Field news and more

The head, not the heart, should rule your investing

The stock market can tricky, and you always want to invest with facts rather than with emotions. Easier said than done though—we’re all human after all. If you needed added incentive to leave emotions out of it, according to Science magazine, during financial stress, people lose 13% of their IQ, which leads to poor decision-making.…

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Seismic shoot in Australia goes 3D

The TAG Oil team already sees lots of drilling possibilities in our new Australian permit on vintage seismic. But we’ll soon be taking advantage of modern exploration technology on oil and gas lease PL17. We know there’s oil in the area, because PL17 is located a mere 20 km from the conventional Moonie Oil Field,…

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Sorry Charlie, not all tuna is created equal

I had an interesting listen to an oil and gas analyst recently, who compared buying oil stocks in down cycles to buying canned tuna on sale. “If you see canned tuna on sale you stock up, so when oil stocks are on sale, you should be stocking up.” Interesting analogy, but the question is: is…

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To debt, or not to debt, that is the question

Will Harmon of Simply Wall Street recently wrote an article on TAG Oil titled “Is TAG Oil Ltd (TSX:TAO) As Financially Strong As Zero-Debt On Its Balance Sheet Indicates?” The article focuses on how, up until now, TAG Oil has kept its balance sheet free of any debt.  Harmon, a stock market veteran, describes some…

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Analysts are bullish on oil

Analysts are bullish on oil according to a Wall Street Journal survey of 15 investment banks. The latest monthly survey has analysts predicting Brent oil will average $56 per barrel in 2017, and WTI $55, both up a dollar from the previous month’s survey. This is the first increase in this estimate in five months,…

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Russia may fill Cuba’s oil quota

Russia has recently signaled that it could replace Venezuela as Cuba’s main oil supplier. This speculation comes after Russian VP for Economic development, Alexei Gruzev, stated by letter that, “In our opinion, the successful completion of the negotiations on supplies of Russian hydrocarbons to Cuba will not only promote an increase in trade turnover, but also have a positive socio-political and…

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Q&A with TAG Oil CEO Toby Pierce

We sat down to talk with TAG CEO Toby Pierce about the new Australian oil and gas permit that TAG just acquired, the timeline for development, and what else is new around the organization.  Talk about today’s announcement that TAG has closed the purchase of Petroleum Lease 17 in the Surat Basin of Australia. CEO Toby…

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Investing mistakes not to repeat in 2017

Investors are always on the hunt for tips, tricks and advice on how to increase the value of their portfolios and up their stock market knowledge. The markets were a roller coaster ride in 2016: some won, some lost, and many held strong. With the new year in full swing, investors have new opportunities, and…

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Iranian Output Grows

Since Western sanctions against Iran were lifted though a year ago, Tehran has been increasing its crude oil production. They’ll soon hit pre-sanction levels; for fiscal year end March 20, 2017, Iran’s crude oil and condensate revenues are estimated to reach US $41 billion. Although OPEC is cutting production, OPEC member Iran was exempt from…

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