Sep. 2, 2015, 6:47 PM
- Analysts at RBC Capital add five names - CNQ, OTCPK:DTNOY, WES, WFT and EXH - to the firm's Global Energy Best Ideas List, and removes five names.
- Canadian Natural Resources is well positioned to benefit from a rebound in crude oil as the largest heavy oil producer in Canada; DNO's near-term outlook is "set to be dominated" by regular oil payments from Kurdistan; Western Gas Partners is a defensive play given its solid but with ssignificant growth potential; Weatherford is the "next man up" on the M&A front; and Exterran Holdings is viewed favorably ahead of the proposed spin transaction.
- Removed from the RBC list: CAM, MIC, PDS, OTC:SECYF, OTCPK:AOIFF.
Jan. 9, 2014, 5:12 PM
- Iraqi Kurdistan has started commercial shipments of oil through a new crude export pipeline to Turkey in defiance of the federal government, and the region’s Ministry of Natural Resources says the first shipment of 2M barrels will be sold by the end of January.
- The first exports on the route started flowing earlier this month from the Tawke oil field operated by DNO International (DTNOF, DTNOY), with output from the Taq Taq field operated by Genel Energy (GEGYF) and other producing fields entering the pipeline soon.
- Gulf Keystone (GUKYF, GFKSY), which earlier said it had started exports of oil from its Shaikan oilfield in Kurdistan by truck to Turkey, plans to achieve output of 100K bbl/day in 2015.
- Monthly flows through the pipeline to the Turkish port of Ceyhan are set to rise to 4M barrels next month and 6M in March before reaching 10M-12M by year-end.
DNO International ASA explores for and produces oil and gas. The Company operates in the North Sea, the Middle East, and Africa.
Sector: Basic Materials
Industry: Major Integrated Oil & Gas