Last C$7.06 CAD
Change Today -0.33 / -4.47%
Volume 282.1K
RE On Other Exchanges
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As of 4:00 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

rock energy inc (RE) Snapshot

Open
C$7.39
Previous Close
C$7.39
Day High
C$7.39
Day Low
C$6.91
52 Week High
08/26/14 - C$7.96
52 Week Low
10/1/13 - C$1.83
Market Cap
283.7M
Average Volume 10 Days
382.1K
EPS TTM
C$0.11
Shares Outstanding
40.2M
EX-Date
--
P/E TM
66.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for ROCK ENERGY INC (RE)

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rock energy inc (RE) Details

Rock Energy Inc. is engaged in the exploration for, and development and production of crude oil and natural gas in Western Canada. The company owns an area of approximately 29,466 net acres of land in the Plains area heavy oil fairway of East Central Alberta and West Central Saskatchewan; and 25,381 net acres of land in the Greater Onward area of south west Saskatchewan. As of December 31, 2013, its gross interest reserves were 6.8 million barrel of oil equivalent (BOE) of proved reserves and 10.9 million BOE of proved plus probable reserves. The company was incorporated in 1988 and is headquartered in Calgary, Canada.

29 Employees
Last Reported Date: 03/21/14
Founded in 1988

rock energy inc (RE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$247.5K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$193.8K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: C$225.0K
Vice President of Exploration
Total Annual Compensation: C$199.8K
Compensation as of Fiscal Year 2013.

rock energy inc (RE) Key Developments

Rock Energy Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Capital Spending Guidance for the Year 2014

Rock Energy Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported crude oil and natural gas revenue of CAD 37,422,000 compared to CAD 18,215,000 for the same period a year ago. Funds from operations were CAD 19,276,000 or CAD 0.46 per diluted share compared to CAD 6,665,000 or CAD 0.17 per basic and diluted share last year. Net income was CAD 8,292,000 or CAD 0.20 per diluted share compared to CAD 100,000 last year. Capital expenditures, net were CAD 12,004,000 compared to CAD 2,175,000 last year. For the six months, the company reported crude oil and natural gas revenue of CAD 69,864,000 compared to CAD 31,443,000 for the same period a year ago. Funds from operations were CAD 34,590,000 or CAD 0.83 per diluted share compared to CAD 9,705,000 or CAD 0.25 per basic and diluted share last year. Net loss was CAD 9,009,000 or CAD 0.23 per basic and diluted share compared to CAD 3,508,000 or CAD 0.09 per basic and diluted share last year. Capital expenditures, net were CAD 34,892,000 compared to CAD 14,891,000 last year. Net debt was CAD 16,775,000 compared to CAD 8,165,000 last year. The company reported operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported average daily crude oil and natural gas liquids production of 4,730 bbls/d compared to 2,704 bbls/d for the same period a year ago. Average daily natural gas production 1,549 mcf/d compared to 2,379 mcf/d last year. Average daily barrels of oil equivalent production was 4,988 boe/d compared to 3,100 boe/d last year. For the six months, the company reported average daily crude oil and natural gas liquids production of 4,675 bbls/d compared to 2,737 bbls/d for the same period a year ago. Average daily natural gas production 1,611 mcf/d compared to 2,519 mcf/d last year. Average daily barrels of oil equivalent production was 4,944 boe/d compared to 3,157 boe/d last year. The company is now forecasting to generate average 2014 production of 4,900 to 5,100 boe/d (95% oil). Given these assumptions, the company is forecasting funds from operations of CAD 70 million or CAD 1.75 per share to CAD 72 million or CAD 1.80 per share. With the forecasted funds from operations and capital spending plan, the net debt at the end of the year is targeted to be CAD 55 million to CAD 57 million (0.6 times forecasted annualized fourth quarter funds from operations) against its newly amended credit facility of CAD 80 million. The strong financial performance during the second quarter, and the opportunity to accelerate production and cash flow growth, has prompted the company to expand its capital program to CAD 110 million (from CAD 91 million) and revise its guidance upward for the year. The incremental capital will be used for the additional Viking development locations at Onward and to accelerate the implementation of polymer injection at Mantario. While this additional capital spending will not have a significant impact on 2014 results, it will provide substantial benefits in 2015.

Rock Energy To Divest Non Core Assets

Rock Energy Inc. (TSX:RE) is actively engaged in a process of divesting its remaining non-core assets while it builds production and value in its core areas through both acquisition and drilling projects.

Rock Energy Inc. Presents at The Enercom Oil & Gas Conference, Aug-19-2014 04:25 PM

Rock Energy Inc. Presents at The Enercom Oil & Gas Conference, Aug-19-2014 04:25 PM. Venue: The Westin Denver Downtown, 1672 Lawrence St, Denver, Colorado, United States.

 

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RE

Industry Average

Valuation RE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.1x
Price/Book 2.6x
Price/Cash Flow 8.3x
TEV/Sales -- Not Meaningful
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