As we��e noted countless times before, the fracking revolution has completely changed the game for America�� energy sector. Energy companies continue to use the technique along with other advanced horizontal drilling methods to unearth a huge abundance of oil and natural gas.
Top 10 Biotech Companies To Own For 2015: InterOil Corp (IOC)
InterOil Corporation (InterOil), incorporated on August 24, 2007, is an integrated energy company operating in Papua New Guinea and the surrounding Southwest Pacific region. InterOil operates in four segments: upstream, midstream, downstream and corporate. The upstream segment explores, appraises and develops crude oil and natural gas structures in Papua New Guinea. This segment also manages its construction business, which services the development projects underway in Papua New Guinea. The midstream segment produces refined petroleum products at Napa Napa in Port Moresby, Papua New Guinea for the domestic market and for export. It is developing liquefaction and associated facilities in Papua New Guinea for the export of liquefied natural gas (LNG). The downstream segment markets and distributes refined products domestically in Papua New Guinea on a wholesale and retail basis.
During 2012, it sold approximately 13% of its refined petroleum products to Pacific Energy Aviation (PNG) Ltd for aviation refueling at Papua New Guinea�� international airport in Port Moresby. The corporate segment provides support to the other business segments by engaging in business development and improvement activities and providing general and administrative services and management, undertakes financing and treasury activities, and is responsible for government and investor relations. This segment also manages the Company�� shipping business, which operates two vessels transporting petroleum products for it�� and external customers, both within PNG and for export in the South Pacific region.
Upstream - Exploration and Production
InterOil�� upstream business segment focuses on the development program for the Elk, Antelope and Triceratops fields. The Elk and Antelope fields are onshore gas fields with contingent resources. As at December 31, 2012, it had interests in three PPLs and one PRL in Papua New Guinea covering 3,996,453 gross acres, all of which were operated by the Co! mpany. PPLs 236, 237 and 238 and PRL 15 are located onshore in the Eastern Papuan Basin, northwest of Port Moresby. It undertook exploration activities in its three exploration licenses, PPL 236, PPL 237 and PPL 238. These exploration activities involved a regional airborne geophysical survey, various seismic surveys across a number of prospects and preparation for drilling of its next appraisal well, Triceratops 2, which was spudded in mid-January 2012.
As of December 31, 2012, the Company had a 100% working interest in PPL 236. The license consists of 53 graticular blocks covering an area of 4,502 square kilometers or 1,112,464 acres. As of December 31, 2012, the Company had a 100% working interest in PPL 237. The license consists of 34 graticular blocks covering an area of 3,238 square kilometers or 715,648 acres. As of December 31, 2012, the Company had a 100% working interest in PPL 238. The license consists of 94 graticular blocks covering an area of 7,922 square kilometers or 1,978,565 acres.
Midstream
The Company�� refinery is located across the harbor from Port Moresby, the capital city of Papua New Guinea. Its refinery is the sole refiner of hydrocarbons located in Papua New Guinea. Jet fuel, diesel and gasoline are the primary products that the Company produces for the domestic market. The refining process also results in the production of two Naphtha grades and low sulfur waxy residue. Papua New Guinea is its principal market for the products its refinery produces, other than Naphtha and LSWR. Its refinery is fully certified to manufacture and market Jet A-1 fuel to international specifications and markets this product to both domestic Papua New Guinea and overseas airlines.
Downstream - Wholesale and Retail Distribution
The Company has the wholesale and retail petroleum product distribution base in Papua New Guinea. This business includes bulk storage, transportation distribution, aviation, wholesale and retail facilities! for refi! ned petroleum products. Its downstream business supplies petroleum products nationally in Papua New Guinea through a portfolio of retail service stations and commercial customers. As of December 31, 2012, InterOil provided petroleum products to 53 retail service stations with 43 operating under the InterOil brand name and the remaining 10 operating under their own independent brand. Of the 53 service stations that the Company supplies, 16 are either owned by or head leased to it, which it then sublease to company-approved operators. The remaining 37 service stations are independently owned and operated. It also provides fuel pumps and related infrastructure to the operators of the majority of these retail service stations that are not owned or leased by the Company under cover of equipment loan agreement. Its retail business accounted for approximately 15% of its total downstream sales during 2012. Its retail and wholesale distribution business distributes diesel, jet fuel, avgas, gasoline, kerosene and fuel oil, as well as branded commercial and industrial lubricants, such as engine and hydraulic oils.
The Company competes with ExxonMobil.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of energy explorer InterOil (NYSE: IOC ) jumped 12% today after the company released earnings.
So what: First-quarter revenue rose 3.6% to $350.3 million and topped the $331.5 million estimate from Wall Street. Net income fell 58% to $4.0 million, or $0.08 per share, but analysts were expecting a $0.12 loss per share.
