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TDG Gold

Consolidating Permitted, Precious Metals Projects in the Americas
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This TDG Gold Corp profile is part of a paid investor education campaign.*

Overview

Investors often talk about the Golden Triangle and the immensely attractive discovery upside contained in British Columbia. However, flocking to one region for precious and base metal mining overlooks some of the world’s most up-and-coming districts across the Americas, which some argue have the potential to mimic the successes of these more prolific mining districts.

With the real possibility of a post-pandemic surge in world silver demand, investing in precious metals players with access to projects in mining-friendly jurisdictions like British Columbia, Chile, and various regions throughout the Americas is a sensible play. Early investment in these projects could mean exceptional investment upside and exposure across an array of the most profitable resources, including silver, gold, copper and more.

TDG Gold Corp. (TSXV:TDG) is an emerging player in the precious metals mining space and an emerging consolidator of permitted, silver-focused, precious metals projects in the Americas. With an impressive acquisition track record, including three past-producing gold-silver mines along the Toodoggone Production Corridor in British Columbia and plans to rapidly expand into Chile, the company presents investors with exceptional exposure to the growing silver mining market through deep-value silver project opportunities.

The company recently announced it has entered into a non-binding Letter Of Intent (LOI) with Kingsgate Consolidated Limited (ASX:KCN) to acquire the company’s Nueva Esperanza advanced silver-gold exploration and development project in the Maricunga Belt, Chile. This LOI advances TDG Gold’s plans to grow beyond its current portfolio with the constant evaluation of new potential acquisitions in silver and gold.

The deep-value Nueva Esperanza is a permitted, advanced exploration stage, silver-rich precious metals project. With a NI-43-101 mineral resource estimate already under its belt, the company is primed for outstanding development and silver-gold discovery across the area.

The company also has over 23,000 hectares of brownfield and greenfield exploration potential through strategic ownership and earn-in agreements. Its Shasta project sits in close proximity to TDG’s other highly prospective high-grade gold-silver projects, including Baker, Mets, Bot and Oxide Peak properties — all located along the Toodoggone Production Corridor.

The Toodoggone Production Corridor possesses rolling hill structural characteristics, arguably making the region a much easier mining district than the more well-known Golden Triangle based on topography alone. TDG Gold currently has three past-producing mines in the Toodoggone–an area that is ripe for consolidation with numerous neighbouring resource companies hosting multi-million ounce deposits.

The Shasta project is a near-term production asset that hosts excellent infrastructure, bulk tonnage potential mineralization and road access. The company has already announced a target initial resource for the project of between 0.9 and 1.47 million ounces of gold equivalent for the first half of 2022.

Additionally, the adjacent Baker property boasts similar advantages but will require considerable exploration to gauge the true potential of such a large footprint.

TDG Gold is currently fully funded, with approximately $6.5 million in the treasury, for the current exploration plans, which include a 3,000 to 4,000-metre drill program at Shasta in 2021.  The company recently announced a further $4M private placement to expand the program at Shasta and the prospective Baker property.

The next steps for the company include rapidly advancing the permitted near-term production opportunities within the portfolio while continuing to evaluate additional acquisition targets that align with the company’s focus on permitted silver dominant precious metals assets in the Americas. Nueva Esperanza presents TDG with especially advantageous possibilities for project optimization with a Feasibility study targeted for 2022 and production as early as 2024. In combination with TDG Gold’s flagship projects in British Columbia, the company is well on its way to becoming a major consolidator of advanced stage silver-gold assets across the Americas.

TDG Gold’s Company Highlights

  • TDG Gold is an emerging consolidator of permitted, silver-focused, precious metals projects in the Americas. The company currently operates in the highly prospectiveToodoggone Production Corridor in north-central British Columbia and the vibrant mining-friendly district of Maricunga, Chile.
  • The company continues to actively consolidate silver-focused, deep-value opportunities through exploration, development and acquisition of permitted advanced exploration-stage projects, such as their recent acquisition of the Nueva Esperanza project in Chile.
  • TDG has over 23,000 hectares of brownfield and greenfield exploration opportunities across its five mining projects: Shasta, Baker, Mets, Bot and Oxide Peak in the Toodoggone in North Central British Columbia.
  • The Shasta property has a resource target of 0.9 to 1.47 million ounce gold equivalent which it expects to publish in half one, 2022
  • The highly prospective Baker project sits adjacent to Shasta and boasts high-grade gold and silver mineralization potential and excellent road accessibility, valuation and exploration upside.
  • The Toodoggone is ripe for consolidation and TDG’s Baker and Shasta projects represent significant strategic importance in any roll-up strategy, due to their critical infrastructure, including expandable 200 tonne per day mill, tailings facility and only road access through the district.
  • Next steps for the company include near-term project development and acquisition of silver-focused assets across the Americas and extensive exploration of the Shasta and Baker properties, plus the advancement of Shasta and Nueva Esperanza toward production as early as 2024

