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GAS & OIL PRICES UP AGAIN ON LIBYA CRISIS / CIVIL WAR. STRONG BUY ALERT FOR DELA PETE ISSUED DPTR.
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WOW. CFW TIMMMBBBBBEEER. LIKE I SAID MY CANADIAN SANDS ARE BOTH ON THE MOVE. GLTA
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BQI WAS $8.00 A SHARE IN 2006 WITH NO PROBLEMS IN THE MIDDLE EAST. DAY OF RAGE IN SAUDI CAN PUSH THIS STOCK TO THE MOON!!
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BQI Qilsands Quest - Canadian Sands. Strong buy imo!!
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion addresses material changes in our results of operations and capital resources and uses for the three and nine months ended January 31, 2011, compared to the three and nine months ended January 31, 2010, and our financial condition and liquidity since April 30, 2010. We presume that readers have read or have access to our 2010 Annual Report on Form 10-K/A, which includes disclosure regarding critical accounting policies and estimates as part of Management's Discussion and Analysis of Financial Condition and Results of Operation. Unless otherwise stated, all dollar amounts are expressed in U.S. dollars. All future payments in Canadian dollars have been converted to U.S. dollars using an exchange rate of $1.00 U.S. = $0.9978 CDN, which was the January 31, 2011 exchange rate.
Overview
Recent Events
? As of February 1, 2011 the Board of Directors appointed Garth Wong as President and Chief Executive Officer, replacing Brian MacNeill who was in the role on an interim basis. Mr. MacNeill will remain on the Board of Directors and Chair the Special Committee of the Board of Directors described below.
? As of February 1, 2011, the Board of Directors appointed Annie Lamoureux as Vice President and Controller.
? On March 31, 2011, T. Murray Wilson will be leaving his executive position with Oilsands Quest. Mr. Wilson will remain a member of the Company's Board of Directors and will continue to serve as a member of the Reserves and Resources Committee. Mr. Wilson joined Oilsands Quest in August of 2006 and served the Company in various capacities, most recently as the Executive Deputy Chairman.
Three Months Ended January 31, 2011
? On January 13, 2011 we provided an operational update and comprehensive review of the geology, reservoir characteristics, and potential development plans for all of our assets.
? We completed preparation for our 2011 winter drilling program at Wallace Creek, which seeks to confirm the potential for Wallace Creek to become Oilsands Quest's second commercial oil sands project after Axe Lake. We began drilling on February 13, 2011.
? We announced an "At-The-Market" ("ATM") financing with Knight Capital America Group, Inc. on January 17, 2011. The ATM financing will provide us with funds for near-term operational priorities including the core hole re-abandonment program, as well as additional liquidity as we consider alternatives for enhancing shareholder value.
? We presented at TD Newcrest's Energy Conference on January 17, 2011 in London, England.
? In January we accompanied a delegation led by Saskatchewan Minister of Energy and Resources, the Honorable Bill Boyd, on a trade mission to China. While in China we met with a number of companies to promote the development of the oil sands assets in Saskatchewan.
? Effective January 12, 2011, we appointed Simon Raven to the position of Vice President, Exploration and Development from his previous position as our Chief Geologist.
Nine Months Ended January 31, 2011
? On August 17, 2010, we announced that we had initiated a process to explore strategic alternatives for enhancing shareholder value. The process is overseen by a Special Committee of the Board of Directors (the "Special Committee") to consider all alternatives to increase shareholder value, including financing opportunities, asset divestitures, joint ventures and/or a corporate sale, merger or other business combination. We retained TD Securities Inc. as a financial advisor to assist us with this process.
? We confirmed that our Axe Lake reservoir can be likely produced using steam-assisted gravity drainage (SAGD), a proven oil sands recovery process, in spite of the different cap-rock characteristics at Axe Lake compared with similar projects further west. We completed laboratory testing of the glacial till overburden overlying the Axe Lake area. The results of the testing indicate that the glacial till has the characteristics required likely to act as a steam containment cap for an in-situ SAGD operation.
? We announced changes to the management team on September 2, 2010.
? We completed a re-abandonment program of 18 core holes at Axe Lake. 14 of the core holes were successfully re-abandoned. The re-abandonment of the 4 core holes that were not abandoned properly occurred early in the program.
? On November 5, 2010, we completed a financing for 20.8 million common shares at a price of $0.45 USD per share and 7.1 million common shares on a flow-through basis at a price of $0.51 CDN ($0.50 USD) per share for total gross proceeds of approximately $13.4 million CDN ($12.9 million USD).
? We also completed a non-brokered private financing May 10, 2010 for 10.5 million flow-through shares at $1.00 CDN ($0.995 USD) and 9.2 million common shares at $0.85 per share for gross proceeds of $18.6 million CDN ($18.1 million USD).
? We filed an application to the Saskatchewan Ministry of Environment (SME) for the approval of a 30,000 BPD commercial project at Axe Lake.