- [By Eric Volkman]
InterOil (NYSE: IOC ) has a new name on the door of its CEO's office. The company announced that it appointed Michael Hession to be its chief executive, effective immediately.
- [By Jake L'Ecuyer]
InterOil (NYSE: IOC) shares were down as well, falling 36.66 percent to $56.15 after the company announced it would sell its interest in a Papua New Guinea bloc to Total, for between $1.5 billion and $3.6 billion according to InterOil, and $1.2 billion according to Total. The deal appears to have disappointed traders as they smacked the stock down following the announcement.
- [By Roberto Pedone]
Another earnings short-squeeze prospect is integrated energy player InterOil (IOC), which is set to release numbers on Monday after the market close. Wall Street analysts, on average, expect InterOil to report revenue of $261.35 million on a loss of 7 cents per share.
The current short interest as a percentage of the float for InterOil is extremely high at 33.2%. That means that out of the 32.97 million shares in the tradable float, 11.82 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 3.4%, or by about 384,000 shares. If the bears are caught pressing their bets into a strong quarter, then shares of IOC could trend substantially higher post-earnings as the bears abandon some of their bets.
From a technical perspective, IOC is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $65.08 to its recent high of $91.04 a share. During that uptrend, shares of IOC have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of IOC within range of triggering a major breakout trade.
If you're bullish on IOC, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels $88.09 to $91.04 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 763,608 shares. If that breakout triggers, then IOC will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $106.44 a share. Any high-volume move above $106.44 will then give IOC a chance to tag $110 to $115 a share.
I would avoid IOC or look for short-biased trades if after earnings it fails to trigger that breakout and
Top Gas Stocks For 2014: Imperial Oil Limited(IMO)
Imperial Oil Limited engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment engages in the exploration and production of conventional crude oil, natural gas, synthetic oil, and bitumen primarily in the Western Provinces, the Canada Lands, and the Atlantic Offshore. Its primary conventional oil producing asset includes the Norman Wells oil field in the Northwest Territories. The Downstream segment engages in the transportation and refining of crude oil, as well as blending, distribution, and marketing of refined products. It owns and operates crude oil, and natural gas liquids and products pipelines in Alberta, Manitoba, and Ontario. The Chemical segment engages in the manufacture and marketing of various petrochemicals, including ethylene, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. As of De cember 31, 2010, Imperial Oil Limited had 1,204 million oil-equivalent barrels of proved undeveloped reserves; maintained a nation-wide distribution system, including 24 primary terminals, to handle bulk and packaged petroleum products moving from refineries to market by pipeline, tanker, rail, and road transport; and sold petroleum products through 1,850 Esso retail service stations, of which approximately 510 were company owned or leased. The company was founded in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited operates as a subsidiary of Exxon Mobil Corporation.
Advisors' Opinion:- [By Vanin Aegea]
Two companies that have been around for some time now are Imperial Oil (IMO) and Pembina Pipeline (PBA). Political instability in the Middle East has also given an extra relevance to the reserves found at this region, so let us see what the future holds and what gurus think of them.
- [By Aaron Levitt]
Ten of Exxon�� major projects are expected to begin pumping energy throughout this year. These include expansions of Imperial Oil�� (IMO) oil sands production in Canada, new deepwater wells in the Gulf of Mexico as well as finally seeing production from its partnership in Russia. XOM �will start producing oil from the largest offshore oil and gas platform in that nation within a few months. These projects will add about 300,000 barrels per oil equivalent per day to Exxon�� production.
- [By Caiman Valores]
But as highlighted earlier Whitecap's Canadian light sweet crude is not as heavily discounted as Canadian heavy oil or bitumen. This does not leave it exposed to the same price risks and volatility as those companies that have a significant portion of their production made up by Canadian heavy oil and Bitumen, such as Husky Energy (HUSKF.PK), Suncor (SU), Imperial Oil (IMO) and Canadian Natural Resources (CNQ).
Top Gas Stocks 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�� 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 terminal 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.
Advisors' Opinion:- [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.
- [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�� 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 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.
Top Gas Stocks 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.
Top Gas Stocks For 2014: Pioneer Exploration Inc (PIEX)
Pioneer Exploration Inc. (Pioneer) is an exploration-stage company. The Company is primarily engaged in the acquisition and exploration of mining properties.
