Pacific Exploration & Production. (PRE.TO)…

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Pacific Exploration & Production. (PRE.TO)

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21 watching

PAST TOP PICK

(A Top Pick Oct 19/09. Up 133.43)

HOLD

(Market Call Minute.) Fully valued but the assets they have, have quite a bit of running room. Could see $40 in 2 years.

PAST TOP PICK

(A Top Pick Sept 28/09. Up 119.78%.) Now short this stock as he feels it is at ridiculous levels.

BUY

Colombia. This is a favourite of his. They are finding oil, oil and more oil. They are only just at the start of production and he expects they will double or triple it in the next few years.

HOLD

Was trading in a trend and then a breakout. Looks like a great stock. Volume is declining a bit and is expected near the end of a bullish run. There’s not a lot of resistance in this stock. Use 50-day moving average as a stop loss.

BUY

Energy companies that appear to be doing well are the international oils that have particularly large opportunities to increase reserves and production. Well financed and strong balance sheet. Strong management.

BUY

A favourite but have reasons for continued optimism. Have contiguous land of about 25,000 acres where there is a lot of prospectivity that could be a huge upside for the company.

BUY

A growth company with developments in Peru and Colombia. Very sound management team. They are elephant hunting so as they go along there are some potentially very large targets.

BUY ON WEAKNESS

Stock has done extremely well and is currently slightly overbought with the Relative Strength Index. Would prefer to see it closer to the 50 day moving average of around $21.50. Great earnings momentum, good current year growth and very strong next year's growth.

BUY

(Market Call Minute.) Good quality name with good torque to the upside.

BUY

Drilling for oil in Colombia. Have grown their production and have a good working relationship with Eco Petro (?). Likes this for the leverage to oil prices. Colombia is a good jurisdiction to do business in. Concerned that the current production contract ends in 2016 so the challenge now is to replace that production through developing other projects.

DON'T BUY

Based in Colombia, which he considers politically unstable. Fair market value as he measures it is quite high but you are paying for it as the stock is at 4X BV, which is about twice what the oil Index is selling at.

BUY

Has had a great run but expects it to go higher. Production is ramping up. World-class field in Colombia.

BUY

Likes the Colombian plays. Has this one as an Outperform. Well managed and well financed. Requires patience.

DON'T BUY

Columbia has been a hot spot for investments. Because the herd has gone there, the multiples you have to pay are very high. Tremendous oil assets but overvalued stock. (He has a very small Short position.)

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Pacific Exploration & Production. (PRE.TO)