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  • 07 Jan 20
Stifel FirstEnergy Morning Research Package

2020 Outlook

Companies: TNZ CNQ PXT SRX TOU TVE ENB PD K FM LUN TCN AIF ATA TCS ARE CCL/B SIS

  • 14 Aug 19
Reports 2Q19 results, third party facility outages drive 2019 outlook lower

Storm reported 2Q19 financial and operating results below GMPFE and consensus expectations (CFPS $0.10 vs. GMPFE $0.12 vs. recently lowered consensus of $0.12, which was $0.14 only three weeks prior). Volumes and CFO were negatively influenced by unplanned third party outages of ~2,000 boe/d during the quarter, with lower realized pricing and increased cash costs due to unutilized take or pay agreements only compounding the matter. While only mid-way through August, the company has communicated

Companies: Storm Resources Ltd.
  • 01 Mar 19
Reports 4Q18 results in line, strong operational update at Nig and Fireweed

Storm reported solid fourth quarter financial and operating results ahead of our expectations and slightly ahead of consensus (CFPS $0.25 vs. GMPFE $0.23 vs. consensus $0.24). Strong reserve costs consistent across all categories enabled Storm to deliver a cash recycle of 2.5x/2.2x/2.6x in the PDP/1P/2P categories which will be at or near the top of the bulk of the Intermediate/Mid/Small cap E&P space this year.

Companies: Storm Resources Ltd.
  • 09 Sep 16
Storm Announces Processing Agreement, Capex Acceleration

Storm announced a processing arrangement with Spectra, securing 65 mmcf/d of processing capacity at McMahon on favourable terms. Concurrently, it has accelerated its 2016e capex plans and lifted its 2017e growth forecasts. We have increased our 12-month target price to $6.50/sh from $5.25/sh on the maintenance of our prior 2017e EV/DACF target multiple. Decent stock price performance leading up to this announcement, coupled with market expectation that Storm could accelerate its program and i

Companies: Storm Resources Ltd.
  • 08 Sep 16
ANNOUNCES PROCESSING ARRANGEMENT AT UMBACH AND INCREASED 2017 PRODUCTION GUIDANCE

Impact: Positive. This processing arrangement and capex acceleration has 2017e volumes moving higher on $20 mm increase in 2016e capex and unchanged 2017e capital program, with Storm benefitting from reduced (15%-20%) operating costs. This is positive to our estimates, likely driving 2017e CFPS +20% higher. With this deal representing 55% of projected Umbach processing footprint come January 2017e, we view this as a bridge in the medium term as Storm works towards a longer term solution (ie. ope

Companies: Storm Resources Ltd.
  • 16 Aug 16
Reports Second Quarter Results

Storm reported second quarter financial and operating results that were in line with our and the market’s expectations. The Company has largely reaffirmed its 2H16e guidance and provided a preliminary 2017e outlook that is effectively in line with our prior view. It could accelerate efforts in 2H16e on confirmation of price recovery, and while its 2017e outlook implicitly offers a slightly lower growth target on lower investment than our prior forecast, there should be no surprises to market est

Companies: Storm Resources Ltd.
  • 26 Jul 16
2Q16e Quarterly Preview

Some Recovery on Segmented Cash Flow Generation Over Q1 Though Still Down 56% Y/Y. In aggregate, the Intermediate, Mid, and Small Cap groups are expected to generate 2Q16e cash flow of $1,281 mm, $183 mm, and $53 mm, or $1.517 billion in total, that while depressed relative to the same period last year (~$2.647 billion combined), is up 17% sequentially from the prior quarter, largely on the strength of crude oil price recovery in the period. Severely weak natural gas pricing picture markedly rev

Companies: AAV ARX BTE BNP CPG ERF POU PEY PGF PWT PSK VII TOU VET WCP BNE CJ CR DEE JOY KEL LTS NVA PPY PNE RRX RMP SRX SGY TET TNZ CKE GXE IKM LXE MQL PRQ SPE SKX TVE TVETF YO

  • 23 Jun 16
Intermediates, Mid Caps & Small Cap Commodity Price Update

With this publication we highlight forecast revisions associated with our commodity price update (Natural Gas Update; Crude Oil Update), reaffirming a view of commodity price recovery in 2017e. In the interim until then, 2016e Canadian oil price realizations are up ~11% in the synthetic and Edmonton Light streams, with heavy WCS crude up ~20% which is amplified by Canadian oilsands output curtailments. While 2016e Canadian natural gas prices are projected to be ~20% lower, we expect much of this

Companies: ARX CPG ERF TOU POU CJ PPY SRX LXE

  • 13 May 16
Reports First Quarter Results, Tempers 2016e Growth Initiatives

Storm reported first quarter financial and operating results that were in line to ahead of expectations. As telegraphed, Storm has formally reduced its capital investment outlook for 2016e once again in light of sustained weak natural gas prices, delaying the construction of its 3rd Umbach compression facility to April 2017e, now offering ~$40 mm capex for 2016e to achieve 15,500-16,000 boe/d and exit the year at 13,000-14,000 boe/d. We continue to believe the market will endorse the Storm busin

