Highpine Oil & Gas (HPX.TO) Buy, Sell or Hold

Highpine Oil & Gas (HPX.TO)

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COMMENT

Being acquired by Daylight Energy (DAY.UN-T). If you own, take the shares rather than the cash. Daylight has put together a beautiful spread of land in Alberta and using the multistage fraqing technology they have successfully used elsewhere.

STRONG BUY

Some interesting drilling prospects. Far too cheap to not be owned. Trigger to sell is when they get drilling success. If they keep delivering on a quarterly basis, then valuations should tend toward peer group average.

HOLD

Has been a value trap. Very cheap. What are they going to do with all the money they have? Should've made acquisitions last year. Trying to drill their biggest play in the Pembina Nisku formation but cannot drill because H2S levels have been too high.

BUY

Very cheap gas company. Didn't participate in the big upswing. Was disappointing over the last couple of years. Debt is okay and production is okay. Worth owning because it is so cheap.

HOLD

(Market Call Minute.) Very, very cheap stock. Fantastic balance sheet but it is very tough to see how they are going to grow.

HOLD

Doesn't have significant enough to move the needle in any major way.

SELL

Fairly levered to natural gas. In the bottom 10% of his database. Made $.87 in earnings last year but forecasted to lose $1.22 for 2009.

SELL

(Market Call Minute.) Oily but hasn't done anything. Balance sheet is clean and they have lots of cash and has everything going for it but the market has not rewarded it and you can get more traction elsewhere.

BUY

Very little debt. Diversified into another area. Valuations are cheap, almost a top pick. They recently drilled two dry holes.

SELL

Little bit of light oil, which is nice, but hard to see a catalyst for this. Not big enough to be attractive as a takeover.

BUY

(Market Call Minute.) Likes the management team. Has been decimated because of turnover debt situation. Bank has cut back the credit line but he thinks the management will pull this off.

DON'T BUY

Last 6 months they have had some management changes that he feels are positive. Very high quality slate of drilling prospects. Will be heavily penalized by the royalty changes in Alberta. A “wait and see” stock at the moment.

TOP PICK

Well-regarded management, starting to turn the story around. Multiples are unbelievably low. Catalyst is new management.

BUY

Just came out with their Q1 and shot the lights out. Probably the cheapest 20,000 barrels of oil a day you are going to find. Part of the overhang has been that they went in for quite some time without a president. Also went through period where it was difficult for them to get licenses, as most of the oil they produce is sour. Trading at 2.5X cash flow.

HOLD

Penalized really hard with the Alberta royalty review. Recent changes will not affect them. She can calculate an NAV that is a little higher than today's price. Initial indications on the new president is that he is strong. If they can keep production levels up in Q2 there might be renewed interest in the company. Small to medium chance of a bounce.

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Highpine Oil & Gas (HPX.TO) Frequently Asked Questions

What is Highpine Oil & Gas stock symbol?

Highpine Oil & Gas is a OTC stock, trading under the symbol HPX.TO (previously HPX-T on Stockchase) on the undefined (undefined). It is usually referred to as or HPX.TO

Is Highpine Oil & Gas a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on HPX.TO (previously HPX-T on Stockchase) on Stockchase. Read the latest expert commentary for Highpine Oil & Gas.

Is Highpine Oil & Gas a good investment or a top pick?

Highpine Oil & Gas was recommended as a Top Pick by Joanne A. Hruska, CFA on 2008-04-14. Read the latest stock experts ratings for Highpine Oil & Gas.

Why is Highpine Oil & Gas stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Highpine Oil & Gas.

Is Highpine Oil & Gas worth watching?

Highpine Oil & Gas is covered by Stockchase experts and is worth watching.

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