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Centurion Energy International (CUX.TO)

BUY ON WEAKNESS
Doing about 21,000 BOE's a day. Starting in September they will be accelerating their program with 4 rigs running on the exploration side.
BUY
If there is another weakening of oil prices over the summer, this could get soft again. Excellent company, well managed.
BUY
Expect that it will exceed its high of $18 in the next year or two.
BUY
It's down because the whole sector is down. A very well placed company. Attempting to make acquisitions in Libya.
HOLD
Pieces are moving so fast in this company, this is real exploration drilling in northern Africa. It is moving so fast that he would put a value somewhere between $10 and $14. Has no idea where it's going as there is no real value in what they are doing. They are spending a lot of money and he hopes they'll find something.
BUY ON WEAKNESS
Gas inventories are building, so this could pull back further. Recommends to his clients to buy below $11, but if not weaker by July, be long the stock anyways. Loves the story. Will have 4 high impact rigs running and if there is even moderate success, the stock should go a lot higher.
DON'T BUY
Chart shows a long base from 2000 to 2003 with a rise up to a spike in '04 with a pull back to mid-April and now into a recovery. Can it reach it's old high? The problem is it's more a trader's play at this time.
DON'T BUY
His big concern is that it's a company operating in Egypt and had some high international risk to it. It's a one-story company and you can't cooberate the story effectively.
BUY
A fairly good entry point for it.
BUY
There's been a lot of money flowing into international oils. This one has been a great story and has shown some great growth. Starting to look fairly attractive at this price. Still some upside from here.
WAIT
Look at what's going on in the peer group. Oil sector has been one of the strongest over the last 18/24 months. We are now getting a classic correction pull back. The trend is still intact in oils, but the small and mid caps are going to pull back more than the large.
DON'T BUY
One of the few energy stocks that he would not be buying at the present time. Pretty much out of upside potential. It is selling at almost 10 X book which is too expensive. No fair market value. Speculative.
HOLD
Very well run. The whole sector has come off a little bit, especially international gas plays. For a company that will easily double production over the next few months, it's a good long term hold. They could go into another copuntry.
TOP PICK
In his 3 Top Picks, he is recommending that buyers take advantage during the weakness in the next 2/3 months. Under $12 it is a screaming BUY. They are in Egypt and are looking at Sao Tome which is offshore Nigeria as well as Libya and Nigeria.
BUY
Higher risk foreign assets. Understands the assets are very solid. Could propel into new heights on its valuation.
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