Opinions
Glenn MacNeill, P.Eng.
Storm Exploration Inc.
SEO-T
TOP PICK
Aug 23, 2006
2nd quarter results were above expectations. About 83% natural gas, so buy on gas weakness. They owned 16.4% of Storm Ventures International which they will eventually dividend out to shareholders. Relatively cheap valuation.
$6.300
Stock price when the opinion was issued
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gas
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COMMENT
Very well run company. Seasoned management team. In the Montney play in B.C. Has always been and will be an expensive stock from a multiple perspective, which you have to accept. Will be doing a plant expansion and will come online in November. Have at least another year of great growth before having to look at more infrastructure build out.
oil
gas
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