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Altura Energy Issues Shares Pursuant to Securities for Services Arrangement
Newsfile· 2025-09-11 12:00
Altura Energy Issues Shares Pursuant to Securities for Services ArrangementSeptember 11, 2025 8:00 AM EDT | Source: Altura Energy Corp.Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Altura Energy Corp (TSXV: ALTU) (FSE: Y020) (the "Company") announces today that, pursuant to a strategic advisory agreement dated February 20, 2025, as amended pursuant to an amending agreement dated April 11, 2025 (the "Advisory Agreement"), between the Company and Haywood Securities Inc. (" ...
Hold SM Energy? Here's the Case for Staying Patient Right Now
ZACKS· 2025-07-10 15:41
Core Insights - SM Energy is an independent exploration and production firm focused on the Permian Basin, Uinta Basin, and South Texas region, owning approximately 111,000 net acres in the Midland Basin and 63,300 net acres in the Uinta Basin, along with 155,000 net acres in South Texas [1] Financial Performance - SM Energy reported first-quarter 2025 revenues of $844.5 million and net income of $182.3 million, showing significant improvement from the prior-year quarter, driven by increased daily oil production and operational efficiency [3] - The company aims for a 30% increase in oil production and a 20% increase in total production for 2025, which is expected to enhance financial performance [4] Asset Integration - Successful integration of Uinta Basin assets contributed to a 63% increase in daily oil production compared to the first quarter of 2024, with drilling and completion efficiency exceeding expectations [5] - The Uinta Basin wells are expected to contribute to a higher oil mix, particularly in the second half of 2025, driving sustained growth [5] Financial Strategy - SM Energy is strategically using free cash flows to reduce its debt burden, aiming for a leverage ratio of about 1, which will strengthen its balance sheet [6] - The company can generate free cash flows even at a flat $55 per barrel oil price, supporting capital expenditures and prioritizing debt reduction [7] Market Position - Despite strong financial performance, SM Energy's stock has underperformed compared to the broader Zacks Exploration and Production industry, with shares falling 36.9% over the past year [8] - The company faces vulnerability to commodity price volatility, with potential adjustments needed if oil prices fall below $55 per barrel [11] Dividend Considerations - SM Energy's current dividend yield lags behind industry peers, as the company prioritizes debt reduction over aggressive shareholder return measures [12]
Altura Energy Announces Closing of Brokered Private Placement
Newsfile· 2025-06-11 13:51
Offering Details - Altura Energy Corp. closed a brokered private placement offering of 19,855,000 units at a price of $0.10 per unit, resulting in gross proceeds of $1,985,500 [1][2] - Each unit consists of one common share and one warrant, with warrants exercisable at $0.25 until June 11, 2030 [2] - The offering was conducted by Haywood Securities Inc., which received a cash commission of $138,985 and 1,389,850 compensation options [3] Financial Transactions - The company made a partial repayment of $150,000 to ANB Bank, leaving an outstanding balance of $205,000, to be paid in monthly installments of $10,000 starting September 21, 2025 [4] - The company settled outstanding payables of $231,000 to Jasper Management & Advisory Corp. for $150,000, issuing 1,500,000 common shares at a deemed price of $0.10 per share [6] - A proposed debt settlement with Nancy Burke involves issuing 5,266,830 common shares at a deemed price of $0.10 per share, subject to TSX Venture Exchange approval [9] Related Party Transactions - Mr. Ian Telfer, a director of the company, subscribed for 1,000,000 units for gross proceeds of $100,000, constituting a related party transaction [5] - The payables settlement with JMAC also qualifies as a related party transaction, as it is controlled by a director of the company [7][8] Advisory Services - The company issued 1,500,000 units to Haywood Securities Inc. for strategic advisory services rendered, at a deemed value of $225,000 [10] Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [11]
ENB & COP Faceoff: Which Energy Stock is a Must-Hold for Investors?
