Stockchase Opinions

Laura Lau Terra Energy Corp. TT-T DON'T BUY Nov 18, 2009

Has been around for years. Always had a great land base but always had trouble delivering so could be range bound for many years..
$1.380

Stock price when the opinion was issued

oil gas
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COMMENT
Just sold a large section of their Montney holdings for $67.5 million to Crew Energy (CR-T). This will get them out of their debt problems. This should move the stock up. If you are trading, buy before the winter and sell right after the winter. From an investment point of view, that stock price should move higher now.
COMMENT
There are some fabulous plays in the shale gas area. It will be the future of natural gas production going forward in North America.
TOP PICK
Un-followed and unknown gas story. Tremendous opportunity at current natural gas prices. Trading at a 2% discount to its proven net present value. Low operating costs. Have over 100 net sections in the Montney, 40 of which are deemed to be prospective.
PAST TOP PICK
(Top Pick Mar 24/10, Down 18%) 80-85% proved reserves. It was trading at 5% discount to these reserves, so he thought the downside was limited. Have potential to very meaningfully increase reserves.
PAST TOP PICK
(Top Pick Mar 24/10, Down 23%) At the time it was a cheap natural gas name and now it is a VERY cheap natural gas name. It was intended as long-term holding.
HOLD
Pure natural gas so if you are a believer in natural gas recovery and you own, Hold. Balance sheet is stretched.
DON'T BUY
A value trap. Lost confidence in management on a decision they made. At the top of their line in terms of financing. Dead money.