John Vechey of PopCap Games recently joined The Motley Fool for a climate change summit. His first panel guests were Dr. Rachel Cleetus and Dr. Joe Casola. Rachel is a Climate Economist with the Union of Concerned Scientists, where she advocates for effective global warming policies at the state, regional, federal, and international levels. Joe is Program Director for Science and Impacts at the Center for Climate and Energy Solutions (C2ES), which works to assess the current state of knowledge regarding climate change and its impacts, and to promote actions that strengthen climate resilience.
Rachel defines "skepticism," and what it does and does not mean in the climate change "debate." There are some valid issues and questions to be asked regarding climate science -- Joe shares several of them -- but the fact of global warming, and humanity's role in causing the change, are not among them. Their message is important pushback against companies like ExxonMobil (NYSE: XOM ) , which spend heavily on efforts to deny climate science in the public domain. With growing momentum behind efforts to deal with the climate change threat, ExxonMobil may find itself on the wrong side of history.
Top 10 Sliver Companies To Invest In 2015: Pengrowth Energy Corp (PGH)
Pengrowth Energy Corporation (Pengrowth) is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan, Ontario and Nova Scotia. The Company�� producing properties include Lindbergh, Swan Hills Area, Greater Olds/Garrington Area and Southeast Saskatchewan. In February 2012, the Company commenced the injection of steam at its Lindbergh pilot project. On May 31, 2012, the Company acquired NAL Energy Corporation. In November 2012, the Company acquired additional Lochend Cardium assets with production capability of approximately 650 barrels of oil equivalent, weighted 95% to light oil. In March 2013, the Company completed the divestiture of its non-core Weyburn asset. Advisors' Opinion:- [By Stephan Dube]
Cold Lake's most notable producers:
Husky Energy (HUSK.PK), see article here.Pengrowth Energy Corporation (PGH), see article here.Southern Pacific Resource (STPJF.PK), see article here.Canadian Natural Resources (CNQ), see article here.Devon Energy (DVN), see article here.Imperial Oil (IMO), see article here.Baytex, see article here.Bonavista Energy (BNPUF.PK), see article here.Athabasca's most notable producers:
- [By Eric Volkman]
Canada's Pengrowth Energy (NYSE: PGH ) continues to shower dividends from north of the border. The company has set the date for its next monthly common stock distribution of C$0.04 ($0.04) per share, which will be August 15 for shareholders of record as of July 22. That amount matches each of the firm's previous distributions stretching back to December of last year. Prior to that, Pengrowth Energy paid $0.07 per share.
- [By Alex Planes]
Investors love stocks that consistently beat the Street without getting ahead of their fundamentals and risking a meltdown. The best stocks offer sustainable market-beating gains, with robust and improving financial metrics that support strong price growth. Does Pengrowth Energy (NYSE: PGH ) fit the bill? Let's take a look at what its recent results tell us about its potential for future gains.
Hot Energy Stocks To Own For 2014: Equal Energy Ltd (EQU)
Equal Energy Ltd. (Equal), incorporated on April 8, 2010, is an exploration and production company with oil and gas properties located principally in Alberta, and Oklahoma. Equal is engaged in the exploration for, and acquisition, development and production of, petroleum and natural gas with operations in western Canada and Oklahoma. During the year ended December 31, 2011, production averaged 10,142 barrel of oil equivalent per day and was consisted of approximately 47% natural gas, 23% crude oil and 30% natural gas liquids (NGLs). Equal Energy Production Partnership (EEPP) holds all of Equal�� Canadian oil and gas properties and associated assets. Equal and Equal Energy Partner Corp. (EEPC) are the partners in EEPP and respectively hold a 99.9957% and 0.0043% interest in EEPP. Equal Energy US Holdings Inc. (EEUSHI) is an indirect, wholly owned subsidiary of Equal. EEUSHI holds all of Equal�� Oklahoma oil and gas properties and associated assets through its wholly owned subsidiary, Equal Energy US Inc. On January 31, 2012, it sold Primate. During 2011, it sold non-core assets in Alberta and British Columbia. On October 15, 2012, it sold the Halkirk/Alliance/Wainwright/Clair Assets (HAWC) and all remaining Canadian non-producing assets. Effective October 1, 2012, the Company sold its Lochend Cardium assets.
The Company�� production comes from both its Canadian and United States based operations. The Canadian core areas lie in western Canada and include assets primarily in the province of Alberta. The United States area assets are located mainly in the Grant, Jefferson, Lincoln and Logan counties of Oklahoma. It also has an inventory of minor producing assets, minor royalty interests and various exploration and exploitation prospects on undeveloped lands in Alberta, Saskatchewan and Oklahoma.
Alberta
The Company�� assets include a 100% working interest in 7,360 gross (4,260 net) acres of land (1,220 net undeveloped acres), 16 producing wells, six water inj! ection wells, and a interest in an oil blending facility. Natural gas is conserved and processed at the Encana Sexsmith gas plant. Oil is delivered into the Pembina Peace Pipeline System. Oil and natural gas production is primarily from the Doe Creek (Dunvegan) formation. There is also natural gas production from one Charlie Lake well. As of December 31, 2011, average working interest production was 227 barrel per day of oil and 316 million cubic feet per day of natural gas.
