Update On The World’s Most Exciting Oil Play: Interview With Scot Evans

Enterprise Products Partners (NYSE:EPD) is the largest oil and gas pipeline company in North America, with a vast network of pipelines that transport crude oil, gas liquids, natural gas and refined products. The company has over 11 billion barrels of storage capacity at its terminals across the United States.

In addition to its pipeline operations, Enterprise Products Partners also operates as an energy marketing and trading company for both U.S. domestic markets and international markets outside North America.

Enterprise Products is the top transporter of natural gas liquids (NGLs) and also owns the most NGL fractionation capacity in the United States, as well as dock space for exports. Enterprise Products is the largest midstream MLP in the country. Enterprise has clearly read the signs of the times and has begun to work with partners to scale back its project backlog. In the past, EP was able to weather the normal industry headwinds thanks to robust cash coverage and manageable leverage. Unfortunately, Covid-19 has been anything but your average downturn, and EP has been forced to seriously cut back on Capex.

Enbridge Inc.(NYSE:ENB, TSX:ENB) is a Canadian multinational energy company with operations in the United States, Eastern Canada, and Central America. The Company operates three primary business segments: Natural gas distribution, Natural gas transmission pipelines & Liquids pipeline transportation. Enbridge's strategy includes growth opportunities through acquisitions and organic development of natural gas infrastructure to meet customer needs as they develop their resource potentials.

The Company also provides equipment installation services for natural gas facilities; distribution systems for electricity generation from renewable sources; transportation of crude oil by rail and trucking; storage of liquids such as gasoline, diesel fuel or other petroleum products at terminals before delivery to customers or end-users; management of power plants that generate electricity from hydroelectricity sources - all across North America.

Enbridge is in a unique position as oil and gas stages its 2021 comeback. As one of the more potentially undervalued companies in the sector, it could be set to win big this year. But that’s only if it can overcome some of the challenges in its path. Most specifically, its Line 3 project which has faced scrutiny from environmentalists.

Canadian Natural Resources (NYSE:CNQ, TSX:CNQ) is a Canadian company that explores for natural gas, crude oil and natural gas liquids in Canada's three major petroleum producing regions: Alberta, British Columbia and Saskatchewan. The Company has operations across Western Canada.

Canadian Natural Resources was founded in 1913 by an Albertan farmer who discovered natural gas on his land near Medicine Hat. They have been involved since their inception with the development of the energy industry in Western Canada through exploration and production of petroleum products. Today they are one of the top ten largest producers of crude oil from western Canada.

In 2020, Canadian Natural Resources was an outlier in the industry. Unlike many of its peers, Canadian Natural Resources kept its dividend intact after swinging to a loss for the first half of the year, while Canada's producers are scaling back production by around 1 million bpd amid low oil prices and demand. Though Canadian Natural Resources kept its dividend, it withdrew its production guidance for 2020, however. It also said it would curtail some production at high-cost conventional projects in North America and oil sands operations and carry out planned turnaround activities at oil sands projects in the second half of 2020.

Suncor Energy (TSX:SU) is a Canadian energy company with operations around the world. They have invested in diversifying their portfolio and are now involved in oil refining, retail gasoline sales, natural gas pipeline distribution, and solar photovoltaic manufacturing. Suncor has also made investments to help reduce emissions from its own operations. 

Suncor was founded in 1918 and has been growing ever since. With many years of success under their belt they plan to continue expanding into new markets globally while remaining committed to safety and operating excellence as well as doing our part for the environment by reducing greenhouse gas emissions at all levels of our business.

is a Canadian multinational energy company, headquartered in Calgary, Alberta. It operates Canada’s largest oil sands project - Suncor's Oil Sands Operations. The company is Canada's most profitable and one of the world's largest integrated energy companies with its operations spanning North America and 20 other countries around the world. With over $120 billion in assets, it has more than 10 million acres of land holdings for exploration and production across six continents.

Suncor has adopted a number of high-tech solutions for finding, pumping, storing, and delivering its resources. Not only is it big in the oil sector, however, it is a leader in renewable energy. Recently, the company invested $300 million in a wind farm located in Alberta. 

MEG Energy Corp (TSX:MEG) is a Canadian energy company that provides natural gas and renewable power products and services to customers in Canada, the United States, Europe, and Asia. The company operates in three segments: Pipeline Services; Power Generation Services; Renewable Power Production. MEG has been able to grow their pipeline business by engaging with key stakeholders on regulatory fronts across North America as well as through expansion of their existing pipeline network.

The company’s large proven resources and their cutting-edge technology make MEG a promising company for investors looking to get in to the promising oil sands in Alberta

Gibson Energy (TSX:GEI) is an energy company that specializes in the production, transmission and distribution of natural gas. Gibson Energy has been providing reliable service to their customers for over 100 years. The company currently employs more than 1,400 people across North America.

Gibson has a long history in Canada’s oil and gas game, going back to 1953. The company has a diverse portfolio which includes transportation, storage, processing, marketing and distribution of oil, condensates, oilfield waste, refined products and natural gas. With Gibson’s huge array of assets and its multi-platform sales strategies, it’s hedged a lot of the risk for investors in an inherently high-risk, high-reward industry.

Pembina Pipeline Corp. (TSX:PPL) is a company that has been around for more than 50 years and was the first pipeline company in Canada to offer gas transmission services. They are now one of the largest natural gas transmission companies in North America with an annual throughput capacity of almost 66 billion cubic feet per day. This blog post will discuss Pembina's recent acquisition by Enbridge Inc., their financial performance, and how they view long-term growth opportunities.

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Forward-Looking Statements. Statements contained in this document that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Recon. All estimates and statements with respect to Recon’s operations, its plans and projections, timing of drilling, other exploration and results, size of potential oil reserves, comparisons to other oil producing fields, oil prices, recoverable oil, production targets, production and other operating costs and likelihood of oil recoverability are forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties including, without limitation: risks associated with oil and gas exploration, including drilling and other exploration activities, timing of reports, development, exploitation and production, geological risks, marketing and transportation, availability of adequate funding, volatility of commodity prices, imprecision of reserve and resource estimates, environmental risks, competition from other producers, government regulation, dates of commencement of production and changes in the regulatory and taxation environment. Actual results may vary materially from the information provided in this document, and there is no representation that the actual results realized in the future will be the same in whole or in part as those presented herein. Other factors that could cause actual results to differ from those contained in the forward-looking statements are also set forth in filings that Recon and its technical analysts have made. We undertake no obligation, except as otherwise required by law, to update these forward-looking statements except as required by law.

Exploration for hydrocarbons is a highly speculative venture necessarily involving substantial risk. Recon's future success will depend on its ability to develop its current properties and on its ability to discover resources that are capable of commercial production. However, there is no assurance that Recon's future exploration and development efforts will result in the discovery or development of commercial accumulations of oil and natural gas. In addition, even if hydrocarbons are discovered, the costs of extracting and delivering the hydrocarbons to market and variations in the market price may render uneconomic any discovered deposit. Geological conditions are variable and unpredictable. Even if production is commenced from a well, the quantity of hydrocarbons produced inevitably will decline over time, and production may be adversely affected or may have to be terminated altogether if Recon encounters unforeseen geological conditions. Adverse climatic conditions at such properties may also hinder Recon's ability to carry on exploration or production activities continuously throughout any given year.

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