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Daily Stock Opinions and Ratings
Stockchase Opinions

Glenn MacNeill, P.Eng.Addax Petroeum Corp.AXC.TOTOP PICKJul 18, 2008

Crude oil production in Gabon, Africa. Hasn't moved as much as it deserves to. Good growth rate in oil production.
Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
No
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$41.82

Stock price when the opinion was issued

oilgas
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PAST TOP PICK

Addax Petroeum Corp.(AXC.TO)

Aug 11, 2009
(A Top Pick July 18/08. Up 27.69%.) Acquired by Sinopec at $52.80.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
No
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$52.50

Stock price when the opinion was issued

oilgas
COMMENT

Addax Petroeum Corp.(AXC.TO)

Jun 30, 2009
Being acquired by Chinese Sinopec. There are other bidders but believes this deal will be done.
Photo of Laura LauLaura LauUnlock Rating
$49.33

Stock price when the opinion was issued

oilgas
SELL

Addax Petroeum Corp.(AXC.TO)

Jun 29, 2009
Being acquired and most of the money has already been made. If you owned, it might be a good time to take some money off the table.
Photo of Alexander Lane, B Comm, CAlexander Lane, B Comm, CUnlock Rating
$49.50

Stock price when the opinion was issued

oilgas
HOLD

Addax Petroeum Corp.(AXC.TO)

Mar 06, 2009
Mid-size with exposure to Nigeria and Kurdistan. Showed a 2P reserve booking increase of about 10%. Problem is the Proof part fell and the Probable part grew, which generally is a little negative.
Photo of John StephensonJohn Stephenson
No
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$21.14

Stock price when the opinion was issued

oilgas
COMMENT

Addax Petroeum Corp.(AXC.TO)

Nov 14, 2008
Very big in Africa. The African basin is a very attractive one. The unrest has investors worried so stock has dropped. Some of the risks this company has are even too much for him. Very cheap.
Photo of Josef SchachterJosef Schachter
No
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$16.00

Stock price when the opinion was issued

oilgas
BUY

Addax Petroeum Corp.(AXC.TO)

Oct 22, 2008
Likes this name. Midsize Oil/gas producer in Nigeria and Kurdistan. Fundamentally a very solid company. You could add to your position here.
Photo of John StephensonJohn StephensonUnlock Rating
$16.00

Stock price when the opinion was issued

oilgas
TOP PICK

Addax Petroeum Corp.(AXC.TO)

May 09, 2008
An oil play. A multibillion-dollar market cap oil stock, but because it is international it was lagging. Just reported and cash flow was annualizing at $12. Still has quite a ways to go.
Photo of Bruce Campbell (1)Bruce Campbell (1)
Owned
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$50.00

Stock price when the opinion was issued

oilgas
TOP PICK

Addax Petroeum Corp.(AXC.TO)

Jan 15, 2008
Properties in Nigeria, Gabon, Cameroon and Iraq. Market feels the Nigerian risk is quite high and if you can get your head around this, it has great properties and growing production and good capital appreciation.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
Owned
Unlock Rating
$40.78

Stock price when the opinion was issued

oilgas
PAST TOP PICK

Addax Petroeum Corp.(AXC.TO)

Dec 10, 2007
(Top Pick Nov 27/06. Up 32.6%.) Sold his holdings as it had moved up quite nicely. International producer exposed to both Iraq and Nigeria.
Photo of John O'Connell, CFAJohn O'Connell, CFA
No
Unlock Rating
$42.20

Stock price when the opinion was issued

oilgas
PAST TOP PICK

Addax Petroeum Corp.(AXC.TO)

Aug 27, 2007
(A Top Pick Nov 27/06. Up 10%.) Has been volatile. Under pressure recently. Rapidly growing production. Some risks because locations are politically hot but feel it will gain strength.
Photo of John O'Connell, CFAJohn O'Connell, CFA
Owned
Unlock Rating
$34.96

Stock price when the opinion was issued

oilgas
HOLD

Addax Petroeum Corp.(AXC.TO)

Jun 06, 2007
It's had some operational issues, but it's a good company and worth holding at this point. Resources are there. Geo-political side is a bit of a worry.
Photo of John StephensonJohn Stephenson
No
Unlock Rating
$40.25

Stock price when the opinion was issued

oilgas
TOP PICK

Addax Petroeum Corp.(AXC.TO)

Nov 27, 2006
Offshore oil in Nigeria. Has a rapidly growing production profile. Growing from 30,000 barrels a day at the beginning of year and exiting at 115,000. Have some substantial developments near where they are drilling plus a massive project in Kurdistan.
Photo of John O'Connell, CFAJohn O'Connell, CFA
Owned
Unlock Rating
$31.71

Stock price when the opinion was issued

oilgas
BUY

Addax Petroeum Corp.(AXC.TO)

Jul 20, 2006
Acquiring Pan-Ocean (POC.A & POC.B-T). A great purchase. A very important west African independent.
Photo of Michael SmedleyMichael Smedley
Owned
Unlock Rating
$28.15

Stock price when the opinion was issued

oilgas
BUY

Addax Petroeum Corp.(AXC.TO)

Jun 22, 2006
Assets in west Africa, Nigeria. 70,000 BOE’s a day and exiting at 100,000. Also has a partnership In Kurdistan in northern Iraq. Expects great things on the African west coast.
Photo of Michael SmedleyMichael Smedley
Owned
Unlock Rating
$26.80

Stock price when the opinion was issued

oilgas

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disclaimer

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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