The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
C. K. Cooper Reiterates BUY Rating on RIG
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LEWIS KREPS, C. K. Cooper & Company
(05/06/2010)
"Transocean reported first quarter earnings of $2.22 per share beating the consensus estimate of $2.10 per share and slightly above our estimate of $2.21 per share on revenues of $2.6 billion. Transocean estimates the Horizon incident should impact the company by $200 million in expenses related to the deductibles, increased insurance costs, and legal fees. Our 2010 earnings estimate is lowered to $8.40 per share from $9.05 per share. Our 2011 earnings estimate is now $11.00 per share down from $11.30 per share. We have assumed excess cash flow above debt repayment to be used to purchase shares. We reiterate our BUY rating with a new target price of $132 (down from $137.00), which is determined by using a PE-ratio of 12X to 2011 estimated earnings of $11.00 per share. The upside potential of over 80% justifies our rating and investors should use the negative news to build positions now. Transocean has now given an estimate for the cost for the Horizon situation, so the unknown about the stock is now gone." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >