There are a few reasons why I recently took an interest in Freemont Petroleum (FPL.ASX $0.011), the first was that they had an existing gas reserve in place, (the “Backup Value”), and they owned 100% of a large 21,500 acre field, for which they are getting first results in as... Show More
With four fully funded high impact wells expected to be drilled on two potentially company making projects over the next two years, Melbana Energy is now realising the fruition of a period where it has built up an unrisked Prospective Resource base of 1.1 Bboe. Show More
Royal Dutch Shell’s valuations make its stock look very tempting despite concerns over electric cars taking over. Show More
The September 2017 quarterly report spelled out a renewed bullish message from the International Fund team: the oil price is headed higher. The Australian Fund has not had as many oil exposed stocks to choose from, but we have recently added to the Fund’s oil exposure. It’s an asset heavy... Show More
Having signed an agreement to farm into ~39,000 net acres in the highly prospective liquids-rich Montney acreage at ~C$650/acre, Calima Energy now has significant short-term upside potential with recent transactions over the Montney Formation of the Western Canadian Sedimentary Basin valuing land at from C$2,000 to C$5,500/acre. Show More
Whilst we don’t see a return of Santos to a share price above $10 anytime soon, a level seen only a few years ago, we believe long term investors should be thinking of accumulating troubled situations such as this for a turnaround. Show More
I recently sat down with Ian Davies , Age 39, MD & CEO of Senex Energy Limited as part of the Morgans "40 under 40" podcast series. Ian and I discuss why he joined Senex and the exciting path they are on , as well as insights in to culture,... Show More
Oil market participants are waiting on the outcome of the OPEC meeting to be held in Vienna next Wednesday. As the date draws closer, the Commodity Futures Trading Commission reported that bets on oil recently reached their highest level for a weekly period since 2007. Romano Sala Tenna, Portfolio Manager... Show More
PortfolioDirect has been publishing resource sector equity portfolio models since mid-2013 stratified to reflect the three development stages within the industry (from exploration to mature production). The segmented approach was designed to assist financial advisers to better match risk with investor profiles. PortfolioDirect also offers a macro overlay model based... Show More
Oil and gas company Oil Search Limited (ASX: OSH) announced today it would look to acquire InterOil Corp for US$2.2 billion. Both companies currently have extensive oil and gas acreage in Papua New Guinea, with the acquisition resulting in the creation of a “major independent PNG oil and gas champion”.... Show More
Since late 2014 we have had a bias in our risk allocation towards a defensive stance. This has led to large underweights to energy, bulks, and metals (except Lithium producers which we have been overweight). We have held a neutral position for gold in the large cap portfolios and overweight... Show More
RNI reported a 3 metre intersection of massive pyrite with associated copper, silver and gold at its Orient prospect on the faulted southern margin of the Bryah Basin from intensely siliceous and chloritic altered sediment at a depth of 96 metres. The interval coincides with a defined geophysical anomaly associated... Show More
According to a new report from Deloitte, 35 oil & gas companies with a total of $18 billion of debt went bankrupt in 2015. While this is only about half of what was seen in 08/09, the report suggests there could be a lot more to come. “Nearly 35 percent... Show More
Today, BHP Billiton (ASX: BHP) announced a US$10 billion after tax write down on its onshore United States (US) oil and gas assets resulting from an oil price fall of more than 30% over the last three months. The company said it expects to take an impairment charge of US$7.2... Show More
Oil and gas producer Santos (ASX: STO) has rejected a $6.88 per share takeover offer from Bermuda based Sceptre Partners valuing the company at $7.1 billion. The company said the proposal was considered to be “opportunistic in nature and does not reflect the fair underlying asset value of the company”.... Show More
Executives at oil and gas juniors may be indulging their personal aspirations at the expense of shareholder outcomes. The PortfolioDirect rating reviews of oil and gas sector stocks have been highlighting a common feature. Executives, often with large company backgrounds, are highly adept at identifying and defining interesting geologies. In... Show More
As oil began crashing late last year, many prepared for a buying spree. Shale was going on sale. That sale has yet to show up. Global oil and natural gas deals so far this year are at the lowest level in a decade. The oil and gas producers that created... Show More
Without the benefit of macro forces to attract investors, resource sector equity prices are showing a strong tendency to revert to historical levels or follow well-defined trading patterns. Long gestation offshore oil and gas project developers are especially vulnerable. Carnarvon Petroleum is showing how even relatively successful companies succumb in... Show More
