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


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 www.schachterenergyreport.ca 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.


We take the privacy of your Personal and Payment Information very seriously. Any Personal Information that you provide us (name, email address, phone numbers, mailing address and such) is processed and stored by a third party e-mail supplier who represents to us that their web servers are secure.

Your Payment Information (credit card information) is securely processed by our transaction partners, PayPal and STRIPE.

You acknowledge and agree that this agreement constitutes prior written notice to you of, and your consent to, the collection and use of your Personal and Payment Information as described. For more information please click here to see our Privacy Policy.

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 basis and are set to renew automatically. This allows us to ensure uninterrupted delivery and access to your Newsletter, and Interim Updates, Action Alerts and Webinar Recordings if you have Black Gold Service.

You may cancel the automatic billing feature by cancelling your subscription in your account profile. Your subscription will change from ACTIVE status to PENDING CANCELLATION. You will not be 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, upgrade, switch or reactivate your subscription as you wish.

If you have forgotten your username or password click here to recover them and login to make your purchase to avoid making duplicate accounts. We will send you a reminder before your subscription is about to expire. If you do not cancel your subscription, you will be automatically renewed at your expiration 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 change your subscription status to PENDING CANCELLATION  in your account section if you do not intend to renew your subscription.

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 Schachter Energy Report is an investment research publication focused on the Canadian Energy Sector and published by 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 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 of 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.


The information, recommendations, Interim 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 support@schachterenergyreport.ca or through the “Contact Us” area of our website.