Ray D. Reaves, Chief Executive Officer and Chairman of the board of FieldPoint Petroleum Corporation (FPP), talked to The Wall Street Transcript about his company.Click here to read the complete interview.

TWST: Please begin with a brief introduction to FieldPoint Petroleum, including some highlights from its history and an overview of its primary business lines.

Mr. Reaves: FieldPoint Petroleum is a domestic oil and gas exploration and production company. Our product mix is approximately 70% oil, 30% natural gas, and as you can see, there is an emphasis on oil. We have operations in five states. We are in our ninth consecutive year of profitability and positive cash flow.

TWST: I know it’s your goal to continue to expand FieldPoint’s reserve base. Please tell us about the characteristics you look for in properties. What geographic areas may you target in 2012 and what level of expansion may we expect to see?

Mr. Reaves: Our goal is to expand our reserves while increasing production. We have a focus on long-life reserves, and that means reserves that have at least 15- to 20-plus years of life remaining. Our focus currently is on southeast New Mexico and west Texas. We plan to drill one or two high-impact wells in that area over the next 12 months.

 Click here to read the complete interview.

Asi Shalgi, President, CEO and Director of Global Energy, Inc., talked to the Wall Street Transcript about his company Global Energy, Inc. Click here to read the complete interview.

TWST: Please start with a short introduction to Global Energy.

Mr. Shalgi: Global Energy is a company introducing a new technology named KDV, which is the German acronym for catalytic depolymerization. It was developed in Germany by Dr. Christian Koch in order to convert any kind of hydrocarbon waste into high-quality diesel fuel. When we say hydrocarbon, we mean any kind of biomass, agricultural waste, food waste, plastic, paper, wood, rubber, textile, leather, animal flesh, essentially anything containing hydrogen and carbon. We can convert any of these materials into diesel fuel, which, because it is a 100% substitute for traditional diesel, can be utilized without restrictions in all current diesel applications, such as transportation, heating and power generation. We believe that the KDV technology has several operating advantages over traditional diesel, such as very low temperature and very minor emissions. We believe it is a game-changing technology for the energy sector, which by being independent from traditional energy sources, may even cause some degree of geopolitical change in the near future.

Click here to read the complete interview.

What should investors in the Alternative Energy sector be doing, Pearce Hammond, Director of Institutional Research, Simmons & Co. International has some ideas;

Mr. Hammond: “I think my overall advice to investors right now with this sector is number one, be cautious. This is a sec­tor that’s driven a lot on momentum and press releases, and lot of stories, and that can move the stocks every now and then, but you have to really look at the fundamentals. And so my second piece of advice is just understand companies that have a better competitive position than the others. So for example, First Solar (FSLR) has a very good competitive position in the solar business. It’s a hyper-com­petitive sector; it’s a very volatile sector. I think you’re going to have a lot less risk by going into the sector via that stock than going in with a high-cost producer. And the equity is going to be moving very much like a weather vain as to how people perceive the solar sector, but cautious in not getting carried away. There are going to be some big winners in this sector over the next five and 10 years, and maybe some of the companies aren’t even public yet, but they will be big winners. And so kind of a constant diligence or keeping up with what’s going on in the sector is helpful too. These things change a lot. “

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In the most recent issue of TWST, we spoke with L. Farrell Crane of Energy Opportunities Capital Management, a portfolio management firm focusing on the Energy Sector. He talked us a little about where he feels the pressure on oil prices is going to come from, and when we’re going to start seeing things getting worse going forward:

Mr. Crane: In this recent economic downturn we have seen reluctance on the part of the oil producers to increase capital spending given uncertainty with respect to what they expect to receive in terms of oil prices going forward. That slowdown, again, is like stepping off the treadmill. If we doubled our spending and production fell, it is not difficult to predict what will happen to supply when spending is held constant or, worse yet, reduced. We expect that we are going to see some supply problems manifest themselves beginning in 2010 and more considerably so by 2011 and 2012. Obviously the specific timing of a supply crunch will depend on the extent to which we see an economic recovery or continued slowdown. Clearly any increase in global economic activity and a related increase in energy demand will only accelerate the timing and exacerbate the issue. I think, ultimately, the supply challenges are going to be the driving factor in oil prices going forward.

For the complete Investing Strategies report, including the full interview with Mr. Crane, as well as a variety of portfolio managers from across a wide range of strategies, click here. 

