Accrete Energy Inc.

GZ-T

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

Analysis and Opinions about GZ-T

Signal
Opinion
Expert
HOLD
HOLD
July 25, 2008
Just received an offer to be acquired by Pengrowth (PGF.UN-T). They get the Harmattan holdings and the remaining properties will be spun off into a new company, possibly called Argosy Resources. If you own, tender to the takeover. You should also take advantage of being able to buy the shares in the new company.
Just received an offer to be acquired by Pengrowth (PGF.UN-T). They get the Harmattan holdings and the remaining properties will be spun off into a new company, possibly called Argosy Resources. If you own, tender to the takeover. You should also take advantage of being able to buy the shares in the new company.
Josef Schachter
President, Schachter Asset Management
Price
$5.800
Owned
Yes
TOP PICK
TOP PICK
March 7, 2008
With natural gas prices recovering, he sees them trading at under 2.5X cash flow. NAV shows to be $7. At the current price, it is trading at a very significant discount. Production results should come out in the next week or two.
With natural gas prices recovering, he sees them trading at under 2.5X cash flow. NAV shows to be $7. At the current price, it is trading at a very significant discount. Production results should come out in the next week or two.
Josef Schachter
President, Schachter Asset Management
Price
$4.750
Owned
Yes
WEAK BUY
WEAK BUY
February 22, 2008
Gas weighted and debt level (2X debt to cash flow) is a little bit higher than average, so trades at a bit of a discount. Her comfort level is 2X or less debt to cash flow. Have a few thousand barrels a day so she is staying with it. Thinks the forecast for next year will be a higher stock price. You have to watch.
Accrete Energy Inc. (GZ-T)
February 22, 2008
Gas weighted and debt level (2X debt to cash flow) is a little bit higher than average, so trades at a bit of a discount. Her comfort level is 2X or less debt to cash flow. Have a few thousand barrels a day so she is staying with it. Thinks the forecast for next year will be a higher stock price. You have to watch.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$4.690
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 24, 2008
(A Past Top Pick Jan 23/07. Down 24%.) 71% natural gas. Doing about 3400 BOE’s a day and could go north of 4400. Thinks they will do over $2 in cash flow sold stock is trading at 2X cash flow. $56 million debt, about 2X cash flow, which is why it has not recovered as quickly as others. NAV in the 3rd quarter of 07 was over $8 a share. Hold.
Accrete Energy Inc. (GZ-T)
January 24, 2008
(A Past Top Pick Jan 23/07. Down 24%.) 71% natural gas. Doing about 3400 BOE’s a day and could go north of 4400. Thinks they will do over $2 in cash flow sold stock is trading at 2X cash flow. $56 million debt, about 2X cash flow, which is why it has not recovered as quickly as others. NAV in the 3rd quarter of 07 was over $8 a share. Hold.
Josef Schachter
President, Schachter Asset Management
Price
$4.090
Owned
Yes
TOP PICK
TOP PICK
December 19, 2007
(A Past Top Pick Jan 23/07. Down 21.9%.) Load up the truck. Started growing their volumes in Q3. Think they can grow their production by over 4400 by the end of 08. NAV of $8.52. Management has a 27% interest.
Accrete Energy Inc. (GZ-T)
December 19, 2007
(A Past Top Pick Jan 23/07. Down 21.9%.) Load up the truck. Started growing their volumes in Q3. Think they can grow their production by over 4400 by the end of 08. NAV of $8.52. Management has a 27% interest.
Josef Schachter
President, Schachter Asset Management
Price
$4.550
Owned
Yes
HOLD
HOLD
December 5, 2007
Gas focused. Had an amazing discovery of a pool in the stock did really well. Have been working towards another couple of core areas but hasn't had as much success. Doesn't think they can get into trouble. Management team is good.
Accrete Energy Inc. (GZ-T)
December 5, 2007
