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Finance

  • These Gold Numbers Are About To Hit A 15-Year High

    Things have changed a lot in the gold market--in a very short period of time.And news this week suggests that further structural changes are coming to the market. The kind we haven't seen in over 15 years.Specifically when it comes to gold hedging. The practice of forward-selling bullion in order to lock in a fixed price.With gold rising over a good part of the last decade, investors wanted as much exposure as possible to prices. With buyers betting that prices would continue to rise--generating increasing profits for companies that produce bullion.Related: Here's A New Update in India's Gold SagaThat led…

  • Are More Troubles Coming For This Critical Gold Center?

    Very significant news emerging this week for the gold market.From one of the biggest consuming nations on the planet.That’s India. Where reports from local press suggest that the government may once again tighten restrictions on gold imports into the country.Related: Mick Davis has now almost $5 billion to build new mining empireOfficials are reportedly looking at re-instating the so-called “80:20 rule” on imports. Under which importers of gold were required to re-export 20% of the supply they brought in from abroad.The 80:20 rule was formally relaxed last May after being in force for a year. A move that has allowed…

  • Sky Is The Limit For New Utah Oil Sands Tech

    Utah is home to more than half of America’s known oil sands, but getting it out of the ground requires an unusual twist in the technology flow: This time we’re bringing Canadian expertise to the US. Until only a few years ago, largely brought to mind Alberta, Canada, but the US is experiencing its own oil sands boom across a massive swathe of land covering Utah, Wyoming and Colorado. The land that makes up this Green River Formation may hold some 3 trillion barrels of recoverable oil, and Utah is the heart of this waking beast, with estimated in-place tar…

  • The Evolution of Blackbird Energy: The Building of Montney Player

    In today’s capitally restricted oil and gas environment, it is a difficult task to assemble the right resource and team to attract the attention of the market. Blackbird Energy Inc. (CVE:BBI) has done what many have failed to do over the past several years – graduate out of the perpetually difficult micro-cap arena- and get investors listening with its stock climbing over 400% since last year. This increase in share price has been as a result of Blackbird obtaining a $37.4 million equity financing and last week announcing a high impact multi-well drill program targeting both the Upper and Middle…

  • Majors Turn Their Attention To The Rocky Mountains Again

    One of North America’s older, more mature plays, the Rocky Mountain’s Piceance Basin doesn’t get the same media attention as the newcomers, but there is a beast under the boulders here—and a flurry of game-changing drilling—that will render this liquids-rich haven a major rival.What has really got everyone’s attention here is that the Piceance Basin is prospective for the high-value oil liquids that are coming out of the deeper Niobrara and Mancos shales in this same area—unconventional sand/shale sequences that lie at depths down to 13,000 feet.Much like the sleeping giant of the mature Permian Basin in Texas, where horizontal…

  • They're Desperate For Natgas Here--and Raising Prices

    Sometimes a ho-hum resource destination can go to a superstar overnight.Often driven by changes in local prices.That may be the case in one of the world’s important petroleum production regimes: Egypt.Reports emerged last week from Reuters, suggesting that the Egyptian government is considering raising prices for natural gas. The stated goal being to spur more exploration for the commodity.Related: How will Libya’s ongoing crisis affect MENA region?The move here is driven by need. The country recently reported that its August natgas exports were down more than 86%, as compared to the year-ago period.The reason is a combination of falling domestic…

  • This Copper Major is Staking a New District

    One of the biggest trends going in mining has been less exploration.Especially from major firms, who are cutting costs in the face of lower metals prices.But news this week suggests at least one major miner is taking an interesting departure. And increasing exploration activity--in an unexpected place.The company is Rio Tinto. Which announced it has commenced a new exploration program for copper in northeastern Namibia.Related: Mick Davis has now almost $5 billion to build new mining empireThis represents Rio's first work for copper in the West African nation. Showing that the company isn't afraid to try new ideas--even as most…

  • Does This $1.5 Billion Shale Purchase Signal A Change?

    The shine has come off the North American natural gas export story lately.A year ago, most observers in this market were buzzing about the possibilities for sending cheap natgas abroad, in the form of liquefied natural gas (LNG). With projections running high about the amount of gas that could be sold from places like the U.S. Gulf Coast and the west coast of Canada.But LNG prices in key consuming nations like Japan and Korea have since fallen back to their lowest since the Fukushima incident. And LNG developers in Canada particularly have said they are starting to get cold feet…

  • Here's Another Sign Uranium Prices Are Too Low

    The recent rally in uranium prices appears to have stalled. With spot rates for uranium oxide taking their first drop last week since June--down $1 per pound to $35.50.That ends a run that had seen the metal rise from as low as $28 over the summer. Leaving prices still at very low levels compared to rates seen over the last 10 years.And that's having a notable effect on production across the uranium mining industry, judging from a key announcement last week from one of the biggest firms in the space.Related: New Nuclear Fuel Rod Could Increase Output Of Existing PlantsThe…

  • These Closed-Door Discussions Will Change Global Natgas

    Critical talks got underway last week, in one of the most important areas on the planet for natural gas development.British Columbia, Canada.The province has been the epicentre of a lot of planning recently for mega-projects in liquefied natural gas (LNG). With the big driver here being the ease of shipping natgas from Canada's west coast to key markets in Asia.But up until now project plans here have remained purely theoretical. With no developer yet taking a final investment decision on the billions in capex required to build an LNG terminal and associated infrastructure.And the big reason is taxes.Related: How do…