Corridor Resources has seen a major improvement in the fundamentals of its business, namely the election of a Progressive Conservatives government. Bruce Northrup, MLA for Sussex-Fundy-St. Martins, said it wants a fracking bill by Christmas. The community there has always supported shale gas development. Corridor operated in the area for 15 years before the enactment […]
Simply letting hedges expire should double cash flow. Management bought back more than 20% of the company at a depressed price level. The company has a massive Duvernay position and will be developed by a reputable operator. Click here to read the entire article on Seeking Alpha.
I took profits on Altura Energy on Wednesday. Of course, the company announced excellent operational results the next day. I feared I missed another good opportunity to do nothing instead of selling a good stock. Source: StockCharts.com The market’s reaction was positive. However, the bump was gone by Friday. The stock still looks weak in […]
That was a quick profit. My take is LNG Canada won’t need gas for some time. It will be years until construction is completed. Therefore, natural gas prices will remain depressed. We could however see a bump in natural gas prices come winter. Natural gas storage is running low currently. Not for republication on Seeking […]
I added Bellatrix Exploration this morning. I figured Bellatrix would ride the speculation surrounding LNG Canada just like other Canadian natural gas stocks. This position is smaller than the one in Peyto Exploration I established two months ago. Be careful. It’s not a long-term hold. Disclosure: I am long BXE. Not for republication on Seeking […]
As of now, the Progressive Conservatives, lead by Blaine Higgs, were ahead with 22 elected representatives. New Brunswick Liberals followed with 21 seats. Majority is 25 of the 49 seats of the Assembly. Results are not official yet as some ridings were won by less than 10 votes. Bryan Gallant, the leader of the NB […]
I still believe Corridor Resources is a cheap way to bet on the results of the New Brunswick elections tomorrow. However, no clear winner is emerging, despite waiting a month for a clearer picture on today’s elections. This option is cheap for a reason. Nonetheless, the story of the company is interesting to know whether […]
The dividend is kept, for better or for worse. Debt has now reached a critical level. Granite will halt drilling to preserve liquidity. Click here to read the entire article on Seeking Alpha.
I was out of Gear Energy, as you know, and MEG Energy. My timing was, for once, good. I took profits. On the other hand my timing on Granite Oil wasn’t good. Source: StockCharts.com I sold Granite at a rock bottom price. It was frustrating as the stock was at C$3 per share a month […]
It’s not looking good for Gear Energy. Source: StockCharts.com The current capitulation is due to the fall through the 50-day moving average. The stock will test the C$1.10 level next. Disclosure: I am long GXE. Not for republication on Seeking Alpha.