British Columbia, which has so far been skewed more toward natural gas than oil, could become a major player in the North American oil market in coming years. Raymond James analyst Kurt Molnar believes that oil companies and even the British Columbia government are beginning to recognize the opportunities.

The recent successes of ARC Resources (ARC RESOURCES COM NPV AETUF TSEARX) and Crew Energy (CREW ENERGY INC COM NPV CWEGF CR) in British Columbia have already gone a long way in changing the perception of the region.

“We think that the likes of Crew and ARC are going to meaningfully increase the aerial scope of lands that are the focus of true black oil — running from Tower towards Goose and the Attachie going from southeast to northwest,” Molnar explained.

Raymond James expects that the local government will do everything in its power to pave the way for the oil industry, including sweetening the royalty regime.

Molnar noted…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!