Gas focused. Had an amazing discovery of a pool in the stock did really well. Have been working towards another couple of core areas but hasn't had as much success. Doesn't think they can get into trouble. Management team is good.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$3.550
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 22, 2007
(Down 18% since Jan 2007)It is natural gas and that is the problem. Recommends staying with it. Management has done a good job.Believes there is 50% upside.
Accrete Energy Inc. (GZ-T)
October 22, 2007
(Down 18% since Jan 2007)It is natural gas and that is the problem. Recommends staying with it. Management has done a good job.Believes there is 50% upside.
Josef Schachter
President, Schachter Asset Management
Price
$4.380
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 11, 2007
(A Top Pick Sept 29/06. Down 41.6%.) Got hit because of natural gas prices. Adding production and will probably be 3700 BOE's a day by the end of Q3. Still likes.
Accrete Energy Inc. (GZ-T)
September 11, 2007
(A Top Pick Sept 29/06. Down 41.6%.) Got hit because of natural gas prices. Adding production and will probably be 3700 BOE's a day by the end of Q3. Still likes.
Josef Schachter
President, Schachter Asset Management
Price
$4.750
Owned
Yes
HOLD
HOLD
July 20, 2007
About 65% natural gas and the rest is oil and liquids. Doing about 3,300 BOEs a day and have about 1,200 BOEs behind pipe and 800 could come on over the next 2-3 months.
About 65% natural gas and the rest is oil and liquids. Doing about 3,300 BOEs a day and have about 1,200 BOEs behind pipe and 800 could come on over the next 2-3 months.
Josef Schachter
President, Schachter Asset Management
Price
$5.110
Owned
Yes
BUY
BUY
June 4, 2007
Exit strategy with trust is not over. Stock has gone down, because company didn't grow, through 2006, now is starting to grow. Likes it.
Exit strategy with trust is not over. Stock has gone down, because company didn't grow, through 2006, now is starting to grow. Likes it.
Josef Schachter
President, Schachter Asset Management
Price
$5.750
Owned
Unknown
DON'T BUY
DON'T BUY
May 9, 2007
He has avoided this one. Hasn't done any net asset value work or valuation to know a good entry point. Not a fan of management.
He has avoided this one. Hasn't done any net asset value work or valuation to know a good entry point. Not a fan of management.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$5.520
Owned
No
TOP PICK
TOP PICK
January 23, 2007
Thinks that 50,000 flowing BOE's a day is what the company is worth on a takeout basis.
Accrete Energy Inc. (GZ-T)
January 23, 2007
Thinks that 50,000 flowing BOE's a day is what the company is worth on a takeout basis.
Josef Schachter
President, Schachter Asset Management
Price
$5.250
Owned
Yes
TOP PICK
TOP PICK
November 15, 2006
Doing about 3200 BOE’s a day. Have 2 new core areas with good potential. Likes the growth profile.
Accrete Energy Inc. (GZ-T)
November 15, 2006
Doing about 3200 BOE’s a day. Have 2 new core areas with good potential. Likes the growth profile.
Josef Schachter
President, Schachter Asset Management
Price
$6.600
Owned
Yes
TOP PICK
TOP PICK
September 29, 2006
This is a natural gas story, so he wants to be involved in the recovery of natural gas. The company is well financed and the balance sheet is in good shape. Stock is cheap.
Accrete Energy Inc. (GZ-T)
September 29, 2006
This is a natural gas story, so he wants to be involved in the recovery of natural gas. The company is well financed and the balance sheet is in good shape. Stock is cheap.
Josef Schachter
President, Schachter Asset Management
Price
$7.220
Owned
Yes
TOP PICK
TOP PICK
April 12, 2006
Gassy weighted. Stock dropped with gas price. Have 2 core assets which are fabulous potentials for a trust. Could go that route when gas prices firm up this summer.
Gassy weighted. Stock dropped with gas price. Have 2 core assets which are fabulous potentials for a trust. Could go that route when gas prices firm up this summer.
Josef Schachter
President, Schachter Asset Management
Price
$8.450
Owned
Yes
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