Amid the calm trading environment, several issuers beefed up their product lineups last week, including the launch of the first ever city-based fund; the Nashville Area ETF offers a truly unique strategy that takes the theme of “targeted exposure” to the next level. VelocityShares also rolled out an intriguing Risk-Weighted ETF that offers a new take on the increasingly popular low volatility strategy. First Trust also snuck in a launch last week when it rolled out the Managed Futures Strategy Fund (FMF) on Friday .
FMF: Many Trading Strategies, One TickerThis new ETF marks First Trust’s entrance into the world of Hedge Fund ETFs, which has grown considerably in the last few years as investors grow more comfortable with utilizing the exchange-traded product wrapper to access alternative asset classes. FMF looks to achieve positive returns that exceed the performance of its benchmark, the Morningstar Diversified Futures Index; this actively-managed fund works to a chieve its objective be generating returns that are not directly correlated to broad market returns by employing long, short, and flat futures trading strategies to a basket of commodities, currencies and equities .
Best Oil Companies For 2014: Forum Energy Technologies Inc (FET)
Forum Energy Technologies, Inc. incorporated on May 10, 2005, is an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company designs and manufactures products, and engage in aftermarket services, parts supply and related services that complement its product offering. It operates in two segments: Drilling and Subsea Segment and Production and Infrastructure Segment. In December 2012, the Company acquired Merrimac Manufacturing, Inc. (Merrimac). In May 2013, the Company acquired Blohm + Voss Oil Tools from STAR Capital Partners Limited. In July 2013, Forum Energy Technologies Inc acquired Moffat 2000 Ltd.
Drilling and Subsea Segment
The Company designs and manufactures products and provides related services to the drilling, well construction, completion, intervention and subsea construction and services markets. Through this segment, it offers Subsea Technologies, including robotic vehicles and other capital equipment, specialty components and tooling, a range of complementary subsea technical services and rental items, and applied products for subsea pipelines. It offers Drilling Technologies which include capital equipment and a range of products consumed in the drilling and well intervention process. It offers Downhole Technologies, including cementing and casing tools, completion products, and a range of downhole protection solutions.
The Company designs and manufactures subsea capital equipment; specialty components and tooling; and applied products for subsea pipelines; and it also provides a suite of complementary subsea technical services and rental items. It has a core focus on the design and manufacture of unmanned submarines, remotely operated vehicles (ROVs), as well as other specialty subsea vehicles. The Company’s brands include its Perry and Sub-Atlantic vehicle brands. Its related technical services complement its vehicle offering by providing the m! arket with a selection of critical product solutions and rental items that enhance its customers’ ability to operate in harsh subsea environments. The market for subsea ROVs can be segmented into three classes of vehicles based on size and category of operations: large work-class vehicles for subsea construction activities; drilling-class vehicles for use around an offshore rig, and observation-class vehicles for inspection and light manipulation. The Company is a provider of work-class and observation-class vehicles.
The Company manufactures ROV components, such as a range of Sub-Atlantic branded ROV thrusters. It designs and manufactures thrusters for incorporation into its own vehicles, as well for sale to other ROV manufacturers. It also designs and manufactures a tether management system (TMS). It also provides a suite of subsea tooling, both industry standard and custom designed for subsea applications. Industry standard tooling includes hot stabs, cable cutters, torque tools and indicators.
The vehicle-related subsea products, its Offshore Joint Services (OJS) brand is a provider of applied protective coatings on rigid subsea pipeline field joints, spools, and structures. Its VisualSoft product line provides another related technical product that reinforces in subsea vehicles and products. It sells or rents VisualWorks and VisualDVR Digital Video Systems that provide a solution for digital video capture, playback, processing and reporting of pipeline, structural or other inspection survey data. These products are often used in conjunction with the operation of inspection class ROVs or diving personnel when conducting survey work.
Geoscience Earth and Marine Science (GEMS) is its geophysical and geotechnical engineering group that provides consulting services to the oil and gas, and marine industries. It provides an interpretation service based on the analysis of third party subsea data provided by clients. The business has broadened into managing every p! hase of p! roject development, including scope of work, liaising with data acquirers, interpretation and analysis. Its primary customer base consists of oil and gas operator producers.
