John Stephenson
ProEx Energy Ltd.
PXE-T
TOP PICK
Jun 30, 2005
In addition to the oil sands, portfolios should have some well chosen juniors and the focus on juniors should be on tight gas formations and the companies that exploit them. Experienced management team. Has increased production substantially every year. Clean balance sheet. Trades at a reasonably cheap multiple.
Very strong management team. Concentrated in northeast B.C. 90% gas focused. 1st-quarter was weak, but the stock has recovered. Strong company. Has some good upside in the current gas price environment.
It's a bear market in natural gas. High quality management team with low debt; low operating costs and one of the best acquirers in the industry. Growing organically, 25%-30% this year.
This is his one pure gas play. No debt. Low-cost producer. Growing organically. Still expecting 30% growth. If and when they gas price cleans itself up, perhaps another year or so, then he'll make lots of money.
Natural gas weighted and has always been a favourite. Delivers fantastic per share growth of production. 30% last year. Under leveraged balance sheet. Low operating and transportation costs. One of the early natural gas stocks that move up.