Thursday, April 28, 2016


Gold Summary for May 2, 2016 
by Stockwatch Business Reporter: New York spot gold retreated $1.50 to $1,290.90 on Monday. The TSX Venture Exchange lost 3.64 points to 671.23 while the TSX Gold Index slipped 4.09 points to 224.58. Most Canadian gold stocks moved lower, led byAgnico Eagle Mines Ltd. (AEM), which fell 62 cents to $58.69 on 1.48 million shares and Goldcorp Inc. (G), which fell 81 cents to $24.47 on 6.17 million shares.Tom Obradovich's Barkerville Gold Mines Ltd. (BGM) lost one cent to 56 cents on 776,000 shares on word it is acquiring Stephen Leahy and Elaine Ellingham's Williams Creek Gold Ltd. (WCX: $0.035). Barkerville will issue 6.8 million shares to Williams Creek's shareholders, which is approximately one Barkerville share for 16 Williams Creek shares. This, says Mr. Obradovich, Barkerville's chief executive officer, represents a 65 per cent premium. He and his board believe that the acquisition of Williams Creek will add an important "central land package" within Barkerville's land position in the Barkerville camp. (In other words, Mr. Obradovich is seeking to close the donut hole in his company's land position.)

Lundin refreshes Avino Silver buy

2016-04-26 21:29 ET - In the News
Brien Lundin, in the April, 2016, edition of the Gold Newsletter, refreshes his buy of Avino Silver & Gold Mines Ltd., recently $1.31. Mr. Lundin said buy five times from October, 2013, to November, 2015, at prices ranging from $1.24 to $1.92. Assuming a $1,000 investment for each of the five buys, the $5,000 position is now worth $4,566. Avino recently released its financial results for 2015. It produced three million ounces of silver equivalent during the year and generated revenue of $19-million. Mine operating income came to $8.1-million, and net income after taxes was $483,424. The company ended the year with $7.5-million in cash. Soon it will have even more cash; it has made plans to sell 800,000 shares at $1 (U.S.) through a brokered private placement in the United States. The money will go toward the development of the Avino mine in Mexico and the Bralorne mine in British Columbia. Mr. Lundin says the company is doing a good job of containing its costs. The stock remains a buy at current levels and a strong buy on weakness.

Energy Summary for April 27, 2016

2016-04-27 20:27 ET - Market Summary
By Stockwatch Business Reporter
West Texas Intermediate crude for June delivery added $1.29 to $45.33 on the New York Merc, topping $45 for the first time since early November, while Brent for June added $1.44 to $47.18 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.50 to WTI ($31.83), up from a discount of $13.85. Natural gas for May lost 3.7 cents to $1.995. The TSX energy index added 1.82 points to close at 187.42.

Gold Summary for April 21, 2016

2016-04-21 20:46 ET - Market Summary
By Stockwatch Business Reporter
The TSX Venture Exchange rose 4.13 points to 658.38 Thursday. Brian Bayley and Murray Sinclair's halted capital pool shell, Kaizen Capital Corp.(KZN), has closed its acquisition of the Mackie gold-silver exploration property in northwestern British Columbia. The acquisition serves as the shell's qualifying transaction. Kaizen issued 30 million shares to the property vendor, Walter Storm's Tudor Holdings Ltd., and now there are 44,905,000 Kaizen shares issued. The shell's preacquisition shareholders own 6.74 per cent of the company. Kaizen is awaiting final exchange approval to begin trading as a TSX-V mining issuer (with the same name and symbol).

Energy Summary for April 20, 2016

2016-04-13 20:07 ET - Market Summary
By Stockwatch Business Reporter
West Texas Intermediate crude for May delivery added $1.55 to $42.63 on the New York Merc, while Brent for June added $1.77 to $45.80 (all figures in this para U.S.). Prices had fallen earlier in the day after oil workers in Kuwait ended their three-day strike "in appreciation of His Highness the Amir" Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, according to the state-run Kuwait News Agency (as reported by the Associated Press). A separate report from the agency said it may take about three days for Kuwait to return to its normal production rate of about three million barrels a day. This news was offset by U.S. government data showing that crude stockpiles rose by less than expected last week, as well as speculation that major oil producers will meet in Russia next month for another attempt at a production-freezing agreement. Western Canadian Select traded at a discount of $13.90 to WTI ($28.73), down from a discount of $13.75. Natural gas for May lost 1.9 cents to $2.069. The TSX energy index added a fraction to close at 184.02.

