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Raging River Exploration Inc (RRX.TO)

RRX.TO on Toronto Stock Exchange

7.69CAD
18 May 2018
Change (% chg)

$-0.13 (-1.66%)
Prev Close
$7.82
Open
$7.80
Day's High
$7.83
Day's Low
$7.68
Volume
638,551
Avg. Vol
1,359,953
52-wk High
$8.89
52-wk Low
$5.51

Latest Key Developments (Source: Significant Developments)

Raging River Exploration Initiates Process To Review Strategic Repositioning
Monday, 5 Mar 2018 

March 5 (Reuters) - Raging River Exploration Inc ::RAGING RIVER EXPLORATION INC. INITIATES PROCESS TO REVIEW STRATEGIC REPOSITIONING, ANNOUNCES FOURTH QUARTER AND YEAR END 2017 OPERATING AND FINANCIAL RESULTS AND PROVIDES OPERATIONS UPDATE.RAGING RIVER EXPLORATION SAYS "‍BELIEVES THAT CURRENT TRADING PRICE OF ITS COMMON SHARES DOES NOT ADEQUATELY REFLECT UNDERLYING VALUE OF COMPANY​".RAGING RIVER EXPLORATION - TO IDENTIFY AND CONSIDER RANGE OF STRATEGIC ALTERNATIVES, INCLUDING A MERGER, CORPORATE SALE, CORPORATE RESTRUCTURING.RAGING RIVER EXPLORATION - BOARD APPOINTED INDEPENDENT COMMITTEE, CHAIRED BY INDEPENDENT DIRECTOR KEVIN OLSON, TO FACILITATE & LEAD STRATEGIC REVIEW.RAGING RIVER EXPLORATION INC - QTRLY FFO WAS $0.36 PER BASIC​ SHARE.RAGING RIVER EXPLORATION - GMP FIRSTENERGY HAS BEEN ENGAGED AS EXCLUSIVE FINANCIAL ADVISOR TO CO IN CONNECTION WITH REVIEW.RAGING RIVER EXPLORATION INC - QTRLY AVERAGE PRODUCTION OF 23,676 BOE/D, UP 16%​.RAGING RIVER EXPLORATION INC - ANTICIPATE Q1 2018 PRODUCTION TO AVERAGE 23,500 TO 24,000 BOE/D.RAGING RIVER EXPLORATION INC - ANTICIPATE Q1 2018 CAPITAL SPENDING TO BE APPROXIMATELY $110 MILLION TO $115 MILLION.RAGING RIVER EXPLORATION INC - 2018 AVERAGE PRODUCTION GUIDANCE OF 24,500 BOE/D REMAINS INTACT.  Full Article

Raging River Exploration Announces 2018 Capital Budget Of $335 Million
Thursday, 14 Dec 2017 

Dec 13 (Reuters) - Raging River Exploration Inc ::RAGING RIVER EXPLORATION INC. ANNOUNCES DUVERNAY LIGHT OIL DISCOVERY, OPERATIONAL UPDATE AND ANNOUNCES 2018 CAPITAL BUDGET OF $335 MILLION.RAGING RIVER EXPLORATION- ‍BUDGETED CAPEX EXPECTED TO INCREASE ANNUAL AVERAGE PRODUCTION IN 2018 TO 24,500 BOE/D (92% OIL).  Full Article

Raging River Exploration Inc. announces third quarter 2017 results
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Raging River Exploration Inc :Raging River Exploration Inc. announces third quarter 2017 operating and financial results and reaffirms credit facilities.Q3 FFO per share c$0.26.Raging River Exploration -quarterly average production of 23,011 boe/d an increase of 24% over comparable period in 2016​.‍increasing 2017 capital guidance to $365 million from $340 million​.Raging River Exploration Inc - ‍quarterly average production of 23,011 boe/d, an increase of 24%​.Raging River Exploration Inc-FY 17 ‍average production guidance maintained at 22,750 boe/d with Q4 average production expected to be about 23,300 boe/d​.  Full Article