The Company provides both drilling consumables and capital equipment, including powered and manual tubular handling equipment, specialized torque equipment, customized offline crane systems, drilling data acquisition management systems, pumps, valves, manifolds, drilling fluid-end components, pressure control equipment for both coiled tubing and wireline well intervention operations and a broad line of items consumed in the drilling process. The Company has a core focus on products that enhance its customers’ handling of tubulars on the drilling rig.
The Company designs and manufactures specialized torque equipment and related control systems for tubular connections, including high torque stroking, or bucking, units, fully rotational torque units, portable torque units for f ield deployment. In addition the Company designs and manufactures a range of rig-based offline activity cranes, multi-purpose cranes and personnel transfer solutions.
The Company’s pressure control products used for well intervention operations are sold directly to oilfield service companies and equipment rental companies. These products include both coiled tubing and wireline blowout preventers and their accessories. It also conduct aftermarket refurbishment and recertification services for pressure control equipment. The Company also designs and manufactures a range of consumable parts for pumps on drilling rigs, well servicing rigs, pressure pumping units, and hydraulic fracturing systems, along with top drive parts. The Company also manufacture data acquisition products that include integrated drill floor instrumentation and monitoring systems. These systems provide real-time monitoring and logging of drilling data to drilling contractors and oil and gas producers on the rig and at remote locations.
! The Compa! ny manufacture a broad line of downhole products that are consumed during the well construction, completion and production enhancement process. Through its Davis-Lynch downhole well construction and completion tools product line, it designs and manufactures products used in the construction of oil and gas wells. It designs and manufactures a range of centralizers, float equipment, stage cementing tools, inflatable packers, flotation collars, cementing plugs, fill and circulation tools for running casing, casing hangers and surge reduction equipment.
The Company manufactures a line of downhole completion tools, including composite plugs and wireline flow-control products. Its composite plugs are primarily used for zonal isolation during multi-stage hydraulic fracturing in horizontal and vertical wells. It offers l range of downhole protection solutions.
Production and Infrastructure Segment
The Company designs and manufactures products and pro vide related equipment and services to the well stimulation, completion, production and infrastructure markets. Through this segment, the Company suppllies Flow Equipment, including well stimulation consumable products and related recertification and refurbishment services; Production Equipment, including well site production equipment, process equipment and specialty pipeline construction equipment; and Valve Solutions, which includes a range of industrial and process valves.
The Company provides a range of high pressure flow equipment used by well stimulation, or pressure pumping, companies during the stimulation, intervention and flowback process. It focuses on consumable products that experience high rates of wear and replacement. The Company designs and manufactures pressure control plug, choke and relief valves, swivel joints, pup joints and integral fittings, manifolds and manifold trailers, as well as triplex and quintuplex fluid-end assemblies.
The Company surface Production Equipment product line p! rovides e! ngineered process systems and field services for capital equipment used at the wellsite, for production processing, and at the refinery. It serves the upstream, midstream and downstream segments in oil and gas production equipment and services. The Company engineers fabricates and installs tanks, separators, packaged production systems and American Society of Mechanical Engineers (ASME) and American Petroleum Institute (API) coded and non-coded pressure vessels, skidded vessels with gas measurement, modular process plants, header and manifold skids, process and flow control equipment and separators to help clean and process oil or gas as it travels from the wellhead and along the transmission line to the refinery.
The Company design, manufacture and provide a wide range of industrial valves that principally serve the upstream, midstream and downstream markets of the oil and gas industry. In addition its valve solutions serve general industrial, power and process industry customers as well as the mining industry. It also provides ball, gate, globe, check and butterfly valves across a range of sizes and applications.
The Company competes with Cameron International Corporation and FMC Technologies, Inc.
- [By Wax]
Posted-In: Markets Trading Ideas
Most Popular Top Stocks Under $5 For 2014 Earnings Expectations For The Week Of January 6: Alcoa And More Barron's Recap: Market Beaters #PreMarket Primer: Monday, January 6: Asia Plunges Apple Purchases SnappyLabs For Undisclosed Sum Stocks To Watch For January 6, 2014 Related Articles (FET) Forum Enegy Technologies – Leaning on the Lectern Around the Web, We’re Loving…
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on Forum Energy Technologies (NYSE: FET ) , whose recent revenue and earnings are plotted below.
- [By David Smith]
I’m speaking of Forum Energy Technologies (NYSE: FET ) . The company, now with a $2.72 billion market capitalization, was formed in August 2010 through the roll-up of five more specialized members of the services sector. Its initial public offering occurred in the second quarter of 2012, and its shares have risen by 60% in the past year.