Companies: Storm Resources Ltd.
  • 12 May 16
1Q16 FINANCIAL AND OPERATING RESULTS

Neutral to slightly negative. Storm posted quarterly volumes slightly behind our forecast while cash flow came in 7% higher on lower cash costs and better realized pricing. As previously communicated to the market in terms of potential future moves, Management has elected to reduce 2016 capital and production volumes in light of an ongoing weak natural gas tape. While our near-term estimates will be moving lower, a minimalist capital program that includes the deferral of the 3rd Umbach facility

Companies: Storm Resources Ltd.
  • 26 Apr 16
Intermediates, Mid Caps & Small Caps

With this publication we briefly summarize our projections for 1Q16e quarterly results for the Junior E&P (Intermediate, Mid & Small Cap) segments of our coverage universe

Companies: AAV ARX BTE BNP CPG ERF POU PEY PGF PSK VII TOU VET WCP BNE CJ CR DEE JOY KEL LTS LRE NVA PPY PNE RRX RMP SRX SGY TET TNZ CKE GXE IKM LXE ROAOF MQL RE SPE SKX TVE TVETF YGR YO

  • 12 Apr 16
Domestic E&P Statistical Package and FD&A Review

With this publication we highlight various metrics and statistics forthcoming from yearend reserve books for our Domestic E&P coverage universe (Integrateds, Large Cap, Oilsands, Intermediate, Mid Cap, and Small Cap). Similar charts for YE2014 reserves can be found in our Statistical Package dated April 7, 2015.

Companies: AAV ARX BTE BNP CPG ERF POU PEY PGF PWT VII TXP VET WCP BNE CJ KEL LTS LRE NVA PPY PNE RRX RMP SRX SGY TET TNZ BXO CKE GXE IKM LXE MQL SKX TVE TVETF YGR YO

  • 29 Feb 16
Year-End Results and Strong Reserve Book, Lower 2016e Outlook on Natural Gas Price Deterioration

Storm reported fourth quarter nancial and opera ng results that were in line to ahead of our expecta ons. Further, the Company’s year-end reserve book was a highlight, characterized by markedly strong PDP reserve growth and excep onal FD&A costs across each category. As an cipated, Storm has formally reduced its 2016e capital investment outlook for 2016e, delaying the construc on of its 3rd Umbach compression facility to 4Q16e, now o ering $80 mm capex for 2016e to achieve 15,500-16,000 boe/d.

Companies: Storm Resources Ltd.
  • 26 Feb 16
ANNOUNCES 2015 FINANCIAL, OPERATING AND RESERVES RESULTS

Impact: Slightly positive. The Company posted quarterly results ahead of our thinking while prudently reducing its 2016e outlook, which is now more in line to notionally ahead of our existing outlook. Storm managed to grow its reserve book y/y while posting strong FD&A metrics.

Companies: Storm Resources Ltd.
  • 08 Feb 16
Intermediate/Mid/Small Cap Commodity Price Update Impact

With this publication we highlight forecast revisions associated with our crude oil commodity price update. Concurrent within a dynamic time for E&Ps, some of which have already begun the process of 2016 capital budget downdrafts, revised estimates attempt to directionally capture a shift towards capital conservation, though severely weakened futures curves have influenced our thinking for the better part of 6 months anyway. We expect further capital investment reductions forthcoming from E&Ps i

Companies: AAV ARX BNP CPG ERF POU PEY SPE SGY TVE TOU VET GXE KEL NVA PPY BTE PGF PSK PWT VII WCP BNE CJ CR DEE JOY LTS LRE PNE RRX RMP SRX TET TNZ BXO CKE IKM LXE ROAOF MQL RE SKX TVETF YGR YO

Storm Resources Ltd.

Company Profile

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Storm Resources Ltd.. We currently have 34 research reports from 2 professional analysts.

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  • 29 Apr 22
LIBERUM: Sylvania Platinum* - Production uplift coming


Companies: Sylvania Platinum Ltd.
  • 09 May 22
IOG - Forecast and valuation update

Forecast and valuation update

Companies: IOG PLC
  • 16 May 22
WH Ireland: Jubilee Metals (JLP) - Operational update

Jubilee today provides an operational update on the ongoing commissioning at the new Inyoni chrome and PGM plants with Jubilee building up to steady state production for nameplate capacity of 1.2Mt chrome concentrate and 44koz PGM production per year. Remember processing chrome creates the upgraded PGM tailings for Jubilee to recover the PGMs (Jubilee being paid a small margin to preconcentrate its own feed) and with the expanded Inyoni there is no need to share the PGM revenues via a JV struct

