First Calgary Petroleums (FCP.TO)

BUY
Moving from the highly news driven story of LNG production overseas to really becoming a true development play. Have done a really good job of managing expectations. It should do well.
BUY
Transitioned itself from an interesting exploration play with potentially huge upside to a really good value play. Entering the development stage. He likes, and thinks you can buy at this level.
BUY
He is using volume at price and the resistance point is going to be $6.55. Based on last week's action, he would put a bigger than average bet in. The first upside would be to $6 and you might want to add it breaks through this.
DON'T BUY
Operating in Tunisia and Algeria. Better opportunities and better risk/reward with other companies.
DON'T BUY
Assets in North Africa. Excellent gas producing properties but are too small to be able to do anything about them. Will probably get bought out by the locals, and who knows at what price.
DON'T BUY
This is the season where you want to buy companies where stocks are weak. This would not be his first choice. This is an international company with gas assets in Tunisia, where it is a little more difficult to sell.
DON'T BUY
Has gas properties in Algeria and Tunisia. Some of these have been disappointing. He is very cautious when it comes to oil companies with foreign assets.
DON'T BUY
Have a really good discovery, but are trapped in North Africa without anyway of getting the gas out or cash to develop them. Put themselves up for sale and there were no takers, Not a fan of foreign jurisdictions.
DON'T BUY
It has found gas, but it just can’t get it out. Doesn’t have pipes attached to it. It will stay cheap until they can get the gas out.
HOLD
Had trouble monetizing its assets. The market is waiting for its value to be proven. The worst of the news is of the stock, so if you own, continue to hold.
WAIT
The company has made a large discovery. Waiting to see how they are going make money with it. No news is hurting the company.
DON'T BUY
Has a massive gas find in northern Africa. Not sure what they can do with it as they will have to spend billions of dollars for a pipeline.
HOLD
Had a major North African discovery, and has put itself on the block. Feels that eventually, it will be sold. We'll go sideways until something material happens. Have the resources, but not the money to develop it.
WEAK BUY
Has a great asset. Was up for sale but no buyers, so did a finance. Short-term wouldn't expect a whole lot, but long-term things that someone will buy the company.
DON'T BUY
Found a lot of gas which looked very promising but didn't have the capital to develop the resources. Tried unsuccessfully to find a buyer. They are now trying to develop it themselves.
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