? We were granted a one year extension, to May 31, 2011, of our oil sands permits in northwest Saskatchewan.
? We announced an updated independent third party resource estimate for our properties.
? We completed the engineering design for a SAGD pilot project at Axe Lake, which modifies existing surface facilities. We also procured materials with certain long lead times for the facilities and horizontal wells.
? We drilled four additional delineation wells in the Axe Lake area in order to meet minimum commitments for certain permit retention as well as increase resource understanding.
? We announced the cancellation of the proposed sale of our non-core assets at Pasquia Hills to Canshale Corp.
? We announced our intention to dispose of our non-core assets, the Eagles Nest oil sands lease and Pasquia Hills oil shale permits.
? We received approval from the Saskatchewan Ministry of Energy and Resources ("SMER") for a steam assisted gravity drainage (SAGD) pilot at Axe Lake's Test Site 1.
Operations Summary:
Exploration Programs
During the nine months ended January 31, 2011, we constructed access roads and leases in preparation for drilling up to 11 new core holes in the Wallace Creek area in February and March of 2011. This drilling program is a follow up to our successful drilling program of early 2010 and we expect to increase our resource base and qualify additional lands on this permit for a potential conversion to a lease.
We are planning to drill these core holes as part of a combined drilling program with an operator from an adjacent oil sands property. By combining our operations in the area, we expect to realize significant operating efficiencies and secure the rigs and services required to complete the program. The first well in this program commenced drilling on February 13, 2011 and we expect the program to be completed in mid-March 2011.
We filed for and received approval for the second of three one-year extensions of our Saskatchewan oil sands permits. We may seek and be granted an additional one year extension of each permit if the Company continues to meet its obligations under the terms of the permits and the Oil and Gas Conservation Regulations, 1985.
We also relinquished our two northernmost land permits in Saskatchewan (permits PS000213 and PS000215) as we focus our exploration and development opportunities to include only those lands that recent exploration activity has demonstrated to be prospective. The relinquishment of these permits did not impact our resource estimates or development plans. Please see below under the section titled "Outlook" for a more detailed description of the Company's land strategy.
Axe Lake Area - Reservoir Development Activities
In July 2010, we drilled four wells to confirm the extent of the reservoir at Axe Lake and to satisfy our permit retention work obligations on the Saskatchewan permits. The objective of these wells was to provide additional information on the geology in the area and they will not have a significant impact on our assessment of the resource in the Axe Lake area.
During the nine months ended January 31, 2011 we completed testing of the steam containment characteristics of the glacial till. The laboratory tests indicate that the glacial till cap likely will support the proposed SAGD pilot at Axe Lake at chamber pressures of between 1,750 to 2,500 kPa.
We are continuing with the additional processing and interpretation of the 1,847 kilometres (1,149 miles) of 2-D and 3-D seismic data in order to correlate this information to the results of the overburden drilling program and the summer 2010 drilling program at Axe Lake. This interpretation of the seismic data and the correlation of the well information will be used to assist in the placement of the well pads for commercial development as well as mapping the glacial till overburden over areas where we currently lack well control.
We filed a proposal to the Saskatchewan Ministry of Environment (SME) for approval to produce up to 30,000 barrels per day of bitumen using SAGD. Filing with the SME is the first step in a two-stage process to apply for approval of a commercial lease for oil sands development. This proposal provides the complete vision for the project, giving the regulator helpful context when approving testing activity and giving all stakeholders clarity around the long-term development plans. The second stage of the process consists of an application for commercial project approval to SMER that will be submitted following the successful completion of the SAGD pilot.
The proposed project includes components typical of SAGD operations such as multi-well production pads of horizontal well pairs, and a central processing and bitumen treatment facility that includes produced fluid separation, water recycling, steam generation and tank storage facilities. Options for site access, utility service corridors, bitumen transportation, electricity and natural gas supplies are also being evaluated.
We received approval for a SAGD pilot at Test Site 1. The proposed pilot will consist of one 100 meter long horizontal well pair, with the upper well placed five meters below the glacial till cap, or overburden, and is designed to make use of the existing surface facilities. The SAGD pilot will demonstrate the steam containment properties of the glacial till cap and provide information essential for the front-end engineering design for the commercial development. Further activity on the pilot project has been suspended pending the necessary financing.
Development of a commercial project remains subject to financing, regulatory and other contingencies such as successful reservoir tests, board of directors' approvals, and other risks inherent in the oil sands industry (See "Risk Factors" section of our Form 10-K/A for the year ended April 30, 2010 and see Item 1A. "Risk Factors" below).
