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Scotiabank Lowers EQT (EQT) PT to $63 While Forecasting Persistent Natural Gas Supply Deficits
Yahoo Finance· 2026-01-29 07:07
EQT Corporation (NYSE:EQT) is one of the best inexpensive stocks to buy now. On January 21, Scotiabank analyst Cameron Bean lowered the firm’s price target on EQT Corporation to $63 from $67 with a Sector Perform rating.  Scotiabank revised its price targets for North American natural gas stocks, driven by a bullish outlook on the sector. The firm anticipated persistent supply deficits in both the US and Western Canada, a fundamental imbalance that it believes will push both commodity prices and energy equ ...
Analysts Remain Mixed on EQT (EQT) Ahead of Fourth-Quarter Results
Yahoo Finance· 2026-01-26 16:42
EQT Corporation (NYSE:EQT) is included in our list of the best AI energy stocks to buy now. Analysts Remain Mixed on EQT (EQT) Ahead of Fourth-Quarter Results In January 2026, EQT Corporation (NYSE:EQT) is seeing mixed analyst sentiment ahead of its Q4 results, scheduled for announcement on February 17, 2026. On January 21, 2026, Barclays reduced its price target on EQT Corporation (NYSE:EQT) from $67 to $64, while reiterating an ‘Overweight’ rating. The update came as part of the firm’s preview of the ...
Analysts Remain Mixed on EQT (EQT) Ahead of Fourth-Quarter Results
Yahoo Finance· 2026-01-26 16:42
EQT Corporation (NYSE:EQT) is included in our list of the best AI energy stocks to buy now. Analysts Remain Mixed on EQT (EQT) Ahead of Fourth-Quarter Results In January 2026, EQT Corporation (NYSE:EQT) is seeing mixed analyst sentiment ahead of its Q4 results, scheduled for announcement on February 17, 2026. On January 21, 2026, Barclays reduced its price target on EQT Corporation (NYSE:EQT) from $67 to $64, while reiterating an ‘Overweight’ rating. The update came as part of the firm’s preview of the ...
Analyst Downgrades Gulfport Energy (GPOR) to ‘Peer Perform’
Yahoo Finance· 2026-01-09 03:00
Core Viewpoint - Gulfport Energy Corporation (NYSE:GPOR) has experienced a significant decline in share price and has been downgraded by analysts, reflecting concerns over its competitive position and market conditions in the natural gas sector [1][3]. Group 1: Stock Performance - The share price of Gulfport Energy fell by 10.59% between December 31, 2025, and January 7, 2026, making it one of the energy stocks that lost the most during that week [1]. - On January 5, Wolfe Research downgraded Gulfport Energy from 'Outperform' to 'Peer Perform', indicating a lack of compelling reasons for investors to favor GPOR over its peers [3]. Group 2: Market Conditions - The downgrade by Wolfe Research was influenced by a reduction in long-term natural gas price estimates by 25 cents to $4 per thousand cubic feet (mcf) [3]. - Gulfport Energy faced additional pressure as US natural gas futures dropped to a 10-week low of $3.35 on January 6, attributed to forecasts of warmer temperatures leading to decreased heating demand [4].
Canacol Energy Closes Initial Advance Under DIP Financing
Globenewswire· 2026-01-08 03:37
Core Viewpoint - Canacol Energy Ltd. has secured debtor-in-possession (DIP) financing of U.S.$15 million and is targeting a second advance of U.S.$30 million as part of its restructuring efforts under Canadian and U.S. bankruptcy laws [1][2][3]. Group 1: Financing Details - The company entered into a DIP Commitment Letter with an ad hoc group of holders of its 5.75% senior unsecured notes due 2028, which was approved by the Alberta Court of King's Bench [1]. - The initial advance of U.S.$15 million was successfully closed following the satisfaction of all conditions precedent outlined in the DIP Commitment Letter [2]. - A second advance of U.S.$30 million is being targeted for January 30, 2026, with completion expected by February 15, 2026, subject to the satisfaction of applicable conditions [3]. Group 2: Ongoing Reporting and Information - The company has provided material non-public information (MNPI) to the DIP Lenders, which is available for review on the Monitor's website [4]. - Stakeholders are encouraged to monitor the Monitor's website for updates regarding Canacol's business, operations, and insolvency proceedings [4]. Group 3: Company Overview - Canacol Energy Ltd. is primarily engaged in natural gas exploration and production activities in Colombia [5].
Is EQT Stock Outperforming the S&P 500?
