Company Overview and News
Relative performance is also breaking out putting momentum on the side of energy equities for the first-time in 2017. (4-0)
LONDON, UK / ACCESSWIRE / October 5, 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 has regrouped these stocks for study: Canadian Natural Resources, Bellatrix Exploration, Gear Energy, and MEG Energy. (32-1)
See the end of the post for my full portfolio breakdown and the last four weeks of trades. (81-5)
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.
2017-10-28 - Wilton
2017-10-25 - Wilton
2017-10-10 - Wilton
2017-10-09 - Wilton
2017-08-25 - Wilton