Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on LONG RUN EXPLORATION LTD. We currently have 30 research reports from 1 professional analysts.
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Research reports on
LONG RUN EXPLORATION LTD
LONG RUN EXPLORATION LTD
ANNOUNCES RECEIPT OF INVESTMENT CANADA APPROVAL
22 Jun 16
Impact: Positive. Regulatory approval under the Investment Canada Act removes a significant hurdle for the deal and should serve to bridge part of the gap between the current market price and the cash bid price of $0.52 per share implied under the deal.
Domestic E&P Statistical Package and FD&A Review
12 Apr 16
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.
Reports Year-End Results, Arrangement Set to Close by End of April
11 Mar 16
We view Long Run’s year-end results largely as a non-event in the context of the previously announced sale of the Company to Calgary Sinoenergy Investment Corp. Fourth quarter results saw production that was largely in line with our thinking, while cash flow was ahead primarily on lower royalties and production costs. Year-end reserves were down in all categories, reflecting lower commodity prices and a muted capital program in 2015. In light of the pending sale of the Company, Management has not provided any guidance for 2016e with little to no activity planned in the near term until closing of the Arrangement. We have maintained both our Tender ranking and $0.52 per share target price.
27 Mar 17
Elecosoft* (ELCO): Steadily building profits (CORP) | Bioventix* (BVXP): Interim results lead to upgrades (CORP) | Hurricane Energy (HUR): Halifax discovery (BUY) | KBT Business Technology* (KBT): interims and contract win (CORP) | Independent Oil & Gas* (IOG): Licence updates (CORP)
Strong trading leads to upgrades
22 Mar 17
On the back of today’s positive trading update and slightly upgraded profit forecasts for FY2017, FY2018 and FY2019 we have reviewed our DCF analysis. This has led to an increased DCF valuation per share of 1500p (from 1200p) which we have made our new target price (from 1200p). Both TFP and JC Paper have contributed to the upgrades shown in the table below as have favourable currency movements. With the potential for further upgrades due to capitalising 3DP costs to come we maintain our Add recommendation.
GMP FirstEnergy ― UK Energy morning research package
27 Mar 17
Amerisur Resources (AMER LN)6; HOLD, £0.30: Reduced 2017e production outlook and year-end 2016 reserves | Condor Petroleum (CPI CN)8 ; BUY, C$3.50: Reports 4Q16 results and remains on track for first production from Turkey in mid-2017e | Hurricane Energy (HUR LN) (not covered): Halifax well update in the UK | Cairn Energy (CNE LN): BUY, £2.90: Update on the VR-1 well in Senegal by Far (FAR AU) (Not covered) | Royal Dutch Shell (RDSA/B LN) (not covered): Divestment of Gabonese assets
Small Cap Breakfast
21 Mar 17
First Sentinel—Investment company expecting NEX admission/introduction on 24 March. £636k raised pre-IPO. BioPharma Credit—Expected Gross Initial Acquisition Proceeds now c.$338m. Gross Cash Proceeds capped at $423m with placing and open offer. Results expected 23 March with admission now due 30 march. Tufton Oceanic Assets- The Company intends to invest in a diversified portfolio of second hand commercial sea-going vessels where the Investment Manager believes that an attractive opportunity exists in shipping. $150m raise. Admission 3 April.