Environmental and Regulatory
Our Saskatchewan oil sands permits were granted in 2004 and are for five year terms ending in 2009. Each permit allows for an option to request three additional year long extensions. On June 21, 2010, we received approval for the second of the possible three one-year extensions. The Company may elect to seek an additional one-year extension for the oil sands permits in May 2011, and may elect to convert these permits to lease prior to the expiry of these permits. While we expect that our application for extension will be granted, approval requires that certain conditions are met and that the Company is in compliance with the Oil and Gas Conservation Regulations, 1985. Please see below under the section titled "Outlook" for further detail on the Company's land strategy. The Company is in discussion with SME to assess a re-abandonment issue relating to the abandonment of early exploration core holes. We have drilled 355 exploration core holes in Saskatchewan and during a review of our development plans and well records, we determined that 223 of the early-year wells were not abandoned to a standard that meets our thermal development requirements or were not abandoned in accordance with the regulatory requirements.
We have applied for waivers on 99 core holes, the majority of which are located outside the current potential commercial development area and the regulator has indicated that they are willing to consider such waivers on a case by case basis. Our waiver applications are based on the fact that these core holes fall outside the current commercial development area and are therefore located in areas that are not expected to be economically recoverable. We have included approximately 124 core holes in our management best estimate of the re-abandonment costs as described in our financial statements.
During the nine months ended January 31, 2011, we completed an 18 hole re-abandonment program. We successfully re-abandoned 14 core holes and were only partially successful in our attempt to re-abandon the other four core holes. Those four core holes may still contain conduits which will require the Company to undertake further monitoring should a SAGD project be implemented within the vicinity of these core holes. The re-abandonment of these four core holes occurred early in the program, and we anticipate high success rates on the re-abandonments still to come.
The remaining 106 core holes are comprised of a combination of locations that are in or adjacent to the commercial development area plus a portion of the core holes for which we intend to seek waivers. Our best estimate of the cost to complete this program over the next four years is $21.2 million.
Pasquia Hills Oil Shale Area
Pasquia Hills Oil Shale Permit Area
A geologic assessment, including an estimate of Petroleum Initially-in-Place, of our permit lands based on the drill results to October 2009 and data obtained from legacy drilling was prepared by Norwest Corp.
On July 30, 2010, we cancelled a transaction to sell the Pasquia Hills assets to Canshale Corp. as Canshale was unable to meet the minimum financing requirement that was a condition for the transaction to close.
Corporate
On August 17, 2010, we announced that we had initiated a process to explore strategic alternatives for enhancing shareholder value. The Board's decision reflects careful consideration of our current financial position and the capital required to execute the business plan. In light of the significant incremental capital required to advance the exploration and development of the oil sands assets in Saskatchewan and Alberta, the Board determined that it is in the best interests of shareholders to engage financial advisors and formally explore all alternatives. The process of exploring and evaluating strategic alternatives is being overseen by a Special Committee chaired by Brian MacNeill, and including Ronald Blakely and Paul Ching.
The Special Committee is considering all alternatives to increase shareholder value, including strategic financing opportunities, asset divestitures, joint ventures and/or a corporate sale, merger or other business combination, and will ultimately recommend a course of action to the Company's full Board. We have retained TD Securities Inc. as a financial advisor to assist us with this process.
We also announced our intention to divest our Eagles Nest oil sands lease and Pasquia Hills oil shale permits. The Eagles Nest property is geographically distant from our other oil sands discoveries and is largely unexplored. We have also recognized for some time that retaining and developing the Pasquia Hills oil shale deposits would require considerable time, effort and financial resources while we are in the process of exploring and developing our significant portfolio of oil sands assets. We have no plans to develop the Pasquia Hills properties at this time. We have not yet received any offers under financial terms that are acceptable to the Company and have determined that it is in the best interests of the company to retain these assets until an adequate offer is received or additional funds are available for the development of these longer-term assets.
There can be no assurance that the review of strategic alternatives will result in a financing or a sale of the company or in any other transaction. There is no timetable for the review, and the Company does not intend to comment further regarding the evaluation of strategic alternatives unless the Board agrees to a definitive transaction or the process is concluded. The Company may continue to seek interim financing while the strategic alternatives process unfolds.
Outlook
Our reservoir development and exploration activities over the next few months will be focused on the Wallace Creek drilling program, preparing to execute the SAGD pilot at Axe Lake if financing becomes available and working with SMER to convert our Axe Lake permits to a long-term lease.
At Axe Lake, our activities will focus on retaining portions of PS00208 and PS00210 and converting them to leases. The permits are currently held under the Oil Shale Regulations, 1964 (1964 Regulations). We have requested that the Saskatchewan Minister of Energy and Resources convert permits to PS00208 and PS00210 to licenses and then to leases under the terms of the Petroleum and Natural Gas Regulations, 1969 (1969 Regulations). The outcome of these discussions is not certain.
We expect to relinquish the balance of our Axe Lake lands in Saskatchewan as we do not believe that the lands to the south of the Axe Lake area are prospective, either due to the presence of interbedded water in the reservoirs that would not allow for commercial development or lack of bitumen in the reservoirs in the licenses in the southern portion of our Saskatchewan lands. Our assessment of the Saskatchewan Oil Sands Licenses has resulted in the recognition of an impairment of $2.5 million ($1.8 million net of tax) in the financial statements as of and for the nine months ended January 31, 2011. Further, we have found interbedded water areas in our East Raven Ridge area. Further analysis of these lands' prospectivity is underway and may result in relinquishment of certain of our East Raven Ridge lands in Alberta. The relinquishment of these lands will have no impact on the Company's current resource estimates or development plans.
