Shares of land-focused oil services firm NexTier Oilfield Solutions Inc. traded 27% higher after the company reported it expects Q4/21 revenues will be in the range of $500-510 million and advised that its 32-unit fracking rig fleet will be fully deployed in Q1/22.
Adrian Day, in the Global Analyst newsletter, discusses Franco-Nevada's diversification of royalty assets, as well as providing updates on other precious metals companies he follows, including one strong buy.
Research Capital Corp. advised that Canadian oil and gas explorer and producer Pan Orient Energy Corp. may be "getting out while the getting is good," and is exploring opportunities to exit from its assets in Thailand and Canada.
Plug Power Inc. shares traded 12% higher after the company reported it entered into a collaboration agreement with Phillips 66 to develop and advance low-carbon hydrogen business opportunities and additionally is joining forces with Airbus on efforts to decarbonize air travel and airport operations with green hydrogen.
Shares of multinational oilfield service company Weatherford International Plc. reached a new 52-week high after the firm reported preliminary financial results for Q3/21 featuring an expected 75% sequential increase in cash flow from operations and free cash flow.
CIBC World Markets Inc. commented in a research report that oil and gas producer Advantage Energy Ltd.'s capital spending plans are creating an intriguing free cash flow profile. The firm stated it is maintaining its "Outperformer" rating for Advantage and is increasing its price target for the firm's shares by CA$1.00 to CA$7.00 per share.read more >