Monday, February 3, 2025
Cushing oil storage tanks -oilandgas360

RBC Examines 3 Paths to Oil Rebalance

U.S. crude oil stocks at this point in 2017 have dropped below the record highs of 2016. But inventories are still high. So in the face of predicted increasing oil production from shale in 2017, rebalancing inventories will be difficult, if it is even possible. However, a rebalance is still plausible according to an RBC Capital Markets report that identified

Tamarack Valley Energy Reports Positive Earnings Following Transformational Acquisition

Tamarack Valley reports production growth and earnings of $2.3 million in the first quarter Calgary-based Tamarack Valley Energy (ticker: TVE) announced its first quarter results Monday reporting more production along with earnings of $2.3 million following its combination with Spur Resources in January. The acquisition increased the company’s oil-weighted production, causing funds flow netback per BOE to increase by 5%