TDG Gold’s Key Projects

Nueva Esperanza Project

Nueva Esperanza is located in the Maricunga Belt, Chile and is an advanced-stage silver-gold project that further bolsters TDG Gold’s extensive portfolio of high-value projects.

The company recently announced an initial 43-101 mineral resource of 14.44 million tonnes containing 54.3 million ounces silver equivalent at an average grade of 117 grams per tonne Indicated and 17.06 Mt containing 52.7 million ounce silver equivalent at an average grade of 96 g/t Inferred

The project was granted an Environmental Impact Assessment approval in July 2020, paving the way for pre-development and construction. With a NI 43-101 mineral resource estimate already established, TDG remains excited to continue developing this highly prospective silver mining opportunity.

Shasta Project

The Baker-Shasta property covers just over 6,000 hectares and includes the past-producing high-grade gold-silver Baker mine and Shasta mine. The strategically positioned past-producing mines leverage excellent road accessibility, existing infrastructure and are located approximately  430 kilometers from Prince George, British Columbia. TDG completed the acquisition of this asset and inclusive Toodoggone project portfolio from Talisker Resources Ltd. (TSE:TSK) in December 2020.

The revitalized Shasta asset hosts incredible mineralization with a targeted 0.9 to 1.47 million ounce gold equivalent resource across valuable brownfield and greenfield exploration opportunities. A robust exploration program at Shasta is underway to confirm the resource target by the first half of 2022, while the highly prospective Baker project has further potential to see significant discoveries across its epithermal multiphase quartz-carbonate stockwork vein/breccia deposit structure.

The main Creek pit and JM zone remain the largest areas of interest for the company. Data currently points to expansive mineralization potential open to the south and north ends with bulk tonnage possibilities. TDG intends to explore Shasta in 2021 with a proposed 3,000 to 4,000-meter exploratory drilling campaign and resource estimation in 2022.

Baker Project

The Baker project sits adjacent to TDG’s flagship Shasta property and presents excellent exploration upside with brownfield and greenfield exploration opportunities, existing infrastructure road accessibility and 25,000 meters of historic drilling under its belt.

Main targets on the property include the “A’ and “B” Vein deposits and Black Gossan target, which have all seen considerable exploration between the early 1980s and late 1990s and production of 41,281 ounces of gold and 765,565 ounces of silver. The sporadic exploration history poses exciting discovery potential for widespread high-grade silver and gold mineralization across five main veins in six defined zones. Its unique milky quartz veins currently stand as the principal host to economic mineralization.

The quartz vein system has been traced for a strike length of 435 meters with attractive branching into individual veins for potential footprint expansion. As a highly prospective secondary project to Shasta, TDG remains excited to explore this asset and its tremendous exploration upside.

TDG Gold’s Management Team

Dr. Fletcher Morgan — CEO & Director

Dr. Fletcher Morgan is the founder of Elemental Capital Partners LLP, a boutique exempt Market dealer and corporate advisory firm exclusively focused on mining and metals. Dr. Morgan is a qualified management consultant who has functioned in the capacity of interim CEO, EVP and advisor for several junior companies; including listing and capital raising.

Dan O’Brien — CPA, CA, CFO

Dan O’Brien is an experienced CFO of mineral exploration companies trading on the TSX and TSX Venture stock exchanges. He is a current member of the Chartered Professional Accountants of British Columbia having obtained his CA designation in 2006. O’Brien previously spent eight years with Davidson & Company LLP Chartered Professional Accountants where he specialized in the audit of public companies in the mining and resource sector.

