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 >
Continued Growth Expected for RE
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TODD KEPLER, Cormark Securities Inc.
(05/11/2010)
"Last night, Rock Energy released its financial and operating results for Q1/10. Reported production of 3,524 BOE/d was in line with our 3,515 BOE/d forecast, while Q1 cash flow of $7.0 MM ($0.21 per share f.d.d.) was just slightly below our estimate of $7.5 MM ($0.22 per share f.d.d.). Over the quarter, the company expended a total of $13.7MM resulting in year-end net debt of $32.0MM. The company remains poised for growth for the rest of 2010 with plans to drill 19 additional heavy oil wells and five natural gas wells. This activity is expected to grow Rock's production to between 4,400 and 4,600 BOE/d by year-end with approximately 70% of production being weighted to crude oil. Rock Energy continues to exhibit a strong financial position with a steady cash flow stream and healthy balance sheet (1.1x 2010 debt-to-trailing cash flow). We maintain our Buy rating and a target price of $6.00 (5.1x 2010 EV/DACF)." |
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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 >