Stockchase Opinions

Jean-Francois Tardif Forbes Energy Services FRB-T PAST TOP PICK Jul 07, 2009

(A Top Pick June 23/08. Down 86.74%.) Oil and gas prices went down a lot faster than he expected. Sold his holdings last fall.
$1.150

Stock price when the opinion was issued

oil gas field services
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TOP PICK
It’s cheap because nobody knows about it. Will make $0.50-$0.60 per share this year; $0.70-$0.80. Oil and gas services companies have gone through the roof. This is still at IPO price.
TOP PICK
Energy services in the US. Growing very fast. $.52 of earnings this year and $.82 next year. Very cheap.
TOP PICK
One of the dominant providers of oil/gas services in northern Texas and the Hainsville shale area. This is an area that has seen exponential growth in the last couple of years. Business should grow in the 35%/40% in the next year and probably another 35% the year after. Potential takeover target.
COMMENT
Driller for oil/gas companies. Because commodities are down, the producers are not drilling. Have quite a bit of debt.
DON'T BUY
(Market Call Minute.) Oil/gas drilling. Just came out with poor results. Too much debt.
PAST TOP PICK
(A Top Pick Aug 7/08. Down 85%.) He sold his equity holdings but bought the high yield bonds and gets about 20% yield. Not much debt and have almost 100 rigs to back up the debt. $2.75 in 12 months is not too far off.
TOP PICK
Likes the energy services as it is a way to play the commodity market. Able to increase day rates and pass on some of the costs to their customers. Great way to play energy in a rising cost environment. One of the largest in Eagleford Shale in Texas. Think they will be able to eliminate their debt and get a valuation lift.
PAST TOP PICK
(A Top Pick Apr 29/11. Down 12.17%.)
PAST TOP PICK
(A Top Pick April 20/11. Down 42.87%.)