Yahoo Finance· 2025-12-15 05:56
Core Insights - EQT Corporation, based in Pittsburgh, focuses on exploring and producing natural gas primarily in the Appalachian Basin, with a market cap of $34.7 billion, indicating its significant presence in the energy sector [1][2] Financial Performance - EQT's stock reached an all-time high of $62.23 on December 5, currently trading 10.7% below that peak, with a 9.1% increase in stock prices over the past three months, outperforming the S&P 500 Index's 3.7% increase during the same period [3] - Year-to-date, EQT stock prices have risen 20.5%, and 21.2% over the past 52 weeks, surpassing the S&P 500's gains of 16.1% and 12.8% respectively [4] - Following the release of Q3 results on October 21, despite better-than-expected performance, EQT's stock dropped nearly 4%. The company reported a 9.1% year-over-year increase in sales volumes to 634.4 Bcfe, with average sales prices soaring 39.7% to $2.64 per Mcfe. Overall, topline revenue increased 52.3% year-over-year to $1.96 billion, exceeding consensus estimates [5] - Adjusted EPS for EQT skyrocketed 225% year-over-year to $0.52, surpassing market expectations by 10.6% [5] Competitive Position - EQT has significantly outperformed its peer, EOG Resources, Inc., which experienced an 11.9% decline year-to-date and a 14.7% drop over the past 52 weeks [6]
Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
Globenewswire· 2025-12-10 04:35
Core Viewpoint - Canacol Energy Ltd. has entered into a debtor-in-possession (DIP) financing agreement to support its ongoing operations and restructuring efforts under the Companies' Creditors Arrangement Act (CCAA) [1][5]. Financing Details - The DIP Financing consists of a U.S.$45 million delayed-draw new-money term loan and an additional capacity to issue up to U.S.$22 million in letters of credit [1][2]. - The Term Loan Tranche will initially provide U.S.$15 million, with the remaining U.S.$30 million subject to customary conditions [2]. - The financing will mature on June 30, 2026, with a possible three-month extension [1]. Purpose of Financing - Proceeds from the DIP Financing will be utilized for funding ongoing operations, restructuring costs, and renewing or replacing required letters of credit [2][3]. Court Approvals and Conditions - The DIP financing is contingent upon court approvals, including an approval order from the Court of King's Bench of Alberta and recognition by the US Bankruptcy Court [2][3]. - Additional conditions include obtaining a Colombian recognition order and compliance with prescribed milestones [2]. Company Status - Canacol is currently operating under CCAA protection, which provides certain protections from creditors during its restructuring process [5]. - Trading of the Company's shares has been suspended since November 17, 2025, and will continue until delisting takes effect [6][8]. Shareholder Information - Shareholders are advised to consult the Monitor's website for updates and information regarding the Company's restructuring and insolvency proceedings [4][7].
Canacol Energy Filed for Relief Under Chapter 15 of the U.S. Bankruptcy Code
Globenewswire· 2025-11-24 13:10
Core Points - Canacol Energy Ltd. has filed for relief under Chapter 15 of the U.S. Bankruptcy Code to protect its U.S.-based assets and facilitate cooperation with foreign judicial proceedings [1][2] - The company is seeking recognition of its Canadian proceeding under the Companies' Creditors Arrangement Act (CCAA) as a foreign main proceeding [1][2] - A hearing on the recognition motion is scheduled for December 11, 2025, after provisional relief was granted by the U.S. Bankruptcy Court [3] Company Overview - Canacol Energy Ltd. is a natural gas exploration and production company primarily operating in Colombia [4] - The company's shares are traded on multiple exchanges, including the Toronto Stock Exchange, OTCQX in the U.S., and the Bolsa de Valores de Colombia [4]
Canacol Energy Granted Creditor Protection to Pursue Restructuring
Globenewswire· 2025-11-19 17:45
Core Points - Canacol Energy Ltd. has obtained an initial order for creditor protection under the Companies' Creditors Arrangement Act (CCAA) from the Court of King's Bench of Alberta, allowing for a 10-day stay of creditor actions [1][2] - The decision to initiate CCAA proceedings was made by the Board of Directors after thorough evaluation of the company's financial situation and consultation with advisors, concluding that restructuring is the best option [2] - The company has filed petitions in the U.S. Bankruptcy Court for recognition of the CCAA proceedings under Chapter 15 of the U.S. Bankruptcy Code and in Colombia under applicable Colombian law [3] - The board of directors and management will continue to oversee daily operations under the supervision of KPMG Inc., appointed as the Monitor [4] - Trading of the company's shares has been suspended on the Toronto Stock Exchange, with a meeting scheduled for November 27, 2025, to discuss potential delisting [5] Company Overview - Canacol Energy is a natural gas exploration and production company primarily operating in Colombia, with shares traded on multiple exchanges including the Toronto Stock Exchange [6]
Canacol Energy Seeks Creditor Protection to Pursue Restructuring
Globenewswire· 2025-11-18 12:30
Core Viewpoint - Canacol Energy Ltd. is seeking creditor protection under the Companies' Creditors Arrangement Act (CCAA) due to a liquidity crisis and other financial challenges [1][2]. Group 1: Financial Position and Restructuring - The decision to initiate CCAA proceedings was made by the Board of Directors after thorough evaluation of the Company's financial situation and consultations with advisors [2]. - The Company is facing a liquidity crisis due to upcoming interest and principal payments, an unfavorable arbitration ruling resulting in a $22 million liability, reduced natural gas production, and increased accounts payables [2]. Group 2: CCAA Proceedings - Canacol is requesting an Initial Order that includes a stay of proceedings and the appointment of KPMG Inc. as the Monitor [3]. - The Company plans to seek recognition of the Initial Order in the United States and Colombia under applicable laws [4]. Group 3: Market Implications - The Toronto Stock Exchange is expected to place Canacol under delisting review, with uncertain outcomes regarding its continued listing [5].