Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on GEAR ENERGY LTD. We currently have 23 research reports from 1 professional analysts.
|15Feb17 21:37||MKW||Gear Energy Ltd. Announces Fourth Quarter and Full Year 2016 Operating Results|
|15Feb17 21:33||MKW||Gear Energy Ltd. Announces Year-End Reserves|
|28Mar16 22:07||MKW||Gear Energy Ltd. Announces $10 Million 2016 Capital Budget|
|18Feb16 00:19||MKW||Gear Energy Ltd. Announces Year-End Reserves|
|18Feb16 00:14||MKW||Gear Energy Ltd. Announces Fourth Quarter and Year-End 2015 Results|
|01Feb16 22:57||MKW||Gear Energy Ltd. Announces 2015 Operational Update and Revised 2016 Outlook|
|30Nov15 14:19||MKW||Gear Energy Ltd. Announces Closing of $25.8 Million Financing|
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GEAR ENERGY LTD
GEAR ENERGY LTD
Gear Energy Expands 2016e Drilling Program on Unchanged Budget
09 Sep 16
Corporate production levels reported to date for 3Q16e are consistent with our current estimate of ~5,460 boe/d. Capital cost reductions have made room for 2x additional heavy oil wells to be drilled before the end of the year and within the Company’s prior $12.5 mm budget. Gear remains on track to achieve its previously discussed exit target of 6,400 boe/d in December. Given no material changes to our near term outlook, we are maintaining our 12-month target price of $1.00 per share alongside an Outperform recommendation.
ANNOUNCES 2016 OPERATIONAL UPDATE
08 Sep 16
Impact: Positive. Outperformance and capital cost reductions at Gear's Wildmere and Paradise Hill properties will see the Company add 2x wells to its 2016e development program without increasing its 2016e budget, while remaining on track to achieve its prior exit rate of 6,400 boe/d.
Gear Reports Second Quarter Results
04 Aug 16
Gear reported second quarter financial and operating results that were ahead of expectations. The Company reiterates its intent to reinitiate drilling activities this summer with no changes to its guidance. There are no material changes to our 2017e forecast on receipt of its report, and as such our $1.00/sh 12-month target price and Outperform ranking are unchanged.
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.
Acquires Striker Exploration Corp
07 Jul 16
We are providing a revised forecast subsequent to a research restriction period following Gear’s $20.1 mm equity financing, issuing ~28.8 mm shares at $0.70/ sh concurrent with its announcement of its intent to acquire Striker Exploration Ltd., a smaller public corporate entity with assets in central Alberta, via a plan of arrangement that we value at ~$67 mm. Citing a markedly improved financial position, a compelling valuation and the resumption of its E&D efforts in 2H16e, we are increasing our 12-month target price to $1.00/sh and reinstating an Outperform ranking.
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.