Stockchase Opinions

Bruce Sellery PetroKazakhstan Inc PKZ-T BUY Oct 20, 2000

Considerable holdings in central Asia. Some political problems? 4.5 X earnings
$10.000

Stock price when the opinion was issued

oil gas
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DON'T BUY
He would run for the hills. Doesn't trust the government.
HOLD
A lot of problems with the government. Could be some buyers for the company and if you own, you could end up with a small premium over the present price. A lot of uncertainty and this will continue.
SELL
Dropped quite a bit and then has reclaimed a lot of its lost ground on the idea that it is for sale. Tomorrow is an unknown and would sell if you own.
TOP PICK
Has been approached by numerous parties for a takeover. Trading at least half of international oil companies. Takeover will be higher than the current price.
BUY
The biggest risk is essentially the political/country risk. You can see the volatility of it in the last several months. Extremely cheap if you compare it to the integrated companies here in Canada. There are also some interested outside buyers. Feels there's s ome good upside on this.
TOP PICK
More a case of holding for the $55 cash bid rather than buying. Has lots of oil and is trading very cheaply. Thinks there will eventually be a spinout of a junior oil by the current management which will create value.
HOLD
A very attractive asset. Wouldn't be surprised to see the price driven up by another bid.
SELL
Thinks that China will be more aggressive than India on the oil front, so thinks it will end up being the deal that's on the table right now.
HOLD
The next several weeks are going to be very interesting. Have been some big developments this week with a formal offer coming in from China. Could be a counter bid from India. He would take some of the money off the table. Stock is cheap selling below net asset value. He is prepared to invest in this as a going concern.
PAST TOP PICK
(A Top PIck July 26/05. Was a take out. Up 34%.)