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  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    I understood we should see some news next week on West Hazel production confirmation and an updated corporate presentation to be published on Aroway website shortly after.


    Also I found this analysis on a website based on news and share price moves, I don't take it seriously, but it is an interesting read:

    "Aroway Energy Inc is presently traded for 0.28 on TSX Venture Exchange of Canada. This company has historical hype elasticity of 0.18 and average elasticity to hype of competition of 0.15. Aroway Energy Inc is anticipated to increase in value after the next headline with price going to jump to 0.37. The average volatility of media hype impact on the company stock price is about 88.32%. The closing price rise on the next news is estimated to be 34.79% where as daily expected return is presently at 0.05%. The volatility of related hype on Aroway is about 102.87% with expected price after next announcement by competition of 0.43. Assuming 30 trading days horizon, the next anticipated press release will be in about 4 days."
    Apr 25, 2014. 04:29 PM | 1 Like Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    HME financials out, so I can compare ARW vs HME given comparable number of shares and both being Canadian junior oil companies

    Jun - Sep 2013
    ARW 400boed
    HME 461boed

    Oct - Dec 2013
    ARW 545boed , 3.1mil revenue
    HME 569boed, 2.9mil revenue

    Share price:
    ARW .30
    HME .70

    HME much bigger debt vs ARW, negative year end; expect ARW year end on the positive side in July and zero bank debt.
    Apr 16, 2014. 02:35 PM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    James West from MidasLetter, new article on Aroway: http://bit.ly/1kkPgGY
    Apr 15, 2014. 10:43 AM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    HME is a Canadian junior producer as well, has comparable number of shares, about the same production in the 500boed range and in the 600-700boed going forward, bigger debt than ARW, but has more brokerage support.
    Analyst target on HME is $1 - this is the report http://bit.ly/1g7xjH1

    There is no analyst coverage for ARW, but Kerrobert can be a big wild card and if successful there ARW will likely do a lot better than HME. Just my opinion.

    C.Cooper talking about 2500boed potential at Kerrobert, but I guess we need some more details on Kerrobert to really understand the potential.
    Apr 9, 2014. 01:16 PM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    Last quarter they realized 545boed from 1 well at Kirkpatrick and 3 wells at W.Hazel.

    They have now 2 wells at Kirkpatrick and 4 wells at West Hazel, and W.Hazel prod increased from 250boed to over 400boed, hopefully closer to 500boed.

    I assume going forward at least a conservative prod of 650 - 750 boed prod, which is not bad at all for a junior oil producer 97% oil, with soon to have zero bank debt.

    Looking good, and hopefully soon will move closer to similar peers like HME which trade at .72 on same number of shares, same production and bigger debt last time I checked.
    Apr 9, 2014. 12:26 PM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    I assume you already seen the article, you can see the 1 setback they had when they discovered Kirkpatrick pool, had a well producing really good flow and for 3 months the well had to be stopped to only 50boed from over 600boed due to the need to fill up a GPP application with Alberta regulatory until prod was restarted there. You can here the CEO in this recent interview before West Hazel was completed, talking about company properties:
    http://bit.ly/PRJ9P7

    However, they recovered good from the setback, last quarters being net positive, in the last few months they build up cash flow, repay their bank debt soon to be zero, drilled another well at Kirkpatrick in Dec 2013 and tied in in Jan 2014, upgrade West Hazel and drilled a new well at West Hazel last month, with no dilution.

