Looking for the next energy runner!
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.
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.
I am trying to find some updated info on them. Have you read anything lately?
Speaking oilsands... looks like COSWF is a solid pick.
Canadian Oil Sands (COSWF.PK): If one is looking for a pure play on the oil sands then one must consider COSWF.PK. Canadian Oil Sands is the largest joint venture owner (36.74%) in Syncrude Project. The Syncrude Project is a Joint Venture undertaking among Canadian Oil Sands Limited, and six other companies.
The project’s main goal is to produce crude oil and other substances from the mining and processing of the oil sands, located on leases within the Athabasca Oil Sands Region. Syncrude has approximately 5.1 billion barrels of proven and probable reserves situated on 8 leases over 3 contiguous sites. On the prospective side, it is thought that the total reserves are probably double the proven figure. Syncrude is not publicly traded so for the retail investors the best way to invest is via a company like COSWF.PK. Unlike other companies mentioned here, COSWF.PK is a pure play on the oil sands and the crude it produces. Net income for the first quarter of 2011 rose to C$324 million compared with C$176 million in the first quarter of 2010. The improvement was credited to an increase in production totals and higher crude prices. Sales for the first quarter averaged 121,000 barrels per day compared with 99,000 barrels per day for 2010. As investments in better utilization and efficiency continue, the total barrel count for COSWF.PK will continue to rise for the foreseeable future.
What are your thoughts on this whole India ordeal?
http://www.reuters.com/article/2011/06/21/ongc-kgblock-idUSL3E7HL0RW20110621?feedType=RSS&feedName=rbssEnergyNews&rpc=43
Update on KOG in the Bakken.
Kodiak Oil and Gas (KOG) is also on sale, down from its all time high of $7.70/share. It has approximately 70000 net acres in the Bakken/Three Forks. East of the Nesson Kodiak 's EURs are between 750 to 850+ Mboe. The average well will cost between $8.5 and $9 million. In 2010, Kodiak completed its TSB #14-21-33-15H. This well was completed in December and had an IP rate of 2050 Boe/d. Its 90 day IP rate was 706 Boe/d. Kodiak's TSB #14-21-33-16H3 had an IP rate of 1042 Boe/d. Its 60 day IP was 444 Boe/d. Only six out of the 22 stages were completed. The year 2010 saw a major increase in production totals year over year due to longer laterals, increased stages and larger volumes of ceramic proppant. The difference in production was:
30 day IP of 1170 Boe/d in 2010 vs. 669 Boe/d in 2009
60 day IP of 1073 Boe/d in 2010 vs. 565 Boe/d in 2009
90 day IP of 972 Boe/d in 2010 vs. 449 Boe/d in 2009
EUR expectations are between 750 and 850 Mboe. Two variables can change NPVs significantly. The first variable is EURs. The second is the realized price of oil.
Bakken Long Lateral with an EUR of 750 Mboe
$75/barrel produces an NPV of $8.6 million and a 27 month payout
$85/barrel produces an NPV of $11.4 million and a 23 month payout
$95/barrel produces an NPV of $14.1 million and a 20 month payout
Bakken Long Lateral with an EUR of 850 Mboe
$75/barrel produces an NPV of $11.1 million and a 23 month payout
$85/barrel produces an NPV of $14.2 million and a 20 month payout
$95/barrel produces an NPV of $17.3 million and a 17 month payout
Two long laterals drilled in the third quarter of 2010 had very good production numbers. MC #13-34-28-1H had IP rates of:
24 hour IP of 1906 Boe/d
30 day IP of 1082 Boe/d
60 day IP of 1074 Boe/d
90 day IP of 932 Boe/d
180 day IP of 723 Boe/d
The MC #13-34-28-2H had IP rates of :
24 hour IP of 2055 Boe/d
30 day IP of 1259 Boe/d
60 day IP of 1073 Boe/d
90 day IP of 932 Boe/d
180 day IP of 655 Boe/d
In summary, Kodiak has seen large improvements in production. EURs between 750 and 850 Mboe are expected. An 850 Mboe EUR at $95 oil will produce a NPV of $17.3 million/well.
