Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on NIGHTHAWK ENERGY PLC. We currently have 6 research reports from 1 professional analysts.
|24Jan17 07:00||RNS||Production Update|
|18Jan17 04:37||RNS||Price Monitoring Extension|
|12Jan17 07:00||RNS||Operations Update|
|03Jan17 07:00||RNS||Company Update|
|21Dec16 04:35||RNS||Price Monitoring Extension|
|16Dec16 07:00||RNS||Monarch JDA Settlement Agreement|
|12Dec16 04:35||RNS||Price Monitoring Extension|
Frequency of research reports
Research reports on
NIGHTHAWK ENERGY PLC
NIGHTHAWK ENERGY PLC
Funded to initiate Waterflood Pilot
04 Aug 16
We maintain our Buy rating on Nighthawk Energy and 7p target price following encouraging recent developments, particularly on funding and progress with the Arikaree Creek Waterflood Pilot project, which demonstrate the strong support of existing shareholders and the quality of the underlying assets. Nighthawk has an attractive portfolio of low-cost, conventional production and development assets in the Denver-Julesberg basin, one of the more underdeveloped hydrocarbon provinces remaining onshore US.
03 Feb 16
We reiterate our Buy rating and revise our target price to 7p following the recent production and revenue guidance update. Nighthawk has endured a challenging few months with poor drilling results from its Monarch JV assets and a reduction in its RBL borrowing base. Its near-term focus on operational efficiency and cash preservation should however set the company up well to take advantage of its low cost, high return conventional production and development assets as the macro-environment improves through 2016.
RBL redetermination not an issue
04 Nov 15
We reiterate our Buy rating and retain our 12.5p price target following news of a redetermination of the borrowing base under the RBL the company has with the Commonwealth Bank of Australia. Nighthawk as adequate liquid funds to meet potential repayments and to fund the remaining wells under the 2015 drilling programme. As we highlighted in our recent note “A turning point for the E&P sector”, we are positive on oil and the E&P sector and would buy into any weakness in the share price on the back of this news.
Oil & Gas - A turning point for the E&P sector
28 Oct 15
We suggest that, following 4½ years of underperformance, the E&P sector is set for a sharp recovery relative to the market. We think that this will be driven by a dramatic reversal in E&P margins, as a recovery in oil prices coincides with reductions in upstream costs, similar to what happened in 2003/04 (following the consolidation of the majors) and 2009/10 (post the financial crisis). We focus our stock recommendations on our corporate clients – Andes Energia, Nighthawk Energy and Oilex - but acknowledge that the entire sector should participate in the recovery.
Profitable even at these low oil prices
05 Oct 15
We reiterate our Buy rating and 12.5p target price on Nighthawk Energy following a solid set of interim results. Nighthawk is focused on low-cost, conventional oil production from an underdeveloped onshore province in the US. The company remains profitable, even at these low oil prices, and, following the successful convertible loan issue, is funded to drill new wells that can drive production and cash flow growth in the near term. Nighthawk is currently trading at a 25% discount to core NAV.
Back on the growth path
03 Sep 15
We reiterate our Buy rating and increase our target price for Nighthawk Energy to 12.5p as drilling recommences on its 100%-owned and JV properties in the DJ basin in Colorado, following the successful US$10m convertible loan issue which was completed in mid-August. Nighthawk enjoys excellent well economics and offers significant production and cashflow growth from conventional assets in a hydrocarbon province that is underexplored and underdeveloped relative to many other basins in the US.
GMP FirstEnergy ― UK Energy morning research package
06 Dec 16
Transglobe Energy (TGL CN); BUY, C$5.25: Homeward bound… back to Canada | Great Eastern Energy Corporation (GEEC LN) (not covered): Reserves update in India | BP (BP LN) (not covered): Acquiring interest in Tangguh in Indonesia | Exillon Energy (EXI LN) (not covered): Production update in Russia | Genel Energy (GENL LN); SPECULATIVE BUY, £2.60: Receipt of payment for Taq Taq export in Kurdistan | ExxonMobil (XOM US) (not covered): Relinquishing blocks in Kurdistan
16 Jan 17
We take a look at the rankings of the various countries in Africa that have a significant exposure to mining. We take the Transparency International corruption rankings as our starting point and modify these for exceptional geology and for current UK government travel warnings. Ghana, Botswana and Namibia come out as our top three, with Eritrea, Kenya and Zimbabwe at the bottom of our rankings.
19 Jan 17
Aggregated Micro Power* (AMPH): Funding for first peaking power plant project (CORP) | The Mission Marketing Group* (TMMG): Positive trading update (CORP) | Cello (CLL): Increasingly backed by, and leveraging, technology (BUY) | 4imprint (FOUR): Growth backed by strong cash flow continues (BUY) | Allergy Therapeutics (AGY): Positive trading update and market share gains drive upgrades (BUY) | Shanta Gold (SHG): Q4 operating results (BUY) | Sound Energy (SOU): Tendrara extended well test result (BUY) | Revolution Bars (RBG): Price target increase (BUY)
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.
Small Cap Breakfast
19 Jan 17
SuperAwesome — The London based specialist in e-compliance is considering an IPO in its home town according to City A.M. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January