- [By Dan Caplinger]
Another issue that Varco has to face is the specter of increasing competition. Cameron International (NYSE: CAM ) has arisen as a big player in the drilling and production systems space, with a particular emphasis on subsea applications like blowout preventers. With Cameron sporting a recent partnership with Schlumberger (NYSE: SLB ) , the combination will have both the expertise and the financial resources to challenge Varco in that niche. More broadly, up-and-coming Forum Energy (NYSE: FET ) has sought to emulate Varco’s broad-based services menu, offering remotely operated vehicles for deepwater inspection and construction as well as pipe and cementing materials and a range of subsea systems and equipment. Forum has posted solid results in its brief history, taking steps to continue its fast growth trajectory.
Best Oil Companies For 2014: Kodiak Oil & Gas Corp (KOG)
Kodiak Oil & Gas Corp. (Kodiak) is an independent energy company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas in the United States. Kodiak has developed an oil and natural gas asset base of proved reserves, as well as a portfolio of development and exploratory drilling opportunities on high-potential prospects with an emphasis on oil resource plays. The Company’s oil and natural gas reserves and operations are primarily concentrated in the Williston Basin of North Dakota. As of January 31, 2012, it had approximately 169,000 net acres under lease, including 157,000 net acres in the Bakken oil play in the Williston Basin of North Dakota and Montana. In January 2012, the Company acquired Williston Basin oil and gas producing properties and undeveloped leasehold. On January 10, 2012, it acquired certain oil and gas leaseholds, overriding royalty interests and producing properties located in North Dakota. Advisors’ Opinion:
- [By gurujx]
Kodiak Oil & Gas Corp. (KOG): CFO, Secretary and Treasurer James P. Henderson Sold 100,000 Shares
CFO, Secretary and Treasurer James P. Henderson sold 100,000 shares of KOG stock on 12/27/2013 at the average price of $11.25. James P. Henderson owns at least 364,780 shares after this. The price of the stock has decreased by 5.6% since.
- [By Paul Ausick]
Big Earnings Movers: First Solar Inc. (NASDAQ: FSLR) is up 17.4% at $59.07 after crushing estimates after-hours on Thursday. American International Group Inc. (NYSE: AIG) is down 6.5% at $48.28 after an earnings decline. Kodiak Oil & Gas Corp. (NYSE: KOG) is down 4.9% at $12.38. Chevron Corp. (NYSE: CVX) is down 1.6% at $118.03 after reporting disappointing results.
- [By Heather Ingrassia]
On Friday, October 18, Hedge fund manager John Paulson noted that Kodiak Oil & Gas (KOG) could be seen as a potential takeover target, and as direct a result of his comments shares closed the day almost 5% higher. In the wake of Mr. Paulson’s belief that the company is a potential takeover target, I wanted to highlight a number of key catalysts behind my decision to remain bullish on shares of this particular oil and gas play.
- [By Value Digger]
B) Kodiak Oil (KOG) an one-basin energy play, lacking any land diversification. Kodiak operates solely at the Williston basin. Although the company’s D/CF ratio (annualized) is 2.75x, Kodiak trades at $155,700/boepd and $34.8/boe of proved reserves, based on its current EV of $3.3 billion and production of 21,190 boepd (80% oil and liquids).
Best Oil Companies For 2014: Lightstream Resources Ltd (LSTMF.PK)
Lightstream Resources Ltd, formerly PetroBakken Energy Ltd., is a Canada-based oil and gas exploration and production company. The Company’s principal operating areas include southeastern Saskatchewan where it targets the Bakken formation and conventional Mississippian reservoirs, central Alberta, where it is focused on the Cardium formation, and north-central Alberta, where it is engaged in exploring for light oil resource plays. In addition, the Company also has land holdings in the Horn River and Montney plays in northeast British Columbia. On December 31, 2012, Petrobank Energy and Resources Ltd. and PetroBakken Energy Ltd. announced the completion of the reorganization. The Reorganization resulted in a newly incorporated company PetroBakken Energy Ltd. (New PetroBakken). Advisors’ Opinion:
- [By MLP Trader]
Here are the current top five companies in the list:
Of the larger companies, one that remains obstinately near the top of the list is Lightstream . Lightstream trades at 40% of its book value and a whopping 13.4% yield.
