Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, October 4, 2013

Article Excerpt

TRILOGY ENERGY CORP., $28.36, symbol TET on Toronto, is up over 9% since last week after it announced positive results from the 9-10 well at its Kaybob Montney operations in Alberta. Trilogy used horizontal drilling, which involves drilling down and then “across” to oil deposits, to reach the oil in the Kaybob Montney pool. It then used fracturing—collapsing rock using sand pumped at high pressure—to bring the oil to the surface. The well flowed at an early-stage rate of 438 barrels a day. To put that in perspective, Trilogy’s daily production averages 37,209 barrels of oil equivalent (including gas). The successful production also indicates that the oil pool likely extends beyond the previously identified boundaries. The company is forecast to report cash flow of $3.10 a share in 2013. The stock trades at 9.1 times that estimate. Trilogy Energy is still a hold. Please make sure you are logged in to your account to access these articles. Click here if you’ve lost your password. Trilogy…