Tag Archives: BMO

Business, Finance, Occupation & Industry

Eco-Trade Corporation Provides Analyst Insights into Bakken Oil Formation and Comments on Its Oil Pr

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By Business Wirevia The Motley Fool

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Eco-Trade Corporation Provides Analyst Insights into Bakken Oil Formation and Comments on Its Oil Prospect in Montana

GREAT FALLS, Mont.–(BUSINESS WIRE)– Eco-Trade Corp. (OTCQB: BOPT), an independent oil and gas exploration Company, today provided insights on its property with the Bakken now being one of the largest sources of crude production in the USA and being considered to be a game changer in achieving American energy independence.

According to an article on CNBC, Fadel Gheit, an energy analyst at Oppenheimer, noted, “With U.S. crude oil hovering above $90, drilling in Bakken is like printing money. Capital is coming from all around the world, even Europe and Asia. It has single-handedly changed the outlook for oil production.” Gheit also called Bakken’s crude “one of the purest oil plays because it is comprised of 90 percent oil and 10 percent natural gas. Better technology and capital investment will only ramp that up.”

“The outlook for Bakken crude production over the next few years is promising, and many of the government reserve estimates could be understating the potential of Bakken and some of its surrounding formations,” Platts Energy news said. And a recent article on SeekingAlpha.com noted that Barron’s financial magazine reported that a Citigroup strategist said the exploration and production subsector of the energy sector looks “strong” due to favorable valuation factors. Also, in late March 2013, an article on Morningstar said that the energy sector remains “materially” undervalued.

According to BMO capital Markets, “While the play is still emerging, the Alberta Bakken appears to be developing into a potential new unconventional tight oil resource play.”

On Monday, Crude oil for May delivery gained 66 cents, or 0.7%, to settle at $93.36 a barrel on the New York Mercantile Exchange. The contract had touched an intraday high of $93.75.

Eco-Trade Corp. noted the following about its prospect:

1. It is located in the prime thermal maturity zone, where Vitrinite Reflectance (Ro) is between 0.7% and 1.5%. This is where oil generation in the Bakken is at its highest level.

2. Major oil companies are aggressively purchasing mineral leases and drilling in the Bakken Fairway including Rosetta Resources, which has drilled over 6 exploratory wells and confirms “significant oil hydrocarbons in place, 13-15 MMBOE per section, and over-pressured reservoirs.”

3. The prospect area is easily accessible, serviced by many highways and nearby towns, and the land itself is largely gentle rolling hills.

4. Drilling depth for …read more

Source: FULL ARTICLE at DailyFinance

News, Politics, Government

As The Cookie Crumbles, Is Armageddon Coming For Online Advertising?

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By Robert Hof, Contributor

Everything in today’s online ad world turns on data, and that puts the ad tech companies in a key position as advertising continues to get disrupted by the Internet. “It’s the fuel you put in the engine,” says Dan Salmon, an analyst with BMO. …read more

Source: FULL ARTICLE at Forbes Latest

Business, Finance, Occupation & Industry

Eco-Trade Corp. (BOPT) Reports That Property is in Emerging Montana Section of Alberta Bakken Fairwa

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By Business Wirevia The Motley Fool

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Eco-Trade Corp. (BOPT) Reports That Property is in Emerging Montana Section of Alberta Bakken Fairway with Neighbors in General Vicinity Including Rosetta Resources, Primary Petroleum, Stone Energy and FX Energy, Inc.

According to BMO capital Markets, “While the play is still emerging, the Alberta Bakken appears to be developing into a potential new unconventional tight oil resource play”

GREAT FALLS, Mont.–(BUSINESS WIRE)– Eco-Trade Corp. (OTCQB: BOPT), an independent oil and gas exploration Company, today comments with reports that its neighbors in general vicinity include Rosetta Resources, Primary Petroleum, Stone Energy and FX Energy, Inc.

The advent of the Alberta Bakken Fairway creates another opportunity for Bakken production outside of the boundaries of the Williston Basin. The Bakken Fairway was first discovered and drilled in Alberta, Canada, but now extends deep into northwest Montana into Lewis & Clark County where it is bordered by the Rocky Mountain Thrust Zone on the west and the Sweetgrass Arch to the west.