Best Oil Companies For 2014: World Point Terminals LP (WPT)
World Point Terminals, LP, incorporated on April 19, 2013, is a fee-based Delaware limited partnership formed to own, operate, develop and acquire terminals and other assets relating to the storage of light refined products, heavy refined products and crude oil. WPT GP, LLC is the general partner of the Company. It operates in a single reportable segment consists primarily of the fee-based storage and terminaling services it performs under contracts with its customers. The Company’s storage terminals are located in the East Coast, Gulf Coast and Midwest regions of the United States and, as of May 31, 2013, had a combined available storage capacity of 12.4 million barrels. The Company provides terminaling and storage of light refined products, such as gasoline, distillates and jet fuels; heavy refined products, such as residual fuel oils and liquid asphalt, and crude oil. Most of its terminal facilities are located on waterways, and have truck racks. Several of its termin al facilities also have rail or pipeline access. As of May 31, 2013, approximately 93% of its available storage capacity was under contract.
The Company generates revenue from Storage Services Fees, Ancillary Services Fees and Additive Services Fees. Storage Services Fees are its customers pay base storage services fees, which are fixed monthly fees paid at the beginning of each month to reserve storage capacity in its tanks and to compensate it for receiving up to a base product volume on their behalf. The Company charges ancillary services fees to its customers for providing services, such as heating, mixing and blending its customers’ products that are stored in its tanks; transferring its customers’ products between its tanks; at its Granite City terminal, adding polymer to liquid asphalt, and rail car loading and dock operations. The Company generates revenue from fees for injecting generic gasoline, gasoline, lubricity, red dye and cold flow additives to its customers’ products.
- [By Robert Rapier]
World Point Terminals (NYSE: WPT) owns and operates terminals and other assets for the storage of light refined products, heavy refined products and crude oil. World Point’s storage terminals are located in the East Coast, Gulf Coast and Midwest regions of the US. The partnership debuted on Aug. 9, and units have gained 2 percent since. The partnership agreement provides for a minimum quarterly distribution of $1.20 per unit on an annualized basis. At the recent closing price of $19.64/unit, this equates to a minimum annualized yield of 6.1 percent.
- [By John Emerson]
Berman pioneered the idea of the World Poker Tour (WPT) and sold the concept to the Travel Channel. Watching poker on television had always been boring since the viewing audience could not see the down cards which the players held. Berman remedied that problem by allowing a camera to expose the down cards to the TV audience. That idea suddenly transformed Texas Holdem into a fascinating spectator’s sport. By the end of 2003 the stock had reached its book value of 15 dollars a share and I decided to take my profits, perhaps a bit prematurely. The stock quickly climbed to about 30 dollars a share on sheer momentum.
- [By Jon C. Ogg]
World Point Terminals L.P. (NYSE: WPT) was initiated as Outperform with a $23 price target at Credit Suisse.
See also more analyst upgrades and downgrades for Tuesday.
Best Oil Companies For 2014: Abby Inc (ABBY)
Abby, Inc., incorporated on December 11, 2000, is an exploration-stage company. The Company is in the business of natural gas exploration. On September 17, 2010, the Company acquired the Westrose property gas concession option from Mitchel Vestco Inc. As of November 30, 2010, the Company had completed Phase One of its exploration program. As of November 30, 2010, it had not generated any revenues.
The Westrose Property
The Westrose property is located in Alberta, Canada. The property consists of 640 acres. As of August 22, 2011, the Company had not commenced any exploration or work on the concession.
- [By Peter Graham]
Last Friday, small cap stocks Cambridge Heart, Inc (OTCMKTS: CAMH), Abby Inc (OTCMKTS: ABBY) and Grillit Inc (OTCMKTS: GRLT) surged 176.92%, 71.2% and 24.07%, respectively. Of course, that was last week and today is a new trading week. So what should investors and traders alike be prepared for this week with these three small caps? Here is a closer look to help you decide on an investing or trading strategy:
Best Oil Companies For 2014: Cenovus Energy Inc (CVE)
Cenovus Energy, Inc. (Cenovus), incorporated on January 1, 2011, is a Canadian integrated oil company. The Company’s operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface. It also has natural gas and oil production in Alberta and Saskatchewan. It operates in four segments: oil sands, conventional, refining and marketing, and corporate and eliminations. The Company has 50% ownership with Phillips 66 in two United States refineries, which includes Wood River (Illinois) and Borger (Texas) refineries. It has two producing steam-assisted gravity drainage (SAGD) projects in the oil sands-Foster Creek and Christina Lake, as well as several emerging projects which are in various stages of development. Foster Creek and Christina Lake are 50%-owned by ConocoPhillips. It also produces heavy oil from the mobile Wabiskaw formation at its 100%-owned Pelican Lake operation in the Greater Pelican Region, about 3 00 kilometers north of Edmonton.
