Company Overview and News
We wrap up our Year End Marketplace Roundtable series with the good stuff - authors' sharing some of their best ideas for 2018. (1203-10)
CRC trades at 3x FCF at $60/bbl Brent with the potential to trade to just 1x FCF at $70/bbl! The market remains overly pessimistic on oil prices. (30-1)
Seven of our Marketplace authors weigh in on the sector - especially oil and natural gas - where we've been and where we're headed in 2018. (20-0)
Granite Oil inherited the Ferguson Alberta Bakken trend from predecessor DeeThree, with the goal of being a stable cashflow-generating dividend distributor. (10-0)
There has been a lot of media coverage on why Canadian heavy oil (Western Canadian Select) is selling at a big discount.
* GEAR ENERGY LTD - 2018 BUDGET INCLUDES AN ESTIMATED 14 PER CENT PRODUCTION GROWTH WITH AN ANNUAL AVERAGE RATE OF 7,500 BOE PER DAY
With 4-weeks left to the end of 2017, will we see a surprise reversal in energy stocks? (4-0)
LONDON, UK / ACCESSWIRE / November 21, 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)
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.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton