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Major Oil And Gas Basins: Viking Formation

Written by a bulge bracket oil & gas investment banker Overview of the Viking Formation The Viking formation is a popular Lower Cretaceous play located in the eastern portion of the Western Canadian Sedimentary Basin and it spans across eastern and central Alberta and western Saskatchewan. According to the National Energy Board

Oil and Gas Investment Banking: Spreading E&P Peer Comparables

Written by an oil and gas analyst in a Bulge Bracket investment bank Metrics & Multiples Analysis: Oil and Gas Metrics and multiples are a key dimension of valuation within Investment Banking and Equity Research (and corporate banking). Each metric/multiple tells a different story about the current state of the business. Analysts

Major Oil and Gas Basins: Montney

Written by a bulge bracket oil & gas investment banker An Introduction to the Montney Overview of the Montney Formation The Montney Formation is widely regarded as one of the largest and most attractive premier plays in the world. The play is divided between British Columbia and Alberta and spans across northeast British

Chinese Energy Companies in Canada

PetroChina Canada PetroChina Canada opened its doors in 2010 as Dover Operating Corporation, a joint venture between PetroChina and Athabasca Oil Corporation. Dover was focused on two oilsands operations in the region of Fort McMurray, Alberta. After amalgamating with Phoenix Energy Holdings, the company now holds a portfolio of six assets in

Oil and Gas Reserves and Resources

Kazakhstan, home of the Tengiz Field

Oil reserves represent current and future value that can be quantified and compared among companies. However, while the absolute quantity of oil or oil equivalent tells a story, the more important figure is the Net Present Value (NPV) of the oil (which must be sensitized to different assumed long-term oil prices)

Major Oil & Gas Basins: Duvernay Formation

Our energy industry primer can be found here, our exploration & production primer can be found here. Duvernay: Introduction The Duvernay is one of North America’s most attractive liquids-rich plays, often drawing comparisons to the Eagle Ford.  Located in the Western Canadian Sedimentary Basin, the formation roughly covers 20% of Alberta. According to

Analyzing Oil Sands Stocks


The oil supply-demand paradigm is always changing, and this year has been no different with OPEC struggling to justify continued production cuts as any rise in oil price has resulted in widespread hedging by US shale oil producers - who can lock in profits for production in the next year while

Macroeconomic Drivers of the Price of Oil: Supply

With oil prices having a large effect on the Canadian dollar and GDP growth, it is important for investors and financial professionals to understand the macroeconomic variables and geopolitical actions that can influence the oil price. However, everything can be boiled down to something that affects 1) demand; 2) supply;