Tag Archives: Firm

Alberta-Based Oil & Gas Firm Makes Right Choice in Lowering Dividend

A CIBC report notes the move increases this company’s financial flexibility. In a Nov. 29 research note, analyst Jamie Kubik reported that Bonterra Energy Corp. (BNE:TSX) will reduce its dividend by about 90% to CA$0.12 per share from CA$1.20 annually, beginning with the November dividend (payable in December). CIBC considers this change “prudent,” Kubik noted. “While the stock may not ...

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Alberta-Based Oil & Gas Firm Makes Right Choice in Lowering Dividend

A CIBC report notes the move increases this company’s financial flexibility. In a Nov. 29 research note, analyst Jamie Kubik reported that Bonterra Energy Corp. (BNE:TSX) will reduce its dividend by about 90% to CA$0.12 per share from CA$1.20 annually, beginning with the November dividend (payable in December). CIBC considers this change “prudent,” Kubik noted. “While the stock may not ...

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Texas Oil & Gas Firm Positioned for Faster Growth with Potential Upside

Raymond James provided a general outlook on this company post-merger and pre-Investor Day. In a Nov. 20 research note, analyst Justin Jenkins observed that with the Andeavor acquisition behind it, Marathon Petroleum Corp. (MPC:NYSE) is “uniquely positioned to continue optimizing its now industry-leading refining position while creating even faster growth in the higher-value Midstream and Retail segments.” Jenkins explained that ...

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Texas Oil & Gas Firm Positioned for Faster Growth with Potential Upside

Raymond James provided a general outlook on this company post-merger and pre-Investor Day. In a Nov. 20 research note, analyst Justin Jenkins observed that with the Andeavor acquisition behind it, Marathon Petroleum Corp. (MPC:NYSE) is “uniquely positioned to continue optimizing its now industry-leading refining position while creating even faster growth in the higher-value Midstream and Retail segments.” Jenkins explained that ...

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Oil & Gas Firm Now Has Capital in Place to Fund Immediate Growth

A Mackie Research Capital Corp. report discussed some news and near-term catalysts of this Canadian company. In a Nov. 21, 2018 research note, Mackie Research Capital Corp. analyst Bill Newman reported that Pulse Oil Corp. (PUL:TSX.V) generated gross proceeds of CA$11.3 million from an equity financing. It will use the funds to reactivate shut-in wells at Bigoray, to start the ...

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Gold Firm Provides Update on 2018-2019 Nevada Drilling Campaign [AUAU, AUXXF]

This Canadian company continues making progress on its discovery program. Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) announced in a news release it finished drilling at two of its six-project program in Nevada, Red Hills and Hughes Canyon, and commenced drilling at North Brown, which has never been explored. At Red Hills, the company rotary drilled nine holes over 2,342 meters (2,342m) ...

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Gold Firm Provides Update on 2018-2019 Nevada Drilling Campaign [AUAU, AUXXF]

This Canadian company continues making progress on its discovery program. Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) announced in a news release it finished drilling at two of its six-project program in Nevada, Red Hills and Hughes Canyon, and commenced drilling at North Brown, which has never been explored. At Red Hills, the company rotary drilled nine holes over 2,342 meters (2,342m) ...

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Oil & Gas Firm Now Has Capital in Place to Fund Immediate Growth

A Mackie Research Capital Corp. report discussed some news and near-term catalysts of this Canadian company. In a Nov. 21, 2018 research note, Mackie Research Capital Corp. analyst Bill Newman reported that Pulse Oil Corp. (PUL:TSX.V) generated gross proceeds of CA$11.3 million from an equity financing. It will use the funds to reactivate shut-in wells at Bigoray, to start the ...

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Canadian Firm Receives Final Major License for Gold Project

A Cantor Fitzgerald report provided an update on this advanced-stage Nunavut asset. In a Nov. 16 research note, Cantor Fitzgerald analyst Matthew O’Keefe reported that in a further derisking event, Sabina Gold & Silver Corp. (SBB:TSX; RXC:FSE; SGSVF:OTCPK) received the final license it needs—a type A water license—for construction and operation at its Back River gold project in Nunavut. O’Keefe ...

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