Schachter Energy Report



This Terms of Use Agreement is effective as of November 24, 2018, Reviewed on November 24 2023


These Terms of Use (“Terms”) is an agreement between you and Schachter Energy Research Services Inc. (“we”, “us”, or “our”). It sets forth the terms by which you may access and use any service or product we offer now or in the future (“Services”). Schachter Energy Research Services Inc. (“Schachter Energy Research”) is a Canadian Company based in Calgary, Alberta. Schachter Energy Research operates the website (“Website”) and produces the Schachter Energy Report and related services and products.

Acceptance of terms:

Please read the terms of this agreement carefully before subscribing to any of the services or products offered by Schachter Energy Research. Your use of our services signifies your acceptance of these terms. If you do not agree to these terms, you should not use our Services.

We may change these Terms at any time without notice and it is your responsibility to read them periodically. We will post a notice of any material changes on the Schachter Energy Report Website (“Website”). Your continued use of the Services means that you accept any new or modified terms and conditions.

Ownership: Restrictions on Use

The Website contains copyrighted material and proprietary information. All information, including but not limited to newsletter publications, update reports, articles, charts, graphics, logos, photos, videos, archives, (“Content”), any other information including web design, images, the order and arrangement of material, and the ‘look and feel’, as displayed on our Website is the property of Schachter Energy Research Services Inc.

It is a violation of law to reproduce or distribute all or part of our reports to anyone (including but not limited to others in the same company or group) by any means, including but not limited to photocopying, printing, faxing, scanning, emailing and website posting without the prior written consent of Schachter Energy Research.

Paid Subscribers do have permission from Schachter Energy Research to download, display and print the Content as long as it remains intact with all copyright and proprietary notices, and is for your own personal use only.

You may not, modify, re-publish, resell or provide access by others to our Content without the prior consent of Schachter Energy Research. This includes protecting your username and password so others may not access your account.

Any information that is in the public domain and used in our products or services, will have sourcing information and attribution attached, for example charts from the Energy Information Administration (EIA) or magazine articles. You are encouraged to visit their respective websites to gain printable or shareable access to this information.

We reserve the right to terminate the subscription of anyone who uses our Website for any unlawful purposes or in violation of these Terms.

Fees and Payment

Schachter Energy Research Services Inc. is a Canadian Company operating in Calgary, Alberta. All fees are collected in Canadian Dollars.

Out of province, Canadian subscriptions will also be charged GST or HST as appropriate. Out of country subscriptions will charged at the exchange rate of the day for Canadian Dollars, with appropriate taxes based on region.

All Subscribers are bound by Canadian Laws that govern the use of our Services.

Promotional Offers

From time to time we may offer special pricing or time-limited promotional offers. Any Terms specific to those offers will be communicated clearly on the description of the offer. All other terms set out herein apply.

Automatic Re-billing

Subscriptions are pre-paid on an annual  or quarterly basis and are set to renew automatically. This allows us to ensure uninterrupted delivery and access to your Reports, Updates, Company Coverage, Action Alerts,   Webinar Recordings and other information.  

You may cancel the automatic billing feature by cancelling your subscription in your account profile.  You will not be re-billed at the end of your term, but you will still have access to your subscription until the expiry date. We send reminders prior to the expiration date of all subscriptions with information on how to cancel, switch or reactivate your subscription as you wish.  No  partial refunds will be made for early cancellation.

If you do not cancel your subscription before the expiry date, you will be automatically renewed on the renewal date and billed accordingly.

Cancelling Your Subscription

Because Subscriptions are offered and pre-purchased on an annual or quarterly basis we do not offer pro-rated refunds if you wish to cancel your subscription early. You will continue to have access to all information your subscription entitles you to until your expiry date.

Be sure to cancel your subscription in your account section prior to the expiry date if you do not intend to renew your subscription or you will be charged for another term.

Subscriber Conduct

Subscribers agree that they:

will not use the Website, or any of our Services for unlawful purposes;
will not post or transmit any material which violates or infringes in any way upon the rights of others; and
will not post a link to our Website onto any other website without our express permission.