Its reserves and production are located in Canada, primarily within the provinces of Alberta and Saskatchewan. As of December 31, 2012, it had a land base of approximately seven million net acres and Company Interest Before Royalties proved reserves of approximately 1,717 million barrels of bitumen, 184 million barrels of heavy crude oil, 115 million barrels of light and medium crude oil and NGLs and 955 billion cubic feet of natural gas. It also had Company Interest Before Royalties probable reserves of approximately 676 million barrels of bitumen, 105 million barrels of heavy crude oil, 56 million barrels of light and medium crude oil and natural gas liquefied (NGLs) and 338 billion cubic feet of natural gas as of December 31, 2012.
The Oil sands segment includes the development and production of Cenovus’s bitumen assets at Foster Creek, Christina Lake and Narrows Lake, as well as heavy oil assets at Pelican Lake. This segment also includes the Atha! basca natural gas assets and projects in the early stages of development, such as Grand Rapids and Telephone Lake. Certain of the Company’s operated oil sands properties, notably Foster Creek, Christina Lake and Narrows Lake, are jointly owned with ConocoPhillips. As of December 31, 2012, it had bitumen rights of approximately 1,469,000 gross acres (1,097,000 net acres) within the Athabasca and Cold Lake areas, as well as the exclusive rights to lease an additional 478,000 net acres areas on the Cold Lake Air Weapons Range on its behalf and/or its assignee’s behalf.
As of December 31, 2012, there were 56 wells producing. It operates an 80 megawatt natural gas-fired cogeneration facility in conjunction with the SAGD operation at Foster Creek. The steam and power generated by the facility is presently being used within the SAGD operation and the excess power generated is being sold into the Alberta Power Pool. It has 50% interest in Christina Lake, an oil sand s property in northeast Alberta that uses SAGD technology and produces from the McMurray formation. During 2011, the Company drilled three wells at Christina Lake using its Wedge WellTM technology. As of December 31, 2012, there were six producing wells.
The Company holds 50% interest in Narrows Lake, an oil sands property within the Christina Lake Region in northeast Alberta. The project includes gross production capacity of 130,000 barrels per day (bbls/d) of bitumen to be developed in up to three phases, with the first phase expected to have production capacity of approximately 45,000 barrels per day of bitumen. Using a pattern, horizontal well polymer flood, it produces heavy crude oil from the Cretaceous Wabiskaw formation at its Pelican Lake property, which is located within the Greater Pelican Region in northeast Alberta. During 2012, it drilled 76 heavy oil wells. The Company holds a 38% non-operated interest in 110 kilometers, 20-inch diameter crude oil pipeline, which connects the Pelican Lake area to a pipelin! e that tr! ansports crude oil from northern Alberta to crude oil markets.
The Company’s new resource play assets include oil sands properties. Its Grand Rapids property is located in the Greater Pelican Region in northeast Alberta, where deposits of bitumen have been identified in the Cretaceous Grand Rapids formation. Its Telephone Lake property is located in the Borealis Region in northeast Alberta. The Steepbank and East McMurray properties are also located in the Borealis Region, southwest of Telephone Lake. It produces natural gas from the Cold Lake Air Weapons Range and several surrounding landholdings located in northeast Alberta and hold surface access and natural gas rights for exploration, development and transportation from areas. The majority of its natural gas production in the area is processed through wholly owned and operated compression facilities.
Conventional segment includes the development and production of conv entional crude oil, NGLs and natural gas in Alberta and Saskatchewan. It includes the carbon dioxide enhanced oil recovery project at Weyburn and emerging tight oil opportunities. As of December 31, 2012, it had an established land position of approximately 4.9 million gross acres, of which approximately 3.2 million gross acres are developed. The mineral rights on approximately 59% of its net landholdings are owned in fee title by Cenovus. It leases Crown lands in some areas in Alberta, mainly in the Early Cretaceous geological formations, primarily in the Suffield and Wainwright areas.
