Stockchase Opinions

Josef Schachter International Frontier Resources IFR-X COMMENT Jan 02, 2008

Involved in the UK North Sea. In the process of drilling a well with the Lundins that is very important. In about 1 month will start working with Husky (HSE-T) in the North West Territories. Between the winters of 2008 and 2009, you will have a good shot if they have any kind of drilling success. Speculative. May have $.50 in cash per share.
$0.830

Stock price when the opinion was issued

oil gas
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BUY
They are waiting for Husky, the operator, to make some announcements. Land issues in the area. Also working on some UK deals to get them farmed out. A fabulous story for business risk oriented accounts. Use a 3/5-year investment time horizon.
BUY
He is a fan of this company. Stock is disappointing as they had the one D & A in the North Sea. They are starting a number of plays. At a very cheap level. Drilling in the Lytham prospect in the North Sea. High risk/reward situation.
BUY
Likes this story. Will be drilling high impact oil play in Nov/Dec with the Lundines, which may have a 1 in 5 chance. Will also be drilling in Jan/Feb with Husky as the operator in the North West Territories. Well financed. Higher risk with 1 in 10 type of chances.
WAIT
Have 2 wells they are going to be drilling in the North West Territories. Also in the North Sea. Company is sitting with $.40 to $.50 of cash. Stock is cheap. A higher Beta name. This is a tax loss name that you should keep an eye on.