Daily Stock Opinions and Ratings

Opinions

Jennifer Stevenson Highpine Oil & Gas HPX-T BUY May 13, 2008

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.

Jennifer Stevenson

Unknown

Unlock Rating

$13.080

Stock price when the opinion was issued

oil gas

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

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.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Jennifer Stevenson Highpine Oil & Gas HPX-T BUY May 13, 2008

You might be interested:

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Highpine Oil & Gas(HPX-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Bruce Murray

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Chris Blumas

Stockchase Insights