Major Puerto Rico Solar Power Project Negotiations to Reopen

Source: Clive Maund for Streetwise Reports 02/06/2019 Technical analyst Clive Maund charts a company that just received word the Puerto Rico Electric Power Authority wants to reopen negotiations on a major solar power project. Greenbriar Capital Corp. (GRB:TSX.V; GEBRF:OTC) is a stock that we got excited about last year, but nothing much happened and it went into a stubborn intermediate downtrend from its October peak, that has brought it all the way back to important support in the C$0.80–C$0.85 zone, as we can see on its latest 1-year chart below. However, this downtrend looks set to end abruptly and perhaps dramatically due to the news that PREPA (Puerto Rico Electric Power Authority) has communicated to Greenbriar that it wants to reopen negotiations to move forward the world class Montalva solar power project. This is BIG news and we can expect Greenbriar stock to at least break out of the downtrend today on good volume, and it might gap out of it. We therefore stay long and the stock is an immediate buy at the open, even it does gap out of the downtrend – if we see a big gap on very heavy turnover it will of course be very bullish and mean that the stock is headed to much higher levels, and will deliver on its original promise. Greenbriar Capital website. Greenbriar Capital Corp, GRB.V, GEBRF on OTC, closed at C$0.87, $1.11 on 5th February 2019. ( Companies Mentioned: GRB:TSX.V; GEBRF:OTC, ) … Continue reading

Two Companies Report Major Catalysts

Source: Ron Struthers for Streetwise Reports 02/06/2019 Ron Struthers of Struthers’ Resource Stock Report looks at two small-cap companies that have announced major developments. Markets continue to rally and the S&P 500 closed at 2,737 yesterday, well into my resistance area. I expect a pullback or correction soon, as it is highly unlikely the market could punch through this resistance, especially on its first attempt. That said, anything is possible these days. Huge news with Greenbriar this morning, time to back up the truck Greenbriar Capital Corp. (GRB:TSX.V; GEBRF:OTC) Recent Price CA$0.87 Entry Price – $1.15 Opinion – Strong Buy to $1.20 The reason we first bought this stock was a belief that Puerto Rico in its condition would have to build the Montalva project—it made no sense to do otherwise. Today we got the first news that it is going to happen. Greenbriar announced that the Puerto Rico Electric Power Authority (PREPA) has communicated to Greenbriar, through Luis Baco that it wants to re-open negotiations to move forward the Montalva Project, the company’s 100 MW solar/30MW battery powered energy project. The shovel-ready project, when built out, will be the largest renewable energy project in the Caribbean. Generating 100% renewable energy, the project will greatly reduce emissions on the island and will save PREPA customers between $1 and $2 billion in energy savings over the 25- to 35-year lifespan of the project. In addition, it will add 900 direct jobs during the construction phase and over 1,000 indirect jobs will … Continue reading

Delrey Metals: Safe Canadian Vanadium Explorer with Multiple Projects

Source: Peter Epstein for Streetwise Reports 02/05/2019 Peter Epstein of Epstein Research profiles this company with strategic energy metals properties in Canada. Delrey Metals Corp.’s (DLRY:CSE; 1OZ:FSE) mandate is to create shareholder value by sourcing, financing and developing undervalued strategic energy metals properties and projects through staking ground or making accretive, prudently and creatively financed acquisitions and joint ventures/farm-ins. It’s off to a good start and has a clean balance sheet with just 34 million shares outstanding and cash of ~C$1.5 million. The market cap is about C$8 million = US$6.1 million. The company is aggressively pursuing additional strategic energy metals assets, and have homed in on two or three in particular. Delrey Metals has acquired five highly prospective properties in Canada. Four are prospective for vanadium, for a total of 9,482 hectares, and one is a cobalt–copper-zinc opportunity that Cobalt 27 Capital Corp. acquired a 2% NSR on. All four vanadium assets will be receiving airborne magnetic surveys and geophysics in February. Subject to results, management will determine which properties to focus on. Both the Porcher and Blackie properties have unique features that if confirmed, will likely make them top priority targets for the next phase of exploration. Early Days for the Canadian Vanadium Opportunity Interest in vanadium has grown along with the price. Demand from China continues to be the key driver. While the rest of the world grows at 2%–3% per year, a bad year for China is +6%, and it’s the second largest economy on the … Continue reading

