Brendan Kyne
Berens Energy Ltd.
BEN-T
TOP PICK
Dec 14, 2005
Recently made a large acquisition of Berland which has good expertise in gas. Should grow some big gas production next year. They could exit next year with gas production of 5,000 BOE’s per day. That puts more than $1 in cash flow.
Got hit pretty hard recently. Their margins are lower than average. When the gas price goes down, lower margin businesses are more affected. On the other hand, this is a small company that is growing fast. Long-term, they are going to be fine. If you are long-term, it is OK to buy but if you are short-term, wait.
Doesn't own, but was a lead underwriter for financing in January. Primarily natural gas focused resulting in a bit of a pullback. Very conservative management. Have a few high growth prospects. Expect it to be midyear before there is any increase in pricing in natural gas.
Heavily gas weighted. Have done quite well. They are into the deep basin. Costs have hit them. Because they are a junior, they have had problems getting rigs. Have some good prospects. Too risky for him.
Gas weighted. A little too much debt. Has come back a little stronger in the last few weeks. Watch the debt on this one. If gas prices do come back, this one should come back with a vengeance. Wait and see if her theory on stronger gas prices is correct.
Market thought their debt was too high but with gas prices coming back up, the stock will go higher because analysts are going to increase their natural gas commodity forecasts which will decrease their cash to debt forecasts.
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