As of August 31, 2012, the Company has not generated any revenue. As of August 31, 2012, the Company does not have any manufacturing facilities, operations, suppliers, products, or customers.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Metrospaces Inc (OTCMKTS: MSPC), LEEP INC (OTCMKTS: LPPI) and Pioneer Exploration Inc (OTCMKTS: PIEX) have been getting some attention lately due to either promotions or share trading activity. Unfortunately, there are still unanswered questions about these three ��ark horse��stocks which make it more difficult for investors and traders alike to evaluate. With that in mind, let�� try to shine the light on what we know about all three small caps:
Top Gas Stocks For 2014: Genesis Energy LP (GEL)
Genesis Energy, L.P. (Genesis) is a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and in the Gulf of Mexico. The Company has a portfolio of customers, operations and assets, including pipelines, refinery-related plants, storage tanks and terminals, barges and trucks. Genesis provides an integrated range of services to refineries, oil, natural gas and carbon dioxide (CO2) producers, industrial and commercial enterprises that use sodium hydrosulfide (NaHS) and caustic soda, and businesses that use CO2 and other industrial gases. The Company operates in three segments: Pipeline Transportation, Refinery Services, and Supply and Logistics. In August 2011, the Company acquired black oil barge transportation business of Florida Marine Transporters, Inc. In November 2011, it acquired a 90% interest in a 3,500 barrel per day refinery located in Converse County, Wyoming, including 300 miles of abandoned 3- 6 pipeline. On January 3, 2012, it acquired interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in the Poseidon pipeline system, its 29% interest in the Odyssey pipeline system, and its 23% interest in the Eugene Island pipeline system. In August 2013, the Company announced that it has completed the acquisition of all the assets of the downstream transportation business of Hornbeck Offshore Transportation, LLC (Hornbeck).
Pipeline Transportation
The Company transports crude oil and carbon dioxide (CO2) for others for a fee in the Gulf Coast region of the United States through approximately 550 miles of pipeline. Its Pipeline Transportation segment owns and operates three crude oil common carrier pipelines and two CO2 pipelines. Its 235-mile Mississippi System provides shippers of crude oil in Mississippi indirect access to refineries, pipelines, storage terminals and other crude oil infrastructure ! located in the Midwest. Its 100-mile Jay System originates in southern Alabama and the panhandle of Florida and provides crude oil shippers access to refineries, pipelines and storage near Mobile, Alabama. The Company�� 90-mile Texas System transports crude oil from West Columbia to several delivery points near Houston. Its crude oil pipeline systems include access to a total of approximately 0.7 million barrels of crude oil storage.
The Company�� Free State Pipeline is an 86-mile, 20 CO2 pipelines that extends from CO2 source fields near Jackson, Mississippi, to oil fields in eastern Mississippi. It has a twenty-year transportation services agreement (through 2028) related to the transportation of CO2 on its Free State Pipeline.
Refinery Services
Genesis provides services to eight refining operations located in Texas, Louisiana and Arkansas, which operates storage and transportation assets in relation to its business and sell NaHS and caustic soda to industrial and commercial companies. The refinery services involve processing refiner�� sulfur (sour) gas streams to remove the sulfur. The refinery services also include terminals and it utilizes railcars, ships, barges and trucks to transport product. Its contracts are long-term in nature and have an average remaining term of four years.
Supply and Logistics
The Company provides services to Gulf Coast oil and gas producers and refineries through a combination of purchasing, transporting, storing, blending and marketing of crude oil and refined products, primarily fuel oil. It has access to a range of more than 250 trucks, 350 trailers and 50 barges with 1.5 million barrels of terminal storage capacity in multiple locations along the Gulf Coast, as well as capacity associated with its three common carrier crude oil pipelines.
Advisors' Opinion:- [By Eric Volkman]
Genesis Energy (NYSE: GEL ) unitholders will take home a bit more money in dividends compared with previous periods. The company has declared its latest disbursement, which is to be $0.51 per common unit, to be handed out on Aug. 14 to shareholders of record as of Aug. 1. That amount is a shade above Genesis Energy's previous distribution of $0.4975 per share, which was paid in mid-May.
Top Gas Stocks For 2014: RMP Energy Inc (OEXFF.PK)
RMP Energy Inc. (RMP) is a crude oil and natural gas company. The Company is engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids (NGLs) reserves within the provinces of Alberta and Saskatchewan, Canada. RMP conducts its operations in the Western Canadian Sedimentary Basin, primarily in the provinces of Alberta and Saskatchewan. The Company�� principal properties include Gilby, Pine Creek, Kaybob, Waskahigan, Ante Creek, Ricinus, Gordondale, Resthaven/Bilbo and Big Muddy. The Gilby property is located 110 kilometers southwest of Edmonton, Alberta. Kaybob property is located 250 kilometers northwest of Edmonton, Alberta and consisted of 31 producing and non-producing gas wells as of December 31, 2011. In November 2013, RMP Energy Inc closed the purchase of complementary Montney light oil assets located in its core areas of Ante Creek and Waskahigan in West Central Alberta. Advisors' Opinion:- [By Value Digger]
As peers, I selected Artek Exploration (ARKXF.PK), RMP Energy (OEXFF.PK), Synergy Resources (SYRG) and Magnum Hunter Resources (MHR). The first two firms trade also on the main Toronto board under the tickers RTK.TO and RMP.TO respectively. These peers comply with the following criteria:
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