Lochend is located approximately 20 kilometers northwest of Calgary. At Lochend, the Company holds 8,653 gross (7,996 net) acres of land with 5,970 net undeveloped acres, and 11 producing wells. Oil is produced into single or multi-well batteries and trucked to terminal facilities. Half of the solution gas is conserved at the TriOil Shiningbank gas plant by the third quarter majority of the gas should be conserved. Oil and natural gas production is from the Cardium formation. As of December 31, 2011, average working interest production was 330 barrel per day of oil and 69 thousand cubic feet per day of gas. The McDaniel Report has assigned total proved plus probable reserves of 1,621 thousand barrels of crude oil, 2.6 billion cubic feet of natural gas, and 64.8 thousand barrels of NGL to the Lochend property.
Oklahoma
In Oklahoma the principal producing horizon is the Hunton formation. The Hunton is a carbonate rock formation. As of December 31, 2011, average Hunton production in Oklahoma was 29.9 million cubic feet of natural gas per day of natural gas and 3,862 barrels of oil per day of crude oil and NGLs. The Haas Report has attributed total proved and probable reserves of 499 thousand barrels of crude oil, and 108 billion cubic feet of natural gas and 13,931 thousand barrels of NGLs to the Hunton.
Advisors' Opinion:- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Friday, energy shares were relative leaders, up on the day by about 0.06 percent. Among the leading sector stocks, gains came from Equal Energy (NYSE: EQU) and Niska Gas Storage Partners LLC (NYSE: NKA). Financial sector was the leading decliner in the US market today.
Hot Energy Stocks To Own For 2014: Golar LNG Partners LP (GMLP)
Golar LNG Partners LP (the Partnership), incorporated on September 24, 2007, is a limited partnership formed as a wholly owned subsidiary of Golar LNG Limited (Golar), an independent owner and operator of floating storage re-gasification units (FSRUs) and liquefied natural gas (LNG) carriers, to own and operate FSRUs and LNG carriers under long-term charters. The vessels in its fleet are chartered to BG Group, Pertamina, Petrobras and Dubai Supply Authority. As of December 31, 2012, Golar owned its 2.0% general partner interest, all of its IDRs and a 49.9% limited partner interest in it. As of December 31, 2012, its fleet consisted of a 100% interest in the Golar Spirit, which is operating under a time charter with Petrobras; a 100% interest in the Golar Winter, which is operating under a time charter with Petrobras; a 100% interest in the Golar Freeze, which is operating under a time charter with Dubai Supply Authority (DUSUP), the purchaser of natural gas in Dubai; a 100% interest in the Methane Princess, which is operating under a time charter with BG Group PLC (BG Group), and a 60% interest in the Golar Mazo, an LNG carrier, which is operating under a time charter with PT Pertamina (Pertamina). In July 2012, Golar sold its interests in the companies that own and operate the floating storage and regasification unit (FSRU) Nusantara Regas Satu to the Company. As of April 30, 2013, the Company has a fleet of four FSRUs and four LNG carriers. In November 2012, the Company acquired from Golar interests in subsidiaries that lease and operate the LNG carrier, the Golar Grand.
FSRU Charters
The Company provides the services of each of the Golar Spirit and the Golar Winter to Petrobras under separate time charter parties (or TCP) and operation and services agreements (OSAs). The TCPs and OSAs are interdependent and when combined have the same effect as the time charters for its LNG carriers. The services of the Golar Freeze are provided to DUSUP under a TCP. The Golar Spirit and ! Golar Winter charters also contained provisions giving Petrobras the option to purchase the vessels from it under certain circumstances.
LNG Carrier Charters
The Company provides the LNG marine transportation services of the Golar Mazo, Methane Princess and the Golar Maria under a time charters with LNG Shipping SpA. A time charter is a contract for the use of the vessel for a fixed period of time at a specified daily rate. Under a time charter, the vessel owner provides crewing and other services related to the vessel�� operation.
The Company competes with Royal Dutch Shell, BP, BG, Malaysian International Shipping Company, National Gas Shipping Company, Qatar Gas Transport Company, Excelerate Energy, Hoegh LNG, Exmar, Teekay LNG and MISC Berhad.
Advisors' Opinion:- [By James E. Brumley]
I'll warn you now at least some of you aren't going to like what you're about to hear. But, I wouldn't be doing any one a service by ignoring an important reality. So, here goes - shares of Golar LNG Limited (NASDAQ:GLNG) and its mater/parent Golar LNG Partners LP (NASDAQ:GMLP) are ripe for a sizeable pullback. Anybody who was mulling a new position in GMLP or GLNG here may want to hold off just a bit, and anybody who stepped into either or both within the past month or so may want to go ahead and lock in their nice gain while they can.
