Josef SchachterReal ResourcesRER.TOTOP PICKApr 12, 2006
Did about 7,300 BOE’s a day in 2004 moving up to 10,394 in ‘05 and expects 14,000. Have to build a pipeline this summer which will increase BOE’s by 4000. Very large land spread.
(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.