Wednesday, April 30, 2014

Cenovus Energy Inc. - CVE.t

Cenovus Energy Inc. - CVE.t operates two producing steam-assisted gravity drainage (SAGD) projects in the oil sands – Foster Creek and Christina Lake – as well as several emerging projects, which are in various stages of development.

Foster Creek and Christina Lake are 50 percent owned by ConocoPhillips. The company also produces heavy oil from the mobile Wabiskaw formation at Pelican Lake. Cenovus has a 50 percent interest in their Wood River (Illinois) and Borger (Texas) refineries which Phillips 66 operates.

On April 30, 2014 the company released Numbers

"Cenovus oil sands production climbs 20% in first quarter

• Combined oil sands production at Foster Creek and Christina Lake averaged 120,444 barrels per day (bbls/d) net in the first quarter, up 20% from a year earlier.
• Production at Christina Lake averaged 65,738 bbls/d net in the first quarter, an increase of 48% when compared with the same period a year earlier as phase E approached full production capacity.
• Foster Creek performed at the upper end of Cenovus’s expected production range, averaging 54,706 bbls/d net in the quarter, a slight decrease from the same period a year earlier.
• Cenovus generated nearly $1.2 billion in operating cash flow, a 4% decrease when compared with the same period in 2013, as rising production and higher commodity prices were offset by significantly lower refining margins.
• Cenovus received regulatory approval for its 180,000 bbls/d wholly-owned Grand Rapids oil sands project and plans to move forward with an initial phase of 8,000 to 10,000 bbls/d."



Monday, April 28, 2014

Top Luxury Whiskeys of 2014

A prestige spirit possessing a darker quality than other Glenfiddich whiskies, the second vatted 50 Year old goes for a hefty $16,000.

The Highland Park 50 Year Old Single Malt was designed by respected Scottish jeweller, Maeve Gillies, from five kilograms of silver and fashioned to wrap and entwine the bottle – $17,500.
Dalmore 62 Single Hiland Malt Scotch is a single Highland malt Scotch whisky from the Dalmore Distillery in Inverness, Scotland, was one of only twelve bottles produced in 1943 from four single malts dating from 1868, 1876, 1926 and 1939. $ 58,000

The Dalmore 64 Trinitas is elite, exclusive, and everything associated with the term “limited edition”. With only three bottles produced, the price tag is $160,000.
The 105 Year Old Master Of Malt was distilled at the Aisla T’Orten distillery and comes with a price tag that confirms its prestige – $1.4 million.

This English crystal decanter is embellished with 8500 diamonds, boasts a coating of white gold, and is further accentuated by 300 rubies. Isabella’s Islay whiskey tops the list with a $6.2 million price tag.

Painted Pony Petroleum Ltd. - PPY.t

Painted Pony Petroleum Ltd. - PPY.t is engaged in the exploration, development and production of petroleum and natural gas resources.

The Company focuses on light oil in southeast Saskatchewan and central Alberta and natural gas in northeast British Columbia.

On April 9, 2014 the company released News

"Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX: PPY) is pleased to provide the following production and operations update. Highlights include:

 exceeded 15,000 barrels of oil equivalent per day (“boe/d”), weighted 86% towards natural gas, in the first week of April 2014, based on field estimates that included 79 million cubic feet per day (“MMcf/d”) of raw natural gas production and 2,050 barrels (“bbls”) per day (“bbls/d”) of crude oil and natural gas liquids (“NGLs”) production;

 increased second quarter 2014 production estimate by 17% to 13,500 boe/d (86% natural gas) from previous estimates of 11,500 boe/d, as a result of better than anticipated well results at Blair and Townsend. This represents increases of approximately 38% over first quarter of 2014 estimated production of 9,750 boe/d and 70% over second quarter 2013 production of 7,928 boe/d;

 increased average annual production estimates for 2014 to 13,000 boe/d, a 50% increase over average production in 2013 of 8,693 boe/d;

 completed start-up of the new 100% working interest 25 MMcf/d natural gas processing facility at Townsend, British Columbia on time and on budget, which is expected to reach full capacity by the end of April 2014. This facility currently has an associated recoverable wellhead condensate yield in excess of 40 bbls/MMcf;”



Saturday, April 26, 2014

1849 Mormon gold coin sells for $705K at auction

SALT LAKE CITY - A $10 Mormon gold coin fetched $705,000, and a $20 Mormon gold coin sold for $558,000 at auction this week.

They were the rarest of a seven-piece collection of Mormon coins made in 1849 that brought in nearly $2 million at an auction staged by Dallas-based Heritage Auctions.
Coins and currency were scare when Mormon pioneers arrived in Utah in 1847, and the settlers began making their own coins primarily to buy goods from the East. "The gold that they used to make these Mormon gold coins came from the original California gold strike, probably right from the American River at Sutter's Mill" Only 46 of the $10 gold coins were made.

Friday, April 25, 2014

'Superstar of stamp world' on auction block

NEW YORK — Three times in its long history, a one-cent postage stamp from a 19th-century British colony in South America has broken the auction record for a single stamp. Now, it’s poised to become the world’s most valuable stamp again.

Sotheby’s predicts the 1856 British Guiana One-Cent Magenta will sell for between $10 million and $20 million when it’s offered in New York on June 17.
The British Guiana 1c magenta is regarded by many philatelists as the world's most famous stamp. It was issued in limited numbers in British Guiana (now Guyana) in 1856, and only one specimen is now known to exist.

It is imperforate, printed in black on magenta paper, and it features a sailing ship along with the colony's Latin motto "Damus Petimus Que Vicissim" (We give and expect in return) in the middle.