TD starts coverage re. Advantage O/G
Ctrl/Cmd+V)Energy Producers - Intermediate
Recommendation: BUY?
Unchanged
Risk: HIGH
12-Month Target Price: C$6.00?
Unchanged
12-Month Total Return: 36.4%
Market Data (C$)
Current Price $4.40
52-Wk Range $2.54-$4.68
Mkt Cap (f.d.)($mm) --
Mkt Cap (basic)($mm) $741.0
Dividend per Share --
Dividend Yield --
Avg. Daily Trading Vol. (3M-All Exch) 799766
Financial Data (C$)
Fiscal Y-E December
Shares O/S (f.d.)(mm) --
Shares O/S (basic)(mm) 168.4
Float Shares (mm) --
Net Debt ($mm) $272.0
Net Debt/Tot Cap --
Estimates (C$)
Year 2011A 2012A 2013E 2014E
CFPS (basic) 0.91 0.37 0.64 0.91
Oil (b/d) 2,863 1,337 998 1,034
Gas (MMcf/d) 123.2 122.0 106.2 132.5
MBOE/d 23.4 21.7 18.7 23.1
CFPS (basic) Quarterly Estimates (C$)
Year 2011A 2012A 2013E 2014E
Q1 -- 0.10 0.15 0.21
Q2 -- 0.06 0.15 0.23
Q3 -- 0.08 0.14 0.23
Q4 -- 0.12 0.20 0.24
Valuations
Year 2011A 2012A 2013E 2014E
EV/DACF 8.2x 11.7x 8.6x 6.7x
P/NAV -- -- 62.0% --
Supplemental Data
Year 2011A 2012A 2013E 2014E
WTI (US$/bbl) $95.00 $94.14 $92.50 $90.00
NYMEX (US$) $3.98 $2.75 $3.75 $4.00
AECO (C$) $3.62 $2.38 $3.35 $3.60
F/X (US$) $1.01 $1.00 $1.00 $1.00
All figures in C$, unless otherwise specified.
Michael