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Terra Energy (TTRHF)

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Last Post: 9/30/2005 10:44:08 AM - Followers: 3 - Board type: Free - Posts Today: 0

Terra Energy is a Canadian junior energy company formed in January 2004. The company has grown very rapidly thru acquisition and drill bit. Here are some growth statistics from 3/31/05 report 3/31/05 3/31/04 % INC Average Production 2,155boepd 946boepd 128 Exit Production 2,591 1,180 120 Undeveloped Land 84,458 11,296 648 Company is guiding for 4000boepd to exit 2005. In the most recent qtr, Terra lost 1 million dollars. However after adjusting for .5 million tax credit and 3 million in noncash financing fee, they made operating profits of 1.5 million or C$.03. Q2 should be solidly profitable without the one time fee and should be in the C$.04-.05 range. Results should improve dramatically later in the year as the production increases into the 3,000bpd range. The increased production should be accentuated by the normal increases in ngas pricing during winter 2005-6. Terra is currently weighted 75% ngas. Their oil production is 30% heavy oil that has suffered with recent wide spreads reaching $10 from light sweet pricing. Terra also has 55,000barrels of oil to deliver at C$35-36 before yearend. Overall this is an undervalued energy stock with rapidly increasing production. In addition to the increased production and related revenues, the company has authorized a 5% stock buyback program to help reduce the undervaluation. Bobwins ANALYST COVERAGE Both of these reports support the undervaluation of Terra. http://terraenergy.ca/extras/research_capital_june_05.pdf http://terraenergy.ca/extras/TTR_initiating_cov_05.pdf EARNINGS REPORTS http://www.sedar.com/csfsprod/data57/filings/00788945/00000001/s%3A%5C526ttr_MDA.pdf DRILLING PROGRAM $30 million dollar budget with minimum of 28 wells. http://www.sedar.com/csfsprod/data55/filings/00769224/00000001/s%3A%5C425ttr.pdf STOCK BUYBACK Authorized to buyback 5% or 1,250,000 shares http://www.sedar.com/csfsprod/data55/filings/00767164/00000001/s%3A%5C419ttr.pdf Company website www.terraenergy.ca Company Contact Mr. Bud Love Vice-President of Finance and Chief Financial Officer (403) 699-7777
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#13   Interesting ~ Terra Energy halted at the open CrocHntr 09/30/05 10:45:06 AM
#12   Terra Energy's financing is oversubscribed Tackler 07/15/05 11:11:36 AM
#11   Bob......another item re Sterling designer 07/08/05 09:04:45 PM
#10   Bob....I hope it is OK to post some designer 07/08/05 09:02:22 PM
#9   Thanks, I guess growing this fast does Bobwins 07/08/05 09:28:38 AM
#8   Bobwins.......I have a friend in Canada who researches designer 07/08/05 07:30:41 AM
#7   Not sure they can publicize Canadian broker analyst Bobwins 07/07/05 03:00:22 PM
#6   Terra does need to do a better job coffee221 07/07/05 02:56:33 PM
#5   Thanks coffee221. Put them in the ibox. Bobwins 07/07/05 02:50:24 PM
#4   There is a new analyst report from Wolverton coffee221 07/07/05 02:13:08 PM
#3   CrocHntr... I agree about the Canadian juniors. Bobwins 06/23/05 12:43:27 PM
#2   Looks like it's moving closer to 1.70 already CrocHntr 06/23/05 11:49:24 AM
#1   Terra moved up a bit yesterday at +.11 Bobwins 06/23/05 09:22:51 AM