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uranium starting to percolate......
LEU +2.70 to 41.50
BSENF +.64 to .64
GLATF +.13 to 2.80
UUUU +.29 to 7.27
URNM +2.02 to 70.73
Congress is intent on rebuilding uranium production and enrichment for energy security. Govt money will flow into this sector over the next several years.
Completely with you on the uranium trade. Started buying about a year ago. Own DNN MGAFF ANLDF UEXCF FDCFF FCUUF. Continue to accumulate.
LEU +3.29 to $36.37 The only fundamentally sound play in Uranium took off today on a big earnings beat. Centrus beat earnings with 37.4 million in earnings on 99.1 million in total revs. EPS of $2.51.
This was WAY over Q2 2021 totals of 11.6 earnings on 62.4 million gross revs.
Also secured $135million in new orders bringing their book to $1billion.
Centrus is the ONLY US Nuclear Regulatory Commission licensed provider of HALEU( High Assay Low Enrichment Uranium) This is the future of nuclear fuel in the new reactors and Centrus is in the drivers seat in the US.
https://finance.yahoo.com/news/centrus-reports-second-quarter-2022-200500824.html
Overall uranium stocks have done well recently, moving up from 0 to 30+% since I bought mid June. LEU has done the best followed by UEC. Long term contracts tend to be negotiated and closed in the fall of each year as utilities review their needs and secure long term supplies of U308. Will this be the kickoff to another big U308 rally? I think so. Ukraine/Russia has exposed the vulnerability of the current/future energy systems. Without ngas as the bridge fuel, the new fangled solar/wind/EV revolution doesn't work. A new battery storage solution may be coming but it ain't here yet.
re SPUT
I understand the appeal of the physical stuff but don't get where the fund ends up. They state that they won't sell so what are they going to do with 50 million pounds of U308?
They have effectively soaked up the slack in the spot market, forcing spot prices up and basically taking away a source of U308 from the utilities that will eventually have to contract for the stuff at higher long term pricing.
Japan still appears to be the closest near term source of real demand. They had long term contracts for U308 and have periodically sold into the spot market, helping create the long term bear market. But if they speed up their revival of refurbished plants, they might impact near term contract pricing.
Of course China is building many new plants as well. But they will probably get their U308 cheap from their comrades, who will probably have a surplus.
Uranium - I have a decent position of Sprott Uranium Fund. At some point uranium is going to skyrocket and while these juniors that will never get into production will go ballistic I feel a lot more comfortable waiting in SPUT who won't have a dilutive financing and also doesn't face inflationary pressures.
Uranium: archived, as tidy valuable recap, as once it becomes a settled no-brainer prices may have already doubled.
I recently got interested in Uranium again. It blasted off in late 2020 without me. The U stocks faded this year so about a month ago I bought UUUU, URNM, UEC and LEU. I also bought smaller positions in GLATF and BSENF. I did so after reviewing a bunch of youtube videos presented the bull case for uranium. Obviously the war in Ukraine has turned a spotlight on energy and Uranium is becoming a pretty big part of the story.
Russia is a big supplier of uranium but probably more importantly is a major player in enrichment, turning the raw U308 into a usable fuel source.
I always thought it was kind of crazy to rely on Russia for this task but it worked for several decades. Unfortunately they did it so cheaply that the uranium enrichment industry in the US went away. France still relies on nuclear more than us so they still have enrichment capacity but not enough to totally replace Russia right now. Luckily the nuclear reactor utilities typically plan well in advance and have sufficient fuel supplies on hand for awhile.
But the resurgence of the US uranium industry is really going to happen. The existing players aren't really producers. They have mothballed projects that can be activated with money and time. I expect US producers to be subsidized at first. So here's why I bought the various stocks:
UUUU Energy Fuels has the only licensed plant in the US able to turn yellow cake into U308. The plant is currently being used to separate rare earths. They have survived the nuclear winter and the White Mesa plant ensures that they will be part of any nuclear renaissance in the US.
URNM is an etf with uranium stocks run by Sprott.
