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Opinions Josef Schachter
Bow Valley EnergyBVX.TOBUYJan 23, 2007
Has struggled a bit with production growth in Canada, but the real upside are their North Sea plays over the next couple of quarters. Expects very material growth as these projects come on. Also involved in Alaska with partners.
$6.45
Stock price when the opinion was issued
oilgas
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PAST TOP PICK
(A Top Pick Apr 24/07. Down 10%.) Still likes the story. Ramping up production in the UK North Sea and drilling in Alaska. The market punished them because of delays in production. In a holding pattern until new production comes on, which he expects will be by the end of this year.
Josef SchachterOwned
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Has been a little frustrating because it should be doing far better than it has. Has tremendous potential. It is focused in the North Sea with huge margins in the $55-$65 range. A very good name.
John StephensonOwned
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PAST TOP PICK
(A Top Pick Feb 21/07. Down 11.8%.) Has been a bit disappointing, but is a North Sea junior oil producer that has gone from prospect of producer to producer. It will eventually take off but for now, a wait and see. Hold.
John StephensonOwned
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Will be raising production volumes through 8000 BOE's in the latter part of 08 as they bring on Enoch and Chestnut. Target of $9, not including any exploration. Participating in drilling a well in the North Sea as well as Alaska.
Josef SchachterOwned
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He likes the story. There are wells being drilled and there is exploration potential. Stock should continue to move forward.
Josef SchachterOwned
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Could be in the 8000 BOE's range at the end of 08, which will generate $1.36 in cash flow. Also drilling some high impact wells in the UK North Sea starting in the next little while. Will be drilling in Alaska this winter.
Josef SchachterOwned
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TOP PICK
Has a couple of fields in the North Sea that have just started producing. Has not done all that well and is not incredibly cheap. Sold off a little bit because of negative coverage because of asset-backed commercial paper. Even if you roll that off, it will only be a $.50 hit. When 4th quarter numbers come out, it will look wonderful.
John StephensonOwned
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