Last C$0.37 CAD
Change Today 0.00 / 0.00%
Volume 50.5K
TT On Other Exchanges
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As of 3:59 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

terra energy corp (TT) Snapshot

Open
C$0.37
Previous Close
C$0.37
Day High
C$0.37
Day Low
C$0.37
52 Week High
04/23/14 - C$0.50
52 Week Low
11/18/13 - C$0.15
Market Cap
39.5M
Average Volume 10 Days
100.9K
EPS TTM
C$-0.05
Shares Outstanding
106.7M
EX-Date
12/28/90
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TERRA ENERGY CORP (TT)

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terra energy corp (TT) Details

Terra Energy Corp., a junior oil and gas company, explores for, develops, and produces petroleum and natural gas in Western Canada. Its operations are primarily located in central region of Alberta, northeastern British Columbia, and Saskatchewan. As of December 31, 2013, the company had interests in net 138 producing and 228 non-producing oil, natural gas, and other wells. Terra Energy Corp. is headquartered in Calgary, Canada.

26 Employees
Last Reported Date: 03/27/14

terra energy corp (TT) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: C$250.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$195.0K
Controller
Total Annual Compensation: C$176.0K
General Manager of Land
Total Annual Compensation: C$145.0K
Vice President of Production Operations
Total Annual Compensation: C$49.5K
Compensation as of Fiscal Year 2013.

terra energy corp (TT) Key Developments

Terra Energy Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Terra Energy Corp. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net earnings of CAD 27.61 million, or CAD 0.86 per diluted share, compared to CAD 15.12 million, or CAD 0.49 per diluted share, for the same quarter ended June 30, 2013. Revenue for the second quarter ended June 30, 2014 was CAD 87.91 million, compared to CAD 67.87 million for the same quarter ended June 30, 2013. For the six months, net earnings were CAD 50.65 million, or CAD 1.58 per diluted share, compared to CAD 27.81 million, or CAD 0.95 per diluted share, for the same period ended June 30, 2013. Revenue for the six months ended June 30, 2014 was CAD 161.75 million, compared to CAD 127.44 million for the same period ended June 30, 2013.

Terra Energy Corp. Announces Earnings and Production Results for the Second Quarter of 2014; Provides Capital Expenditure Guidance for Full Year of 2014

Terra Energy Corp. announced earnings and production results for the second quarter of 2014. For the quarter, the company reported revenues of $12.5 million compared to revenues of $10.8 million during the same period last year. Cash flow from operations increased to $3.4 million as compared to $0.1 million for the second quarter of 2013. For the quarter, the company reported that production averaged 3,610 boe/d and consisted of 85% natural gas with 15% oil and liquids. The capital expenditure plan for 2014 contemplates approximately $14,331,000 of total capital spending to occur during 2014 with approximately $4,514,000 of capital being allocated towards pipeline tie-ins. Consistent with the plan, the majority of capital expended in the first two quarters was in connection with the Grande Prairie and Monias pipeline tie-ins. Each of these two pipeline projects were completed during the second quarter and these pipelines are now operational. The company is experiencing delays and curtailments in its production as a result of third party processor and competing third party operated production issues. The balance of capital expenditure plan for 2014 focuses primarily on 28 to 32 recompletion operations, the purpose of which is not only to increase current production and year end reserves but primarily to increase the level of confidence for the 2015 and 2016 horizontal drilling programs, which are designed to fully exploit these reservoirs. The overall impact of this recompletion program for the second quarter was therefore minimal.

Terra Energy Corp. Reports Earnings Results for the First Quarter Ended March 31, 2014

Terra Energy Corp. reported earnings results for the first quarter ended March 31, 2014. The company has reported that net earnings for the first quarter ended March 31, 2014 were CAD 23.04 million, or CAD 0.73 per share, compared to CAD 12.69 million, or CAD 0.46 per share, for the same quarter ended March 31, 2013. Revenue for the first quarter ended March 31, 2014 was CAD 73.84 million, compared to CAD 59.57 million for the same quarter ended March 31, 2013. Earnings before income taxes for the first quarter ended March 31, 2014 were CAD 30.56 million, compared to CAD 19.21 million for the same quarter ended March 31, 2013.

 

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Valuation TT Industry Range
Price/Earnings 100.0x
Price/Sales 1.1x
Price/Book 0.5x
Price/Cash Flow 2.6x
TEV/Sales -- Not Meaningful
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