DON'T BUY
Assets are fine, but debt is high. One shareholder holds 25% of company and he has a big following.
DON'T BUY
Painful to look at the chart. Shows why it is important to invest not just in an asset but in the people. He rode it up and rode it down and sold it.
BUY
They now have no production, but the largest natural gas discovery off UK coast in past 5-10 years. Their interest in it is worth $2.50 a share. They are now fully funded. They also have another asset worth $1 a share. Likes the assets and the management. 2 years until first gas.
WAIT
Stock has been weak because they are slower than they said bringing on new production. Likes the management team. You could pick away at it over the next couple of months.
DON'T BUY
There was a little too much hype in it. Good news is that there is not much down side, but there is not much upside.
DON'T BUY
Management is quite good, especially on the technical side. Concern that he has is the base decline on their production. They generate a lot of cash flow.
DON'T BUY
Economics of implementing their technology seem to be quite good. Would not buy it until you see more revenue.
BUY
Was negative for some time and then started buying it a month or so ago. The outlook on the company is very, very good. No exploration – it is pure development.
N/A
Fundamentals on Gas have only gotten worse. The gas price to earn a 15% rate of return is about $3.30 to $4.30. Pretty high supply and tempered demand. Oil has been falling off, based on news of slowing global economic growth. But there are opportunities: dirt-cheap companies; balance sheets that can withstand low natural gas prices for the next 1-2 years.
DON'T BUY
Limited capital appreciation. Yield is in question. Likely they have to cut (25%) the distribution when they convert to a corp. CPG has a slightly higher yield.
WAIT
Performance bad because they spend a lot of money on land and because oil price is down. It was a wet spring and summer and so they could not ramp up their drilling program. Is holding on before buying more – wait for more data to be available.
BUY
A brutal story. He was buying it today. He is using it as a way to play an unbelievably beaten up story. It’s cheap on a reserve basis and on a cash flow basis. CEO changed. Limited downside.
DON'T BUY
Their debt is very, very high. It will be difficult for them to grow because of cash flow paying the interest.
RISKY
Poor performer mostly because of gas prices. Balance sheet is not an issue. Good upside if held longer than a year.