Companies: Jubilee Metals Group PLC
  • 03 May 22
IOG - Operational update

Operational update

Companies: IOG PLC
  • 28 Apr 22
WH Ireland: Alien Metals (UFO) - Strong progress made; more to come

Alien Metals has compiled a portfolio of high-profile, high-potential projects incorporating several commodities in two Tier 1 Mining jurisdictions. It is developing two DSO iron ore projects in Australia at Hancock and Brockman in the Pilbara of Western Australia. It also has a large historic undeveloped PGM resource at the Munni Munni project that encompasses the high-grade silver deposit at Elizabeth Hill and the polymetallic mineralisation that is yet to be properly defined, also in Australi

Companies: Alien Metals Ltd
  • 04 May 22
Active Net Zero Clean Energy Index - Recent Performance

In this note, we review the recent performance of the Active Net Zero Clean Energy Index. We also take a deeper dive into the composition of the Index in terms of market cap, constituent end market / business model and, finally, geographic exposure.

Companies: ATOM ADN DRX EQT GSF ITM IES NESF PHE SAE SIT STRLNG TLG VLS

  • 11 May 22
Site Visit Report

Last week Tamesis visited a number of Tharisa PLC's assets including the Tharisa Mine and Arxo Metals Beneficiation Site (AMBS) in South Africa and the Karo Platinum Project in Zimbabwe. Overall it was an extremely well received trip with evidence of efficiency improvements at the Tharisa mine, unexpected cash generation from the Vulcan Plant, further cash from the Salene Chrome Plant and, it also impressed on us that the Zimbabwe risk to the build out of Karo is lower than the market perhaps th

Companies: Tharisa Plc
  • 21 Apr 22
Hybridan Small Cap Feast 21/04/22

What’s cooking in the IPO kitchen? Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other forms of “new media”, Investment research providers, Financial PR, IR, design and marketing agencies, Production studios and visual content prov

Companies: BSE CFX DPP EOG SEE SOLI SML

  • 16 May 22
WH Ireland: Pantheon Resources (PANR) - Rig Contracted to Drill Alkaid #2

Pantheon Resources announced that it has contracted a rig (the Nabors 105AC) to the Alkaid #2 well, which the company indicated is scheduled to spud in July 2022. The company indicated that if the well is successful, Pantheon Resources will commence a long-term production test and truck and sell the produced oil to a nearby North Slope facility.

Companies: Pantheon Resources plc
  • 06 May 22
Sylvania Platinum - Forecasts unchanged and outlook improved

Sylvania’s end March 2022 cash balance improved by 25.5% to US$138m and Q322 revenue increased by 17% as a result of higher platinum group metal (PGM) prices. Production improvement was slower than expected, which put pressure on unit costs over the quarter. Most of the operational issues of Q322 have now been or are almost resolved, with the company expecting a ‘significant increase’ in production in the fourth quarter. The Lesedi plant is back in full production and the Mooinooi plant’s run-of

Companies: Sylvania Platinum Ltd.
  • 09 May 22
Morning Note – 9 May 2022


Companies: 4BB FOUR ARB IOF

  • 06 May 22
Auctus on Friday - 06/05/2022

Imperial Helium (IHC CN)C; Under review: Merger with Royal Helium to build a material player with discovered resources and huge upside - Imperial Helium is merging with Royal Helium with Imperial Helium shareholders set to hold ~30% of the combined entity. The share exchange ratio suggests a 10% premium to the Imperial Helium share price on the day prior to the announcement. Shareholders will vote on the transaction in June with completion expected in the 2nd half of June. Management, insiders a

Companies: XOM XOM TRIN SHEL RBD OEX NOG MATD ALV ALV IOG GTE FEC EQNR EQNR ENOG BP/ IHC PEN PEN SDX EGY

  • 12 May 22
SHORE CAPITAL - TOUCHSTONE EXPLORATION+ (TXP, 86p, House Stock) – Strong performance from legacy oil portfolio confirmed in first quarter results; pressing on towards initial gas production from Coho in June; forecasts maintained


Companies: Touchstone Exploration Inc
  • 11 May 22
WH Ireland: i3 Energy (I3E) - Dividend Increase

i3 Energy announced that it is increasing its minimum dividend to be paid in 2022 by 25% to £14.784m. The increase will be implemented by increasing the monthly dividend.

Companies: i3 Energy Plc
  • 12 May 22
WH Ireland: ARC Minerals (ARCM) - Signing a significant JV agreement with Anglo American

ARC has announced it has signed a JV agreement with Anglo American (LSE:AAL, Market Cap $45bn) over its Zambian licences. This has long been in the offing and we view the terms as advantageous to Arc and a validation of the prospectivity that it (and we) see in its licences. The headline JV payments are staged but could ultimately lead to Anglo owning 70% of the licences, by investing $74m in exploration and paying Arc $14.5m. The licences will be held under a JV which will have an initial ow

Companies: ARC Minerals Limited