David Burrows
Duvernay Oil Corp
DDV-T
TOP PICK
Mar 31, 2008
We’re in a bit of a pinch for natural gas because of a lack of drilling last year. They have a potentially significant play in western Canada. Beating the competition at the growth level and at finding new assets. Really positive pricing power on the product. The company is growing very quickly with a lot of upside.
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.
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.
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.