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 […]
The following is a conversation between a fund manager and me regarding Gear Energy and Raging River Exploration. This fund manager wishes understandably to remain anonymous. Both of us make interesting points on recent developments regarding Gear and Raging River. Here is the conversation. Fund Manager: I was reading your recent Raging River article and […]
Raging River agreed to merge with Baytex for a small premium. After today’s selloff, the market is saying both are better at it alone. Raging River is worth somewhere between C$7.25 and C$10.00 per share. Baytex was trading at C$5.10 last Friday, which would value Raging River at C$6.94 per share, which is in the […]
Raging River is a must for energy bulls: High netbacks, low debt, and profitable at very low prices. Conservative price target of C$7.00 per share ($55 WTI). A possible sale of the company is currently ignored by the market. Click here to read the entire article on Seeking Alpha.
Last week’s sell-off was a one time event: Stability in the oil market should return. Selling overleveraged and low netbacks oil producers. Adding to my favorite Canadian E&Ps. Click here to read the entire article on Seeking Alpha.
Last Wednesday was a test for energy investors. Did you resist the urge of following the masses by selling your energy holdings? I resisted. I added to my favorite energy holdings last Wednesday, which are Gear Energy, Point Loma Resources and Raging River Exploration. Those companies can survive low oil prices and then thrive once […]
DUCs completion rate will reverse dramatically. This scenario would lead to growth of 500,000 bbl/d. I am less inclined to say that oil will rise substantially in 2017. Click here to read the entire article on Seeking Alpha.
I raised cash after selling part of my Amaya position (I bought back some, as I said on StockTwits). To let you know: I already spent that cash on Gear Energy last week. My quick calculations were right: Gear Energy is cheap. I will be looking for a solid balance sheet just in case the […]
Buying two companies in the energy and gold sectors. Holding on disappointments such as MEG Energy and Pine Cliff. Selling and giving up on bad energy bets. Click here to read the entire article on Seeking Alpha.
14 million barrels are gone from commercial stocks. U.S. liquids inventory are at record high. OECD non-U.S. liquids inventory are slightly above normal. Data is hard to come by, contributing to the confusion. Click here to read the entire article on Seeking Alpha.