Opinions Bill Harris, CFA
Black RockBVI.TOBUYJul 08, 2005
Have a heavy oil property. Has a hunch that with the people behind this project, because of their track record, they'll figure out a way to make it work. Speculative and too risky for his clients.
$9.95
Stock price when the opinion was issued
oilgas
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WEAK BUY
Has not been a fan of this stock, but they are 100% oil and the higher the price of oil, the better their leverage. Relatively high production costs. Low quality oil so their price is $20 below the regular rate. Doesn't expect it will become an income trust for a long time as they have a very aggressive growth strategy which will require a lot of capital.
oilgas
DON'T BUY
Bought at $5 and sold at $6.40. Sold because of the contradictory information being given. On a price to cash flow basis, it is very expensive. Some believe that in the short term, the net asset value is about $12 and closer to $20 longer term and the stock should sell between $12 and $20. Not a believer in buying on net asset value.
oilgas
