Stockchase Opinions

Hugh McCauley Tusk Energy TSK-T BUY Dec 02, 2004

Split into an exploration and a trust. Likes the exploration which has great opportunities. The trust is really cheap with a high yield.
$3.080

Stock price when the opinion was issued

oil gas
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COMMENT
He is in the camp that believes natural gases will firm up by the 4th quarter of 09. Think they will exceed 5500 BOE's a day by the end of 08 and generating about $.70 in cash flow, so is trading about 2X cash flow. NAV is about $2.60. Balance sheet is in pretty good shape.
BUY
Natural gas. Longer-term chart shows the stock has lost a lot of value. Fundamentally, natural gas stocks are starting to find more positive earnings. Great buying opportunity right now.
TOP PICK
60% gas. Did a great asset swap to get operatorship again. Trading at less than 3X cash flow.
BUY
Has done very well over the last few months. Primarily gas. All activity is in Western Canada, so no geopolitical risk. Trades at a good discount to its NAV and only about 3X next year's cash flow.
BUY
4200 BOE is a day in Q1. Think this will go to 7000 by the end of 2008 and averaging 7500 in 2009. After spring break-up, they will move 3 rigs in. Think they'll drill 50 wells this year and 50 next.
BUY
Good potential to the upside, assuming gas prices stay where they are.
WATCH
Looking for some pretty dramatic production growth in the next 6 months. They are looking to add 50% to their production numbers. Buy when you see the stocks starting to level out in the next few weeks.
BUY
(Market Call Minute.) Good gas beta trade. Will do well when gas prices recover, probably this winter.
HOLD
Domestic Western Canadian producer of over 6000 BTUs a day. Extremely cheap at about 1.5X cash flow. Strong drilling results are coming in on the 4th quarter. Strong balance sheet.
HOLD
(Market Call Minute.) Just a little on the small side.