Niko Resources | StockChase
303
Niko Resources (NKO-T)

Last Price Recorded: $0.0600 on 2017-11-20

ON STOCKCHASE SINCE May 2001

India and Bangladesh

oil/gas

Niko Resources


Signal Opinion Expert

2012-12-05

TOP PICK
Niko Resources (NKO-T)

(A Top Pick Sept 25/12. Down 29.21%.) Got massacred because of the India problems and financial issues. Resolved the financial issues with financing that have just been completed. Now drilling a high impact well in Indonesia. This is the 1st well in their program. 12 month target is $20 but any drillbit success or any movement in India to resolve the pricing could raise his target significantly.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $8.550
Owned: No

2012-12-04

COMMENT
Niko Resources (NKO-T)

This is elephant hunting. They have absolutely dry, dry wells in Indonesia. Have just raised money, which they were running short of. If they suddenly have a big hit, you will obviously make an astounding amount of money. It is a crap shoot.

oil/gas
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $8.440
Owned: Unknown

2012-11-19

SELL
Niko Resources (NKO-T)

He sees a few gaps during this year.  The downward cycle does not look like it is going to change.

oil/gas
Jeff Parent B. Eng. FCSI

Vice President and Portfolio Manager, Matco Financial Inc

Price: $8.450
Owned: Unknown

2012-11-12

DON'T BUY
Niko Resources (NKO-T)

(Market Call Minute) 6 dry wells in a row and a convert coming due end of this year.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $9.720
Owned: No

2012-10-17

SPECULATIVE BUY
Niko Resources (NKO-T)

This is one of the very few Canadian oil/gas companies that has indulged in a kind of elephant hunting. Down at this level, for the speculator, this has to be an attractive price. Huge resources in the Bangladesh territories.

oil/gas
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $14.440
Owned: Unknown

2012-10-09

DON'T BUY
Niko Resources (NKO-T)

He would not be excited about taking this risk. Recently had a write-down of their reserves and that was a fairly substantial move that weakened the stock. Still looking for clarity on the Indian pricing on the gas contracts.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $16.310
Owned: No

2012-10-02

COMMENT
Niko Resources (NKO-T)

Has been absolutely killed. Their resource space was not all that it appeared to be. Involved in a number of lawsuits. Company is losing bags of money. However, stock prices come down so far that he emailed the company for further information. It is of interest to him at this point in time but once he discovers a company, he waits at least 6 months before he can potentially buy and this would take them out to about March and he usually doesn’t buy at that time of year.

oil/gas
Benj Gallander

President, Contra the Heard Investment Letter

Price: $15.840
Owned: No

2012-09-25

TOP PICK
Niko Resources (NKO-T)

Has been hit very hard, partially because of the issues with India as well as having a convertible debt that matures at the end of 2012. Trading very cheaply based on the Indian assets. There is much upside in the Indian assets with BP (BP-N) and Reliance as their partners. BP has been very positive on the global potential of the upside. Need to get a deal with the government on higher pricing. Also, have a large amount of land that they will be drilling next month in Indonesia. (Buy a half weighted position now and take advantage of any market malaise in Nov/Dec to go to full position status on any weakness.)

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $12.050
Owned: No

2012-09-19

SELL
Niko Resources (NKO-T)

(Market Call Minute.) This company has been so bummed out that it is tough for him to say Sell but they have a $40 million deficit in CapX for 2013 and has got 4 dusters in a row and they have a $310 million convertible due in about 3 months.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $9.930
Owned: No

2012-08-16

DON'T BUY
Niko Resources (NKO-T)

(Market Call Minute) Former market darling.  Fallen on hard times, Original asset is shrinking, does not like the risk profile.  An exploration story now.

oil/gas
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.

Price: $15.350
Owned: No

2012-07-31

SELL
Niko Resources (NKO-T)

Suspects we will re-test the recent lows and they will loose money in this and next year.  Take the capital loss.

oil/gas
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $17.210
Owned: Unknown

2012-07-11

DON'T BUY
Niko Resources (NKO-T)
Reserves in the D6 block in India have been cut in half. They do have some other exploration projects in Iraq and Malaysia that are very interesting. He would wait to see some improvements in the fundamentals before buying.
oil/gas
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $14.050
Owned: No

2012-07-06

SELL
Niko Resources (NKO-T)
Chart is not good. Had close to a 40% selloff in a single day and then continued falling. Doesn't look like it is going to recover. Volume is dropping off to very low amounts. He can see it declining another $2-$3 to the downside to $11.50.
oil/gas
Jeff Parent B. Eng. FCSI

Vice President and Portfolio Manager, Matco Financial Inc

Price: $13.640
Owned: No

2012-07-04

PAST TOP PICK
Niko Resources (NKO-T)
(Top Pick Apr 5/12, Down 58.17%) Got beat up from March/Apr. India are working on an import price change for Nat gas. Aren’t bringing on more production. Upside will come from Indonesia where they are drilling wells regularly. Drilling in Trinidad also. Any that are successful could double the price. Recommends buying it after we see clarity on the balance sheet. Candidate for tax loss selling.
oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $13.770
Owned: No

2012-06-29

DON'T BUY
Niko Resources (NKO-T)
Explorer/producer of natural gas with assets in offshore India and Bangladesh. Stock has got completely pummelled because they had to significantly lower reserves on some of their blocks in India. Would be cautious on this one.
oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $13.420
Owned: No

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