Josef Schachter
Bow Valley Energy
BVX-T
BUY
Jan 02, 2008
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.
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.
Had been a frustrating stock and recently sold his holdings. Drilling in the North Sea and had 2 dry holes. Looks like they are having some success in Alaska. Have a lack of good drilling plays.
(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.
A focused North Sea player with some exposure in Alaska. Had a disappointing exploration run in the North Sea. Alaska is early stage. Well run and management is very strong. You can make better money somewhere else. Would prefer Oilexco (OIL-T).
Has been a dull performer in terms of some of their explorations. At this level, a lot of the bad news has been discounted out of the stock. Not his favourite.
Had a few production misses. Properties are not as good as the other North Sea junior, Oilexco (OIL-T) but it has tremendous netbacks (higher prices per barrel). Sees strong upside in this one.
Have properties in Alaska and North Sea. Has been a bit of a disappointment. Production forecast is supposed to increase pretty dramatically over the next little while but the market has not bought into this.