Progress Energy Resources Corp

PRQ-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about PRQ-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 16, 2019
(A Top Pick Oct 09/18, Down 74%) It has a debt situation. He likes the company and the management. They have good assets. He would like to see the debt paid down more.
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(A Top Pick Oct 09/18, Down 74%) It has a debt situation. He likes the company and the management. They have good assets. He would like to see the debt paid down more.
COMMENT
COMMENT
March 28, 2019
They are involved in Western Alberta. They have 40% liquids and 60% Nat Gas. They can pull down their debt. It is a name too small for him to talk about. He likes their asset base as well as the management. He owns a small position but liquidity is a concern.
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They are involved in Western Alberta. They have 40% liquids and 60% Nat Gas. They can pull down their debt. It is a name too small for him to talk about. He likes their asset base as well as the management. He owns a small position but liquidity is a concern.
PAST TOP PICK
PAST TOP PICK

(Top Pick Apr 19/12, Up 129.61)

COMMENT
COMMENT
December 7, 2012

Petronas deal was approved by the government. Feels that for the net benefit of Canada, despite having become such a political issue, it was absolutely the right decision. Capital requirement for oil Sands, tight oil and feedstock for West Coast LNG is absolutely humongous so we need companies like this to come in. There are some concerns that we need to pay special attention to but it was absolutely great and proper decision for the oil patch.

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Petronas deal was approved by the government. Feels that for the net benefit of Canada, despite having become such a political issue, it was absolutely the right decision. Capital requirement for oil Sands, tight oil and feedstock for West Coast LNG is absolutely humongous so we need companies like this to come in. There are some concerns that we need to pay special attention to but it was absolutely great and proper decision for the oil patch.

HOLD
HOLD
November 14, 2012

(Market Call Minute) The deal probably goes through.

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(Market Call Minute) The deal probably goes through.

BUY
BUY
November 12, 2012

He thinks the take-over will go through. Canada must build LNG facilities and eventually those who have not taken advantage of being the first mover and if we miss out, then our Nat. gas will be land-locked. The buyer of PRQ has committed to spending billions of dollars. As a country we need this to go through. This is not that strategic of an asset. As a country we need it to go through.

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He thinks the take-over will go through. Canada must build LNG facilities and eventually those who have not taken advantage of being the first mover and if we miss out, then our Nat. gas will be land-locked. The buyer of PRQ has committed to spending billions of dollars. As a country we need this to go through. This is not that strategic of an asset. As a country we need it to go through.

PAST TOP PICK
PAST TOP PICK
October 26, 2012

If you are buying at this level, you are looking for the deal to go through and get your $22 and hoping to get it in the next 30-60 days. Nice short-term upside if the deal goes through. If the deal does not go through, he thinks this will trade in the $14-$15 range. There is potential that if this deal gets nixed a new buyer may emerge in the next 12 months. Very tough to speculate.

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If you are buying at this level, you are looking for the deal to go through and get your $22 and hoping to get it in the next 30-60 days. Nice short-term upside if the deal goes through. If the deal does not go through, he thinks this will trade in the $14-$15 range. There is potential that if this deal gets nixed a new buyer may emerge in the next 12 months. Very tough to speculate.

PAST TOP PICK
PAST TOP PICK
July 19, 2012
(A Top Pick April 19/12. Up 109.88%.) Being acquired by Petronas.
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(A Top Pick April 19/12. Up 109.88%.) Being acquired by Petronas.
DON'T BUY
DON'T BUY
June 25, 2012
Should never have been paying a dividend in the first place. A gas producer in a poor gas environment. A long-term hold. Could be worth a lot more in 5 years and he is not convinced the dividend is safe.
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Should never have been paying a dividend in the first place. A gas producer in a poor gas environment. A long-term hold. Could be worth a lot more in 5 years and he is not convinced the dividend is safe.
COMMENT
COMMENT
May 16, 2012
On a long-term, it is a great company. Have an incredible asset that will be highly strategic to west coast LNG. Shorter-term, it is trading at 13X enterprise value to cash flow. At current prices they cannot grow production at $3.50. It is already discounting a recovery in natural gas prices. You are probably a year out before a takeout is on the table.
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On a long-term, it is a great company. Have an incredible asset that will be highly strategic to west coast LNG. Shorter-term, it is trading at 13X enterprise value to cash flow. At current prices they cannot grow production at $3.50. It is already discounting a recovery in natural gas prices. You are probably a year out before a takeout is on the table.
TOP PICK
TOP PICK
April 19, 2012
Gas weighted producer, largest landholder there. Distribution is safe for at lest 6 months.
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Gas weighted producer, largest landholder there. Distribution is safe for at lest 6 months.
HOLD
HOLD
April 10, 2012
Of the group, it is probably a Buy, but not a strong Buy. A potential takeover target. Very weak ass prices are a negative for the stock but he would be inclined to hold. Dividend is safe.
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Of the group, it is probably a Buy, but not a strong Buy. A potential takeover target. Very weak ass prices are a negative for the stock but he would be inclined to hold. Dividend is safe.
WATCH
WATCH
March 22, 2012
He would tend to wait. Others are bouncing along the floor, but until you see the turns talked about this show, he would be include to wait. He would look at adding it when Nat Gas turns. The key think is the converting of Coal fired power plants to Nat Gas.
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He would tend to wait. Others are bouncing along the floor, but until you see the turns talked about this show, he would be include to wait. He would look at adding it when Nat Gas turns. The key think is the converting of Coal fired power plants to Nat Gas.
DON'T BUY
DON'T BUY
March 13, 2012
Probably not an acquisition target. Progress has responded by having to lower CAP X and cut production by 10%. Very low cost producer. Production is completely unhedged this year. Would prefer ARC.
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Probably not an acquisition target. Progress has responded by having to lower CAP X and cut production by 10%. Very low cost producer. Production is completely unhedged this year. Would prefer ARC.
TOP PICK
TOP PICK
January 24, 2012
He believes we are seeing a very firm bottom for nat. gas prices. This is a premier deep basin player. Has owned for a couple of decades. This is the top take-out candidate if someone wanted exposure to deep basin wells.
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He believes we are seeing a very firm bottom for nat. gas prices. This is a premier deep basin player. Has owned for a couple of decades. This is the top take-out candidate if someone wanted exposure to deep basin wells.
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