"Fission Uranium Corp. announced assay results from another nine holes in the R00E zone at its 50%-owned Patterson Lake South property. . .highlight hole PLS13-043 intersected 4.8% U3O8 over 22m, including 20.73% over 4m, for a GT of 105.6. . .the company continues to impress with positive exploration results at PLS. This project has become almost a focal point of the sector, its high grades and considerable upside potential foreshadowing that it might ultimately prove to be one of the most important uranium discoveries in the Athabasca Basin."
(5/17/13)
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David Talbot,
Dundee Securities
"Chesapeake Energy Corp. has raised its production guidance for both oil and natural gas on improved well performance and increasing use of pad drilling, while reducing guidance for costs and expenses because of efficiency gains. . .adjusted Q1/13 earnings were $226M, or $0.30/share, 20% above consensus estimate, on higher average realizations and production, and grew 64% YOY and 15% sequentially. . .the company has signed or closed on $2B of asset sales as part of its $4–7B program. . .Chesapeake continues to improve operating efficiency across its key plays from increased pad drilling, reduced cycle times, and targeting the best reservoirs in its core acreage."
(5/17/13)
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Fadel Gheit,
Oppenheimer & Co.
"Coalspur Mines Ltd. released Q1/13 financial results . . .given the company's developer status and the fact that the results contained nothing unexpected, the financial results are not expected to have an immediate material impact on the stock. . .Coalspur's Vista project is peerless across North America. We believe that the 11+ Mtpa potential scale of the high-energy thermal coal project is unchallenged across other development-stage company projects. . .the project has potential to be a long-life operation with solid project economics."
(5/16/13)
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Colin Healey,
Haywood Securities
"Companies active in the Marcellus sweet spot in northwestern West Virginia include Chesapeake Energy Corp. . .Chesapeake is now in the process of unwinding the former corporate strategy. Chesapeake used to accumulate speculative land with the hope of being able to resell it into a joint venture. . .rather than spend the capital to drill in order to get high land prices, the company chose to exit the positions and refocus capital on its core areas. The new strategy makes sense, but it is a big change."
(5/16/13)
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The Energy Report Interview with Josh Young
"Companies active in the Marcellus sweet spot in northwestern West Virginia include Chesapeake Energy Corp. . .Chesapeake is now in the process of unwinding the former corporate strategy. Chesapeake used to accumulate speculative land with the hope of being able to resell it into a joint venture. . .rather than spend the capital to drill in order to get high land prices, the company chose to exit the positions and refocus capital on its core areas. The new strategy makes sense, but it is a big change."
(5/16/13)
-
The Energy Report Interview with Josh Young
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Robert J. Moriarty