Athabasca Is A Golden Long-Term Opportunity

  • Substantial acres in Alberta in both the oil sands and light oil.
  • Focusing on more profitable light oil properties for a self-funded business in the medium-term.
  • Very good balance sheet in the short-term and lots of funding available.
  • When the value of the properties unlocked, finding a partner to develop the massive acreage will be easier.

Click here to read the entire article on Seeking Alpha.

Alfa And Harbour Buy Pacific Rubiales Energy For An Opportunistic $6 Per Share

  • Speculation ended last night as Pacific Rubiales is being bought at around $6 CAD per share.
  • This offer is at the low end of the valuation I discussed in my previous article.
  • With the oil market slowly recovering, I would expect better returns holding on to the stock for the longer term instead of letting go at this price.

Click here to read the entire article on Seeking Alpha.

Look For A Short-Term Pullback In TransGlobe Energy

TransGlobe Energy had a great run in the past month, following my articles on Seeking Alpha. However, on a technical point of view, you should expect a short-term pullback. As such, I believe it is time to sell the stock and buy it back in the short-term afterwards.

TGL June 10


Indeed, it seems that the stock couldn’t break the C$5.40 mark. Furthermore, the MACD is about to cross downward. The stock might test the 200-day moving average again in the short-term.

Disclosure: I am long TGL.

Pacific Rubiales – Preview Of Q1 Results

  • Oil sales from the first quarter will be around $786MM.
  • PRE will have a positive cash balance for the first quarter on lower capital expenditures.
  • There won’t be any debt maturing before the fourth quarter of 2016 with the new debt profile of the company.
  • PRE will increase its cash position by taking on more debt.

Click here to read the entire article on Seeking Alpha.