Stockchase Opinions

Joanne A. Hruska, CFA Redstar Oil & Gas Inc. RED-T PAST TOP PICK Sep 12, 2008

(A Top Pick Aug 24/07. Up 39 %.) Acquired by Great Plains Explorations (GPX-T).
$0.970

Stock price when the opinion was issued

oil gas
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TOP PICK
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.
PAST TOP PICK
(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.