The Company holds interests in multiple zones in the Suffield, Brooks North, Langevin, Drumheller, and Wainwright areas in southern Alberta with a mix of medium and heavy crude oil production. Development in these areas focuses on infill drilling, optimization of existing wells and other specialized oil recovery methods. It operates water handling facilities to manage oil product ion. In the unitized portion of the Weyburn crude oil field ! in southe! ast Saskatchewan, it has 62% working interest. The Weyburn unit produces light and medium sour crude oil from the Mississippian Midale formation and covers 78 sections of land. As of December 31, 2012, approximately 90% of the approved CO2 flood pattern development at the Weyburn unit was completed. It holds interests in multiple zones in the Suffield, Brooks North, Langevin and Drumheller areas in southern Alberta.
Refining and Marketing
Refining and marketing segment is focused on the refining of crude oil products into petroleum and chemical products at two refineries located in the United States. The refineries are jointly owned with and operated by Phillips 66. This segment also markets Cenovus’s crude oil and natural gas, as well as third-party purchases and sales of product that provide operational flexibility for transportation commitments, product type, delivery points and customer diversification.
Through WRB Refining LP (WR B), the Company has 50% ownership interest in both the Wood River and Borger Refineries located in Roxana, Illinois and Borger, Texas respectively. ConocoPhillips is the operator and manager of WRB. As of December 31, 2012, the Wood River refinery had a processing capacity of approximately 306,000 barrels per day of crude oil, including approximately 110,000 barrels per day of heavy crude oil. It processes light low-sulphur and heavy high-sulphur crude oil that it receives from North American crude oil pipelines to produce gasoline, diesel and jet fuel, petrochemical feedstocks and asphalt. As December 31, 2012, the Borger Refinery had a processing capacity of approximately 146,000 barrels per day of crude oil, including approximately 35,000 barrels per day of heavy crude oil, and approximately 45,000 barrels per day of NGLs. It processes crude oil and NGLs that it receives from North American pipeline systems to produce gasoline, diesel and jet fuel along with NGLs and solv ents.
The Company’s Marketing group is focused ! on enhanc! ing the netback price of its production. It manages the transportation and marketing of crude oil for its upstream operations. It also manages the marketing of its natural gas, which is primarily sold to industrials, other producers and energy marketing companies.
Corporate and Eliminations
The segment includes inter-segment eliminations that relate to transactions that have been recorded at transfer prices based on current market prices, as well as unrealized intersegment profits in inventory. The Corporate and Eliminations segment also includes Cenovus costs for general and administrative and financing activities.
- [By Robert Rapier]
Whether KXL is approved is unlikely to have a big impact on any particular company. TransCanada would probably see the most significant share price movement, but the project isn’t a make-or-break for the company. Oil sands producers like Cenovus Energy (NYSE: CVE, TSE: CVE) have signed up to ship on KXL, and could see some share price movement as well. KXL would probably be the low-cost shipping option for Cenovus and other oil sands producers, but during my visit to Fort McMurray in November Cenovus emphasized that whether KXL is approved or not, the outcome would have no effect on its growth plans given the ready availability of alternatives.
- [By gurujx]
Cenovus Energy, Inc. (CVE) Reached the 3-year Low of $28.17
The prices of Cenovus Energy, Inc. (CVE) shares have declined to close to the 3-year low of $28.17, which is 33.3% off the 3-year high of $40.73.
Best Oil Companies For 2014: Enbridge Inc(ENB)
Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGLs), and refined products pipelines and terminals. The company?s Gas Distribution segment distributes natural gas to residential, commercial, and industrial customers primarily in central and eastern Ontario, northern New York State, Quebec, and New Brunswick. Enbridge?s Gas Pipelines, Processing and Energy Services segment invests in natural gas pipelines, processing and green energy projects, and commodity marketing businesses, as well as performs commodity storage, transport, and supply management services. Its Sponsored Investments segment transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines, as well as transports, gathers, processes, and markets natural gas and NGLs; operates a crude oil and liqui ds pipeline and gathering system; and owns a 50% interest in the Canadian portion of Alliance Pipeline and partial interests in various green energy investments. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
- [By Aaron Levitt]
Thus, investors looking for Canadian pipeline growth might want to turn their attention away from TRP stock … and toward rival Enbridge (ENB).
