NAL
Energy Corporation (TSX NAE)
NAL Resources manages approximately 47,000 (29,000 net to the Corporation)
boe per day and operates 90 percent of this production on behalf of NAL
Energy Corporation (the "Corporation") and a subsidiary of Manulife
Financial Corporation, a major Canadian financial institution. There are
currently over 350 dedicated team members working at NAL in Western Canada. Our
core areas include southeastern Saskatchewan, central Alberta, northeastern
British Columbia and Lake Erie, Ontario.
The Corporation is a public entity traded on the Toronto Stock Exchange as NAE,
and was created in 1996 from assets that were previously owned by a number of
insurance companies including North American Life.
The Corporation's objective is to achieve stable and sustainable dividends and above average rates of return to our shareholders by applying professional capabilities in all of our core areas. Through prudent development, we will optimize the return from our existing properties and continue to enhance recovery factors through operational and technical capabilities and the use of new technologies. We will continue to pursue the selective acquisition of new properties, and core areas that meet our acquisition criteria, enhance our strategic position and/or add value to our shareholders.
RECENT NEWS NAL Energy Corporation Reports First Quarter 2011 Results
Jeremy Kaliel............ CIBC World Markets.......July 26, 2011
Target reduced to $17.00 from $17.50C
NAE Price day before: $11.21 Finish day of posting:$11.10Current:$9.62
-----Apr 07, 2011------
Target raised to $17.50 from $16.00C
NAE Price day before: $13.24 Finish day of posting:$13.34Current:$9.62
-----Jan 12, 2011-------
Target reduced to $16.00 from $14.50
NAE Price day before: $12.97 Finish day of posting:$13.02Current:$9.62
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Roger Serin ............ TD Newcrest…......June 06, 2011
Upgraded to BUY from HOLD
Target reduced to $14.50 from $15.00
NAE Price day before: $11.92 Finish day of posting:$11.92Current:$9.62
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Kristopher Zack ....... Raymond James……May 24, 2011
Maintained OUTPERFORM
Target reduced to $14.50 from $15.00
NAE Price day before: $11.94 Finish day of posting:$11.76Current:$9.62
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Gordon Tait ........BMO Capital Markets..... ......May 20, 2011
Downgraded to MARKET PERFORM from OUTPERFORM
Target $14.50
NAE Price day before: $12.36 Finish day of posting:$11.94Current:$9.62
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............ Salman Partners….....Apr 21, 2011
New HOLD
NAE Price day before: $13.05 Finish day of posting:$12.84Current:$9.62
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Patrick Bryden............ Scotia Capital........Apr 19, 2011
Target raised to $13.00 from $12.25C
NAE Price day before: $12.78 Finish day of posting:$12.85Current:$9.62
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NAL Energy Corporation
Short Positions
Date Outstanding Price Range
Aug 16 to 31, 2011 $10.55 to $9.03
Aug 01 to 15, 2011 1,125,234 $11.09 to $8.72
July 16 to 31, 2011 1,167,831 $11.37 to $10.84
July 01 to 15, 2011 1.12 million $11.70 to $10.96
June 16 to 30, 2011 987,972 $11.39 to $10.85
June 01 to 15, 2011 995,272 $12.33 to $11.12
May 16 to 31, 2011 758,634 $12.52 to $11.63
May 01 to 15, 2011 831,858 $12.73 to $11.83