Stockchase Opinions

John Stephenson Petrobank Energy and Resources PBG-T PARTIAL BUY Jan 02, 2009

One of the more interesting names in oil. Has Petrominerales (PMG-T), Bakken light oil in Saskatchewan and the Thai process. Thai has been a bit of a disappointment with sand issues, controlling velocity and technical issues. If it works, it's a homerun. 1% or 2% weighting in your portfolio would be preferable.
$22.750

Stock price when the opinion was issued

oil gas
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SELL
Doesn’t seem to be happening. Done some changes recently. Maybe the Bakken is not working well enough for them. Get Petro Bakken and get the dividend.
DON'T BUY
Used to be an interesting basket of companies. Very high decline rates. Their capital structure is putting pressure on the share price. Some question if the THAI process will work.
DON'T BUY
Reasonable yield, but not sure if it is sustainable. Some of their operations in South America are not particularly predictable and have high decline rates.
DON'T BUY
Has not made a new low and is starting to base. Would look at pieces and not at the company as a whole.
DON'T BUY
Not a big fan of this group of companies. They are typically quite aggressive at issuing equity issues to the markets.
COMMENT
Owns PetroBakken (PBN-T) along with other holdings. Would prefer this to Petrobakken at this stage.
BUY
Period of seasonal strength is from the middle of February until the middle of June. It has had a nice little breakout and has kept on going higher. Technically looks very good. Above the 50 and 200 day moving averages.
DON'T BUY

(Market Call Minute.) Not interested. Looking at others.

COMMENT

Has been rising rapidly from $1+ in the last few days. Management is attempting to create an interesting producer. Drag on it might be their THAI process, which really hasn’t gone commercial but other assets are quite interesting. Good management.

COMMENT
options action It's hitting 52-week highs. Today sees a buyer of 13,000 of the May 16 call, trading at $15.60, at 29-33 cents. Inexpensive and unusual because they're going out to May while other stocks are shorter term.