- [By GURUFOCUS]
Enbridge Inc. (ENB) operates as an energy transportation and distribution company in the United States and Canada. Dec. 4, the company increased its quarterly dividend 16.7% to $0.35 per share. The dividend is payable March 1, 2014, to shareholders of record on Feb. 14, 2014. The yield based on the new payout is 3.4%.
- [By Tyler Crowe]
Today, many newly discovered unconventional sources are very light, sweet, and easy to refine. Since our Gulf Coast refineries are still geared toward heavy, sour crudes, we will continue to import that grade to use in these facilities. In fact, one type of crude oil that is strikingly similar to Venezuelan and Mexican crudes is Canadian oil sands. Canadian oil sands are in desperate need of refineries capable of treating this heavy mix, and Gulf of Mexico refineries are just the type of refinery these crudes need. This is the driving force for Canadian pipeline companies TransCanada (NYSE: TRP ) and Enbridge (NYSE: ENB ) expanding their takeaway capacity to the Gulf through the Keystone XL and the Trunkline conversion, respectively.
- [By Aimee Duffy]
BP (NYSE: BP ) just announced it is getting out of the wind power game, and in fact big oil’s green energy initiatives are pretty negligible at this point. It could be disheartening state of affairs, but luckily pipeline companies are stepping in and picking up the slack. In this video, Fool.com contributor Aimee Duffy explores Enbridge’s (NYSE: ENB ) recent deal to buy into a wind project in Alberta, and reviews the alternative energy efforts already under way in the North American midstream industry.
Best Oil Companies For 2014: Bonanza Creek Energy Inc (BCEI)
Bonanza Creek Energy, Inc., incorporated in December 2010, is an oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s assets and operations were focused primarily in southern Arkansas (Mid-Continent region) and the Denver Julesburg (DJ) and North Park Basins in Colorado (Rocky Mountain region) during the year ended December 31, 2010. In addition, it owns and operates oil producing assets in the San Joaquin Basin (California region). It operated approximately 99.4% and held an average working interest of approximately 85.8% of its proved reserves as of December 31, 2010. As of December 31, 2010, its net proved reserves was 32,860 million barrels of oil equivalent (MBoe).
The Company’s proved reserves and its drilling locations in its Mid-Continent acreage are located in the Dorcheat Macedonia field and the McKamie Patton fiel d. In the Dorcheat Macedonia field the Company averages a 83.3% working interest and 68.5% net revenue interest, and all of the Company’s acreage is held by production. It had approximately 78 gross (65.0 net) producing wells and its average net daily production during April 2011, was approximately 1,249 barrels of oil equivalent per day (Boe/d) from a proved reserves base of 15,247 million barrels of oil equivalent, of which about 64.5% was oil and natural gas liquids. As of April 30, 2011, the Company had drilled 13 gross (10.2 net) wells. Immediately northwest of the Dorcheat Macedonia field, it owns and operates the McKamie gas processing facility, which processes all of the gas from the field. It owns additional interests in the Mid-Continent region near the Dorcheat Macedonia field. These include interests in the McKamie-Patton, Atlanta and Beach Creek fields. Its estimated proved reserves in these fields as of December 31, 2010, were approximately 1,947.8 million ba rrels of oil equivalent, and average net daily production du! ring April 2011, was approximately 239 barrels of oil equivalent per day.
The McKamie processing facility is located in Lafayette County, Arkansas and is located to serve its production in the region. The Company’s facility has a processing capacity of 15 million cubic feet per day (MMcf/d) of natural gas and 30,000 gallons per day of natural gas liquids. The facility processes natural gas and natural gas liquids, fractionates liquids into three components for sale, and sells four products at the facility’s tailgate: propane, butane, natural gasolines and natural gas. It also owns approximately 150 miles of natural gas gathering pipeline that serves the facility and surrounding field areas and 32 miles of right-of-way crossing Lafayette County that can be utilized to connect the facility to other gas fields or future sales outlets. Natural gas is sold at the tailgate of the facility into a CenterPoint pipeline connection. Fractionated natural gas liquids are h eld on site and trucked out by the buyer, Dufour Petroleum. The McKamie processing facility had an average net output of 749 barrels of oil equivalent per day based on the facility contracts in April, 2011.
