NewsBreak Original

(Boulder, Colo.) The Biden administration this week sided with Boulder and other local governments in their climate lawsuit against Exxon Mobil and Suncor Energy, recommending the case should proceed in state court instead of federal.

Some analysts and hedge funds are counting on a rebound in crude oil prices, now that China has opened up its economy, according to Seeking Alpha. this is despite the massive outbreak of Covid-19 which has apparently reached much of the Chinese population.

Drilling a natural gas well in Weld County, Colo.Scott Branson / Flickr. (Denver, Colo.) A Denver-based mineral rights acquisition company paid more than $33 million for mineral interests owned by the city of Thornton.

(Denver, Colo.) A Denver company that uses waste natural gas from oil wells to power data centers is continuing its expansion by purchasing a Bitcoin mining company that operates in the oil fields of North Dakota and Montana.

This is not financial advice and you should not rely on my analysis to buy or sell any stock. I am not undertaking to induce you to buy or sell any securities. I am relying on the “publisher’s exclusion” in the Investment Advisers Act of 1940 to provide this information without any personalized or individualized investment advice.

This is not financial advice and you should not rely on my analysis to buy or sell any stock. I am not undertaking to induce you to buy or sell any securities. I am relying on the “publisher’s exclusion” in the Investment Advisers Act of 1940 to provide this information without any personalized or individualized investment advice.

An image from the Nevada operations hosting Transitional Energy's pilot project.(Photo courtesy of Transitional Energy) (Denver, Colo.) A Mile High City-based renewable energy firm took another step to bolster the national energy transition with equipment that makes electricity from the heat produced by oil and natural gas wells.

This is not financial advice and you should not rely on my analysis to buy or sell any stock. I am not undertaking to induce you to buy or sell any securities. I am relying on the “publisher’s exclusion” in the Investment Advisers Act of 1940 to provide this information without any personalized or individualized investment advice.

Activists at a climate vigil in Superior on Aug. 2, 2022.Matt Whittaker/NewsBreak Denver. (Superior, Colo.) People who lost their homes in the Marshall Fire used a Tuesday vigil in one of Boulder County’s destroyed neighborhoods to call on President Joe Biden and Governor Jared Polis to declare climate emergencies and stop the permitting process for new oil and gas developments.

This is not financial advice and you should not rely on my analysis to buy or sell any stock. I am not undertaking to induce you to buy or sell any securities. I am relying on the “publisher’s exclusion” in the Investment Advisers Act of 1940 to provide this information without any personalized or individualized investment advice.

A drill rig in Wyoming.Bureau of Land Management / Flickr. (Denver, Colo.) The Bureau of Land Management sold three parcels for oil and gas development in Colorado for $1.2 million this month, the bureau’s Lakewood-based Colorado office said Thursday.

(Denver, Colo.) State oil and gas regulators approved PDC Energy’s plan to develop 30 wells in rural Weld County less than a month after giving the go-ahead for other company wells in Colorado’s most prolific hydrocarbon-producing area.

Image from a Civitas Resources investor presentation showing oil and gas acreage holdings.Screenshot of Civitas presentation. (Denver, Colo.) Texas-based energy lawyer Travis Counts will become chief legal officer for Civitas Resources on Aug. 1, replacing outgoing general counsel Cyrus Marter, the oil and gas company said Wednesday.

Drilling rig and cows near Piceance Creek in Rio Blanco County, Colo., in May 2009.Jeff Foster / Flickr. (Lakewood, Colo.) The Bureau of Land Management pushed back its oil and gas lease sale by a week to allow time for protest resolution and environmental analyses, the bureau’s Lakewood-based state office said Friday.

A drilling rig in Weld County, Colo.WildEarth Guardians / Flickr. (Denver, Colo.) Oil and natural gas explorer and producer PDC Energy said this week the Colorado Oil and Gas Conservation Commission approved its permit application for nearly 70 wells in Weld County.

A drilling rig in Weld County.Scott Branson/Flickr. (Across Colorado) The Biden administration’s plans to hold oil and gas lease auctions in Colorado next month have drawn the ire of environmental groups who worry about the effect new drilling will have on climate change.

On April 21, the U.S. Dept. of Energy (DOE) announced it will release an additional 40 million more barrels of oil from the Strategic Petroleum Reserve (SPR). This is on top of the 50 million it has already sold. The new release will be sold on May 24 on a bid-basis for delivery in June.

Marathon Oil is an attractive oil and gas play with a 1.1% dividend yield and a forward P/E below 10x. Analysts forecast 88.5% higher earnings this year, along with significant FCF growth.

Devon Energy (DVN) recently raised its fixed and variable dividend to $1 quarterly, giving it a 6.48% yield. This could potentially increase, as the variable portion of the dividend rises with higher free cash flow (FCF) if the oil price stays over $100, potentially reaching $4.68 (7.59% yield)

Chesapeake Energy (CHK) pays a two-layered dividend and has a much higher dividend than most pricing services are aware of. The oil and gas company pays out a base dividend of $1.75 (2.21% yield), plus a variable dividend based on 50% of adj. free cash flow.