Energy
Our research reports are best viewed with with the most recent version of Adobe Acrobat Reader. Download a FREE copy here.
Oilfield Services
Industry Presentation by FRC at the Investorideas.com Oil and Gas
Conference (audio and slides presentation)
Fundamental Energy Monthly:
Oversupply and a weakening U.S.
economy put downward pressure on oil prices
|
Bontan Corporation Inc. Bontan Corporation Inc. is a North American based oil and gas company headquartered in Toronto, Canada. Through its wholly owned subsidiary, Bontan Oil and Gas Corporation, it seeks highly visible opportunities that offer exciting and attractive projects in countries around the globe with a history of oil and gas production. It plans to minimize exploration risk by bringing in either joint venture, carried, or working interest partners. |
|
10/31/2005 |
Exploratory Well Unsuccessful; Downgrade to SELL (3 Pages) |
|
09/14/2005 |
Initiating Coverage (18 Pages) |
|
Canoro Resources Ltd. Canoro Resources Ltd. is a junior international upstream oil and gas company headquartered in Calgary, Alberta, Canada. The company’s principal business is to carry out the acquisition, exploration and development of petroleum and natural gas properties in India. |
|
01/09/2006 |
Dropping Coverage (2 pages) |
Subscribers Only |
12/06/2005 |
Maintaining fair value; promising developments (6 pages) |
|
10/07/2005 |
Exploratory well unsuccessful; Reducing fair value |
|
08/25/2005 |
FY05 Below Expectations; Macros Positive (11 Pages) |
|
03/31/2005 |
Initiating Coverage (25 Pages) |
|
Derek Oil and Gas Corporation Derek Oil & Gas Corporation, based in Vancouver, Canada, is an oil exploration, development and production company. The company is currently the operator (with a 95% working interest) of an 8,000-acre property (LAK Ranch property) located in Weston County, Wyoming, on the eastern margin of the Powder River Basin, one of the richest petroleum basins in the Rocky Mountains. The LAK Ranch project is expected to commence commercial production this summer. |
|
06/11/2007 |
Initiating Coverage; Expecting to Commence Commercial Production
this Summer (23 Pages) |
Subscribers Only |
|
Enerchem International Inc.. Enerchem International Inc. is a manufacturer and distributor of hydrocarbon drilling and fracturing fluids designed to provide cost effective solutions to the oil and gas industry and specialty solvents to help resolve production and processing problems. ECH is also a provider of energy marketing services and fluid transportation and other related oilfield services. |
|
09/24/2008 |
||
03/26/2008 |
'07 and Q1 '08 Results;Weak YTD Oilfield Activities; Corporate
Developments (13
Pages) |
Subscribers Only |
03/05/2008 |
Q3 Inline, Q4 Bleak, 2008 No Signs of Recovery Despite Higher
Prices (12
Pages) |
Subscribers Only |
08/23/2007 |
Slowdown Continues Into Q2 as Expected (12
Pages) |
Subscribers Only |
05/11/2007 |
Significantly Lower Alberta Drilling Activity Impacts Q1 (10
Pages) |
Subscribers Only |
04/10/2007 |
Weak Q4 and Energy Marketing Lead to Lower Than Expected YE2006 (11
Pages) |
Subscribers Only |
02/27/2007 |
Initiating Coverage; Solid Fluid Performance (21
Pages) |
Subscribers Only |
|
Global Energy Services Ltd. Global Energy Services Ltd. provides communication systems, wireless gas detection and artificial lift solutions to the oil and gas industry. Based in Calgary, Alberta – with offices throughout Western Canada – Global Energy has been creating cost-effective products and providing superior customer service since 1994. |
|
10/03/2007 |
Q2 Sales Decline Significantly; Communication Segment Takes $2.3mm
Writedown
(10
Pages) |
Subscribers Only |
06/13/2007 |
Q1 2007 Sales Weaker Than Expected due to Temporary Factors
(8
Pages) |
Subscribers Only |
05/17/2007 |
YE2006 Below Expectations; Mixed Outlook (11
Pages) |
Subscribers Only |
10/17/2006 |
Initiating Coverage; Pump Division Growth Not Reflected in Stock (18
Pages) |
|
Great Plains Exploration Inc. Great Plains is a junior oil and natural gas company engaged in the production, exploration, development and acquisition of projects in Western Canada. GPX is currently focusing on high netback light oil plays in Alberta, and natural gas plays in NE BC. The company is currently producing 2,200 boepd (approximately 64% gas), with an additional 600 boepd behind pipe. |
|
11/14/2008 |
|
