BP continues to throw money down wind farm and other green energy "rabbit holes." Its oil and gas reserves are declining and will continue to do so. The company's primary source of revenue at present. They have no firm dates for showing a profit in green energy nor any roadmap as to how this will happen. We think there are better opportunities in the E&P space. WE RATE BP A SELL AT CURRENT PRICES (primal scream). Introduction I haven't followed BP$BP PLC(BP)$ (NYSE:BP) closely for a while, as I didn't consider them investable. A couple of years ago I became concerned they were losing mission focus-making money, in search of green energy virtue signaling, and lacked commitment in returning capital to their shareholders. I am running an investment-h

IntroductionEverything is on the energy side of the stock supermarket sale these days. You could almost throw a dart at a list of energy stocks and come away with a winner. Hold your horses, and take your finger off that "unfollow" button...Isaid, "almost." The downdraft in producers I sort of get in the face of oil and gas price declines. The same for the OFS companies. But, the fact the toll-taking midstream sector is down 20-30% suggests that factors other than the business fundamentals are in play. In this article we will look at one factor in particular that may be sending investors scurrying for cover. It's a new era and debt is a four-letter word.Enbridge Inc. (NYSE:ENB) is a solid dividend payer with a strong track record of paying a fairly stable highyielding dividend-through good

SummaryImperial Oil is a large diversified Canadian heavy oil producer.The valuations are attractive but we rate it a hold at present prices.A dip toward $40 USD would put it in the buy zone.All prices in CAD unless noted.PhototreatIntroductionImperial Oil (NYSE:IMO) is a Canadian heavy oil producer with upstream and downstream operations. Demand for the low gravity oil it produces has boosted revenues and profits over the last couple of years. Recently there has been weakness across the board in oil names, thanks to a 25% pull back in WTI and Brent has had the same effect on IMO, and this presents an opportunity to buy this company at a discounted valuation.Price chart for IMO (Seeking Alpha)It also is taking steps toward entering the low carbon fuels business with alarge investmentn

The era of easy, low-priced energy has come to an end. Production trends from key oil producing areas are not positive. We are and have been bullish on oil and gas stocks and think the rally is still in its early phase. Oil oriented ETFs such as the USO and BNO may be avenues for participating in any gains made in crude prices. IntroductionThe last couple of weeks of September were a rough period in the energy market if you were long oil or related equities. That's probably the understatement of the year. Nearly every negative sentiment-recession, Fed tightening, dollar strength, Chinademand, inventory builds, or what amounts to the entire oil priceCloset of Anxieties, came to pass during this period. Oil-WTI took a tumble below $80 for the first time since Jan 11th of this year, closing F

 In this article, we discuss TETRA Technologies' Q3 2022 earnings report. We also dig into the weeds on their lithium extraction and water desalination businesses. We are maintaining a buy on Tetra Technologies below $4.00 and reiterating a target of $8.00 as the industry gains steam in 2023. IntroductionTETRA Technologies, Inc.$Tetra(TTI)$ disappointed the market with its Q3 2022 earnings release. The market didn't take it kindly and took the company down a peg. A big peg, as in like 18.22% in a single day. Wow. The market is a bit of a nervous nellie, and when the conference call began, TTI stock began to sink like a stone, cracking $4.00 before rebounding a bit.In this article, we will identify the key areas that led to the selloff and

Occidental Petroleum is gaining from investor interest following news of Buffett's FERC approval to increase his stake to 50%. We don't think Occidental Petroleum will stop there and detail reasons why in this article. Occidental Petroleum remains attractive for new investors at current levels for continued gains from a reversal of the oil price weakness and a potential future Buffett bid to take them private. IntroductionI hope you can read one more article about Occidental Petroleum Corporation$Occidental(OXY)$. I will understand if you can't, they've been coming fast and furious. How about if I promise not to waste your time. I think Ihave some takes on this deal that you haven't seen before. I hope you will keep reading!Occidental Petroleum has be

We think Energy Transfer LP is underpriced relative to competitors and valuation. The company is taking steps toward a significant LNG position in Lake Charles that will drive EBITDA higher, should it come to fruition. We think Energy Transfer is attractive at current levels. IntroductionIt's hard to believe it has been a year since we last covered Energy Transfer LP$Energy Transfer LP(ET)$. It's one of the most searched tickers on this platform, with a 140K followers, and generates anywhere from 15-30 mostly favorable articles a month. What it hasn't done is increase in price much over the last year, although the entire major midstream sector, Enterprise Products Partners (EPD), and Enbridge (ENB) have underperformed as well.I called ET a bargain i

