• 6 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Why hydrogen economics is does not work
  • 2 hours The EU Loses The Principles On Which It Was Built
  • 1 hour Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 2 hours Starvation, horror in Venezuela
  • 11 hours Crude Price going to $62.50
  • 5 mins Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 1 day Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 7 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 38 mins Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 20 hours Chinese EV Startup Nio Files for $1.8 billion IPO
  • 1 day Oil prices---Tug of War: Sanctions vs. Trade War
  • 1 day Correlation does not equal causation, but they do tend to tango on occasion
  • 1 day Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 1 day Monsanto hit by $289 Million for cancerous weedkiller
Alt Text

A Major Setback Looms For Colorado Shale

November elections in Colorado are…

Alt Text

U.S. Oil Production Isn’t Growing As Fast As Expected

U.S. crude oil production continues…

Alt Text

The U.S. Oil Production “Mirage”

The weekly figures from the…

James Stafford

James Stafford

James Stafford is the Editor of Oilprice.com

More Info

Trending Discussions

Kurdistan: Our Pick for the Next Big Buy Out

You might not have heard of Oryx (OXC), so if we’re treading on virgin territory here, we’ve got a good reason for doing so.

Earlier this month, Oryx—the upstream division of AOG, offered up 17% of its shares (16,700,000 common shares) on the Toronto Stock Exchange for C$15 per share) with gross proceeds of $250 million. The proceeds will allow Oryx to complete its exploration and appraisal plans through mid-next year, and they expect some serious results over the next 12 months.

The interesting part is who is behind Oryx … Swiss billionaire Jean Claude Gandur, who made his grand entrance onto the oil and gas scene in 2008 with the sale of Addax Petroleum to China’s Sinopec for $7.2 billion. Since then, he’s been out of the fossil fuels game—so Oryx is his re-entry ticket. Gandur owns 77% of Oryx through AOG.

Oryx is exploring in west Africa and Iraqi Kurdistan, and it’s this latter that we have a particular penchant for. It’s also this in which Gandur will excel as a pioneer of power brokering. And Kurdistan is a venue in which gatekeepers and power brokers will make or break you. Gandur makes his rounds like a world-class diplomat, so we like the potential for success here.

Oryx isn’t making any money yet, but it will, and that’s why we think now is the time to get in on this. It could very easily go the way of Addax, which was making about $300 million annually in net income when…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News