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Stockchase Opinions

Mark LackeyCinch Energy CorpCNH.TOTOP PICKApr 09, 2008

Natural gas. There are about 4 or 5 juniors in the whole Montney region. Likes this one because it already has production of 1.5 million barrels a day. Cash flow of about $.30 or $.40. There will be a significant expansion in this area. Have a big land position.
$1.49

Stock price when the opinion was issued

oilgas
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PAST TOP PICK
(A Top Pick July 13/10. Up 40.38%.) Acquired.
TOP PICK
Has exposure to Montney gas. Very good leverage to emerging resource play in terms of the amount of land they have. Hidden gem is their Wabamem (?) play, which has been kind of a burial place for past companies but they have a sweet spot.
BUY
Had great success finally. Enviable asset base. They continue to grow. It’s a gas stock, but they are drilling some really exciting exploration wells this winter.
BUY ON WEAKNESS
Great land position with the Montney. Valuation is reasonable. Would buy on a 15%-20% dip.
BUY
Gas weighted. She is positive on gas. Had execution problems in the past but it looks like things are getting better. Fantastic prospective land position in the Montney but are chasing things other than that and once they do this, things should be a lot better.
BUY
(Market Call Minute) We are going to get some well results soon. Buy half now.
HOLD
(Market Call Minute.) Great asset base but she has difficulty monetizing it.
WAIT
Resource base could be very valuable. Wells are expensive. Watching debt. Wants to see the future become a little brighter for the juniors.
TOP PICK
Gas producer in central Alberta. Very inexpensive in terms of price to cash flow at just over 3X next year's. Trading at about 65% of the NAV.
COMMENT
(Market Call Minute.) Concerned that debt levels are a bit high. As capX increases, it should make the production higher that will increase cash flow and reduce debt. They have Montney B.C. that everyone is excited about. Hold or Sell.
BUY
High leveraged natural gas, has big plays and big projects
BUY
Has been a bit of a disappointment, not being able to meet its production targets. However, they have now announced they did meet their targets for the year. A well-managed company.
DON'T BUY
Has had disappointing performance. Likes management. Have some decent assets. Very good price, but speculative.
DON'T BUY
Has been disappointing in its results of its 1st quarter. Has some good assets and likes the management.