oil and gas

Black Diamond Group, $27.26, symbol BDI on Toronto (Shares outstanding: 42.0 million; Market cap: $1.2 billion; www.blackdiamondlimited.com), is a Calgary-based company that builds modular buildings and housing for workers at remote sites, such as mines and drilling rigs. It also provides oilfield services and equipment. Aside from oil and gas and mining, Black Diamond’s customers include electricity, construction and engineering businesses, as well as government agencies. The company’s Camps division rents and sells remote workforce housing and provides associated services. Its temporary structures include large dormitories, kitchen/dining facilities and recreation complexes. This division is largely focused on western Canada. The company’s logistics division operates remote lodging facilities for third parties. It also owns the sprawling Sunday Creek Lodge, which provides accommodations for corporate clients in the northern Alberta oil sands. Black Diamond Logistics also transports, installs, dismantles, repairs and maintains modular structures for customers....

Rambler Metals & Mining plc, $0.45, symbol RAB on Toronto (Shares outstanding: 142.4 million; Market cap: $64.1 million; www.ramblermines.com), is a U.K.-based mining and development company. The stock is also listed on the AIM market in the U.K. (AIM is the London Stock Exchange’s international market for smaller companies.) In 2012, Rambler brought its first mine into commercial production—the 100%-owned Ming copper-gold-silver mine. The Ming mine is located on the Baie Verte peninsula in Newfoundland. The company shipped its first load of concentrate from the mine through its Goodyear Cover deep-water port facility in November 2012. Rambler also has interests in other early-stage properties, as well as small, former-producing mines, in the general area of the Ming mine....

GENERAL ELECTRIC CO. (New York symbol GE; www.ge.com) continues to shrink its GE Capital subsidiary, which provides loans and other financial services to buyers of its industrial products, such as power-transmission gear, jet engines and locomotives....

ENCANA CORP., $19.21, Toronto symbol ECA, rose 3% this week, even though it cut its dividend as part of a major new restructuring plan. Due to depressed natural gas prices, Encana plans to narrow its focus from around 30 properties to five: Montney (B.C.), Duvernay (Alberta), DJ Basin (Colorado), San Juan Basin (New Mexico) and Tuscaloosa Marine Shale (Louisiana). These fields also produce significant amounts of oil and natural gas liquids (NGLs), such as butane and propane, and should last decades. Encana expects oil and NGLs to supply 75% of its cash flow by 2017, up from about 35% today....

< strong>MCCOY CORP. $6.37 (Toronto symbol MCB; TSINetwork Rating: Speculative) (780-453-8451; www.mccoyglobal.com; Shares outstanding: 26.9 million; Market cap: $171.0 million; Dividend yield: 3.1%) operates through two divisions: Mobile Solutions and Energy Products and Services.
< br /> Energy Products and Services sells hydraulic equipment, including power tongs, for drilling rigs. Power tongs are large wrench-like tools that tighten and loosen the pipe in the drill hole.
< br /> Mobile Solutions builds heavy-duty trailers for U.S. and Canadian clients in the oil and gas, wind energy, infrastructure and construction industries.
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WAJAX CORP. $35.72 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (905-212-3300; www.wajax.ca; Shares outstanding:16.7 million; Market cap: $601.2 million; Dividend yield: 6.7%) sells and services cranes, forklifts and other heavy equipment. It also provides related parts (such as bearings, motors, hoses and fittings) and power systems (including diesel engines and transmissions).
< br /> The company’s customers are in the resource, construction, manufacturing and transportation industries.
< br /> In the three months ended September 30, 2013, Wajax’s revenue declined 5.0%, to $338.5 million from $356.4 million a year earlier. Earnings fell 28.6%, to $11.5 million, or $0.69 a share, from $16.2 million, or $0.97.
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< strong>DELPHI ENERGY $1.43 (Toronto symbol DEE; TSINetwork Rating: Speculative) (403-265-6171; www.delphienergy.ca; Shares outstanding: 153.1 million; Market cap: $217.4 million; No dividends paid) develops, produces and explores for oil and natural gas. About 74% of its production is gas. The remaining 26% is oil.
< br /> The company’s output rose 6.5% in the three months ended September 30, 2013, to 8,797 barrels of oil equivalent per day (including gas) from 8,257 barrels a year earlier.
< br /> Cash flow per share gained 16.7%, to $0.07 from $0.06. The higher production was the main reason for the increase. The company also realized higher prices for its oil and gas in the latest quarter.
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BIRCHCLIFF ENERGY $7.27 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Units outstanding: 142.8 million; Market cap: $1.1 billion; No dividends paid) develops, produces and explores for oil and natural gas, mainly in the Peace River Arch area near the Alberta/B.C. border. About 81% of its output is gas. The remaining 19% is oil.
< br /> In the three months ended September 30, 2013, Birchcliff’s production rose 15.1%, to 24,662 barrels of oil equivalent per day (including gas) from 21,426 barrels a year earlier. Cash flow per share gained 50.0%, to $0.30 from $0.20, on the increased production and higher oil and gas prices.
< br /> Last year, Birchcliff completed Phase III of its gas plant expansion in Pouce Coupe, Alberta. This project doubled the facility’s capacity and is helping the company bring the additional gas it is producing to market.
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CAMECO CORP., $19.76, symbol CCO on Toronto, is the world’s largest uranium producer. It supplies 14% of global production and has large, high-grade reserves, low-cost operations, significant market share and a number of uranium mines. Cameco’s exploration efforts are now focused in Canada, Australia, Kazakhstan and the U.S. However, it may now consider Greenland for potential uranium exploration projects. That’s because Greenland’s parliament has agreed to remove a 25-year-old ban on uranium mining. The government is hoping that revenue from mining will help it gain independence from Denmark. Greenland was a colony of Denmark, but gained semi-autonomy in 2008....

ISHARES FTSE/XINHUA CHINA 25 INDEX FUND $37.54 (New York symbol FXI; buy or sell through brokers) is an exchange traded fund that aims to track the FTSE/Xinhua China 25 Index, which is made up of the 25 largest and most liquid Chinese stocks. All of the stocks in the index trade on the Hong Kong exchange....