The Energy Report

Source: Streetwise Reports 10/09/2019 The changes made and the reasons for them are detailed in a Raymond James report. In an Oct. 8 research note, analyst Justin Jenkins reported that Raymond James raised its target price on Phillips 66 (PSX:NYSE) to $120 per share from $117 “on higher conviction in earnings quality/outlook.” Currently, the energy […]

Source: Streetwise Reports 10/09/2019 The pros and cons of the deal are discussed in an iA Securities report. In an Oct. 8 research note, iA Securities analyst Elias Foscolos reported that Tidewater Midstream and Infrastructure Ltd. (TWM:TSX; TWMIF:OTCMKTS) entered an agreement to acquire Husky Energy’s Prince George Refinery (PGR) for about $277 million. The deal

Source: Streetwise Reports 10/08/2019 Shares of Nordic American Tankers are trading 16.5% higher today setting a 52-week intraday high stock price as the company reported great demand for its Suezmax oil tankers. Hamilton, Bermuda-headquartered international tanker company Nordic American Tankers Ltd. (NAT:NYSE) announced in a letter to shareholders and investors that the anticipated upswing in

Source: Streetwise Reports 10/03/2019 The deal and the assets are described in a ROTH Capital Partners report. ROTH Capital Partners analyst John White reported that Contango Oil & Gas Co. (MCF:NYSE.MKT) agreed to acquire the assets of White Star Petroleum for $132.5 million. The assets include production of 15,000 barrels of oil equivalent per day

Source: Streetwise Reports 10/03/2019 In a research report, Raymond James revisits and revises its Q3/19 projections on this company. In an Oct. 1 note, Raymond James analyst Justin Jenkins reported that Valero Energy Corp.’s (VLO:NYSE) adherence to a disciplined strategy continues to drive strong performance in this challenging oil and gas environment. Specifically, the manufacturer

Source: Streetwise Reports 10/01/2019 Teekay Offshore Partners shares are trading more than 30% higher today on news that Brookfield Business Partners will be purchasing all un-owned common units of the firm for $1.55 per share. This morning Hamilton, Bermuda based Teekay Offshore Partners L.P. (TOO:NYSE) announced that it has entered into an agreement and plan

Source: Streetwise Reports 09/27/2019 The drill results and next steps are reviewed in a Mackie Research Capital Corp. report. In a Sept. 17 research note, Mackie Research Capital Corp. analyst Bill Newman reported that Pan Orient Energy Corp. (POE:TSX.V) drilled a new oil discovery in Thailand, and testing is expected to begin soon. Drilling also

Source: The Critical Investor for Streetwise Reports 09/25/2019 The Critical Investor delves into this lithium firm’s recovery method for its Arkansas project and why it may succeed when other companies’ have not. 1. Introduction Usually, when I hear about companies pursuing new recovery methods necessary to make uneconomic specialty metals projects economic, I’m very skeptical

Source: Streetwise Reports 09/21/2019 A Pareto Securities report addresses how the various joint venture wells of the firm derisk potential upside to its share price. In a Sept. 17 research note, analyst Tom Erik Kristiansen reported that Pareto Securities raised its target price on Eco Atlantic Oil & Gas Ltd. (EOG:TSX.V; ECAOF:OTCMKTS; ECO:LSE) after the

Source: Streetwise Reports 09/19/2019 The support of the Puerto Rico Financial Oversight and Management Board advances the solar project. Greenbriar Capital Corp.’s (GRB:TSX.V; GEBRF:OTC) Montalva 100- to 165-megawatt solar project took several steps forward when in August the company reported that the Puerto Rico Electric Power Authority (PREPA) notified it that the Financial Oversight and