Daily Stock Opinions and Ratings

Opinions

Robert Floyd Falcon Oil & Gas FO-X COMMENT Jun 24, 2008

Have an interesting asset base. The issue with this company is the extremely deep, expensive gas drilling in Rumania. Recent joint venture with Mobil Exxon is encouraging. Waiting to see what targets they have identified and what the results will be. Will be news driven. Very speculative.

Robert Floyd

Unknown

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$1.110

Stock price when the opinion was issued

oil gas

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DON'T BUY

Used to own this but sold out at about $6 and then they ran out of money. Stock is very expensive and there is a lot of uncertainty and a long timeline.

COMMENT

Starting to make a base. Use a stoploss of around $.60/$.70.

DON'T BUY

This one is almost like being in a casino. The asset could be very big. The gas is there but can they take the gas out at a profit. Have spent a lot of money to make it work, so far unsuccessfully.

HOLD

(Market Call Minute.) Have an interesting prospect. Trying to diversify their asset base. Speculative.

BUY

In partnership with Exxon (XOM-N), which has saved them. Exxon is going to be drilling one of the large fields and assessing what exactly is there. If they find something, the stock will trade back up.

DON'T BUY

Gas in Hungary. Management grilled for deep gas, found some, but not enough to make it commercially viable. High risk.

DON'T BUY

Very difficult company because they are chasing tight gas in Hungary and execution is very difficult.

DON'T BUY

A speculative stock trying to find some oil in Hungary. People only in the stock should have had a stoploss at around $.40.

SELL

Exxon Mobil just finished drilling a well (in Hungary) and did some drill stem tests and came up with fresh water. Most water in an oil well is salty and briny.

DON'T BUY

Gas play in Hungary. There is gas there but can you get it out and can you do it economically? It is very deep. Exxon is a good partner but a slow one.

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Robert Floyd Falcon Oil & Gas FO-X COMMENT Jun 24, 2008

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