Pinecrest Energy

PRY-X

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Analysis and Opinions about PRY-X

Signal
Opinion
Expert
BUY
BUY
Pinecrest Energy (PRY-X)
December 10, 2012

(Market Call Minute)

DON'T BUY
DON'T BUY
November 12, 2012

(Market Call Minute) Wait for quarter to come out. Expects it to be pretty bad. Invest in other names.

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Pinecrest Energy (PRY-X)
November 12, 2012

(Market Call Minute) Wait for quarter to come out. Expects it to be pretty bad. Invest in other names.

PAST TOP PICK
PAST TOP PICK
September 19, 2012

(A Top Pick Oct 13/11. Down 5.2%.) Had weak results earlier this year but still have a concentrated play in one of the most highly economic oil plays in Canada. Looking for 40% production growth next year. Trading at it discount multiple because of the small cap stock at about 4.2 times.

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Pinecrest Energy (PRY-X)
September 19, 2012

(A Top Pick Oct 13/11. Down 5.2%.) Had weak results earlier this year but still have a concentrated play in one of the most highly economic oil plays in Canada. Looking for 40% production growth next year. Trading at it discount multiple because of the small cap stock at about 4.2 times.

BUY
BUY
August 3, 2012

Likes it. Most prolific wells in western Canada. 1500 barrels per day light oil. Buy half now and half later.

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Likes it. Most prolific wells in western Canada. 1500 barrels per day light oil. Buy half now and half later.

COMMENT
COMMENT
July 16, 2012
This one has been absolutely hammered. There is a perceived view that small caps are riskier. In the case of this company, they have the highest net backs (highest margins) of any Canadian oil company. Extraordinarily clean balance sheet. Can survive any low oil prices and will do well when oil improves. When they report, it probably won't be the greatest quarter but after that he would consider buying.
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This one has been absolutely hammered. There is a perceived view that small caps are riskier. In the case of this company, they have the highest net backs (highest margins) of any Canadian oil company. Extraordinarily clean balance sheet. Can survive any low oil prices and will do well when oil improves. When they report, it probably won't be the greatest quarter but after that he would consider buying.
BUY WEAKNESS
BUY WEAKNESS
May 16, 2012
Likes the Slave Point play, which is one of the most economic oil plays in Canada. This company has been doing a very good job of delineating the asset. Has and will be demonstrating that water flooding is very appropriate. Yesterday's quarter was mildly disappointing in that they spent a lot of money but showed flat production. Would pick away at this below $2.
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Likes the Slave Point play, which is one of the most economic oil plays in Canada. This company has been doing a very good job of delineating the asset. Has and will be demonstrating that water flooding is very appropriate. Yesterday's quarter was mildly disappointing in that they spent a lot of money but showed flat production. Would pick away at this below $2.
BUY
BUY
March 19, 2012
(Market Call Minute) Reporting Wednesday. He is looking for huge growth in reserves.
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(Market Call Minute) Reporting Wednesday. He is looking for huge growth in reserves.
TOP PICK
TOP PICK
October 13, 2011
Did a $40 million financing at $2.40 in August. A pure play on the Slave Point in Alberta, which is hugely economic. Will be applying water flood to the play which could add a lot more value. Good balance sheet.
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Pinecrest Energy (PRY-X)
October 13, 2011
Did a $40 million financing at $2.40 in August. A pure play on the Slave Point in Alberta, which is hugely economic. Will be applying water flood to the play which could add a lot more value. Good balance sheet.
DON'T BUY
DON'T BUY
September 12, 2011
He has some companies in the same group. One is his top pick. Some interesting prospects in the red earth area. He is looking at other names at present.
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Pinecrest Energy (PRY-X)
September 12, 2011
He has some companies in the same group. One is his top pick. Some interesting prospects in the red earth area. He is looking at other names at present.
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