Stockchase Opinions

Joanne A. Hruska, CFA Fairmount Energy Inc. FMT-X PAST TOP PICK Sep 12, 2008

(A Top Pick Aug 24/07. Down 29%.) Drilling in Gold Creek Alberta with bigger and more expensive wells. Had a tough time raising money but think they have solved it now. Sold her holdings.
$1.060

Stock price when the opinion was issued

oil gas
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TOP PICK
Their key asset is in Gold Creek. Company production is about 400 barrels a day. One of their tests last year was over 1000 barrels. Will start drawing some more wells in September. Trading at just under 3X cash flow. Asset value per share is $2.50.
PAST TOP PICK
(A Past Top Pick Aug 24/07. Down 19%.) Had a couple of really good discoveries in August in the Gold Creek area. They are deep/expensive wells, but good potential for large wells. She is not selling her holdings.