Raging River Exploration Q2 production 22,015 boe/d
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Raging River Exploration Inc ::Q2 FFO per share C$0.28.Says achieved quarterly average production of 22,015 boe/d (91 pct oil), an increase of 38 pct.Raging River Exploration says ‍2017 capital budget and guidance remains unchanged ​.Raging River Exploration says ‍2017 annual average production of 22,750 boe/d and capital spending of $340 million​.Says generated field operating netbacks of $35.13/boe and funds flow netbacks of $32.42/boe in quarter.  Full Article

Raging River Exploration announces land position in Duvernay shale
Monday, 5 Jun 2017 

June 5 (Reuters) - Raging River Exploration Inc -:Raging River Exploration Inc announces land position in duvernay shale, operations update and management update.Raging River Exploration Inc - coleville gas plant shut-in at end of april 2017 has had a nominal impact to sales gas production.Raging River Exploration Inc - remain confident that previously guided q2 average production of 22,000 boe/d will be attained.Raging River Exploration - favourable field conditions permitted drilling activity to resume on may 20th, with four drilling rigs currently active.Raging River Exploration Inc - to date in q2 of 2017, have drilled 25 wells and have completed 40 wells.Raging River Exploration Inc - neil roszell, current president and ceo will continue as ceo as well as assuming role of executive chairman.Raging River Exploration-expects to drill first evaluation well into duvernay shale basin in q4 of this year with up to six additional evaluation wells drilled in 2018.Raging River Exploration - to date, co has accumulated about 100,000 net acres of land prospective for light oil in duvernay shale basin.  Full Article

Raging River Exploration Q1 FFO per share C$0.31
Tuesday, 9 May 2017 

May 9 (Reuters) - Raging River Exploration Inc :Raging river exploration inc. Announces first quarter operating and financial results, increases 2017 guidance and reaffirms credit facilities.Q1 FFO per share C$0.31.Achieved quarterly production record with average production of 22,755 boe/d (92% oil), an increase of 38%.Approved 2017 updated capital budget of $340 million, an increase of 10% from previously approved $310 million budget.Raging river exploration inc - syndicate of lenders underwriting company's credit facilities have unanimously reaffirmed borrowing base at $400 million.Estimate that q2 production levels will be approximately 3% lower than q1 production levels.Qtrly petroleum and natural gas revenue $112 million versus $50.4 million last year.  Full Article

Raging River Exploration responds to market speculation
Thursday, 6 Apr 2017 

Raging River Exploration Inc : Raging River Exploration Inc. responds to market speculation . Raging River Exploration Inc- will continue to engage financial advisors to assist in execution of its long term business plan .Raging River Exploration-GMP Securities l.p. had been engaged as financial advisor as part of process undertaken by board to explore ways to further business plan.  Full Article

Raging River Exploration qtrly EPS $0.08
Tuesday, 7 Mar 2017 

Raging River Exploration Inc : Qtrly earnings per share $0.08 . Q4 average production of 20,447 boe/d (92% oil) representing an increase of 38% over comparable period in 2015 . Raging river exploration- expects to show year over year production per share growth of about 26% and anticipate continued strong earnings growth in 2017 .At current 2017 strip, WTI oil prices of $55/bbl, anticipate 2017 funds flow from operations of about $310 million.  Full Article

Raging River Exploration qtrly EPS $0.08
Monday, 6 Mar 2017 

Raging River Exploration Inc : Qtrly earnings per share $0.08 . Q4 average production of 20,447 boe/d (92% oil) representing an increase of 38% over comparable period in 2015 . Raging river exploration- expects to show year over year production per share growth of about 26% and anticipate continued strong earnings growth in 2017 .At current 2017 strip, WTI oil prices of $55/bbl, anticipate 2017 funds flow from operations of about $310 million.  Full Article

Raging River Exploration Q4 production averaged about 20,400 boe/d
Wednesday, 8 Feb 2017 

Raging River Exploration Inc : Raging River Exploration Inc. announces 2016 year end reserves, preliminary 2016 results and operations update . Says Q4 2016 production averaged approximately 20,400 boe/d .Says total capital expenditures within Q1 are expected to be $100 million.  Full Article

UPDATE 1-CANADA STOCKS-TSX gives back most gains as oil stock increases offset metals' losses

TORONTO, March 15 Canada's main stock index erased most early gains to close little changed on Thursday, as increases in energy shares were offset by declines in metals.