ZACKS· 2025-05-27 14:20
Core Insights - The oil and energy sector is characterized by upstream operations being vulnerable to price fluctuations, while midstream activities provide stable fee-based revenues [1] - A comparative analysis between ConocoPhillips (COP) and Enbridge Inc. (ENB) highlights the contrasting business models of exploration and production versus midstream energy [1] Group 1: Enbridge Inc. (ENB) - ENB's business model minimizes commodity price volatility and volume risks through regulated or take-or-pay contracts, which support 98% of its EBITDA [2] - Over 80% of ENB's profits come from activities that allow automatic price or fee increases, ensuring earnings and dividend protection in high inflation [2][3] - ENB operates an extensive transportation network, including 18,085 miles of crude oil and liquids pipelines and 71,308 miles of gas pipelines, transporting 20% of the total natural gas consumed in the U.S. [4][5] - The company has a C$28 billion backlog of secured capital projects, expected to generate incremental cash flows by 2029 [6] Group 2: ConocoPhillips (COP) - The U.S. Energy Information Administration forecasts lower oil prices for 2025 and 2026, which poses a gloomy outlook for COP, as significant production volumes are crude oil [7] - COP has experienced downward earnings estimate revisions for 2025 and 2026, indicating analysts' concerns about its business environment [8] - The company's tax exposure has increased due to higher profits from countries with elevated tax rates, raising its overall tax rate to about 40% [9] Group 3: Comparative Performance - Over the past year, ENB's stock increased by 35.4%, while COP fell by 25.1%, contrasting with the oil-energy sector's decline of 4.6% [10] - ENB trades at a trailing 12-month enterprise value-to-EBITDA (EV/EBITDA) ratio of 15.25, significantly higher than COP's 4.80, indicating a premium valuation for ENB [11]
Altura Energy Provides Update on Brokered Private Placement
Globenewswire· 2025-05-14 12:45
Core Viewpoint - Altura Energy Corp. is conducting a private placement offering of up to 15,000,000 units at a price of $0.10 per unit, aiming for gross proceeds of up to $1,500,000 [1][5] Group 1: Offering Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for up to sixty months [2] - The company has granted the agent an option to sell an additional 2,250,000 units for up to $225,000 in gross proceeds [3] - The offering will be conducted as a private placement under applicable exemptions from prospectus requirements in Canada and other mutually agreed jurisdictions, excluding the United States [4] Group 2: Closing and Use of Proceeds - The offering is expected to close around June 4, 2025, subject to necessary approvals, including from the TSX Venture Exchange [5] - Net proceeds from the offering will be used to repay existing debt and for working capital and general corporate purposes [6] Group 3: Company Background - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [8]
4 Energy Firms Likely to Outperform Q1 Earnings Estimates
ZACKS· 2025-05-02 14:25
Core Viewpoint - The energy sector is facing challenges due to macroeconomic uncertainty and commodity price volatility, but some companies are positioned to potentially exceed earnings expectations, which could positively impact their stock prices in the near term [1]. Sector Snapshot - Oil prices have decreased in Q1 2025, with West Texas Intermediate crude averaging $71.84 per barrel, down from $77.56 in Q1 2024, attributed to soft global demand, rising inventories, and increased non-OPEC+ production [2]. - U.S. natural gas prices have rebounded sharply, averaging $4.15 per MMBtu compared to $2.13 a year ago, driven by colder weather and growing LNG exports [2]. Earnings Expectations - S&P 500 energy firms are projected to report a 12.9% year-over-year decline in earnings and a 0.3% dip in revenues, indicating ongoing pressure on profit margins [3][5]. - This decline is an improvement from the 22.4% earnings drop in Q4 2024, but still reflects significant challenges for oil-centric companies [3][6]. Company Performance Insights - Some energy companies are expected to perform better due to effective cost management, operational efficiency, and a focus on natural gas, which may lead to earnings surprises [4][7]. - Energy Transfer (ET) has an Earnings ESP of +9.23% and a Zacks Rank 3, with earnings scheduled for release on May 6 [11][12]. - MPLX LP also has a +9.23% Earnings ESP and a Zacks Rank 3, with earnings set to be released on May 6 [12]. - Pembina Pipeline (PBA) has an Earnings ESP of +2.93% and a Zacks Rank 3, with earnings scheduled for May 8 [13]. - ConocoPhillips (COP) has an Earnings ESP of +2.76% and a Zacks Rank 3, with earnings also scheduled for May 8 [14].
Amplify Energy to End Merger Deal Amid Extreme Market Volatility
ZACKS· 2025-04-30 18:15
Amplify Energy Corporation (AMPY) , a U.S.-based exploration and production company, recently announced that it has signed a termination agreement with Juniper Capital Advisors, L.P., for their previously announced merger deal. Both parties mutually agreed upon the decision. The decision was primarily influenced by extreme market volatility, likely resulting from recent disruptions in the energy sector.Per the terms of the Termination Agreement, Juniper Capital Advisors is expected to receive $800,000 in ca ...