Energy Prospectus

First Call's current price target is $0.73Cdn per share.

Trading volume on the venture exchange is more that 3X higher today than normal daily volume.

Update from Research Capital dated 4-18-2024 "With improved oil prices, ROK has added a 6 well drilling program. Two of the planned wells offset the company’s best Frobisher well drilled to date which could boost production in Q3/24. ROK’s lithium brine play seems to be progressing quickly whic...

Remember back in 2022 when the collective West (NATO and the U.S.) promised plenty of weapons to Ukraine to win the war against the Russians? Ukraine was promised HIMARS precision guided artillery, Storm Shadow cruise missiles, Patriot anti-missile batteries, Leopard tanks from Germany, Challenger t...

I spent this morning updating my forecast/valuation model for ROK. The Company reported a loss for the year 2023, which included several 1-time items: $7.3 million loss in Q1 on a debt settlement, $5.7 million gain on acquisitions in Q1, $8.9 million non-cash impairment charge in Q4 and a $5.9 milli...

ROK has an ongoing lithium project that has significant upside potential for shareholders of ROK. The Preliminary Economic Assessment completed in early 2024 estimated the potential of the project to be Pre‐tax $1.49 billion USD NPV, at an 8% discount rate. ROK owns 25% of the equity. My current va...

All of the stocks "weakened" a bit this week because of the confusion about oil prices and war in the Middle East. HFI pointed out recently, and I agree with them, that geopolitical "noise" actually seldom turns into a real supply/demand problem and the "noise" distract...

ROK announced Q4 results this morning, but I need more details before I can update my forecast/valuation model. Best news is that Q4 funds flow from operations beat my forecast and their production guidance for 1H 2024 is higher than my forecast. Looking forward: REGINA, SK / ACCESSWIRE / April 18, ...

I have updated my forecast model for Hemisphere for actual Q4 2023 (better than my forecast) and their fresh guidance for 2024. The Company's production will be down from Q4 to Q1 just due to weather, then ramp up into year-end. Due to their well completion schedule, most of the production growth wi...

Hemisphere is now aggressively buying back their stock, which is increasing per share valuation. From 12-31-2023 through 4-17-2024 the Company's common stock outstanding declined from 99,340,339 to 97,951,229, a 1.4% decline. Operations Update and Outlook 2023 was another rewarding year for Hemisphe...

2023 Highlights Increased fourth quarter production by 16% to a record of 3,386 boe/d (99% heavy oil), and annual production by 11% to 3,125 boe/d (99% heavy oil), as compared to 2022. < Slightly higher than my forecast of 3,375 Boe per day. Achieved annual revenue of $84.5 million, with adjusted fu...