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Guide Exploration (GO.TO)

BUY
Likes this one a lot. The key thing for them is the big ramp up in production. Think they will be over 20,000 BOE’s a day in the near term because of their acquisition of ExAlta Energy. Have about a 50-50 mix. Have been focusing on the oil side because of the higher commodity price. Their Pasqua play is a great oil play and could have some very strong production numbers.
TOP PICK
Basically 50% light oil and 50% gas. Focused in Alberta. Can see some pretty strong cash this year. Nice acquisition.
COMMENT
Some of the companies with deeper exploration targets were really hit with the Alberta Royalty Review. Rumours are that, after the Alberta election, there may be some closure on the unintended consequences. If so, companies like this may get a bit of a break.
PAST TOP PICK
(A Past Top Pick Jan 23/07. Down 11.1%.) Really likes the story. About 50/50 in oil/gas. Buying out Exalta Energy (EXA-T), which will take them to about 20,000 BOE's a day compared to 8600 in 2006. Have high impact wells that are affected by the Alberta legislation. Expecting cash flow of about $3.20 at the end of 08. Very cheap. Balance sheet in good shape. Hold.
PAST TOP PICK
(A Past Top Pick Jan 23/07. Down 5.5%.) 17,000 BOE's, 48% oil 52% natural gas. Likes the mix. Looking for just under 20,000 BOE's in 2008. Still a Buy.
BUY
With the recovery of oil/gas, this one is in a star area. Good price.
TOP PICK
When the market turns, larger juniors will go up before smaller ones. Hurt because of Alberta's royalty review. Wonderful entry point. Very strong management. Over a million net undeveloped acres giving them years of work in very prospective areas. Relatively cheap compared to peers. She will be buying very soon.
TOP PICK
50/50 oil and gas mix. Production grew 46% in the 3rd quarter. Have a very big oil play called the Puskwa. Growing production materially.
TOP PICK
Just reported numbers and they looked very good. Stock has been hurt by the Alberta royalty issue and expects they will be impacted by about 9%. However, they are growing fairly aggressively. Drilling program has been very successful. Production this year will average 14,000, going up to 18,000 next year.
PAST TOP PICK
(Up 6.3% since Jan. 2007)He still likes it and recommends staying with it. He likes the management. Target price is $24 in twelve months. This company is growing despite what is going on with the commodity price.
TOP PICK
Traded down fairly aggressively on news coming out of Alberta on royalties. Created a great buying opportunity. Reported 97% success rate in the last quarter, 32 out of 33 holes were hit. A nice mix between light oil and gas. Cash flow is moving from $2.30 to $3.05 next year.
TOP PICK
Producing about 13,000 BOE's which is an increase of 40%. Thinks they will be 40% growth in 08 also. About 50/50 in commodity mix. Have 1 million acres they are working in northwest Alberta. Very cheap.
TOP PICK
Going for the oil on this one. Netbacks are extremely strong. Have shown some very good production growth. Strong cash flows at $2.30 this year and growing to the $3 area next year. Getting some fairly good drilling results.
TOP PICK
Sold some shares so the stock was down a bit. Production profile is very good. Has a nice blend between light oil and gas. Looking for production of 17,000 to 21,000 BOE's by year end. Has cash flow of roughly $2.34 moving up to $2.80.
BUY
Reported their 2nd quarter results, which showed production up very materially from the year before. Has the ability to exit this year at 19,000 and maybe 23,000-24,000 next year.
Showing 91 to 105 of 143 entries