Coastal Energy | StockChase
22
Coastal Energy (CEN-T (Dead2))

Last Price Recorded: $18.9800 on 2014-01-23

ON STOCKCHASE SINCE Jan 2008

Acquired by Condor Acquistions (Jan 2013)

oil/gas
22
Coastal Energy (CEN-T (Dead2))

Last Price Recorded: $18.9800 on 2014-01-23

ON STOCKCHASE SINCE Jan 2008

Acquired by Condor Acquistions (Jan 2013)

oil/gas

Coastal Energy


Signal Opinion Expert
COMMENT

Has been going through 2 bizarre attempted takeovers and is rejecting them. Have very important rich offshore assets in the area of Thailand.

oil/gas

Has been going through 2 bizarre attempted takeovers and is rejecting them. Have very important rich offshore assets in the area of Thailand.

oil/gas
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$18.540
Owned Owned
Yes

HOLD

Thailand-based producer of onshore and offshore oil. Producing about 20,000-25,000 barrels a day so are generating excellent cash flows because they get Brent pricing. About a year ago, a Thailand-based company was interested in them and recently there are rumours that a Hong Kong-based company is also interested. They are looking at a price of around $21 but he thinks the assets are worth $21-$25.

oil/gas

Thailand-based producer of onshore and offshore oil. Producing about 20,000-25,000 barrels a day so are generating excellent cash flows because they get Brent pricing. About a year ago, a Thailand-based company was interested in them and recently there are rumours that a Hong Kong-based company is also interested. They are looking at a price of around $21 but he thinks the assets are worth $21-$25.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, ...

PricePrice
$18.210
Owned Owned
Unknown

DON'T BUY

Something about the chart bothers him. It shows an advance from early 2010 until early this year. This was followed by a lower high. He likes to see higher lows and because he doesn’t see any, this tells him that somebody is worried about something. This has to climb back above its trend line.

oil/gas

Something about the chart bothers him. It shows an advance from early 2010 until early this year. This was followed by a lower high. He likes to see higher lows and because he doesn’t see any, this tells him that somebody is worried about something. This has to climb back above its trend line.

oil/gas
Bill Carrigan

Technical Analyst, Getting Technical In...

PricePrice
$18.500
Owned Owned
Unknown

TOP PICK
Coastal Energy(CEN-T (Dead2)) 

November 23, 2012

In this environment, stocks that don’t have growth will probably be range bound. She tends to favour stocks that can show a good growth profile and this is one. Located in Thailand. Most production comes from off shore. Doubled their production from last year and are able to generate another 30%-40% of organic growth next year. Very clean balance sheet. Lots of cash and are able to generate about 10% of free cash flow. Own huge land acreage offshore Thailand. She can see a $30 handle presuming they can continue to execute.

oil/gas

In this environment, stocks that don’t have growth will probably be range bound. She tends to favour stocks that can show a good growth profile and this is one. Located in Thailand. Most production comes from off shore. Doubled their production from last year and are able to generate another 30%-40% of organic growth next year. Very clean balance sheet. Lots of cash and are able to generate about 10% of free cash flow. Own huge land acreage offshore Thailand. She can see a $30 handle presuming they can continue to execute.

oil/gas
Alice Tsang

Portfolio Manager, Marquest Asset Manag...

PricePrice
$20.490
Owned Owned
Yes

TOP PICK
Coastal Energy(CEN-T (Dead2)) 

September 18, 2012

This is one of his top international ideas. Generates significant free cash flow. Producing about 25,000 barrels a day from onshore and offshore assets in Thailand. It is really the offshore development that has driven the tremendous amount of growth. Considerable exploration upside from here.

oil/gas

This is one of his top international ideas. Generates significant free cash flow. Producing about 25,000 barrels a day from onshore and offshore assets in Thailand. It is really the offshore development that has driven the tremendous amount of growth. Considerable exploration upside from here.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments...

PricePrice
$18.470
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Sept 29/11. Up 52.81%.) This is an offshore Thailand play. Pretty much light oil. Growth has been astounding. Have a very large land base. There is still a lot of room for development as well as exploration. Expects about 50% volume growth next year. Company has a lot of cash. Still a Buy.

oil/gas

(A Top Pick Sept 29/11. Up 52.81%.) This is an offshore Thailand play. Pretty much light oil. Growth has been astounding. Have a very large land base. There is still a lot of room for development as well as exploration. Expects about 50% volume growth next year. Company has a lot of cash. Still a Buy.

oil/gas
Alice Tsang

Portfolio Manager, Marquest Asset Manag...

