Opinions
Dennis da Silva
Celtic Exploration Ltd.
CLT-T
PAST TOP PICK
Sep 30, 2011
(A Top Pick July 13/10. Up 81.73%.)
$22.570
Stock price when the opinion was issued
oil
gas
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BUY
It’s NAV is around $10, so it pricing in a premium because it its resource plays. In some of the best resource plays in Canada. Did a convertible debenture financing, so have cleaned up any pressure on the stock because of equity financing. Strike price is in the $20 range. Only paying 5% on this debt. It is good. If oil get weaker this one might not go anywhere for a couple of months.
oil
gas
TOP PICK
Natural gas. Good management. Excellent asset base. Have a Montney play that they are in the process of delineating. Very strong balance sheet. Management owns 20% plus of the stocks. Once you start seeing the LNG export capacity start coming closer to fruition in Canada, this is a takeout candidate. There is also a joint venture possibility.
oil
gas
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