David CockfieldDuvernay Oil CorpDDV.TOBUYFeb 10, 2005
One of the more popular juniors. Feels that New York money is coming in and that's why the juniors didn't react too much to the jump in oil. 77% gas. Well through the 10,000 barrels a day and rising nicely. Looks like a trust in the making. Still has some upside.
Massive gas company. Acreage is among the absolute top deciles in gassy plays in the Montney region. An expensive multiple stock but the growth profile is an extremely impressive.
2 key things going for them. 1) Very strong pricing in the commodity and he feels natural gas is going a lot higher. 2) Good production growth. Have exposure to the Montney play in Alberta/B.C. Could be a takeover.
Have a very substantial position in the Montney play in British Columbia, which has better royalties in the gas production than in Alberta. Good management and good assets.
Large acreage in the Montney B.C. area. Management has always been extremely successful. An excellent acquisition target, possibly by Talisman (TLM-T).
Probably the best managed oil/gas company in Canada. Has unconventional gas, which means that the degree of certainty is much higher. Should continue to do extremely well. Trades at a premium to others, but deserves it.
Success in North East Alberta and BC. Lot of upside. One of the more aggressive plays in Natural Gas. Possible acquisition target. Upside in the resource and in natural gas pricing. Thinks it’s going higher. Natural Gas will be higher in 12 months.