The information, recommendations,  updates, Action Alerts and any other notifications or information you may receive from us is for your information only and is not intended to be personal investment advice. You alone are responsible for your investment decisions and will not hold any director, employee (or their immediate families) of, or contract providers to, Schachter Energy Research Services Inc. liable for the results of any investment decision made by you based on information from any of our materials. It is always wise to consult a qualified Investment Advisor before making investment decisions.

We believe that all information from publicly available sources or third parties that we include in our Service is reliable, but we make no guarantee as to its accuracy.

Miscellaneous Terms

The laws of the Province of Alberta and the laws of Canada govern these Terms.

The parties understand and agree that these terms, and all Content on the Website and in our services and products will be provided in English only.

Our Website includes links to other websites that we believe may be of interest to you, however, we are not specifically endorsing the information or opinions expressed on these websites. Always check the privacy policy and terms of use of any website you visit.

The Subscriber agrees to indemnify and hold harmless Schachter Energy Research Services Inc., and its directors, employees and their families, and service providers, from and against all claims arising out of the use of our Website, Products or Services by the Subscriber or the Subscriber’s account.

Contact Us

You may contact us regarding this Terms of Use Agreement by contacting our Support Center at or through the “Contact Us” area of our website.Reports


Last updated:  March 21, 2017 and reviewed November 20, 2023

The Schachter Energy Report is an investment research publication focused on the Canadian Energy Sector and published by Schachter Energy Research Services Inc. (“Schachter Energy Research”) based in Calgary, Alberta. The investment research is not intended to provide specific tailored investment advice to any subscriber and is not to be used for commercial resale.

The founder and principal contributor to the Schachter Energy Report is Josef Schachter.  He has been conducting investment research for over 40 years.  The companies covered by Josef Schachter do not pay him for publishing research, nor does he receive stock grants or options from those companies.

Josef Schachter’s research is focused on benefiting subscribers by giving them independent and objective investment research to assist subscribers in making informed investment decisions with the help of their investment advisors.

Directors and employees of Schachter Energy Research, and their immediate families, and service providers with access to company information contained in the Schachter Energy Report prior to publishing, have contractually agreed to:

  • refrain from purchasing or selling shares in any company profiled in our Coverage List until five business days after the publication of the Schachter Energy Report which discloses this company information; and
  • refrain from purchasing or selling shares of any company mentioned in an Action Alert until five business days after that Action Alert is issued by email. An Action Alert will be sent by email when any covered company reaches a Schachter Energy Report Price Target. This is to allow our subscribers first chance to act on the research contained in our report.

Directors and employees of Schachter Energy Research and their immediate families may, from time to time, have a financial or other interest in companies profiled in the Schachter Energy Report and such interests will disclosed in the applicable Schachter Energy Report. Any contractual relationship between a director or employee of Schachter Energy Research and a company profiled in the Schachter Energy Report will also be disclosed.

It is a violation of law to reproduce or distribute all or part of our reports to anyone (including but not limited to others in the same company or group) by any means, including but not limited to photocopying, printing, faxing, scanning, emailing and website posting without the prior written consent of Schachter Energy Research. 


This Privacy Policy is effective as of March 21, 2017,  and reviewed November 20, 2023 


This policy outlines the kinds of information we collect when you visit our website, use our services or purchase our products. It also explains how we use and disclose that information.

Schachter Energy Research Services Inc. (“we”, “us”, “our”), a Canadian Company based in Calgary, Alberta, operates the website (“Website”). We recognize and respect the sensitive nature of information collected through our Website and the importance of protecting it. How we collect and use your information will be in accordance with this Privacy Policy, which is intended to comply with Canada’s federal privacy laws, the Personal Information Protection and Electronic Documents Act (PIPEDA).

