Sean Mason | February 16, 2016 | SmallCapPower
Gas revenue estimates gave hope to some shareholders Friday, while a partnership agreement boosted a tech play. Here’s some small stocks making big moves on Tuesday, February 16, 2016 (as of 4 pm EST):
Canacol Energy Ltd. (TSX: CNE) shares gained 15% to $2.71 on Tuesday after the oil and gas producer/explorer provided preliminary 2016 guidance, saying that it expects revenues from gas sales alone to generate approximately US$163 million during the calendar year.
As well, shares of Breaking Data Corp. (TSXV: BKD) surged 42% to $0.17 as the technology provider of semantic search, machine learning and natural language processing said it has entered into an agreement to forge a strategic partnership with Pacific Disaster Center (PDC) and its software implementation partner, Kontur Labs, to explore the use of Breaking Data’s proprietary NLP technologies toward disaster risk reduction within PDC’s best-in-class product, DisasterAWARE.
See AlphaNorth’s Tina Byers’ insight on Breaking Data Corp. here >>
ShaMaran Petroleum Corp. (TSXV: SNM), meanwhile, reported an increase in the year-end reserves estimate for the Atrush field in the Kurdistan region of Iraq, which showed total oil in place estimates of 1.5 to 2.8 billion barrels, with total field Proven plus Probable reserves on a property gross basis increasing 38% from 61.5 million barrels (MMbbl) to 85.1 MMbbl. ShaMaran Petroleum stock moved up 40% to $0.07 following the announcement.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me at sean@smallcappower.com.
DISCLAIMER
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.
