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 >
RE: Stayin' Heavy and Healthy
|
GRANT DAUNHEIMER, Dundee Securities
(05/11/2010)
"Rock reported Q1/10 production in line with our forecasts with higher operating costs countered by lower royalties. All in cash flow was 2% lower than expected. Rock exited the quarter with net debt of ~$32M on a recently expanded bank line of $50M providing ample financial flexibility to grow production through 2010/2011 Rock continues to demonstrate operational success over its enviable asset base characterized by both heavy oil and high impact natural gas opportunities. Rock will continue to focus the majority of activity on its heavy oil play given the strong netbacks associated with the program, while at the same time taking steps to de-risk their emerging Deep Basin Montney and Nikanassin plays. We believe Rock continues to offer investors access to one of a select few junior companies with a significant oil weighting, coupled with repeatable drilling prospects, a strong balance sheet and attractive valuations. We are maintaining our BUY rating and $5.75 target price." |
PRINT THIS PAGE
EMAIL THIS PAGE
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 >