Stock News and Filings Feed
It's obvious by now that WTI below $50 does not support the level of growth some had previously expected. Although the recent price decrease doesn't change 2017 production forecast much (producer guidance), the impact to 2018 production growth could prove to be meaningful if WTI stagnates below $50, which we think is unlikely going into year-end.
Investors should continue to focus on energy companies that 1) grow within cash flow, 2) are actively deleveraging, 3) have no dilutive deals, and 4) have shareholder-aligned incentives packages.
Opex/boe rose, however, from C$15.50 guidance to C$16.50/boe due to higher than expected Q2 operating costs from one-time spillage clean-up along with higher servicing costs.
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2017) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following second quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended June 30, 2017 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com.
The light oil improvements will lead to superior light oil profitability eventually. Already, profitability has materially improved.
Since the start of the year, concerns over a potential border adjustment tax led investors to switch from Canadian equities to US equities.
If U.S. shale producers spent within cash flow, year-over-year U.S. shale production growth would be just 400k b/d at $55 WTI.
For a primer on Gear Energy (GXE.TO, OTC:GENGF), please read our article, “ Gear Energy - Pounding The Table On Our Favorite Energy Position.”
Gear Energy owns 26 MMboe of 2P reserves as of end-2016. The stock has been shunned partly for its low reserve life index.
LONDON, UK / ACCESSWIRE / June 20, 2017 / Pro-Trader Daily has lined up these stocks for our daily research reports coverage. Before the markets open, Pro-TD makes a brief technical snapshot of select stocks with the Oil & Gas - E&P industry and that trades on the Toronto Exchanges. This Morning, our team have regrouped these stocks for study: Canadian Natural Resources, Bellatrix Exploration, Gear Energy, and MEG Energy.
We conclude our Energy Week by asking our Marketplace panelists for the bottom line about oil, natural gas, and their favorite energy idea.
Raging River is a small-cap oil company primarily concentrating on the Viking oil play in western Canada, with 531,359 net acres mainly in the Dodsland area.
Wilson Creek well results are above internal risk type curve, and 4 Wilson Creek wells represent 1,000 boe/d of production.
CALGARY, ALBERTA--(Marketwired - May 10, 2017) - Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated March 31, 2017 were elected as directors of Gear. The detailed results of the vote for the election of directors held at Gear's annual meeting of shareholders held today (the "Meeting") are set out below.
CALGARY, ALBERTA--(Marketwired - May 10, 2017) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following first quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2017 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com.
We believe Gear's share price could materially improve even in the face of flat oil prices as it reports better than expected drilling results and de-risks further drilling inventory.
LONDON, UK / ACCESSWIRE / April 28, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas - E&P industry. Companies recently under review include Canadian Natural Resources, Bellatrix Exploration, Gear Energy, and MEG Energy.
Next month's Q1 report will be an important inflection point for Gear as it reports on Wilson Creek results.
The oil sands production cut leads to an opportunity to buy heavy oil plays up North on the back of WCS spreads tightening.
WTI rallied another 1% today on the back of traders realizing that the OPEC and non-OPEC production cuts are impacting global storage.
LONDON, UK / ACCESSWIRE / March 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas - E&P industry. Companies recently under review include Gear Energy, Yangarra Resources, Chinook Energy, and Tourmaline Oil.
The beauty of investing is that it allows you to handicap the odds in your favor.
The latest sell-off in oil prices present an excellent time to buy Canadian oil companies that will thrive and survive even if oil prices remain lower for longer.
A backwardation in the oil price curve will bring in more passive investors and disincentivize producers to hedge.
We expect Gear's discount to its PV-10 NAV to close with additional de-risking of its oil reserve and higher oil prices.
2017-08-25 - Wilton
2017-08-25 - Wilton
2017-08-24 - Wilton