Niko Resources

NKO-T

TSE:NKO

0.02
0.00 (0.00%)
Niko Resources TSX: NKO is an India- and South East Asia-focused oil and gas exploration and production company that shares ownership of many exploration and development properties with Komodo Energy and Reliance Industries.
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Analysis and Opinions about NKO-T

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Opinion
Expert
DON'T BUY
DON'T BUY
April 25, 2016

It is quite a small company. It is hugely volatile. There a lot of problems over the years with the pricing of data coming from India regarding a 10% stake in another company. They have too much debt. The price of the gas they sell has been negotiated. A tough name to predict.

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Niko Resources (NKO-T)
April 25, 2016

It is quite a small company. It is hugely volatile. There a lot of problems over the years with the pricing of data coming from India regarding a 10% stake in another company. They have too much debt. The price of the gas they sell has been negotiated. A tough name to predict.

COMMENT
COMMENT
December 1, 2015

Has always been very skeptical about this one through the years. Right now they are in default and trying to do a deal with their creditors. Expects that shareholders will get next to nothing.

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Niko Resources (NKO-T)
December 1, 2015

Has always been very skeptical about this one through the years. Right now they are in default and trying to do a deal with their creditors. Expects that shareholders will get next to nothing.

COMMENT
COMMENT
February 24, 2015

This has been a pack of cards falling through. There is kind of an option value building into this company because of its whole macroeconomic play with its geographic location close to some of the basins in India. Fundamentally the balance sheet looks really stretched. They would need a lot of help on the capital markets side in terms of financing alternatives. Trades at a Price to Book of about 6 times.

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Niko Resources (NKO-T)
February 24, 2015

This has been a pack of cards falling through. There is kind of an option value building into this company because of its whole macroeconomic play with its geographic location close to some of the basins in India. Fundamentally the balance sheet looks really stretched. They would need a lot of help on the capital markets side in terms of financing alternatives. Trades at a Price to Book of about 6 times.

DON'T BUY
DON'T BUY
November 25, 2014

If you want to be on one side or the other, then you should Short it and hope to buy it back for less. Doesn’t see any catalyst for growth. This company has had a lot of problems.

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Niko Resources (NKO-T)
November 25, 2014

If you want to be on one side or the other, then you should Short it and hope to buy it back for less. Doesn’t see any catalyst for growth. This company has had a lot of problems.

SPECULATIVE BUY
SPECULATIVE BUY
November 17, 2014

Always thought the risk was way too great. Huge gamble that it won’t go under.

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Niko Resources (NKO-T)
November 17, 2014

Always thought the risk was way too great. Huge gamble that it won’t go under.

DON'T BUY
DON'T BUY
October 23, 2014

It looks like they are starting to play with pricing in India. He would stay clear from this kind of situation.

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Niko Resources (NKO-T)
October 23, 2014

It looks like they are starting to play with pricing in India. He would stay clear from this kind of situation.

COMMENT
COMMENT
October 3, 2014

They are getting further delays from the Indian government. It is pure speculation at this point.

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Niko Resources (NKO-T)
October 3, 2014

They are getting further delays from the Indian government. It is pure speculation at this point.

SELL
SELL
September 15, 2014

This has lower highs and lower lows. Not too much positive he can say about the stock. Stay away from this. The cyclical oriented stocks not do well specifically over the next 3 weeks.

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Niko Resources (NKO-T)
September 15, 2014

This has lower highs and lower lows. Not too much positive he can say about the stock. Stay away from this. The cyclical oriented stocks not do well specifically over the next 3 weeks.

DON'T BUY
DON'T BUY
July 31, 2014

Not that appealing. This company doesn’t tend to benefit from the 2nd period of seasonal strength for energy. Probably not something you want to pursue.

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Not that appealing. This company doesn’t tend to benefit from the 2nd period of seasonal strength for energy. Probably not something you want to pursue.

SELL
SELL
June 27, 2014

(Market Call Minute.) A darling at one time, but he would prefer other international plays.

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(Market Call Minute.) A darling at one time, but he would prefer other international plays.

COMMENT
COMMENT
June 13, 2014

If you are a trader, look at the 10 day low and if it violates that, say Goodbye. Chart shows a low last November of $1.24 and a continuing series of lows since.

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If you are a trader, look at the 10 day low and if it violates that, say Goodbye. Chart shows a low last November of $1.24 and a continuing series of lows since.

DON'T BUY
DON'T BUY
April 21, 2014

He would stay away from this. Highly speculative because there is so much debt. There is talk that after the election in India, there will be a price increase in the gas that this company and their partner get out of the D6 block. Not sure that will happen. If they don’t get that price increase, this equity will probably not be around in 2 years.

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Niko Resources (NKO-T)
April 21, 2014

He would stay away from this. Highly speculative because there is so much debt. There is talk that after the election in India, there will be a price increase in the gas that this company and their partner get out of the D6 block. Not sure that will happen. If they don’t get that price increase, this equity will probably not be around in 2 years.

PAST TOP PICK
PAST TOP PICK
April 14, 2014

(Top Pick May 21/13, Down 62%) The big problem is that they were supposed to get a price increase in India that would allow an increase in production. The problem was that there was an election going on so they removed the price increase for the election. They have started selling non-core assets. He thinks they will do other deals. Once they resolve balance sheet issues, the story will wake up. Wait for the politics to resolve and cash flow to go up.

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Niko Resources (NKO-T)
April 14, 2014

(Top Pick May 21/13, Down 62%) The big problem is that they were supposed to get a price increase in India that would allow an increase in production. The problem was that there was an election going on so they removed the price increase for the election. They have started selling non-core assets. He thinks they will do other deals. Once they resolve balance sheet issues, the story will wake up. Wait for the politics to resolve and cash flow to go up.

DON'T BUY
DON'T BUY
April 1, 2014

On his watch list. Would not jump in at this point. There are just too many risks. It could be a Nov/Dec Buy for him. Would like to see a longer base for the company.

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On his watch list. Would not jump in at this point. There are just too many risks. It could be a Nov/Dec Buy for him. Would like to see a longer base for the company.

SELL
SELL
Niko Resources (NKO-T)
March 24, 2014

(Market Call Minute.)

DON'T BUY
DON'T BUY
January 24, 2014

Hasn’t owned this for a long time. Has been looking at it a bit since it has come down. There are much better opportunities in others.

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Niko Resources (NKO-T)
January 24, 2014

Hasn’t owned this for a long time. Has been looking at it a bit since it has come down. There are much better opportunities in others.

DON'T BUY
DON'T BUY
January 8, 2014

On his Watch List. Too scary for him. You have to watch that it is not just a value trap.

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Niko Resources (NKO-T)
January 8, 2014

On his Watch List. Too scary for him. You have to watch that it is not just a value trap.

COMMENT
COMMENT
December 27, 2013

(Market Call Minute.) He is Long the convertible bond and Short the stock so he is neutral on this.

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Niko Resources (NKO-T)
December 27, 2013

(Market Call Minute.) He is Long the convertible bond and Short the stock so he is neutral on this.

DON'T BUY
DON'T BUY
December 9, 2013

(Market Call Minute) Lots of exploration disappointment and high debt, and may not be around.

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Niko Resources (NKO-T)
December 9, 2013

(Market Call Minute) Lots of exploration disappointment and high debt, and may not be around.

WAIT
WAIT
November 25, 2013

India was going to be the main long-term impetus. Demand for gas was huge. Got into all sorts of problems. Feels there is still too much risk associated with this. Maybe once a financing is complete and a new CEO is appointed.

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Niko Resources (NKO-T)
November 25, 2013

India was going to be the main long-term impetus. Demand for gas was huge. Got into all sorts of problems. Feels there is still too much risk associated with this. Maybe once a financing is complete and a new CEO is appointed.

PAST TOP PICK
PAST TOP PICK
November 15, 2013

(A Top Pick Dec 5/12. Down 85.38%.) Everybody knows the negatives and that they have to pay back the bank line, which is extended now into the end of November. This is a liquidity, financial balance sheet issue. If they can get the line of credit and get moving forward, they will be getting a change in price from $4.30 in MCF to $8.40 on April 1/14. They are doing remediation on the D6 play and volumes will potentially start rising in April 2014 and he thinks the company could be doing $2 a share in cash flow in 2015. A very speculative security. He thinks their success in India will happen again.

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Niko Resources (NKO-T)
November 15, 2013

(A Top Pick Dec 5/12. Down 85.38%.) Everybody knows the negatives and that they have to pay back the bank line, which is extended now into the end of November. This is a liquidity, financial balance sheet issue. If they can get the line of credit and get moving forward, they will be getting a change in price from $4.30 in MCF to $8.40 on April 1/14. They are doing remediation on the D6 play and volumes will potentially start rising in April 2014 and he thinks the company could be doing $2 a share in cash flow in 2015. A very speculative security. He thinks their success in India will happen again.

DON'T BUY
DON'T BUY
November 12, 2013

(Market Call Minute) Has regulatory and geo-political risk layered on.

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Niko Resources (NKO-T)
November 12, 2013

(Market Call Minute) Has regulatory and geo-political risk layered on.

HOLD
HOLD
November 7, 2013

(Market Call Minute.) Has struggled with production lately and is captive to the Indian governments gas prices and has fairly high debt.

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Niko Resources (NKO-T)
November 7, 2013

(Market Call Minute.) Has struggled with production lately and is captive to the Indian governments gas prices and has fairly high debt.

DON'T BUY
DON'T BUY
November 4, 2013

Such a binary stock. He cautions viewers to be very extremely careful. It could go up greatly or to zero. They are burning cash. He figures they have 5 months of cash. They have had very poor drilling results. They are in a spat with the Indian government. If they resolve this financing issue it could have quite a pop.

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Niko Resources (NKO-T)
November 4, 2013

Such a binary stock. He cautions viewers to be very extremely careful. It could go up greatly or to zero. They are burning cash. He figures they have 5 months of cash. They have had very poor drilling results. They are in a spat with the Indian government. If they resolve this financing issue it could have quite a pop.

DON'T BUY
DON'T BUY
October 25, 2013

Had a debt problem, tried to solve that and ended up with another debt problem. Now a situation where they have great assets but the company needs to exploit those assets and meet their commitments. Management owns a lot. They have done nothing for shareholders for 12 years. There is upside, but huge risks as well.

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Niko Resources (NKO-T)
October 25, 2013

Had a debt problem, tried to solve that and ended up with another debt problem. Now a situation where they have great assets but the company needs to exploit those assets and meet their commitments. Management owns a lot. They have done nothing for shareholders for 12 years. There is upside, but huge risks as well.

SPECULATIVE BUY
SPECULATIVE BUY
September 30, 2013

Long on convertible debentures and short the stock. It is very speculative at this point because of debt and the wells are deep water wells costing 80-100 million dollars per well.

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Niko Resources (NKO-T)
September 30, 2013

Long on convertible debentures and short the stock. It is very speculative at this point because of debt and the wells are deep water wells costing 80-100 million dollars per well.

DON'T BUY
DON'T BUY
September 25, 2013

You have to be really, really careful with this stock. This company is locked into long-term contracts on offshore drilling rigs. Because of their cash situation and lack of exploration success in Indonesia, he feels they have about 6 months of life support left. Thinks they have to come to market and do a massive equity financing to clear up the overhang. Burning cash on a daily basis.

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Niko Resources (NKO-T)
September 25, 2013

You have to be really, really careful with this stock. This company is locked into long-term contracts on offshore drilling rigs. Because of their cash situation and lack of exploration success in Indonesia, he feels they have about 6 months of life support left. Thinks they have to come to market and do a massive equity financing to clear up the overhang. Burning cash on a daily basis.

HOLD
HOLD
August 21, 2013

Really hasn’t had the breakthrough in drilling in Indonesia which has really bothered the market. Secondly waiting for a price increase out of India which has now been resolved. Have commitments on the drill side with the drill ship in Indonesia but doesn’t have the capital because the cash flows come down and this year may only do $60 million. April/14 they’ll probably do $100 million more. Problem is, everybody wonders how they get from where we are today to April 1 when that new revenue stream comes in and the commitment they’ve got for the drill ships and the issues of the asset sales they’ve been talking about. Currently drilling a well which will probably be the last well in Indonesia. If not a home run success, the rig is in demand so they could probably pass on the costs of running the rig to others. Have a very good oil discovery in India called MJ1 that needs development drilling. In April/14 they should start seeing volumes come back up from development activity. With $2 in cash flow and good long life reserves and bringing on new discoveries, there could be some significant recoveries. Would look at buying over the next few months during the window of correction and window of tax loss selling.

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Niko Resources (NKO-T)
August 21, 2013

Really hasn’t had the breakthrough in drilling in Indonesia which has really bothered the market. Secondly waiting for a price increase out of India which has now been resolved. Have commitments on the drill side with the drill ship in Indonesia but doesn’t have the capital because the cash flows come down and this year may only do $60 million. April/14 they’ll probably do $100 million more. Problem is, everybody wonders how they get from where we are today to April 1 when that new revenue stream comes in and the commitment they’ve got for the drill ships and the issues of the asset sales they’ve been talking about. Currently drilling a well which will probably be the last well in Indonesia. If not a home run success, the rig is in demand so they could probably pass on the costs of running the rig to others. Have a very good oil discovery in India called MJ1 that needs development drilling. In April/14 they should start seeing volumes come back up from development activity. With $2 in cash flow and good long life reserves and bringing on new discoveries, there could be some significant recoveries. Would look at buying over the next few months during the window of correction and window of tax loss selling.

DON'T BUY
DON'T BUY
August 14, 2013

This company has all kinds of problems. Earnings just came out and they were down $1. They have to start selling off a lot of assets.

