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.
Ucore $UURAF aims to start construction of rare earths facility by ‘23
https://alaskajournal.com/2021-05-12/ucore-aims-start-construction-rare-earths-facility-%E2%80%9823
I asked once before that you not tag my posts with your spam. You are an unmmitigated slimeball.
$NAK The Pebble Project is the most significant undeveloped copper and gold resource in the world.
https://instituteforenergyresearch.org/renewable/pebble-mine-could-reduce-dependence-on-china-for-critical-metals/
You're very welcome. I sold some stuff today to buy some IPO and GXE and then lo and behold the magic of my purchasing intentions has worked magnificently
Now I know why ITE twitched
Stop tagging my posts with your spam. You are a leach and a hack.
$IDEX Fintech Blockchain with Electric Vehicles
In spite of calls for an energy cycle top, Surge puts on a new burst: https://stockcharts.com/h-sc/ui?s=SGY.TO
IPO.TO vs. GXE.TO
This ceo.ca poster is who alerted me to IPO.TO. Here is a comparison he made between them from May 21
https://cdn-ceo-ca.s3.amazonaws.com/1gafued-Screenshot%202021-05-21%20111904.jpg
GXE.TO Huesos IPO.TO
FYI - I had a big position in GXE. I sold down half and rationalized other positions and have IPO.TO now as my largest single portfolio position.
My portfolio is pretty much all Canadian oil producers too.
Check out the last week of posts on the IPO board over at CEO.CA. I’m now posting there under the handle energyrealist as I lost my old dr_airtime login.
You’ll see my thesis in the most recent posts. IPO.TO is a small producer like GXE.TO (5000 boepd), but I bet IPO.TO is the cheapest oily (>60%) producer on the TSX/Venture. EV/boepd around $C 25,000/boepd at today’s close.
If you click on my id (energyrealist) you’ll see my latest posts on all boards. Most are on IPO.TO recently.
I kept a big slug of GXE.TO (like $C 50,000) cuz the chart looks so damn good!
CEO IPO Board
GXE.TO Based on price action alone, this looks to be able to resume the upward stair step price action shown so far this cycle. Anyone with the good sense to stay long is going to reap the reward.
https://stockcharts.com/h-sc/ui?s=GXE.TO
ITE. This bloated share structure is a problem. I sent the company an email that I sure will go straight into the garbage can but at 3.5 est '21 earnings it would be more accretive return of capital to repurchase shares vs paying out a dividend.
Who is it that is out there dumping shares? Feels like there is a LOT of cheap stock that is being dribbled out.
So long as the outlook maintains this will be a long term holding. Not stoked that my entry pre-NR is now underwater.
ITE.TO podcast
Here is a podcast with the CEO from Friday. Gives a nice status update on plans through March 2022.
https://www.voxmarkets.co.uk/media/60952d81017903524c8e097b/
Pick 4 Contest #14 Deadline Less than 6 Hour Away.
Remember to get your picks in. Below is the link to the board.
https://investorshub.advfn.com/Pick-4-Contest-No-14-39440/
ITE.TO - Guidance of $31M NI for '21 or ~4 cents USD per share. So the stock is trading around 3.5x '21 earnings estimate and a 8-9% dividend.
The stock is trading at 0.135 cents USD.
All that said there are close to 800m shares out. F'ing bloated O/S. Would be better if they repurchased shares than paid a dividend at this point.
ITE.TO Do you feel like you have a good understanding of what is. Being restructured on the BS and how it is going to be done without impacting equity (eg crunchdown)?
Congratulations to all those long GXE.
GXE.TO
Took a few months but GXE basically consolidated flat at $0.50 for two months and just exploded + 30% today on Eric Nuttal's top pick from last Friday. GXE was formerly (as of last Friday) the cheapest producer he covered on an EV/FFO or EV/CF basis.
Didn't sell any on the pop. I think we'll open a bit down tomorrow but GXE will keep moving up in 2021.
"I mad all my money sitting still" - Jesse Livermore.
I haven't been trading this oil price rally at all. Only movement I have done is to sell leaders like WCP.TO, VET.CO, CPG.TO and move it downmarket into the smaller proucers like GXE.TO, SGY.TO and ITE.TO.
SGY.TO is due for a bounce upwards this week. Still waiting on ITE.TO to move but as soon as market wakes up to ITE.TO it will be a very, very good day for me!
Eric Nuttal's current outlook: https://www.bnnbloomberg.ca/eric-nuttall-s-top-picks-april-30-2021-1.1597554
Pick 4 Contest #14 Board is up.