Over the next twelve months, we plan to continue the analytical activities necessary to evaluate the recoverability of our oil sands resources at Axe Lake, Wallace Creek and Raven Ridge, including a SAGD pilot at Axe Lake. Further delineation drilling is required in the northern and eastern Wallace Creek area, and the southern Raven Ridge area in order to satisfy permit retention requirements. Whether or not the Company is able to complete this delineation drilling and retain certain portions of these permits not yet delineated is subject to the availability of capital and regulatory approvals.
Based on the delineation drilling results to date and our knowledge of the regional geology, we believe there is good potential for that project area to ultimately support an additional commercial project at Wallace Creek. This assessment is subject to a further delineation drilling, the availability of capital to complete this drilling and regulatory approvals.
Based on our review of publicly available drilling data and an analysis of our own delineation drilling to date, the reservoir in our West Raven Ridge area adjacent to Cenovus Energy Inc.'s ("Cenovus") Borealis Project appears to be similar geologically. Both reservoirs have relatively thick net bitumen pay and significant amounts of top and bottom water associated with them. Cenovus has submitted an application to the Energy Resources Conservation Board of Alberta to develop their property and, while we do not yet have the commercial or technical wherewithal to commercially develop our West Raven Ridge area, the reservoir may be developed using a similar recovery scheme as is planned by Cenovus.
Liquidity and Capital Resources
At January 31, 2011, the Company held cash and cash equivalents totaling $21.0 million.
On May 10, 2010, the Company issued 10.5 million flow-through shares at $1.00 CDN ($0.995 USD) and 9.2 million common shares at $0.85 USD per share for gross proceeds of $18.6 million CDN ($18.1 million USD) pursuant to a non-brokered private placement.
On November 5, 2010, we completed a financing for 20.8 million common shares at a price of $0.45 USD per share and 7.1 million common shares on a flow-through basis at a price of $0.51 CDN ($0.50 USD) per share for total gross proceeds of approximately $13.4 million CDN ($12.9 million USD).
On January 17, 2011, the Company entered into an equity distribution agreement ("Agreement") with Knight Capital Americas, L.P. ("KCA"), a subsidiary of Knight Capital Group, Inc. Under the terms of the Agreement, the Company may offer and sell shares of common stock by way of "at-the-market" distributions on NYSE Amex, up to a maximum of US$20 million over a period of 12 months, through KCA as sales agent. The shares will be distributed at market prices prevailing at the time of each sale and the timing, price and number of shares sold are at our discretion. The number of shares sold on any given day is expected to be relatively small compared to the total volume of shares traded. Funds raised from the ATM program will be used to finance a re-abandonment program of approximately 26 core holes in the Axe Lake area and general corporate purposes. The near term priorities at Axe Lake are to convert the existing oil sands permits to a long-term lease and to continue with the core hole re-abandonment program.
Management anticipates that the Company will be able to fund its activities through December 2011 with its cash and cash equivalents as at January 31, 2011. However, significant uncertainty remains about our ability to continue as a going concern and we may not be able to continue our operations beyond the next twelve months without additional financing. Additional financing will also be required if our activities are changed in scope or if actual costs differ from estimates of current plans.
There is no assurance that debt or equity financing or joint venture partner arrangements will be available to us on acceptable terms, if at all, to meet our requirements. The Company has no revenues, and its operating results, profitability and the future rate of growth depend solely on management's ability to successfully implement the business plans and on the ability to raise additional capital. See "Outlook" above.
The consolidated financial statements have been prepared assuming that we will continue as a going concern.
Results of Operations
Net loss
Three months ended January 31, 2011 as compared to three months ended January 31, 2010. The Company experienced a net loss of $10.7 million or $0.03 per share for the three months ended January 31, 2011 as compared to a net loss of $23.7 million or $0.08 per share for the three months ended January 31, 2010. The decline in the net loss in the current period as compared to the prior period is primarily due to the reduction in exploration activity, a reduction in stock-based compensation expense, decreased corporate expenses due to a reduction in salary expenses resulting from downsizing activities, and partially offset by a decrease in the deferred income tax benefit and foreign exchange gain.
Nine months ended January 31, 2011 as compared to nine months ended January 31, 2010. The Company experienced a net loss of $35.8 million or $0.10 per share for the nine months ended January 31, 2011 as compared to a net loss of $41.7 million or $0.14 per share for the nine months ended January 31, 2010. The decrease in the net loss as compared to the prior year is caused by an overall reduction in exploration and drilling activity, a reduction in salary expenses as a result of downsizing activities and a reduction in stock based compensation costs. The decrease in the net loss during the nine month period ended January 31, 2011 compared to the prior year was partially offset by $8.5 million ($6.2 million net of tax) of cost revisions related to asset retirement obligations to re-abandon core holes in the Axe Lake area and reclaim the airstrip, camp site, access roads and reservoir test site at the Company's properties.