Andy Randell — Interim VP Exploration (SGDS Hive)

Andy Randell has over 15 years of experience working across BC, Yukon and South America on a variety of precious and base metal deposits. He runs the geological consulting firm SGDS Hive, and has previously held the position of VPEx with Strikepoint Gold and chief geologist for Ryan Gold Corp. He also serves on several research and advocacy Boards including AME and taught Mining Law and Indigenous Relations courses at BCIT.

Christy Smith — VP Sustainability

Christy is a highly skilled and accomplished professional with 20+ years of proven expertise in initiating strategic discussions with communities of interest groups resulting in the reduction of risk to project timelines. She specializes in working within the consultation requirements for permitting and Environmental Assessment processes and is recognized for her professional and personal understanding of non-traditional/traditional Aboriginal culture.

Andrew G. French — Chair & Director

Andrew is a Geologist and Senior Mining Fund Analyst with 26 years of international mining resource fund experience, prior to which he was an exploration geologist for 10 years, having worked in Canada, UK and South Africa.

Terry Harbort — Director

CEO, President & Director of Talisker Resources Ltd. Terry has a PhD in Structural Geology and Tectonics. He is a recognised senior member of the discovery team of AngloGold Ashanti’s La Colosa and Gramalote deposits and former Chief Geoscientist, Barkerville Gold Mines Ltd

Evandra Nakano — Director

Evandra is the founder, President, CEO and Director of Infield Minerals Corp., advancing its high-grade gold-silver exploration projects in Nevada. She was also co-founder and former CEO and CFO of Kismet Resources Corp., which amalgamated with TDG Gold in 2020. She has a strong background in geology and was a key member of B2Gold’s technical team from 2010 to 2014.

Matt Filgate — Director

Matt is Regional Project Geologist for Talisker Resources Ltd. with a focus on business development, project evaluation and exploration execution across multiple projects in southern BC. He was instrumental in the redefinition of the Barkerville Gold Camp which resulted in the discovery of >4 million Au oz.

John-Paul Dau — Director

JP was a co-founder of Angkor Gold Corp. – a TSX.V listed Project Generator which acquired and developed numerous assets in Asia. He brings an extensive background in project management, business development, and fundraising

Stephen Quin — Transaction & Technical Advisor

Stephen is a graduate of the Royal School of Mines, London, with a B.Sc. in Mining Geology, a Professional Geoscientist in BC and has 40 years’ experience in all facets of the mining industry from exploration to operations, as well as capital markets. He is the former CEO and President of Midas Gold, former President and COO of Capstone Mining, was President & CEO of Sherwood Copper and Executive Vice President of Miramar Mining Corp. and Northern Orion Explorations. He currently serves as a non-exec director of Chalice Mining Limited and Kutcho Copper Corp.

Jim Zadra — Financial Advisor

Jim served as CFO of Great Panther Mining Limited from 2012 to 2021 where he contributed to significant growth in production profile and geographic expansion through acquisitions and expansion of operations. He is a CPA CA, has an MBA from Queen’s University and B. Comm from the University of British Columbia. He started his career with Deloitte, worked as an analyst with Canaccord and held other CFO and senior financial leadership roles with various technology companies.

Rodrigo Morel — Technical Advisor

Rodrigo is the former national director of exploration for Codelco – a Chilean state-owned copper mining company. He has over 40 years of experience both in exploration and mine geology, and has worked for different mining and exploration, international and national, senior and junior companies, both as staff or as a consultant including Codelco, BHP Billiton, Anglogold and Barrick.

Adrian King — Technical Advisor

Adrian was the head of Chilean & Argentinian exploration for Teck Resources Limited before becoming Teck’s Head of Global Exploration in 2016. His roles have covered projects at all stages from generative through to evaluations, commercial and resource-reserve definitions. Adrian has authored and co-authored several scientific papers and has been a team member of multiple discoveries.


*Disclaimer: This profile is sponsored by TDG Gold Corp. (TSXV:TDG). This profile provides information that was sourced by the Investing News Network (INN) and approved by TDG Gold Corp., in order to help investors learn more about the company. TDG Gold Corp. is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with TDG Gold Corp. and seek advice from a qualified investment advisor.

