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Last C$0.56 CAD
Change Today +0.02 / 3.70%
Volume 212.9K
CQE On Other Exchanges
Symbol
Exchange
Toronto
Berlin
As of 3:59 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

cequence energy ltd (CQE) Snapshot

Open
C$0.52
Previous Close
C$0.54
Day High
C$0.56
Day Low
C$0.52
52 Week High
08/21/14 - C$2.35
52 Week Low
07/27/15 - C$0.52
Market Cap
118.2M
Average Volume 10 Days
283.9K
EPS TTM
C$-0.0004
Shares Outstanding
211.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CEQUENCE ENERGY LTD (CQE)

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cequence energy ltd (CQE) Details

Cequence Energy Ltd. engages in the acquisition, exploration, development, and production of petroleum and natural gas reserves in Western Canada. Its principal properties are located in the Deep Basin area of Northwest Alberta; Peace River Arch area of Northwest Alberta; and Northeast British Columbia. Cequence Energy Ltd. owns a total of approximately 470,229 gross acres of oil and natural gas leases with approximately 56% average working interest. The company was formerly known as Sabretooth Energy Ltd. and changed its name to Cequence Energy Ltd. in July 2009. Cequence Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.

30 Employees
Last Reported Date: 03/5/15
Founded in 2000

cequence energy ltd (CQE) Top Compensated Officers

Chief Executive Officer, President, Non Indep...
Total Annual Compensation: C$325.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$250.0K
Chief Operating Officer, Member of Disclosure...
Total Annual Compensation: C$116.3K
Vice President of Geology
Total Annual Compensation: C$250.0K
Vice President of Land
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2014.

cequence energy ltd (CQE) Key Developments

Cequence Energy Ltd. and Kanata Energy Group Ltd. Jointly Fund Enhancement of Simonette Gas Compression and Dehydration Facility

Cequence Energy Ltd. has closed its previously announced transaction with Kanata Energy Group Ltd. pursuant to which Cequence sold a 50% interest in its existing Simonette facilities and related infrastructure and Cequence and KANATA agreed to jointly fund an enhancement of the 13-11-62-27W5M Simonette gas compression and dehydration facility. The facility enhancement includes adding a shallow cut refrigeration system and sales connection to TransCanada Corporations NGTL system that improve the company's marketing optionality and long-term flow assurance from the Simonette area. The refrigeration plant will be capable of processing 120 mmcf per day of liquids rich natural gas, which is expected to be sufficient to cover Cequences development drilling plans for several years. Proceeds of $34 million received by Cequence at closing of the sale of the existing Simonette facilities and infrastructure was applied to reduce the company's indebtedness, resulting in March 31, 2015, adjusted net debt of $49 million. Cequences borrowing base under its senior credit facilities has been set at $135 million subject to unanimous lender consent for amounts borrowed in excess of $120 million. The company's senior credit facility is currently undrawn.

Cequence Energy Ltd. Revises Earnings Guidance for the Full Year of 2015

Cequence Energy Ltd. revised earnings guidance for the full year of 2015. The company is providing updated outlook and guidance contingent on the closing of the transaction with Kanata Energy Group Ltd. For the period, the company expects average production of 11,500 BOE/d. Funds from operations expected to be $38,500,000 compared to previous guidance of $40,000,000. Funds from operations per share expected to be $0.19 compared to previous guidance of $0.18. Capital expenditures, net of dispositions expected to be $40,000,000 compared to previous guidance of $60,000,000. Year end 2015 net debt is expected to be $73 million based on the company's anticipated funds flow of $38.5 million.

Cequence Energy Ltd. Reports Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Capital Expenditure Guidance for the Year 2015

Cequence Energy Ltd. reported consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported production revenue of $23,594,000 compared to $41,095,000 a year ago. Comprehensive loss was $4,662,000 or $0.02 per basic and diluted share compared to comprehensive income of $512,000 or $0.00 per basic and diluted share a year ago. Funds flow from operations was $8,283,000 or $0.04 per basic and diluted share compared to $23,082,000 or $0.11 per basic and diluted share a year ago. Total capital expenditures were $19,647,000 compared to $55,318,000 a year ago. The decrease in funds flow from operations is due largely to lower oil and natural gas prices compared to the first quarter of 2014. For the quarter, the company reported total production volumes of 11,217 boe/d compared to 11,613 boe/d a year ago. For the full year 2015, capital expenditures are budgeted at $60 million and the company will continue to monitor fluctuations in commodity prices and may adjust capital spending based on the company's hedge position and short to medium term crude oil and natural gas prices.

 

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TEV/Sales 0.5x
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