Opinions
Josef Schachter
Forent Energy
FEN-X
DON'T BUY
Apr 05, 2012
(Market Call Minute.) Concerned about the balance sheet and that they did not get the breakthrough in Nova Scotia.
$0.130
Stock price when the opinion was issued
oil
gas
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COMMENT
Have assets in western Canada that are heavy oil. Doing 300-400 BOE’s a day. Very small company. Will continue to try and grow the heavy oil. What is exciting is that they have a very large land spread in Nova Scotia that has potential for shale natural gas. This is their home run potential. He is waiting to see more activity. Risky.
oil
gas
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