Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SEVEN GENERATIONS ENERGY - A. We currently have 38 research reports from 1 professional analysts.
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SEVEN GENERATIONS ENERGY - A
SEVEN GENERATIONS ENERGY - A
ADVANCES MARKET ACCESS INITIATIVES THROUGH LNG EXPORT DEVELOPMENT AGREEMENT
19 Sep 16
Impact: Although full development of Steelhead's LNG projects is expected to materialize over a longer time horizon, we view Seven Generation's proactive approach to adding and diversifying market access for its liquids-rich natural gas stream positively.
CLOSES ACQUISITION OF KAKWA MONTNEY NEST ASSETS, ANNOUNCES INCREASE TO CREDIT FACILITY
18 Aug 16
Impact: Neutral to slightly positive. Seven Generations increased borrowing capacity of $1.1 billion, in addition to an estimated $600 mm working capital following the Kakwa acquisition, provides available funding far in excess of the Company's 2H16e capital plans as well as our current 2017e outlook, giving the Company flexibility over the balance of this year to potentially increase capital investment and deliver production growth above our forecast.
2Q16 Results Outpace Expectations
05 Aug 16
Second quarter CFPS of $0.66 was materially higher than FirstEnergy’s forecast of $0.51 and consensus estimates of $0.46. Even adjusting the quarter for positive one-time items, normalized CFPS of $0.56 was still an impressive beat. 2Q16 production volumes topped our forecast by 2% and was led by liquids contribution of 59% (FirstEnergy: 57%), which, when coupled with persistently stronger than expected realized natural gas prices, led to the cash flow outperformance. 2Q16 production volumes topped our forecast by 2% and was led by liquids contribution of 59% (FirstEnergy: 57%), which, when coupled with persistently stronger than expected realized natural gas prices, led to the cash flow outperformance
ANNOUNCES 2Q16 FINANCIAL RESULTS AHEAD OF EXPECTATIONS
04 Aug 16
Impact: Positive. Seven Generations 2Q16 financial results were stronger than our forecast on all measures, particularly for cash flow that, after adjusting for one-time items, was still significantly better than our estimate as well as consensus forecasts.
Expands Nest with Musreau Assets Out of Paramount
27 Jul 16
Seven Generations adds 30,000 boe/d, 2P reserves of 293 mmboe, 310 net sections (155 net Montney sections), and 240 mmcf/d of incremental takeaway capacity through the purchase of Paramount Resources’ Musreau assets in a cash, share, and debt assumption deal worth a combined $1.9 billion. Our proforma outlook highlights the deal as 2% and 3% accretive to CFPS in 2016e/2017e respectively, while our RENAV estimate grows to $36.53 per share. Given the increase to our cash flow and reserve/resource value forecasts, we are increasing our target price to $33.00 per share (previously $30.00 per share) while reaffirming an Outperform ranking.
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.
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.
24 Apr 17
Lok’nStore* (LOK): Growth supported by a strong balance sheet (CORP) | Mortice* (MORT): UK acquisition (CORP) | Avacta* (AVCT): Another milestone – 1st non-therapeutics licence (CORP) | Petra Diamonds (PDF): Trading update and Q3 results (BUY) | Nasstar* (NASA): Growth and margin focus (CORP)