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Opinions Josef Schachter
Pan Orient EnergyPOE.VCOMMENTApr 04, 2008
Oil story in Thailand. Have some fabulous wells. Stock is having a cool off period here. If they can have continued success on the drill bit in their new volcanic play and the higher oil prices are there, the stock should rebound.
$10.10
Stock price when the opinion was issued
$1.21
As of Aug 24, 2022. Market Open.
Oil and Gas (Integrated Oils)
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BUY
(Market Call Minute.) Had some disappointing results in Thailand on very large impact exploratory wells. Great balance sheet. Still very good prospects in terms of drilling locations.
Peter HodsonOwned
Oil and Gas (Integrated Oils)
PAST TOP PICK
(A Top Pick Sept 20/07. Up 46%.) Their wells are so productive and so cheap to drill that they return their capital investment on a well in about 2 weeks. There are rumours they are going to split the company into 2 and sell some of the assets.
Peter HodsonOwned
Oil and Gas (Integrated Oils)
BUY
Likes it. Price getting close to it’s old high. Little risky.
Peter HodsonOwned
Oil and Gas (Integrated Oils)
COMMENT
Spectacular successes with their Thailand plays. Just made a purchase in Indonesia. Government tax of 50% on any profit over $60. Between Oilexco (OIL-T) and this, she would prefer Oilexco, which represents better valuation in the market. (Not as expensive and has the same kind of upside. Less political risk in the North Sea.)
Oil and Gas (Integrated Oils)
RISKY
Oil in Thailand as well as an oil sands play in Alberta. Thailand is very exciting. Higher risk.
Alex RuusOwned
Oil and Gas (Integrated Oils)
PAST TOP PICK
(A Top Pick Sept 30/07. Up 130%.) Had one well that was a duster about a month ago and the stock dropped. Thailand operation. Well managed. Have great potential. Cost of a well is about $800,000, which they can pay back in about a week.
Peter HodsonOwned
Oil and Gas (Integrated Oils)
DON'T BUY
Drilling in Thailand. Doesn't cover this one and doesn't know enough about the size and quality of reservoirs. Have some fabulous wells. If they keep on having the same success, it could go on a lot higher. A one-play story in one country. He prefers 2 or 3 different countries or bases.
Oil and Gas (Integrated Oils)
TOP PICK
Drilling onshore oil wells in Thailand for less than $1 million. Just hit a 3940-barrel a day well. This well paid back in about 2.5 days and the net asset value on the reserves they just discovered is about $50-$60 million. To spend $1 million and create $60 million worth of value is fantastic. They have about 40 more locations next year. They are fully self-funding.
Peter HodsonOwned
Oil and Gas (Integrated Oils)
WEAK BUY
Exploration company and development. Canadian energy stocks have done extremely badly, so people have gone international, such as this company. Thinks there’s another 50% upside for 08. Good management. Own about 15% of the company.
Jean-Francois TardifOwned
Oil and Gas (Integrated Oils)
