Niko Resources (NKO.TO) Buy, Sell or Hold

Niko Resources (NKO.TO)

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20 watching

BUY

In March/April they start bringing on the oil production in D6. Then in July/Aug they start bringing on the big natural gas pump up. Season going from 87 million a day to 400 million a day by March 09.

BUY

Main assets are in India. Expecting it to stay as a $100 stock. There could be more weakness where you could buy it.

PAST TOP PICK

(A Top Pick Nov 6/06. Up 39.9%.) Own a block in the Indian Sea and are currently negotiating the gas price. Could get a good price of $4.20 BTU. Starting new drilling in which they have 100% interest. Still a Buy.

TOP PICK

(A Top Pick Sept 29/06. Up 35.7%.) D6, located offshore East Coast India has been a big success. Will bring on the oil portion in March. Gas will come on July-August increasing production 4X today's.

TOP PICK

In the last month, with the bad monsoon season, plus the poor stock market, the stock has been hit hard. Likes that they are part of a project with Reliance, the largest company in India, on the east coast of India. We'll be coming on production next year with 2.4 billion ft.³ a day. Largest natural gas project anywhere in the world.

TOP PICK

Have had some excellent results in terms of exploration. The more holes they drill and the more success they have, the higher the value of the company becomes.

PAST TOP PICK

(A Top Pick Aug 29/06. Up 50.7%.) Still likes. Have made announcements on further acquisition of land for expiration.

TOP PICK

(A Top Pick July 4/06. Up 55.6%.) Every time they drill in the D6 block the NAV goes up. Expect at some time this will be a takeout.

BUY

It's a more aggressive international name. In a bull market, the first stock to double is likely to be the first stock to double again. Always go to the strength, don't chase the laggards. This is a stock that has performed well against a tough sector, so these are the stocks you want to focus on.

PAST TOP PICK

(A Top Pick Aug 29/06. Up 35.6%.) There are rumours that it could be a takeover. Still likes.

TOP PICK

(A Top Pick Nov 6/06. Up 22.3%.) A classic takeout play. Have asset rich gas prospecting plays in India.

TOP PICK

(A Top Pick July 4/06. Up 25.7%.) Indian gas play with enormous potential. India is starving for energy. D6 play will be coming into production in about 6 months. Will eventually be a takeout. Trading at a very deep discount to its NAV.

COMMENT

There are no earnings on this one as yet, so it is difficult for him to make an assessment. His model price is $11.47.

SELL

A terrific story. Mainly natural gas offshore India. Had some difficulties off of Bangladesh. Once the further reserves have been proved up, he is concerned as to how much the governments will allow them to keep. Would recommend taking profits.

BUY

Every day that goes by is a day closer when they get the big cash flow out of India. Well managed. All set for their next drilling program.

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Niko Resources (NKO.TO)