Our Oil and Gas Report featured an interview with Longdley “Lenny” Zephirin Chief Executive Officer, Director of Research and Senior Analyst at The Zephirin Group, Inc. Mr. Zephirin gave us insight into the sector:

“From a business perspective, fundamentally the sector is solid and, more important, we are avoiding a collapse in oil prices. Management has done a great job of scaling down, taking rig equipment out of service by either warm stacking rigs till the market improves in the short term or cold stacking rigs till oil prices and demand are showing signs of stability – avoiding a collapse of day rates.”

Investors should buy the more liquid names in the group, they should stay with the deepwater names and the premium companies. He would be wary of the laggers at this time. Overall, he believes that the recovery in share prices will probably be a W-curve recovery. He also recommended several companies but you will have to read those on TWITTER.

in our 7-27-09 Oil & Gas Report we spoke with Chris Pikul of Morgan Keegan & Co., Inc. and he gave us his outlook for the Sector and did have two companies he liked at this juncture:

Mr. Pikul: There’s a two-pronged approach here. As oil continues to provide strength to the group, I’ve been recommending some small cap levered companies, specifically Whiting Petro­leum (WLL) and Berry Petroleum (BRY). Both companies trade at a discount to what I think their net asset value is. Largely they were beaten up due to financing concerns, but both have since re­paired their balance sheets to a great extent.

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As part of our Oil & Gas E&P Report we spoke with Philip J. McPherson of Global Hunter Securities, LLC and he gave us his Outlook for OIL & GAS E&P and a unique play in the E&P market:

“When I look at the future and I look at the energy space, I still think it’s one of the best places to be in the long term and whether you want to believe in it because of the inflationary trade or the weak dollar, I just go back to the fundamentals of the amount of people who are increasing their energy consumption.”

Unique play in Oil and Gas -  Evolution Petroleum (EPM)

“Evolution Petroleum has a unique play in that they have a big partner in Denbury Resources developing a large oil field in Louisiana. The amount of oil in this project, assuming a $60 oil deck, is worth approximately $5 or $6 per share and currently the company is trading at $2.50 a share so I think you’ve got an easy double there just as an NAV play.”

2009 is a year when E&P companies are not getting paid to grow so maintaining a strong balance sheet and maintaining production rather than growing is actually being rewarded, more than growing simply for the sake of growth.

With banks failing is gold the way to go ? As part of our recent Gold Report we spoke with Jeffrey M. Christian of CPM Group.  

Mr. Christian: “If you look at the gold market itself, the single most important fundamental that’s been driving the price up has been very strong investment demand. Investors have been buying more gold in more parts of the world for a longer period of time than ever before in history. This is over the last eight years. “

Mr. Christian also forecasts strong investment demand for gold and a big shift on the part of central banks away from being large net sellers of gold to being large net buyers.

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In this  week’s issue of TWST we spoke to Heather Douglas  and Andrew Mikitchook of Thomas Weisel Partners Canada Inc. about Investing in Gold. For Heather it’s Kinross Gold that stands above the rest;

Ms. Douglas: Among the seniors, we have been recommending Kinross Gold. They’ve delivered two key projects in the last year, Kupol and Paracatu. They are in the process of delivering growth and now they are re-establishing an interesting pipeline with Fruta del Norte in Ecuador and Lobo-Marte in Chile. Kinross has a very nice operating margin, so their cash costs are quite attractive, and their valuation in our view is attractive relative to their peers

To unearth the full story be sure to read the entire 99 page report on Gold and Precious Metals which includes 1 analyst, 2 money managers, and 21 sector firms.  Also remember to follow us at Twitter at twst.com/wstranscript for exclusive content

As part of our special focus on Gold and Precious Metals, we spoke with analysts Heather Douglas and Andrew Mikitchook of Thomas Weisel Partners about the space. Their outlook for this space, for the near term  at least, was actually quite positive:

 Ms. Douglas: Our 12-month expectations are positive for gold. We are aware that the early summer months are usually a more sideways period for the commodity, and we view pullbacks as opportunities to re-enter. We’ve identified some interesting developers who, even if the gold price doesn’t move, have the opportunity of showing price appreciation as they advance their projects, have exploration success, and bring projects into production. So that’s our June 2009 view.

TWST: It sounds more positive than anything else.

Ms. Douglas: Still positive. For the generalists, I do recommend exposure to gold first and then extra work to look at the companies, to be familiar with the specific risks with each of the companies.

TWST: When you say gold first, how do you recommend they play it?

Ms. Douglas: It depends on the investor. The GLD ETF is obviously one way, but there are other ways for them to get only the gold exposure diversification they are seeking without the additional operating and country development risks associated with each of the companies.

For the complete Gold and Precious Metals issue, including a full interview with both Ms. Doulgas as well Mr. Mikitchook in addition to interviews CEOs of topic companies in the space, click here.