    From what I know, they also have now a third property after a few months of due diligence, much bigger than Kirkpatrick and West Hazel: Kerrobert. Cooper and his engineers seems to think is low risk exploration with huge potential. They did a 3D survey on the property and I believe they finished analyzing data, and will begin drilling there after spring breakup.
    Apr 9, 2014. 11:44 AM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    news - new well completed, just announced today:

    Aroway Energy Inc. Puts New Oil Well on Production at West Hazel (accwire)
    Calgary, Alberta / ACCESSWIRE / April 8, 2014 / AROWAY ENERGY INC. (TSX-V: ARW) (OTCQX: ARWJF) (http://bit.ly/HiZjZz) (the "Company") is pleased to announce that it has drilled and completed a new oil well at the Company's 100% owned and operated West Hazel property. The oil well was drilled to a total measured depth of 608 meters and completed into the General Petroleum Formation. Completion and Equipping operations have been concluded and the well has been pipelined tied-in to Aroway's new water disposal facility and multi battery in order to begin oil production. Production rates from the West Hazel property will be released once stabilized production flow rates have been observed, which is expected in the next two weeks.
    Chris Cooper, President & CEO of Aroway Energy commented, "We are very pleased with the initial results from this first of a potential 4 infill wells we have planned for the West Hazel property. As a result of the newly installed disposal facility, we now have a total of 4 oil wells producing at this property yielding field netbacks of approximately $40 per barrel with operating costs of less than $14 per barrel making West Hazel a very economic asset. We are confident we will be able to achieve production rates in excess of 400 barrels per day from West Hazel as a result of our new oil well and water disposal facility."
    Apr 8, 2014. 08:56 AM | 1 Like Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    River18, I was saying 400boed because that's the minimum I expect from West Hazel, but according to Aroway management likely be close to 500boed; Hope we can get a public release confirmation on W.H. prod soon.
    If add the 200-300boed from Kirkpatrick, total prod should be in the 600- 700s boed range, which will be a great cash-flow for a junior producer soon to be debt free.
    Apr 7, 2014. 05:22 PM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    if Aroway now realizing a $14 cost savings per oil barrel ... on let's say around 400 boed production ... that means around $168,000 cost savings per month; current debt 1.1mil, should be zero by Jul 2014; sooner or later these simple facts may be noticed by the market;
    Apr 7, 2014. 04:20 PM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    agree with your .70 target on better production going forward. A bit of success at Kerrobert will probably add to that even more.

    Aroway progressed really good so far at Kirkpatrick and West Hazel, increase production/reserves, debt reduction, substantially cost savings with the upgrades.
    According to my DD there are some good developments going on and not announced yet, so they are due a good news release update regarding W.Hazel sometimes very soon.
    Apr 7, 2014. 10:35 AM | 1 Like Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    I think there are lots of reasons why valuation will eventually go up sooner or later. Last 2 quarters were net positive. Last quarter they realized 545boed, and they didn't have as many wells as they'll have going forward. They added recently a new well at Kirkpatrick which starting producing Jan 2014.
    West Hazel upgrades just announced to be completed on time and on budget which should bring in much better production, better reserves, lower cost.
    Also the lower debt to be zero by Jul 2014.

    The valuation didn't react yet to any of these, but in my opinion it should soon. Last piece of the puzzle that is missing is the confirmation of much better prod from West Hazel.

    Very near future I expect 2 more wells to be going on-line at W.H., if they are not yet, and after looking at last week SK government public oil wells license reports I expect some more good news from West Hazel very soon.
    Apr 1, 2014. 12:24 PM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    From what I understood should be a news released this week on West Hazel.
    Mar 25, 2014. 08:25 AM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    I am hoping to see .70s because similar companies trading at this level.
    Have a look at HME (TSXV) trading at .70 - .80, comparable numbers of shares, same environment - Canadian junior producer, comparable production but I expect Aroway to surpass HME production very soon after West Hazel is announced, last time I checked HME had even a bigger debt than ARW.

    Next few quarters going forward should have record revenue for Aroway given big jump in production and big cost savings.
    Mar 24, 2014. 01:00 PM | 2 Likes Like |Link to Comment
  • Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential [View article]
    West Hazel completion should be announced very soon. Much better production going forward for Aroway. I expect a big jump in valuation from current levels.
    Mar 18, 2014. 03:54 PM | 2 Likes Like |Link to Comment
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