Frederick Kozak
Coastal Energy
CEN-T
TOP PICK
Jul 16, 2008
Focused on Thailand. Have onshore natural gas and offshore oil. About to get underway on their drilling program offshore Thailand for their oilfield development. Will be bringing on the Songkhla field, which should come on stream before the end of the year.
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.
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.
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.
Likes their properties, but have had problems tying in their production with pipelines, so production numbers disappointed the street. Feels this is only temporary.
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.
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.