The Company also recognized an impairment of $2.5 million ($1.8 million net of tax) on the Saskatchewan Oil Sands Licenses due to the high likelihood of relinquishment as well as an additional allowance for impairment of $4.8 million ($3.5 million net of tax) on the Pasquia Hills property. In addition, the Company incurred $2.9 million of additional corporate expenses resulting from employee retention and termination costs and advisory costs incurred as part of the strategic alternatives review process. The decrease in the net loss the nine month period ended January 31, 2011 compared to the prior year was also partially offset by a reduction in deferred income tax benefit and by foreign exchange activity, whereas a gain of $3.9 million was recorded during the nine months ended January 31, 2010 as a result of holding Canadian funds with appreciation of the Canadian dollar value versus the US dollar, compared to a loss of $0.1 million during the current period.
The Company expects to continue to incur operating losses and will continue to be dependent on additional sales of equity or debt securities and/or property sales or joint ventures to fund its activities in the future.
Exploration costs
Three and nine months ended January 31, 2011 as compared to three and nine months ended January 31, 2010. Exploration costs for the three months ended January 31, 2011 were $2.8 million (2010 - $14.0 million). Exploration costs for the nine months ended January 31, 2011 were $16.2 million (2010 - $26.4 million). Exploration expenditures in the three months ended January 31, 2011 decreased due to a reduction in drilling and exploration activity during the period compared to the same period in the previous year.
The decrease in exploration costs during the nine month period ended January 31, 2011 is also due to a reduction in exploration and drilling activity during the nine months ended January 31, 2011 compared to the same period last year. This is partially offset by $8.5 million of cost revisions related to asset retirement obligations to re-abandon a certain number of wells in the Axe Lake area and reclaim the airstrip, camp site, access roads and reservoir test site at the Company's properties that were recorded in the nine month period ended January 31, 2011 compared to the same period last year. The Operations Summary above provides a summary of the exploration activities conducted in the three and nine months ended January 31, 2011.
General and administrative
Corporate
Three and nine months ended January 31, 2011 as compared to three and nine months ended January 31, 2010. General and administrative expenses settled with cash for the three months ended January 31, 2011 were $3.7 million (2010 - $5.7 million). General and administrative expenses settled with cash for the nine months ended January 31, 2011 were $12.8 million (2010 - $12.8 million). Expenditures in the three month period ended January 31, 2011 consist of salaries ($2.0 million), legal and other professional fees ($0.9 million) and general office costs ($0.8 million). Expenditures in the nine month period ended January 31, 2011 consist of salaries ($5.9 million), legal and other professional fees ($3.8 million) and general office costs ($3.1 million). General and administrative expenses in the three months ended January 31, 2010 consist of salaries ($3.8 million), legal and other professional fees ($0.5 million) and general office costs ($1.4 million). General and administrative expenses in the nine months ended January 31, 2010 consist of salaries ($7.3 million), legal and other professional fees ($1.9 million) and general office costs ($3.6 million). At January 31, 2011, there were 22 employees and no seasonal field employees, and at January 31, 2010, there were . . .
BEXP is a huge explorer and producer of US oil http://bakkenshale.org
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DEJ Canadian Sands Just Popped this week! What you should know:
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GO DEJ BACK TO $2.50!!
BQI Canadian Sands Just Popped! What you should know:
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http://twitter.com/macauchina
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GO BQI BACK TO $8.00!!
DPTR DELTA PETE / OIL PRICES WHAT YOU SHOULD KNOW.
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GO DPTR! NASDAQ IN 2 DAYS IMO!
i like both bqi and dej. check out su. its another canada sands stock. it went from 27-47 in a few months. these two are big ones too dej has natural gas and oil in the us and canada i believe.
http://fortmcmurraysands.com more info on the alberta sands
i like cano & dptr too.
STRONG BUY DPTR NATURAL GAS & ELECTRICITY PRICES ON THE MOVE!
NATURAL GAS ($/MMBtu)
PRICE* CHANGE % CHANGE TIME
Nymex Henry Hub Future 3.88 +0.01 0.28% 23:14
Henry Hub Spot 3.83 +0.12 3.23% 03/08
New York City Gate Spot 4.20 +0.08 1.94% 03/08
ELECTRICITY ($/megawatt hour)
PRICE* CHANGE % CHANGE TIME
Mid-Columbia, firm on-peak, spot 19.04 +0.47 2.53% 03/08
Palo Verde, firm on-peak, spot 25.68 +0.17 0.67% 03/08
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yeah ssn fell but bqi and dej were up but most other oil stocks fell today http://twitter.com/canadapetro
tomorrow should be better. although oil prices are down a little.
