Last $1.97 USD
Change Today -0.0189 / -0.95%
Volume 350.0
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As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

blackpearl resources inc (BLKPF) Snapshot

Open
$1.97
Previous Close
$1.99
Day High
$1.97
Day Low
$1.97
52 Week High
04/29/14 - $2.86
52 Week Low
11/7/13 - $1.75
Market Cap
661.6M
Average Volume 10 Days
2.6K
EPS TTM
--
Shares Outstanding
335.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BLACKPEARL RESOURCES INC (BLKPF)

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blackpearl resources inc (BLKPF) Details

BlackPearl Resources Inc., an oil and natural gas company, is engaged in the acquisition, exploration, development, and production of oil and natural gas, primarily heavy oil and bitumen in Canada and the United States. The company holds interests in the Onion Lake Project comprising approximately 8,500 net acres of land located in Saskatchewan; and Blackrod Project with oil sand leases and permits in approximately 49,060 acres of land in the Blackrod area of northern Alberta. Its projects also holds interests in the Mooney project consisting of approximately 58,880 acres of land located in north-central Alberta; and the John Lake project covering approximately 4,480 acres located in the Cold Lake oil sands region in east central Alberta. In addition, the company holds interests in various other areas of Saskatchewan and Alberta, including Fishing Lake and Salt Lake; and in various areas in the United States, including Promised Land in Montana. The company was formerly known as Pearl Exploration and Production Ltd. and changed its name to BlackPearl Resources Inc. in May 2009. BlackPearl Resources Inc. was incorporated in 1984 and is headquartered in Calgary, Canada.

44 Employees
Last Reported Date: 02/27/14
Founded in 1984

blackpearl resources inc (BLKPF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$250.0K
Chief Financial Officer
Total Annual Compensation: C$250.0K
Vice President of Operations
Total Annual Compensation: C$250.0K
Vice President of Exploration
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2013.

blackpearl resources inc (BLKPF) Key Developments

BlackPearl Resources Inc. Presents at Peters & Co 18th Annual Energy Conference, Sep-09-2014 03:20 PM

BlackPearl Resources Inc. Presents at Peters & Co 18th Annual Energy Conference, Sep-09-2014 03:20 PM. Venue: The Ritz-Carlton, 181 Wellington Street West, Toronto, Ontario, Canada.

BlackPearl Resources Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Year 2014

BlackPearl Resources Inc. reported financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported oil and gas revenues increased 7% to CAD 62.2 million compared with CAD 58.3 million in the second quarter of 2013. The increase is attributable to a 20% improvement in its average oil price received, partially offset by an 11% decrease in oil sales volumes. Net income was CAD 4,684,000 or CAD 0.01 per basic and diluted share compared to CAD 2,597,000 or CAD 0.01 per basic and diluted share last year. Capital expenditures were CAD 48,044,000 compared to CAD 27,315,000 last year. Funds flow from operations was CAD 23,161,000 compared to CAD 22,823,000 last year. For the first half, the company reported funds flow from operations increased by 41% to CAD 46.2 million compared to CAD 32.9 million in the same period in 2013. The increase is funds flow in 2014 is primarily a result of higher wellhead sales prices in 2014. The company generated net income of CAD 3.6 million compared to a net loss of CAD 3.0 million in the same period in 2013. The increase in net income in 2014 compared to the same period in 2013 is primarily a result of a higher wellhead sales price in 2014, partially offset by higher production costs and the loss on risk management contracts. Gross oil and gas revenue was CAD 121,729,000 compared to CAD 98,993,000 last year. Basic and diluted earnings per share were CAD 0.01 compared to basic and diluted loss per share of CAD 0.01 last year. Capital expenditures were CAD 97,404,000 compared to CAD 46,416,000 last year. The company reported production results for the second quarter and six months ended June 30, 2014. Oil and gas production averaged 8,897 boe per day in the second quarter of 2014 compared to 9,986 boe per day for the same period in 2013. The decrease in production in 2014 reflects natural production declines at Onion Lake, as well as production that was shut-in at Mooney during the quarter in order to undertake infrastructure improvements. In addition, at Mooney, due to pipeline pressure restrictions imposed on a third party gas transporter, the amount of gas the company was permitted to inject into their pipeline system was reduced, which restricted its gas sales in the area as well as oil production during the quarter. For the six months, the company reported oil and gas production averaged 9,129 boe per day compared to 9,539 boe per day for the same period in 2013. For the year, the company expects its oil and gas production to average between 9,000 and 9,500 boe/d for the year, unchanged from its first quarter update. Funds flow from operations for the year is anticipated to range between CAD 80 and CAD 85 million. This is slightly higher than its first quarter outlook as a result of using higher forecast oil prices in its second quarter update. Capital spending is expected to be between CAD 280 to CAD 300 million for the year, unchanged from its first quarter update.

BlackPearl Resources Inc. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Revised Production, Cash Flow and Capital Expenditures Guidance for the Year 2014

BlackPearl Resources Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of CAD 48,026,000 compared to CAD 34,340,000 for the same period a year ago. Loss for the period was CAD 1,126,000 against CAD 5,644,000 or CAD 0.02 per basic and diluted share for the same period a year ago. Capital expenditures on exploration and evaluation assets were CAD 2,554,000 against CAD 11,089,000 a year ago. Capital expenditures on property, plant and equipment were CAD 46,755,000 against CAD 7,846,000 a year ago. Cash flow from operating activities was CAD 18,517,000 against CAD 3,244,000 or CAD 0.08 a year ago. Funds flow from operations was CAD 23, 037,000 against CAD 10,039,000 a year ago. For the quarter, total production was 9,363boe/d against 9,087 boe/d a year ago. The increase in oil production in the first quarter of 2014 compared to the first quarter of 2013 is primarily attributable to successful drilling programs at Onion Lake and John Lake in 2013 and a continued positive re-pressurization response form the first phase of the ASP flood at Mooney. The company expects annual average production of 9,000 to 9,500 boe/d against previous guidance of 10,000 to 10,500 boe/d due to weather related issues at Mooney The company expects fund flow from operations of CAD 75 to CAD 80 million against previous guidance of CAD 80 to CAD 85 million and capital expenditures of CAD 280 to CAD 300 million against previous guidance of CAD 260 to CAD 270 million. Year end debt is expected to be CAD 135 million to CAD 140 million against CAD 95 million to CAD 105 million.

 

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Valuation BLKPF Industry Range
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Price/Sales 3.6x
Price/Book 1.1x
Price/Cash Flow 8.0x
TEV/Sales 3.4x
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