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Opinions Josef Schachter
Profound Energy Inc.PFX.TOTOP PICKApr 04, 2008
Natural gas. Doing about 3500 BOE's a day. Just did an acquisition of Defiant Resources (DFR-T). With exploration and the acquisition, they should do 4500 BOE's a day by the end of the year. That should give about $1.50 in annualized cash flow making it about 2.5X cash flow and it deserves way more than that.
Josef SchachterOwned
$3.66
Stock price when the opinion was issued
oilgas
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Very conservative management. Valuation is compelling. Have a great suite of West 5 natural gas liquids rich assets.
Jennifer StevensonOwned
oilgas
TOP PICK
Doing about 2300 BOE's and think they will average 3600 in 2008, exiting at over 4000. The NAV is about $450. Good management team. Could be a very important name over the next 2 and 3 years in terms of the western basin.
Josef SchachterOwned
oilgas
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