Remember to get your picks in. Picks must be in before the market close on Friday 5/7. Below is the link to the board.
https://investorshub.advfn.com/Pick-4-Contest-No-14-39440/
ITE - Nope. I called the Fidelity international trading desk and asked them to search. No ADR and no foreign OTC
It trades on London, German, and Canada exchanges but not in the US (surprisingly)
Does ITE have a USA symbol?
I was a large part of the volume today after reading more into this.
Seems like a good one to sock away into the retirement account and forget about for awhile
ITE.TO
Since it was essentially a new issuer in Nov 2020, i think they only have to report their fiscal Q1 (Jan-Mar 2021) by May 17. Perhaps there is an exemption and they don’t need to report 2020 audited FS for the full yeae because of TSX listing timing. We will get audited FS for the year on the AIM by June 30 I believe.
OSC TSX & Venture deadlines
ITE - nearing the end of April and nothing from the company other than notice of a (big) warrant exercise (no doubt b/c of dividend) and a notice on the dividend.
Any thoughts as to the delay, warrant exercise, dividend plan, etc?
TIA
ITE.TO I am trying to confirm that the current dividend yeild is 6.7%. Not having any luck yet.
Some Hydrogen picks
This Seeking Alpha article describes some possible investments in hydrogen
https://seekingalpha.com/article/4410149-how-to-invest-in-hydrogen-part-2-top-picks
The P/Es of many of these stocks are a bit too high for me. So I play hydrogen indirectly by investing in platinum/paladium producers: these metals are used as catalysts in hydrogen production. SBSW is not a microcap, but it meets the "value" threshold, and pays a dividend. It is a top two producer of platinum and paladium. It also produces Rhodium, Indium, and is a 1,000,000 oz/year gold producer.
Anyone have any hydrogen energy / vehicle plays?
ITE.TO - locked and loaded.
Have $CAD 100k in ITE.TO mostly in TFSA accounts looking for a multi bagger this year. Good introduction presentation linked below. Here are some highlights. Reminder that Market Cap is CAD 133mm. Net Debt should come in <CAD 40mm when they report year end in a couple weeks*
*unless there is an exemption to delay past Mar 30 as dual AIM-TSX listed entity.
Gain (9000 boepd) and Toscana (1000 boepd) acquisition notes from Proactive Presentation below
- Toscana: 1000 boepd producer but gave them a management team in Canada.
- Gain & Toscana - bought assets for <$3000/bbl. Stupid Cheap.
- They do have more gas than oil in portfolios
- 500 production wells from Toscana/Gain assets currently.
- 200 drilling locations with IRRs>50% at WTI $55 at Clearwater.
Cleawater has gone from zero to 30,000 boepd in 3 years in WCSB (think Tamarack Valley TVE.TO is biggest player here)
- 18 different production facilities that came with Gain Acquisition. Operated infrastructure. 120 MMSCFSD, 20,000 boepd capacity in Gain Infrastructure. Also generate $2mm/year in 3rd party revenue. Easy path to 200-250% production growth.
- Have maybe 1 billion barrels of OOIP at Clearwater Acreage. Heavier Crude. Drill, complete and tie-in in 30 days. Wells cost ~$1.5mm come on at 300-500 bbls/day.
December Proactive Presentation
ITE.TO Update (also there is an OTC ticker apparently)
Bought most at 0.155 and at 0.19 it has grown into my second biggest O&G position. I also sold down some of my larger intermediate caps up big (CPG, MEG) to buy ITE. CPG was formerly largest position.
This guy Doc Jones on CEO.CA released a diligence report that arguably was the first public analysis of this company. His twitter account blew up overnight and volume on AIM and TSX ramped starting last Friday.
Market is still going to wait till a) they see a presentation from the company outlining what Dr. Jones has pulled up and b) a balance sheet post merger reflecting the new company which is i) old i3 energy (north sea assets) ii) Toscana (old 1000 boepd venture junior) and iii) Gain energy (8000 boepd producer owned by Canadian pension OMERS who jettisoned it during oil bloodbath and anti-carbon sentiment peak of 2020).
Doc Jones Report that Woke up ITE this week
ITE in Canada is all about the Clearwater play. Assumption is that ITE's development will look like TVE.TO's. TVE's corporate presentation is down but I'll post next week.
Also - it should be noted that two of the board members of ITE are from the IONA energy failure (TSXV listed North Sea Junior that went bankrupt, but really due to factors our of their control - minority interest, oil prices down 45% YoY, funding partner that backed out). I think this is a GOOD THING this time as they won't want to screw up the second time and IONA was a worst case scenario. Also check the pedigree of the CEO - former Managing Director - Corporate Finance of First Energy - biggest energy investment bank in Calgary - now Steiffel First Energy.
