Field news and more

“Price Is What You Pay, Value is What You Get”

Rick Rule, President and CEO of Sprott U.S. Holdings Inc and well-known natural resource securities investor, sat down with Tekoa Da Silva to talk about some investing rules and and his two favorite investing books, “The Intelligent Investor” and “Securities Analysis.” Mr. Rule actually calls “The Intelligent Investor” the book that changed his life and his career path. Mr. Rule addresses all things investing in this share-worthy interview, as well as how he applies investing to both the financial markets and his everyday life. Check out the video below:  …

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The rise continues – markets tighten

Oil prices made another gain, going on four consecutive months now, with Brent crude oil pricing breaking $60.00 for the first time since 2015. The gains are caused by a variety of factors, but the recent main driver is talks from Russia’s Putin and Saudi’s Crown Prince Mohammed, who have both made statements supporting another extension of production cuts through the end of 2018.  Prices of oil shot up with Brent at $60 and WTI close to $55, as global inventories are falling, bringing back worries of possible undersupply problems.…

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ERC Equipoise Oil Price Review Report – 2017 Q4

ERC Equipoise has released their quarterly ERCE Oil Price Review for Q4 2017 and TAG Oil is happy to have been granted permission to share it with our followers. ERC gives an in-depth view to understand the trends and fundamentals of oil prices through a variety of different outlets such as SEC, petroleum consultants, oil analysts and their own expertise and analysis. This review focuses on oil prices powering through the 50s as the markets move into backwardation, which indicates: A tightening market Money managers turning bullish and increasing their…

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TAG CEO to attend the 121 Oil & Gas Investment conference

TAG Oil CEO, Toby Pierce will be heading to London’s financial district this week, to attend the 121 Oil & Gas Investment conference. The two-day conference connects oil and gas companies with leading energy funds and oil and gas financiers in a series of one-on-one meetings.  Aside from the pre-arranged meetings, the  conference includes investor insight panels, analyst market updates and CEO spotlight presentations. 121 Group (which stands for 1:1) is well-regarded for the events they hold in London, Hong Kong, Cape Town and New York. Since 2014, they’ve connected…

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“Future Shock. The year is 2021 and Oil is at $150.”

What an eye-grabbing title for an article that Dusgyant Choudhary recently wrote. The article is written with a date of April 1, 2021, and it shows Brent Crude hitting $150.00 per barrel.  With oil having a hard time hitting $60 present day, it’s not hard to imagine the world being in shock at the outlook of $150.00. The factors he discussed leading to a huge rise in oil prices include: Lack of investment in exploration End of easy money and rise in interest rates Saudi Aramco IPO Continued growth in…

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The yuan catches on, while the dollar grows smaller

Could the world really start trading oil in yuan? It could be a possibility if China can coerce Saudi Arabia to be the first. Chief economist and managing director at High Frequency Economics, Carl Weinberg, believes that: “Beijing stands to become the most dominant global player in oil demand since China usurped the U.S. as the ‘biggest oil importer on the planet.’” Weinberg continues that Saudi Arabia has to, “pay attention to this because even as much as one or two years from now, Chinese demand will dwarf U.S. demand.”…

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Towards a more stable oil market

Paris-based International Energy Agency (IEA) released its monthly oil market report on Thursday. The report stated global supply and demand for crude oil will be balanced three out of the four quarters in 2018, assuming OPEC production and normal weather conditions remain in place. OPEC compliance for its output restrictions of 1.2 million bpd currently sits at 86 percent for the year.  This output crunch is supposed to remain until March next year, and with its partners Russia, Oman and Kazakhstan, should total 1.8 million bpd.  Let’s also not forget…

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Global oil demand still on the rise

Oil touches most things that we use in our daily life: phone, computer, traditional cars, even electric cars (parts), and basically anything made through industrial means.  The world uses approximately 98 million barrels of oil per day, and with developing countries such as China, India and Africa growing economically, the IEA predicts demand will be at roughly 102 million barrels a day through 2040. What are the big drivers to this increase in demand? According to BP Energy Outlook, China’s demand is expected to grow by 63% by 2035 mostly…

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One giant game of Survivor

Eric Nuttall, Senior Portfolio Manager at Sprott Energy Fund released Sprott’s August Commentary, giving TAG Oil and our readers his thoughts on the energy investment world, which he calls, “one giant game of Survivor.” Although institutional ownership is at its lowest level on record at 6.5%, and the general bearish nature of things seems to be pointing towards an immense global glut, to his mind, data without a layer of negative spin is showing the opposite. In fact, it’s showing a fast tightening oil market.  The tightening market can be…

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TAG Oil promotes science

Once again, TAG Oil is sponsoring the Taranaki Primary Schools Science Fair, which was held September 28 and 29 in New Plymouth. Our operations manager, Tim Gray, was chosen to be one of the judges for the fair. This year, students were asked to show how they think energy could be created in the future by way of creating a model and presentation that demonstrates production of efficient, safe energy sources for the future population. Congratulation to all the kids who participated. Enjoy the pictures below and be sure to…

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