Last C$2.37 CAD
Change Today 0.00 / 0.00%
Volume 73.3K
RE On Other Exchanges
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As of 12:28 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

rock energy inc (RE) Snapshot

Open
C$2.42
Previous Close
C$2.37
Day High
C$2.45
Day Low
C$2.33
52 Week High
08/26/14 - C$7.96
52 Week Low
01/29/15 - C$2.32
Market Cap
96.5M
Average Volume 10 Days
308.0K
EPS TTM
C$0.08
Shares Outstanding
40.4M
EX-Date
--
P/E TM
31.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for ROCK ENERGY INC (RE)

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rock energy inc (RE) Details

Rock Energy Inc. is engaged in the exploration for, and development and production of crude oil and natural gas in Western Canada. The company owns an area of approximately 29,466 net acres of land in the Plains area heavy oil fairway of East Central Alberta and West Central Saskatchewan; and 25,381 net acres of land in the Greater Onward area of south west Saskatchewan. As of December 31, 2013, its gross interest reserves were 6.8 million barrel of oil equivalent (BOE) of proved reserves and 10.9 million BOE of proved plus probable reserves. The company was incorporated in 1988 and is headquartered in Calgary, Canada.

29 Employees
Last Reported Date: 03/21/14
Founded in 1988

rock energy inc (RE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$247.5K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$193.8K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: C$225.0K
Vice President of Exploration
Total Annual Compensation: C$199.8K
Compensation as of Fiscal Year 2013.

rock energy inc (RE) Key Developments

Rock Energy Reports Production Results for the Fourth Quarter and Full Year of 2014; Updates Guidance for 2015

Rock Energy Inc. provided a 2014 operations update and revised 2015 guidance. During the fourth quarter of 2014 the Company drilled a total of 27 (27.0 net) wells including 16 (16.0 net) Onward Viking Horizontal wells, 8 (8.0 net) Mantario wells, 1 (1.0 net) exploration well and 2 (2.0 net) dry and abandoned wells for an average success rate of 93%. Production during the fourth quarter averaged approximately 5,350 boepd (97% oil), and for the full year production is expected to average approximately 5,000 boepd. Mantario production in the fourth quarter averaged over 3,500 boepd. Onward Viking production during the fourth quarter was over 900 boepd from 47 of the 53 wells drilled into the play. Currently the Company is producing over 5,350 boepd including over 1,200 bopd of light oil from the Viking at Onward. For the full year of 2014 the Company drilled a total of 75 (75.0 net) wells including 39 (39.0 net) Onward Viking Horizontal wells, 21 (21.0 net) Mantario wells, 7 (7.0 net) Mannville wells, 2 (2.0 net) exploration wells and 6 (6.0 net) dry and abandoned wells for an average success rate of 92%. On November 5, 2014 Rock provided initial guidance for 2015 which included a capital spending program of $90 million generating average production of 5,400 boepd, assuming WTI would average $81.25 US/bbl for the year. Given the current level of crude oil prices, Rock has reduced its capital spending in 2015 to $25 million.

Rock Energy Inc. Presents at Southwest IDEAS Investor Conference 2014, Nov-20-2014 01:10 PM

Rock Energy Inc. Presents at Southwest IDEAS Investor Conference 2014, Nov-20-2014 01:10 PM. Venue: Marriott Quorom, 14901 Dallas Parkway, Addison, TX 75254, United States.

Rock Energy Inc. Announces Unaudited Consolidated Financial and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Rock Energy Inc. announced unaudited consolidated financial and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported crude oil and natural gas revenue was $32.995 million compared with $28.874 million for the same period last year. Funds from operations was $16.677 million or $0.40 diluted per share compared with $11.499 million or $0.29 diluted per share for the same period last year. Net income was $3.829 million or $0.09 diluted per share compared with $5.041 million or $0.13 diluted per share for the same period last year. Capital expenditures, net was $39.532 million compared with $12.530 million for the same period last year. Net debt was $39.4 million. For the nine months, the company reported crude oil and natural gas revenue was $102.858 million compared with $60.317 million for the same period last year. Funds from operations was $51.268 million or $1.23 diluted per share compared with $21.204 million or $0.54 diluted per share for the same period last year. Net loss was $5.178 million or $0.13 diluted per share compared with net income of $1.533 million or $0.04 diluted per share for the same period last year. Capital expenditures, net was $74.425 million compared with $29.547 million for the same period last year. For the quarter, the company reported crude oil and natural gas liquids of 4,531 bbls/d compared with 3,585 bbls/d for the same period last year. Natural gas was 1,293 mcf/d compared with 1,805 mcf/d for the same period last year. Barrels of oil equivalent was 4,747 mcf/d compared with 3,886 mcf/d for the same period last year. For the nine months, the company reported crude oil and natural gas liquids of 4,628 bbls/d compared with 3,023 bbls/d for the same period last year. Natural gas was 1,503 mcf/d compared with 2,279 mcf/d for the same period last year. Barrels of oil equivalent was 4,879 mcf/d compared with 3,403 mcf/d for the same period last year. For the remainder of 2014, the company is assuming that WTI averages $80.00 US/bbl (with December at $75.00 US/bbl), WTI - WCS differential averages $15.00 US/bbl, AECO gas price averages $4.00 CDN/mcf and the exchange rate averages $1.13 CDN/US. Given these assumptions, the company is forecasting funds from operations of $66 - $68 million ($1.63 - $1.69/share). With the forecasted funds from operations and capital spending plan, the net debt at the end of the year is now targeted to be $63 - $65 million against its credit facility of $80 million. The board of directors have approved expansion of the 2014 capital program by $5 million to $115 million for the year. The fourth quarter of 2014 the company will invest approximately $40 million towards constructing infrastructure at Mantario, drilling the infill locations for the development of the Mantario pool, drilling the development wells in the Viking light oil play at Onward, and testing another 1 - 2 new exploration ideas at Onward and Mantario.

 

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