Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$4.16 CAD
Change Today +0.02 / 0.48%
Volume 781.8K
SRX On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 4:00 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

storm resources ltd (SRX) Snapshot

Open
C$4.00
Previous Close
C$4.14
Day High
C$4.20
Day Low
C$4.00
52 Week High
10/1/14 - C$6.17
52 Week Low
01/19/15 - C$3.00
Market Cap
463.2M
Average Volume 10 Days
364.7K
EPS TTM
C$0.05
Shares Outstanding
111.4M
EX-Date
--
P/E TM
79.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for STORM RESOURCES LTD (SRX)

Related News

No related news articles were found.

storm resources ltd (SRX) Related Businessweek News

No Related Businessweek News Found

storm resources ltd (SRX) Details

Storm Resources Ltd. acquires, explores for, develops, and produces oil, natural gas, and natural gas liquids in the provinces of Alberta and British Columbia, Canada. It primarily owns interests in lands covering approximately an area of 100,000 net acres located in Umbach; undeveloped lands covering approximately an area of 78,000 net acres situated in Horn River Basin, Northeast British Columbia; and properties covering an area of 32,000 net acres located in Grande Prairie Area, Northwest Alberta and Northeast British Columbia. The company has total proved plus probable reserves of 88,024 thousands of barrels of oil equivalent. Storm Resources Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.

Founded in 2010

storm resources ltd (SRX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$208.6K
Chief Financial Officer
Total Annual Compensation: C$142.0K
Chief Operating Officer
Total Annual Compensation: C$202.8K
Vice President of Finance
Total Annual Compensation: C$202.8K
Compensation as of Fiscal Year 2014.

storm resources ltd (SRX) Key Developments

Storm Resources Ltd. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Production Guidance for the Fourth Quarter and Full Year of 2015; Provides Capital Expenditure Guidance for the Fourth Quarter and Raises Capital Expenditure Guidance for the Full Year of 2015; Provides Production and Capital Expenditure Guidance for the Fourth Quarter and Full Year of 2016

Storm Resources Ltd. announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue from product sales of CAD 18,461,000 compared to CAD 21,701,000 a year ago. Funds from operations were CAD 8,170,000 or CAD 0.07 per basic and diluted share compared to CAD 11,076,000 or CAD 0.10 per basic and diluted share a year ago. Net loss was CAD 4,191,000 or CAD 0.04 per basic and diluted share compared to net income of CAD 6,598,000 or CAD 0.06 per basic and diluted share a year ago. Operations capital expenditures were CAD 8,864,000 compared to CAD 33,640,000 a year ago. Funds from operations was CAD 9.31 per Boe, a year-over-year decrease of 58% with revenue per Boe declining by 52%, or CAD 22.59 per Boe, being partially offset by a cash hedging gain of CAD 2.02 per Boe. Capital investment totaled CAD 8.9 million with CAD 8.3 million for facilities and pipelines at Umbach. For the six months, the company reported revenue from product sales of CAD 36,972,000 compared to CAD 42,508,000 a year ago. Funds from operations were CAD 21,882,000 or CAD 0.20 per basic and diluted share compared to CAD 19,736,000 or CAD 0.18 per basic and diluted share a year ago. Net loss was CAD 7,756,000 or CAD 0.07 per basic and diluted share compared to net income of CAD 6,804,000 or CAD 0.06 per basic and diluted share a year ago. Operations capital expenditures were CAD 44,544,000 compared to CAD 55,983,000 a year ago. For the quarter, the company reported gas production of 46,391,000 cubic feet per day compared to 25,506,000 cubic feet per day a year ago. NGL production was 1,602 barrels per day compared to 762 barrels per day a year ago. Oil production was 323 barrels per day compared to 449 barrels per day a year ago. For the six months, the company reported gas production of 47,049,000 cubic feet per day compared to 24,613,000 cubic feet per day a year ago. NGL production was 1,548 barrels per day compared to 743 barrels per day a year ago. Oil production was 326 barrels per day compared to 420 barrels per day a year ago. For the fourth quarter of 2015, the company expects production of 11,000 ­ 12,000 Boe/d (19% oil + NGL) against previously expected production of 11,000 ­ 12,000 Boe/d (20% oil + NGL). For the full year of 2015, the company expects production of 14,000 ­ 15,000 Boe/d (18% NGL) against previously expected production of 14,000 ­ 14,500 Boe/d (19% oil + NGL). For the year 2015, the company raised capital budget to CAD 106 million from the previous spending plan of CAD 80 million. Total debt at the end of 2015 is forecast to be CAD 67.0 million. For the fourth quarter of 2016, the company expects production of 20,000 ­ 21,000 Boe/d (17% NGL) against previously expected production of 16,000 ­ 19,000 Boe/d (17% oil + NGL). For the full year of 2016, the company expects production of 16,000 ­ 19,000 Boe/d (17% oil + NGL). For the year 2016, the company is estimating capital spending of CAD 106 million. Capital investment in 2016 will also be directed entirely to Umbach and will include: CAD 64.0 million for drilling and completions; CAD 24.0 million to construct a third facility which will include a condensate stabilizer for planned start-up in early May 2016.

Storm Resources Ltd. to Report Q2, 2015 Results on Aug 13, 2015

Storm Resources Ltd. announced that they will report Q2, 2015 results After-Market on Aug 13, 2015

Storm Resources Ltd. Presents at EPAC Oil & Gas Investor Showcase, Jun-10-2015 09:55 AM

Storm Resources Ltd. Presents at EPAC Oil & Gas Investor Showcase, Jun-10-2015 09:55 AM. Venue: Metropolitan Conference Centre, 333 4th Avenue SW, Calgary, Alberta, Canada.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SRX:CN C$4.16 CAD +0.02

SRX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Arsenal Energy Inc C$2.45 CAD +0.39
Granite Oil Corp C$6.99 CAD +0.49
Molopo Energy Ltd A$0.17 AUD 0.00
Rock Energy Inc C$1.80 CAD -0.01
Sundance Energy Australia Ltd A$0.37 AUD +0.015
View Industry Companies
 

Industry Analysis

SRX

Industry Average

Valuation SRX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.5x
Price/Book 1.3x
Price/Cash Flow 16.1x
TEV/Sales 4.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact STORM RESOURCES LTD, please visit www.stormresourcesltd.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.