Streetwise Oil & Gas - Exploration & Production Articles
Oil & Gas Producer Sees 145% Rise in FY22 Production
Source: Streetwise Reports (9/14/22)
Shares of Evolution Petroleum Corp. traded 19% higher after the U.S. onshore oil and gas producer reported that during FY/22 it increased production by 145% YoY and achieved a 233% increase in annual revenue. The company advised that it is raising its quarterly cash dividend by 20% and is initiating a $25 million share buyback program.
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Oil & Gas Spinout Co Is a 'Good Buying Opportunity,' Analyst Says
Source: Bill Newman (9/7/22)
This firm is undervalued, has a near-producing oil asset in Alberta with large resource potential and upside, and is pursuing an opportunity to expand in Thailand, noted Research Capital Corp., which initiated coverage on it.
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Oil & Gas Producer Benefits from Surge in Natural Gas Prices
Source: Streetwise Reports (9/2/22)
Shares of Trillion Energy International Inc. traded 14% higher to a new 52-week high after the company reported it has increased the price it receives for natural gas by 47% to US$31/Mcf.
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Peru's Largest Oil Producer Posts Record Net Income in Q2
Source: Streetwise Reports (8/25/22)
PetroTal Corp. shares traded 11% higher after the company reported Q2/22 financial results highlighting seven consecutive quarters of production growth and reaffirmed its FY/22 guidance for average production of 15,000 bbl/d.
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Oil & Gas Co. Gets Clearance for 200 Mcf/Day Natural Gas Plant
Source: Streetwise Reports (8/17/22)
Shares of Touchstone Exploration Inc. traded 16% higher after the company reported it received environmental approval for construction of a two hundred million cubic feet multi-well surface production facility in Trinidad.
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Offshore Oil Driller Boosts Output to 3.9 MMBoe in Q2
Source: Streetwise Reports (8/8/22)
W&T Offshore Inc.'s shares traded 17% higher after the oil and gas producer reported Q2/22 financial results featuring a 106% YoY increase in revenue. The company noted it has been successful in increasing its proven reserves, reducing net debt levels, and is continuing to focus on generating free cash flow for shareholders.
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Energy Co. Looks for Cash Producing Oil & Gas Assets in Africa
(7/29/22)
Tenaz Energy Corp. reported it was unsuccessful in obtaining the number of votes needed from SDX Energy Plc.'s shareholders to acquire the company. The firm continues to search for other oil and gas assets to acquire in North Africa and the Middle East that are congruent with its high free cash flow generation strategy. Research Capital Corp. advised in a research note that it is maintaining its Speculative Buy rating and CA$5.00 Target Price on the company.
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Oil Price Problem? Expert Says Look to 2011
Source: Michael J. Ballanger (7/11/22)
Expert Michael Ballanger reviews this week's updates in the oil and gas sector, specifically his view on the U.S. government's handling of sanctions against Russia and how that will impact the economy.
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Chen's Top Picks for Q3
Source: Streetwise Reports (6/30/22)
Need to know where to go in these turbulent times? Asset manager Chen Lin has some ideas with his top picks for the third quarter.
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US E&P Co. Receives Take-Private Offer
Source: Streetwise Reports (6/15/22)
Continental Resources Inc. shares traded 15% higher to a new 52-week high after the oil and gas company announced it received a non-binding buyout proposal for $70 per share in cash from the firm's largest shareholder Chairman Harold G. Hamm and the Hamm Family Trust.
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Oil and Gas E&P to Spin Out Assets
(6/15/22)
"The market is pricing in very little for the new company, and given our expectations for continued strong oil prices, we believe this is a buying opportunity," noted a Research Capital Corp. report regarding Pan Orient Energy Corp.
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Record Natural Gas Prices Helping Co. to Become Cash Cow as Big Oil Rakes in Billions
Source: Kerry Lutz (5/18/22)
With Europe going through a major energy crisis, Rystad Energy, a respected energy consulting group, has predicted that European gas prices could triple again. Expert Kerry Lutz reviews how Trillion Energy could be the one to fill that void.
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FANG Strikes Merger Deal With Rattler
Source: Streetwise Reports (5/16/22)
Rattler Midstream LP shares rose 15% after the company reported it entered into an all-stock merger agreement with Diamondback Energy Inc.
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Oil Prices Helping Co. Make Move to Green Energy
Source: Streetwise Reports (5/11/22)
This energy company is pivoting to hydrogen, but it still has some interests in the oil and gas sector.
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Oil and Gas Firm to Sell But Retain Land, Launch New Co.
Source: Streetwise Reports (4/4/22)
With funds from the sale, this energy company will be able to advance its new entity to the development phase and grow, noted a Haywood Securities report.
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Chen's Top Picks for Q2 2022
Source: Streetwise Reports (4/1/22)
Asset manager and contributing writer Chen Lin looks to the biotechnology and mining sectors for his top second quarter picks.
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Analyst: Now Is a Good Time to Review Crude Oil
Source: Clive Maund (3/8/22)
It has been a wild week for crude oil. Technical analyst Clive Maund reviews the trends.
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Two Leading US E&P Cos. Join Forces in $6.0B Merger
Source: Streetwise Reports (3/7/22)
Shares of two leading independent exploration and production companies traded higher after they reported they entered into an agreement to combine operations in what was referred to as a "merger of equals," creating a new entity with a total enterprise value of around $6.0 billion.
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Oilfield Services Co. Projects 25% Revenue Growth for Q4
Source: Streetwise Reports (1/4/22)
Shares of land-focused oil services firm NexTier Oilfield Solutions Inc. traded 27% higher after the company reported it expects Q4/21 revenues will be in the range of $500-510 million and advised that its 32-unit fracking rig fleet will be fully deployed in Q1/22.
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Large Royalty Company Shifts Talk on Diversification as It Grows
Source: Adrian Day (11/23/21)
Adrian Day, in the Global Analyst newsletter, discusses Franco-Nevada's diversification of royalty assets, as well as providing updates on other precious metals companies he follows, including one strong buy.
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Deja Vu in the World of Junior Mining
Source: Michael Ballanger (11/23/21)
Precious metals expert Michael Ballanger takes a look at the markets and homes in on one company in particular.
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Oil & Gas Firm's Cash Flow Expected to Remain Strong Through 2022, Analyst Says
Source: Streetwise Reports (11/15/21)
"Higher commodity prices are providing Gran Tierra Energy with additional financial flexibility to service debt and to fund growth in 2022," noted a Research Capital Corporation report.
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Junior Oil & Gas Co. Perceives Timing Is Good to Exit Thailand and Canadian Operations
Source: Streetwise Reports (11/1/21)
Research Capital Corp. advised that Canadian oil and gas explorer and producer Pan Orient Energy Corp. may be "getting out while the getting is good," and is exploring opportunities to exit from its assets in Thailand and Canada.
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Norwegian Oil & Gas Firm Misses Q3/21 Production Expectations but Remains Top Pick
Source: Streetwise Reports (10/18/21)
Underperformance in the Ula field led to Aker BP's 2–3% production shortfall during the quarter, a Pareto Securities report noted.
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Plug Power Plans Green Hydrogen Projects With Phillips 66 and Airbus
Source: Streetwise Reports (10/13/21)
Plug Power Inc. shares traded 12% higher after the company reported it entered into a collaboration agreement with Phillips 66 to develop and advance low-carbon hydrogen business opportunities. The company advised that it is also joining forces with Airbus on efforts to decarbonize air travel and airport operations with green hydrogen.
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