Research, Charts & Company Announcements
Research Tree offers SEVEN GENERATIONS ENERGY - A research coverage from 1 professional analysts, and we have 38 reports on our platform.
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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.
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