Kolibri Global Energy (NasdaqCM:KGEI) Conference Summary Company Overview - **Company**: Kolibri Global Energy - **Ticker**: KGEI (also trades in Canada) - **Industry**: Oil and Gas Production - **Location**: Tishomingo Shale Oil Field, Oklahoma Key Points and Arguments Production and Reserves - Kolibri is an oil and gas producer with significant operations in Oklahoma, specifically in the Tishomingo Shale Oil Field [2][3] - The company drilled nine new wells in 2025, leading to a 24% increase in approved reserves in 2024 [3][4] - Current approved reserves include 40 million barrels of oil and 53 million barrels of approved probable reserves, as reported by Netherland Sewell [4][5] - The company’s production mix has shifted to 75% oil as of November, up from 66% in the third quarter [8][10] Financial Performance - Kolibri reported an enterprise value of over $170 million, with a market cap of approximately $130 million [5][10] - The company has maintained a strong cash flow, with Adjusted EBITDA growing from $6.5 million in 2021 to $44 million in 2024, despite lower oil prices [10][12] - The company aims to keep its debt around $35 million, with current debt reported at $42 million [4][10] Operational Efficiency - The company has improved drilling efficiency, reducing the time to drill a one-mile lateral from 30 days in 2016 to about 12 days by the end of 2024 [19][20] - Operating expenses are approximately $7.50 per barrel of oil equivalent, positioning Kolibri among the lower end of its peers [22][23] Strategic Plans - Kolibri plans to focus on drilling more McKinney wells in 2026 and is currently permitting multiple pads for efficient drilling [11][12] - The company is also exploring the Sycamore formation for potential additional reserves [14][15] - Share buybacks and debt reduction are prioritized, with plans to use excess cash flow for these purposes [27][28] Market Position and Valuation - The company believes it is undervalued, with a significant discrepancy between its trading price and the value of its approved reserves [5][39] - The stock price has experienced volatility due to fluctuations in oil prices and market conditions, particularly around the time of its inclusion in the Russell 2000 [39][40] Additional Important Insights - The company emphasizes the non-homogeneous nature of shale, which can lead to variability in well performance [41] - Kolibri's management team has extensive experience in the oil and gas sector, contributing to its operational and financial strategies [24][25] - The company is proactive in its approach to drilling and capital expenditure, allowing for flexibility in response to market conditions [29][30] This summary encapsulates the key points discussed during the Kolibri Global Energy conference, highlighting the company's operational strategies, financial performance, and market positioning within the oil and gas industry.

Calgary, Alberta--(Newsfile Corp. - January 21, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce our 2026 budget.2026 BUDGET HIGHLIGHTSWe are forecasting average annual production of 25,000 to 25,500 boe/d for 2026, which represents 15% growth from average volumes delivered in 2025, with Reford contributing to a full year of operations;Our 2026 capital budget of $75 million will be heavily weighted towards our conventional assets with only minimal investment now r ...

The market expects Murphy Oil (MUR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

In this article, we are going to discuss the best energy stocks to buy for dividends in 2026.The S&P Energy index delivered gains of almost 5% in 2025, compared to the total returns of 16.4% by the S&P 500. Although the late-year decline in crude prices pushed the overall energy sector to lag, some industry segments performed well. While upstream producers struggled, refiners, integrated majors, and midstream companies posted far stronger results.With the industry facing oversupply issues and a low-priced e ...

Core Viewpoint - PetroTal Corp. is focused on restoring production and cash flow amid weak oil prices, with recent operational improvements and a positive outlook for 2026 [2][4]. Production and Operations Update - Average group production in Q4 2025 was 15,258 barrels of oil per day (bopd), with 14,766 bopd from the Bretana field and 492 bopd from the Los Angeles field [4][9]. - Cumulative annual production for 2025 was over 7.1 million barrels, reflecting a 9.2% increase from 2024, with an annual average production of 19,473 bopd [4][9]. - The Bretana field achieved a cumulative production milestone of 30 million barrels, with proven reserves increasing from 16.9 million barrels in 2017 to 67 million barrels by the end of 2024 [6]. Cash and Liquidity Update - As of December 31, 2025, PetroTal had a total cash position of $139.1 million, with $112.4 million being unrestricted cash, up from $108.8 million at the end of Q3 2025 [7][9]. - The company had approximately $26.7 million in restricted cash, primarily related to an escrow account for a loan [7]. Leadership Changes - Jorge Osorio was appointed as Chief Operating Officer effective January 12, 2026, bringing extensive experience from Ecopetrol and BP, where he managed significant production and capital expenditures [3][12][11].

Calgary, Alberta--(Newsfile Corp. - January 12, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our January dividend of $0.06 per common share will be paid on February 17, 2026 to shareholders of record on January 30, 2026. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.The Company is also pleased to announce it has exceeded the nameplate capacity (6 ...