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Stock Market News For Today September 22, 2021

Investors await Fed’s monetary policy update and new economic projections in the stock market today.
The post Stock Market News For Today September 22, 2021 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket…

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Stock Market Futures Edge Higher As Evergrande Bankruptcy Fears Ease

Stock market futures are on the rise early on Wednesday morning. This came after China’s Evergrande said it would make its interest payment on schedule, offering some relief to the jittery markets. Some investors are also expecting the Chinese government to step in to mitigate potential spillover effects that could weigh on global economic recovery. For example, the short-term cash injection from China’s central bank has helped soothe the nerves of the stock market. While there has been speculation that this could be China’s ‘Lehman moment’, many experts believe the comparison is unjustified.

There’s been a fair bit of concern about the possibility of contagion,” analysts at New York-based Bespoke wrote in a research note on Tuesday. “But so far that concern isn’t showing up in parts of the credit markets that have served well as red flags for broader credit crunches in the past.

Investors are also awaiting an update to the Fed’s monetary policy and economic projections. Jerome Powell is expected to speak to the media at 2.30 p.m. ET today. Investors could expect the Fed to lay the groundwork for a near-term announcement and when the tapering would take place. Recall that Powell previously said it could begin as soon as this year. But some investors are now speculating that it won’t happen this soon. As of 6:45 a.m. ET, the Dow, S&P 500, and Nasdaq are up by 0.64%, 0.58%, and 0.34% respectively.

[Read More] What Stocks To Buy Today? 5 Tech Stocks To Watch

Marin Software (MRIN) Stock Surges On New Google Agreement 

Marin Software (NASDAQ: MRIN) stock is spiking higher in pre-market trading today. This came after the announcement that the company entered into a revenue share agreement with Alphabet (NASDAQ: GOOGL) to develop its enterprise tech platform and software products. The revenue share agreement will take effect on October 1. For some context, the company provides marketing software to advertising agencies. Its MarinOne product is an e-commerce advertising platform, and its Marin Search is for managing advertising campaigns.

top tech stocks (MRIN stock)

Last month, the company revealed that its system is now integrated into Criteo’s Commerce Media Platform. Essentially, that opens up the option of wider use of the company’s MarinOne platform.

Chris Lien, CEO of Marin Software, is also highly optimistic about the news. In his own words, “Commerce media is one of the most exciting and fastest-growing areas of digital marketing. With this integration, we can tap into Criteo’s commerce data and intelligence to further our mission of providing advertisers with seamless access to customers across their customer journey, from the top of the funnel to the point of purchase.

[Read More] Best Lithium Battery Stocks To Buy Now? 4 To Know

Adobe (ADBE) Stock Falls As Recurring Revenue Barely Top Estimates

Adobe’s (NASDAQ: ADBE) fiscal third-quarter earnings and sales beat expectations, but the results weren’t enough to lift ADBE stock in the extended trading. From its quarterly report, revenue came in 22% higher year-over-year to $3.94 billion. In fact, it was a quarterly sales record for Adobe, topping Wall Street’s consensus estimate of $3.89 billion, according to FactSet. 

top software stocks to buy (ADBE stock)

On top of that, Chief Executive Officer Shantanu Narayen also pitched new creative software tools to continue Adobe’s steady 20% revenue growth. As part of that effort, Adobe said last month it would acquire Frame.io, a startup that makes video collaboration software, for $1.3 billion. By and large, the current tailwinds behind Adobe’s core offerings persist along with the pandemic. With all this in mind, the real question is whether or not Adobe can maintain its current momentum.

On Monday, Wells Fargo (NYSE: WFC) reiterated its Overweight rating on ADBE stock ahead of its earnings call. The firm even hailed Adobe as “one of the crown jewels of software”, citing solid core positioning and industry tailwinds as major growth factors. Wells Fargo recommends Adobe “as a long-term core holding in any large-cap tech portfolio“. Last week, the company also announced a partnership with PayPal (NASDAQ: PYPL). This partnership aims to add more payment services to its e-commerce platform. Thus, merchants will be able to accept credit cards and other ways of paying. Considering all these, would the current dip in ADBE stock present an opportunity for bargain hunters?

