Advantage Oil & Gas Ltd (USA) is pleased to report strong year end 2013 reserve additions for its Montney resource property at Glacier, Alberta (“Glacier”). Proven plus probable (“2P”) reserve additions were achieved at a finding and development cost of $1.33/mcfe ($7.99/boe) and a recycle ratio of 2.1. Total 2P reserves are up 20% to 1.7 trillion cubic feet (“Tcfe”). We are also pleased to report Glacier production reached our 135 mmcfe/d Phase VI target ahead of schedule with capital spending below budget. Advantage Oil & Gas Ltd (USA) (NYSE:AAV) shares after opening at $4.44 on last trade day and at the end of the day closed at $4.50. Company price to sales ratio in past twelve months was calculated as 2.59. Advantage Oil & Gas Ltd (USA) (NYSE:AAV) showed a positive weekly performance of 6.64%.
Constellation Energy Partners LLC (NYSE MKT: CEP) reported fourth quarter and full year 2013 results, which exclude results for the Robinson’s Bend Field assets divested by the company in a transaction that closed in Feb. 2013. CEP’s total production levels essentially unchanged year-on-year with oil production up 84% in 2013. Oil production provided 51% of CEP’s total revenue from sales in 2013. CEP’s 2014 forecast calls for capital spending of between $20.0 million and $22.0 million, with drilling aimed at oil potential in the company’s asset base. Constellation Energy Partners LLC (NYSEARCA:CEP) shares fell -12.64% in last trading session and ended the day on $2.35. CEP return on equity ratio is recorded as -84.30% and its return on assets is -50.70%. Constellation Energy Partners LLC (NYSEARCA:CEP) yearly performance is 37.43%.
TGC Industries Inc (NASDAQ:TGE) announced financial results for its fourth quarter and year ended December 31, 2013. 2013 Fourth Quarter Results:Revenues in the fourth quarter of 2013 were $18.7 million compared to $57.1 million for the fourth quarter of 2012. Gross profit margin in the fourth quarter was 5.7% compared to 28.5% for the fourth quarter of 2012. Net loss for the quarter was $4.7 million, or ($0.21) per share, down from net income of $4.2 million, or $0.19 per diluted share, for the fourth quarter of 2012. TGC Industries Inc (NASDAQ:TGE) shares moved down -7.47% in last trading session and was closed at $6.44, while trading in range of $6.44 – $7.07. TGC Industries Inc (NASDAQ:TGE) year to date (YTD) performance is -11.78%.
Synalloy Corp (NASDAQ:SYNL) was upgraded by analysts at Sidoti from a neutral rating to a buy rating. Synalloy Corporation (NASDAQ:SYNL) weekly performance is 4.69%. On last trading day company shares ended up $14.29. Synalloy Corporation (NASDAQ:SYNL) distance from 50-day simple moving average (SMA50) is -1.90%. Analysts mean target price for the company is $17.50.