Time & new names to watch for (someday?).
Given the recent sentiment, commodity price movements and general global economic engines, etc. there's probably still lots of time to do further research. If anyone is keeping a list for possibly the next cyclical kick at the cat here's part of something that was recently in the Financial Post. Thanks to sofaspud for forwarding the link. The last part of the article is pasted below and does list some interesting names -- most are currently private. Some of the situations might be worth watching for if/when public appearance happens.......
nationalpost.com
<<snip and partial paste>>
THE NEW JUNIOR CLASS:
The oil and gas industry cycle is back in startup phase, but the ranks of new enterprises are thinner than in past junior growth spurts. But there has never been such a large number of "A-teams" starting new companies, said George Gosbee, of Tristone Capital Advisors LLC, an investment firm that matches junior companies with private investors.
- Clayton Woytas, former chief executive of Renaissance Energy Ltd., teamed up with former Renaissance executives Jeff Lebbard and Peter Kurceba to form Profico Energy Management Ltd., a private oil and gas company.
- Sheldon Steeves, former president of Renaissance Energy Ltd., has started Viking Oil and Gas Ltd., a private oil and gas firm.
- Craig Stewart and his management team at Poco Petroleums Ltd. have regrouped at Meota Resources Corp., a public oil and gas company.
- David Reid, former chief executive of Renata Resources Inc. and Tony Angelidis, also from Renata, are running DT Energy Ltd., a private oil and gas company.
- Gordon Stollery, former chief executive of Morrison Petroleums Ltd., is leading High Pine Oil & Gas Ltd., a private oil and gas company.
- Fred Woods, former president of Ulster Petroleums Ltd., is leading Midnight Oil and Gas Ltd., a private oil and gas company.
- Larry Macdonald, former president of Anderson Exploration Ltd., is leading Pointe West Energy Inc., a private oil and gas company, after selling Westpoint Energy Inc.
- Bob Lamond, Tony Teare and Don Clark regrouped at Diaz Resources Ltd., a public oil and gas producer, after building Orbit Oil and Gas Ltd. and Czar Resources Ltd.
- Uldis Upitis, former chief executive of Newport Petroleum Corp., has started Sentra Resources Corp., a private oil and gas company.
- Paul Wanklyn, former president of Tidal Resources Inc., has started Tempo Exploration Inc., a private oil and gas company.
- Jeff Tonken, former chief executive of Big Bear Exploration Ltd. and Stampeder Exploration Ltd., is now chief executive of Case Resources Inc., a junior public company.
- Doug Kay, former chief executive of Cabre Exploration Ltd., formed Segue Energy Corp., a private oil and gas firm.
- Russell Tripp, former chief executive of TriGas Exploration Inc., is now at Crossfield Gas Corp., a private oil and gas company.
- Paul Colborne, former chief executive of Startech Energy Inc., is now with Impact Energy Inc., a public oil and gas firm.
- Robert Zakresky, former chief executive of Bellator Exploration Inc., is at Viracocha Energy Inc., a private oil and gas company.
- Scott Dawson, former chief executive of Tier One Energy Corp., is at Tempest Energy Corp., a junior public company.
- Mike Rose, former chief executive of Berkley Petroleum Corp., and some associates, are on the verge of launching a new private oil and gas company.
- John Wright and Bruce Chernoff, formerly with Pacalta Resources Ltd., are building Petrobank Energy and Resources Ltd., a public oil and gas company. ****Old info. Merger of Petrobank and Ventus VTU-tse announced July 11 and the result will be a newco. which should have a production base of about 10,000 barrels per day of oil & ngl, 35 Mmcf/d gas. Shares o/s look to be somewhere around 31.7mil with another 2mil voting pfd. shares. Net debt will likely be around $140mil. Deal value for Ventus merger appears to be about $444.4mil. which includes about $122.6 mil. of net debt that Ventus has. ****** R.S.
- Matthew Brister and Stew Clark, formerly of Pinnacle Resources, started Storm Energy Inc., a public oil and gas firm.
- Ken Mullen, former chief executive of Plains Energy Services Ltd., formed Savannah Energy Services Corp., a private oil services company.
- Laurie Smith, former chief executive of Petromet Resources Ltd., has formed Raven Energy Ltd., a private oil and gas company.
- David Monachello, former senior vice president of Paramount Resources Ltd., is the chief executive of Stylus Exploration Inc., a private firm.
- Michael Wuetherick, Mark Birchard and Paul Neave, formerly with Rio Alto Exploration Ltd. are at Capture Energy Ltd., a private oil and gas company.
Sources: Peters & Co., Tristone Capital Advisors LLC, Griffiths McBurney & Partners
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There are also a couple of other names.
KEC-tse Kick Energy which is staffed by some of the ex-Post Energy folks that were bought out by Grant Fagerheim's KCH-tse Ketch Energy tse.com
Possibly one other situation to watch for (I own shares) is KNN.a Kensington Energy Ltd. ABYSMAL is probably a decent adjective to describe history-to-date. The news release late last Thursday would seem to indicate some changes are in the process of happening. Two of the new folks were most recently associated with Petromet which was taken out at $13.20 cash per share by TLM-tse Talisman. According to some mgmt. circulars the Grenville Shoch individual owned just over 2.8mil PNT shares including 170K held by his wife. The director's circular also indicated that Schoch held 300,000 PNT options. Here's a link to recent KNN.a news fin-info.com
If you've made it this far here's one last ugly link. The picture could probably be titled "Mammas Don't Let Your Babies Grow Up To Be Gas Traders" or maybe if the guy was an east coast fisherman it'd be more appropriate to say "hey buddy, got a spare hook?".
uglypeople.com
Happy hunting and summer to all. |