Utah Vanadium Miner Has 'Tenbagger' Potential

Source: Ron Struthers for Streetwise Reports 02/04/2019 Sector expert Ron Struthers takes a long look at the prospects for the vanadium market and at one company with a property on a past-producing trend. Most of you are very familiar with the lithium-ion batteries and alternate energy like wind and solar. We all have experience with technologies like the lithium batteries in our electronics, small solar panels and charger, as well as wind mills dotted across the landscape. Another technology has come to the forefront because of the way and speed the renewable energy market has progressed. Lithium-ion batteries, although they can be hazardous as those with Samsung phones surely are aware, are entrenched in the energy storage market. They are and will continue to be the battery of choice for electronic devices and some larger applications, like electric cars. Now that renewables are becoming entrenched on our electrical grid, new challenges are emerging. I have commented many times that typical grids can go to 15–20% renewables and the intermittent character of those renewables can be managed within the grid. Many countries are approaching those limits. The other factor is that smart technologies now being used on grids means more effective management of these grids. This has resulted in electric utilities starting to put demand on electrical storage. There have been numerous announcements by utilities that plan on deploying large battery storage. Elon Musk and his Tesla Gigafactory have been catching their share of business and making headlines. The most prominent … Continue reading

Energy Solutions Firm Begins Installations for UK Customer

Source: Streetwise Reports 01/30/2019 The Canadian company is deploying its energy-reducing retrofit technologies at two of this customer’s sites. Smartcool Systems Inc. (SSC:TSX.V; SSCFF:OTC; R3W:FSE) announced in a news release it started installing its ESM and ECO3 systems at two locations for Hall Hunter Partnership, a United Kingdom fruit grower. The family business has seven production locations, four of which are traditional farms and the other three are glasshouse operations. The Smartcool technology should significantly reduce Hall Hunter’s refrigeration costs. Nick Weedon, national sales agent for Smartcool, stated, “Hall Hunter Partnership are a significant player in the berry growing world and deliver exceptional quality fruit across the UK and Western Europe, they also deliver quality and excellence through an approach that combines decades of experience, expertise and passion with modern, innovative techniques. This is achieved through family core values that Smartcool have been pleased to embrace, I look forward to delivering some very significant reductions across the HHP estate.” Smartcool also announced the corporation’s board of directors appointed Damian Smith as a director. Smith founded, ran and was president of Total Energy Concepts Inc., which Smartcool acquired in 2018. Smith continues as president but of the 100%-owned subsidiary of Smartcool Systems Inc. that covers the United States. Read what other experts are saying about: Smartcool Systems Inc. Sign up for our FREE newsletter at: Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of … Continue reading

Energy Firm's First of Three Appraisal Wells Shows 'Encouraging' Results

Source: Streetwise Reports 01/30/2019 A Mackie Research Capital Corp. report reviewed findings from this company’s prospects in Turkey. In a Jan. 28 research note, analyst Bill Newman reported Valeura Energy Inc.’s (VLE:TSX; PNWRF:OTCMKTS) Inanli-1 appraisal well in Turkey’s Thrace Basin “confirmed a thick overpressured gas reservoir.” Inanli-1, in which the company owns a 50% working interest, is part of its current three-well appraisal program. Located about 6 kilometers (6 km) northeast of the discovery well Yamalik-1, Inanli-1 was drilled to 4,885 meters (4,885m), about 689m deeper than Yamalik-1. Inanli-1 hit the primary objective sands at 3,270m “with high net-to-gross sandstone almost continuously to total depth.” The area between 3,270 and 4,885m was assessed as overpressured. Overall, the well seemingly intersected more natural fractures than Yamalik-1. Ready to test, Inanli-1 is now being cased. Fracking and testing are slated to begin in late Q1/19. The program’s second appraisal well, Devepinar-1, 20 km to the west of Yamalik-1, is expected to spud in February or March 2019. Valeura is still finalizing the location of the third appraisal well. Mackie Research has a Speculative Buy rating and a CA$5.75 per share target price on Valeura Energy, whose stock is currently trading at around CA$3.38 per share. Sign up for our FREE newsletter at: Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She … Continue reading

Lithium Developer Completes Strategic Property Acquisition in Nevada

Source: Streetwise Reports 01/29/2019 This Canadian company’s new claim block is near its flagship asset. Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) announced in a news release that its acquisition of the Glory property in Nevada has closed. The seller retains a 3% net smelter return (NSR) royalty interest in Glory, of which Cypress has the right to purchase two-thirds, or a 2% NSR, for $1 million at any time. Glory is strategically located, as it encompasses 137 unpatented placer and lode claims in the southern third of Cypress’ Clayton Valley lithium project. Cypress also is in the process of acquiring the Dean property, situated due north of Glory. Looking forward, Cypress intends to resume drilling at Clayton Valley in January or early February. This infill program will provide fresh samples and target resources in the pit area for inclusion in the prefeasibility study, expected in Q2/19. Read what other experts are saying about: Cypress Development Corp. Sign up for our FREE newsletter at: Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Cypress Development Corp. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are … Continue reading

