Stockchase Opinions

Bill Harris, CFAProEx Energy Ltd.PXE.TOTOP PICKNov 20, 2006

A natural gas play. At the bottom of the cycle, he wanted to buy the highest quality company he could. A real grower. Top management team. Clean balance sheet. Will do well on a 3-5 year basis.
$13.07

Stock price when the opinion was issued

oilgas
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PAST TOP PICK
(A Top Pick Aug7/07. Up 26%.) He sold All of it when it ran up to about $20.
BUY
Likes this gas play.
BUY ON WEAKNESS
Good management team. British Columbia driven so doesn’t have the Alberta tax problem as much.
COMMENT
Likes this as a natural gas stock. Be cautious about buying natural gas stocks in February as it is coming into the shoulder season.
BUY
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.
BUY
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.
TOP PICK
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.
TOP PICK
Natural gas prices look a little weaker shorter term. Quality company. Low-cost provider. Growing.
BUY
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.
PAST TOP PICK
(A Top Pick Nov 20/06. Up 21.2%.) This is the top stock in the natural gas sector in Canada. A long-term hold.
BUY
Very good management team. Operating in northwestern Alberta and Northeastern B.C. Hold for a good capital appreciation.
BUY
Sold his Encana (ECA-T) holdings and moved some of his money into this, which is a very solid company.
BUY
They have soldiered through a difficult period. Produce some good results with good development and acquisition costs.
TOP PICK
A spin off that came out of Cyries Energy (CYS-T) and ProEx Energy (PXE-T) merger. Have some of the cheapest finding and development costs in the industry. Well managed and growing very steadily.
BUY
Over the next 2-3 weeks, natural gas inventories are going to fall below last year's. Should be a good year for natural gas and would play this with unhedged companies such as Duvernay (DDV-T), Cyries Energy (CYS-T), ProEx Energy (PXE-T).