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Stock Market & Financial Investment News

News Breaks
December 10, 2012
16:21 EDTSYRGOrr Energy reports 5.7% passive stake in Synergy Resources
News For SYRG From The Last 14 Days
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December 18, 2014
09:22 EDTSYRGSynergy Resources sees 2015 production up 100% YoY
Synergy Resources' fiscal 2015 capital forecast originally anticipated a maximum of $200M for 40 net operated and non-operated wells to be drilled and completed in the Wattenberg Field during fiscal 2015. The revised budget estimates $180M will be spent on drilling and completing a total of 48 net operated and non-operated wells and includes the $75M cash payment for the recently closed Wattenberg Field acquisition and incorporates changes in the completion design for future wells. Excluding the acquisition capital, the company anticipates completing 20% more net wells for less capital than originally forecasted. With these anticipated lower costs, these wells should pay back in 10-30 months and generate an IRR of 25%-120%. Executing this revised program should enable the company's FY15 production growth to exceed 100%.
December 8, 2014
07:40 EDTSYRGMany E&P target prices lowered at SunTrust
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