TSE:PXX

BlackPearl Resources Inc (PXX.TO)

1.03
-0.04 (3.74%)
as of Dec 18, 2018, 9:08:39 am Market Open.
19 watching
0
PAST TOP PICK
(A Top Pick May 7/10. Up 172.7%.)
COMMENT
Heavy oil play. Good management team. Some feel they have a project that could be better than their previous one. Good experience a lot of growth, especially with strong oil prices. A little more expensive on a cash flow basis than its peer group. If you value it on a Net Asset basis, people expect they can really grow the assets.
PAST TOP PICK
(A Top Pick Nov 18/09. Up 160.55%.)
BUY ON WEAKNESS
A fan of the company but stock has gotten ahead of itself. Has been rallying on the anticipation of a resource report coming out. Wait for a pull back.
WAIT
Now is not a good entry point. Tomorrow it will be announced if it is to be included in one of the indices. People are buying in anticipation of this.
TOP PICK
Exposure to an enormous amount of oil in the oil sands. “Best in class” management team. 3 principal properties with about 6400 barrels a day of current production giving them current cash flow. $58 million in cash on the balance sheet. Their Blackrock properties have about 1 million barrels in place.
BUY
On his radar screen. Investors are starting to really look hard at the value from these companies in these plays. There is significant upside.
BUY ON WEAKNESS
Very good management team. Smart and well connected. Pretty good land position. Fully valued so wait for a pullback of 15%.
BUY
Had some change of management. Have a tremendous amount of technical expertise. Great story, great assets, you just have to be patient.
HOLD
Benchmark “junior” companies that he likes are Crew (CR-T), Celtic (CLT-T) and Storm (SEO-T). He would hold this with the caveat that it is a very small name.
TOP PICK
Has been re-capitalized with a new conservative management team and have the assets to bring them over 20,000-30,000 barrels a day. Not a cheap stock, but they don't have to do any acquisitions, just execute. Consider this a long-term hold.
HOLD
(Market Call Minute.) Good management and they know what they’re doing but no immediate catalyst.
COMMENT
Heavy oil in Alberta. This is an optionallity on oil sands there one day. If you believe that we are at the low on oil and it is going up tomorrow this is a rocket ship potential. But oil had better go up to $100.
HOLD
(Market Call Minute.) He is having another hard look at the stock but for the moment he is continuing to Hold.
BUY
Heavy oil. Speculative. With a 5-year view, these people tend to do smart things. A great way to look to the future for development over time.
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