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Doug Casey Nov 15 Is US Oil Production Set to Plummet?
Keith Schaefer Nov 11 The Madness of the EU’s Energy Policy
Doug Casey Nov 08 Oil Market Update
Clive Maund Nov 03 Total War over the Petrodollar
Doug Casey Oct 28
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expert analysis & newsletter briefs
"One of my favorite small-cap service companies is ENSERVCO Corp. Its forte is heating up oil to improve flow. The company works with hot oil trucks, frack water heating units and acidizing. These technologies are not particularly new or complex, but ENSERVCO is very good at what it does and it performs to customers' timetables. I have listed ENSERVCO as a Speculative Buy, because a lot of small service companies have to fight hard to make their way in a competitive arena. But ENSERVCO's trucks are servicing a lot of basins, and the company is building itself a good reputation, well by well. I have put a $4/share price target on it."
The Energy Report Interview with Rudolf Hokanson
"Hemisphere Energy Corp.'s Q3/14 production increased 31% sequentially to exceed our expectations, averaging 725 boe/d (86% oil) due to the successful summer drill program at Atlee Buffalo. . .strong netbacks despite softening commodity prices resulted in quarterly cash flow of $2.3M, or $0.03/share, a 46% sequential increase and 36% above our expectations. . .with four more wells coming online at the end of the month, we expect the company to exit the year well over 1,000 boe/d and be in a solid position to continue to grow production, cash flow and reserves organically in 2015 with over 100 drilling locations in inventory."
Industrial Alliance Securities
"Manitok Energy Inc.'s Q3/14 is in line, and its production guidance reaffirmed. . .Entice production is slated to be tied-in in December and in Q1/15 following the completion of the multi-well battery. There is enough behind pipe production that management expects South Entice will keep the 7 Mmcf/d gas plant at capacity (~1,800 boe/d, ~40% liquids). . . at Stolberg, one well is currently planned for Q1/15. As a result, H1/15 capex is expecting to be only 60–70% of cash flow, which should see ~$9M in debt reduction."
Dundee Capital Markets
"Enterprise Group Inc. reported Q3/14 revenue of $18.8M. . .at quarter end, the company had cash and equivalents of $8.6M. . .we continue to rate Enterprise a Buy."
"Enterprise Group Inc. reported Q3/14 revenue increased 88% to $18.8M; EBITDA was $4.6M compared to $3.9M last year and EPS was $0.01. . .the Utility/Infrastructure division increased revenue by 25% to $12M, and the Equipment Rental Services division increased revenue by $6.4M to $6.7M. . .management has maintained its capex plan for FY/14 which includes $3M for underground and tunneling equipment, $2M for hydrovac trucks and $15M for flameless heaters and well-site rental equipment. . .we are maintaining our Buy rating; the company will benefit from pipeline construction, expansion of utility infrastructure, and oil and gas activity."
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November 25th, 2014
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