ENERGY SUMMARY APRIL 18 by Stockwatch Business Reporter
West Texas Intermediate crude for May delivery lost 58 cents to $39.78 on the New York Merc, while Brent for June lost 19 cents to $42.91 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.75 to WTI ($26.03), up from a discount of $14.80. Natural gas for May added 3.8 cents to $1.94. The TSX energy index added 2.13 points to close at 177.70.
At yesterday's meeting in Doha, Qatar, efforts by global major oil producers to reach a production-freezing agreement proved fruitless. The failure was not entirely a surprise, and even if the meeting had ended in a successful agreement, it would not have had much practical effect anyway: It would have had to exempt countries such as Iran, and it would almost certainly have contained no enforcement mechanisms. Even so, the failure revived industry fears of another bloody battle for market share. Nerves became even more strained after Saudi Arabia -- which essentially torpedoed the Doha talks by insisting that Iran join the freeze -- warned that it might actually raise its production. Deputy Crown Mohammed bin Salman told Bloomberg that Saudi Arabia could immediately hike its output to 11.5 million barrels a day (a 1.3-million-barrel-a-day increase from March) and could get to 12.5 million barrels a day in six to nine months "if we wanted to."

Gold Summary for April 14, 2016

2016-04-14 21:11 ET - Market Summary
by Stockwatch Business Reporter
New York spot gold slipped $14.80 to $1,227.60 on Thursday. The TSX Venture Exchange gained 3.70 points to 625.42 while the TSX Gold Index slipped 5.61 points to 196.44. Most gold miners were down today. Barrick Gold Corp. (G) fell 75 cents to $19.81 on 10.77 million shares, while Kinross Gold Corp. (K) fell 26 cents to $5.30 on 17.89 million shares.

Energy Summary for April 7, 2016

2016-04-07 20:37 ET - Market Summary
By Stockwatch Business Reporter
West Texas Intermediate crude for May delivery lost 49 cents to $37.26 on the New York Merc, while Brent for June lost 41 cents to $39.43 (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.95 to WTI ($22.31), down from a discount of $14.20. Natural gas for May added 10.7 cents to $2.018, closing above $2 for the first time since Feb. 10. The TSX energy index lost 2.10 points to close at 167.33.

Check out this Michael Belkin interview:

Gold Summary for April 4, 2016

2016-04-04 18:02 ET - Market Summary
By Stockwatch Business Reporter
New York spot gold fell $6.70 to $1,215.20 on Monday. The TSX Venture Exchange gained 1.34 points to 582.75 while the TSX Gold Index lost 3.78 points to 180.23. Most Canadian miners retreated today. Alamos Gold Inc.(AGI) was off 46 cents to $6.79 on 1.02 million shares while Eldorado Gold Corp. (ELD) lost 14 cents to $3.94 on 2.46 million shares.
ALERT ON SILVER MINER: ASM, Avino Silver...just saw it this week. Chart looks real good, like it's set to make all time highs, and it's not too late to get's just starting an uptrend now.

Energy Summary for April 1, 2016

2016-04-01 17:24 ET - Market Summary
By Stockwatch Business Reporter
West Texas Intermediate crude for May delivery lost $1.55 to $36.79 on the New York Merc, while Brent for June lost $1.66 to $38.67 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.25 to WTI ($23.54), up from a discount of $13.40. Natural gas for May lost 0.3 cent to $1.956. The TSX energy index lost 4.48 points to close at 168.12.

Oil prices slid after the deputy crown price of Saudi Arabia, Mohammed bin Salman, indicated that his country will not freeze its oil production unless other countries -- including Iran -- do the same. "If all countries agree to freeze production, we're ready," he told Bloomberg. "If there is anyone that decides to raise their production, then we will not reject any opportunity that knocks on our door." Iran has already made it very clear that it is not interesting in joining a freezing pact. Even so, traders and analysts had speculated that Saudi Arabia would freeze output anyway. Now the deputy crown prince says Iran "without a doubt" must co-operate. 

Gold and Oil correlation?


Arthur Berman: Why The Price Of Oil Must Rise

 --13 Jan 2016
 Geologist Arthur Berman explains why today’s low oil prices are not here to stay, something investors and consumers alike should be very aware of. The crazy-low prices we’re currently experiencing are due to an oversupply created by geopolitics and (historic) easy credit, not by sustainable economics.
And when the worm turns, we are more likely than not to experience a sudden supply shortfall, jolting prices viciously higher. This will be a situation not soon resolved, as the lag time for new production to come on-line will be much longer than the world wants.
The same things that always drive prices in the end it’s always about fundamentals. The markets are peculiar and they change every day. But the fundamentals of supply and demand at some point markets come back to those and have to adjust accordingly. Not on a daily basis, maybe not even on a monthly basis. But eventually they get it right. So this oil price collapse is really straight forward as far as I can tell, and it has to do with cheap stupid money because of artificially low interest rates that resulted in over-investment in oil — as well as lots of other commodities that are not in my area of specialty, but that’s what I see. And over-investment led to over-production and eventually over-production swamped the market with too much supply and the price has to go down until we work our way through the excess supply.

