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A bold statement

“What more can possibly be said to convince investors that the turn is real and that the fundamentals for oil in the short, medium, and long term are overwhelmingly bullish???”  A bold statement straight out of the Ninepoint Partners’ Energy Strategy, April 2018, written by senior Portfolio Manager, Eric Nuttall. In the past three years of the Ninepoint Energy Commentary, they’ve made oil price projections and have hit them —other than one that undershot. Now Eric Nuttal and crew are calling for a multi year, bull oil market, from $80…

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Higher prices and lower costs

Something has shifted for oil companies: they suddenly have extra money to spend, which is quite a turn of events from the oil price slump days. Investment bank Morgan Stanley is stating the March quarter from five global oil majors—Shell, Chevron, ConocoPhillips, BP and Exxon—will be the highest since the first quarter of 2011, equaling $17 billion in free cash for an annualized total of $68 billion. Oil industry optimism was brought on by Brent Oil’s recent rise to between $70 and $80 US per barrel. The big question now…

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$85 by July?

Oil prices are at 3 1/2 year highs (finally!), but is that it or is there more gas in the tank? It seems popular energy analyst and Pulitzer Prize-winning author, Dan Yergin, thinks oil prices are going to rise even higher, and very quickly. Yergin, vice chairman of IHS Markit, told CNBC, “We could see oil prices in July when demand is high … several dollars higher than it is. We could see it as high as $85 at least for a short period of time.” The reasons for Yergin’s…

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What unexpected import boom is helping the recent surge in oil prices?

Both OPEC and IEA expected China to slow down their oil demand growth, but instead, they’ve ramped it up. In fact, last year, China surpassed the U.S. to become the world’s largest oil importer, and 2018 is continuing the trend. In previous years, China never exceeded imports of more than 37 million tons in a single month. But 2018 has broken that mold. China exceeded that amount in every month but February, and in April, their imports hit 39.46 million metric tons. If you compare that to a year earlier,…

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Continued outreach sharing the TAG Oil story

TAG Oil recently spent three days in Arizona for the annual Capital Event Conference’s Scottsdale conference, marking another successful marketing event for the Company. Representing TAG for the second year in a row were Toby Pierce, CEO, and Chris Beltgens, VP Business Development. The conference provided an opportunity for TAG to catch up with investors that the company met with last year, as well as having 18 one-on-one meetings with potential new investors. Capital Event Conferences are one of the leading events bringing small cap companies together for one-on-one meetings…

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ERC Equipoise Oil Price Review Reports – 2018 Q2

We’re pleased to announce the Q2 2018 ERCE Oil Price Review is now available. This quarterly report, which ERC Equipoise has allowed TAG Oil to share with its investors, provides oil market fundamentals and trends, as well as a look into oil price assumptions presented by ERCE and other petroleum consultants, analysts and agencies. In addition to some of the global macro indicators influencing oil trends and oil and gas prices, some report highlights include: Brent Oil hitting $70 bbl for the first time since late 2014 Short positions on…

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Key oil trends 2017

Following up on our last post of 2017 natural gas trends, here are highlights from the IEA’s Key Oil Trends of 2017. Oil Production: Led by the Organisation for Economic Co-operation and Development (OECD) Americas, OECD annual oil production increased by 2.6% in 2017.  More than half of the production was from the United States, while production lessened in both OECD Asia Oceania and Europe.    Refinery Output: An increase of 1.2% was seen in refinery gross output.  The ratio of refinery gross output to net deliveries to the domestic market remained…

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Natural gas trends of 2017

The International Energy Agency (IEA) recently put out a report of the key natural gas trends of 2017. Some highlights are recapped below. Natural Gas Production: Production in OECD (Organisation for Economic Co-operation and Development) countries grew 2.4%. While OECD Americas continued to account for nearly three-quarters of all OECD production, and moderate growth was seen in all regions, OECD Asia Oceania experienced a 17.7% increase, fueled in part by Australia’s 20.5% production increase. .Australia’s Surat-Bowen Basin, where TAG Oil’s PL17 is located, was one of the main areas of…

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Oil prices poised to rise…

We keep hearing it. Oil prices are rising.  Or the most recent article we’ve run across: “Oil Prices Poised to Rise as Cycle Comes to an End,” posted by Oil Price. As we all know, oil has always been very cyclical.  But the down cycle has outlasted the average down cycle, which historically runs no more than two years. Writer Dan Steffans has worked in the industry for more than 20 years, and he has a few thoughts on what he has seen. As taken directly from his article: Oil…

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