Stockchase Opinions

Michael Smedley Bayou Bend Petroleum Ltd. BBP-X TOP PICK Jun 27, 2007

Junior gas. Believes it is a double or "200 percenter in the next few weeks". A high impact (deep) natural gas play at the fringe of the Gulf of Mexico. Some analysts believe it will hit $4-6.
$2.350

Stock price when the opinion was issued

oil gas
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

COMMENT
One well was dry but the current well is showing several levels of gas. They are still waiting for a big well, which could add $3 to the stock. Speculative.
BUY
Had 3 dry holes in the Gulf, which is normally very rich territory. Still has another 20 or 30 holes to go. Have major financial backers. They had a big program ahead and it is unusual in this territory if you don't have a success rate of 2 or 3 out of 5 wells.
HOLD
Would just stay with this stock. Have a very long program ahead. Have big backers and are still funded to do several more wells. The area they are in is prolific. Theoretically there was supposed to be 3 hits out of 5 but hasn't got a hit yet. Wouldn't add to this one.
BUY
The odds in the beginning seemed to favour that they would have 3 good wells out of 5. Instead they have 3 dry wells out of 3. Have huge backers. They are surrounded by trillions of cubic feet of gas.
COMMENT
There are very important backers behind this company. The region is fertile in gas. There have been 3 or 4 dry holes. Highly speculative. If they hit the big winner, then obviously it can go right back to the top.
PARTIAL BUY
May be a good entry point. Had some early problems in the drilling and came up dry a couple of times. Seem to be doing a little better now. Interesting land position. Be prepared to wait 2 or 3 years. Don't let the farm on it. Speculative.
COMMENT
Very disappointing early days. Very active program. Has done some extremely in-depth seismological work in its territory. Speculative.
COMMENT
Sold his holdings. Had some recent drilling success. First 3 holes they drilled were all dry so market was convinced to run. Also hit with the general pounding that small caps got. Extremely speculative but if you’ve got the stomach for it and think they could make it, it might be worth a look.
HOLD
Very disappointing 3-hole run at the beginning. Are now in at least a couple of finds. Very active program ahead, but still a speculative gas play.
HOLD
Latest results were disappointing again. Has a long active program still ahead.