Energy

  • 1:50 PM

    August 16, 2016 : Hydro One Limited (TSX:H.TO) announced solid second quarter results where remained marginally ahead of street estimate. Adjusted EPS of $0.25 beat consensus EPS estimate of $0.23. By and large, we see this quarter positively as the firm is making progress on cost containment. The consensus has increased target price by $1 to

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  • 10:01 AM

    CAE Inc (NYSE:CAE) reported slight beat compare to street expectations in fourth quarter results, however our estimates and guidance remain almost consistent. There is no change to our $17.50 target price. Our Target Price for CAE is derived from an equally weighted average of our DCF analysis (WACC 9.6%; growth rate of 2%) which yields

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  • 6:33 PM

    Empresas Copec SA posted nearly in-line first quarter results on Tuesday during market hours. Q1 2015 EBITDA of $519 million remain higher than our original forecast (before Arauco results last week) of $498 million but lower than consensus estimates of $525 million. This compares with EBITDA of $439 million last quarter and $564 million in

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  • 5:38 PM

    Trinidad Drilling (TSE:TDG) disclosed plan to buy CanElson Drilling (TSE:CDI) for $505 million on Friday before trading hours. CDI shareholders can receive 1.0631 TDG shares or $4.90 in cash subject to a maximum $50 million cash payment. This suggests about an 18% premium to CDI’s closing share price of $4.27 at the close on June

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  • 5:34 PM

    Prior market opened on Wednesday, Legacy Oil + Gas Inc (TSE:LEG) disclosed a proposed acquisition by CPG. We are restricted on Crescent Point Energy Corp. As per share deal, the $1.53 billion proposed transaction contemplates 0.095 CPG shares for each LEG share outstanding and shows a value of $2.85 per LEG share. Under the terms

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  • 5:28 PM

    Alvopetro Energy Ltd (CVE:ALV) ‘s first quarter depicted the company’s push to unlock the oil possible in its portfolio with drilling recently commenced on the first of three oil wells planned for 2015. The firm spud its first exploration well at block 182, a shallow conventional oil prospect, targeting the Agua Grande formation with additional

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  • 5:11 PM

    Pengrowth Energy Corp (NYSE:PGH) released an update on its Lindbergh SAGD project before market opened on Tuesday. Lindbergh production exceeds design capacity. Company announced that production at its Lindbergh commercial SAGD project has outperformed the design capacity of 13,000 BOE per day. The Lindbergh SAGD project is a key component of Pengrowth’s growth strategy with

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  • 5:09 PM

    Bonterra Energy Corp (TSE:BNE) disclosed a private placement offering to be used to reduce debt levels and fund the 2015 drilling program after market closed on Monday. Company disclosed that it will complete a private placement offering of 1.2 mm shares at a price of $32 per share, translating in total earnings of $38.4 mm.

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  • 4:58 PM

    After market closed on Tuesday, Cequence Energy Ltd (TSE:CQE) stated a midstream partnership arrangement.  Company sells a stake while increasing NGL Recovery. CQE will sell a 50% interest in its Simonette facilities to Kanata Energy Group Ltd. (Private) for $34 million. The companies will then jointly fund (CQE’s share: $20 million) the addition of a

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