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: Something for Nothing
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KIM PAGE, Wellington West Capital Markets
(06/30/2010)
"Heavy oil asset sale supports RE's current valuation Daylight's $125mm sale of 2,300 boe/d at $54,350/boe/d substantiates Rock's current valuation without any consideration for lands at Elmworth. High recycle ratio attracting more interest in heavy oil assets At $75/bbl WTI pricing, heavy oil assets yield $30/bbl field netbacks, driving recycle ratios of 2.5x (+5x incl. new drilling incentives). Elmworth in heart of emerging Nikanassin trend—4 wells in H2/10 RE's 42,000 net acres includes both Nikanassin and Montney rights, with an estimated market value of ~$40mm at $1,000/acre or ~$1.35/shr. Reiterate Strong Buy rating and $7.50 target price Valuation is compelling, trading at 4.3x '11E EV/DACF vs. peers at 5.5x; Montney & Nikanassin acreage is great call option on gas price recovery." |
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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 >