Kiwetinohk Energy Corp T.KEC

Alternate Symbol(s): KWTEF

Energy Oil & Gas E&P

Kiwetinohk Energy Corp. (Kiwetinohk) is a Canada-based energy transition company, which provides clean, reliable, dispatchable, and affordable energy. The Company develops and produces liquids-rich natural gas and related products and is in the process of developing renewable and natural gas-fired power generation projects with a vision of also incorporating carbon capture technology and hydrogen production, all as part of a broader, integrated portfolio of clean energy assets. The Company’s upstream business unit is involved in the acquisition, exploration and production of petroleum and natural gas reserves in Western Canada, with a focus on liquids-rich natural gas properties. Its Green Energy business unit is pursuing greenfield and examining brownfield development opportunities across a diversified Alberta- based power generation project portfolio that includes renewable solar, and natural gas-fired power with carbon capture and storage (CCS).

TSX:KEC - Post by User

Kiwetinohk Energy Corp

<< Previous

Bullboard Posts

Next >>

Post by retiredcfon Jun 20, 2022 8:58am

74 Views

Post# 34768349

RBC Notes

June 20, 2022

RBC Canadian E&P
Weekly Review and Valuation Tables
Please see our company estimates based on WTI, Henry Hub, and AECO futures in Exhibits 4–8. RBC pricing in Exhibits 9–13.

News items this week

Athabasca Oil (TSX: ATH) – Model Update. We updated our Athabasca Oil model to incorporate updated realizations and natural gas intensity assumptions pertaining to thermal operating expenditures. Production estimates remain unchanged; CFPS estimates increase 4%/7% in 2022E/2023E on reduced operating costs. See our note here.
Canadian E&P Perspectives: WCSB top wells for April 2022. A total of 187 wells were brought on production in April 2022 versus 162 in April 2021, representing an increase of 15%. See our note here.
Canadian E&P Perspectives: Licensing Trends – May 2022. A total of 468 oil & gas wells were licensed across the WCSB in May 2022, up 23% y/y from 382 wells in May 2021 and up 48% compared to the 316 wells licensed in April 2022. Through May 2022, there have been 1,740 oil & gas wells licensed, up 28% compared to this time last year. See our note here.
Cardinal Energy (TSX: CJ) – Warrant exercise accelerates debt reduction. Cardinal announced that all outstanding warrants have been exercised in exchange for common shares, amounting to $12.4 million in proceeds. Management utilized proceeds to pay down debt, which is well ahead of management's initial budget. We view the update constructively with Cardinal well positioned for incremental shareholder returns. See our note here.
Kiwetinohk Energy Corp. (TSX: KEC) – Operations Update: Volumes in good shape with new solar project acquired. Kiwetinohk Energy provided a brief operational update highlighted by strong current volumes, the acquisition of a new solar project in Alberta, and an updated (higher) capital cost estimate for Solar 1. The company remains in good shape to meet or exceed annual guidance with commodity price tailwinds in place, and we reiterate our Outperform, Speculative Risk rating. See our note here.
Lucero Energy Corp. (TSX: LOU) – Retail Call Highlights. We hosted Brett Herman, President and CEO of Lucero Energy Corp, for a retail call following Q1/22 results. See our note here.

Weekly changes

Calendar 2022/2023 WTI futures decreased 4.7%/6.3% week-over-week. Calendar 2022/2023 Henry Hub futures fell 13.0%/17.4% week- over-week for 2022/2023.
We are updating our estimates for CJ, GTE, NVA, and TOU. Please see Exhibit 3 for details.