Stockchase Opinions

David Cockfield Calvalley Petroleum Inc (A) CVI.A-T BUY Oct 26, 2006

A more speculative stock. Located in Yemen. Old territory for oil/gas companies. Have a really good block of land and have only just begun to scratch the surface. In the process of building a pipeline. Has a long way to go.
$8.190

Stock price when the opinion was issued

oil gas
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BUY
This is production in Yemen. When you get a general pullback in the market, the smaller, international oils are hit harder because of the perceived risks. Has good long-term upside.
BUY
A buy under $6. Production numbers are still coming on strong. Can see them in the 10,000 barrels daily within the next year.
BUY ON WEAKNESS
A Yemen project. Have run into some hitches in terms of their pipeline. A buy under $6. Until they get that pipeline up and running, the market will just sit and watch. Still working on step outs in their main field. The overall background for the stock is positive.
BUY
Have some very interesting drilling prospects. They are increasing production. Yemen is a stable environment. Under $6 is a buy.
BUY ON WEAKNESS
Still positive on this stock. Under $6 it's a buy. Has good production coming on. Good long-term investment.
BUY ON WEAKNESS
Have some good oil properties in Yemen. He sees no reason why it should have sold off recently. They are working on their pipeline. Everything is slow because of bureaucracy. Definitely a buy under the $4.25 range.
COMMENT
Early stage exploration company. Assets in Yemen, which is a good area. Looks pretty interesting but there’s a lot of work, time and money to be spent in evaluating them. There are other international plays that he likes better. High risk/high reward.
COMMENT
Oil exploration in Yemen. Seem to be having a tough time getting the pipeline through the bureaucracy. Stock is trading about 50% under its NAV. Drilling results continue to be positive. Still trucking their oil to the coast. Good cash flow.
HOLD
Small Canadian oil producer in Yemen so part of the political aspect makes it look a little scary. Finally got approval for a pipeline. Have had good drilling results. Generating some pretty good cash flow.