Board
Graham Heath And Neil Carson are IONA team (latter founded Ithaca Energy).
Volume on I3 looks positive.
What a rally! + new company I3 energy
Rally of a lifetime for me as family's portfolio has been 90% oil producers since oil price started climbing in November! Opportunity of a lifetime in oil market really playing out which was original thesis.
Haven't tried to trade at all including (unwisely perhaps) not taking anything off the table before yesterday's OPEC meeting.
Anyways - here is a producer that is off everyone's radar as I think they were originally an AIM junior that only listed on the TSX in November after an acquisition of 9,000 boepd from privately listed Gain Energy that was perhaps also rationalizing assets during the downturn.
i3 Energy IET.TO. They also have an AIM listing that may be more liquid? As of today they trade at a $C 98mm Market Cap and as of June 2020* they had £15mm or $C 27mm of notes/debt issued for an EV of approx. $C 125mm with current Alberta/Saskatchewan production of 9,150 boepd (41% liquids) so are trading at $C 13,700/boepd (EV/boepd) on production below plus it looks like they have a nice North Sea discovery with a P50 STOIIP of 197MMbbls. They have logging results in a PR and the presentation so perhaps they drilled an exploration well but need a partner (and a permanent platform) to turn it into a producer. Icing on the cake.
*last set of public FS from mid-year 2020 per AIM semi-annual reporting requirements only
This is last PR.
i3 last ops release
This is last Corporate Presentation.
Presentation
Hard to find but this is last set of FS I found. Didn't search SEDAR but didn't find anything disclosed via stockwatch since i3 traded on the TSX.
June-20 AIM Report
It would seem that the SGY and GTE boards on CEO really illustrate the nature of the CEO website as a whole. The fact that there was little activity prior to your buy shows that there is very little original thought going on there. The whole thing was designed as a promotional space for the Canadian resource sector. I think it is best to use any info from the site as a starting point only. At the current time, my largest position is in CNQ that I have had for years resulting from a buyout of Ranger oil decades ago. I am looking for a whopping stock market correction coming up that will drive down the best names with the worst names and actually give a substantial opportunity in both energy and metals. Many make the attempt to call a top and few succeed but it looks like things are lining up to be one for the record books.
GXE.TO (Huesos)
..Huesos I think you have joined a few of my positions! I find the CEO board is a good indicator of astute retail Canadian resource industry interest. It was pretty quiet when I bought SGY and the GXE board does not have any real posts since early December.
Volume has picked on GXE. It will explode higher like SGY within a week IMO.
Just posed some questions on the CEO.CA board if anyone wants to follow. Only red flag for GXE is the large abandonment liability but the market will not care about this in 2021 IMO.
CEO GXE Board
SGY - next one GXE.TO
SGY should be a big winner for me. I should have bought more. Oops!
FYI - I just traded some of my largest cap intermediate Canadian oil producers that have been big winners (CPG - Crescent Point, MEG) today that turned into outsize positions in certain accounts for this little Canadian producer:
Gear Energy GXE.TO.
Just looked and ended up buying 205,000 shares across accounts this morning!
Basically all the small Canadian oil producers went stratospheric last week and today while the larger caps have not as much. Small Cap space playing catch up.
This is a catch up-trade for little 5000 boepd oil producer with low costs and some of lowest relative debt in the Alberta Oil Patch (only ERF.TO/ERF may be lower).
Read the last PR and then flip the presentation below and then look at the chart and my buy should be crystal clear.
Last Press Release
Presentation: see slides 3, 9 & 18
*See Slide 9 for Dec-21 FFO/Net Debt @ WTI $60
*Also see slide 18. I bet at Feb 8 Strip prices Gear will do $CAD .40/share FFO in 2021 (Slide 18 at January 8th strip). It is trading at just north of $CAD 0.30/share ($CAD 61mm market cap) with $CAD 61mm of Net Debt. Quick math and GXE.TO is at 1.6X 2021 FFO/EV today. Stupid Cheap.
Note I did not do the calculation before I bought 200k+ shares but am now glad I did! This is why I like posting here as it forces you to write out your thesis...I would go and buy some! Easy to get filled today.
SGY moved up on friday on some fairly significant volume.
GTE is firing. Up 47%. How's that for predicting the future?
SU appears to yield 3.58 %. The all time.high was above 70. Seems like a solid speculation at this point.
One more thing (Bullish)
Suncor SU.TO one of largest public cos on TSX, formerly largest oil producer (now second I think after CNRL-Husky merger underway) has had a golden cross.
