Peter HodsonPan Ocean Energy Corp Ltd (A)POC.A.TOBUYSep 24, 2004

Surprised at how well it has done this year. Had a couple of dead holes last year which the market didn't like. Would like to see it settle down before buying.

Very cheap stock. Have a huge growth profile. Have gone 0 for 3 on their past 3 wells. Very tightly controlled.

The company has done a lot of things right. They are 11 for 11 in their drilling. Valuation is only based on where they are now and not giving any credit for future success. Cheap.

Very cheap. Doesn't trade a lot and not many shares outstanding. Risky, but cash flow is accelerating. Great balance sheet and well managed.