Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ALTURA ENERGY INC. We currently have 16 research reports from 1 professional analysts.
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ALTURA ENERGY INC
ALTURA ENERGY INC
Acquisition of Low Decline Oil Assets in East Central Alberta
29 Aug 16
Altura has entered into an agreement to purchase 125 boe/d (55% oil and liquids) of low decline (~10%) Upper Mannville production and 7.3 net sections of land for total cash consideration of $4.0 mm. The assets are 100% operated and located in the Killam area of Alberta, ~40 miles west of Wainwright, Alberta. Management estimates that the acquisition adds 12 Upper Mannville horizontal drilling locations based on current approved well spacing. The deal is accretive to CFPS. The Company’s 2H16e drilling program is unchanged. The Company retains an excellent financial position. There are no changes to our 12-month target price or ranking at this juncture.
Announces its Second Quarter 2016 Results
12 Aug 16
Altura reported second quarter financial and operating results slightly behind our estimates, though at this early stage the key components of its organic growth strategy remain intact. We have made no changes to our forward estimates at this juncture as Management reiterated a 7-well summer drilling program mainly focusing on its Klein North property, though testing some exploration concepts. We have reaffirmed our 12-month target price of $0.45 per share and Outperform ranking, noting a robust implied return and current valuation that is well below its oily small cap peer group.
2Q16e Quarterly Preview
26 Jul 16
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 reversed into summer, market likely to ignore financials for natural gas producers and look ahead to winter and formalization of sell-side 2018e estimates in coming months. Spot AECO natural gas prices recently crested C$2.60/mcf, and with a reasonable alignment of previously distressed NE BC Stn2 differentials, augmented by a withdrawal expected next week, view the market psyche as constructive and looking ahead, with the analogy that this market is shaping up to mirror 2012 still holding. That said, with crude oil poised to retest support levels, combined with strong stock price performance broadly observed YTD, we would characterize sentiment as slightly pessimistic in the near-term which could reduce or unwind momentum-based investment strategies that have worked thus far in 2016.
Announces First Quarter 2016 Results
13 May 16
Altura reported first quarter financial and operating results slightly behind our estimates, though exiting the quarter with a stronger cash position on lower capital outlays. We have made no changes to our forward estimates at this juncture as Management reiterated a 7-well summer drilling program mainly focusing on its Klein North property, though testing some exploration concepts. We have reaffirmed our 12-month target price of $0.45 per share and Outperform ranking, noting a robust implied return and current valuation that is well below its oily Small Cap peer group.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.
Conviction List Q1 2017
05 Jan 17
Since its inception in 2010, the Conviction List has outperformed the market in 11 of 19 periods and a reinvested Conviction List would have returned 260% against a Small Companies index that would have returned 194%. Our Conviction List returned 0.4% over the last quarter; this was set against the benchmark UK Small Companies index that returned 4.0% over the same period.
GMP FirstEnergy ― UK Energy morning research package
10 Jan 17
GeoPark (GPRK-NYSE) 1,6; BUY, US$6.50: 4Q16 operations update and production results | Northern Petroleum (NOP LN)1; SPEC. BUY, £0.10: Results of open offer | Serica Energy (SQZ LN) (not covered): Operations Update | Roxi Petroleum (RXP LN) (not covered): BNG Operational update in Kazakhstan | Tullow Oil (TLW LN); REDUCE, £2.90: Transaction in Uganda frees up cash for Kenya | Eco Atlantic (EOC CN) (not covered): Intention to list on AIM –