Highpine Oil & Gas

HPX-T

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Analysis and Opinions about HPX-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 7, 2008
(A Top Pick Apr 4/07. Down 14%.) Has a complexity of high-volume oil wells and the Alberta government changed the royalties by as much as 50%. Many of their locations became uncompetitive. Had some positive management changes. Treat as a Hold. It could get better. Wait for the government’s review.
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(A Top Pick Apr 4/07. Down 14%.) Has a complexity of high-volume oil wells and the Alberta government changed the royalties by as much as 50%. Many of their locations became uncompetitive. Had some positive management changes. Treat as a Hold. It could get better. Wait for the government’s review.
TOP PICK
TOP PICK
February 22, 2008
Some of the companies with deeper exploration targets were really hit with the Alberta Royalty Review. Rumours are that, after the Alberta election, there may be some closure on the unintended consequences. If so, companies like this may get a bit of a break. Trades at less than 3X price to cash flow and less than 1X debt to cash flow, which is cheap. Had some booming wells in 2006/2007. New management is well regarded.
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Highpine Oil & Gas (HPX-T)
February 22, 2008
Some of the companies with deeper exploration targets were really hit with the Alberta Royalty Review. Rumours are that, after the Alberta election, there may be some closure on the unintended consequences. If so, companies like this may get a bit of a break. Trades at less than 3X price to cash flow and less than 1X debt to cash flow, which is cheap. Had some booming wells in 2006/2007. New management is well regarded.
BUY
BUY
December 5, 2007
Was decimated because of the Alberta royalty review. The stock price more than reflects the amount they are going to be able to invest next year as the cash flow will not be as great. Because it has come off so much, she would buy at these levels.
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Highpine Oil & Gas (HPX-T)
December 5, 2007
Was decimated because of the Alberta royalty review. The stock price more than reflects the amount they are going to be able to invest next year as the cash flow will not be as great. Because it has come off so much, she would buy at these levels.
BUY WEAKNESS
BUY WEAKNESS
August 1, 2007
Currently does not have a CEO. Have a very good oil play in the Leduc.
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Currently does not have a CEO. Have a very good oil play in the Leduc.
WEAK BUY
WEAK BUY
June 6, 2007
Gas will outperform. But long term oil will be stronger. Would recommend ddv-t over this.
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Gas will outperform. But long term oil will be stronger. Would recommend ddv-t over this.
BUY
BUY
April 30, 2007
A good level to buy. Light oil focused.
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A good level to buy. Light oil focused.
TOP PICK
TOP PICK
April 4, 2007
Dominates West Pembina area. Very complicated reservoirs plus sour gas, which needs approvals from landholders. Good drilling prospects ahead of them. Expect production to go from under 12,000 barrels a day last year, to 21,000 this year and 26,500 next year. Undervalued.
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Dominates West Pembina area. Very complicated reservoirs plus sour gas, which needs approvals from landholders. Good drilling prospects ahead of them. Expect production to go from under 12,000 barrels a day last year, to 21,000 this year and 26,500 next year. Undervalued.
HOLD
HOLD
March 15, 2007
They are in the Nisku play that is very tricky. Scattered pockets of oil that the majors missed. Just had to shut in more production. A populated area, so if you leak sulfurous stuff, you're in deep trouble. Have the assets and some great drilling prospects.
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They are in the Nisku play that is very tricky. Scattered pockets of oil that the majors missed. Just had to shut in more production. A populated area, so if you leak sulfurous stuff, you're in deep trouble. Have the assets and some great drilling prospects.
BUY
BUY
February 16, 2007
Relatively undervalued. Drilling in the West Pembina area, which are very prolific wells which has pushed their production up dramatically. The wells are sour, so they have to be very careful. High-risk/high reward. Very good value.
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Highpine Oil & Gas (HPX-T)
February 16, 2007
Relatively undervalued. Drilling in the West Pembina area, which are very prolific wells which has pushed their production up dramatically. The wells are sour, so they have to be very careful. High-risk/high reward. Very good value.
BUY
BUY
January 15, 2007
One of the cheapest in the intermediate oil/gas space. Prefers Rider Resources (RRZ-T), which is cheaper on a price to cash flow basis.
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Highpine Oil & Gas (HPX-T)
January 15, 2007
One of the cheapest in the intermediate oil/gas space. Prefers Rider Resources (RRZ-T), which is cheaper on a price to cash flow basis.
HOLD
HOLD
December 7, 2006
Have continued to have problems. Gas has sulphur content in it. Missed their production objectives again. Drilling into complex structures. Light oil. Has the potential.
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Highpine Oil & Gas (HPX-T)
December 7, 2006
Have continued to have problems. Gas has sulphur content in it. Missed their production objectives again. Drilling into complex structures. Light oil. Has the potential.
PAST TOP PICK
PAST TOP PICK
November 10, 2006
(A Top Pick Oct 20/05. Down 21.2%.) Has been a disappointment, but still has high hopes for it, Has a great slate of drilling prospects. Recommended Buy.
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Highpine Oil & Gas (HPX-T)
November 10, 2006
(A Top Pick Oct 20/05. Down 21.2%.) Has been a disappointment, but still has high hopes for it, Has a great slate of drilling prospects. Recommended Buy.
BUY
BUY
October 5, 2006
Have some excellent prospects to drill. Has a lot of potential.
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Have some excellent prospects to drill. Has a lot of potential.
PAST TOP PICK
PAST TOP PICK
September 8, 2006
(A Top Pick Oct 20/05. Down 18.6%.) Have a great slate of prospects in front of them. Have had trouble getting drilling done on time because of safety concerns. Excellent wells that they are drilling.
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Highpine Oil & Gas (HPX-T)
September 8, 2006
(A Top Pick Oct 20/05. Down 18.6%.) Have a great slate of prospects in front of them. Have had trouble getting drilling done on time because of safety concerns. Excellent wells that they are drilling.
BUY
BUY
August 23, 2006
One of his favourites. Made a discovery of some deep reserves in the West Pemina area. They control a lot of the land in that area. Have a large number of drilling locations. The wells are producing big volumes. High growth potential. Expensive, but you have to pay for the growth.
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One of his favourites. Made a discovery of some deep reserves in the West Pemina area. They control a lot of the land in that area. Have a large number of drilling locations. The wells are producing big volumes. High growth potential. Expensive, but you have to pay for the growth.
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