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Last C$0.92 CAD
Change Today -0.04 / -4.17%
Volume 286.1K
As of 4:00 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

blackpearl resources inc (PXX) Snapshot

Open
C$0.95
Previous Close
C$0.96
Day High
C$0.96
Day Low
C$0.92
52 Week High
05/1/14 - C$3.15
52 Week Low
03/20/15 - C$0.65
Market Cap
308.8M
Average Volume 10 Days
1.1M
EPS TTM
C$0.08
Shares Outstanding
335.6M
EX-Date
--
P/E TM
11.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for BLACKPEARL RESOURCES INC (PXX)

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blackpearl resources inc (PXX) Details

BlackPearl Resources Inc., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas, primarily heavy oil and bitumen in Canada and the United States. The company holds interests in the Onion Lake oil property covering an area of approximately 8,960 net acres located in Saskatchewan; the Mooney oil property comprising an area of approximately 61,280 acres in north-central Alberta; and the John Lake oil property covering an area of approximately 4,480 acres in the Cold Lake oil sands region in east central Alberta. It also holds interest in the Blackrod oil sands project with oil sand leases and permits covering an area of approximately 49,060 acres in the Blackrod area of northern Alberta. In addition, the company holds interests in various other areas of Saskatchewan and Alberta, including Fishing Lake, Reita Lake, Portage, Salt Lake, and Unity, Canada; and in various areas in the United States. The company was formerly known as Pearl Exploration and Production Ltd. and changed its name to BlackPearl Resources Inc. in May 2009. BlackPearl Resources Inc. was incorporated in 1984 and is headquartered in Calgary, Canada.

34 Employees
Last Reported Date: 02/26/15
Founded in 1984

blackpearl resources inc (PXX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$250.0K
Chief Financial Officer
Total Annual Compensation: C$250.0K
Vice President of Operations
Total Annual Compensation: C$250.0K
Vice President of Exploration
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2013.

blackpearl resources inc (PXX) Key Developments

BlackPearl Resources Inc. Presents at FirstEnergy 2015 East Coast Energy Conference, Mar-11-2015 01:55 PM

BlackPearl Resources Inc. Presents at FirstEnergy 2015 East Coast Energy Conference, Mar-11-2015 01:55 PM. Venue: New York Palace, 455 Madison Avenue, New York, NY 10022, United States. Speakers: John L. Festival, Chief Executive Officer, President and Director.

Blackpearl Resources Inc. Announces Financial and Operating Results for the Fourth Quarter and Twelve Months Ended December 31, 2014

BlackPearl Resources Inc. announced financial and operating results for the fourth quarter and twelve months ended December 31, 2014. For the quarter, the company’s oil and natural gas revenue ­ gross was CAD 47.798 million in the fourth quarter of 2014 compared to CAD 54.072 million in the same quarter of 2013. The decrease in revenues is attributable to an 11% decrease in oil and gas production partially offset by a 2% increase in realized average crude oil sales prices. Net income in the fourth quarter of 2014 was CAD 16.254 million or CAD 0.05 per basic and diluted share compared to a CAD 0.226 million or CAD 0.00 per basic and diluted share in the fourth quarter of 2013. Net income in the fourth quarter of 2014 included CAD 20.7 million in unrealized gains on risk management contracts (oil price hedging contracts) the Company had previously entered into. Funds flow from operations in the fourth quarter of 2014 was CAD 19.716 million compared to CAD 20.735 million in the fourth quarter of 2013. The decrease reflects lower revenues in the fourth quarter of 2014. Capital expenditures in the fourth quarter of 2014 were CAD 57.700 million, a 154% increase compared to CAD 22.749 million for the fourth quarter of 2013. The majority of expenditures in the fourth quarter of 2014 related to the on-going construction of the Onion Lake thermal project. For the quarter, the company’s oil and gas sales volumes were an average of 9,639 boe per day during the fourth quarter of 2014 compared with 10,454 boe per day during the fourth quarter of 2013, and a 4% increase over production during the third quarter. The decrease in sales volumes was mostly attributable to natural production declines at Onion Lake and from the phase two lands at Mooney. In addition, production was lower in 2014 as a result of changing the focus of the company's 2014 capital spending program from short-term production growth activities to the construction of the first phase of the Onion Lake thermal project. For the year, the company’s oil and natural gas revenue ­ gross was CAD 228.345 million compared to CAD 222.157 million for the year 2013. Net income in the year 2014 was CAD 26.825 million or CAD 0.08 per basic and diluted share compared to a CAD 6.449 million or CAD 0.02 per basic and diluted share in the year 2013. Funds flow from operations was CAD 89.723 million compared to CAD 86.206 million for the year 2013. Capital expenditures were CAD 235.366 million compared to CAD 93.491 million for the year 2013. For the year, the company’s oil and gas sales volumes were 9,287 boe per day compared with 9,730 boe per day a year ago.

BlackPearl Resources Inc. Reports Production Results for the Fourth Quarter and Year Ended December 31, 2014

BlackPearl Resources Inc. reported production results for the fourth quarter and year ended December 31, 2014. For the quarter, total production was 9,639 boe/d against 10,454 boe/d a year ago. For the year, total production was 9,287 boe/d against 9,730 boe/d a year ago.

 

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Industry Analysis

PXX

Industry Average

Valuation PXX Industry Range
Price/Earnings 10.4x
Price/Sales 1.5x
Price/Book 0.4x
Price/Cash Flow 3.0x
TEV/Sales 1.4x
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