The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
RE: Elmworth Delineation Initiated
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KIM PAGE, Wellington West Capital Markets
(08/12/2010)
"Heavy oil focus continuing to deliver q/q growth but slight miss on Q2. RE reported Q2 volumes of 3,720 boe/d, up 5% q/q, slightly lower than 3,875 boe/d we expected. Mid- to long-term growth forecasts remain intact. . .Anticipating updates on heavy oil developments and Elmworth drilling. Key details on RE's Radcan and nitrogen-surfactant heavy oil-completion operations and results from Nikanassin/Montney drills expected this fall. Reiterate Strong Buy rating and $7.50 target price. Valuation is compelling, trading at 3.8x '11E EV/DACF vs. peers at 5.8x; we believe Elmworth acreage remains a call option on gas price recovery." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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