Opinions
Bill Bonner
Storm Resources Ltd.
SRX-T
TOP PICK
Oct 03, 2014
Stock price when the opinion was issued
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Still very early stage. A long lead cycle. They are trying to get over the hump. They are de-risking assets. They are trying to maintain a nice clean balance sheet. They have easy access to capital so the market is willing to finance the project. There are companies further along the process, though.
Has a lot of respect for the management team. A little bit higher risk given the plays that it has in north-eastern British Columbia and north-western Alberta. Holds this as more of an exploration play. If you are willing to take a bit higher risk, this is one that he could see a $7-$8 price target in 2 years. Not for a low risk investor.
She likes it. They are exposed on natural gas and station two prices which are a bit weak for another quarter or so. But other than that, if you are looking for long term growth in natural gas this company does provide that. A great quality company, but in this environment you have to be cautious.
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.