Featured Exploration and Production companies.
Oil prices soared nearly 10% on news that OPEC has reached a much anticipated agreement to reduce output by 1.2M barrels per day, bringing the total daily production to 32.5M bpd. The agreement, which was announced Wednesday at 11:00am EST, is contingent on a reduction of production by 600,000 bpd from non-OPEC countries, with Russia …
In an era of shale, Petro River Oil (PTRC) is going old-school. The shale revolution has been the driving force behind America’s resurgence as a leading oil producer. However, given the costly nature of shale projects, Petro River has shunned them. Instead, the New York-based company targets conventional oil that can turn a profit no …
By Mitchell Posner It was less than three years ago when the IEA predicted that by 2020, the US would pump past Saudi Arabia to become the world’s largest oil producer, and a net exporter by 2030. Today, it seems farfetched. Let’s consider what happened and what it says about the future. The IEA isn’t …
PETRO RIVER OIL CORP 3PTRC Description This is a small, illiquid international exploration upstream E&P company. It is also a deep value investment with asymmetric upside potential and a company with proportionately lots of cash to deploy into a depressed market in a counter cyclical strategy. Its worth touching on some of my past failed …
New York, New York – May 4, 2016. Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”) is pleased to announce that it has completed its acquisition of Horizon I Investments, LLC (“Horizon Investments”) in an all-stock transaction. As previously disclosed, as a result of the closing, Petro River acquired $5.0 million in cash …
API crude oil stocks The API (American Petroleum Institute) is scheduled to release its weekly crude oil inventory report on Tuesday, May 3, 2016. The API reported that US crude oil inventory fell by 1.1 MMbbls (million barrels) between April 15, 2016, and April 22, 2016. The API added that Cushing crude oil inventories rose …
Summary Petro River Oil Corp. is focused on lower-risk conventional drilling in Osage County, Oklahoma, that does not require costly horizontal drilling or hydraulic fracturing techniques. The company is building a portfolio of assets that can withstand swings in commodity prices and generate returns regardless of the current macro environment. Its 20% ownership in Horizon …
A young, opportunistic E&P is now on the radar of industry experts. Today, Seeking Alpha published a post by prestigious energy watchers Oil & Gas 360. The topic? Petro River (OTCPK: PTRC). Unlike legacy companies held back by debt, lower oil prices and unconventional drilling, Petro River carries no such baggage. What it does have …
When other major players in the oil-and-gas industry zigged, Scot Cohen zagged. Unconventional drilling, such as fracking across shale plays, has become the popular route for most energy explorers in recent years. Cohen, however, did the opposite: the New York-based investor has put his money into straight conventional drilling using 3D-seismic geology. The decision was …
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), …