corporation||BNP||2,465,066,058||180,590,920|
|Gran Tierra Energy Inc.||GTE||1,730,686,009||269,577,260|
|Whitecap Resources Inc.||WCP||1,611,710,231||147,592,512|
|Freehold Royalties Ltd.||FRU||1,571,310,832||66,665,712|
|Coastal Energy Company||CEN||1,559,794,179||113,604,820|
|Lightstream Resources Ltd.||LTS||1,531,397,845||195,082,528|
|Bonterra Energy Corp||BNE||1,514,511,989||30,620,946|
|Oryx Petroleum Corporation Limited||OXC||1,380,442,540||98,462,378|
|Aurora Oil & Gas Limited||AEF||1,263,037,894||447,885,778|
|Birchcliff Energy Ltd.||BIR||1,258,108,391||146,292,695|
|NuVista Energy Ltd.||NVA||851,982,821||118,660,560|
|Advantage Oil & Gas Ltd.||AAV||785,211,278||169,245,338|
|Legacy Oil + Gas Inc||LEG||778,199,806||157,212,082|
|Bellatrix Exploration Ltd||BXE||763,014,672||108,469,329|
|Niko Resources Ltd.||NKO||728,906,316||71,365,491|
|Bankers Petroleum Ltd.||BNK||662,645,028||253,886,984|
|Raging River Exploration Inc.||RRX||650,542,965||156,757,341|
|Crew Energy Inc.||CR||630,038,966||121,629,144|
|Kelt Exploration Ltd.||KEL||622,533,281||84,126,119|
|Sunshine Oilsands Ltd.||SUO||603,919,294||2,875,806,161|
|Argent Energy Trust||AET||588,267,233||49,983,560|
|DeeThree Exploration Ltd.||DTX||580,835,236||76,425,689|
|TransGlobe Energy Corporation||TGL||567,809,780||74,871,638|
|Twin Butte Energy Ltd.||TBE||567,041,260||249,797,912|
|Ithaca Energy Inc.||IAE||564,222,604||316,978,991|
|Parex Resources Inc||PXT||528,604,526||109,284,351|
|BlackPearl Resources Inc.||PXX||470,812,210||296,108,308|
|RMP Energy Inc.||RMP||463,422,261||109,556,090|
|Long Run Exploration Ltd.||LRE||414,002,892||110,107,152|
|Surge Energy Inc.||SGY||369,296,654||71,847,598|
|Cequence Energy Ltd.||CQE||350,110,738||210,910,083|
|Perpetual Energy Inc.||PMT||325,956,254||149,820,263|
|Angle Energy Inc.||NGL||321,076,768||81,651,631|
|TransAtlantic Petroleum Ltd||TNP||291,436,527||368,906,996|
|TORC Oil & Gas Ltd.||TOG||277,824,953||192,933,995|
|Crocotta Energy Inc.||CTA||276,798,640||95,447,807|
|Canacol Energy Ltd.||CNE||276,665,136||86,754,455|
|Serinus Energy Inc.||SEN||254,701,056||78,611,437|
|Parallel Energy Trust||PLT||246,052,195||53,588,685|
|Zargon Oil & Gas Ltd.||ZAR||244,491,647||30,569,731|
|Spyglass Resources Corp.||SGL||243,345,829||128,076,752|
|Chinook Energy Inc.||CKE||239,890,203||214,187,681|
|Longview Oil Corp.||LNV||233,454,457||46,878,405|
|Eagle Energy Trust||EGL||232,370,182||30,575,024|
|Tethys Petroleum Limited||TPL||218,201,885||287,107,744|
|Southern Pacific Resource Corp||STP||209,584,617||399,578,603|
|Epsilon Energy Ltd.||EPS||201,044,045||50,633,243|
|Delphi Energy Corp.||DEE||195,966,461||153,098,798|
|Equal Energy Ltd||EQU||194,875,481||36,065,910|
|Artek Exploration Ltd.||RTK||189,292,914||62,472,909|
|TAG Oil Ltd.||TAO||176,811,890||59,532,623|
|Questerre Energy Corporation||QEC||173,861,178||234,947,538|
|Santonia Energy Inc.||STE||166,201,608||102,593,585|
|Condor Petroleum Inc.||CPI||166,138,018||346,120,871|
|Oando Energy Resources Inc.||OER||148,475,068||106,053,620|
|Ivanhoe Energy Inc.||IE||141,976,555||115,324,253|
|Calvalley Petroleum Inc.||CVI||123,590,978||79,224,986|
|BNK Petroleum Inc.||BKX||122,707,006||144,361,184|
|Anderson Energy Ltd.||AXL||82,881,558||173,509,701|
|MGM Energy Corp.||MGX||81,583,663||388,493,631|
|Insignia Energy Ltd.||ISN||77,320,022||57,701,509|
|Corridor Resources Inc.||CDH||74,309,872||88,464,133|
|Arsenal Energy Inc.||AEI||70,497,794||160,222,260|
|Dundee Energy Limited||DEN||68,683,258||188,173,310|
|Serica Energy plc||SQZ||56,658,796||182,770,310|
|Sonde Resources Corp||SOQ||54,825,272||62,301,446|
|Rock Energy Inc.||RE||51,146,217||39,343,244|
|Petrobank Energy and Resources Ltd.||PBG||46,846,381||97,596,627|
|Gran Tierra Exchangeco Inc.||GTX||40,014,363||6,840,062|
|Bengal Energy Ltd.||BNG||39,430,940||61,610,843|
|Shoreline Energy Corp.||SEQ||36,684,826||7,792,556|
|Caza Oil & Gas Inc.||CAZ||31,914,349||177,301,939|
|Dejour Energy Inc.||DEJ||29,783,275||148,916,374|
|Terra Energy Corp.||TT||29,482,392||101,663,422|
|Connacher Oil and Gas Limited||CLL||29,231,786||449,719,792|
|Lone Pine Resources Inc.||LPR||28,565,476||86,562,048|
|Exall Energy Corporation||EE||26,981,094||66,864,854|
|Candax Energy Inc.||CAX||26,698,238||1,067,929,509|
|Second Wave Petroleum Inc.||SCS||24,815,783||84,121,297|
|Valeura Energy Inc||VLE||24,320,577||57,906,135|
|Jura Energy Corporation||JEC||20,722,898||69,076,328|
|Antrim Energy Inc.||AEN||15,702,141||184,731,076|
|Waldron Energy Corporation||WDN||12,811,076||40,034,611|
|Sure Energy Inc.||SHR||10,298,707||60,580,630|
|Caspian Energy Inc.||CEK||9,208,711||230,217,771|
|Metalore Resources Limited||MET||6,390,126||1,775,035|
|Heritage Oil Corporation||HOC||6,185,867||2,361,018|
Disclosure: I am long PSLRF, CEQXF, FRHLF.