Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions David Cockfield
Endev EnergyENE.TOBUYAug 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.
$1.73
Stock price when the opinion was issued
oilgas
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
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.
oilgas
BUY
Trading at 2X cash flow and have started a buyback program. Analysts are looking for a much higher price. More exposed to gas in the past and are trying to exploit more of their oil assets for a more balanced approach. More growth expected.
Robert FloydOwned
oilgas
WAIT
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.
oilgas
BUY
Doing about 4500 BOE's a day at the end of the year. Will be flat for the next couple of quarters. Expects them to exit at 5200 BOE's. They plan on going deeper. Balance sheet is in pretty good shape.
Josef SchachterOwned
oilgas
TOP PICK
A turnaround story. They stumbled 1 1/2 years ago while bringing on a shallow gas play in Medicine Hat. Management has been changed for people who know the area. Will be going for deeper wells. Production has gone higher than he expected. Feels they will exit the year with 5,200 BOE's a day and $0.44 cash flow.
Josef SchachterOwned
oilgas