[Read More] Top Stocks To Buy Now? 4 Renewable Energy Stocks For Your Watchlist

BlackBerry Set To Report Earnings After The Stock Market Closes Today

Gone were the days when BlackBerry (NYSE: BB) tops the global smartphone market. But that doesn’t keep investors away from investing in this well-respected software security company. The company is set to report its earnings after the stock market closes today. Naturally, a lot of the attention will be on BlackBerry stock today. Many investors and analysts are highly bullish on the company’s untapped potential in the cybersecurity space. If you have been following Reddit’s chatter, you would also know that’s a meme stock that gets speculated on by investors.

communication stocks to buy now (BB stock)

The company provides intelligent security software and services to enterprises and governments around the world. As you may be aware, Microsoft (NASDAQ: MSFT) participated in a meeting at the White House last month regarding the need to address cybersecurity threats as a country. With BlackBerry as a partner, a lot of focus will be on BB stock moving forward. 

Other positive catalysts include the increased proliferation of BlackBerry’s systems in China’s automotive space. On August 26, the company announced that Chinese carmaker Great Wall Motors would use an advanced digital cockpit controller platform developed by BlackBerry and its partner Nobo. If anything, it shows that BlackBerry and its partner continue to be making progress in the huge Chinese auto market. With all that in mind, is BB stock a buy ahead of its earnings report?

Other Notable Earnings On Tap Today

Not to mention, several other major companies are looking to report their earnings today. For those looking to jump on some pre-market earnings action, we have General Mills (NYSE: GIS) and Gaotu Techedu (NYSE: GOTU) on tap.

Alternatively, in case you are keener on earnings after the closing bell, there is a good mix of names to consider as well. Namely, Blackberry, KB Home (NYSE: KBH), and H.B. Fuller (NYSE: FUL) among others would be in focus. Whether you are anticipating the Fed’s announcement or keeping up with earnings, one thing remains. There is no shortage of exciting news to note in the stock market now.

The post Stock Market News For Today September 22, 2021 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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The Market is Deeply Oversold And Looking For A “Dovish” Fed

As we will discuss, the market is deeply oversold and looking for a "dovish" Fed to spark buying. Traders and investors will be laser-focused on the Fed meeting adjourning at 2 pm ET. Of importance, the decision on taper and their characterization of…

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As we will discuss, the market is deeply oversold and looking for a “dovish” Fed to spark buying. Traders and investors will be laser-focused on the Fed meeting adjourning at 2 pm ET. Of importance, the decision on taper and their characterization of the economic recovery and inflation. If they do elect to announce a taper schedule, the pace of tapering and any caveats that may delay tapering will be of utmost importance.

Like yesterday markets are opening up a half to one percent higher. Will they hold onto the gains, unlike yesterday? The answer likely lies with the Fed at 2 pm.

What To Watch Today

Economy

  • 7:00 a.m. ET: MBA Mortgage Applications, week ended September 17 (0.3% during prior week)
  • 10:00 a.m. ET: Existing home sales, month-over-month, August (-1.7% expected, 2.0% in July)
  • 2:00 p.m. ET: FOMC policy decision

Earnings

Pre-market

  • 7:00 a.m. ET: General Mills (GIS) is expected to report adjusted earnings of 89 cents per share on revenue of $4.30 billion

Post-market

  •  4:10 p.m. ET: KB Home (KBH) is expected to report adjusted earnings of $1.62 per share on revenue of $1.57 billion
  • 5:05 p.m. ET: BlackBerry (BB) is expected to report adjusted losses of 7 cents per share on revenue of $166.80 million

Politics

Market Deeply Oversold – Looking For Some “Dovish” Tones

The rolling correction over the last 3-weeks has pushed the market into deeply oversold conditions on a short-term basis. Such provides plenty of “fuel” for a decent rally over the next month or two given some news to spark buying. Today, the Fed could do the trick with Jerome Powell delivering his post-FOMC press conference with a “dovish” tone. With Congress battling over the debt ceiling, the Treasury running out of money, and the risk of a Government “Shutdown” looming, the Fed has all it needs to provide plenty of “caveats” to its “taper” plans.

Fear Greed Index Near Lows

Another reason for near-term bullish optimism, is that both the AAII bullish allocation and the “Fear/Greed” index are near their respective lows. Combined with the oversold market conditions, such typically provides a buying catalyst as traders reposition themselves in equity risk.

Trading Game Plan for the S&P 500

The markets are trading well in overnight trading following yesterday’s flat-trading day. The bounce provides us with another set of levels, in addition to the 50, 100, and 200-dmas, to guide our trading. The graph below shows the Fibonacci retracements from the recent high to low. If this rally proves to be a bull trap, it is likely to give up between the 38% retracement (4395) and the 62% retracement (4451). There is also a gap between 4400 and 4430.

