HTM does not have a structured offering; we empower our analysts to identify and appraise emerging themes using our own purpose-built tools. These systems allow us to chase signal, no matter how miniscule it may seem. From a road application to a license transfer, we leave no data point unconsidered and spare no expense pursuing a near-flawless understanding of the theses we craft. Our steadfast focus on asset quality from both a granular, and holistic long-term value perspective is completely unique and drives better investing outcomes than short-term cashflow motivated views.
We use our exceptional research work to then aid clients in manufacturing ways to express our theses in the public and private markets with the best risk-reward their mandate affords. We aim to deliver long-term outperformance with a more thorough, and earlier appreciation of where the best opportunities in the WCSB are forming. Our differentiated, geology-first approach more confidently and correctly values assets and outcomes, which is only supplemented by our willingness to think over multiple years, not quarters. HTM's independence allows us to discuss the facts we uncover unfettered by banking relationships.
What you won't find from HTM is basin overview, and other generalist-type research — our work is very specialized and selective. We view our work as complementary to street research, rather than a replacement. As such, we do not provide materials like comp sheets, nor price targets and buy-sell-hold recommendations.
Below we provide a brief overview of our research offering. To learn more about the technology that powers our work, and our fundamental outlook on why we think HTM's process is best, please visit the About our Research page. To better appreciate how our differentiated process keeps clients more confidently informed, please browse our Public Insights.
The foundation of HTM's offering is our completely unique and actionable insights into the quality of Canadian oil and gas assets. We're relentlessly focused on what drives value in the sector, and how those factors are evolving for better or worse. Our process works from the ground up to justify valuations, rather than using valuations and price action to explain geology.
We concentrate our efforts where we believe geologic excellence isn't being reflected in equity or transaction valuations. Our research is beholden to no issuer and our expertise spans Western Canada; from the Montney to the McMurray, to the Midale, we track every inch of the basin.
We consider and monitor hundreds of data streams to train, build, and feed our models. Both public data; and exclusive feeds that track surface activity we've built and interpret ourselves using optical and infrared satellites. Our news feed is completely unique in the fact it doesn't pull from newswire services; rather it's strictly focused on leveraging the observability of the businesses we cover to aggregate and infer activity, chasing minor signals to uncover bigger stories and emerging themes.
We filter this data, and point the key signals towards clients so they can know what's happening in the basin first, react faster, and allocate with more confidence. The news feed serves to continually validate, or disprove the theses we've crafted, and is accompanied with analyst commentary, so there's never a question as to what the impact may be.
Our maps distill billions of data points into digestible and approachable media, with answers, not data. Our maps feature an exhaustive library of analyst insights directly accessible inside the portal; explaining to the user what they're looking at, and why it matters. Our maps provide relevant interpretations that clients love, helping them not only better appreciate the assets they're buying, but visually monitor activity in real time with satellite tracking integration across key projects.
Our maps also integrate our exclusive datasets — including bench breakdowns, full land layers and working interest attributions, economic acreage tiering, inventory figures, drilling rig, frac fleet and flowback tracking, midstream infrastructure, well tests, monthly production data, and much more; giving clients the option to access the raw data we're using to craft our theses.
HTM's Principal Analyst discusses the emerging West Shale Basin. May 15, 2025.
Ultimately, our goal is not to provide raw uninterpreted data; it's to help our clients understand where we think the opportunity lies, and why we think there's an opportunity at all. We're not selling our clients banking and trading services; we're selling them conviction in the geology. Because we are consistently early in identifying themes, we use every medium to fully explain our theses in a technical, yet approachable manner.
We offer hundreds of hours of easily digestible video content that defines expectations for emerging upstream plays, discusses drilling and completions designs in detail, identifies areas for improvement within operator portfolios, and otherwise chronicles what we feel are the most important facts and themes to appreciate in the plays and fairways we cover.
Part of our research involves field visits and other scouting trips that we share with clients in lecture format, and via a monthly webinar.
We have diligently archived, and annotated, decades of corporate presentations, marketing flyers, press releases, and a plethora of other corporate documents.
We have diligently archived, and annotated, decades of corporate presentations, marketing flyers, press releases, and a plethora of other corporate documents.
We have diligently archived, and annotated, decades of corporate presentations, marketing flyers, press releases, and a plethora of other corporate documents.
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© HTM Partners 2025
Calgary, Alberta