Major oil companies have now made the early move into the Bakken Fairway of northwest Montana and activity is accelerating rapidly. Rosetta Resources (NAS: ROSE) , Newfield, and Primary Petroleum (PIE.V) are the largest and most active to date. Other companies in the general vicinity include Stone Energy (NYSE:SGY ), Anschutz Exploration Corp., Quicksilver Resources Inc. NYSE: KWK, Fairways Offshore Exploration Inc., Arkanova Energy Corp. (AKVA:OTC US), FX Energy, Inc. (NAS: FXEN) and American Eagle Energy Inc. (AMZG: OTCBB).

Rosetta reportedly has a new discovery well with an IP of 450 BOPD north of the prospect area, and Primary Petroleum completed a Bakken well just west of the prospect area. Rosetta’s initial discovery well in 2009, the Gunsight 31-16V, found oil saturation in the Lodgepole, Bakken, Three Forks and Nisku. To date, Rosetta has drilled 6 exploratory wells and confirms “significant oil hydrocarbons in place, 13-15 MMBOE per section, and over-pressured reservoirs.”

According to BMO capital Markets, “While the play is still emerging, the Alberta Bakken appears to be developing into a potential new unconventional tight oil resource play.”

A company spokesperson noted, “Given our location to strong and insulated markets situated in areas of pro-industry regulation and minimal environmental opposition, we have developed assets that have the potential of being very valuable to our shareholders. There are numerous competing pipeline companies and end-users providing us with an active market for our petroleum products in an industry that continues to grow to meet worldwide demand.”

…read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

An Easy Way to Zero In on the Growing Large- and Mid-Cap Markets

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By Selena Maranjian, The Motley Fool

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Exchange-traded funds offer a convenient way to invest in sectors or niches that interest you. If you’d like to add some sizable companies to your portfolio, the Guggenheim Russell 1000 Equal Weight ETF could save you a lot of trouble. Instead of trying to figure out which companies will perform best, you can use this ETF to invest in lots of them simultaneously. It weights its holdings equally, instead of by market cap, as many indexes do.

The basics
ETFs often sport lower expense ratios than their mutual fund cousins. The Guggenheim ETF‘s expense ratio — its annual fee — is a relatively low 0.42%. The fund is fairly small, too, so if you’re thinking of buying, beware of possibly large spreads between its bid and ask prices. Consider using a limit order if you want to buy in.

This ETF is too young to have a sufficient track record to assess. As with most investments, of course, we can’t expect outstanding performances in every quarter or year. Investors with conviction need to wait for their holdings to deliver.

Why large companies?
Large companies can add some ballast to your collection. Many may not grow as briskly as their smaller counterparts, but to reach their current size, they probably have some strong assets and features. And some can grow quite briskly, too. This ETF focuses on ones that seem undervalued according to some measures, which can boost the overall margin of safety for the basket.

More than a handful of large- and mid-cap companies had solid performances over the past year. Walgreen surged 41%, finally moving on from its now-resolved snit with pharmacy benefits manager Express Scripts. Its pharmacy volume is picking up, and it has invested heavily in international growth, via a purchase of Europe-based Alliance Boots. It has also entered into a promising alliance with U.S. drug wholesaler AmerisourceBergen.

Tyson Foods gained 25%, recently hitting a 52-week high despite margin compression due to rising prices. It also may be affected by Washington’s sequester, which is furloughing USDA meat inspectors, which can slow down business — though Tyson isn’t too worried about that. Management is bullish for its longer-term prospects, and Tyson’s forward P/E ratio of 9 is intriguing.

Other companies didn’t do as well last year but could see their fortunes change in the coming years. Food giant Archer Daniels Midland gained 5%, but some analysts, such as those at BMO Capital Markets, see it as a bit overvalued now; BMO cut its rating to market perform. The company recently raised its dividend by 9%, and it now yields 2.3%. In February, it posted strong second-quarter results, despite weak corn processing numbers.

A market darling not so long ago, Green Mountain Coffee Roasters added 3%. Investors have been worried about the patent expiration for its K-Cups, but the company has continued signing big …read more
Source: FULL ARTICLE at DailyFinance