It is common for such gaps to fill and then reverse direction. If the market surges higher through the gap and retracement levels, the outlook becomes more bullish. A rally above the 4451 retracement level and well through the 50dma (4436) will likely lead to new highs. Conversely, the 50 dma (4436) may prove to be resistance. The first line of support is yesterday’s lows and the 100dma (4328). A break of the recent low leaves a target of 4106, the 200dma.

Follow Up to Monday Market Mayhem

Easy Lending Standards

Employment and inflation tend to get the headlines as far as rationales for the Fed to take action. As we consider what the Fed may do tomorrow, we should also consider lending standards. The graph below shows the lending standards for large banks’ credit card customers are as easy as they have been in 20 years. On its own, very easy lending standards, as we have, push the Fed toward a more hawkish stance. Easy borrowing conditions incentivize personal consumption. More consumer activity, especially given current supply line problems, is likely to further agitate inflationary conditions.

Chinas & Evergrande. Will They or Won’t They?

In addition to concerns with China, Evergrande, and possible contagion, the markets are also grappling with Wednesday’s Fed meeting. In what was likely a purposeful leak last week, the WSJ laid the groundwork for a taper announcement Wednesday and the reduction in asset purchases in November. With the U.S. and foreign markets skidding yesterday some are asking how the Fed might react. In a Bloomberg interview, ex-New York Fed President, Bill Dudley, warns “They’re not going to react to small market moves and defer the tapering on that basis. They have to change their economic forecast,” he said Monday during an interview on Bloomberg Television with Lisa Abramowicz, Tom Keene and Jonathan Ferro. “At this point, it’s really premature to reach that conclusion.”

The post The Market is Deeply Oversold And Looking For A “Dovish” Fed appeared first on RIA.

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Get Ready for the Coming Oil Crisis (SBOW, VKIN, CPE, RRC, XOM, CVX, SM, CEI, OIH)

The landscape is in place for a coming supply shortage crisis in the oil market, and the only place to hide for investors may be in small-cap oil stocks. The world is adjusting to the next chapter – the post-pandemic period – and global oil demand…

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The landscape is in place for a coming supply shortage crisis in the oil market, and the only place to hide for investors may be in small-cap oil stocks.

The world is adjusting to the next chapter – the post-pandemic period – and global oil demand is recovering powerfully, on pace to hit new all-time highs by early next year. 

At the same time, non-OPEC oil supply is falling, down over 2 million barrels per day from its 2019 peak. Even more to the point, non-OPEC oil supply growth will turn negative over coming years, according to new forecasts from the IEA.

That inflection will foster a gap between supply and demand with structural implications. By just 12 months from now, demand will encroach on total production potential for the first time in 160 years – since we first started ramping up the oil industry in the 19th century.

This may well become the most important investment theme over coming years. But it won’t just impact the fortunes of the world’s major integrated producers like Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX). It will define the landscape for the entire market, and the biggest beneficiaries will likely be the small-cap oil players now trading at cheap levels.

With that in mind, we take a look at a few of the more interesting names in the space and cover some recent catalysts.

SilverBow Resources Inc (NYSE:SBOW) is a growth-oriented independent oil and gas company in the dead-center of what you might call the small-cap growth niche in the US shale energy space.

The company engages in the acquiring and developing assets in the Eagle Ford Shale.

SilverBow Resources Inc (NYSE:SBOW) recently announced it has entered into definitive agreements to acquire oil and gas assets in the Eagle Ford from an undisclosed seller. Acquisition Highlights include: All stock Transaction for approximately $33 million, consisting of approximately 1.5 million shares of SilverBow common stock, 45,000 total net acres in the Eagle Ford, bolstering SilverBow’s gas position in McMullen and Live Oak counties, while adding new oil positions in Atascosa, Lavaca, and Fayette counties, and April 2021 net production of approximately 1,580 barrels of oil equivalent per day, 39% liquids. Net oil production of 569 barrels per day

Sean Woolverton, SilverBow’s Chief Executive Officer, commented, “We continue to execute on accretive opportunities and bolster our balanced oil and gas portfolio. This marks the second acquisition we have announced since the beginning of August. Our first deal increased our high-return Eagle Ford and Austin Chalk locations, as well as incremental working interest in producing wellbores, in our La Mesa position. Today’s announcement expands our gas portfolio in the Western Eagle Ford, while also adding oil acreage in three new counties. Each transaction is accretive to Adjusted EBITDA and further reduces our pro forma leverage ratio(1) via the assets’ incremental cash flow. Our ability to use stock as consideration reflects the constructiveness of Eagle Ford partners to share in SilverBow’s long-term value creation.”

