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 >
SunTrust Raises Target on TAT
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NEAL DINGMANN, SunTrust Robinson Humphrey
(02/03/2011)
"Increasing Price Target on Better Defined Opportunities: Our higher forecasted 2012 CFPS coupled with a slightly increased price-target multiple (due to higher peer group) increases our price target for TransAtlantic Petroleum from $4.25–$5/share. Increasing Production, Earnings and Cash Flow Estimates: We believe the company has the acreage and equipment necessary to ramp production over 200% this year, provided solid execution. . .We see defined steps to reach over 10,000 boe/d by year-end. We are increasing our 2011 and 2012 production forecasts to over 7,500 and 11,000 boe/d vs. >3,700 and 7,800 boe/d previously. The higher production increases our 2011 and 2012 CFPS forecasts to $0.27 and $0.54 vs. $0.18 and $0.47 previously. Acquisition Provides Upside with Little Dilution: TransAtlantic announced it was acquiring Direct Petroleum Exploration, which has significant acreage—and gas potential—in Bulgaria and Morocco. The purchase bridges existing operations in Turkey and Romania with >600,000 acres in Bulgaria and consolidates existing Morocco operations with a higher working interest (100% vs. 50% prior)." |
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More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
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