UEC has been collecting uranium assets for a long time. They have several uranium producing projects in mothballs waiting for the price of U308 to rise so they can profitably produce. They bought Uranium One and acquired several projects as well as 5 million pounds of U308. They are a billion dollar market cap player with no production! But they are well positioned with several ISR projects that can be restarted relatively easily.
LEU Centrus Energy is an active supplier to the worldwide nuclear power plant industry. They help design solutions for utilites and provide the potential for improved fuel rods for the industry. They actually have revenues! Their stock was hurt by the fact that they have contracts for enrichment with Russia and could be hurt by tough sanctions. But if there is a nuclear revival in the US and new, better fuel is part of it, it's hard to imagine LEU won't benefit.
GLATF Global Atomic is building a uranium mine in Africa. They are well into construction and will likely beat many of the restarts into production.
BSENF Baseload is further down the chain and is a true junior explorer. They are much small in market cap than the others on this list.
A secondary theme in Uranium stock revivals is that the whole clean energy revolution has turned up a big problem. Solar and wind are intermittent. They haven't been able to provide baseload power. Ask Germany if pouring billions into solar and wind has worked. In addition, whether they like it or not, nuclear emits no CO2. Yeah, we still have the spent fuel problem but this winter, Germans and Europeans will have a much bigger problem than theoretical arguments about spent fuel. They could freeze to death. Nuclear provides safe baseload power. That's why the Chinese are building 150 nuclear reactors. The Chinese are building traditional very large reactors. Another interesting part of the nuclear story is SMR. Small modular reactors could become very important to the mining industry as well as small remote towns and villages. These smaller reactors can theoretically be built in a more factory like manner and bring down costs and time to build. US plants can take 30 years to design and build. The first Western SMR is scheduled to be built and operating by 2027. Success here could invigorate the industry and open up much wider usage of SMR's.
VET Vermillion +1.42 to 21.53
energy stocks went up today. Russia has cutoff gas to Europe. Vermillion has onshore gas in the Netherlands and also produces gas offshore in the North Sea.
They are diversified with oil production in Canada as well. Vermillion should report another solid quarter and has two catalysts coming. They bought out their partner in the Corrib gas fields off Ireland. They have 20% and are buying another 36% but the deal doesn't have govt approval yet. In the meantime, the gas is accruing to VET from 1/22 and will be added to the P&L when the deal is closed. They also have another purchase pending. Vermillion is getting $35+/mcf for their gas. If Russia does cutoff Europe from further Nord1 gas, ngas in Europe will spike even higher and VET will be one of the beneficiaries.
Here is a Seeking Alpha article discussing Vermillion:
https://seekingalpha.com/article/4523712-vermillion-offers-protection-to-the-biggest-risk-to-the-market-right-now?mailingid=28399114&messageid=2800&serial=28399114.3211&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=28399114.3211
SQZ Serica merger proposal at incredibly laughable premium
Info and discussion at below thread
Kistos Seeks Merger With Serica.
— Alexander Stahel 🇺🇦🇮🇱 (@BurggrabenH) July 12, 2022
We warned @MitchFleggCEO of such a risk while the board allows for its share price to continue to drift instead of buying back shares with authority & transparency. Now, I can only hope shareholders reject. Frustrating.$SQZ @SericaEnergyplc pic.twitter.com/ohWUSedD6k
sqz.l +.41.4 to GBP3.465 big pop in Euro nat gas due to Russians shutting off Nord 1. Will they turn it back on after the turbine gets installed? I think they will but they'll make the Europeans squirm before they do it.
Serica is almost all ngas so it should respond to Euro nat gas pricing.
VET is puzzling. They get 20% of their revs from European nat gas and they are down today because oil is down. Investors don't seem to get it. Amazing free cashflow is coming from the Euro nat gas. Oil is the major source of revs but their competitors don't have the same pricing on the nat gas. Oh well, have to wait for Q2 p&l to wake folks up. VET will be debt free in 2023 from free cashflow and are talking about raising dividends and buybacks after that happens.
watched video from Eric Nuttall and Nine Point Energy on youtube. He had a guest on that reviewed the prospects for oil usage and prices going forward. Very convincing review of prior recessions and the fact that energy usage hasn't fallen that much during prior recessions PLUS European situation.
