Unconventional Wisdom: Building a Conventional Oil Company in an Era of Shale

Petro River Oil is Participating in a Portfolio of Conventional Assets in Oklahoma and California in 2016, with a Northern Ireland Exploration Test on Tap for Q2 When Scot Cohen founded Iroquois Capital Opportunity Fund, the seasoned portfolio manager kept an eye open for contrarian opportunities. These days Cohen is focused on Petro River Oil Corp. (ticker: PTRC; Petro Riveroil.com), …

A Crude Oil Rally Above $40 A Barrel Is Unsustainable As The U.S. Economy Falters

Summary A crude oil rally above the $40 per barrel level is unsustainable in light of decelerating U.S. and global economic growth. Crude prices previously showed a direct correlation with the 10Y/2Y yield spread, but began to decouple on speculation of an OPEC deal. Unless crude prices stay decoupled from the yield spread, the price …

Petro River Oil Corp. to Acquire a 13.75% Working Interest in Oil and Gas Leases located in southern Kern County, California

Petro River Oil Corp. to Acquire a 13.75% Working Interest in Oil and Gas Leases located in southern Kern County, California NEW YORK, NY, March 9, 2016– Petro River Oil Corp.  (OTCBB: PTRC) (“Petro River” or the "Company"), today announced that it closed its Asset Purchase and Sale and Exploration Agreement to acquire a 13.75% working interest in …

US oil erases gains, closes at $32.78 a barrel

U.S. crude closed lower in choppy trade, but still recorded weekly gains, as supply disruptions in Iraq and Nigeria provided supported. Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks. The disruptions should offset recent increases to …

U.S. Stocks Climb as Beaten-Down Banks, Retailer Shares Rally

U.S. stocks rose, with the Standard & Poor’s 500 Index posting the best two-day gain in more than five months, despite weakness in oil prices as beaten-down banks, technology and retailer shares led an advance. Citigroup Inc. and U.S. Bancorp climbed more than up 2.7 percent. Retailers, one of last week’s bright spots, added to …

Oil settles at lowest level in 3 weeks

Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. Oil prices rallied early, up for the first time in five days, on talk that major producers might try to tackle a …