Edge Res.mit Nichol und Cooper von Aroway Energy

Kaufempfehlung von Merchant, merchant sieht faire derzeitige Bewertung bei 33 cent mit Potenzial nach oben. We estimate production will be 814 boe/d in the first quarter of 2012. Cash flow per boe will increase as Edge’s oil weighting grows from 42% in Q1 2012 to 79% by Q1 2014. We believe Edge represents excellent value based on our DCF valuation and the company’s EV to expected EBITDA multiple of 2.8x (for the year ending 31 March 2014). Edge Resources (EDE.TSX-V) Onshore Canadian Oil Edge Resources recently acquired an attractive heavy oil asset that provides immediate production, scope for material low-risk growth and additional exploration upside. A subsequent equity raise of $CAD 4.5M with a globally recognised institutional investor provides the company with the capital it needs to develop its newly acquired assets. ? Target Price: We are updating our target price for Edge Resources to $CAD 0.33/share, based on the discounted value of the company&r [mehr]

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Edge Res.mit Nichol und Cooper von Aroway Energy