SQZ.L -.115 to 2.835 gbp
Serica should have an excellent Q3 based on this story regarding European gas prices:
https://www.nasdaq.com/articles/column-europe-forced-to-pay-even-higher-prices-to-fill-gas-storage%3A-kemp
Thanks for the tip Matt. Bought some SQZ.L today at 2.955 gbp. Had to chase it but it's a nice combo of European ngas prices/crisis and the chance for some upside if they hit their exploration well in Q3/4. Hedging is declining too. Wish they reported quarterly but that's part of investing overseas.
Yeah, there's no easy answer. Nukes can't be brought back online quickly or cheaply(Germany you dummies)
There are no big new sources of natural gas to replace a huge producer like Russia.
They can probably crank up some old coal fired furnaces a little more quickly.
Winter is coming and Europe is going to pay thru the nose! Who's going to get reelected if nobody has heat in their homes.
We've redirected LNG from Asia to Europe but that's not going to last very long. Asia(China) is going to need that LNG to reopen their country and if there is a cold winter, LNG is going to fly.
SQZ.L I own on London exchange. Yes, simplistically it is a gas prices higher for longer bet. I don't see how anyone would think EU natgas prices revert completely
are you buying Serica in London SQZ.L or the otc symbol sqzzf. SQZZF doesn't trade much. Hasn't traded for a few days.
Looks pretty interesting. Mid level producer. Not a startup by any means.
The Central Bankers threw a wet blanket on the stock markets, energy, metals, you name it. Might wait a bit for the dust to settle. Fundamentals are pretty solid unless world economy goes into a BIG recession. Still need energy to keep the lights and heat on. Still need food. Still need metals to make anything.
I have an enormous VET position. If you want to add some torque one EU gas producer to check out is Serica. Their FCF % is insane and there is wildcatter upside when they drill this year.
Looking for a conservative way to play the natural gas crisis in Europe. Vermillion, VET, has oil and gas but specifically ngas produced in Europe. They are getting those massive $40/mcf prices. It may not get a lot higher but spectacular gains for the next few quarters. Vermillion has a nice mix of oil and gas in safe jurisdictions. 52 week range is 5.51 to $25. Bought around $20.
Vermillion gets 40-45% of it's cashflow from European ngas. VET fell along with other oil names but those other companies don't have the ngas on the continent.
P/E around 4. Don't see a solution anytime soon for the Euro gas crisis. Wait until this coming winter!
$BDCO: YOU CALLED IT !!!!!!!!!!!!!!!
Its happening again............ Fundamentals better than EVER for $BDCO
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=103470513
GO $BDCO
APAAF (API:CSE) recent article on Appia Rare Earth and Uranium Corp. by Jack Lifton, global rare earths metals expert. (He is also on the advisory board of Appia).
Article
TRLEF/TCF.cn +.0165 to US$.30
Trillion Energy announced they signed the contract for a drilling rig to begin drilling their SASB project offshore Turkey in July/August 2022. They also recently closed a financing of over $10million.
Trillion is unusual because the field they are drilling has already been producing and the four initial drill sites have already been drilled and proven to have gas. There is probably some risk of mechanical failure but largely low risk drilling. In addition, the drilling will be conducted from already existing drilling platforms. The producing portion of the field already has connections to a shore based production facility owned/operated by Trillion's partner, the national gas company of Turkey. So once drilled, the wells will be brought on production within 40 days of spud plus completion time..
