Viewing Company Coastal Energy | StockChase
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Compiling comments that experts make about stocks while on public TV.

Coastal Energy Stock Symbol: CEN-T (Dead2)

Notes:

Acquired by Condor Acquistions (Jan 2013)

Last Price Recorded: $18.9800 on 2014-01-23

Date Signal Expert Opinion Price
2013-10-31 COMMENT Michael Smedley

Has been going through 2 bizarre attempted takeovers and is rejecting them. Have very important rich offshore assets in the area of Thailand.


Price:
$18.540
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2013-10-08 HOLD Michael Giordano

Thailand-based producer of onshore and offshore oil. Producing about 20,000-25,000 barrels a day so are generating excellent cash flows because they get Brent pricing. About a year ago, a Thailand-based company was interested in them and recently there are rumours that a Hong Kong-based company is also interested. They are looking at a price of around $21 but he thinks the assets are worth $21-$25.


Price:
$18.210
Subject:
RESOURCE
Bias:
CAUTIOUS
Owned:
Unknown
2013-10-02 DON'T BUY Bill Carrigan

Something about the chart bothers him. It shows an advance from early 2010 until early this year. This was followed by a lower high. He likes to see higher lows and because he doesn’t see any, this tells him that somebody is worried about something. This has to climb back above its trend line.


Price:
$18.500
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2012-11-23 TOP PICK Alice Tsang

In this environment, stocks that don’t have growth will probably be range bound. She tends to favour stocks that can show a good growth profile and this is one. Located in Thailand. Most production comes from off shore. Doubled their production from last year and are able to generate another 30%-40% of organic growth next year. Very clean balance sheet. Lots of cash and are able to generate about 10% of free cash flow. Own huge land acreage offshore Thailand. She can see a $30 handle presuming they can continue to execute.


Price:
$20.490
Subject:
CANADIAN RESOURCES
Bias:
OPTIMISTIC
Owned:
Yes
2012-09-18 TOP PICK Mason Granger

This is one of his top international ideas. Generates significant free cash flow. Producing about 25,000 barrels a day from onshore and offshore assets in Thailand. It is really the offshore development that has driven the tremendous amount of growth. Considerable exploration upside from here.


Price:
$18.470
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2012-08-31 PAST TOP PICK Alice Tsang

(A Top Pick Sept 29/11. Up 52.81%.) This is an offshore Thailand play. Pretty much light oil. Growth has been astounding. Have a very large land base. There is still a lot of room for development as well as exploration. Expects about 50% volume growth next year. Company has a lot of cash. Still a Buy.


Price:
$15.170
Subject:
RESOURCE
Bias:
BULLISH on PRECIOUS METALS
Owned:
Yes
2012-03-29 BUY Mason Granger Just announced that the Bua Ban project was a disappointment. At these levels, you still get a great cash flow generating machine. He estimates a cash yield of about 23% in 2012.
Price:
$15.160
Subject:
OIL & GAS
Bias:
BEARISH on GAS
Owned:
Yes
2011-12-06 TOP PICK Andrew Cook Oil/gas producer in Thailand. The real story is their offshore Thailand oil production. Have had some significant success, which is continuing. Have the ability to double their production over the next year or so. Reasonable valuation at about 3X 2012 cash flows.
Price:
$13.970
Subject:
RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2011-11-08 COMMENT Laura Lau Having a good turnaround where they are finding reserves and growing reserves. Have turned down takeover offers.
Price:
$13.800
Subject:
ENERGY
Bias:
UNKNOWN
Owned:
Unknown
2011-09-29 TOP PICK Alice Tsang Oil/gas. Their project is in Thailand with 3 offshore land leases as well as onshore. Did a discovery well in the spring with a lot of success in containing and delineating the resources. Could see them doubling their reserves as well as increasing production significantly over the next 12 months. Trades at about 3X next year's cash flow
Price:
$9.910
Subject:
CANADIAN RESOURCES
Bias:
CAUTIOUS
Owned:
Yes
2011-02-09 COMMENT Laura Lau Exploration track record hasn’t been very good but has been improving lately. Have vast acreage and not a lot of wells have been drilled. Their biggest shareholder just sold a big block. Very cheap on a cash flow basis.
Price:
$7.280
Subject:
ENERGY
Bias:
BULLISH on OIL
Owned:
No
2009-11-24 HOLD Allan Jacobs Producing about 10,000 barrels a day. Located offshore Thailand. Have an exploration target their drilling that could be very prospective. Trading at about 3X CASH flow.
Price:
$5.150
Subject:
CANADIAN SMALL
Bias:
BULLISH on GOLD
Owned:
No
2009-05-21 PAST TOP PICK Jean-Francois Tardif (A Top Pick May 27/08. Down 40.72%.) Thailand oil production. Producing 7500 barrels a day with more water than expected, down from 10,000. Very cheap. Still likes it.
Price:
$2.890
Subject:
ALTERNATIVE STRATEGIES
Bias:
SELECTIVE
Owned:
Yes
2009-04-07 PAST TOP PICK Jean-Francois Tardif (A Top Pick April 29/08. Down 30%.) Has done relatively well compared to other small-cap resource stocks. Now producing about 10,000 BOE's a day. There are more projects to come and he is looking for 20,000 BOE’s a day by 2010. Extremely cheap at 5X earnings and 2.6X cash flow. He is still buying.
Price:
$2.950
Subject:
ALTERNATIVE STRATEGIES
Bias:
SELECTIVE
Owned:
Yes
2009-02-12 PAST TOP PICK Peter Hodson (A Top Pick Jan 31/08. Down 67.3%.) Sold this one a long time ago. Small cap energy company that needed money and once the street gets a whiff of any financial concerns they leave. Will be a good company in the future and no longer have any financial issues.
Price:
$1.460
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVELY BULLISH
Owned:
Yes
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