- [By Seth Jayson]
Golar LNG Partners Limited Partnership (Nasdaq: GMLP ) reported earnings on May 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Golar LNG Partners Limited Partnership met expectations on revenues and crushed expectations on earnings per share.
Hot Energy Stocks To Own For 2014: Petrobank Energy and Resources Ltd (PBEGF.PK)
Petrobank Energy and Resources Ltd. (Petrobank) is engaged in the exploration and development of oil and natural gas in western Canada. The Company operates in two segments: the Heavy Oil Business Unit (HBU) and PetroBakken Energy Ltd. (PetroBakken). Its operations are conducted through its HBU, as well as its technology subsidiary, Archon Technologies Ltd. The HBU operates its heavy oil projects using Petrobank�� THAI heavy oil recovery process in the field. In addition, Petrobank owns 59% of its subsidiary, PetroBakken. Whitesands Insitu Inc., a wholly owned subsidiary of the Company, owns heavy oil leases in Alberta and oil sands and heavy oil licenses and leases in Saskatchewan, and operates the Kerrobert Project. During the year ended December 31, 2011, Petrobank completed the Kerrobert Project, with all 10 expansion well pairs drilled. On February 28, 2012, Petrobank completed the sale of May River Property. Advisors' Opinion:- [By Stephan Dube]
Peace River's most notable producers:
PennWest Exploration (PWE), see article here.Royal Dutch Shell (RDS.A), see article here.Baytex (BTE), see article here.Strata Oil and Gas (SOIGF.PK), see article here.Petrobank Energy & Resources (PBEGF.PK), see article here.Cold Lake's most notable producers:
Hot Energy Stocks To Own For 2014: Precision Drilling Corp (PDS)
Precision Drilling Corporation (Precision) is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada and the United States. The Company operates in two segments: Contract Drilling Services, and Completion and Production Services. In Canada, the Contract Drilling Services segment includes land drilling services, directional drilling services, procurement and distribution of oilfield supplies and the manufacture and refurbishment of drilling and service rig equipment, and the Completion and Production Services segment includes service rigs for well completion and workover services, snubbing services, camp and catering services, wastewater treatment services and the rental of oilfield surface equipment, tubulars, well control equipment and wellsite accommodations. Advisors' Opinion:- [By Lee Jackson]
Precision Drilling Corp. (NYSE: PDS) is Canada’s leading oilfield services firm, which provides contract drilling, well servicing and strategic support services to its customers. The company was formed as a private drilling contractor in the early 1950s and has grown on the back of fleet expansion and acquisitions, most notably the $2 billion purchase of Grey Wolf in 2008. The company pays investors a 2.1% dividend. The Jefferies price objective goes from $11 to $13. The consensus stands at $12.78. The stock closed Friday at $10.39.
Hot Energy Stocks To Own For 2014: Enertopia Corp (ENRT)
Enertopia Corp (Enertopia), incorporated on November 24, 2004, is engaged in medicinal marijuana business. The Company is diverse in its pursuit of business opportunities in several sectors, including: Medicinal Marijuana, Oil and Gas, Solar PV (Photovoltaic), Solar Thermal (Hot Water), Energy Retrofits and Recovery, and Solar powered Filtered Drinking Water.
The Company no longer has any material oil and gas resources. The Company operates in two segments: renewable energy, and mining exploration and developments, which are managed separately based on fundamental differences in their operations nature.
Advisors' Opinion:- [By Peter Graham]
What�� the Catch With Lexaria Corp? According to various disclosures, a transaction or transactions of $1k has or will occur to mention Lexaria Corp in various investment newsletters. Last Friday, Lexaria Corp announced it had closed its Private Placement financing announced on March 5 for gross proceeds of $1,272,000 ��higher than the originally announced $960,000 figure due to ��verwhelming demand.��Lexaria Corp will issue 10,600,000 common shares at US$0.12 and 10,600,000 full warrants that expire on September 21, 2016 with an exercise price of US$0.25. However, the company may also accelerate the expiry date of the warrants if the stock price trades above CAD$0.40 cents for 20 consecutive days at any time after 6 months and one day has elapsed. Otherwise and in early March, Lexaria Corp reported that its board of directors had decided to make a strategic entry into the medical marijuana business by way of an ��mportant Joint Venture��with Enertopia Corp (OTCQB: ENRT). Under the terms of the Agreement, Lexaria Corp had agreed to pay Enertopia 1 million restricted common shares in return for Enertopia's participation plus 500,000 restricted common shares ENRT�� Chairman in return for his participation on the Lexaria Advisory Board. Following the issuance of these shares, Lexaria Corp will have a total of 18,431,452 shares issued and outstanding and 21,256,452 shares fully diluted. A quick look at Lexaria Corp�� financials reveals revenues of $160k (most recent reported quarter), $241k, $251k and $253k for the past four quarters along with net losses of $102k (most recent reported quarter), $126k, $58k and $48k. At the end of last January, Lexaria Corp had $66k in cash to cover $1,415k in current liabilities and $59k in other liabilities. So aside from the income statement, investors might want to look more closely at Lexaria Corp�� financing terms.
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