This short time frame should allow Trillion to reach cashflow positive status relatively quickly. Another positive is that the Turkish national energy company, Trillion's 51% partner in the project, has recently raised ngas prices to just under $18/mcf.
https://trillionenergy.com/2022/05/18/trillion-energy-international-signs-drilling-rig-services-contract/
Here is the latest investor presentation from Trillion just a few days ago.
https://trillionenergy.com/wp-content/uploads/2022/02/Trillion-Energy-Investor-Presentation-May-2022.pdf
Pick 4 Contest # 16 Deadline In Less Than 6 Hours Away
Remember to get your picks in before Today’s Close. Below is the link to the board.
https://investorshub.advfn.com/Pick-4-Contest-No-16-41115
Pick 4 Contest # 16 Deadline Friday
Remember to get your picks in before Friday’s Close. Below is the link to the board.
https://investorshub.advfn.com/Pick-4-Contest-No-16-41115
The sustainable energy sector is growing and companies like Clean Vision Corporation, a leader in the hydrogen market, are working to advance the clean energy sector. Their subsidiary, Clean-Seas Inc., supports emerging ventures in the green economy. Clean Vision is moving further with continuous growth. It has seen a spike and still going up! Buy now before it's too late!
https://www.influencive.com/clean-vision-addresses-the-issue-of-plastic-waste-in-the-oceans/
ROK.V - cheapest oily small tsxv producer
Disclosure: bought CAD $100k here before latest presentation was out at 0.26. Still should double from today in 2022. Sharing here as this is where my investing board journey started!
Me = energy realist on CEO
My ROK back of envelope
You were sure right about that , touched $4 on Friday ...
Thank you, much appreciated.
IPO.TO/IPOOF updated comp sheet
@tr8dervic - reserves here, or, look at InPlay's press release for this week.
Reminder: I'm very long since the 0.70s but I think many here have tagged along!
Updated Comp Sheet
Thank you for the heads up. Do you have a an estimate of proven and probable reserves?
Tia,
Vic
IPO,TO/IPOOF
Follow me on Twitter and I’ll update my TSX small oil producer (5000-20,000 boepd, >50% oil and liquids) compset. Likely tomorrow. Art to this but idea is to use all company disclosures, no judgement, hinged completely on reality, not fantasy.
This is the last attempt linked below but I was too bullish across the board on price increase on NGLs (most getting CAD 50-60/bbl currently).
Nevertheless IPO was, and still is, the cheapest company in this range on a cash flow or free cash flow basis. Yangarra appears to have cheaper reserves but they are lower quality assets that consistently underperform on capex requirements.
Disclosure: locked and loaded here with multiple 6 figure position but I haven’t diversified YET because InPlay keeps remaining cheap!
My Comp Sheet
IPO.T it will come
No big banks cover it. Word will get out. It is only the small niche Canadian iBanks (or rather iDesks) that cover it:
Analysts
IPO.T still at $ 3 Canadian , what am I missing here ...
https://stockhouse.com/news/press-releases/2022/03/16/inplay-oil-corp-announces-record-setting-2021-financial-operating-and-reserves
CNQ appears to have broken out. There is apparently no good predictor of an upside target.
With the major producers being taken out and shot (Gazprom, Rosneft) the clear path may be muddled for a while.
TCF - huesos were you trolling LOL?
Can confirm I looked hard at TCF last week. I doubt anything will happen quick now with seas around Crimea militarized.
There is a good board over at ceo.ca on this. I asked a question and it sounds like the financing needed to start production is almost a done deal it just needs to close.
I'm @energyrealist over at CEO:
Question on TCF financing
Gazprom OGZPY is being pummeled on the fke news campaign to cover the covid failure. If this can break 5 or lower, it may be the best buy you see in the sector.
Nope, looks like more spam is in order.
$CLNV - CleanVisionCorp's finalization of its hydrogen fuel cell license arrangement puts its AquaH hydrogen product on the map in a big way. I'm thinking this will be a catalyst for growth and the company is set to hit another spike.
https://pubcoinsight.com/2022/02/16/waste-to-energy-stocks-12/
Price action has entered a zone of increased volatility. Big rush to take profits. Let's see some discussion on TCF and it's prospects in stead of the usual spam on this board.
$CLNV - Clean Vision Corp to improve the conversion of mixed plastic wastes into hydrogen for power generation. Investors should pay attention to this renewable market sector particularly in $CLNV which has great potential.
HME.V CEO interview today
Use Twitter on your laptop for the Spaces add-in. I’m on my ipad so can’t see time but Shubham will record it.