This is the go to no brainer name for generalists looking for oil exposure. Very good for all the mid and small caps I own!
Largest Energy COs Canada
Bought SGY.TO
Sold half of a an oversize position that doubled in MEG.TO which should have been a leader, and was.
Just take a look at the chart and if oil market stays flat to up I think SGY will get bid up to fill the gap at 0.60 to 0.75.
So I’m moving down into a smaller oily producer doing 17k boepd now at maybe 70% oil and NGL with a 20% corporate decline rate.
They have a lot of debt and company was going to be forced to sell but that pressure has been alleviated now. Jusf read the Q3 PR a couple times.
Thoughts posted here tonight. Board quiet. Very few Candian oily producers that haven’t leaped yet in 2021 and this is one!
CEO Board
That is the most useful chart posted in a while. Thanks.
That is the most useful chart posted in a while. Thanks.
Pick 4 Contest #13 Picks Deadline Today and Less Than 7 Hours Away.
Remember to get your picks in. Picks must be in before the market close. Below is the link to the board.
https://investorshub.advfn.com/Pick-4-Contest-No-13-38836/
Pick 4 Contest #13 Board is up.
Remember to get your picks in. Picks must be in before the market close on Thursday 12/31. Below is the link to the board.
https://investorshub.advfn.com/Pick-4-Contest-No-13-38836/
It was a sincere question. I couldn't find the US symbol for WMK.V
ie: TracX Holdings symbol TKX.V / TKXHF
Why waste space on this thread with your nonsense?
Yes, if you put the .V on it, lol. Is there a US symbol for it?
WMK.V is it reasonable to assume that most people here will recognize that most stocks discussed here are Canadian?
The Junior Energy board is designed to highlight undervalued junior energy stocks. Commodity prices are going to be volatile and difficult to predict even though the fundamentals point towards higher prices. To help offset the volatility in prices, we are looking for strong increases in production and low price to cashflow or p/e ratios.
Uranium stocks are more difficult to handicap because there are so few producing companies and even fewer profitable companies. To help narrow the search, we will focus on near term producers that have defined deposits and have goals to produce uranium within the next three years.
Many energy stocks are listed in Canada. That is especially true of uranium explorers. However we will discuss any stock that can be traded in the US and Canada thru direct listing or a pink sheet alternative.
Bobwins
Favorite oil plays:
Sundance Energy Australia Limited SEA.ax/SDCJF.pk
S.O 276.7 M
Sundance has assembled 115,450 net acres in various shale oil plays in the US. Their holdings are focused in the Bakken and Niobrara. Company philosophy is to buy the land early and cheap and then sell to bigger JV partners who pay a majority of the cost of drilling. This reduces risk and costs to Sundance. During 2011, Sundance and it's partners will be drilling up to 114 Bakken wells. Sundance exited 2010 around 1,000boepd and is forecasting a 2,000boepd exit rate for 2011. The Niobrara is the next big opportunity for Sundance. They have sold land to Noble Energy with a 3.7% ORRI and JV'd a small parcel with Halliburton. Right now they have a higher working interest in the remaining Niobrara acreage but could sell down more to reduce risk. Sundance also has another early shale oil play in the Atoka, which is in Colorado. May be some exploration by others in the area in 2011. Pawnee is a new area in Kansas/Oklahoma that Sundance has just entered. Sundance has a nice land package in several areas. Their mgmt is excellent and has been grown the company in a low risk way by selling land and working interest to lower cash requirements. As production is increasing, cashflow will provide much of the funds needed to drill and acquire land, reducing the need to issue shares.
http://www.sundanceenergy.com.au/ http://www.sundanceenergy.com.au/2011/03.07.11-SEA%20March%20Roadshow%20Presentation.pdf
Mart Resources MMT.v/MAUXF.pk
S.O 335.5 M F.D. 342M
Mart Resources is a Canadian producer working exclusively in Nigeria. They have been developing what Nigeria considers a marginal field,Umusadege. Umusadege production has grown significantly over the past two years as Mart drilled UM-6 and 7 in 2010 and each tested multiple zones with test results over 10,000bpd each. Each is producing in the 3,000 to 5,000bpd range with several zones behind pipe. UM-8 is being drilled in July 2011 and should be completed and producing by late 2011. Gross production for the field should move over 10,000bpd. Recently Mart has suffered from takeaway pipeline capacity problems. They had an outage in December 2010 when the pipeline was damaged in an explosion. That caused a shutdown for several weeks. Mart still got the revenue from the pipeline company and had to make it up during Q1 2011. With the new wells coming online, Mart has tried to arrange for more capacity. They had a preliminary agreement to boost takeaway capacity to 20,000bpd gross from AGIP, the pipeline operator. Recently they were told the fee for pipeline losses would jump from 1 to 1.5% to over 11%. Mart refused to pay and AGIP has restricted capacity back to the original agreement of around 8500bpd. Mart is negotiating with Shell to build a second pipeline but is at least 1 year away from having a second option. There is likely room for negotiation with AGIP but this takeaway capacity is a crucial near term issue for Mart. In addition to several more development wells at Umudasege, Mart is actively trying to secure additional marginal fields that Nigeria is putting up for bid.
