Josef SchachterReal ResourcesRER.TOTOP PICKJan 11, 2005
Very low risk with very good upside. Well established and very well managed. In 2004 averaged 7,400 BOE's a day, up from about 5,491 in 2003. Had expected them to exit 2004 at 8,500 which turned out to be 8,800. Expects 2005 to be averaging 9,500 BOE's a day and exiting north of 10,000.
(A Top Pick June 20/06. Down 51%.) Missed its numbers. Being merged with TriStar (TOG-T). Likes their asset base. If you own, roll it into TriStar and see if management can make things happen.
(A Top Pick June 20/06. Down 54%.) Changed reserve engineers. This shouldn't be done during changing commodity price environments. Company is now up for sale. If you own the stock, stay with it.
Have missed production and costs were higher than expected. Not too much positive news from their quarter. If you own, consider cutting your losses and moving on.
A great mid-tier oil/gas company. Mid-tiers are going to become very important in Canada. Well managed and great assets. There might be a soft season as they have to chew through all the excess inventory.