Consent: By providing your Personal Information through the Website, in writing or over the phone, you consent to our collection and use of your Personal Information and other information in accordance with the terms of this Privacy Policy. If you have any questions or wish to contact us about this Privacy Policy, please email us at

1. Collecting Your Personal Information

When you visit our Website, subscribe to our services or purchase products, you specifically and knowingly choose to disclose “Personal Information” which we define as your name, email address, mailing address, telephone and cell numbers, username, password, credit card information and any other information as required for us to conduct our business and provide the requested services or products.  This information is processed and stored by reputable third party e-mail and credit card processing suppliers who represents to us that their web servers are very secure.

It is your sole responsibility to update your personal information. You may access your personal information at any time by logging into your account. If you do not have an account and wish to update your information please email our Support Centre at with the updated information.

2. Collecting Automated Information

Log Data and Cookies

We, and service providers acting on our behalf, may use services such as Google Analytics to gather certain other information and store it in log files. This information includes but is not limited to internet protocol (IP) addresses, browser type and version, the pages of our Website you visit, time spent on certain pages, time and date of each visit, your internet service provider (ISP) and other such statistics. It is used for the internal purposes of improving our Website or identifying additional products or services that may be of interest to subscribers.

We also collect information contained in log files using cookies, which are pieces of data that are transferred to your computer or mobile device. We use cookies to allow authentication for access to subscriber-only areas of our Website and to assure that the content you view is appropriate to your subscription status. Cookies also allow you to leave our Website and come back without having to re-enter your username every time (within a limited time period). If you do not want to accept cookies from our Website, you may configure your web browser so that it does not accept cookies; however, certain functions available on the website may be lost.

3. Using Your Personal Information

The main reason we collect and use the information you share with us is to provide you with the specific products, information or service you requested.

We may also use such Personal Information to

  • offer additional information to you about us, our products, services or special offers
  • personalize the types of information you receive from us
  • evaluate how our website is being used and the audiences we are reaching
  • identify market trends and market interests that help us improve the products and services that we offer
  • develop and improve the content and operation of our website to better serve subscriber needs
  • contact you with questions about your subscription or service
  • remind you of your password, if necessary

If you submit an inquiry via email about one of your subscriptions, for security reasons we may ask you to provide additional Personal Information so we can verify your identity.

Although we hope you gain value from email messages we send, you can choose to opt out of receiving further email messages by following the “unsubscribe” instructions provided at the bottom of each email.

4. Sharing Your Personal Information

We will share your information with third party service providers only. Examples include payment processors, data analytic companies, e-mail delivery companies, hosting companies, customer service and companies that assist us with marketing. These third party service providers will not use the information we share with them, except to provide services on our behalf.

The only other time we may share your Personal Information is where we believe disclosure is required by law or when we, in good faith, believe that we must release the information in order to: (1) satisfy a legal order or comply with legal process; (2) defend our rights; or (3) protect the personal safety of our employees, agents, affiliates, business partners, customers, or site users.

We will never rent or sell email addresses, postal addresses or telephone contact information to any third parties. We do, however, retain the right to transfer your Personal Information in the context of the sale of all or part of our business.

5. Online Security

Although we take the security of your Personal Information very seriously and are constantly improving our efforts to protect it, no electronic communication over the Internet can be guaranteed to be 100% secured. Though we take great care to protect your personal information, we cannot guarantee the security of any information that you submit to us, and you acknowledge that you do so at your own risk.

6. Changes to Privacy Policy

From time to time, we may revise this Privacy Policy. If we make revisions that change the way we collect or use your Personal Information, those changes will be posted in this Privacy Policy and the effective date will be noted at the top of the Privacy Policy. You should review it periodically so that you are up to date on our most current policies and practices. If we make material changes to this Privacy Policy, we will notify you by placing a notice on the Website and by sending a notice to you via email to your last email address in our records.

In the event that the last email address you have provided us is not valid, or for any other reason is not capable of delivering to you the notice described above, our sending of the email containing such notice will nonetheless constitute effective notice of the changes described in the notice.

If you object to any modification, your sole recourse is to stop using the Website or to close your account.

7. Contacting Us

You may contact us regarding this Privacy Policy by contacting our Support Center at or through the “Contact Us” area of our website. 

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