Opinions Peter Brieger
Celtic Exploration Ltd.CLT.TOHOLDApr 25, 2012
Doesn't follow it that closely but if you like natural gas, this is one of the great leveraged plays.
$13.93
Stock price when the opinion was issued
oilgas
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PAST TOP PICK
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.
Jason MayerOwned
oilgas
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.
oilgas
WAIT
See comments on TOU. Likes management. Got pounded to appoint where it is getting attractive. It’s early. Could be another dollar or so downside.
Eric NuttallOwned
oilgas
PAST TOP PICK
BUY
2 of their wells were boomers at Westhaven at about 14 million plus liquids a day. This suggests that the Montney formation is pervasive across all 6 of their net sections. Huge potential reserve growth. Looking at over $30 in the next 6 months.
Eric NuttallOwned
oilgas
TOP PICK
Pull back has created a good entry point. Top tier management. Produces around 17,000 BOE a day. Gas levered. Just acquired 600 sections to develop a new play in the Montne. Have another great asset in the Duvernay, and early stage shale play.
Dennis da SilvaOwned
oilgas
TOP PICK
Gas weighted and focused in Canada, mainly Alberta. Exposure to the Montne. 18%-19% owned by management. Low cost producer and relatively low debt. Well positioned to withstand lower gas prices but huge leverage to higher gas prices.
Dean OrricoOwned
oilgas
TOP PICK
75% natural gas with high liquid content and 25% oil. Premier management. Management owns 25% of stock. One of the early players in the Montney region.
Dennis da SilvaOwned
oilgas
TOP PICK
Oil/gas producer focused in Alberta. 2/3 gas, 1/3 liquid. Management owns 25%. Top-tier per share growth over the last 4-5 years.
Dennis da SilvaOwned
oilgas
PAST TOP PICK
(A Top Pick June 30/09. Up 35.07%.) Gas weighted so could be in for a rough summer.
Laura LauOwned
oilgas
PAST TOP PICK
(Top Pick Jan 20/09, Up 61%) Did very well for two reasons. Management team assembled a fantastic core asset. Profits are robust. They also had a small amount of oil production as a hedge. Now they will be more tied to gas price.
Jennifer StevensonOwned
oilgas