Comstock Metals: Becoming 'Lean and Mean' with a Focus on Its Core Properties

Source: Thibaut Lepouttre for Streetwise Reports 01/28/2019 Thibaut Lepouttre of Caesars Report profiles a company that has branched out to battery metals, in addition to its gold project. Introduction 2018 was an interesting year for Canada-based Comstock Metals Ltd. (CSL:TSX.V) as it appointed Steven Goldman as interim CEO, completed an equity investment (and joint venture agreement) with E3 Metals (ETMC.V),while it also completed a drill program at the Preview SW gold project in Saskatchewan, where assay results are still pending. A recap of 2018 Last year, Comstock started to focus on battery metals (specifically lithium and cobalt) in its corporate strategy, instead of solely focusing on its gold projects at QV (Yukon) and Preview SW (Saskatchewan) in Canada. It entered into an option agreement in April to acquire 100% of the Rawhide cobalt-silver property in Ontario’s Cobalt camp, which has a total historical production of in excess of half a billion ounces of silver, as well as almost 30 million pounds of cobalt. While the amount of cobalt found in the camp may at first glance appear to be low, it’s important to know the miners were mainly looking for the silver and not for cobalt. The Rawhide property is an early stage exploration project, but the property has already been the subject of sampling and trenching programs. Previous operators completed 650 meters of drilling in the 1950s and 1960s in relatively shallow holes (the average depth was less than 50 meters), and encountered some high-grade silver, copper and cobalt … Continue reading

Coverage Initiated on Oil & Gas Firm That Has 'Tripled Its High-Margin Production Base'

Source: Streetwise Reports 01/28/2019 A Pareto Securities report outlined the thesis for investing in this London-based energy company. In a Jan. 23 research note, analyst Tom Erik Kristiansen reported Pareto Securities initiated coverage on Panoro Energy ASA (PEN:OSE; 1PZ:FRA) with a Buy rating and NOK23 (Norwegian krone) per share target price. The company’s current share price is about NOK14.65. Kristiansen provided the story highlights. First, Panoro continues to expand its base of operations. In Tunisia, it “tripled its high-margin production base to 3,000 barrels of oil equivalent per day (3 Mboe/d) net” with its “highly accretive” acquisition of OMV Tunisia in October 2018, the analyst pointed out. In Gabon, based on the operator’s guidance for Dussafu, phase 2 development should increase Panoro’s production by 30%, to about 4 Mboe/d, on average between 2020 and 2023. Overall, Kristiansen commented, “We expect Panoro to generate US$90M of free cash flow by year-end 2023 at Brent US$70 per barrel that likely will be invested into further growth.” Also, Panoro could acquire more assets in Africa, thereby accelerating growth. Second, significant upside exists for Panoro in the potential results from its development and exploration efforts. The company intends to develop the Salloum, Ruche and Ruche North East discoveries “with tieback solutions to existing infrastructure, reducing costs and increasing the value per barrel of oil equivalent,” Kristiansen indicated. “Derisking of developments and mature infill drilling/tieback opportunities may add as much as NOK8 per share to our net asset value over time.” In addition, Panoro intends … Continue reading

'Large Exploration Upside' Highlighted at Oil & Gas Company's Asset

Source: Streetwise Reports 01/24/2019 A Mackie Research Capital Corp. report discussed conclusions presented in a recent resource update. In a Jan. 17 research note, analyst Bill Newman reported that “large resource upside [was] confirmed” on Touchstone Exploration Inc.’s (TXP:TSX) Ortoire block in Trinidad through the just released NI 51-101 compliant resource update. The report “highlights the potential to more than double the value of the company,” he added. Newman relayed the specifics of the identified resource. Prepared by GLJ Petroleum Consultants Ltd., the report determined there exists, in the three exploration prospects on Ortoire, “a net unrisked P50 contingent and prospective recoverable resource of 21.8 million barrels of oil equivalent (21.8 MMboe) with a discounted value (NPV10%) of $255.1 million ($1.98 per share).” As for the net unrisked contingent recoverable resource alone, the report outlines a best case P50 of 3 MMboe with an NPV10% value of $34.4 million, or $0.27 per share. GLJ calculated a 100% chance of discovery, given Ortoire is in a producing basin near other producing fields and service equipment is easily accessible. GLJ rated the chance of commercialization at 95%. Regarding the net unrisked prospective recoverable resource, the report presents a best case P50 of 18.8 MMboe with an NPV10% value of $219.7 million, or $1.70 per share. GLJ gave it a “relatively high” average discovery chance of 35.7% as several large discoveries surround the Ortoire block. Newman concluded the resource report “confirms substantial reserves and production upside potential of the first three prospects on … Continue reading