All set for our Spaces tomorrow with @djsdjs77 of Hemisphere Energy. Intro to $HME.V followed by open Q&A session. See yall there! 🛢💰
— Shubham Garg (@WhiteTundraSG) January 25, 2022
https://t.co/rpkrPRleBu
HME stock price has held at an elevated level for an extended period. It looks solid. Take a look at the current price movement in CNQ as a template for what may happen here.
Pick 4 Contest #15 Deadline Less than 6 Hours away
Remember to get your picks in before Today's Close. Below is the link to the board.
https://investorshub.advfn.com/Pick-4-Contest-No-15-40714
As a Greentech company, CleanVisionCorp - $CLNV is addressing the planet’s needs for waste collection and transport, attracting investors as it is a duty to care for our Planet! Prices for stocks of this caliber won’t stay at current levels long.
https://marketsherald.com/capturing-the-plastic-waste-market-is-no-easy-feat-but-clean-vision-corp-is-up-to-the-task/
Pick 4 Contest #15 Deadline Friday
Remember to get your picks in before Friday's Close. Below is the link to the board.
https://investorshub.advfn.com/Pick-4-Contest-No-15-40714
GASX.V - Thanks for the reply. Yes I sold out of my position into the strength as it continued to rally. All it takes is comparing market cap vs Canacol to know something is a bit goofy or would be an argument that Canacol is ridiculously undervalued
$CLNV - CleanVisionCorp Clean-Seas is helping communities around the world implement technology to reduce pollution and generate benefits for multiple stakeholders. CleanVisionCorp's Clean-Seas Signed MOU with the Indian Institute of Chemical Technology for Product Development and Deployment! $CLNV is set to hit a spike soon. Just saw the news on their website: https://www.clean-seas.com
HME.V Cheap Micro-Alberta Oil Producer
Page 8 of November Pres is a good place to start. 2P (TP) NAV at $70 WTI is $2.68/share vs. $0.98 close today ($C).
$C 90mm market cap currently.
[urlhttps://www.hemisphereenergy.ca/sites/default/files/2021-12/HME%20Corp%20PPT%20Nov%20MARKETING%20TRIP.pdf][/url][tag]November Pres[/tag]
Otherwise this is a 2022 2,550 boepd (90%?) oil producer with only $C 16mm of debt and a very low decommissioning liability and a 19 year reserve life index. They have two oilfields under waterflood and production growth in 2022 is already paid for and comes from a polymer flood. 2023 production upside is from polymer flooding the other oil field.
Opportunity best summarized here:
Seeking Alpha Article
GASX.V Took a long look.
It is very overvalued now. Overhyped during the 2021 global gas crunch and will digest the big run for a while IMO. Serafino the CEO is very astute at dropping nuggets that simply aren't realistic like getting to 200,000 mcfd in a few years (Canacol still isn't there sustainably) and their SINU-9 wells producing at 30,000 mcfd (not realistic, ONE of Canacol's well produced above this for 24 hours from two zones, LT production rate more like 10-15,000 mcfd).
It is Colombia and if you followed Canacol there will be disappointments on drilling timelines, but mostly, pipeline completion and connection timelines. I've looked at retail investor comments on CEO.CA and everyone is so bullish on this stock and have bought into the 200,000 mcfd hype that there will be a big stampede to the exits at some point in 2022 when those expectations aren't met.
I looked at what Canacol trades at on an EV/boepd basis and the market is currently valuing GASX like they are production 36,000 mcfd while they are actually producing nothing.
Near term opportunity would be if their Maria Conchita assets come online at a far lower production level than market anticipated (they are expecting 20,000 mcfd+) OR it turns out they actually can't sell their gas at US 7.00 to 7.50/mcf like Serafino was promoting and this fact becomes another highly promotional point.
I will own at some point in 2022 most likely but will wait for a big sell off when the global winter gas market chills out. Stock will probably come down with that as most of the SINU-9 wells won't be drilled yet.
The SINU-9 assets could be a company maker so I'm following.
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.
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