The Falcon Oil and Gas share price is down today after the company announced that it would not be able to meet its production targets for the year. The stock is down 6% in early trading.
Falcon Oil and Gas said that it would produce between 1,500 and 2,000 barrels of oil equivalent per day this year, below its previous guidance of 2,500 to 3,000 boe/d.
The company blamed the lower production levels on delayed start-ups at its Australian and Kazakhstan operations.
Despite the lower production levels, Falcon said that it still expects to generate positive cash flow from operations this year. The company has hedged a majority of its production for the year at an average price of $85 per barrel of oil equivalent.
The share price of Falcon Oil and Gas (LSE: FO) has been on a roller coaster ride over the past year. After hitting an all-time high in May 2018, the stock plummeted to below $0.50 per share by December. However, it has since recovered and is now trading above $1 per share.
What’s driving this volatility? The main reason is that Falcon is a highly leveraged company with a lot of debt. This makes it very sensitive to changes in oil prices, which have been volatile over the past year.
Another factor that has played a role in the volatility of Falcon’s share price is the ongoing saga surrounding its Australian assets. In late 2017, the company announced that it was selling its Australian business toOrigin Energy for A$430 million (US$340 million). However, this deal has yet to close due to regulatory delays.
This has created uncertainty about the future of Falcon and weighed on its share price.
Despite these challenges, Falcon remains an interesting company with significant upside potential. It owns large tracts of land in some of the most prospective oil and gas basins in the world, including the Bakken shale play in North Dakota and the Canning Basin in Western Australia.
With oil prices currently on the rise,Falcon could be poised for a rebound in 2019 if everything goes according to plan.
Falcon Oil And Gas Share Price Forecast
As the oil and gas industry continues to experience turbulence, investors are looking for stability in Falcon Oil and Gas. The company has weathered the storm better than most of its peers, and its share price has held up relatively well.
Now, with crude prices on the rebound and production ramping up, there is reason to believe that Falcon could be poised for a strong second half of the year.
Let’s take a closer look at the factors that could impact Falcon’s share price in the months ahead.
Oil Prices: After a prolonged slump, oil prices have finally begun to rebound in recent months. crude has climbed back above $60 per barrel, and analysts believe it could continue to move higher in the months ahead.
If oil prices can maintain their upward momentum, it will be a tailwind for Falcon’s share price. Higher oil prices mean more revenue and profits for the company, which will eventually flow through to shareholders in the form of increased dividends and share buybacks.
Production: Another key factor to watch is production levels at Falcon’s various properties around the world.
The company has been ramping up production in recent quarters, and this trend is expected to continue in 2019.
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What is the Ticker Symbol for Falcon Oil & Gas Ltd
The ticker symbol for Falcon Oil & Gas Ltd. is FOG.
How Can I Buy Shares of Falcon Oil & Gas Ltd
If you’re looking to buy shares of Falcon Oil & Gas Ltd., there are a few things you should know. For starters, Falcon is an international oil and gas company with operations in Australia, the United States, and Canada. The company is listed on the Toronto Stock Exchange (TSX) under the ticker symbol “FO.”
As of March 2019, Falcon had a market capitalization of CAD$468 million.
There are a few different ways to buy shares of Falcon Oil & Gas Ltd. If you have a brokerage account, you can place an order to buy FO through your broker.
Alternatively, you can buy FO directly from the company via its direct share purchase plan (DSPP). Finally, if you don’t have a brokerage account or don’t want to go through the hassle of setting one up, you can use an online platform like ShareOwner that allows you to invest in Canadian stocks without a broker.
Once you’ve decided how you’re going to purchase your FO shares, it’s time to consider how many shares you want to buy.
When making this decision, it’s important to factor in both your investment goals and your risk tolerance. For example, if your goal is simply to generate income from dividends, then buying a large number of shares may not be necessary since dividend payments are typically relatively small compared to the overall price of the stock. On the other hand, if your goal is long-term capital appreciation then buying more shares will give you greater upside potential but also increase your risk exposure since stock prices can fluctuate wildly over time.
Ultimately, only you can decide how many shares of Falcon Oil & Gas Ltd. are right for your portfolio. However ,ifyou’re newto investing it might be wise to start slowly byonly purchasinga fewsharesat firstand then gradually increasingyour position asyou become more comfortable withthe risksand rewards associated with owning equity securities like FO .
What is the Current Share Price of Falcon Oil & Gas Ltd
(TSXV: FO)
As of 3:15pm EST on December 18th, 2020, the current share price of Falcon Oil & Gas Ltd. (TSXV: FO) is $0.30 CAD.
Falcon Oil & Gas Ltd. is a Canadian oil and gas exploration and production company with operations in Australia, South Africa, Hungary and the United States.
The company’s common shares are listed on the TSX Venture Exchange under the symbol “FO”.
In September 2020, Falcon divested its Australian assets for gross proceeds of A$39 million (approximately US$28 million). The divestment was undertaken as part of Falcon’s strategy to focus on its core asset in South Africa’s Karoo Basin.
The company has two main projects in development: the100%-owned Kyalla 117 Shale Project in Northern Territory, Australia; and the 100%-owned Beetaloo Sub-Basin Project in the southern half of the Northern Territory.
When Did Falcon Oil & Gas Ltd Go Public
Falcon Oil & Gas Ltd. went public on the Toronto Stock Exchange in May 2011 under the symbol “FO”. The company is based in Calgary, Alberta and is engaged in the exploration, development and production of oil and gas properties.
How Many Shares of Falcon Oil &Gas Ltd are Outstanding
As of May 1, 2020, there were approximately 560.3 million common shares of Falcon Oil & Gas Ltd outstanding.
FALCON OIL & GAS LTD. – Investor Presentation
Conclusion
The Falcon Oil and Gas share price may be of interest to investors as the company explores for oil and gas in Australia, Mexico, South Africa, and Hungary. The company is currently in the process of drilling its first well in the Canning Basin of Western Australia.
The share price of Falcon Oil and Gas has been on a bit of a roller coaster ride over the past year or so.
After peaking at around $2.50 in early 2018, the stock fell sharply to below $0.50 by mid-2018.
