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Monday, June 3, 8:10 AM Sanchez Energy (SN) raises its 2013 capex budget to ~$475M vs. the previously announced $347M, with more than 90% of the spending directed to the drilling and completion of ~47 net wells. SN estimates its 2013 production exit rate at 15K-17K boe/day vs. its 2012 exit rate of ~4.5K boe/day. Comment! [Energy]
Wednesday, May 8, 6:29 AM Sanchez Energy (SN): Q1 EPS of $0.13 misses by $0.03. Revenue of $30.8M beats by $0.24M. (PR) Comment! [Earnings, Breaking News]
Tuesday, April 23, 10:46 AM Sanchez Energy (SN +5.9%) estimates Q1 production of 355M boe, a 106% Q/Q increase and 320% Y/Y, with current production in excess of 6K boe/day. Says five new Prost wells in the Marquis area have come online, with average initial production rates of 1,044 boe/day; three new Palmetto wells have come online with average initial production rates of 1,200 boe/day. Comment! [Energy, On the Move]
Thursday, March 21, 2:51 PM Investors may be coming around to Sanchez Energy (SN +2.5%) CEO Tony Sanchez's declaration to Jim Cramer that the recent acquisition of 43K Eagle Ford acres would be "transformational" for the company, as shares have slowly picked up steam during the week. For his part, Cramer thinks SN got "a great deal" which makes it a major Eagle Ford player. 1 Comment [Energy, On the Move]
Tuesday, March 19, 2:43 PM The $265M Sanchez Energy (SN -1%) is paying Hess (HES -3.5%) for 43K acres of south Texas shale is much lower than the $820M Tudor Pickering expected, which "highlights softness in non-core Eagle Ford" shale market. The firm says the deal does not bode well for Chesapeake (CHK -5.2%); applying the price Hess received implies a $600M value to CHK's land vs. Tudor's earlier estimate of $1.25B. 3 Comments [Energy, On the Move]
Monday, March 18, 4:24 PM Sanchez Energy (SN) agrees to purchase Eagle Ford assets in south Texas consisting of ~13.4M boe of proved reserves, 4,500 boe/day of current production and ~43K net acres from Hess (HES) for $265M. SN says the acquisitions increase current production 115% over its 3,800 boe/day average in the first two months of 2013 and and raises proved developed reserves by 178%. Comment! [Energy]
Thursday, March 7, 4:02 AM Sanchez Energy (SN): Q4 EPS of $0.05 misses by $0.11. Revenue of $16.7M (+259% Y/Y) misses by $8M. (PR) Comment! [Earnings, Breaking News, Energy]
Monday, February 4, 4:47 PM Sanchez Energy (SN) announces a 2013 capex program of ~$347M, and estimates a 2013 year-end production exit rate of 8,500-9,500 boe/day vs. a 2012 exit rate of 4,500 boe/day. SN expects to significantly increase drilling and completion activity in the Palmetto and Marquis areas. Comment! [Energy]
Tuesday, January 15, 11:38 AM Stephens analyst William Butler remains cool on natural gas but is bullish on the energy sector, seeing upside for various small and large companies. On his Best Ideas list: Sanchez Energy (SN), which expects to grow to 6.6K boe/day next year - 330% growth, with 85% of it in oil; SN also boasts 10 years of drilling inventory and a sound balance sheet. He also likes CPE, QEP, HK, CXO, GPOR. 2 Comments [Energy, Quick Ideas]
Friday, January 4, 11:47 AM Sanchez Energy (SN +5.1%) initiated with a Buy rating at C.K. Cooper, which notes SN is in the early stages of developing its properties and is focused on an oil-weighted Eagle Ford development program. The firm finds significant upside in the shares as SN rapidly accelerates its drilling program and grows its reserves, production and cash flow. Comment! [Energy, Quick Ideas, On the Move]
Tuesday, December 11, 2012, 10:58 AM Sanchez Energy (SN +2%) provides an interim update of its Eagle Ford shale production and operations, estimating its current net production rate at ~4,400 boe/day, of which ~84% was oil, up 159% Q/Q. SN says it is running two rigs in the Palmetto area, one rig in Maverick and two rigs in Marquis; it expects to spud up to five wells by year-end 2012. Comment! [Energy, On the Move]
Monday, October 29, 2012, 9:43 AM Sanchez Energy (SN) provides a Q3 update: Its net production exit rate at Sept. 30 was ~1,700 boe/day (~86% oil), a 42% Q/Q increase and a 350% Y/Y increase. Q4 production is expected to "significantly increase" during Q4 as seven wells are added; reaffirms 2012 production exit rate guidance range of 4K-%k boe/day. Comment! [Energy]
Monday, October 1, 2012, 11:33 AM Sanchez Energy (SN -1.2%) plans to accelerate its 2012-13 drilling program in the Eagle Ford shale with $144M in proceeds from a private placement of preferred stock. With each of its three major Eagle Ford project areas materially de-risked, SN says it has 800-1,200 net identified potential drilling locations. Comment! [Energy]
Wednesday, August 29, 2012, 10:25 AM Canaccord analyst John Gerdes handicaps his favorite E&P names in a new research note, writing that the price dynamic between crude oil and natural gas has led the industry to direct money away from gas activities and toward oil development, which carries higher margins. His favorites: APC, EOG, COG, SM, CRK, SN. Comment! [Energy, Quick Ideas]
Thursday, August 9, 2012, 8:54 AM Sanchez Energy (SN): Q2 EPS of breakeven may not be comparable to analyst consensus estimate of $0.03. Revenue of $6.3M (+62% Y/Y) misses by $1M. (PR) Comment! [Energy, Earnings]
Monday, August 6, 2012, 10:37 AM Sanchez Energy (SN +5.2%) reports its latest operations update: SN has five wells drilled, cased and waiting on completion; its Mark & Sandra #2H well was brought on line in late July with an initial daily production rate of 931 boe/day; and 3D seismic in the Palmetto area has been acquired and processed. Comment! [Energy, On the Move]

SN Sanchez Energy Corporation

SN

Sanchez Energy Corporation