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 >
EXXI's Davy Jones Still Strong
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CHRIS PIKUL, Morgan Keegan
(01/19/2011)
"Offshore exploration is vastly different than the shale revolution underway onshore in the U.S. Thus, as the ultra-deep exploration in the Gulf of Mexico unfolds for Energy XXI investors, a certain degree of patience and aplomb is called for. Following yesterday's update from McMoran (the operator of the Blackbeard and Davy Jones wells), it is easy to entertain pre-conceived notions of success or failure, resulting in knee-jerk reactions among investors. Thus, while EXXI shares were down only modestly yesterday, amidst what was overall a positive update in our opinion, the fact remains that we are still waiting for pivotal data from two key ultra-deep wells near-term. Given our proved-only NAV estimate of about $28 per share (on $90 oil), and discounted peer-group valuation multiples, we reiterate our Outperform rating and $40 price target on EXXI shares ahead of what remains significant potential from Davy Jones." |
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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 >