Friday, December 11, 2015

Connacher Oil and Gas Limited (T.CLC) Sector: Energy | Sub-Sector: Oil & Gas Integrated Alternate Symbol(s): CLLZF

After consolidating shares 1 for 800, Connacher could be the best value in the Canadian oil patch...

Corporate Profile of Connacher Oil and Gas Limited :

Connacher Oil and Gas Limited is a Calgary-based exploration, development and production company active in the production and sale of bitumen, crude oil, natural gas and natural gas liquids. Connacher’s shares trade on the TSX under the symbol CLC. Connacher’s principal asset is a 100 percent interest in approximately 87,000 net acres of oil sands leases in the Athabasca oil sands fairway, situated primarily southwest of Fort McMurray, Alberta.

Monday, October 26, 2015


Vantex appoints Laverdiere CEO, Morissette resigns

2015-10-26 16:05 ET - News Release
Mr. Gilles Laverdiere reports
Vantex Resources Ltd. has made corporate changes. Gilles Laverdiere was appointed as new chief executive officer of Vantex following the resignation of Guy Morissette.
Mr. Laverdiere has been a consulting geologist to exploration mining companies since 2013. From 2011 to 2013, he was senior consulting geologist for Merrex Gold Inc., where he was in charge in developing a gold project in Mali within a joint venture with Iamgold Inc. From 2006 to 2010, he was a consulting geologist in charge of planning and supervising drilling projects in northwestern Quebec and writing NI 43-101 geological reports. From 1998 to 2006, he was CEO of HMZ Metals Inc., where he acquired mining assets in China and listed the company through an initial public offering on the Toronto Stock Exchange. From 1985 to 1997, he has been part of senior management and on the board of many public mining companies, where he evaluated mining prospects, and negotiated and structured financing for various mining companies in Canada, the Philippines, Brazil and Nevada. From 1978 to 1984, he was a geologist with a focus on gold exploration in northwestern Quebec.
Wayne Carlon as vice-president of business development (Oct. 20) and Denis Tremblay as chief financial officer and corporate secretary (effective Oct. 31) also submitted their resignations. The board of directors of Vantex wants to thank them and Mr. Morissette for many years of loyal services and wishes them the best in their future endeavours.
Exploration update
Vantex has completed an MMI soil geochemistry survey over the Morriss and Hurd showings on the Galloway property. A strong bull's eye gold anomaly was detected over the Morriss showing, and another one was detected about 600 metres to the north. Since the MMI geochemistry survey method seems to unveil buried gold deposits on the property, the company has decided to extend the survey on the project. On the Hurd showing, two generally north-south-striking gold anomalies were outlined. One of them is related to the gold intersection in hole VDH-12-59, which intersected 2.68 grams per tonne gold over 9.0 metres. The other gold anomaly remains to be tested by drilling.
Mr. Laverdiere, PGeo, is the qualified person as defined under NI 43-101, who has reviewed and is responsible for the technical information presented in this news release.

© 2015 Canjex Publishing Ltd. All rights reserved.

Monday, February 16, 2015

Petromin Resources Ltd. [PTR]

A small O/G company with a big investment in Chinese shale gas,
producing properties in Alberta, and advanced patented technologies.
A lot of potential upside here going forward...on SALE now.

Petromin Resources Ltd. is a progressive international Petroleum
and Natural Gas Exploration and Production company listed Tier 1 on the
Toronto Venture Stock Exchange.
The Company is currently focused on developing 655 sq km of coalbed methane (CBM)
 land in Western China along the Southern Junggar Basin (in China).
Alongside significant international resource development initiatives in China and Kuwait,
the Company’s core operations include five oil and gas producing properties in Alberta
Canada along the Western Canada Sedimentary Basin.

Petromin is leading the way in technologically innovative methods designed to significantly improve reserves of existing oil pools (EOR) and to enhance the recovery of coalbed methane (ECBM) while significantly minimizing greenhouse gas (GHG) emissions.

(PTR has a 15-20% stake in TWE)
the claim is for 1.8 billion dollars;
PTR owns 15-20% of TWE stock,
which could propel this 2c. stock to be a rare 100 bagger!

