Daily Stock Opinions and Ratings

Opinions

Joanne A. Hruska, CFA Highpine Oil & Gas HPX-T HOLD Apr 14, 2008

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.

Joanne A. Hruska, CFA

Owned

Unlock Rating

$10.220

Stock price when the opinion was issued

oil gas

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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

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

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.

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.

HOLD

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

HOLD

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

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

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.

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.

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.

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Joanne A. Hruska, CFA Highpine Oil & Gas HPX-T HOLD Apr 14, 2008

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