Joanne A. Hruska, CFA
Redstar Oil & Gas Inc.
RED-T
TOP PICK
Aug 24, 2007
An all gas company. Have a couple of locations in British Columbia and one in Saskatchewan. They use joint ventures letting a partner drill up their land, which reduces the amount of capital they have to spend. Almost no debt. Multiple is only 1.7.
(A Past Top Pick Aug 24/07. Down 20%.) Almost 100% gas weighted. Zero debt. Strong management team. Trimming back a bit on their natural gas drilling because of gas prices. Still likes.