PricePrice
$15.170
Owned Owned
Yes

BUY
Just announced that the Bua Ban project was a disappointment. At these levels, you still get a great cash flow generating machine. He estimates a cash yield of about 23% in 2012.
oil/gas
Just announced that the Bua Ban project was a disappointment. At these levels, you still get a great cash flow generating machine. He estimates a cash yield of about 23% in 2012.
oil/gas
Mason Granger

Portfolio Manager, Sentry Investments...

PricePrice
$15.160
Owned Owned
Yes

TOP PICK
Oil/gas producer in Thailand. The real story is their offshore Thailand oil production. Have had some significant success, which is continuing. Have the ability to double their production over the next year or so. Reasonable valuation at about 3X 2012 cash flows.
oil/gas
Oil/gas producer in Thailand. The real story is their offshore Thailand oil production. Have had some significant success, which is continuing. Have the ability to double their production over the next year or so. Reasonable valuation at about 3X 2012 cash flows.
oil/gas
Andrew Cook

, Andrew Cook and Asso...

PricePrice
$13.970
Owned Owned
Yes

COMMENT
Having a good turnaround where they are finding reserves and growing reserves. Have turned down takeover offers.
oil/gas
Having a good turnaround where they are finding reserves and growing reserves. Have turned down takeover offers.
oil/gas
Laura Lau

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$13.800
Owned Owned
Unknown

TOP PICK
Coastal Energy(CEN-T (Dead2)) 

September 29, 2011

Oil/gas. Their project is in Thailand with 3 offshore land leases as well as onshore. Did a discovery well in the spring with a lot of success in containing and delineating the resources. Could see them doubling their reserves as well as increasing production significantly over the next 12 months. Trades at about 3X next year's cash flow
oil/gas
Oil/gas. Their project is in Thailand with 3 offshore land leases as well as onshore. Did a discovery well in the spring with a lot of success in containing and delineating the resources. Could see them doubling their reserves as well as increasing production significantly over the next 12 months. Trades at about 3X next year's cash flow
oil/gas
Alice Tsang

Portfolio Manager, Marquest Asset Manag...

PricePrice
$9.910
Owned Owned
Yes

COMMENT
Exploration track record hasn’t been very good but has been improving lately. Have vast acreage and not a lot of wells have been drilled. Their biggest shareholder just sold a big block. Very cheap on a cash flow basis.
oil/gas
Exploration track record hasn’t been very good but has been improving lately. Have vast acreage and not a lot of wells have been drilled. Their biggest shareholder just sold a big block. Very cheap on a cash flow basis.
oil/gas
Laura Lau

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$7.280
Owned Owned
No

HOLD
Coastal Energy(CEN-T (Dead2)) 

November 24, 2009

Producing about 10,000 barrels a day. Located offshore Thailand. Have an exploration target their drilling that could be very prospective. Trading at about 3X CASH flow.
oil/gas
Producing about 10,000 barrels a day. Located offshore Thailand. Have an exploration target their drilling that could be very prospective. Trading at about 3X CASH flow.
oil/gas
Allan Jacobs

Director of Small-Cap Investments, Sprott Asset Managem...

PricePrice
$5.150
Owned Owned
No

PAST TOP PICK
(A Top Pick May 27/08. Down 40.72%.) Thailand oil production. Producing 7500 barrels a day with more water than expected, down from 10,000. Very cheap. Still likes it.
oil/gas
(A Top Pick May 27/08. Down 40.72%.) Thailand oil production. Producing 7500 barrels a day with more water than expected, down from 10,000. Very cheap. Still likes it.
oil/gas
Jean-Francois Tardif

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$2.890
Owned Owned
Yes

PAST TOP PICK
(A Top Pick April 29/08. Down 30%.) Has done relatively well compared to other small-cap resource stocks. Now producing about 10,000 BOE's a day. There are more projects to come and he is looking for 20,000 BOE’s a day by 2010. Extremely cheap at 5X earnings and 2.6X cash flow. He is still buying.
oil/gas
(A Top Pick April 29/08. Down 30%.) Has done relatively well compared to other small-cap resource stocks. Now producing about 10,000 BOE's a day. There are more projects to come and he is looking for 20,000 BOE’s a day by 2010. Extremely cheap at 5X earnings and 2.6X cash flow. He is still buying.
oil/gas
Jean-Francois Tardif

