HHRS

 Hammerhead Energy Inc. ("Hammerhead" or the "Corporation") (TSX:HHRS) (NASDAQ:HHRS) is pleased to announce that today at its special meeting (the "Meeting") of the holders (the "Shareholders") of Class A common shares of Hammerhead (the "Common Shares"), the Shareholders passed a special resolution (the "Arrangement Resolution") approving a plan of arrangement under Section 193 of the Business Corporations Act (Alberta), pursuant to which Crescent Point Energy Corp. ("Crescent Point") will acquire all of the issued and outstanding Common Shares and the Corporation will become a direct wholly owned subsidiary of Crescent Point. Shareholders (other than dissenting Shareholders) will receive,

CALGARY, AB, Dec. 20, 2023 /PRNewswire/ - Hammerhead Energy Inc. ("Hammerhead" or the "Corporation") (TSX:HHRS) (NASDAQ:HHRS) is pleased to announce that today at its special meeting (the "Meeting") of the holders (the "Shareholders") of Class A common shares of Hammerhead (the "Common Shares"), the Shareholders passed a special resolution (the "Arrangement Resolution") approving a plan of arrangement under Section 193 of the Business Corporations Act (Alberta), pursuant to which Crescent Point Energy Corp. ("Crescent Point") will acquire all of the issued and outstanding Common Shares and the Corporation will become a direct wholly owned subsidiary of Crescent Point. Shareholders (other tha

CALGARY, Alberta, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or the "Company") (TSX:HHRS, NASDAQ:HHRS) is pleased to announce that it has filed the management information circular ("Information Circular") and related meeting materials (together with the Information Circular, the "Meeting Materials") for the special meeting of holders ("Shareholders") of Class A common shares of Hammerhead ("Hammerhead Shares") to be held at 2400, 525 – 8th Avenue S.W., Calgary, Alberta, T2P 1G1 on December 20, 2023 at 8:30 a.m. (Calgary time) (the "Meeting"). At the Meeting, Shareholders will be asked to consider, and, if thought advisable, approve a Plan of Arrangement (the "A

As of Nov. 15, 2023, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Teekay Tankers Ltd. (NYSE:TNK) Teekay Tankers posted upbeat quarterly results. The company’s stock ha

Companies Reporting Before The Bell • CorEnergy Infr Tr (NYSE:CORR) is estimated to report earnings for its third quarter. • Ballard Power Systems (NASDAQ:BLDP) is expected to report quarterly loss at $0.13 per share on revenue of $26.20 million. • Melco Resorts and Enter (NASDAQ:MLCO) is likely to report quarterly earnings at $0.03 per share on revenue of $1.03 billion. • Consolidated Comms Hldgs (NASDAQ:CNSL) is expected to report quarterly loss at $0.37 per share on revenue of $274.23 million. • Sophia Genetics (NASDAQ:SOPH) is projected to report quarterly loss at $0.31 per share on revenue of $15.63 million. • Endeavor Gr Hldgs (NYSE:EDR) is estimated to report quarterly earnings

Pursuant to the Transaction, each Hammerhead Share will be exchanged for C$15.50 of cash consideration and C$5.50 in value in the form of common shares of Crescent Point, based on the offering price of the concurrent equity offering announced by Crescent Point.

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or the "Company") (TSX:HHRS, NASDAQ:HHRS) is pleased to announce record financial and operating results for the third quarter of 2023. During the quarter, the Company maintained its planned two-rig program targeting Montney light oil, with a focus at North Karr. The critical new infrastructure expansion at South Karr has continued to be on time and on budget. Hammerhead also completed drilling of its first ever multi-well pad at South Karr (the nine-well 5-11 pad) which includes three new Lower Montney wells. These wells are expected to be brought on-stream when the South Karr facilities work is comple

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX:HHRS, NASDAQ:HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. ("Crescent Point") (TSX:CPG, NYSE:CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per Hammerhead Share (the "Purchase Price"). The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta) and is expected to close in la

CALGARY, Alberta, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or the "Company") (TSX:HHRS, NASDAQ:HHRS) is pleased to announce the expansion of its credit facility to C$450 million (from C$350 million) effective September 27, 2023. The increase in the credit facility was achieved through a combination of increased commitments by the existing lenders and the addition of the Bank of Montreal into the lending syndicate. The Company is very pleased to have the Bank of Montreal join its lending syndicate and looks forward to a productive relationship with its entire banking syndicate. The increase in the credit facility has allowed Hammerhead to repay, at par value,

RBC Capital analyst Michael Harvey maintains Hammerhead Energy (TSX:HHRS) with a Sector Perform and raises the price target from C$16 to C$18.

Since coming on production August 6th, performance to date on the 12-well North Karr 10-14 pad has thus far materially exceeded the Company's internal forecast, with peak pad production exceeding 17,800 boe/d (over 50% crude oil). As a result, field estimates of Hammerhead's corporate production volumes for the month of August averaged 48,500 boe/d, while also having additional production "behind pipe" due to North Karr total production capability exceeding infrastructure capacity. Based on the current commodity price strip, the 12-well pad at North Karr 10-14 is currently on track to achieve payout6 in three months or less based on average DCET well costs of only $7.9 million per well.

CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Based upon continued strong execution in the field with respect to both costs and performance, Hammerhead Energy Inc. ("Hammerhead" or the "Company") (TSX:HHRS, HHRS.WT, NASDAQ:HHRS, HHRSW))) is pleased to announce increased 2023 annual average production guidance of 41,500 boe/d3 from the previous estimate of 40,200 boe/d. Crude oil production is estimated to be 35% of production from a prior estimate of 33%. Since coming on production August 6th, performance to date on the 12-well North Karr 10-14 pad has thus far materially exceeded the Company's internal forecast, with peak pad production exceeding 17,800 boe/d3 (over 50% crude oil).

Gainers Acer Therapeutics Inc. (NASDAQ:ACER) shares jumped 145% to $1.4850 after Zevra Therapeutics announced it will acquire the company. The transaction will have a total potential value for Acer stockholders of up to $91 million. 1847 Holdings LLC (NASDAQ:EFSH) surged 66.6% to $0.17. 1847 Holdings reported successful restructuring of promissory notes, with two institutional investors, totaling $1.75 million outstanding. iCoreConnect Inc. (OTC:ICCT) climbed 51.7% to $18.63 after jumping 119% on Wednesday. Last Friday, the company announced theclosing of its previously announced business combination with FG Merger Corp., a special purpose acquisition corporation (SPAC). Canopy Growth

CALGARY, Alberta, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or the "Company") (NASDAQ:HHRS, HHRSW, TSX:HHRS, HHRS.WT))) today announced the "Fair Market Value" in connection with its previously announced redemption of its outstanding Public Warrants (as defined below). The Fair Market Value will be used to determine the number of Class A Common Shares (the "Common Shares"), that will be issued on a "cashless" exercise of a Public Warrant subject to the terms of the A&R Warrant Agreement (as defined below). On August 16, 2023, the Company announced that it will redeem all of its outstanding public warrants to purchase Common Shares that were originally issued a

Upgrades For Beazer Homes USA Inc (NYSE:BZH), Sidoti & Co. upgraded the previous rating of Neutral to Buy. Beazer Homes USA earned $1.42 in the third quarter, compared to $1.76 in the year-ago quarter. The stock has a 52-week-high of $35.93 and a 52-week-low of $9.48. At the end of the last trading period, Beazer Homes USA closed at $28.23. Morgan Stanley upgraded the previous rating for Brown-Forman Corp (NYSE:BF) from Underweight to Overweight. For Suncor Energy Inc (NYSE:SU), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Suncor Energy had an EPS of $0.71, compared to year-ago quarter EPS of $2.12. The current stock performance of Sunc

BMO Capital Markets initiated coverage of Hammerhead Energy with a rating of Outperform

CALGARY, Alberta, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or the "Company") (NASDAQ:HHRS, HHRSW, TSX:HHRS, HHRS.WT))) today announced that it will redeem for cash all of its outstanding public warrants to purchase its Class A Common Shares ("Common Shares"), originally issued as part of the units sold in Decarbonization Plus Acquisition Corporation IV's ("DCRD") initial public offering (the "Public Warrants") and originally issued pursuant to the Warrant Agreement, dated August 10, 2021 (the "Warrant Agreement"), by and between DCRD and Continental Stock Transfer & Trust Company, as warrant agent, and assumed by the Company pursuant to an amended and restated

RBC Capital analyst Michael Harvey maintains Hammerhead Energy (TSX:HHRS) with a Sector Perform and raises the price target from C$13 to C$14.

CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) --  Hammerhead Energy Inc. ("Hammerhead" or the "Company") (TSX:HHRS, HHRS.WT, NASDAQ:HHRS, HHRSW))) is pleased to announce financial and operating results for the second quarter of 2023. During the quarter, the Company continued to execute on a two-rig program targeting Montney light oil growth in its three core areas (North Karr, South Karr and Gold Creek). The Company continues to progress critical infrastructure expansions which are on target to increase production capacity to over 80,000 boe/d. Operational cadence and execution during the quarter yielded significant and repeatable capital efficiency gains. Hammerhead's development progr

Companies Reporting Before The Bell • Cedar Fair (NYSE:FUN) is likely to report quarterly earnings at $1.10 per share on revenue of $512.74 million. • Pharming (NASDAQ:PHAR) is estimated to report earnings for its second quarter. • Coca-Cola Europacific (NASDAQ:CCEP) is projected to report earnings for its first quarter. • Smith & Nephew (NYSE:SNN) is estimated to report earnings for its first quarter. • ChipMOS TECHNOLOGIES (NASDAQ:IMOS) is projected to report earnings for its second quarter. • ING Groep (NYSE:ING) is likely to report quarterly earnings at $0.55 per share on revenue of $6.19 billion. • Verona Pharma (NASDAQ:VRNA) is likely to report earnings for its second quarter.

Upgrades For Generac Holdings Inc (NYSE:GNRC), Argus Research upgraded the previous rating of Hold to Buy. For the first quarter, Generac Hldgs had an EPS of $0.63, compared to year-ago quarter EPS of $2.09. The current stock performance of Generac Hldgs shows a 52-week-high of $281.95 and a 52-week-low of $86.29. Moreover, at the end of the last trading period, the closing price was at $141.11. For Procore Technologies Inc (NYSE:PCOR), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. In the first quarter, Procore Technologies showed an EPS of $0.01, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $68.68 and a 52-w

RBC Capital Mkts initiated coverage of Hammerhead Energy with a rating of Sector Perform

Stifel initiated coverage of Hammerhead Energy with a rating of Buy