Rising output in store for these producers

Article Excerpt

TRILOGY ENERGY CORP. $14.29 (Toronto symbol TET; TSINetwork Rating: Speculative) (403-290-2900; www.trilogyenergy.com; Shares outstanding: 84.2 million; Market cap: $1.2 billion; Dividend yield: 2.9%) owns oil and gas properties in the Kaybob and Grande Prairie areas of central Alberta. About 81% of Trilogy’s production is natural gas. The remaining 19% is oil. In the three months ended September 30, 2010, Trilogy produced 22,462 barrels of oil equivalent per day (this figure includes natural gas). That was down 6.7% from 24,087 barrels a year earlier. Because of the lower production, cash flow per share fell 3.4%, to $0.28 from $0.29 a year earlier. However, Trilogy started up a number of new oil wells after the quarter ended. That pushed up average daily production to 25,000 barrels a day by the end of 2010. In 2011, the company plans to spend $130 million on drilling, and aims to further increase its production to an average of at least 26,500 barrels per day. The company’s debt now stands at…