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Energex

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  • Surge Energy: This 7.8% Dividend Yield Stock Will Surge [View article]
    These are my winners. Unfortunately, combined Surge and Longview shares became heavyweights in my portfolios. Was about to trim some but decided to hold. Look at the CEO! He is buying on the way up (he is averaging up).
    Jul 7 10:39 PM | 2 Likes Like |Link to Comment
  • New York cities win right to ban fracking [View news story]
    Marcellus has become a major contributor to the supply of natural gas in North America. It has also contributed to the fact that this energy source is plentiful and relatively inexpensive. So far not a major single incident reported in PA where hundreds of wells are drilled and fracked every year.
    New Yorkers should really appreciate to have such a reliable source in a very close proximity. The ban on fracking in NY will probably stay as long as there is plenty supply at affordable prices.
    Jul 3 08:21 PM | Likes Like |Link to Comment
  • Spyglass Resources: An Undervalued Energy Play Yielding 15% [View article]
    hivoltage,

    Your opinion about T. Buchanan is well known...
    What can you say about Dan O'Byrne? "Fall guy" or not, I hope he will stay independent from Buchanan-chairman and will bring some new ideas and fresh energy.
    The land market in Western Canada made a U-turn in Q2 2014 from buyers to sellers. I believe, there is a possibility for significant assets sales (at least $100 mil). For this reason, earlier this week I bought back all my shares sold about a week ago.
    Jul 2 12:13 PM | 1 Like Like |Link to Comment
  • Spyglass Resources: An Undervalued Energy Play Yielding 15% [View article]
    Q4-13 was miserable and the market wasn't impressed by $16 mil. reported in Q1-14. The average Capex per quarter is $15 + Dividend, etc. All together it exceeds the average FFO so far. They actually need to increase the Capex to develop their assets, otherwise it's a floating log.
    With another pipeline incident at Dixonville and it's entire production shut, the dividend may be be cut or eliminated. I think, banks may force it if not the new CEO who is taking over on July 1st.
    I must admit that instead of averaging down, I should have sold months ago and bought a number of other E&Ps in my portfolio which made huge gains.
    Jun 28 09:52 AM | 2 Likes Like |Link to Comment
  • How To Outlive Your Money: A Lesson From Canada [View article]
    The article has reminded us about a well known fact, don't outlive your retirement savings. Here I mean your total savings.

    I wouldn't call it a "joke", but I fully agree with 'Retailinvestor', in particular:

    "If the minimum draws are needed for spending then lowering that minimum won't change anything. If the minimum draws are not needed for spending then the cash will be invested in a TFSA or taxable account."

    Among other things, the point is that the regular taxable investment account should not be emptied as we age and proper balancing between different accounts should be considered as an important factor in retirement planning.
    Jun 16 03:56 PM | Likes Like |Link to Comment
  • Allied Nevada Gold - After Osisko, Allied Nevada Is A Prime Takeover Target [View article]
    In the meantime, I became a shareholder today. I had it on my Watchlist for quite some time... I think, ANV and Detour are potential takeover targets.
    May 30 02:14 PM | 1 Like Like |Link to Comment
  • Detour Gold Has Run Too Far Too Fast--But Don't Short It [View article]
    I am not sure if it was a bubble or a reflection of higher gold prices. in any event, Detour is a single mine operation in a safe jurisdiction so it's share price may trade with a premium as a potential take over target.
    May 20 10:06 AM | 1 Like Like |Link to Comment
  • War In Ukraine? Buy Canadian Small-Cap Oils [View article]
    I think, .975 is great and will vote for. I am long Surge and will keep adding at today's prices or less (couldn't resist, just bought some more today).
    I like it's plays and the aggressive management who seized the opportunity on adding assets in a buyers market - Longview included. Near term will probably slow down until it's all digested and will focus on drilling. Looking forward for increased dividend.
    May 15 10:14 AM | 1 Like Like |Link to Comment
  • Spyglass Resources: An Undervalued Energy Play Yielding 15% [View article]
    $35 million is 7 Noel wells, each producing about 1,000 boe, IP30...
    I think, the challenge is to maintain the dividend, not production. Dixonville is important as it provides steady cash flow. They should fully restore it's production, otherwise the dividend may be cut (banks may force it).
    Overall it's a marginal dividend E&P model. It needs a major transaction or a merger and there is a good chance something will happen.
    May 8 03:16 PM | 1 Like Like |Link to Comment
  • Spyglass Resources: An Undervalued Energy Play Yielding 15% [View article]
    HV,
    What do you think of that Glauconite well at Cessford?

