TRILOGY ENERGY CORP. T.TET

TET 2014 Results and Updates 2015 Guidance

[novnew]

CALGARY, ALBERTA--(Marketwired - Jan. 15, 2015) - Trilogy Energy Corp. ("Trilogy"") (TSX:TET) announces its 2014 production, capital expenditure and operating cost results and updates its 2015 guidance.

2014 Production Results

Trilogy's 2014 results included:

• average daily production of approximately 35,100 Boe/d (approximately 40% oil and natural gas liquids);
• capital expenditures of $426.7 million;
• acquisitions net of divestitures of $13.3 million; and
• average operating costs of $10.09/Boe. 

2015 Guidance Revisions

For 2015, Trilogy forecasts:

• a capital spending program of approximately $100 million;
• annual production of approximately 30,000 Boe/d (approximately 35% oil and natural gas liquids); and
• average operating costs of approximately $10.00/Boe.

Trilogy is well-positioned to alter its capital spending program to reflect further market instability and is committed to operating within cash flow in this volatile commodity price environment.

Read more at https://www.stockhouse.com/news/press-releases/2015/01/15/trilogy-announces-2014-results-and-updates-2015-guidance#U3UsH4hfZ4XR8ol9.99

[novnew]

TET SP tanks due to downgrade by $10. Raymond James downgraded Trilogy Energy Corp. to "market perform" from "outperform" and cut its price target to $8.50 (Canadian) from $18. BNN TV states enormous debt of $750M.

[bigbird456]

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[bigbird456]

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[Oilmarket]

Too bad as this is the first "closer to realistic" forecast I have seen. Others that should be at the same "25%" of last years budget are still using higher than real price decks/forecast for today's situation.

[bigbird456]

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[toltonj]

zzzzzzzzzzzzzzzzz The turd can't even hold 5.70

[ValueCat]

too much leverage.  Would not be at all surprised to see a recap headed by the founding family.

[bigbird456]

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[toltonj]

yeah blame the Saudis and the oil speculators that drove the price up to begin with. Oil speculators are driving the market right now, not supply and demand! Reason why the price dropped is the speculators are moving money to the USD and because oil is pegged to the USD it is a direct inverse relationship to oil. Reverse the dollar, and get a rally in commodities but that's not going to happen

[toltonj]

All oil and gas companies are over leveraged, it is common in the industry.