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Petrobank Energy and Resources (PBG.TO)

BUY ON WEAKNESS
Owns their bonds. Stock has run up a lolt so wait for a pull back. A good story. Has some interesting environmentally friendly technology, which if it does work, it'll be very good for the company.
WATCH
Experimenting with a new technique (THAI) to extract bitument from the ground. This company is at the higher risk of the spectrum because their business is dominately related to their oil sands ventures. The one underpinning of the stock is that they do own reserves.
WEAK BUY
Has 2 big projects, one in Columbia which has not doing as well as expected. The Canadian project is doing quite well. The real attraction is the enhanced oil recovery projects. A bit of a high risk situation.
TOP PICK
1.3 billion barrels maybe. They have a patented technology "Toe-to-Heel-Air-Injection (THAI)". They will be able to sell this technology around the world. Have conventional gas which should double over the next few months. Also have coal bed methane. Just drilled an oil well in Colombia.
BUY ON WEAKNESS
Incredible assets. Besides their conventional business, they have 2 other businesses, Columbia which the market didn't like and "Toe-to-Heel-Air-Injection (THAI)" tecnology which is unbelievably exciting. The upside to this alone will be extraordinary. Tie this in to everything that is going on with oil sands and it has just taken off. Has gone a little too far.
DON'T BUY
Owns the bonds instead which gave a 14% return. Likes the company very much. Has Columbia heavy oil, conventional western gas. Fully valued now and will have to do some major work on their heavy oil for the stock to have some growth.
DON'T BUY
Drilling results in Columbia has been very disappointing.
BUY
Has some interesting assets in South America. Relatively low risk.
DON'T BUY
Good management. Not a big fan.
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