VANCOUVEROct. 5, 2015 /CNW/ - Petromin Resources Ltd is pleased to announce that it has elected to participate in the completion of the MIDDLE ELLERSIE ZONE in the 11-35-39-28W4M well located in the Joffre field.
Upon completion, the well will be placed on production through the existing surface equipment and gas gathering and plant system. Petromin retains a 16.667% working interest in the section including an adjacent gas and oil well in LSD1-35-39-28W4M.
Vesta Energy Ltd. will operate the well. The Company also retains a 16.667% working interest in the Duvernay Rights on the section in the center of the east basin Duvernay Play. The Duvernay in general is considered to be a world class emerging play with reserve estimates by the former Energy Resources Conservation Board to contain 443 trillion cubic feet of gas and 61.7 billion barrels of oil.

Monday, November 10, 2014

Canadian producers sheltered from oil’s plunge...

Canadian producers sheltered from oil’s plunge

Canadian crude producers are being cushioned from falling global prices by a drop in the loonie and narrower discounts for heavy oil shipped to key U.S. markets.
Brent crude, the global benchmark, has fallen about 15 per cent over the past 30 days, and U.S. West Texas intermediate has also tumbled sharply. But in Canada, the average price in Canadian dollars received by producers was actually slightly higher in the past month than over the previous 4 1/2 years, Toronto-Dominion Bank economist Leslie Preston said in a report Monday.
CP Video Nov. 10 2014, 6:15 AM EST

Video: Business Forecast: Oil prices could yield gains for TSX


The reason is tied to favourable moves in the currency market, along with a reduced discount for Canadian heavy oil against WTI as more Alberta oil finds its way to U.S. refineries in need of heavy crude.
“It is a bit like the cleanest dirty shirt,” Ms. Preston said in an interview. “The reality is we are better off now because we were worse off two years ago, when we were in the worst phase of discounting and the Canadian dollar was at parity.”
The Canadian Association of Petroleum Producers estimates that a 1-cent decline in the Canadian dollar would be equivalent to a $1-per-barrel rise in the oil price. Since the June peak, the benchmark Canadian heavy Western Canada Select has dropped $12 (U.S.) a barrel, but the loonie has fallen 5 cents against the greenback, cancelling out nearly half the crude price drop.
“It has been partially mitigated but it has not offset the total decline that is out there,” CAPP vice-president Greg Stringham said. Heavy oil accounts for nearly 70 per cent of Canada’s exports so far this year, and like all Canadian production, it is priced in relation to the leading U.S. benchmark, WTI.
Oil prices continued to sink Monday. WTI fell to $77.40 (U.S.) a barrel, down $1.25 on the day and off nearly $30 since its peak in June. The leading international benchmark, Brent, fell more than $1 to $82.34, and has fallen $33 since June.
Canadian heavy oil producers have seen their prices improve relative to WTI, thanks to the expansion of rail and pipeline capacity out of Alberta, and the commission of a heavy-oil processing unit at BP PLC’s Whiting refinery in Indiana.
There has been surging demand for Canada’s extra-thick crude on the U.S. Gulf Coast, home to the world’s largest refining complex, said Jackie Forrest, vice-president of energy research at ARC Financial Corp. in Calgary. The region has capacity to soak up as much as 2.7 million barrels a day of heavy oil, Ms. Forrest said.
But consumption has been held back, averaging just 1.8 million b/d so far this year, amid a pullback in deliveries from traditional suppliers in Venezuela and Mexico, and protracted delays building pipelines such as TransCanada Corp.’s Keystone XL.
“So that gap is the opportunity for Canada, because that’s actually refineries that would prefer to take heavy crude that just can’t get it,” Ms. Forrest said. “That’s translated into stronger prices back here in Western Canada as well for heavy crudes compared to light crudes.”
Discounts for Western Canada Select, the key oil sands benchmark, have shrunk to an average of about $19 (U.S.) this year from roughly $24 a year ago, for example.
Prices are expected to more closely track the U.S. benchmark as more production heads south from Alberta through expanded rail networks and new pipeline connections. “There’s still a very big market for Canadian heavy crude in the Gulf Coast despite the growth of tight oil,” she said, referring to the boom in unconventional light oil production in the United States.
Ms. Preston, the TD economist, said lower prices won’t stall Canadian production growth until later this decade because supply coming on stream now was planned several years ago. “We still expect over the next couple of years production to grow year over year by 5 to 6 per cent … but I would expect to see a hit to corporate profits and government revenues over the next couple quarters.”
While some companies have shelved high-cost projects, those decision were taken prior to the slump in prices and had more to do with market access, cost inflation and a renewed emphasis on high-return projects rather than growth for growth’s sake.
The cash crunch is more likely to impede production from unconventional tight oil plays, like Alberta’s Duvernay, where the investment cycle is shorter, than in the long-lead-time, capital-intensive oil sands projects.