Stockchase Opinions

John Clarke Pan Ocean Energy Corp Ltd (B) POC.B-T BUY Apr 26, 2004

Recently announced a good looking discovery off West Africa and their production is growing.
$12.150

Stock price when the opinion was issued

oil gas
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TOP PICK
Very high quality, more anounments to come over the next week or two. This one can really motor. Has Held for 6 months. Still Strong Buy
HOLD
Although there has been growth, can see some potential weakness on the stock because of the overall weakness on the oil market and the illiquidity of this name. Likes the company.
BUY
Likes the company. They have huge production and huge production growth.
PAST TOP PICK
(A Top Pick Mar 9/05. Down 25%.) Very high quality light sweet crude off the shore of Western Africa. Still likes.
BUY
Things are very solid. They need to put up their drilling results. Have a relatively slow drilling program because they're developing an entire field. Could do 30/40 thousand barrels a day in '07/'08. The market will start to pay attention when they see the ramp up from the mid teens. Not flashy, but a keeper.
DON'T BUY
International side of energy has fallen out of favour a little bit. Would prefer to deal with domestic producers instead.
DON'T BUY
Sort of in its blast off mode. Most of the assets are in west Africa and in some dangerous places. Exploration risks are extremely high. Will have to pull a rabbit out of the hat to go higher.
BUY
Most Canadian domestic oils have done a bit of a recovery along with the rest of the market from November 1st. This one is in that group of overseas' ventures that hasn't made that turn. Only a small number of shares outstabding. It's running at 10,000 barrels a day which is very large. This has to be aa recovery situation.
WATCH
It has increased its reserves. Seems to have links with Nigeria. Would like to see a correction and then would buy at $32.
BUY
Have made some very interesting discoveries. Getting ready to grow their production. An international play, so be cautious.