Opinions Eric Nuttall
Emerge Oil & Gas Inc.EME.TOBUYMar 24, 2010
Reasonable valuation at around 6.5-7 times cash flow based on $75 oil. Very good asset in the Lloyd Minster area using new technology. Should do well over the long term.
Eric NuttallOwned
$4.03
Stock price when the opinion was issued
Oil and Gas (Integrated Oils)
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BUY
Heavy oil producer in Saskatchewan. Doing a good job of assembling an inventory. Heavy oil in juniors doesn't tend to get the valuation or appreciation in the share price but this one should do well.
Don ShortOwned
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BUY
Been buying over the last couple of days. $3-3.15 is a good entry point. Management is very competent. They have enough running room given their market cap.
Eric NuttallOwned
Oil and Gas (Integrated Oils)
TOP PICK
Heavy oil producer in eastern Alberta/western Saskatchewan with huge economic pools. Big drilling inventory ahead of them. Looking for 50% production growth over the next 12 months.
Robert LyonOwned
Oil and Gas (Integrated Oils)
TOP PICK
Likes it because she likes heavy oil. Large contiguous asset base. Very repeatable. No exploration risk. Just drilling really boring 50 barrel per day oil wells. Makes tones of money and they can double their production this year. New public company and has not done marketing so it is undervalued.
NOTE: EME-T used to be the symbol for Emergis, which was acquired by Telus in 2008 and the symbol is now assigned to Emerge Oil and Gas.
Jennifer StevensonOwned
Oil and Gas (Integrated Oils)
