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 >
AAV: Ahead of Schedule on Glacier Montney
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ROBERT FITZMARTYN, First Energy Capital
(11/29/2010)
"Advantage Oil & Gas Ltd. continues to advance its Glacier Montney project, though in the third quarter it became apparent that it is ahead of schedule. Further, we observed revised upward guidance coming out of the period. A strong resource footprint at Glacier continues to secure the investment thesis in the stock, forming the basis of our prior Top-Pick ranking. While we continue to appreciate how Advantage runs its business in virtually every fundamental category, growth through lean natural gas molecules places projected CFPS at only 3%, which is among the lowest in the group, noting that debt to forward cash flow exiting 2011e is pegged at 1.7x, which is above peer group averages. That said, we continue to highlight how the company is a significant free cash-flow generator within our forecast. We continue to rank Advantage as a Top Pick within the context of our natural gas price forecast." |
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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.
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