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| HOLD | 5.800 | Joseph Schachter | Just received an offer to be acquired by Pengrowth (PGF.UN-T). They get the Harmattan holdings and the remaining properties will be spun off into a new company, possibly called Argosy Resources. If you own, tender to the takeover. You should also take advantage of being able to buy the shares in the new company. | 2008-07-25 | |
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| TOP PICK | 4.750 | Joseph Schachter | With natural gas prices recovering, he sees them trading at under 2.5X cash flow. NAV shows to be $7. At the current price, it is trading at a very significant discount. Production results should come out in the next week or two. | 2008-03-07 | |
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| WEAK BUY | 4.690 | Joanne A. Hruska, CFA | Gas weighted and debt level (2X debt to cash flow) is a little bit higher than average, so trades at a bit of a discount. Her comfort level is 2X or less debt to cash flow. Have a few thousand barrels a day so she is staying with it. Thinks the forecast for next year will be a higher stock price. You have to watch. | 2008-02-22 | |
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| PAST TOP PICK | 4.090 | Joseph Schachter | (A Past Top Pick Jan 23/07. Down 24%.) 71% natural gas. Doing about 3400 BOE’s a day and could go north of 4400. Thinks they will do over $2 in cash flow sold stock is trading at 2X cash flow. $56 million debt, about 2X cash flow, which is why it has not recovered as quickly as others. NAV in the 3rd quarter of 07 was over $8 a share. Hold. | 2008-01-24 | |
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| TOP PICK | 4.550 | Joseph Schachter | (A Past Top Pick Jan 23/07. Down 21.9%.) Load up the truck. Started growing their volumes in Q3. Think they can grow their production by over 4400 by the end of 08. NAV of $8.52. Management has a 27% interest. | 2007-12-19 | |
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| HOLD | 3.550 | Joanne A. Hruska, CFA | Gas focused. Had an amazing discovery of a pool in the stock did really well. Have been working towards another couple of core areas but hasn't had as much success. Doesn't think they can get into trouble. Management team is good. | 2007-12-05 | |
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| PAST TOP PICK | 4.380 | Joseph Schachter | (Down 18% since Jan 2007)It is natural gas and that is the problem. Recommends staying with it. Management has done a good job.Believes there is 50% upside. | 2007-10-22 | |
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| PAST TOP PICK | 4.750 | Joseph Schachter | (A Top Pick Sept 29/06. Down 41.6%.) Got hit because of natural gas prices. Adding production and will probably be 3700 BOE's a day by the end of Q3. Still likes. | 2007-09-11 | |
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| HOLD | 5.110 | Joseph Schachter | About 65% natural gas and the rest is oil and liquids. Doing about 3,300 BOEs a day and have about 1,200 BOEs behind pipe and 800 could come on over the next 2-3 months. | 2007-07-20 | |
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| BUY | 5.750 | Joseph Schachter | Exit strategy with trust is not over.
Stock has gone down, because company didn't grow, through 2006, now is starting to grow.
Likes it. | 2007-06-04 | |
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| DON'T BUY | 5.520 | Glenn MacNeill, P.Eng. | He has avoided this one. Hasn't done any net asset value work or valuation to know a good entry point. Not a fan of management. | 2007-05-09 | |
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| TOP PICK | 5.250 | Joseph Schachter | Thinks that 50,000 flowing BOE's a day is what the company is worth on a takeout basis. | 2007-01-23 | |
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| TOP PICK | 6.600 | Joseph Schachter | Doing about 3200 BOE’s a day. Have 2 new core areas with good potential. Likes the growth profile. | 2006-11-15 | |
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| TOP PICK | 7.220 | Joseph Schachter | This is a natural gas story, so he wants to be involved in the recovery of natural gas. The company is well financed and the balance sheet is in good shape. Stock is cheap. | 2006-09-29 | |
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| TOP PICK | 8.450 | Joseph Schachter | Gassy weighted. Stock dropped with gas price. Have 2 core assets which are fabulous potentials for a trust. Could go that route when gas prices firm up this summer. | 2006-04-12 | |
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| BUY | 6.830 | Joseph Schachter | One of his favourites. Producing about 1,200 BOE's a day. They're now in completion of facilities with Salicks (?) where they have added a new compressor which will allow them to bring in 11 shut -in wells. This could potentially add 2,000 BOE's. From what he is hearing, he'll have to go back and crunch numbers. | 2005-03-23 | |
Experts that have talked about Accrete Energy Inc.
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