Mart is an undervalued producer. The Nigerian location is a negative as well as the dependence on Umusadege field for all their production. However the production could grow to as much as 30,000bpd gross in 2012 so the company has near term upside. Mart is selling for around 2X fwd cashflow. However the pipeline issue could delay achieving the projected cashflow.
http://www.martresources.com/
Latest presentation from 2011 AGM:http://www.martresources.com/wp-content/uploads/2010/06/21/events/Mart-Resources-corporate-presentation_June24_updated-2.pdf
Saratoga Resources SROE.ob
S.O. 19.7 million
Saratoga Resources is a US based driller with significant acreage in the shallow Gulf of Mexico. Their acreage is in areas governed by the State of Louisiana versus the deeper Gulf waters governed by the Federal authorities. Saratoga got into cashflow problems and went into Chapter 11 bankruptcy to protect it's assets. The lenders wanted to dilute common shareholders out of the picture and take over the assets. Mgmt are big common shareholders and resisted the proposals and worked thru the court system. Two years later, Saratoga has paid off all vendors and has finally refinanced the old lenders. This should free them up to get better financing and aggressively drill out their near term prospects. Current production is around 2,850bpd with plans to increase production to 4,000bpd by the end of Q3.
Saratoga has a PV10 value of 1.3 billion using total resources and 438million using total reserves and 12/31/10 strip pricing. The current market cap is around 100million. Very undervalued versus resources. Cash has not been available for Saratoga to aggressively drill. The situation is improving with a recent financing giving Saratoga an expanded capex budget to pursue what they say is hundreds of drilling opportunities. They are focusing on oil heavy prospects but the majority of their reserves are gas. Saratoga has several deep Gulf prospects that they are seeking to JV. The recent refinance of their long term debt should allow them to negotiate from a stronger position. Many would be partners have been concerned about Saratoga's ability to finance their end of the deal.
http://www.saratogaresources.net/
Favorite gas play:
Favorite Oil Sand Plays:
Oil Sand Charts: http://investorshub.com/boards/read_msg.asp?message_id=21045182
PETROBANK ENERGY AND RESOURCES PBG.to PBEGF.PK
http://www.petrobank.com/
S.O. ~76million
F.D. ~89million(8.9million convertible+4 million options)
Southern Pacific Resources Corp. STP.v STPJF.PK
http://www.shpacific.com/
S.O. 41M
F.D. 55M
STP has 80% interest in 25 contiguous sections of oil sands.
If STP can deliver the increased new 43-101 resource estimate at 300-500 million barrels in early June, with only 55M shares fully diluted, it will be one of the cheapest oil sand resource companies in Canada.
Alberta Oil Sands(Platform Resource) AOS.v AOSDF.PK
http://www.platformresources.com/
S.O. 39.0 M
F.D. 42.5 M
PFM owns 40 sections (25,600) Acres of lease in Athabasca oil sands area in northeast Alberta. 23 sections have estimated an undiscovered resource of 1.15 billion barrel of initial bitumen
in place (IBIP). The other 17 sections are not explored.
Patch International PTCH.OB
http://www.patchenergy.com/s/Home.asp
F.D. 33.4M
PTCH own 75%-80% interests of oil sand leases, after spending the exploration capital.
Ft. McMurray Oil Sands Area
The Ft. McMurray Oil Sands Area oil sands leases consist of Dover/Ells (32 gross sections, 25.6 net sections) and Firebag (18 gross sections, 13.5 net sections).
PTCH claims to have 1.5 billion bbls bitumen in place (gross)
Muskwa Oil Sands Area
In townships 85/86 and ranges 24/25w4 the Corporation has 10 gross sections (7.5 net) of oil sands leases in the Muskwa area.
NORTH PEACE ENERGY (NPE.V NPCEF.PK)
http://www.northpec.com/
S.O. 26.3 M
F.D. 34.3 M
Approx 60,000 net (86,000 gross) acres of prospective oil sands leases in north central alberta
Initial results confirm the estimated discovered resource in the order of 2 to 3.1 billion barrels.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |