Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Great to have you dhedges! Your insight/wisdom will be greatly appreciated! I am adding you as a moderator as well!
TGD
This company is poised to make a breakthrough. Here is the latest earnings report hot off the wire.
http://biz.yahoo.com/iw/080514/0397432.html
Please note the following just spoken by our CEO, Craig McKenzie, former President of British Gas in Trinidad; and who has worked with Lord Browne of BP:
Speaking today, Craig McKenzie, Canadian Superior's Chief Executive Officer, said "Our corporate objective is to remain focused on adding shareholder value with high impact offshore exploration in Trinidad, combined with growing cash flow from Western Canada. We are pleased to report that in the First Quarter of 2008 our average daily production, oil and gas revenues and cash flow from operations have all increased over the same period in 2007. We expect for the remainder of this year will be very exciting and rewarding for Canadian Superior shareholders."
Sure looks like Greg/SNG are getting this done at just about the perfect time after all...seems the delays weren't all that bad given the increased prices they are likely to receive for all that gas!
So, this is I-Hub. Interesting. And, my buddy the "Dane" is moderator. Great!!
Here's an LNG article I came across over at the "other" board that SNG investors will like.
http://www.latinpetroleum.com/new/newsdetail.php?cid=26&art_id=3487&content=F&aid=3487
Thanks! Most of the people at the Investorvillage board are bitter and don't know how to have fun, and they even threaten people - they must be stressed out - they report abuse on the innocent people. And, then the owners of IV, are backwards people, they ban people who own shares and are excited about the company, and then they allow people (like sayheyno) who lost all of his money on Mariner to literally bash the company for years - what a bunch of losers over there!
p.s. CHECK OUT THE IBOX - YOU WON'T BELIEVE WHAT YOU R ABOUT TO READ ON THE MG BLOCK!!!!!!!!!!!
GODSPEED!
THE GREAT DANE
Very nice job with this! Been into SNG for quite awhile but dropped off this board due to the lack of interest. Board mark added and hope to see some more folks come on board for the ride. Many years ago got to fly out to a drilling ship with my dad and that memory just makes this all the more exciting. The 5 well program has a great chance of hitting 100%, and if they do...wow! BG will operate 5c after the third well so tie-in and production should be sooner rather than later. $$$
Also, I must point out:
If you like more risk, but much more reward - check out CHQ, which is drilling with SNG & BG:
CHQ pays 33.3% of costs for 25% interest, but CHQ has much less shares outstanding.
Greetings and Salutations!
After the end of the 2nd quarter 2007 the Corporation received an exploration
and development license from the Governement of Trinidad and Tobago on the
Mayaro-Guayaguayare block (MG Block) and as a result is committed to drill two
exploration wells on the block in a joint venture with the Petroleum Company of
Trinidad and Tobago Limited ("Petrotrin"). The first well has to be drilled to a
depth of 3,000 meters by January 2010 and the second to a depth of 1,800 meters
by July 2010. The corporation estimates that its share of the cost of these
wells to be in the range of $15.0 million per well,
Did you mean the 2nd well of 3 wells to be drilled on 5c??
Check out the ibox, new info, with a much more simple chart - take a lQQk at the Big Green Mountain! Much more updating to come! Enjoy!
There is only 5 boardmarks, this company is flying under the radar, and has a great chance to reach over $10 per share within a year.
This 2nd well (Bounty) of the 5 well drilling programme offshore Trinidad will be completed in less than 30 days, and has potentially several TCF. The 1st well came in at 1.1 TCF and helped the stock price a lot. This company is well ahead of the competition.
Gas and $$$...its been a long time coming, but IMO we are about there. Hope you picked up some CHQ to go with the SNG.
Jury's still out, but this could be big!
CALGARY, ALBERTA--(Marketwire - Dec. 4, 2007) - Canadian Superior Energy Inc. ("Canadian Superior") (TSX:SNG) (AMEX:SNG) and Challenger Energy Corp. ("Challenger") (TSX VENTURE:CHQ) (AMEX:CHQ) announced today that drilling operations are in progress in the final section of the "Victory" well offshore Trinidad, in the 8-1/2" hole section, currently drilled to a depth of approximately 15,811 feet this morning. This final section is scheduled to be drilled to a total depth of approximately 16,000 feet.
Speaking today, Craig McKenzie, Canadian Superior's Chief Executive Officer, said, "We are presently drilling in the final section of the 'Victory' well that contains the main targets of the well. We look forward to finishing the drilling of this final section of the well over the next two to three days and commencing further operations on the well, including open hole wire line logging. Further updates on the well will be provided in due course."
Canadian Superior's joint venture partners in the "Intrepid" Block 5(c) Project are BG International Limited, a wholly owned subsidiary of the BG Group plc (LSE:BG.L) and Challenger Energy Corp. ("Challenger") (TSX VENTURE:CHQ) (AMEX:CHQ). The Kan Tan IV semi-submersible drilling rig drilling the wells is operated by Maersk Contractors and owned by SINOPEC has been contracted by Canadian Superior to drill a multi-well program of three (3) back-to-back exploration wells, "Victory", "Bounty" and "Endeavour" on the "Intrepid Block 5(c) located approximately 60 miles off the east coast of the island of Trinidad.
Canadian Superior is a Calgary, Alberta, Canada based oil and gas exploration and production company with operations Offshore Trinidad and Tobago, Offshore Nova Scotia, Canada and in Western Canada. See Canadian Superior's website at www.cansup.com to review Canadian Superior's operations in Western Canada, Offshore Trinidad and Tobago and Offshore Nova Scotia interests. Canadian Superior has approximately 20,000 shareholders worldwide, including some of the top institutional shareholders in North America.
Challenger Energy Corp. is a Calgary, Alberta, Canada based oil and gas exploration company which is currently focusing on "high impact" oil and gas plays offshore Trinidad and Tobago and offshore Nova Scotia. (See Challenger's website at www.chaenergy.ca).
This news release contains forward-looking information, including estimates, projections, interpretations, prognoses and other information that may or relates to future production, project start-ups and future capital spending. Actual results, estimates, projections, interpretations, prognoses and/or estimated results could differ materially due to changes in project schedules, operating performance, demand for oil and gas, commercial negotiations or other technical and economic factors or revisions. This news release contains the reference to the term "undiscovered natural gas resources", which are those quantities of natural gas estimated to be contained in accumulations yet to be discovered. There is no certainty that any portion of the undiscovered resources will be discovered and that, if discovered, it may not be economically viable or technically feasible to produce.
Statements contained in this news release relating to future results, events and expectations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks, uncertainties, scheduling, re-scheduling and other factors which may cause the actual results, performance, estimates, projections, interpretations, prognoses, schedules or achievements of the Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, those described in the Corporations' annual reports on Form 40-F or Form 20-F on file with the U.S. Securities and Exchange Commission.
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian Superior Energy Inc.
Investor Relations
(403) 294-1411
(403) 216-2374 (FAX)
Website: www.cansup.com
Canadian Superior Energy Inc.
Suite 2700, 605 - 5th Avenue S.W.
Calgary, Alberta
Canada T2P 3H5
Challenger Energy Corp.
Dan MacDonald
CEO and President
(403) 503-8810
(403) 503-8811 (FAX)
Website: www.chaenergy.ca
The boys should be just about finished drilling ' Victory ' to that 16,000 foot depth......
Sold it and bought TIDE and CAU
TY I was just impressed with the last 2 days. I have ben here long.
IMHO you ain't seen nothing yet! BG deal, BG T&T ex president becomes new SNG CEO. Already drilled to TD once so they know something about what's there. Almost back to TD and have wire line tested to almost 14000'. Looking more like a (big) winner every day. GLTY
Another great day this is wonderful.
Nice start on the news. Lets see if it goes for a few days.
Well IMO the whole group is about to go so I have been buying. I sold a little bit of my golds today bbut did add MMG and CUSIF
You will find best board for SNG at Investors Village. Since I no-longer own any PRVB I try not to post there. Maybe when some of the "issues" are resolved. I'm currently in SNG, HMGP, and ALRY. Since you mentioned APXR I'll take a look. GL
Is anyone else buying here?
Back in today at 2.78
Go to Investors Village message board for lots of info A very active board with savy SNG investors
It has been a long time waiting for liftloft. They sky is the limit
Ty it sure looks good and I have been adding.
The rig and upward momentum should be moving together any day now.
Looks like we pop today.
Added today looks ready for stage 2.
Still looks great.
I added today we should be close to a break out.
Nice gain ahead of news!!
Looks good maybe a big break out today.
Added the past few days and sure looks like it wants to see new highs.
May add sure looks great.
thanks Gateway,,,looked back earlier at company results from the end of summer...It looked like they were recieving about the same for Natgas sales then as it was before it recently started a small rise...Oil prices were higher but doesn't impact as much of the company's overall results...Just a fwiw...LJ
Canadian Superior Becomes Largest Offshore Exploration Holder Offshore Nova Scotia With New "Falcon" and "Osprey" Acquisitions
Canadian Superior Energy Inc. ("Canadian Superior") (the "Company") (TSX: SNG) (AMEX: SNG) announced today that its offshore Nova Scotia exploration acreage holdings have increased to 2.59 million net acres with the addition of the EL2412 and EL2413 deepwater blocks previously held by Richland Minerals, Inc. of Southern California. These two blocks have been named the "Falcon" and "Osprey" Blocks, and are EL2412 and EL2413, respectively, and complement Canadian Superior's "Mayflower" (EL2406), "Marauder" (EL2415), "Marconi" (EL2416), "Mariner" (EL2409) and "Marquis" (EL2402) exploration blocks. This now results in Canadian Superior becoming the largest exploration acreage holder offshore Nova Scotia.
Canadian Superior as the largest exploration acreage holder offshore Nova Scotia is planning further drilling on its "Mariner" (EL2409) Block near Sable Island later this year. Speaking from Calgary today, Canadian Superior's Chairman, Greg Noval, said, "The new acquisitions also complement Canadian Superior's deepwater holding and as a result of this they should also inspire further deepwater drilling offshore Nova Scotia."
Canadian Superior is a Calgary, Alberta, Canada based oil and gas exploration and production company with operations in Western Canada, Offshore Trinidad and Tobago and Offshore Nova Scotia. See Canadian Superior's website at www.cansup.com to review Canadian Superior's operations in Western Canada, Offshore Trinidad and Tobago and Offshore Nova Scotia interests.
This news release contains forward-looking information on future production, project start-ups and future capital spending. Actual results or estimated results could differ materially due to changes in project schedules, operating performance, demand for oil and gas, commercial negotiations or other technical and economic factors or revisions.
Yes...Greg is known for chasing elephants. Let's hope this time he gets one!
hillzman, this one has been looking undervalued versus a lot of other companies in their industry for several years...They could easily slow down spending to show better profits and boost the share price a lot in the short term...But they appear to have kept their focus on an investment in what may be much more rewarding for the longer term...Could be the year of the elephant...So I would agree that it is a good entry price area to see what does develop going forward...GL...LJ
Hi, there are active boards for SNG on Investor Village and Yahoo. I've been in and out of SNG for a couple of years, but can't claim any exceptional profits! Anyway, price action over the next few months will be affected by upcoming drilling of their lease 5c in T&T. Next news of note should be completion of refurbishment of the Kan Tan IV prior to it going to T&T to drill the first exploratory well. Recent sp <$2.00 USD has IMO presented an excellent buying opportunity to play the T&T drilling program. GLTY.
Nice upturn...Was there a small drawdown in weekly natural gas storage figures reported on Thursday?...LJ
Rebound potential with a rise in natural gas prices...LJ
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
432
|
Created
|
03/20/06
|
Type
|
Free
|
Moderators |
Canadian Superior Energy Inc.
Investor Relations
(403) 294-1411
(403) 216-2374 (FAX)
Website: http://www.cansup.com
Canadian Superior Energy Inc.
Suite 2700, 605 - 5th Avenue S.W.
Calgary, Alberta
Canada T2P 3H5
Reknown oilpatch veteran Clay Riddell is making a big investment in Canadian Superior Energy Inc. (TSX:SNG), a Calgary-based natural gas producer that has seen a great deal of upheaval in the past year.
"I´m excited about their project in Trinidad," said Riddell in an interview, referring to an offshore block believed to contain between three and five trillion cubic feet of natural gas.
When asked what about the offshore Trinidad natural gas field piqued his interest, Riddell said bluntly: "It´s big."
A long-time investor in Canadian Superior, Riddell had been following the evolution of exploration Block 5 (c), in which Canadian Superior used to have a controlling stake.
After a series of developments over the past year _ including a dispute with one joint venture partner and the takeover of another _Canadian Superior now has a 25 per cent interest in the field, which is believed to contain between three and five trillion cubic feet of natural gas.
Canadian Superior said Friday it plans to raise up to $50 million through a non-brokered private placement issue of up to 96.2 million common shares. The company said it will issue the stock at 52 cents each.
Shares in the company soared 15.7 per cent to 59 cents on the Toronto Stock Exchange on Friday.
The financing is slated to close Jan. 14, and the money raised will be used for exploration and development and for general corporate purposes.
Treherne Resources Ltd., a private company controlled by Riddell, has subscribed for $20 million of that private placement.
Riddell, or someone else from Treherne, was offered a spot on Canadian Superior´s board, which was overhauled at the behest of a major shareholder in September.
"I´ll have such a large interest in the company and I´d like to participate in how it goes forward," Riddell said.
The Riddell name is well known in Alberta´s oil and gas industry.
A geologist by trade, Riddell founded Paramount Resources Ltd. in 1974, which has since been spun off into different firms.
His daughter Sue Riddell Rose runs Paramount Energy Trust (TSX:PET.UN) and his son Jim Riddell is chief utive of Trilogy Energy Trust (TSX:TET.UN).
He is also the chairman and chief utive of another company he founded, Arctic natural gas explorer MGM Energy Corp. (TSX:MGX).
In February, a partner in the Trinidad block, U.K.-based BG Group, persuaded an Alberta judge to put Canadian Superior´s stake under the control of a receiver.
BG had feared final testing and completion of a well would not be completed, given the financial problems of Canadian Superior and a third partner in the project, Challenger Energy Corp.
A month later, Canadian Superior and Challenger both filed for protection from creditors under the Companies´ Creditors Arrangement Act.
In May, Canadian Superior sold its 45 per cent stake in the Trinidad field for US$142.5 million to BG Group.
And then in June, Canadian Superior agreed to merge with Challenger in a friendly deal worth $77.8 million.
Canadian Superior explores for and produces oil and natural gas and is developing a liquefied natural gas project.
In addition to its venture in Trinidad and Tobago, Canadian Superior is also active in Western Canada, North Africa, off Eastern Canada and the United States.
Read more: http://www.oilweek.com/news.asp?ID=25666#ixzz0aCZmzsQU
Link - http://www.docstoc.com/docs/document-preview.aspx?doc_id=19896609
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |