Leucrotta Exploration Inc. | StockChase
11
Leucrotta Exploration Inc. (LXE-X)

Last Price Recorded: $1.6700 on 2017-12-13

ON STOCKCHASE SINCE Aug 2014

oil/gas
11
Leucrotta Exploration Inc. (LXE-X)

Last Price Recorded: $1.6700 on 2017-12-13

ON STOCKCHASE SINCE Aug 2014

oil/gas

Leucrotta Exploration Inc.


Signal Opinion Expert
TOP PICK

He is quite bearish on the broader markets, but the sentiment in the energy sector in Canada has been so negative that he thinks it is undervalued. They have no debt and has 900 prime low-cost Montney drilling locations with significant infrastructure and only about 10% of it is dry gas. CEO owns about 30% of the stock. (Analysts’ price target is $3.25.)

oil/gas

He is quite bearish on the broader markets, but the sentiment in the energy sector in Canada has been so negative that he thinks it is undervalued. They have no debt and has 900 prime low-cost Montney drilling locations with significant infrastructure and only about 10% of it is dry gas. CEO owns about 30% of the stock. (Analysts’ price target is $3.25.)

oil/gas
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$1.850
Owned Owned
Yes

TOP PICK

Probably the next tier down in terms of a Montney player. Montney Northeast BC the main trend, you have Arc Resources (ARX-T) just to the south, Tourmaline (TOU-T) to the west. About a $300 million enterprise value. It has about 170 sections of land, and a big oil window, so there is a lot of latent value. Management has a history of monetizing assets, and own 16% of the company on a fully diluted basis. Key catalysts are to tie-in 4 wells in Q4-Q1 2017.

oil/gas

Probably the next tier down in terms of a Montney player. Montney Northeast BC the main trend, you have Arc Resources (ARX-T) just to the south, Tourmaline (TOU-T) to the west. About a $300 million enterprise value. It has about 170 sections of land, and a big oil window, so there is a lot of latent value. Management has a history of monetizing assets, and own 16% of the company on a fully diluted basis. Key catalysts are to tie-in 4 wells in Q4-Q1 2017.

oil/gas
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital ...

PricePrice
$2.250
Owned Owned
Yes

COMMENT

This is early stage, and he tends to focus on companies that generate a significant free cash flow. They have a great balance sheet and a great asset, and are now trying to prove things up and ultimately sell the company. Has a lot of confidence in the team behind them.

oil/gas

This is early stage, and he tends to focus on companies that generate a significant free cash flow. They have a great balance sheet and a great asset, and are now trying to prove things up and ultimately sell the company. Has a lot of confidence in the team behind them.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments...

PricePrice
$1.890
Owned Owned
No

DON'T BUY

Had problems with drilling a few years back. Prefers companies that have a lot of production growth, and thinks this is more of a play on the land mass. Doesn’t think this is the environment for buying this type of company.

oil/gas

Had problems with drilling a few years back. Prefers companies that have a lot of production growth, and thinks this is more of a play on the land mass. Doesn’t think this is the environment for buying this type of company.

oil/gas
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc...

PricePrice
$1.890
Owned Owned
No

PAST TOP PICK

(A Top Pick Dec 22/14. Down 41.09%.) Had thought this was oversold from tax loss selling and it had a pretty good run into January. Thinks it will have a good run through January again. Low cost kind of development, which he likes. He would buy this for a trade again.

oil/gas

(A Top Pick Dec 22/14. Down 41.09%.) Had thought this was oversold from tax loss selling and it had a pretty good run into January. Thinks it will have a good run through January again. Low cost kind of development, which he likes. He would buy this for a trade again.

oil/gas
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$0.800
Owned Owned
Yes

PAST TOP PICK

(Top Pick Oct 3/14, Down 50.46%) He was driven out of it by some external circumstances.  He thinks it will have a pretty good run-up as things improve.  It is probably a late cycle stock.

oil/gas

(Top Pick Oct 3/14, Down 50.46%) He was driven out of it by some external circumstances.  He thinks it will have a pretty good run-up as things improve.  It is probably a late cycle stock.

oil/gas
Bill Bonner

President & Portfolio Manager, Brickburn Asset Mana...

PricePrice
$1.070
Owned Owned
No

COMMENT

Pretty much a pure play as a natural gas producer in the liquids rich area of the Montney’s. This is more of a resource story than a cash flow story, given that they have locked up around 170 net sections in the Montney fairway, in an area where they have had very good success as has had Tourmaline (TOU-T), a couple of sections away. By his math, this company is going to have to come back to market in 2015 for funding. Sustainability, at today’s prices, might be slightly challenged.

oil/gas

Pretty much a pure play as a natural gas producer in the liquids rich area of the Montney’s. This is more of a resource story than a cash flow story, given that they have locked up around 170 net sections in the Montney fairway, in an area where they have had very good success as has had Tourmaline (TOU-T), a couple of sections away. By his math, this company is going to have to come back to market in 2015 for funding. Sustainability, at today’s prices, might be slightly challenged.

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$0.900
Owned Owned
Unknown

TOP PICK

Natural gas. Doesn’t think there is huge upside, but also doesn’t think there is much downside. Stock had a little selloff last week on a well that had a problem with some equipment. They were rushing to get that well done because they were making a land package acquisition in a competitive situation in the Montney. Arc Resources (ARX-T) is also bidding on land around this company, and he thinks that Arc could take this company out. Even at the current level of commodity prices, he thinks they are going to grow their NAV to $2 a share over this year. One of the very few companies that is fully funded at current levels of commodity prices. His one-year target is $2.

oil/gas

Natural gas. Doesn’t think there is huge upside, but also doesn’t think there is much downside. Stock had a little selloff last week on a well that had a problem with some equipment. They were rushing to get that well done because they were making a land package acquisition in a competitive situation in the Montney. Arc Resources (ARX-T) is also bidding on land around this company, and he thinks that Arc could take this company out. Even at the current level of commodity prices, he thinks they are going to grow their NAV to $2 a share over this year. One of the very few companies that is fully funded at current levels of commodity prices. His one-year target is $2.

oil/gas
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$1.290
Owned Owned
Yes

TOP PICK

180 sections in the Montney. The most economic play of any in Western Canada. Liquids rich Nat Gas. It is going to be a great performer this year.

oil/gas

180 sections in the Montney. The most economic play of any in Western Canada. Liquids rich Nat Gas. It is going to be a great performer this year.

oil/gas
Bill Bonner

President & Portfolio Manager, Brickburn Asset Mana...

PricePrice
$2.180
Owned Owned
Yes

TOP PICK

Markets are fixated on their location.  He feels this one is mispriced.

oil/gas

Markets are fixated on their location.  He feels this one is mispriced.

oil/gas
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$2.120
Owned Owned
Yes

WAIT

They have a very clean balance sheet so they are well funded through 2015.  He would pick away at it at $2. 

oil/gas

They have a very clean balance sheet so they are well funded through 2015.  He would pick away at it at $2. 

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$2.190
Owned Owned
Unknown

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