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

Highpine Oil & Gas (HPX.TO)

0.00

-0.00 (0.00%)

4 watching

PAST TOP PICK

(A Top Pick Apr 4/07. Down 14%.) Has a complexity of high-volume oil wells and the Alberta government changed the royalties by as much as 50%. Many of their locations became uncompetitive. Had some positive management changes. Treat as a Hold. It could get better. Wait for the government’s review.

TOP PICK

Some of the companies with deeper exploration targets were really hit with the Alberta Royalty Review. Rumours are that, after the Alberta election, there may be some closure on the unintended consequences. If so, companies like this may get a bit of a break. Trades at less than 3X price to cash flow and less than 1X debt to cash flow, which is cheap. Had some booming wells in 2006/2007. New management is well regarded.

BUY

Was decimated because of the Alberta royalty review. The stock price more than reflects the amount they are going to be able to invest next year as the cash flow will not be as great. Because it has come off so much, she would buy at these levels.

BUY ON WEAKNESS

Currently does not have a CEO. Have a very good oil play in the Leduc.

WEAK BUY

Gas will outperform. But long term oil will be stronger. Would recommend ddv-t over this.

BUY

A good level to buy. Light oil focused.

TOP PICK

Dominates West Pembina area. Very complicated reservoirs plus sour gas, which needs approvals from landholders. Good drilling prospects ahead of them. Expect production to go from under 12,000 barrels a day last year, to 21,000 this year and 26,500 next year. Undervalued.

HOLD

They are in the Nisku play that is very tricky. Scattered pockets of oil that the majors missed. Just had to shut in more production. A populated area, so if you leak sulfurous stuff, you're in deep trouble. Have the assets and some great drilling prospects.

BUY

Relatively undervalued. Drilling in the West Pembina area, which are very prolific wells which has pushed their production up dramatically. The wells are sour, so they have to be very careful. High-risk/high reward. Very good value.

BUY

One of the cheapest in the intermediate oil/gas space. Prefers Rider Resources (RRZ-T), which is cheaper on a price to cash flow basis.

HOLD

Have continued to have problems. Gas has sulphur content in it. Missed their production objectives again. Drilling into complex structures. Light oil. Has the potential.

PAST TOP PICK

(A Top Pick Oct 20/05. Down 21.2%.) Has been a disappointment, but still has high hopes for it, Has a great slate of drilling prospects. Recommended Buy.

BUY

Have some excellent prospects to drill. Has a lot of potential.

PAST TOP PICK

(A Top Pick Oct 20/05. Down 18.6%.) Have a great slate of prospects in front of them. Have had trouble getting drilling done on time because of safety concerns. Excellent wells that they are drilling.

BUY

One of his favourites. Made a discovery of some deep reserves in the West Pemina area. They control a lot of the land in that area. Have a large number of drilling locations. The wells are producing big volumes. High growth potential. Expensive, but you have to pay for the growth.

Showing 16 to 30 of 48 entries

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Most Recent Experts

Jim Cramer - Mad Money

CNBC

Richard Orrell

RN Croft Financial Group

Stockchase Insights

5i Research

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Stan Wong

Private Wealth Management, ScotiaMcleod

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 : [email protected].

Summer Sale

Highpine Oil & Gas (HPX.TO)