KOG Kodiak has big reserves in the bakken shale. http://bakkenshale.org
wow!! most fell, however the canada sands stocks DEJ and BQI didn't :) Big in after hours too. GLTA.
http://twitter.com/canadapetro
Squawk on the Street Whats On: Your Best Plays Now and a Key Small Business Report http://bit.ly/ho1uf8 Stock Alert 3/9 DPTR, BQI, DEJ, CCTR
CALVF Caledonia Mining Corporation - Strong SELL imo
Africa is very very unstable and Libya is on the verge of a war with the U.S
Libya has 2 strong allies. Venezuela and Zimbabwe. Zimbabwe is where Caledonia mines are located.
http://www.cnn.com/2011/WORLD/africa/03/04/libya.allies/index.html
PLUS CALVF WAS .03 LAST YEAR WASN'T IT? LOL. KINDA OVERBOUGHT IF YOU ASK ME.
Natural Gas Prices Heading north DPTR Strong Buy!!
OIL ($/bbl)
PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 104.94 0.52 0.50% 15:52
Dated Brent Spot 114.45 -1.27 -1.10% 16:03
WTI Cushing Spot 105.44 1.02 0.98% 15:30
OIL (¢/gal)
PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil Future 305.12 -3.81 -1.23% 15:52
Nymex RBOB Gasoline Future 300.23 -4.41 -1.45% 15:51
NATURAL GAS ($/MMBtu)
PRICE* CHANGE % CHANGE TIME
Nymex Henry Hub Future 3.93 0.12 3.05% 15:52
Henry Hub Spot 3.70 -0.05 -1.33% 03/04
New York City Gate Spot 3.99 -0.13 -3.16% 03/04
http://canadametals.info
CFW cano falling fast now. timmmbbber
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DPTR DELTA PETE Saudi Arabia's `Day of Rage' Lures Record Bets on $200 Oil: Chart of Day. Here we go girls and more girls on this site. http://www.bloomberg.com/news/2011-03-07/saudi-arabia-s-day-of-rage-lures-record-bets-on-200-oil-chart-of-day.html
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who owns bqi oil sands?
Top Institutional Holders
Holder Shares % Out Value* Reported
VANGUARD GROUP, INC. (THE) 13,114,311 3.83 5,508,010 Dec 31, 2010
Sprott Asset Management Inc 10,457,761 3.06 4,392,259 Dec 31, 2010
WELLINGTON MANAGEMENT COMPANY, LLP 36,889,619 10.78 15,493,639 Dec 31, 2010
GOODMAN & COMPANY INVESTMENT COUNSEL 4,373,400 1.28 1,836,828 Dec 31, 2010
CANADA PENSION PLAN INVESTMENT BOARD 3,260,046 0.95 1,369,219 Dec 31, 2010
Harris Financial Corp 2,460,922 0.72 1,033,587 Dec 31, 2010
RENAISSANCE TECHNOLOGIES, LLC 1,704,500 0.50 715,890 Dec 31, 2010
COMMONWEALTH BANK OF AUSTRALIA 1,639,300 0.48 688,506 Dec 31, 2010
BARCLAYS PLC 1,111,875 0.32 466,987 Dec 31, 2010
GOLDMAN SACHS GROUP INC 785,230 0.23 329,796 Dec 31, 2010
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
VANGUARD SMALL-CAP INDEX FUND 4,087,467 1.19 2,125,482 Sep 30, 2010
VANGUARD TOTAL STOCK MARKET INDEX FUND 3,836,751 1.12 1,995,110 Sep 30, 2010
SEI INSTITUTIONAL INVESTMENT TR-SMALL CAP FUND 3,087,200 0.90 1,389,240 Nov 30, 2010
HARTFORD SMALL COMPANY HLS FUND, INC. 2,720,600 0.80 1,142,652 Dec 31, 2010
VANGUARD SMALL CAP VALUE INDEX FUND 2,528,525 0.74 1,314,833 Sep 30, 2010
SEI INSTITUTIONAL INVESTMENT TR-SMALL/MID CAP EQUITY FUN 1,772,024 0.52 797,410 Nov 30, 2010
Vantagepoint Discovery Fund 1,594,400 0.47 829,088 Sep 30, 2010
HARTFORD SMALL COMPANY FUND 1,355,700 0.40 569,394 Dec 31, 2010
Vanguard Energy Index Fund 890,047 0.26 400,521 Nov 30, 2010
VANGUARD INSTITUTIONAL INDEX-INST TOTAL STOCK MARKET IND 671,858 0.20 349,366 Sep 30, 2010
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DPTR Who owns this Oil and Gas Giant? Top Institutional Holders
Holder Shares % Out Value* Reported
VANGUARD GROUP, INC. (THE) 10,070,787 3.53 7,653,798 Dec 31, 2010