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$2.950
Owned Owned
Yes

PAST TOP PICK
Coastal Energy(CEN-T (Dead2)) 

February 12, 2009

(A Top Pick Jan 31/08. Down 67.3%.) Sold this one a long time ago. Small cap energy company that needed money and once the street gets a whiff of any financial concerns they leave. Will be a good company in the future and no longer have any financial issues.
oil/gas
(A Top Pick Jan 31/08. Down 67.3%.) Sold this one a long time ago. Small cap energy company that needed money and once the street gets a whiff of any financial concerns they leave. Will be a good company in the future and no longer have any financial issues.
oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$1.460
Owned Owned
Yes

COMMENT
Assuming that oil doesn't go up, the valuation is not as cheap as it used to be. Investors are staying away from small caps. Company doesn't need capital, which is a big issue with some smaller companies. Very good assets. Good drilling results recently.
oil/gas
Assuming that oil doesn't go up, the valuation is not as cheap as it used to be. Investors are staying away from small caps. Company doesn't need capital, which is a big issue with some smaller companies. Very good assets. Good drilling results recently.
oil/gas
Jean-Francois Tardif

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$1.290
Owned Owned
Yes

HOLD
Just came out with a fabulous well. It came on so fast that it may solve their short term financing situation.
oil/gas
Just came out with a fabulous well. It came on so fast that it may solve their short term financing situation.
oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$1.800
Owned Owned
Yes

TOP PICK
Focused on Thailand. Have onshore natural gas and offshore oil. About to get underway on their drilling program offshore Thailand for their oilfield development. Will be bringing on the Songkhla field, which should come on stream before the end of the year.
oil/gas
Focused on Thailand. Have onshore natural gas and offshore oil. About to get underway on their drilling program offshore Thailand for their oilfield development. Will be bringing on the Songkhla field, which should come on stream before the end of the year.
oil/gas
Frederick Kozak

VP & Sr Research Analyst, Canaccord Adams...

PricePrice
$3.410
Owned Owned
Yes

HOLD
Oil. Nice management team with a nice exploration potential in Thailand. Asset price is ahead of their cash flow, so you have to wait for the cash flow to catch up. May need financing to fully complete their program. May start chipping away at this again, but not quite yet.
oil/gas
Oil. Nice management team with a nice exploration potential in Thailand. Asset price is ahead of their cash flow, so you have to wait for the cash flow to catch up. May need financing to fully complete their program. May start chipping away at this again, but not quite yet.
oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$3.650
Owned Owned
No

TOP PICK
Oil/gas in Thailand. Have many projects to work on. Production will be rising over the next 2 years and ultimately expect to go to 23,000 barrels a day.
oil/gas
Oil/gas in Thailand. Have many projects to work on. Production will be rising over the next 2 years and ultimately expect to go to 23,000 barrels a day.
oil/gas
Jean-Francois Tardif

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$4.200
Owned Owned
Yes

TOP PICK
Oil/gas producer in Thailand. Starting production in one of their fields wrapping up to 5000 followed by 8000 next year. Expect them to make about $1.70 cash flow next year. Have 5 projects and the upside is significant.
oil/gas
Oil/gas producer in Thailand. Starting production in one of their fields wrapping up to 5000 followed by 8000 next year. Expect them to make about $1.70 cash flow next year. Have 5 projects and the upside is significant.
oil/gas
Jean-Francois Tardif

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$4.400
Owned Owned
Yes

TOP PICK
Have onshore and offshore exploration in Thailand. Production is going from about 3600 barrels up to 13,000 next year. Great upside from their exploration offshore blocks and cash flow could be $2.24 over the next 12 months. Very cheap. Very thinly traded.
oil/gas
Have onshore and offshore exploration in Thailand. Production is going from about 3600 barrels up to 13,000 next year. Great upside from their exploration offshore blocks and cash flow could be $2.24 over the next 12 months. Very cheap. Very thinly traded.
oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$4.590
Owned Owned
Yes

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