Opinions

Alice Tsang Coastal Energy CEN-T TOP PICK Nov 23, 2012

In this environment, stocks that don’t have growth will probably be range bound. She tends to favour stocks that can show a good growth profile and this is one. Located in Thailand. Most production comes from off shore. Doubled their production from last year and are able to generate another 30%-40% of organic growth next year. Very clean balance sheet. Lots of cash and are able to generate about 10% of free cash flow. Own huge land acreage offshore Thailand. She can see a $30 handle presuming they can continue to execute.

Alice Tsang

Owned

Unlock Rating

$20.490

Stock price when the opinion was issued

oil gas

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BUY

There will be significant upside to the stock. Just announced good first quarter results. Looking at acquisitions. Exciting exploration play. Expect it to reach $4/4.50 in a year.

TOP PICK

Well repected management. Disappointed in the first quarter so had a pull back. Has their production behind pipe and just waiting to get on line. You'll see pretty good growthin the last half of the year. About 5 high impact wells to be drilled in the next 3/4 weeks.

HOLD

A good company. Well managed. Had some problems meeting its production numbers, so as a result has been somewhat volatile. Feels that management will work its way through its problems. Good assets. This should only be a part of a portfolio, not a large holding.

BUY

Likes their properties, but have had problems tying in their production with pipelines, so production numbers disappointed the street. Feels this is only temporary.

BUY

Just bought recently. Typical of some of the smaller junior/intermediates were the seniors had run quite a bit at that point and this one had been unfairly penalized for some production behind pipe. Looks like the 3rd and 4th quarters are going to be quite good.

BUY

Has added to his position on the recent dip. There is a 67 well winter drill program coming. Have disappointed in not been able to bring their gas to market. This is being fixed.

HOLD

They announced a deal to merge and turn themselves into a trust that didn't make sense to a lot of investors so the stock has dropped.

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Alice Tsang Coastal Energy CEN-T TOP PICK Nov 23, 2012

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