BUY
It became a victim of the credit crunch. Had great catalysts recently, they’re announced they have regulatory permission to go into production offshore of California. Will be the turning point for the stock. Target of over $6.
oil / gas
BUY
Probably worth $9-$10 a share. Made a very big acquisition of Alaskan assets last spring, primarily debt financed. At the time oil was trading at about $65 a barrel but with the present price they could sell these assets for over $100 million more than they paid. Have a bridge coming due in 2009 but 1) have an extremely increasing cash flow 2) have assets they could sell off 3) and could have a debt refinancing once the market settles down again.
oil / gas
BUY
Have a big piece of property in conjunction with Royal Dutch Shell in Wyoming. Very exciting long-term. Opportunity to make this a big commercial gas play. Exploration play so will take 1 to 2 years for the Wyoming play. Value is being added to other parts of the company.
oil / gas
BUY
Still a favourite stock with his company. There was some frustration as they were unable to get a refinancing of some debt but is being financed by warrants from existing holders. The shut-in production should be coming on and will be at 30,000 barrels a day in 2 years. Assets in Alaska, California offshore and Rocky Mountain. At this point, all you are paying for are the California offshore assets.
oil / gas
TOP PICK
A relatively unknown oil producer doing 9000 barrel per day. Have 3 assets, Alaska, offshore California and deep gas in Wyoming. Any one of the 3 could be worth more than what the stock is trading at now.
oil / gas
STRONG BUY
Long-term case for this stock is really good. Three plays going on. 1) California/offshore California, 2) Wyoming deep gas and 3) Alaska. The California offshore alone is worth the entire company today. Wyoming is potentially worth a huge amount but a very risky exploration. Alaska, a neglected asset that has a lot of upside. Recent financing was done at $2.20 a share.
oil / gas
BUY
Have some interesting properties in the US. Impressive assets. The only small worry is the debt levels. If you believe oil is going to stay above $60, debt service is not an issue for them. Has stalled out because they are waiting for news that their financing is complete.
oil / gas
BUY
A kind of exciting company. Just doing a new issue. California is a very highly protected territory. They had access to some lands that belonged to Shell and doing some work offshore.
oil / gas
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Pacific Energy Resources Ltd.(PFE-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Pacific Energy Resources Ltd. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Pacific Energy Resources Ltd.(PFE-T) Frequently Asked Questions

What is Pacific Energy Resources Ltd. stock symbol?

Pacific Energy Resources Ltd. is a OTC stock, trading under the symbol PFE-T on the (). It is usually referred to as or PFE-T

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What is Pacific Energy Resources Ltd. stock price?

On , Pacific Energy Resources Ltd. (PFE-T) stock closed at a price of $.