Bill Bonner
Storm Resources Ltd.
SRX-T
TOP PICK
Oct 03, 2014
BC, Fort St. John. LNG. One of the operators that has a very large land base. There are other bigger players in the area. There are 2-3 thousand drill locations on the property. Ultimately there could be a takeout potential. Management knows their way through this game.
Acquired Netro, which gave them $100 million in cash. The remote wireless telephone access space still has not recovered. Improved management. Treat as a trading stock.
Didn't have a great first quarter. Long-term, the fundamentals are good. They've been putting up new orders and the backlog is good. A year from now they should have a good amount of earnings. Have to refinance their debt which is due next April.
BC, Fort St. John. LNG. One of the operators that has a very large land base. There are other bigger players in the area. There are 2-3 thousand drill locations on the property. Ultimately there could be a takeout potential. Management knows their way through this game.