ProspEx Resources (PSX.TO) Buy, Sell or Hold

ProspEx Resources (PSX.TO)

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2 watching

DON'T BUY

It is a big company. He never heard a compelling plan for resolving issues from a few years ago. Their medical equipment business is not in the parts of medical equipment that are growing very well.

WEAK BUY

Believes that in 12 to 18 months natural gas prices will be in the $6-$7 range. Short-term he expects some downside so you need to be able to take the volatility. Have some decent projects in the Montney play.

TOP PICK

(A Top Pick Oct 27/06. Down 2.4%.) Hit by soft natural gas prices. Continues to have solid underlying growth in its production. Very strong portfolio of medium risk natural gas exploration and development properties but it also has some very high impact, deeper gas drilling targets in western Alberta.

WATCH

Natural Gas - this commodity could drop even further in the next month, so take your time getting into positions. 3 picks he would look at would be ProEx Energy (PXE-T), ProspEx Resources (PSX-T) and RSX Energy (RSX-X). They are all good western Canadian producers with good growth profiles and good properties.

TOP PICK

Relatively unrecognized. Management has done a good job of bringing lower risk natural gas drilling prospects into the company, growing reserves and production. Likes their high impact drilling portfolio. Good upside potential.

BUY

Great little company. Hard working company. Has a sector outperform on it. Well run. Not flashy, so you'll have to be patient with it.

DON'T BUY

The jury is still out on this one. The assets that were originally in Esprit were somewhat suspect, so when you take them and split them into a trust and an exploration company, it's hard to develop them.

HOLD

A spinout from Esprit Resources. Looks interesting. They have good knowledge of their land and where to drill. Could easily double their production. Good leverage.

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ProspEx Resources (PSX.TO) Frequently Asked Questions

What is ProspEx Resources stock symbol?

ProspEx Resources is a OTC stock, trading under the symbol PSX.TO (previously PSX-T on Stockchase) on the undefined (undefined). It is usually referred to as or PSX.TO

Is ProspEx Resources a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on PSX.TO (previously PSX-T on Stockchase) on Stockchase. Read the latest expert commentary for ProspEx Resources.

Is ProspEx Resources a good investment or a top pick?

ProspEx Resources was recommended as a Top Pick by David Cockfield on 2004-10-14. Read the latest stock experts ratings for ProspEx Resources.

Why is ProspEx Resources stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for ProspEx Resources.

Is ProspEx Resources worth watching?

ProspEx Resources is covered by Stockchase experts and is worth watching.

Most Recent Experts

Stockchase Insights

5i Research

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

CNBC

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ProspEx Resources (PSX.TO)