Summer Sale

50% off Premium Yearly

00days
00hrs
00mins
00secs

Ithaca Energy Inc. (IAE.TO)

BUY
Poster child for a small oil stock that has been lambasted. A development well they drilled came in wet so they could not meet their production forecast. 2.3 times cash flow. He is looking at buying it.
BUY
North sea so there are British tax increases. They had production misses. Still remains a big production co. and one they like.
STRONG BUY
Has come off for a couple of reasons. 1) British raised their royalties on North Sea oil but this company is entirely unaffected as they have 3-4 years of tax pools. 2) Had a couple of pump failures in a well, which is normal. Good management. Terrific buying opportunity and could be one of the top performers for the year.
COMMENT
North Sea producer of about 5,000 barrels a day. Has been a lot of noise in the North Sea recently including tax increases, abandoning liabilities and mitigation of tax changes. North Sea is very difficult because of high costs, very weather dependent, hostile environment in winter. Cheap at 2.5X price to cash flow. Enough cash for funding another year or two. Expects a big production bump in Q4 so there will probably be a bump in the share price.
BUY
North Sea oil. Debt free. Produce about 4,500 barrels a day. Another play, Athena, will be producing about 5,000 later on. Attractive.
WAIT
Explosive growth 24+months out. Has owned it in the past. Might add some in the summer.
BUY
A great time to buy. 5 wells they are drilling this year. You buy this and you are rewarded over time.
BUY ON WEAKNESS
UK has recently raised taxes and the stock got hit. Has some very good plays in the North Sea and their funding is in good shape. If you own, stay with it and Buy on weakness.
BUY
One of his largest positions. North Sea oil producer. Terrific management brought it back from $0.22 to $3. Came off a little, largely because of the tax issue. UK government sideswiped the oil producers by putting some higher royalties on them. Expecting them to increase production dramatically over the next couple of years.
TOP PICK
Oily, North Sea. Dip recently when UK government raised tax on North Sea production. They have tax losses to avoid the tax for 5 years. Markets aren’t pricing in the increased cash flow from an acquisition that is almost completed.
BUY
Explorer and developer in the North Sea. Doing quite well in bringing older fields into production and exploring for them. Enjoying the higher prices they have been getting in the last little bit, which benefits their cash flow. Doesn’t see any impediments on regulatory issues.
BUY
Pure play in the North Sea, primarily oil with a bit of gas. Producing around 5500 BOE’s a day. Will be doubling production in each of the next 2 years. At $90 oil it has a 2 P/NAV of $3.55, about 30% upside. At $100 it has a NAV of $3.90. Fully funded. Lower risk because it is not pure exploration. Good management and a pretty good balance sheet.
COMMENT
Expect it could have a little more upside but it won’t be a lot. Would wait for a much more significant pull back such as $2.50.
TOP PICK
(A Top Pick Jan 20/10. Up 94.96%.) North Sea oil/gas producer. Was extremely cheap at 1X cash flow. Did a funding last year so have capital to execute their program and are on track to triple production over the next couple of years.
BUY
Is a recent purchase of his just before it ran. Still buying on this little dip. North sea oil producer. Pretty big production gains coming late 2011-13. Stock is very cheap. Could still double from $2.40.
Showing 76 to 90 of 113 entries