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Last C$0.05 CAD
Change Today 0.00 / 0.00%
Volume 125.2K
AXL On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 3:54 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

anderson energy inc (AXL) Snapshot

Open
C$0.05
Previous Close
C$0.05
Day High
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Day Low
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52 Week High
09/8/14 - C$0.33
52 Week Low
08/24/15 - C$0.03
Market Cap
7.8M
Average Volume 10 Days
602.5K
EPS TTM
C$-0.13
Shares Outstanding
172.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ANDERSON ENERGY INC (AXL)

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anderson energy inc (AXL) Details

Anderson Energy Inc., acquires, develops, and produces conventional oil and natural gas properties in western Canada. It primarily focuses on the Cardium horizontal oil wells. The company’s principal property is the Greater Willesden Green area located in Calgary, Alberta. As of December 31, 2014, its proved plus probable reserves were 9,210 MMBOE. The company was founded in 2002 and is headquartered in Calgary, Canada. As of January 23, 2015, Anderson Energy Ltd operates as a subsidiary of Freehold Royalties Ltd.

26 Employees
Last Reported Date: 03/31/15
Founded in 2002

anderson energy inc (AXL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$346.3K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$279.8K
Chief Operating Officer
Total Annual Compensation: C$279.8K
Vice President of Drilling and Completions
Total Annual Compensation: C$250.1K
Vice President of Land
Total Annual Compensation: C$238.8K
Compensation as of Fiscal Year 2014.

anderson energy inc (AXL) Key Developments

Anderson Energy Inc. Reports Unaudited Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production Guidance for the Third Quarter of 2015

Anderson Energy Inc. reported unaudited earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported oil and gas sales of $7,092,000 against $14,641,000 a year ago. Revenue, net of royalties was $6,629,000 against $13,510,000 a year ago. Funds from operations were $1,456,000 or $0.01 per basic and diluted share against $5,458,000 or $0.03 per basic and diluted share a year ago. Adjusted loss before taxes was $4,037,000 or $0.02 per basic and diluted share against $993,000 or $0.01 per basic and diluted share a year ago. Loss was $4,053,000 or $0.02 per basic and diluted share against $993,000 or $0.01 per basic and diluted share a year ago. For the six months, the company reported oil and gas sales of $14,081,000 against $29,163,000 a year ago. Revenue, net of royalties was $12,882,000 against $26,705,000 a year ago. Funds from operations were $1,731,000 or $0.01 per basic and diluted share against $10,996,000 or $0.06 per basic and diluted share a year ago. Adjusted income before taxes was $20,263,000 or $0.12 per basic and diluted share against adjusted loss before taxes of $449,000 or $0.00 per basic and diluted share a year ago. Earnings were $19,870,000 or $0.12 per basic and diluted share against loss of $449,000 or $0.00 per basic and diluted share a year ago. For the second quarter production (2,260 BOED) decreased from the first quarter (2,704 BOED) in part due to the sale of approximately 500 BOED of non-core, predominantly shallow gas assets as part of a corporate reorganization completed on January 23, 2015. In addition, approximately 125 BOED of Cardium production was shut-in in the second quarter as a result of the TransCanada Pipelines Ltd. outages, which was reduced from approximately 320 BOED in the first quarter of 2015. Cardium production was 1,776 BOED (55% oil, condensate and NGL) in the second quarter of 2015. Corporate production for the month of June 2015 was 2,489 BOED (47% oil, condensate and NGL). On a per BOE basis, oil and gas revenue averaged $34.48 per BOE in the second quarter of 2015 compared to $28.72 per BOE in the first quarter of 2015. During the second quarter of 2015, oil, condensate and NGL revenue represented 76% of total revenue. The Company's operating netback was $21.54 per BOE in the second quarter of 2015 compared to $14.98 per BOE for the first quarter of 2015. The increase in operating netback in the second quarter was driven by higher oil and condensate prices. Anderson's operating netback for Cardium properties in the second quarter of 2015 was $28.77 per BOE compared to $22.14 per BOE in the first quarter of 2015. Production for the first six months of 2015 was 2,481 BOED (46% oil, condensate and NGL), exceeding the company's earlier guidance of 2,200 to 2,400 BOED (46% oil, condensate and NGL). TCPL outages were approximately 222 BOED, in the first half of the year, approximately 36% less than forecast as the company was able to mitigate the impact of the TCPL outages by moving firm service to different receipt points on the TCPL system and some of the estimated June 2015 TCPL outages were delayed to July 2015. The company expects production for the third quarter of 2015 to be 1,800 to 2,000 BOED (45% oil, condensate and NGL), assuming an estimated impact of TCPL outages of approximately 200 BOED and the successful closing of the shallow gas disposition in the third quarter.

Anderson Energy Inc. to Report Q2, 2015 Results on Aug 13, 2015

Anderson Energy Inc. announced that they will report Q2, 2015 results After-Market on Aug 13, 2015

Anderson Energy Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Production Results for the First Quarter of 2015; Provides Production Guidance for the First Half of 2015

Anderson Energy Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue, net of royalties of CAD 6,253,000 against CAD 13,195,000 for the same period a year ago. Funds from operations were CAD 275,000 or CAD 0.00 per basic and diluted share against CAD 5,538,000 or CAD 0.03 per share basic and diluted a year ago. Adjusted earnings before taxes were CAD 24,300,000 or CAD 0.14 per basic and diluted share compared to CAD 544,000 or CAD 0.00 per basic and diluted share a year ago. Earnings were CAD 23,923,000 or CAD 0.14 per basic and diluted share against CAD 544,000 or CAD 0.00 per basic and diluted share a year ago. Capital expenditures were CAD 28,158,000. Earnings from operating activities for the first quarter ended March 31, 2015 were CAD 26.53 million, compared to CAD 3.12 million for the same quarter ended March 31, 2014. Oil and gas sales for the first quarter ended March 31, 2015 were CAD 6.99 million, compared to CAD 14.52 million for the same quarter ended March 31, 2014. The company reported production results for the first quarter of 2015. Production in the first quarter of 2015 was 2,704 BOED (46% oil, condensate and NGL), compared to 3,396 BOED (35% oil, condensate and NGL) for the fourth quarter of 2014. Production was affected by the sale of approximately 500 BOED of non-core, predominantly shallow gas production as part of a corporate reorganization completed on January 23, 2015. Production was also affected by the shut-in of approximately 320 BOED of Cardium production as a result of the TransCanada Pipelines Ltd. outages. Cardium production was 2,006 BOED (58% oil, condensate and NGL) in the first quarter of 2015. The company is currently marketing the remainder of its shallow gas assets for disposition in the second quarter of 2015. The company estimates production will be 2,200 to 2,400 BOED (46% oil, condensate and NGL) in the first half of 2015, net of the impact of approximately 500 BOED of production sold on January 23, 2015. As the TCPL outages in the first quarter of 2015 were less than originally estimated, the production estimate for the first half of the year is now expected to be at the higher end of this range, assuming TCPL outages of approximately 370 BOED in the second quarter. Field capital spending is estimated to be CAD 7 million for the first half of 2015, most of which occurred in the first quarter of the year. The company has shut in or is proceeding to abandon 172 BOED of shallow gas production in the first half of the year. The capital budget will be revisited in the second half of the year and the company will be in a better position to provide full year production and capital guidance at that time.

 

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