Glenn MacNeill, P.Eng.
ProEx Energy Ltd.
PXE-T
TOP PICK
Feb 16, 2007
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.
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.