Strong results boost Trilogy

Article Excerpt

TRILOGY ENERGY CORP. $30.03 (Toronto symbol TET; TSINetwork Rating: Speculative) (403-290-2900; www.trilogy.com; Shares outstanding: 116.7 million; Market cap: $3.5 billion; Dividend yield: 1.4%) is up over 18% since it reported improved production and cash flow. In the three months ended December 31, 2012, Trilogy produced an average of 35,014 barrels of oil equivalent per day (including natural gas). That was up 23.8% from 28,288 barrels a day a year earlier. Trilogy’s daily production should rise to an average of 41,000 barrels for all of 2013. Cash flow per share rose 31.4%, to $0.67 from $0.51 a year earlier, due to the increased production and higher oil prices. Trilogy Energy is a hold. hold…