    "Spyglass has successfully drilled, completed and tested, 1 (1.0 net) Glauconite light oil well at Cessford with 24-hour test rates in excess of 1,000 boe/d (65 percent liquids)."
    May 8 10:08 AM | 1 Like Like |Link to Comment
  • Enerplus: What Statoil's Q1 Results Infer For Enerplus's Q1 [View article]
    Michael,
    I agree with your view on ERF. I am holding it, however sold some recently as it doubled since mid 2012 and became too heavy on one of my accounts.
    I think, it's always good to compare E&Ps to it's peers but I would never think of Statoil...
    In any event, I am now speculating that TLM is trading close to it's lows. Short term should benefit from higher natural gas prices in North America - has production in Marcellus, EF and Western Canada. Long term would be great if they sell their assets in the North Sea. I hope, these are sellable assets and there are willing buyers, Statoil included.
    May 2 10:23 AM | Likes Like |Link to Comment
  • The Drums Of War Are Beating: Prepare Your Portfolio For An Escalation In Ukraine [View article]
    Yes, gold seems to react stronger to "the drums of tapering".
    As I said before, a good bet on "The Drums Of War Are Beating" are companies exploring and producing oil and gas in Europe. I believe, John Kerry recently said that Europe should become energy efficient...
    Another alternative is to do nothing and have some cash ready.
    May 1 10:19 AM | 1 Like Like |Link to Comment
  • Lightstream: Drilling For Value And A 9% Dividend [View article]
    Jack, River,

    John Wright's 2113 total compensation (Salary + Share based Awards + Option based Awards, etc.) is $1.72 mil.
    Compare this with Crescent Point CEO take of $12.8 mil. Yes, it's the street's darling, growing it's production, making acquisitions taking advantage of high market evaluation. However, if you look at it's chart, the stock has been moving sideways for the last 3-4 years, it's a straight horizontal wave. Is the CEO worth an extra $10 million?

    Voting No will probably send a message but it won't make any difference. Wright is a major shareholder and so are many board members. Also, I haven't heard of opposition from major institutions.

    Another question is what would a new CEO do, apart from a merger? Dealing with the current debt requires time and patients.
    On the positive end Lightstream is the least diluted among it's peers, only 200 mil. shares outstanding.
    Apr 30 10:15 AM | 2 Likes Like |Link to Comment
  • The Drums Of War Are Beating: Prepare Your Portfolio For An Escalation In Ukraine [View article]
    It is clear that the only reliable source is from North Sea (direct or associated gas) and whatever source is available in western Europe. I have already mentioned Vermillion Energy (VET) producing gas offshore Netherlands and I am looking for other companies (north-American based preferred) exploring and producing gas in western Europe.
    This may not eliminate EUs dependency on Russian gas but every effort to reduce it will be made - short and long term. The best stimulus for E&Ps is higher natural gas prices.
    Not to be overlooked is possible demand for electricity from any source - nuclear, wind and solar included. This may widen the list for an energy based portfolio, some gold and platinum included depending on individual preference.

    Putin will not back off Ukraine. It's his ambition to restore the former USSR and also his regime needs tensions (an external enemy) for it's own survival. He knows NATO will not get involved and sanctions alone will not stop him. Among other actions, EUs will be planning to become energy independent from East.
    Apr 29 10:55 AM | 1 Like Like |Link to Comment
  • The Drums Of War Are Beating: Prepare Your Portfolio For An Escalation In Ukraine [View article]
    I think, EU should reduce it's dependence on Russian natural gas. Short term, higher prices should reduce consumption and increase production. Medium to longer term, I am wondering if it is practical to build LNG plants on the east coast to supply Europe with gas from Marcellus and other shales.

    So what about natural gas producers in Western Europe? These companies should benefit from anticipated higher gas prices in the fall and winter.
    It could be giants like British Gas and others. Also, some North American companies like Vermilion Energy are active in offshore Netherlands natural gas development. I am trying to put together a list and will appreciate an input from others.

    Taking about PMs, I am holding GG, ABX and some other miners including Detour. The latter is a one mine operation in a safe jurisdiction - it may be taken over one way or another.

    And taking about politics, the desire of small East European counties to join NATO or EU is to preserve their independence. It's a defensive move against a historical superpower ruled by tsars, Stalins, etc. It is also the desire of young generation to get rid of corruption and build true democratic societies. If Russia sees this is as a threat and talks, if any, fail, then conflicts are inevitable.
    Apr 27 12:35 PM | Likes Like |Link to Comment
COMMENTS STATS
289 Comments
253 Likes