The two main areas in which the Company operates in the Rocky Mountain region include the DJ Basin in Weld County, Colorado and the North Park Basin in Jackson County, Colorado. The DJ Basin is a structural basin centered in eastern Colorado that extends into southeast Wyoming, western Nebraska, and western Kansas. Its operations in the DJ Basin are in the oil window of the Niobrara and as of December 31, 2010, consisted of approximately 42,698 gross (29,742 net) total acres. The Company’s estimated proved reserves in the DJ Basin were 8,402 million barrels of oil equivalent at December 31, 2010. As of April 30, 2011, it had a total of 141 gross (133.6 net) producing wells and its net average daily production during April 2011, was approximately 1,124 barr els of oil equivalent per day. The Company’s working inter! est for a! ll producing wells averages is 94.8% and its net revenue interest was approximately 76.5% in 2010. The Codell sandstone and Niobrara oil shale are blanket deposits in the DJ Basin.
The Company controls 47,003 gross (39,030 net) acres in the North Park Basin in northern Jackson County, Colorado. The Basin is divided into three principal opportunities: the North and South McCallum units and the non-unit acreage. The Company operates the North and South McCallum fields. The McCallum field covers 10,277 gross (8,606 net) acres of federal land with the majority of the oil production coming from a waterflood in the Pierre B formation and the carbon dioxide production coming from naturally flowing Dakota wells. Oil production is trucked to the market while carbon dioxide production is sent to a Praxair plant for processing and delivery to the market. In the North Park Basin, its estimated proved reserves as of December 31, 2010, were approximately 696.1 million barrel s of oil equivalent, of which 100% were oil. Its average net production during April 2011, was approximately 140 barrels of oil equivalent per day. All of the Company’s 47,003 gross (39,030 net) acres in the North Park Basin are prospective for the Niobrara oil shale.
In California the Company owns acreage in four fields: Kern River, Midway Sunset and Greeley, which the Company operates, and Sargent, which it does not. Its estimated proved reserves in California were 886 million barrels of oil equivalent at December 31, 2010. As of April 30, 2011, we had a total of 57 gross (48.7 net) producing wells and its average net daily production was approximately 218 barrels of oil equivalent per day. Its working interest for all producing wells averages 85.4% and its net revenue interest is approximately 71.9%. As of December 31, 2010, it had identified approximately 18 gross (13.6 net) PUD locations in California.
- [By Holly LaFon]
Another area that is intriguing to us is the North American energy sector which looks to have a number of interesting catalysts currently. While the energy sector is at present only a modest overweight in the portfolios, we have been encouraged by several trends taking place for a number of years. These positive developments are also having an impact that goes far beyond the energy sector itself. Many believe that the U.S. will become energy independent and possibly a net exporter of natural gas and oil (currently restricted by law) in the next decade. This opinion is based primarily on the development of new drilling techniques (i.e. horizontal drilling, and high pressure fracking) that have enabled companies to access oil and natural gas reserves in shale formations that were previously not economically viable. The ability to tap into this acreage is a game-changer in our view and is already having a tremendous impact on the economy. Employment rates in these mostly rura l areas surrounding the shale basins are very high and companies thus find hiring extremely competitive. Strong labor markets tend to create strong local economies. Oil States International (OIS) has been able to capitalize on this trend by providing housing and other services to oil service workers that are in demand in the area. CST Brands (CST) operates gas stations in Texas, but it is increasingly looking to broaden its product offering beyond fuel. Rail companies like Union Pacific (UNP), Canadian Pacific (CP), Kansas City Southern (KSU) and Genesee and Wyoming (GWR) have also benefited substantially. Given that shale areas are rural and often lacking infrastructure, substantial investment must be made to support drilling and production activities. Without pipelines in place, railroads have been the primary takeaway mechanism for moving production to the various clusters of refining capacity around the United States. In order to serve this demand, massive investment in railcars has been nee
- [By Holly LaFon]
Bonanza Creek Energy, Inc. (BCEI) is an independent exploration and production company that is most active in the Niobrara Shale play in Northeast Colorado. The stock has performed well this quarter following improving drilling results from projects designed to fully understand the potential prospectivity of its acreage position in the Niobrara play. The stock also has benefited from management’s decision to increase capital spending and accelerate the net present value of its resource base.