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Niko Resources (NKO-T)
August 14, 2013

This company has all kinds of problems. Earnings just came out and they were down $1. They have to start selling off a lot of assets.

WATCH
WATCH
July 29, 2013

Volatility is so exceptionally high. The down trend has stopped however and it is a basing. If you broke the $6.50 level there would be a place to put a stop in at its recent low in June.

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Volatility is so exceptionally high. The down trend has stopped however and it is a basing. If you broke the $6.50 level there would be a place to put a stop in at its recent low in June.

HOLD
HOLD
July 25, 2013

He is long the convertible debenture and short the equity. It has been a tough ride. Had a nice discovery recently. Had some price relief from the Indian Government. It could be changing but it is a hold for now.

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He is long the convertible debenture and short the equity. It has been a tough ride. Had a nice discovery recently. Had some price relief from the Indian Government. It could be changing but it is a hold for now.

COMMENT
COMMENT
July 18, 2013

(Market Call Minute.) This is an absolute speculation on giant oil/gas in Indonesia. We should hear something about this in August so it is capable of making a very big move. But it is a gamble.

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(Market Call Minute.) This is an absolute speculation on giant oil/gas in Indonesia. We should hear something about this in August so it is capable of making a very big move. But it is a gamble.

DON'T BUY
DON'T BUY
May 31, 2013

Indian subcontinent oil/gas explorer. There has been a big discovery by its partner. There is also a question of ownership of one of its big finds. High risk/high reward play. If you are looking for oil/gas exploration, you might want to do it somewhere where the regulatory environment is more favourable to foreign investors.

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Indian subcontinent oil/gas explorer. There has been a big discovery by its partner. There is also a question of ownership of one of its big finds. High risk/high reward play. If you are looking for oil/gas exploration, you might want to do it somewhere where the regulatory environment is more favourable to foreign investors.

TOP PICK
TOP PICK
May 21, 2013

(Past Top Pick Sep 25/12) Had some balance sheet issues but they are gone now. Trading at a discount to NAV. The market is not giving any value for exploration. Thinks it has some very attractive value. Buy in the low $6 range.

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(Past Top Pick Sep 25/12) Had some balance sheet issues but they are gone now. Trading at a discount to NAV. The market is not giving any value for exploration. Thinks it has some very attractive value. Buy in the low $6 range.

HOLD
HOLD
April 17, 2013

Has been a really, really bad performer. Might be better to hold on for an uptick in the stock price and then sell. Have had a string of dry wells offshore Indonesia.

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Niko Resources (NKO-T)
April 17, 2013

Has been a really, really bad performer. Might be better to hold on for an uptick in the stock price and then sell. Have had a string of dry wells offshore Indonesia.

SELL
SELL
March 28, 2013

(Market Call Minute) Is a pure exploration play in his opinion and he doesn’t own them.

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Niko Resources (NKO-T)
March 28, 2013

(Market Call Minute) Is a pure exploration play in his opinion and he doesn’t own them.

DON'T BUY
DON'T BUY
February 20, 2013

On his Stock Watch list. At this time there are just too many problems with it that he can see. A risky play.

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Niko Resources (NKO-T)
February 20, 2013

On his Stock Watch list. At this time there are just too many problems with it that he can see. A risky play.

WEAK BUY
WEAK BUY
February 19, 2013

Great assets, best gas discovery in India in 13 years. Likes the management team. But they have not gotten any shareholder value in 13 years. Not his favourite name in terms of how much work he has to do on it.

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Niko Resources (NKO-T)
February 19, 2013

Great assets, best gas discovery in India in 13 years. Likes the management team. But they have not gotten any shareholder value in 13 years. Not his favourite name in terms of how much work he has to do on it.

SELL
SELL
February 15, 2013

Have a March year-end and he is expecting them to lose $2.50. Also looks like they are going to lose money in 2014.

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Niko Resources (NKO-T)
February 15, 2013

Have a March year-end and he is expecting them to lose $2.50. Also looks like they are going to lose money in 2014.

TOP PICK
TOP PICK
February 12, 2013

(A Top Pick April 5/12. Down 71.96%.) Had problems in India but it looks like the pricing should be resolved in the next couple of quarters. Once pricing moves from $4.20 to $8-$9, it will double their cash flow out of India. Exploration at MJ1 in India should commence in Q2.

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Niko Resources (NKO-T)
February 12, 2013

(A Top Pick April 5/12. Down 71.96%.) Had problems in India but it looks like the pricing should be resolved in the next couple of quarters. Once pricing moves from $4.20 to $8-$9, it will double their cash flow out of India. Exploration at MJ1 in India should commence in Q2.

DON'T BUY