Previous Index Next Energy Market Update Crude Currently Overpriced. US crude production last week was at 12.8 Mb/d, up 700 Kb/d from the prior year. Putting this in context, this is up from the Covid period of 9.7 Mb/d and the peak in early 2020 of 13.2 Mb/d (Chart #10). The shale revolution is the […]
SER: September 14, 2023 – 2. Energy Market Update Read More »
Previous Index Next Company Updates Key Updates on Three Covered Companies Significant Update CWC Energy Services CWC received a takeover offer on Thursday September 7th from Precision Drilling (PD-T) that values the company at $141M. It is a share and cash deal driven by their largest shareholders: Brookfield (56% interest) and the Canada Pension Plan
SER: September 14, 2023 – 3. Company Updates Read More »
Previous Index Next Insider trading Review: Buying & Selling We thought it was again time to see what management and insiders were doing with their investments in their company stock since our last review on February 10th. We include all the Canadian companies we cover in this review and have broken down the information under
SER: September 14, 2023 – 4. Insider Trading Read More »
Previous Index Next Coverage list Energy & Energy service companies • price as of September 8, 2023 *Disclosure: Ownership by JIS or immediate family memberNo new positions either Buy or Sell can be undertaken by anyone at SER until 5 days after an Action Alert has been sent out Valuation List Energy & Energy service
SER: September 14, 2023 – 5. Coverage & Valuation Lists Read More »
Previous Index Next Performance Review You can always find the most recent Action BUY List under Reports. Reminder We are long-term value investors, and our intent is on helping individual investors create the best possible energy portfolios now while conditions are volatile. We recommend taking advantage of stocks when they are at low-risk entry points
SER: September 14, 2023 – 6. Action Alert Lists Read More »
Previous Index Next Josef’s Notes Recent action or company discussion We currently hold nine positions and have added to some of our holdings during periods of market weakness. This month we added to our Touchstone Exploration position as it retreated due to market worries. We took some near-term profits in Trican as it had a
SER: September 14, 2023 – 7. Ownership Disclosure List Read More »
US Crude Production Rises To 12.9 Mb/d, The Highest This Year. Lower Fall Seasonal Demand Should Weaken Crude Prices In The Near Term. Global Economic, Political & Military Update Some of the positive and negative issues facing the US and other major economies are: For the US: The US CPI accelerated in August as gasoline
Eye on Energy: September 13 Read More »
Saudis Squeeze Oil Shorts With Plan To Extend Production Cut Of 1.0Mb/d To The End Of The Year. Global Economic, Political & Military Update Some of the positive and negative issues facing the US and other major economies are: For the US: The US banking system remains fragile as regulatory capital increases (effective October 1st)
Eye on Energy: September 7 Read More »
Report Navigation Welcoming Comments 1. Company Updates Under Review, Removed from BUY List: PIPE. Updates: TXP. 2. Quarterly Reports Review of 16 Companies’ Q2/23 Results. 3. Company Lists Covered Companies & Valuation Analysis. Company Links. 4. Action Alert Lists Action Alert Performance Reports, & Action Sell Lists. 5. Disclosure List SERSI & Family/Staff Ownership Disclosure.
Schachter Energy Report: August 31, 2023 Read More »
Previous Index Next Company Updates Key Updates on Three Covered Companies Under Review REmoved from SER Action BUY List Pipestone Energy (PIPE-T $2.21) Pipestone had production of 33,143 boe/d in Q2/23 up 8% from 30,770 boe/d in Q2/22, despite the wildfires impacting some of their production during the quarter. The mix was 59% natural gas
SER: August 31, 2023 – 1. Company Updates Read More »
