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Now Is an Opportune Time To Invest in Diverse Energy Co.
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Despite ongoing positive news, this firm's stock price is down 23% from its July high, noted an Atrium Research report.

Jericho Energy Ventures Inc. (JEV:TSX.V; JROOF:OTC; JLM:FSE) announced three important developments, seemingly ignored by the market, during this month of September, Atrium Research analyst Nicholas Cortellucci in a September 26 research note.

Good Time To Buy

Accordingly, Atrium reiterated its CA$0.50 per share target price on the Canadian energy company, now trading at CA$0.255 per share, Cortellucci noted.

The difference between the current and target prices implies a significant return for investors of 96%.

Cortellucci also pointed out that Jericho's stock price is down 23% from its high of CA$0.33 per share in July, despite ongoing positive news since.

"We view the pullback as a buying opportunity ahead of boiler sales orders," the analyst added.

Jericho remains a Buy.

New Catalysts Lasts Longer

Most recently, durability testing on H2U's new iridium-free catalyst showed strong results, Cortellucci reported. H2U is Jericho's portfolio company of which it owns 6.5%.

Testing showed the new catalyst has a projected lifetime of 25,000 hours, which compares to the 1,000−1,500 hours with current iridium-free catalysts. Thus, H2U's catalysts are projected to last at least six years when used for certain applications.  Testing involved operating the new catalyst continuously for 4,000 hours and at a ten times higher density.

"[These results] represented a significant milestone on H2U's path to addressing bottlenecks in the sustainable hydrogen supply chain that uses proton exchange membrane electrolyzers," Cortellucci wrote.

Green Hydrogen Supplier Secured

In other news, reported Cortellucci, Jericho's partner in the European Union, Exogen, signed a memorandum of understanding on September 19 with Lhyfe SA, a green hydrogen producer and supplier. Lhyfe will supply Exogen with hydrogen for its hydrogen steam plant, equipped with Hydrogen Technologies' zero-emissions DCC boiler.  

"Lhyfe also plans to build and operate green hydrogen production facilities for the combined product offering," noted Cortellucci.

Another Patent Received

Lastly, on September 12, Hydrogen Technologies, developer of the DCC boiler, was granted another patent in the U.S. for it, reported Cortellucci. Two other related patent applications are pending with the U.S. Patent and Trademark Office.

What To Watch For

Along with orders for the DCC boiler, Cortellucci indicated that near-term stock catalysts include drill results and production growth from its joint venture oil and gas assets in Oklahoma, as well as any funding awards by the government.

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Important Disclosures:

  1. Jericho Energy Ventures Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Jericho Energy Ventures Inc.
  3. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
  4. The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

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Disclosures for Atrium Research, Jericho Energy Ventures Inc., September 26, 2023

Analyst Certification Each authoring analyst of Atrium Research on this report certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst’s personal, independent and objective views about any and all of the designated securities discussed (ii) no part of the authoring analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in the research, (iii) to the best of the authoring analyst’s knowledge, she/he is not in receipt of material non-public information about the issuer, (iv) the analyst does not own common shares, options, or warrants in the company under coverage, and (v) the analysts adhere to the CFA Institute guidelines for analyst independence.

About Atrium Research Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. General Information Atrium Research Corporation (ARC) has created and distributed this report. This report is based on information we considered reliable; we have not been provided with any material non-public information by the company (or companies) discussed in this report. We do not represent that this report is accurate or complete and it should not be relied upon as such; further any information in this report is subject to change without any formal or type of notice provided. Investors should consider this report as only one factor in their investment decisions; this report is not intended as a replacement for investor’s independent judgment. ARC is not an IIROC registered dealer and does not offer investment-banking services to its clients. ARC (and its employees) do not own, trade or have a beneficial interest in the securities of the companies we provide research services for and does not serve as an officer or Director of the companies discussed in this report. ARC does not make a market in any securities. This report is not disseminated in connection with any distribution of securities and is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. ARC does not make any warranties, expressed or implied, as to the results to be obtained from using this information and makes no express of implied warranties for particular use. Anyone using this report assumes full responsibility for whatever results they obtain. This does not constitute a personal recommendation or take into account any financial or investment objectives, financial situations or needs of individuals.

This report has not been prepared for any particular individual or institution. Recipients should consider whether any information in this report is suitable for their particular circumstances and should seek professional advice. Past performance is not a guide for future results, future returns are not guaranteed, and loss of original capital may occur. Neither ARC nor any person employed by ARC accepts any liability whatsoever for any direct or indirect loss resulting from any use of its research or the information it contains. This report contains "forward looking" statements. Forward-looking statements regarding the Company and/or stock’s performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. Such statements involve a number of risks and uncertainties such as competition, technology shifts, market demand and the company’s (and management’s) ability to correctly forecast financial estimates; please see the company’s MD&A “Risk Factors” Section for a more complete discussion of company specific risks for the company discussed in this report. ARC is receiving a cash compensation from Jericho Energy Ventures Inc. for 12-months of research coverage. ARC retains full editorial control over its research content. ARC does not have investment banking relationships and does not expect to receive any investment banking driven income. ARC reports are primarily disseminated electronically and, in some cases, printed form. Electronic reports are simultaneously available to all recipients in any form. Reprints of ARC reports are prohibited without permission. The information contained in this report is intended to be viewed only in jurisdictions where it may be legally viewed and is not intended for use by any person or entity in any jurisdiction where such use would be contrary to local regulations or which would require any registration requirement within such jurisdiction.

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