Field news and more

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 the tuna “chunk” or is it “flake”? Sorry to say, but there is a lot of flake out there, especially when it comes to small cap investing. So buy smart and make sure you’re getting…

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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 of the positives and negatives of having zero debt: On the one hand, he feels that adding debt to our capital structure at low interest rates would improve capital returns and receive higher valuations. On…

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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, showing that the sentiment on oil is changing – for the better.  Standard Chartered, a UK multinational bank, was the most bullish, forecasting oil to rise to the high $60s in 2017. What’s holding the…

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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 humanitarian effect on the Russian-Cuban relations.” Venezuela has been Cuba’s main supplier of crude since 1999, but in the wake of that country’s economic problems, Cuban President Raul Castro has looked to Russia to supply a…

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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 Pierce: PL 17 is an oil and gas production permit that covers 25,700 acres in one of Australia’s first producing basins on the eastern edge of the country. It’s in a light-oil discovery trend, on…

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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 experts have weighed in with eight mistakes that investors made last year to avoid going forward. Don’t…. Bet against banks Let emotions mess with your timing Get too feverish on health care Get gutted by…

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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 the deal, and they’ve been allowed to increase production to pre-sanction levels of 4 million bpd.  On top of increasing their production the National Oil Company issued a list of 29 companies that have qualified…

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Promoting an active and healthy community

One of our favorite things to do as a company is contribute to the community.  For the third year TAG was happy to sponsor the annual TAG Oil Tough Kid events run by Sport Taranaki.  TAG Tough Kid provides a fun event for children to help establish healthy and active habits. Consisting of a 1.5 km obstacle course, the children first navigate it individually within their age groups, and then they complete it for a second time in teams of four. Tough Kids is open to all children from provincial…

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Helping investors read between the lines

Special Report. You’ve seen these words on our website and in TAG Oil social media, but why should you care?  First, although sponsored by TAG Oil, the report titled The 7 Key Factors Driving Small-Cap Oil and Gas Valuations, was independently written by a well-respected energy analyst.  Second, it gives you, as an investor, stronger insight into the characteristics to look for when deciding what small-cap oil and gas to add to your portfolio. Our only request of author Jamal Orazbayeva was to give investors her analyst’s perspective on the…

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Proactive Investors talks TAG

TAG Oil was recently cited in a Proactive Investors’ article written by equities reporter Giles Gwinnett. TAG (TSX:TAO, OTCQX: TAOIF), along with two domestic companies and another international oil and gas company, were selected as companies with similar strengths that should allow a prosperous 2017.  Quoted from the article, the reasons include: “…strong balance sheets to weather weaker commodities prices and take advantage of acquisition opportunities… strong production growth potential and low cost structures which could amplify returns in a rising commodity prices environment… highly undervalued with the potential for…

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