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Opinions Jean-Francois Tardif
Western Oil Sands Inc.WTO.TOTOP PICKAug 08, 2006
Price dropped recently because of higher oil sands costs. Likes that they are already producing. Costs will affect future production, but not current production. At current oil prices, they should generate more than $2 per share next year. 10 X free cash flow, so very cheap.
Jean-Francois TardifOwned
$26.55
Stock price when the opinion was issued
oilgas
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TOP PICK
Being acquired by Marathon (MRO-N). He is buying it for the sum of the parts of the valuation. Basically what you are getting with the Marathon take out is cash and about 33% of stock. You also get a junior international exploreco, Western Zagros in Kurdistan, where there are significant light oil deposits. Market is not fully valuing this company.
Adam ThomasOwned
oilgas
BUY
Marathon Oil (MRO-N) has made an offer to acquire. Part of the deal was for them to spin off their Kurdistan assets. Stock has been trading at a premium to the offer that could mean the market thinks a higher bid is coming or if the market is ascribing more value to the Kurdistan asset than originally thought. He feels it is the latter. Be surprised to see a competing offer come in.
oilgas
HOLD
Marathon Oil (MRO-N) is looking to acquire this company. Not sure if there will be any further bids, but she is holding her stocks.
Veronika HirschOwned
oilgas
HOLD
