Daily Stock Opinions and Ratings

Opinions

Michael Smedley Interoil Corp. IOC-N WEAK BUY Jan 03, 2006

Is down about 30% today. You will continue to see violence on this. A wildcatting, pioneering type of company in New Guinea. In very good geological terrain. Also has a refinery. You now have to wait for more news and hope that it will be good. On a wildcatting speculative basis, he would be a buyer. Supported at the $17/18 level by the refinery.

Michael Smedley

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$20.700

Stock price when the opinion was issued

integrated oils

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BUY

Just completing the acquisition of a chain of gas stations. When the modern drill gets in place, they might just have a major discovery.

DON'T BUY

This stock is in a clear downtrend. Did not perform when all the other stocks in this sector were going up.

DON'T BUY

Located in Papua New Guinea. They have a refinery but also have some drilling land. The company has not shown itself to be competent in its drilling. The refinery is good, but the oil exploration side is highly questionable.

DON'T BUY

This is a company that has been trying to get positive drilling results for many, many years. He gave up on the company a couple of years ago. It always seems to be overpromise and fail to deliver. Relatively expensive. There is a lot of shortselling against it.

DON'T BUY

Operating in New Guinea. Have had various disappointments. Geology is very complex. The refinery is a nice asset. Speculative. Considering using as a tax loss.

BUY

In Papua New Guinea A viciously volatile stock. Just clinched financing by Merrill Lynch for the gas pipeline. There is the backdrop of the refinery they built, the only one there as well as a distribution network they bought from Shell and BP. The potential is for it to be hugely higher. High risk.

HOLD

Had a gas discovery and is going through refinancing. Some outstanding credit issues are looking much better now. Needs a bunch of money to develop an LNG project in Papua New Guinea. Long-term project.

TOP PICK

Oil in Papua New Guinea. Integrated and its main focus right now is on a new refinery. He would accept at a little above $13.

PAST TOP PICK

(A Top Pick Nov 28/08. Up 376%.) Exited too soon. Still a buy. Support is around $55.

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Michael Smedley Interoil Corp. IOC-N WEAK BUY Jan 03, 2006

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