Last year, upstream oil investment was projected to have declined 2.5% Y/Y to $420 billion after low oil prices put pressure on producers and slowed expansion plans. Companies across the industry continued to prioritize profitability, free cash flow, and debt reduction over aggressive production growth, a trend reinforced by macro uncertainty. The decline was also driven by reduced spending by U.S. independent light tight oil and shale producers, even as national oil companies (NOCs) in the Middle East inc ...

Core Viewpoint - The energy sector has underperformed compared to the broader market, with average energy stocks in the S&P 500 up about 4% year-to-date, while the broader market index rose nearly 18% due to lower oil prices [1][2] Group 1: ConocoPhillips - ConocoPhillips is a leading oil and gas producer with a diversified portfolio and low operating costs [4] - The company requires an average oil price in the mid-$40s to sustain capital spending and about $10 more per barrel to fund its dividend, currently generating substantial surplus free cash flow with crude oil priced in the low $60s [4][5] - Expected completion of large-scale liquefied natural gas projects and the Willow oil project in Alaska could add an incremental $6 billion in annual free cash flow by 2029, assuming a $60 oil price [5] - ConocoPhillips produced $6.1 billion in free cash flow through the first nine months of the year and recently increased its dividend by 8%, aiming for dividend growth within the top 10% of S&P 500 companies [7] Group 2: Oneok - Oneok is one of the largest energy midstream companies in the U.S., generating stable cash flow supported by long-term contracts and government-regulated rate structures [8] - The company has expanded its midstream platform through acquisitions, including Magellan Midstream Partners and Medallion Midstream, totaling $10.2 billion [10] - Oneok expects to capture hundreds of millions in cost savings and synergies from these acquisitions and has approved several organic expansion projects, which should enhance its dividend growth by 3% to 4% annually [11] Group 3: NextEra Energy - NextEra Energy is a leading electric utility and energy infrastructure development company, with a Florida-based utility generating steadily rising rate-regulated earnings [12] - The company plans to invest upwards of $100 billion by 2032 to support growing energy demand in Florida, alongside investments in electricity transmission lines and clean power projects [14] - Expected compound annual earnings-per-share growth of over 8% over the next decade positions NextEra Energy to increase its dividend by 10% next year and at a 6% compound annual growth rate through at least 2028 [15] Group 4: Overall Investment Potential - ConocoPhillips, Oneok, and NextEra Energy are identified as top energy stocks with visible growth ahead, expected to continue increasing their high-yielding dividends [16]

Group 1 - The core viewpoint is that Freedom Capital Markets has initiated coverage on Evolution Petroleum Corporation with a Buy rating and a price target of $5.30, driven by improving commodity fundamentals and the company's income-focused capital allocation strategy [1] - The investment thesis is supported by expectations for a recovery in oil prices and rising demand for U.S. natural gas, with Evolution Petroleum being a U.S.-focused oil and gas producer generating all revenue domestically [2] - Evolution's producing assets consist entirely of non-operated interests, which limits operational risk while allowing the company to maintain financial discipline [3] Group 2 - Evolution Petroleum has a shareholder return strategy that includes quarterly dividend payments, offering an annualized dividend yield of approximately 12.8%, which is considered attractive compared to peers [4]

Core Viewpoint - Strathcona Resources Ltd. has confirmed the payment of a special distribution of $10.00 per share and provided updates on its capital structure, including debt management and liquidity enhancements [1][2][4][5]. Special Distribution - The special distribution of $10.00 per share has been completed and will be distributed to registered shareholders by Odyssey Trust Company after December 22, 2025 [2]. - Beneficial shareholders will receive the distribution through their intermediaries, which may vary in timing based on their procedures [2][3]. Capital Structure Update - Strathcona has issued a notice of redemption for all outstanding US$500 million 6.875% Senior Notes due 2026, with a redemption date set for December 30, 2025 [4]. - The company has closed an upsized and extended bank credit facility, increasing the total facility size to approximately $3.490 billion from $3.255 billion, with a maturity extension to March 2030 [5]. - Strathcona disposed of its entire marketable security portfolio for approximately $1.390 billion, resulting in a gain of about $101 million compared to September 30, 2025 [6]. Financial Projections - Pro forma for the special distribution, Senior Notes redemption, and the disposition of public securities, Strathcona expects approximately $2.1 billion in outstanding debt as of December 31, 2025, with about $1.4 billion of liquidity available [7]. - The company anticipates a debt to EBITDA ratio of approximately 1.5x at a WTI price of US$60, with a projected weighted average interest rate of around 5% in 2026, down from approximately 6% in 2025 [7]. Company Overview - Strathcona is recognized as one of North America's fastest-growing pure play heavy oil producers, focusing on thermal oil and enhanced oil recovery [8].