BlackRock Institutional Trust Company, N.A. 5,511,105 1.93 4,188,439 Dec 31, 2010
BlackRock Fund Advisors 4,647,620 1.63 3,532,191 Dec 31, 2010
STATE STREET CORPORATION 3,621,214 1.27 2,752,122 Dec 31, 2010
NORTHERN TRUST CORPORATION 2,347,400 0.82 1,784,024 Dec 31, 2010
RENAISSANCE TECHNOLOGIES, LLC 992,213 0.35 754,081 Dec 31, 2010
DIMENSIONAL FUND ADVISORS LP 991,065 0.35 753,209 Dec 31, 2010
CALPERS (CALIFORNIA-PUBLIC EMPLOYEES RETIREMENT SYSTEM) 827,406 0.29 628,828 Dec 31, 2010
Bank of New York Mellon Corporation 779,267 0.27 592,242 Dec 31, 2010
TIAA-CREF INVESTMENT MANAGEMENT, LLC 735,852 0.26 559,247 Dec 31, 2010
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
VANGUARD TOTAL STOCK MARKET INDEX FUND 3,234,013 1.13 2,554,870 Sep 30, 2010
VANGUARD SMALL-CAP INDEX FUND 2,573,884 0.90 2,033,368 Sep 30, 2010
ISHARES RUSSELL 2000 INDEX FD 2,401,585 0.84 1,729,141 Jan 31, 2011
VANGUARD SMALL CAP VALUE INDEX FUND 1,581,595 0.55 1,249,460 Sep 30, 2010
ISHARES RUSSELL 2000 VALUE INDEX FD 1,554,112 0.54 1,118,960 Jan 31, 2011
VANGUARD EXTENDED MARKET INDEX FUND 1,006,486 0.35 795,123 Sep 30, 2010
COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT 653,306 0.23 516,111 Sep 30, 2010
Vanguard Energy Index Fund 626,525 0.22 476,159 Nov 30, 2010
DFA U.S. SMALL CAP SERIES 589,067 0.21 430,018 Oct 31, 2010
SPARTAN EXTENDED MARKET INDEX FUND 396,867 0.14 301,618 Dec 31, 2010
http://canadametals.info
DPTR Delta Pete has approximately 126.7 billion cubic feet of natural gas, and 4.5 Million barrels of crude oil! Strong buy 3/7/11. Only 1.15 a share? Time to get some cheapies before the great bull run! Wow. We could see a gigantic run this week. in my opinion. Oil Prices are up again $106.30 +$1.88 1.80%
Delta Petroleum Corporation and its subsidiaries engage in the exploration, acquisition, development, production, and sale of natural gas and crude oil primarily in the Rocky Mountain and onshore Gulf Coast regions. The company owns interests in developed and undeveloped oil and gas properties in federal units offshore California, near Santa Barbara; and developed and undeveloped oil and gas properties in the continental United States. It also engages in contract drilling operations, as well as providing moving services for third party drilling rigs in the Casper, Wyoming area. As of December 31, 2009, the company?s proved reserves were comprised of approximately 126.7 billion cubic feet of natural gas, and 4.5 Mmbbls of crude oil. Delta Petroleum Corporation was founded in 1984 and is based in Denver, Colorado.
http://www.deltapetro.com
http://twitter.com/oilrigjobs
DPTR will surpass $2.00 this week. Mark this post. IMO!!
GO DEJOUR ENTERPRISES DEJ!!
Energy & Oil Prices
OIL ($/bbl)
PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 106.12 1.70 1.63% 00:17
Dated Brent Spot 116.86 1.14 0.98% 00:26
WTI Cushing Spot 104.42 2.51 2.46% 03/04
OIL (¢/gal)
PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil Future 311.07 2.14 0.69% 00:11
Nymex RBOB Gasoline Future 307.59 2.95 0.97% 23:44
NATURAL GAS ($/MMBtu)
PRICE* CHANGE % CHANGE TIME
Nymex Henry Hub Future 3.77 -0.04 -1.16% 00:12
Henry Hub Spot 3.70 -0.05 -1.33% 03/04
New York City Gate Spot 3.99 -0.13 -3.16% 03/04
ELECTRICITY ($/megawatt hour)
PRICE* CHANGE % CHANGE TIME
Mid-Columbia, firm on-peak, spot 24.06 6.38 36.09% 03/04
Palo Verde, firm on-peak, spot 28.62 4.24 17.39% 03/04
BLOOMBERG, FIRM ON-PEAK, DAY AHEAD SPOT/ERCOT HOUSTON 32.85 1.04 3.27% 03/04
why dejour?
