First Calgary Petroleums (FCP.TO)

TOP PICK
Making tremendous discoveries in Algeria. Could be a takeover target.
DON'T BUY
Had a great run. Market cap is almost $1.2 billion. There are two properties in Algeria. One is gas which is a good discovery and the other is oil which they are still evaluating. Will need a lot of infrastructure to get product to market. Overvalued.
BUY
His favorite oil company at this time.
DON'T BUY
Has had a great run which is reflecting their discoveries and foreign assets. Has to make some significant announcements before they can reach the next level.
BUY
Just completed a successful financing for $40 million, which puts them into a strong negotiating position. Look for run-up in the stock closed at two the drilling date.
DON'T BUY
Fantastic results in North Africa. Have just raised $100 million in capital. They now have to bring on the production. Results are in the future. Stock has been discounted. Doesn't know how to value it. Speculative.
BUY
Has done very well. As continued to prove up its reserves on one of its blocks In Algeria.
WEAK BUY
Made a big gas discovery.Good potential there, but the risk is that the production will not be started until 2006.
WAIT
Has a number of wells in Africa. Wait and see what they do next.
BUY
Has a great discovery in Algeria. Should earn a good cash flow. Very undervalued. High risk/high reward.
BUY
Have a great discovery in Algeria. Big risk/reward.
BUY
They have a significant gas find. May take 6 months to get shipping arranged.
DON'T BUY
Oil drilling came up dry. Gas needs infrastructure for shipping. High risk.
DON'T BUY
Very high risk profile.
DON'T BUY
Speculative. Fields are in Algeria.
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