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.
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.
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.
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.
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.
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.