Lion Energy Corp. is a Canadian exploration company focused on the acquisition, exploration and development of oil and gas reserves in Central and East Africa. The company today made a joint announcement with Southern Star Energy Inc. (SSEY.OB), a U.S.- based oil and gas exploration company, and Gold Star Resources Corp. (TSX-V: GXX), a Canadian resource exploration company focused on the strategic acquisition and advancement of prospective oil and gas projects in West Africa, stating that the three companies have signed a non-binding letter of intent to create a mid-sized, “well-capitalized” company with domestic and international exploration operations.

The proposed combination of the three companies will result in one company backed by an experienced management team and board of directors, which will ultimately benefit shareholders as the company takes advantage of growth opportunities.

“The collaboration of Lion, Southern and Gold Star combines an excellent portfolio of diverse African exploratory opportunities

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Many investors often look to the larger oil and gas developers for a safe investment, and in a certain sense these types of companies are perhaps one of your more safe investments. Energy after all is always a need. There are, however, companies on the verge that may make better investments as they move forward with production and development plans. While some may look left at these more main-stream players, looking right for those companies that may be in the right place at the right time may be a bit more profitable. Care needs to be taken and research done, but if one picks wisely, profit will be there.

American Oil & Gas Inc., an oil and gas exploration company, works to explore and develop crude oil and natural gas deposits primarily in Colorado and Wyoming. The company holds natural gas interests through its American Tower Inc. subsidiary but is generally

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Weak volumes and prices drive losses United States Steel Corporation (X) recorded its third sequential loss -- $3.03 billion or $2.11 per share in the third quarter of 2009 in contrast to a net income of $9.19 billion or $7.79 per share in the third quarter of 2008. However, losses narrowed sequentially and were lower than the Zacks Consensus Estimate of a loss of $2.91. On a year-over-year basis, revenues were down 61% to $2.82 billion, driven by a 35% year-over-year decline in total steel shipments to 4.2 million tons. However, shipments increased 41% quarter on quarter. The company saw lower year-over-year volumes and prices across all major segments on the back of a slump in the economy. Additionally, increasing competition from China and weak demand in major markets, especially Europe, which resulted in lower capacity utilization have impacted results. Two of the company’s ...

Any industry needs the basics to make it run. Technology needs solid minds while manufacturing needs skilled artisans. Exploration needs data of many kinds. A company that can provide that data, at a reasonable and successful rate, is one that will always profit.

Ion Geophysical Inc., a seismic mapping company, works to map subterranean natural gas and oil structures world-wide. The company, based in Huston, Texas, has recently entered into a financial agreement with a Chinese concern to dramatically reduce debt and enable opportunities for expansion.

Although one may assume that subterranean imaging might be rather straight-forward in nature, it is slightly more varied. In this regard, the company operates through four fairly distinct segments: land based, marine, data assessment and data solutions. Given the four varying segments of the company, it may be said that the company is a full one stop shop for assessing opportunity where searching for minerals, of

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Being in the right place with the right product is more than half the game when it comes to making profit. The oil commodity market is a prime example. There will be times when the price for the commodity is down and a company needs to retrench. Other times find the market flying high with profits flowing nicely. In either event, a company must be ready for the cycle to change. If a company can time there activities to match what “may” happen in the pricing cycle, large profit windfalls can occur.

Gran Tierra Energy Inc., an oil and gas exploration company, works to explore and exploit oil and gas in Columbia, Argentina and Peru. The company’s headquarters are located in Calgary, Canada. The company is currently focusing its exploration and development work on the southern basin of Columbia, South America. To date, schedules to meet 19,000 BOPD are running ahead

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Earlier this week, Chevron Corp. (CVX) – the second-biggest U.S. oil company – announced the discovery of a new offshore natural gas site (Achilles-1) in Western Australia ’s Carnarvon Basin . The discovery builds on the integrated energy giant’s leading position in this hydrocarbon-rich area and follows the Clio-2 and the Kentish Knock-1 finds in August. Drilled to a total depth of 4,500 meters, the Achilles-1 well encountered 100 meters of net gas pay. The find is situated in the WA-374-P permit area (in the Greater Gorgon region), 160 kilometers off the coast of northwest Australia . Chevron Australia has a 50% operated interest in the prospect, with the other partners being ExxonMobil Corp. (XOM) and Royal Dutch Shell PLC (RDS.A). We believe that the latest exploration success will boost Chevron’s growth prospects in Australia by adding to its already significant gas interests in ...

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DrStockPick.com Watch List!

My Picks for Tuesday October 13, 2009, are:

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VASC, Vascular Solutions Inc.

VASC is an innovative medical device company that focuses on developing unique clinical solutions for coronary and peripheral vascular procedures. The company’s product line consists of five major categories: hemostat (blood clotting) products, extraction (clot removal) catheters, vein products, specialty catheters and access products.

VASC has received Food and Drug Administration clearance to sell the new Guardian II hemostasis valve, which is used in surgery

VASC is the exclusive U.S. distributor for the product, which is made by Ireland-based Zerusa Ltd.

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VNDA, Vanda Pharmaceuticals, Inc.

VNDA is a biopharmaceutical company

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Calgary-based Enbridge Inc. (ENB) recently announced that it reached an agreement with subsidiaries of U.S. oil major Chevron Corp. (CVX), Norway’s StatoilHydro ASA (STO) and Japan’s Marubeni Corp. to construct and operate a 40-mile, 20-inch oil pipeline from the proposed Big Foot ultra deepwater development in the Gulf of Mexico.   The planned conduit is estimated to cost approximately $250 million and will transport about 100,000 barrels of oil per day to a subsea connection on existing deepwater pipeline infrastructure. It will be located approximately 170 miles south of the Louisiana coast and reach depths of up to 5,900 feet below water.   The proposed Big Foot pipeline will complement Enbridge’s previously announced plans to build the Walker Ridge offshore natural gas pipeline in the area for $500 million. Thus the company has committed a total of $750 million in pipelines to service oil and gas exploration

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Yesterday, oil and natural gas firm Comstock Resources Inc. (CRK) provided an operational update about its recently completed third quarter.  Average production was up 9% sequentially to about 184 million cubic feet equivalent per day (MMcfe/d), reflecting the success of Comstock’s enhanced onshore drilling programs. The company drilled a total of 9 wells during the quarter, with a 100% success rate.  This year, Comstock’s drilling programs are focused on developing its Haynesville shale properties in East Texas and North Louisiana . As part of that effort, the company drilled 7 successful wells in DeSoto Parish , North Louisiana during the third quarter (3 wells are in Toledo Bend North field, 3 in the Logansport field and one is in the Mansfield field), which had an average per well initial production rate of approximately 15.6 MMcfe/d. These results were up 23% from the 7 wells that were reported ...

Texas-based BJ Services Company (BJS) on Monday unveiled the world’s largest high-performance stimulation vessel (Blue Dolphin) in deepwater Gulf of Mexico (GoM). The vessel is custom-designed to provide 20,000 psi (pound per square inch) working pressure via multiple Coflexip reeled flexible umbilical lines and is meant for oil and gas wells in the Lower Tertiary and other Gulf of Mexico formations.  The well completion in the GoM has become difficult with the exploration and development of deep formations in water depths beyond 5,000 feet. The vessel is specifically designed to meet a variety of complex completion activities.  High-pressure capabilities and large crew accommodations enable the vessel to carry on nonstop operations in multiwell locations. BJ Services provides pressure pumping and other oilfield services to oil and gas exploration and production companies all over the world.  Pressure pumping comprises cementing and stimulation services used during the ...