Thanks for the heads up! I will start getting my research on.
Great question. I was wondering the same thing!
Do they know something we don't know??
Good to know, I'll have to try back again later on. Maybe I just caught them on a bad day.
I probably won't be able to get in on this one. Willing to share some updates?
I think patience will pay off with this one.
Still holding onto this one?
Very nice.
Oh man, some pics would be great! Maybe next time.
I'd have to agree with you. Think its going to jump back up any time soon?
I just read about this today. Do you know when the new wells will start producing? Or the timeline in general?
I called over there today to get some information.... basically just pointed me to the website, wish they would have taken a moment to actually talk w/ me.
Duke is on the right track.
Nice info, thanks!
Noted. Thanks
ECCE was acquired by Sandstone Energy a few days ago.
New public company, up and coming!
Looks like its started the upward trend... let's see how long it carries on!
Nicely done. Keep me posted on any info you hear about. I am eager to hear more about what they are working on.
Read it on Seeking Alpha... Here is the article link.
http://seekingalpha.com/article/274747-5-cheap-energy-stocks-with-fresh-insider-buying
Great, thanks. I'll have to start reading their news more often, great info here.
I am excited to see where they go. I have high hopes.
Heard back from the IR guy today. They are looking to expand in Kansas, the Bakken, and develop/find acquisitions in Eagle Ford.
Getting in on the shale plays... not a bad move.
Conference Call in a couple months. Mark your calenders!
BISMARCK, N.D.--(BUSINESS WIRE)-- MDU Resources Group, Inc. (NYSE:MDU - News) will webcast its second quarter 2011 earnings conference call August 2 following the release of its results.
The webcast will begin at 11 a.m. EDT and can be accessed at www.mdu.com. A webcast replay and audio replay will be available. The dial-in number for audio replay is (800) 642-1687, or (706) 645-9291 for international callers, conference ID 73996248.
Can't find much info on this stock, have you read anything lately?
Yikes, that isn't good. Have you heard much since?
Yikes, that isn't good. Have you heard much since?
Perfect, thanks.
Thanks for the follow up. I agree that it is a sign of it being undervalued, trying to get it back up and gain interest.
I agree. Sure hope to do well on this one.
Sounds like a solid plan to me.
Chevron deal in Russia near collapse: Rosneft
(AFP) – Jun 10, 2011
KRASNODAR, Russia — Russia's state oil firm Rosneft said Friday it will likely have to break its Black Sea alliance with the US oil giant Chevron over energy estimate disagreements.
Asked by reporters if the project with Chevron would continue, Rosneft chief executive Eduard Khudainatov said "apparently not".
"We had a normal argument between partners. We had a categorical disagreement with Chevron's geologists," he added.
Rosneft's Shatsky Ridge unit, also known in Russian as Val Shatskogo, holds a license to explore the West Chernomorsky oil field.
The eastern Black Sea oil block used to belong to the now defunct oil giant Yukos and was one of the assets swooped up by Rosneft after the arrest of Yukos founder Mikhail Khodorkovsky.
Khudainatov did not specify the precise nature of the disagreement with Chevron.
The deal was signed in June 2010. Russian officials at the time said the companies would each invest one billion dollars in initial exploration.
Initial success would have resulted in a total joint investment of some $32 billion dollars.
Khudainatov said the deal's seeming demise did not mean an end to Chevron's work in Russia.
"Chevron remains our partner. We work closely together," the Rosneft chief said.
"Chevron wants to continue working on shelf project with us," he added in apparent reference to joint Arctic oil development work.
Read an article today that said investors were avoiding this stock. What are your thoughts?
Great info, as usual.
Thanks for the info about the Marcellus shale. Where did you read this?
Some acreage in the Bakken! Smart move.
HOUSTON, May 31, 2011 /PRNewswire/ -- VAALCO Energy, Inc. ("VAALCO") (NYSE:EGY - News) today announced the purchase from a privately held company of a 70% working interest in 5,214 acres in Sheridan County, Montana. The acreage directly adjoins the Flat Lake Field which successfully produces from the Middle Bakken formation.