The stock has suffered a bit of late, with shares of SBOW taking a hit in recent action, down about -9% over the past week. Shares of the stock have powered higher over the past month, rallying roughly 13% in that time on strong overall action. 

SilverBow Resources Inc (NYSE:SBOW) managed to rope in revenues totaling $69.9M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 181.2%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($2.1M against $101.9M, respectively).

Viking Energy Group Inc (OTC US:VKIN) is an emerging small-cap player in the oil and gas space with assets located in North America in Kansas, Missouri, Texas, Louisiana, and Mississippi. Viking also has firm financial backing from its majority owner, Camber Energy Inc (NYSEAMERICAN:CEI), which recently raised $15 million in non-toxic financing that is convertible well above current share pricing.

That suggests Viking has a lot of expansion opportunity here as well, which is a big factor in presenting the stock. Shares have started to heat up as it gets involved in carbon capture technology, which is a very nice addition to the narrative.

Viking Energy Group Inc (OTC US:VKIN), to expand on that point, recently entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy regarding ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. This has the potential to catapult VKIN into a key position in the clean energy space.

According to the release, the ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ~ 100% of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g., distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.    

James Doris, President and Chief Executive Officer of Viking, commented, “In my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices. We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System.”

Viking Energy Group Inc (OTC US:VKIN) is a small but growing oil play with improving financial metrics, and it should be taken seriously as a player in a space that could be heading for a major windfall. The company recently posted double-digit growth in revenues, current assets, and EBITDA for its calendar Q2, and its move to gain exposure to the carbon capture theme is likely to help it gain greater visibility, as evidenced by the stock’s recent 200% multi-week rally.

Callon Petroleum Company (NYSE:CPE) engages in the exploration, development, acquisition and production of oil and natural gas properties in the United States.

The company focuses on unconventional oil and natural gas reserves in the Permian Basin. 

Callon Petroleum Company (NYSE:CPE) recently announced an agreement to acquire the leasehold interests and related oil, gas, and infrastructure assets of Primexx Energy Partners and its affiliates. Primexx is a private oil and gas operator in the Delaware Basin with a contiguous footprint of 35,000 net acres in Reeves County and second quarter 2021 net production of approximately 18,000 barrels of oil equivalent per day (“Boe/d”) (61% oil). The cash and stock transaction is valued at approximately $788 million[1], representing a headline purchase price multiple of approximately $43,800 per Boe/d, based on second quarter production.

Callon President and Chief Executive Officer Joe Gatto commented: “The Primexx transaction checks every operational and financial box on the list of compelling attributes of consolidation. The asset base adds substantial current oil production and a top-tier inventory to our Delaware portfolio, and fits squarely into our model of scaled, co-development of a multi-zone resource base. Our integrated, future development plans will benefit greatly from the combined Delaware scale and we expect to generate approximately 30% more adjusted free cash flow[2] from the third quarter of 2021 through year-end 2023 under our conservative planning price assumptions[3]. The infusion of over $550 million of equity from the acquisition and Kimmeridge’s exchange further heightens the overall benefits, immediately reducing leverage metrics and creating a visible path to net debt to adjusted EBITDA of below 2.0x next year.”

And the stock has been acting well over recent days, up something like 7% in that time. Shares of the stock have powered higher over the past month, rallying roughly 22% in that time on strong overall action. 

Callon Petroleum Company (NYSE:CPE) managed to rope in revenues totaling $440.4M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 180.1%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($3.8M against $813.8M, respectively).

Other key stocks in the small-cap oil space include Range Resources Corp. (NYSE:RRC), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), SM Energy Co (NYSE:SM), and VanEck Oil Services ETF (NYSEARCA:OIH).

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The post Get Ready for the Coming Oil Crisis (SBOW, VKIN, CPE, RRC, XOM, CVX, SM, CEI, OIH) appeared first on Wall Street PR.

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