Maxim Resources Inc. Maxim Resources Inc. (MXM) is a Canadian based junior oil and gas company. It owns interests in Texas, New Zealand and Thailand. The company participates as a minority partner in oil and gas drilling projects. These projects have significant upside potential and also significant risk. |
|
05/21/2007 |
Unanticipated Delays at South Erin, Trinidad; Final Report (13
Pages) |
|
12/11/2006 |
Breakthrough at South Erin, Trinidad (10
Pages) |
|
07/05/2006 |
Update on Developments (9
Pages) |
|
04/12/2006 |
Initiating Coverage (13
Pages) |
|
Petromin Resources Ltd. Petromin Resources Ltd is an oil and gas company focusing on finding and enhancing petroleum and coalbed methane (CBM) reserves worldwide through C02 Capture and Sequestration (CCS) Technology. Currently, they are focusing on developing two ECBM projects in China. The company also has interests in five projects in Alberta, Canada; four of which are currently producing at 112 bpd net for Petromin. |
|
04/15/2008 |
Initiating Coverage; Implementing C02 Capture and Sequestration
Technology in China (28 Pages) |
Subscribers Only |
|
Stream Oil & Gas Ltd. Stream Oil & Gas is an emerging E&P company with one gas and three oil projects in Albania. All projects are currently in production. The company is focused on increasing hydrocarbon production via reactivation and redevelopment of the wells, and by utilizing enhanced recovery techniques. |
|
09/25/2008 |
|
Stylus Energy Inc. Stylus Energy Inc. is a Calgary – based oil and gas exploration and production company mainly focusing on natural gas production in Alberta. Currently, Stylus has 3.4 million barrels of oil equivalent (boe) of proved and probable reserves and has a current production level of 1,325 to 1,350 boe per day (boepd), constituting 87.5% of natural gas and the remaining 12.5% of oil and natural gas liquids. |
|
05/09/2007 |
Fundamentals Remain Strong; Positive Developments in Q1-2007;
Final Report (17
Pages) |
Subscribers Only |
11/27/2006 |
Good
performance amidst depressed gas prices (14
Pages) |
|
08/31/2006 |
||
06/28/2006 |
Initiating Coverage; Expecting Growth From Vulcan (27
Pages) |
|
Texalta Petroleum Ltd. Texalta Petroleum Ltd. is a junior oil and gas company with some interesting exploration and development projects in the Northern Territory of Australia. The risks associated with exploration are offset by the company’s interest in several existing producing wells in southeastern Saskatchewan, Canada. |
|
06/03/2008 |
Increasing focus on Saskatchewan due to “Bakken Rush” and rising
Alberta royalties (12 Pages) |
Subscribers Only |
11/22/2007 |
Signs LOI to transfer up to 60% interest Georgina Basin projects;
Fair Value Raised (7 Pages) |
Subscribers Only |
07/31/2007 |
Positive Drilling Results at Wild Westwood (7 Pages) |
|
06/27/2007 |
Initiating Coverage; Exposure to Highly Prospective Underexplored
Aus. Basin (26 Pages) |
|
Transeuro Energy Corp. Transeuro Energy Corp. is a global exploration and production (E&P) company with a diverse portfolio of high potential projects in 4 different regions across the world – Canada, Crimean Peninsula (Ukraine), Papua New Guinea and Armenia. The Beaver River Project in B.C., Canada is currently producing and the fields in Ukraine are expected to start production in 2008. The company is preparing an aggressive exploration and development program (costing $92 million) on all 4 of its properties in the next 12 months. |
|
05/22/2008 |
Focusing on Ukraine; Disappointing results in Canada and Armenia -
FINAL REPORT (15 Pages) |
Subscribers Only |
07/27/2007 |
Lowers Risk by Signing LOI to Transfer Ownership of Licenses in
PNG (12 Pages) |
Subscribers Only |
05/08/2007 |
New Resource Estimates Leads to Increased Confidence (14 Pages) |
Subscribers Only |
04/16/2007 |
Initiating Coverage; E&P Co. With Balanced Risk-Return Profile (35 Pages) |
Subscribers Only |
|
Western Energy Services Corp. Western Energy Services Corp. (WSV) is a Canadian based oil service company. It operates primarily in West Texas and Canada. The main lines of business are coiled tubing services, well testing services, downhole tool rentals and stimulation services. |
|
12/01/2008 |
Suspending Coverage (2 Pages) |
Subscribers Only |
07/08/2008 |
Continuing to focus on production optimization; Significant debt
due in 2008 (11 Pages) |
Subscribers Only |
11/09/2007 |
Repositioned Company; Restructuring Showing Positive Effects (17 Pages) |
Subscribers Only |
08/18/2006 |
Initiating Coverage (16 Pages) |
