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.
|02Dec16 04:35||RNS||Price Monitoring Extension|
|30Nov16 07:00||RNS||Production Update|
|16Nov16 04:40||RNS||Second Price Monitoring Extn|
|16Nov16 04:35||RNS||Price Monitoring Extension|
|11Nov16 10:15||RNS||Update re Water Flood Pilot Project|
|01Nov16 07:00||RNS||Update re Water Flood Pilot Project|
|30Sep16 07:00||RNS||Half-year Report|
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.
30 Nov 16
Abzena (ABZA): Interim results indicate happy customers (BUY) | Horizonte Minerals* (HZM): Fund raise completed (CORP) | SacOil* (SAC): Half-year trading statement (CORP) | Revolution Bars (RBG): New openings (BUY) | Amino Technologies* (AMO): Multi operator FUSION roll out (CORP)
Small Cap Breakfast
29 Nov 16
Asia Pacific Investment Partner - the research-driven emerging and frontier markets real estate development business intends to float on AIM and conduct a placing in December RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m Diversified Oil & Gas— Schedule One now out. $60m to be raised. Expected admission 6 December. Creo Medical Group —UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. Fundraising details TBA.
24 Nov 16
Quixant* (QXT): Gaming gains (CORP) | SCISYS* (SSY): Bringing good news from Germany (CORP) | Hayward Tyler Group*: Contract wins (CORP) | Sound Energy (SOU): TE-7 flow rate and fund raise (BUY) | Water Intelligence* (WATR): Growth and improving returns in a defensive market (CORP) | Imaginatik* (IMTK): Interim trading update (CORP)
Small Cap Breakfast
28 Nov 16
Warpaint London—Schedule one update. Raising £2.5m at 97p. Expected mkt cap £62.6m vs revenues of £22.3m Walls & Futures REIT — Has raised £1m at £1 to acquire, refurbish or develop residential properties in the UK . Due to arrive on ISDX on 29 November Diversified Oil & Gas— Schedule One now out. $60m to be raised. Expected admission 6 December. Creo Medical Group —UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. Fundraising details TBA.