Fairborne Energy Ltd

$1.66 Outperform
Target: C$3.50
SymbolFEL.TO
ExchangeToronto
Trade Date-
Last Trade1.66
Change-0.04 - -2.35%
52-week Range1.38 - 5.15
Market Cap170.3M
Volume27515
Dividend YieldN/A
Price/Sales1.00
P/E Ratio130.77
This research is at least one month old. To access the latest research, please login or register now for a Market Research account.
Enter your Andrew Johns username.
Enter the password that accompanies your username.


FEL: Cuts Spending in First Half of 2012; Initiates Strategic Review 2012-03-19
FEL: Operating Results Positive Amid Weak Gas Prices 2012-01-19
FEL: 3Q CFPS Better Than Expected On Lower Costs 2011-11-04
FEL: 2Q Results In-Line; Operations on Track 2011-08-05
FEL: Operations In-Line; Reiterate Outperform Rating 2011-05-26
FEL: Completes Construction of Marlboro Gas Plant 2011-05-05
Fairborne Energy is an exploration and production company. The Company is engaged in the business of exploring for, developing, acquiring and producing crude oil and natural gas in Western Canada. Fairborne’s portfolio is concentrated in four main core areas in Alberta, Saskatchewan and Manitoba. These areas include Clive, Harlech, Marlboro and Sinclair.

In 2010, its natural gas production of 67.1 million cubic feet per day. During 2010, its crude oil and natural gas liquid (NGL) production was 3,969 barrels per day. On February 17, 2011, Fairborne entered into a property disposition, which included undeveloped land, facilities and approximately 1,830 barrel of oil equivalent per day (60% natural gas and 40% oil and NGL’s) from producing properties in the Peace River Arch and Brazeau area of north and west central Alberta.
Fairborne Announces Closing of $80 Million Asset Divestiture
Energy Digital (press release) - 40 minutes ago
CALGARY, ALBERTA--(Marketwire - May 16, 2012) - Fairborne Energy Ltd. ("Fairborne" or the "Company") (TSX:FEL) is pleased to announce that it has closed its previously announced sale of properties in the greater Sinclair area of south west Manitoba and ...
Commodities Sink Canadian Stocks as Jobs, Housing Boom
BusinessWeek - May 16, 2012
By Joseph Ciolli on May 16, 2012 Canada's commodity shares have fallen to their cheapest prices since the recession, wiping out the stock market's best start to the year since 2004 as global economic concerns overshadowed the best two-month job growth ...
Fairborne Announces First Quarter 2012 Results
Marketwire (press release) - May 8, 2012
CALGARY, ALBERTA--(Marketwire - May 8, 2012) - Fairborne (TSX:FEL) is pleased to provide this summary of its financial and operating results for the first quarter of 2012.
Fairborne Energy Ltd. Provides Update to Its Bank Credit Facilities and the ...
Energy Digital (press release) - May 3, 2012
CALGARY, ALBERTA--(Marketwire - May 2, 2012) - Fairborne Energy Ltd. (TSX:FEL) ("Fairborne" or the "Company") is pleased to provide the following updates: Fairborne's banking syndicate has updated the Company's credit facilities after its recently ...
Fairborne Energy Ltd. Announces Strategic Asset Sale
Reuters Key Development - Apr 16, 2012