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Stockchase Opinions

John ClarkeTiverton PetroleumsTIV.TOWEAK BUYOct 08, 2002

Not a lot of institutional interest. Production is growing. Will take a while. Reasonable.
$0.22

Stock price when the opinion was issued

oilgas
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COMMENT
Has been a disappointment in this bull market. Still has a $0.48 target on it. Has one big play, Gallahad, and if they can get their act together on it, it will be the upside for them. Need access to rigs for this play.
DON'T BUY
Seems like it's just stuck in the water. Hasn't grown and it should have.
BUY ON WEAKNESS
Have a very important play in an area called Gallahad and are waiting for better weather to drill. If they are successful, the stock could go to $2.50. Producing 800 barrels a a day which is below their 1st quarter number of 854. Could exit 2005 at 1500 BOE's a day if Gallahad is successful. If you are patient, believes this will work.
HOLD
Have a number of wells they are going to start drilling this month.
BUY
Had some problems bringing on a new area called Galahad. That play is now on. Will start drilling two more areas very soon which could double their production.
WEAK BUY
Has had some interesting discoveries. Seems to be growing. High risk/high reward.
TOP PICK
Expected to do a reverse split. Expect that next year it will average about 1500 BOE’s. A small emerging company that is having a lot of volume rose. Very cheap on a cash flow multiple.
WEAK BUY
High risk/high reward. Hasn’t done much until the last couple of months when it drilled some very interesting wells.
BUY
Is having good production growth.