Epsilon Energy, $4.10, symbol EPS on Toronto (Shares outstanding: 49.8 million; Market cap: $203.2 million; www.epsilonenergyltd.com), is a natural gas producer that’s focused on Pennsylvania’s Marcellus shale area. Last year, the company sold off its Canadian assets for $3.5 million to concentrate on this region.
The company also owns 35% of a 300-million-cubic-feet-per-day gas system covering 18,000 acres of the Marcellus. Access Midstream Partners and StatOil own the remaining 65%.
In the three months ended June 30, 2014, Epsilon’s daily output averaged 4.1 million cubic feet a day, up 64.3% from 2.5 million a year earlier. Cash flow per share jumped to $0.18 from nil, due to the higher production and a big increase in revenue from transporting gas.
The company holds cash of $13.3 million, or $0.27 a share. Its $33.6 million of long-term debt is just 16.5% of its market cap.
Epsilon Energy is okay for aggressive investors to hold.
hold.
…
Privacy Policy and Terms of Use
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Changes to this Policy
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