U.S. gasoline prices increased nearly 33 cents in a two-week period, the second-biggest price jump in the history of the gasoline market, according to a survey of stations.
http://twitter.com/canadapetro
http://twitter.com/bakkenshale
http://twitter.com/oilrigjobs
http://fortmcmurraysands.com
U.S. gasoline prices increased nearly 33 cents in a two-week period, the second-biggest price jump in the history of the gasoline market, according to a survey of stations. Delta Pete DPTR to the moon!
http://twitter.com/canadapetro
http://twitter.com/bakkenshale
http://twitter.com/oilrigjobs
DELTA PETE Book Value Per Share: $1.91, Market Cap: $325.15 Million. Strong buy. Could open at $2.00 on Monday considering oil is skyrocketing & natural gas following suite. GLTA
Insider Transactions Reported - Last Two Years
Date Insider Shares Type Transaction Value*
Jan 4, 2011 FONCK JEAN-MICHELDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 MANDEKIC ANTHONY LEODirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 MURREN JAMESDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 LARSON ALERON H JRDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 COLLINS KEVIN RDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 TAYLOR DANIEL JDirector 87,000 Indirect Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 TAYLOR DANIEL JDirector 87,000 Direct Disposition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 TAYLOR DANIEL JDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 ECKELBERGER JERRIE FDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 SMITH JORDAN RDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 LEWIS RUSSELL SDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2011 BROWN HANKDirector 87,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Sep 16, 2010 LAKEY CARL E.Officer 1,000,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Sep 16, 2010 FREEDMAN STANLEY FOfficer 700,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Sep 16, 2010 NANKE KEVIN KOfficer 800,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Sep 16, 2010 COLLINS KEVIN RDirector 50,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jul 7, 2010 LAKEY CARL E.Officer 65,151 Direct Disposition (Non Open Market) at $0.82 per share. 53,423
Jul 7, 2010 FREEDMAN STANLEY FOfficer 96,182 Direct Disposition (Non Open Market) at $0.82 per share. 78,869
Jul 7, 2010 NANKE KEVIN KOfficer 107,563 Direct Disposition (Non Open Market) at $0.82 per share. 88,201
Jul 6, 2010 LAKEY CARL E.Officer 670,296 Direct Statement of Ownership N/A
Jun 24, 2010 WALLACE JOHNOfficer 146,319 Direct Disposition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 SMITH JORDAN RDirector 48,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 MANDEKIC ANTHONY LEODirector 28,800 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 ECKELBERGER JERRIE FDirector 48,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 FONCK JEAN-MICHELDirector 28,800 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 MURREN JAMESDirector 48,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 LARSON ALERON H JRDirector 48,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 COLLINS KEVIN RDirector 48,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 TAYLOR DANIEL JDirector 87,178 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 LEWIS RUSSELL SDirector 48,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
Jan 4, 2010 BROWN HANKDirector 48,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
NATURAL GAS PRICES AND ETF'S STARTING TO FLY AGAIN. GO DPTR!!
http://finance.yahoo.com/q?s=UNG
DEJ & DPTR ONLY. THESE BABIES UP HUGE AND MONDAY THEY WILL BE SCREAMING BUY.
true. all the canadian sands stocks ran, su, bqi and dej. bqi is my fav :) Go oilsands quest
cwrn going down again timmmber -0.001 (-4.00%)
WOOOOOOOOOOOOW! DRYS DRYSHIPS CARGO & OIL DRILLER Black gold is all over the web!
http://twitter.com/canadapetro
http://twitter.com/oilrigjobs
http://twitter.com/oiljobs
http://twitter.com/sincitylv
http://twitter.com/macauchina
http://twitter.com/lvhotels
GO DRYS SEE YA AT $7.00 IN THE SHORT TERM IMO
WOOOOOOOOOOOOW! Delta DPTR Black gold is all over the web!
http://twitter.com/canadapetro
http://twitter.com/oilrigjobs
http://twitter.com/oiljobs
http://twitter.com/sincitylv
http://twitter.com/macauchina
http://twitter.com/lvhotels
GO DPTR SEE YA AT $2.00 IN THE SHORT TERM IMO
shorty you lost your butt selling dej. this run is only the beginning. canada sands look at suncor energy dauh.
WOOOOOOOOOOOOW! DEJ Canadian Sands Black gold is all over the web!
http://twitter.com/canadapetro
http://twitter.com/oilrigjobs
http://twitter.com/oiljobs
http://twitter.com/sincitylv
http://twitter.com/macauchina
http://twitter.com/lvhotels
GO DEJ SEE YA AT $2.00 IN THE SHORT TERM IMO
that is why cwrn is falling. timmmmbbbeerr. you cant catch a falling knife.
CWRN is going to deliver iron ore to china right? China is over supplied for the year 2011.
http://www.thestreet.com/_yahoo/video/11023325/slowing-steel-china-watch.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#813381115001
http://twitter.com/macauchina
After hours trading EXTENDED: Dryships Stock DRYS
Last: 5.07 +0.060 (+1.20%), Cano Petroleum CFW 0.65 +.0506 (+8.44%), DPTR. Oil Watch Alert.
Wake me up when cano hits $8.00 Like it was in 2008!
Delta Petroleum (DPTR) DPTR was $25 in 2008! Strong buy! They turned their balance sheet around from a $90 million loss last year to $13 Million Gain this year! DAUH. Doesn't take a rocket scientist to figure this out. We should be sitting at $7.50 imo
http://bakkenshale.org