Stockchase Opinions

Joanne A. Hruska, CFA Kereco KCO-T TOP PICK Apr 14, 2008

Oil. Just sold off a lot of their assets, so is now a very streamlined Sturgeon Lake area in Alberta. No debt. Have cash for acquisitions. Great management team.
$4.350

Stock price when the opinion was issued

oil gas
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SELL
An exploreco spinoff, along with Bear Ridge and Ketch Resource Trust from Ketch Resources. Was interested in the parts, but everyone charged into this and they are all trading at surprising premiums. Wait for the dust to settle. If you own, take some profits.
HOLD
Had great drilling success, but the numbers coming through were still ho-hum. Made an acquisition and are busy consolidating it. Revised Q4 production figures down. Good spread of assets.
BUY
Have a very core oil asset at Sturgeon Lake, which has done really well for them. On a valuation basis, she likes it. Reasonably priced.
BUY
Has put itself into a value maximization process. Ever since they announced that the stock price has come down. She believes the net asset value is much higher than the stock price and it will be taken over.
PAST TOP PICK
(Top Pick Apr 14/08 Up 55.17%) Was taken over.