 Southwestern Energy has suffered from aggressive hedging in 2022. This, combined with weakness in commodities, has taken the stock down 30% from recent highs. We think that there is value in the company, and SWN shares could return to higher levels. We suggest a little patience as the gas markets consolidate before going higher later this year. Investors with a modest risk tolerance may find SWN attractive at slight lower prices than are available today. IntroductionSouthwestern Energy Company$Southwestern(SWN)$, a Marcellus and Haynesville natural gas and NGL producer, is a company we have meant to cover previously, but just never got around to doing. As you can see from the price chart, we are a little late to the game. Oops!The company ralli

HighPeak is experiencing rapid growth, taking advantage of current prices to ramp production higher. The company is forecasting operational cash flow as high as $1.5 bn by 2024. We rate HPK as a buy at current levels for growth and eventual shareholder capital returns. IntroductionHighPeak Energy$Highpeak Energy Acquisition Corp(HPK)$ has a contrarian philosophy to many of its start-up peers. Where many junior and senior operators haverolled out a capital restraint mentality that allows only for single-digit growth, HPK has turned that model on its head. They are punching holes in the West Texas prairie like the "Spindletoppian Wildcatters" of old. You don't often get a growth story as clear cut as the one for HighPeak. Here are the details.&n

SummaryTalos Energy has declined over the past year in line with oil and gas prices.The company's EV/EBITDA and P/FB put the company squarely in the bargain category.Long-term, we'd like to own this company and think present pricing presents a good opportunity for risk tolerant investors.We rate Talos a Buy.CHBD/E+ via Getty ImagesOh man, buy? Don't buy. It's so confusing.IntroductionTalos Energy (NYSE:TALO) has been hit hard by the downturn in the market, with TALO stock declining from a peak of $19.36 at the time of our last article, to the Monday's $11.90 per share. It popped higher with the rest of the market in Tuesday, perhaps in anticipation of calming commentary coming from the Fed meeting on Wednesday, and seems to be dithering as the market sorts itself out. The actual comme

Shell is pursuing development of several large scale green hydrogen plants. Although they are experienced with big projects, there are pitfalls that could keep them from being profitable. We look at other key aspects of the company for an investment thesis at current prices. We conclude that Shell is underpriced relative to competitors, and the impact from green energy misadventures are far enough in the future that company still in investable. We think investors looking for growth and modest income should put Shell on their list at current prices. IntroductionShell plc$SHELL PLC(RYDAF)$ $SHELL PLC(SHEL.UK)$ has been getting a lot of BUY ratings in Seeking Alpha articles 

PrairieSky Royalty Ltd. makes money from leasing drilling rights and from a royalty on production. We think the company will report weaker results in Q-3, measured against Q-2. This could create a slightly better entry point from present levels. We rate PrairieSky Royalty a hold at present levels.  IntroductionPrairieSky Royalty Ltd. $Prairiesky Royalty Ltd.(PREKF)$  is a Canadian landowner that leases the rights to drill and produce subsurface minerals - oil and gas mostly - to operating companies. It derives revenues from leasing the right to drill and then receives royalty payments based on production. It is the largest landowner in the country, with mineral rights to over 18.5 mm acres across the Western Canada Sedimentary Basin ("W

DNY59/E+ via Getty ImagesIntroductionThe CGX Energy Inc. (OTCPK:CGXEF) saga is a couple of years old now. This will be the third time we've covered it. The company is interesting becauseof the concessions they have in Guyana for offshore drilling and the development of a deep water port at the mouth of the Berbice river. CGX price chart(Seeking Alpha)In this article, we will catch up with CGX and document the progress of the past year. We will also acknowledge the importance of the company's largest shareholder and banker, Fronterra Energy, (OTCPK:FECCF), the deep pockets of which, make all of this possible. The two companies fortunes are inextricably related, although it should be noted that Fronterra has a real business in other sectors of Latin America. This was discussed extensive

IntroductionFlotek Industries (NYSE:FTK) made some pretty abrupt changes after the first of the year. Seasoned oilfield exec, CEO John Gibson was summarily shown the door in mid-January just after a "Fireside" chat (that no longer appears on their site), to "pursue other professional interests." CEO's don't often disappear so unceremoniously. The pace of the exit fires the imagination as to the actual causes, but we have no details, so that's as far as we can go.Flotek price chart(Seeking Alpha)In the past, I've been increasingly critical of FTK. With good reason. They seemed directionless and were burning cash, and engaged in double-speak about how sanitizers would become a viable business for them. That outlook changed last year and we noted it in ourlast article, where the company got a