Brendan Kyne
Duvernay Oil Corp
DDV-T
BUY
Jun 06, 2008
Large acreage in the Montney B.C. area. Management has always been extremely successful. An excellent acquisition target, possibly by Talisman (TLM-T).
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.