Last C$2.22 CAD
Change Today -0.01 / -0.45%
Volume 1.0M
PXX On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stockholm
Frankfurt
As of 4:11 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

blackpearl resources inc (PXX) Snapshot

Open
C$2.22
Previous Close
C$2.23
Day High
C$2.22
Day Low
C$2.20
52 Week High
05/1/14 - C$3.15
52 Week Low
07/31/13 - C$1.57
Market Cap
745.1M
Average Volume 10 Days
1.0M
EPS TTM
C$0.04
Shares Outstanding
335.6M
EX-Date
--
P/E TM
56.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for BLACKPEARL RESOURCES INC (PXX)

Related News

No related news articles were found.

blackpearl resources inc (PXX) Related Businessweek News

No Related Businessweek News Found

blackpearl resources inc (PXX) 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 (PXX) 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 (PXX) Key Developments

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.

Blackpearl Announces Expansion of its Credit Facilities

BlackPearl announced that the company’s banking syndicate led by Alberta Treasury Branches has increased the company’s credit facilities from $115 million to $150 million upon the satisfaction of certain conditions including the completion of the issuances of common shares. These facilities are currently unutilized.

BlackPearl Resources Inc. Enters Into Construction Contract for Central Processing Facilities at its Onion Lake Thermal Project

BlackPearl Resources Inc. announced that it has entered into a lump sum contract with Propak Systems Ltd. (Propak) for the engineering, procurement and fabrication of the central processing facilities for the company's Onion Lake thermal project. Propak has successfully constructed and installed processing facilities for three similar thermal projects in Saskatchewan which are currently producing over 20,000 barrels of oil per day. The first phase of the Onion Lake thermal project will have design capacity for production of 6,000 barrels of oil per day. The full scope of the project entails construction of central processing facilities for steam generation, water handling and oil treating, drilling injection and producer wells, drilling water source and disposal wells, as well as installation of water, steam and emulsion pipeline infrastructure.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PXX:CN C$2.22 CAD -0.01

PXX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ithaca Energy Inc C$2.62 CAD -0.03
Niko Resources Ltd C$2.13 CAD -0.02
Southern Pacific Resource Corp C$0.19 CAD -0.01
TransAtlantic Petroleum Ltd C$12.10 CAD -0.75
TransGlobe Energy Corp C$7.38 CAD -0.22
View Industry Companies
 

Industry Analysis

PXX

Industry Average

Valuation PXX Industry Range
Price/Earnings 63.6x
Price/Sales 3.7x
Price/Book 1.2x
Price/Cash Flow 8.8x
TEV/Sales 3.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BLACKPEARL RESOURCES INC, please visit www.pearleandp.com. 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.