Last $3.70 USD
Change Today -0.0116 / -0.31%
Volume 8.5K
As of 5:20 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

spartan energy corp (PTORF) Snapshot

Open
$3.70
Previous Close
$3.71
Day High
$3.70
Day Low
$3.70
52 Week High
06/23/14 - $4.03
52 Week Low
09/23/13 - $0.76
Market Cap
970.5M
Average Volume 10 Days
5.6K
EPS TTM
--
Shares Outstanding
262.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SPARTAN ENERGY CORP (PTORF)

Related News

No related news articles were found.

spartan energy corp (PTORF) Related Businessweek News

No Related Businessweek News Found

spartan energy corp (PTORF) Details

Spartan Energy Corp. explores, develops, and produces oil and natural gas properties in Alberta, Canada. Its principal properties are located in Alberta and Saskatchewan. The company was formerly known as Alexander Energy Ltd. and changed its name to Spartan Energy Corp. in February 2014. Spartan Energy Corp. is headquartered in Calgary, Canada.

spartan energy corp (PTORF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

spartan energy corp (PTORF) Key Developments

Spartan Energy Corp. Reports Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Third Quarter of 2014; Announces Executive Changes

Spartan Energy Corp. reported earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported funds flow from operations of CAD 24,371,000 or CAD 0.09 per diluted share. Net income was CAD 1,357,000 or CAD 0.01 per diluted share. Capital expenditures were CAD 6,578,000. The company's balance sheet remains strong with approximately CAD 59 million of net debt at the end of the quarter. For the six months, the company reported funds flow from operations of CAD 27,466,000 or CAD 0.10 per diluted share. Net income was CAD 16,357,000 or CAD 0.09 per diluted share. Capital expenditures were CAD 10,584,000. The company improved production 666% during the second quarter of 2014, to 6,396 boe per day compared to 835 boe per day during the same quarter in 2013, primarily a result of acquiring Renegade Petroleum Ltd. (DOB, Feb. 12, 2014) and property in Area 5 earlier in 2014. In just six months, management has grown production from 664 boe per day in the fourth quarter of 2013 to 6,396 boe per day in the second quarter of 2014. For the six months, the company reported average daily production of 3,638 boe/d. Although downtime and delays to capital program experienced due to the rain and flooding in June and July are expected to impact average production levels in the third quarter, the company remains positioned to meet its stated 2014 average production rate of 5,700 boe/d and exit production rate of 8,600 boe/d. Spartan Energy Corp. announced that Michelle Wiggins, Vice-President Finance and Chief Financial Officer, has tendered her resignation to the company to address certain health issues. In addition to her current role with the Company, Ms. Wiggins was a founder and officer of each of Spartan Oil Corp. and Spartan Exploration Ltd. Ms. Wiggins will be replaced on an interim basis by Mr. Adam MacDonald. Mr. MacDonald is currently the Company's Controller and served as Controller of Renegade Petroleum Ltd. prior to its acquisition by Spartan.

Spartan Energy Seeks Acquisitions

Spartan Energy Corp. (TSX:SPE) plans to make acquisitions. Spartan Energy has a strong balance sheet with CAD 59 million of net debt and accredit facility of CAD 250 million providing flexibility to pursue additional per share growth through accretive acquisition opportunities.

Spartan Energy Corp. Presents at The Enercom Oil & Gas Conference, Aug-20-2014 04:25 PM

Spartan Energy Corp. Presents at The Enercom Oil & Gas Conference, Aug-20-2014 04:25 PM. Venue: The Westin Denver Downtown, 1672 Lawrence St, Denver, Colorado, United States.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PTORF:US $3.70 USD -0.0116

PTORF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for PTORF.
View Industry Companies
 

Industry Analysis

PTORF

Industry Average

Valuation PTORF Industry Range
No financial data is available for PTORF.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SPARTAN ENERGY CORP, please visit www.alexanderenergy.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.