Opinions Peter Hodson
PetroKazakhstan IncPKZ.TOTOP PICKJul 26, 2005
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.
Peter HodsonOwned
$48.90
Stock price when the opinion was issued
oilgas
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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.
James Cole, BA, CFAOwned
oilgas
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.
Jim HuangOwned
oilgas
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.
Werner MuehelemannOwned
oilgas
BUY
Has been rocketed this year by bad news. The Indian National Oil Company approached them about a possible takeover. This could result in a 3 way bidding war.
Wilf GobertOwned
oilgas
BUY
Kazakstan borders China and there is a pipeline being built which will start up at the end of this year. This company has the oil to fill it. There could also be an interest in China, Russia, India, etc. to acquire the company.
James Cole, BA, CFAOwned
oilgas
BUY
An interesting story. Has been hugely undervalued because of the whole political risk associated with where its operations are. Their problems would all be solved in the Chinese, the government or Lukoil acquired them. Think they will get a deal done and will pay 10/15% over its current price.
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