Opinions
David Cockfield
Endev Energy
ENE-T
BUY
Aug 18, 2005
Has gone through some various management changes. Had a reconstruction reorganization. Numbers have been looking better on the production side. Has some potential looking into late summer and fall.
$1.730
Stock price when the opinion was issued
oil
gas
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Endev Energy is in the shallow area of S.E. Alberta. He is concerned that the company has not had the increase in production. Decline rates have been high. They are spending lots of money. He is researching this stock at this time and waiting to see the results of the end of the year. Not convinced the company has executed the way they should have.
oil
gas
BUY
Cheap. Good management good assets. Seniors, intermediates and larger juniors have moved and the smaller juniors will now start to move. This will be one of the ones. Starting a new play in the Manville (?) formation, which is starting to work. If there is continued success here, the stock could be $1.50.
oil
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