Stockchase Opinions

Alexander Lane, B Comm, C Storm Exploration Inc. SEO-T PAST TOP PICK Sep 21, 2009

(A Top Pick June 29/09. Up 20.5%.) In the Montney region and one of the best shale gas plays in North America. Have Storm Ventures Int., which may go public and they have Horn River as well.
$14.150

Stock price when the opinion was issued

oil gas
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BUY ON WEAKNESS
Has moved up a lot in the last few months. Wonderfully well run. Have a wonderful land spread in the Montney region in northeast British Columbia. Excellent assets and good management. Trading at multiples quite a bit higher than their peers.
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.
BUY
With Duvernay Oil (DDV-T) being taken over by Shell, Crew Energy (CR-T), Galleon Energy (GO.A-T) or Storm Exploration (SEO-T) would be good replacements with acreage in the Montney region.
TOP PICK
Unconventional gas in northeast B.C. is the most exciting area, almost in North America. Probably the next take-out area. Great management team. Have a ton of acreage. 330 BCF on just 9 sections and they have 90. Massively undervalued.
TOP PICK
One of the leading natural gas stocks over the last 12 months. Located in Montney and Horn River B.C. Great management. Probably acquired within the next couple of years.
COMMENT
Natural gas stocks. Seems to be a favourite name on the street.
STRONG BUY
One of the better managed juniors. Very solid and he doesn't see it getting into financial distress. You could see a significant move up from here.
WAIT
Junior gas player. Excellent company. Well managed. Good exploration team. Have had some good discoveries and being able to grow their production. Think there will be opportunities so put it on your radar screen.
BUY
(Market Call Minute) Good management team. Good balance sheet and lots of growth.