Topic: Energy Stocks

Natural gas stocks: Lower gas prices weigh on Trilogy Energy’s earnings

Trilogy Energy Corp., symbol TET on Toronto, owns oil and gas properties in the Kaybob and Grande Prairie areas of central Alberta. About 78% of Trilogy’s production is natural gas. The remaining 22% is oil.

In the three months ended March 31, 2011, Trilogy produced an average of 25,362 barrels of oil equivalent per day (including natural gas). That was up 9.9% from 23,079 barrels a day a year earlier.

However, the natural gas stock’s cash flow per share fell 13.3%, to $0.39 from $0.45 a year earlier, mostly due to lower gas prices. Still, the company continues to bring new wells into production. Its daily production should jump to an average of 30,000 barrels for 2011.

The natural gas stock’s total debt is now $413.2 million. That’s a low 13.9% of its market cap. Trilogy is a dividend paying stock. Its monthly payout of $0.035 a share gives the shares a 1.8% yield.

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