TSE:TAO

0.13
0.01 (4.00%) 1d
0

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PAST TOP PICK
Tag Oil Ltd.

(A Top Pick April 23/13. Long Tag Oil (TAO-T) and Short Imperial Oil (IMO-T). Down 42.51%.) Did an equity issue last fall at about $4.40, which the Street didn’t like. This is a New Zealand oil/gas play and they have about 5 or 6 catalysts coming up in terms of major wells.

oil / gas
COMMENT
Tag Oil Ltd.

Really looking for elephant country in terms of targets they have been going for. The size of the prize is quite large and they are doing some development as well. Feels that management has learned some things from the past as they were probably overpromising and under delivered. Not a bad story, but not one that he is looking for on a risk/reward basis.

oil / gas
HOLD
Tag Oil Ltd.

He stuck with it. He thinks there is potential in New Zealand. There is a lot of drilling this year and hopefully less glitches.

oil / gas
PAST TOP PICK
Tag Oil Ltd.

(A Top Pick April 23/13. Down 36.52%.) Had 4 wells that were behind the pipe (drilled, connected and just waiting for the processing facility to be built). When the facility was built and they brought them online, they were surprised at the decline rates.

oil / gas
COMMENT
Tag Oil Ltd.

Have a very significant oil property in onshore New Zealand. Spent the last year building infrastructure to tie all the production in and now that is happening. A negative that surfaced this past year is the loss of Apache, a joint venture partner, off the East Coast of New Zealand, but they did stick around and pay the bills for the 1st phase of that project. Expect they will be getting a new partner. Thinks this company has lots of upside based on the onshore activity they are doing.

oil / gas
SHORT
Tag Oil Ltd.

Small short position. Would look attractive to go long at $3 but that is not how he invests. The trend is down so he is short.

oil / gas
HOLD
Tag Oil Ltd.

Looks like it broke the downtrend. Around $4.50, he would take some off the table.

oil / gas
COMMENT
Tag Oil Ltd.

Very much a play on oil but New Zealand government is very supportive of increasing oil exploration. Have a number of different good properties that it is currently drilling. Early indications are quite good.

oil / gas
TOP PICK
Tag Oil Ltd.

Long Tag Oil (TAO-T) and Short Imperial Oil (IMO-T). A Pairs trade. Very positive on this name which is 100% exposed to New Zealand which has a very favourable royalty regime and very favourable pricing. Last quarter they earned $109 per barrel versus Western Canada where they will be lucky to get $65. Also, earns high premiums for natural gas. Ended the fiscal year with 1500 barrels but they had a lot “behind the barrel”. With their high paraffin content in their oil, they have to treat it and process it before they can send it onto the market. Very cheap at less than 3X price to cash flow.

oil / gas
WATCH
Tag Oil Ltd.

Ranks very well in his models. Stock has pulled back as people are waiting for insight into discovery, particularly the joint venture they have with Apache (APA-N). That program has been pushed out a little but is still expected to go ahead. If they are successful, it should be quite interesting for them. Also, you should be watching the vague comparable company, New Zealand Energy (NZ-X) which is in the same area. Expected to earn $0.43 in 2013 versus $0.36.

oil / gas
TOP PICK
Tag Oil Ltd.
Venezuelan (Actually New Zealand)oil/gas producer. Trades at a 5X PE multiple on their March/13 year end. Produces 5800 barrels of oil a day, which is expected to grow by about 30% between now and March/13 fiscal year end. Making over $100 a barrel on extremely light oil. By the end of the year, they are adding a facility to strip out the natural gas liquids which will add about another 10% to their net backs. Extremely profitable company. In June, one of the 1st of 4 wells is being drilled on the East Coast in a joint venture with Apache (APA-N) which is paying the price.
oil / gas
HOLD
Tag Oil Ltd.
Has been a big win if you've held it since 2008. Have made a couple of discoveries. Has not been following this one closely.
oil / gas
DON'T BUY
Tag Oil Ltd.
Just did a $65 million financing and the core NAV is about $1-$1.50, so there is a huge amount of froth built on oil shale potential they are promoting. A lot of downside risk and a low probability of success.
oil / gas
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Tag Oil Ltd.(TAO-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 Tag Oil 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.

Tag Oil Ltd.(TAO-T) Frequently Asked Questions

What is Tag Oil Ltd. stock symbol?

Tag Oil Ltd. is a Canadian stock, trading under the symbol TAO-T on the Toronto Stock Exchange (TAO-CT). It is usually referred to as TSX:TAO or TAO-T

Is Tag Oil Ltd. a buy or a sell?

In the last year, there was no coverage of Tag Oil Ltd. published on Stockchase.

Is Tag Oil Ltd. a good investment or a top pick?

Tag Oil Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Tag Oil Ltd..

Why is Tag Oil Ltd. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Tag Oil Ltd. worth watching?

0 stock analysts on Stockchase covered Tag Oil Ltd. In the last year. It is a trending stock that is worth watching.

What is Tag Oil Ltd. stock price?

On 2020-06-26, Tag Oil Ltd. (TAO-T) stock closed at a price of $0.13.