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 …

What Are the Key ETFs When Crude Oil Rallies?

Between April 2011 and February 2012, the SPDR Oil & Gas Exploration & Production ETF (XOP) returned 45.8%. The iShares Global Energy (IXC) returned 29.5% and the Energy Select Sector SPDR ETF (XLE) returned 31.4%. During the same period, the United States Oil (USO)—the crude oil tracking ETF—returned 40% compared to XOP’s 45%. These energy …

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 …

Petro River Oil Provides Corporate Update

Petro River Oil Corp. Provides Corporate Update NEW YORK, NY, February 9, 2016– Petro River Oil Corp.  (OTCBB: PTRC) (“Petro River” or the “Company”), is pleased to provide an update on our ongoing corporate activities, as well as the development plans for our core acreage in Osage County and our interest in several projects accessible through our pending …

Petro River Oil Corp. to Acquire a 9% Interest in Petroleum Licenses Located in the Larne Basin in Northern Ireland

Petro River Oil Corp. to Acquire a 9% Interest in Petroleum Licenses Located in the Larne Basin in Northern Ireland NEW YORK, NY, January 19, 2016– Petro River Oil Corp.  (OTCBB: PTRC) (“Petro River” or the “Company”), today announced that Petro River UK Limited, its wholly owned subsidiary, entered into a Farmout Agreement to acquire a 9% interest …

Overseas Stakes – Statoil buys stake in Lundin Petroleum

Statoil (NYSE:STO) has increased its exposure to its home market by buying a big stake in Lundin Petroleum (OTCPK:LNDNY), boosting its presence in the Johan Sverdrup field, Norway’s biggest offshore project in decades. The Norwegian state-controlled oil major bought 11.9% in the Swedish company for SEK4.6B ($539M) making the acquisition Statoil’s first big deal since …

Stephen R. Brunner Interview – PTRC Micro Cap E&P Company

We are pleased to announce a new audio interview with Stephen R. Brunner, President of Petro River Oil Corp. OTCPink: PTRC Mr. Brunner has over 30 years of experience in domestic and international operations in the exploration and production industry as well as extensive public company management experience. Since 2008, Mr. Brunner has served as …

EXCLUSIVE: Lucas Energy CEO Dishes On Next Steps After New Deal Pushes Stock Up 300%

Lucas Energy, Inc. LEI 8.49% shares had a huge finish to last week — up more than 300 percent on Thursday — after the company unveiled a purchase agreement to acquire underdeveloped land from 21 different entities, including two large blocks in the “liquids-rich” Mid-Continent region. Investors cheered the development as a sign the company …

Why Is Lucas Oil Getting Traction When PTRC Has Better Assets?

LEI is an interesting buy, but it makes sense to look at another company, Petro River Oil, with a similar cash structure (4 million shares outstanding), but far better liquidity ($23.5m) and assets that even the majors like Chevron and Hess would own. The D drops next week and they’ve applied for uplifting. If a …