| PAST TOP PICK | 11.990 | Joseph Schachter | (A Top Pick Jan 11/06. Down 4.8%.) Has been acquired. | 2007-01-23 | |
| HOLD | 12.270 | Michael Smedley | Gas in Egypt. Has gone through a troubled time. There is reasonable speculation going on that there might be someone else to make a bid. | 2006-11-22 | |
| SELL | 11.860 | Bruce Campbell | Normally, the stock would trade at $12.25 if the market thought there was a chance of another offer. Feels there’s a very low chance of another offer. | 2006-11-15 | |
| PAST TOP PICK | 11.860 | Joseph Schachter | (A Top Pick Nov 11/05. Up 13.8%.) Being acquired at $12, which is a fair bid. | 2006-11-15 | |
| BUY | 6.850 | Joseph Schachter | The company has had execution problems. If they can overcome these problems there will be an upside. At $7.00 it is a buy and he recommends buying it. Target price is $15.00. | 2006-09-29 | |
| HOLD | 7.370 | Michael Smedley | Changed the operating chief. Not a favourite buy at the moment. | 2006-09-21 | |
| HOLD | 7.170 | Michael Smedley | Starting to improve again. It has to come with bigger and better results. Will have to share a light of its production with the Egyptian government. | 2006-08-24 | |
| HOLD | 7.030 | John Stephenson | For a prospective development, it looks very promising. Doesn't follow closely but isn't a big fan of foreign entities. | 2006-07-10 | |
| WAIT | 6.150 | Joseph Schachter | Has dropped because of 3 dry and abandoned wells. Going to try and get bigger, stronger casings that can handle the pressures. Going to restart in Q1. With their 32,000 BOE's a day should do about $1.35 annualized cash flow. Under $6, it is very cheap. Buy in Q4 of 06. | 2006-06-20 | |
| DON'T BUY | 6.370 | Bruce Campbell | Drilled some dry holes and there is some worthy now that if they drill a couple of more, then Shell International would pull out of the project. | 2006-06-08 | |
| SELL | 6.370 | David Cockfield | Haven't liked the deals they have signed with the Egyptian government. Have done quite well with their drilling programs until recently. | 2006-06-08 | |
| DON'T BUY | 6.940 | Gordon Higgins, CA, MBA, CFA | When you are in some of the foreign countries, you have to be very careful of the risk profile. | 2006-06-07 | |
| SELL | 7.680 | Bruce Campbell | Have drilled some dry holes and the stock price has reflected that. Valuation is too high. | 2006-05-31 | |
| DON'T BUY | 7.840 | John Stephenson | Chart is pretty ugly on this name. 3 of their Algerian wells will need specialised equipment that won't arrive until September. Avoid it until you have a better feeling of the direction where things are going. | 2006-05-19 | |
| WAIT | 9.260 | Michael Smedley | Dropped on news that 3 of their Egyptian wells have been abandoned. Wait for further news before buying. | 2006-05-10 | |
| DON'T BUY | 12.130 | David Cockfield | A very volatile stock. He is a little cautious on this one. They are finding pretty good gas reserves in Egypt but price is controlled. They have come up with pretty good production but he doesn't like the environment. | 2006-05-04 | |
| PAST TOP PICK | 13.370 | Joseph Schachter | (A Top Pick Sept 26/05. No change.) Massive land spread in Egypt. Been spending a lot of time on facilities which are coming on now. The big thing is the exploration in front of them. Have 3 rigs working. Exploration will get oilier. | 2006-04-12 | |
| BUY | 13.370 | Werner Muehelemann | Not the cheapest stock out there but there is a lot of growth. They recently announced a joint-venture in an LNG project which will give them much higher prices. | 2006-04-12 | |
| HOLD | 14.500 | Michael Smedley | Going into a venture with Royal Dutch Shell which looks interesting but he would like to know more about it. A fine company. It's around 20,000 barrels plus, heading for 70,000. | 2006-03-29 | |
| BUY | 13.850 | David Baskin | This is the kind of company that is being acquired a lot. Their strategy is not a bad one at all. LNG remains controversial because of porting facilities but it is going to happen. Little too exotic for him, but does have the potential of being taken over. | 2006-03-27 | |
| BUY | 13.910 | Wilf Gobert | Entered into a joint venture with Royal Dutch to explore for natural gas on their two largest concessions in the Nile delta area. Based on their findings, they will pursue a LNG project to consume the natural gas. | 2006-03-20 | |
| HOLD | 12.100 | Joseph Schachter | He likes this stock. Closed at $12.10. There are 3 rigs working. They have been spending time on facilities over the last 9 months and that is why the stock is lagging. There have been limitations obtaining supplies and equipment in this field. Try to be patient. | 2006-03-09 | |
| DON'T BUY | 12.100 | Peter Hodson | This expert is very cautious about this stock. The company may not have equity and financing. | 2006-03-09 | |
| DON'T BUY | 11.400 | Bruce Campbell | Higher risk stock. They have had some problems. Not recommending. | 2006-02-25 | |
| HOLD | 13.610 | Ross Healy | Has decent fair market value of about $25, but is up against some technical resistance and needs to break out from here. Relative to other energy stocks, it's a fair degree more expensive so it is riskier. Can still do well but wouldn't be his first choice. | 2006-02-06 | |
| HOLD | 13.160 | John Stephenson | Quadruple it’s production over the next year. | 2006-02-03 | |
| BUY | 13.190 | Peter Hodson | International played. Well-managed. Pretty big potential wells coming up this year. They just missed their production forecast last year which took a little bit of the shine off which created a relief rally when it didn't miss by more. A prospective takeover. | 2006-02-01 | |
| BUY | 14.050 | John Stephenson | This is a name that you could get into at this point. They have an enormous find in Egypt and Tunisia. They are increasing their production. As time goes on, more of this is liquefied and shipped to the markets. | 2006-01-25 | |
| BUY | 14.350 | Michael Smedley | Is now moving out of a very dull period. It might be aided a bit by Russia turning off supplies to the Ukraine. Has got very big production. | 2006-01-19 | |
| TOP PICK | 12.600 | Joseph Schachter | The last six months, the company has been focusing on bringing on production. They finished last year with 38,000 BOE's a day, versus 21,150 at the end of '04. Now they are focusing on drilling again with 3 rigs working. Think they will do $1.34 in cash flow and $1.60 by the end of the year. The stock is cheap. | 2006-01-11 | |
| HOLD | 13.300 | Peter Hodson | Thinks this one has now bottomed. There was a lot of concern over then hitting their production numbers. They came out with 41,500 barrels yesterday and the stock has started to recover. Have a very big well coming out in the next couple of weeks. | 2006-01-05 | |
| BUY | 11.240 | Bill Harris, CFA | There are so many things going on with this company. Spent a lot of money last year on high risk exploration and there is no way to put a pin in the value. You need to bring a gas/oil well on and have it run for six months before you can get an assessment of what the oil pool is. If things work out, 2006 should see $20. | 2006-01-03 | |
| DON'T BUY | 11.290 | David Cockfield | Located in Egypt and he is not as familiar with the geology there. Was never comfortable with how they were going to make money in the long run. Things are probably cloudy because there is no good news out there. | 2005-12-30 | |
| BUY | 10.390 | John Stephenson | Has a discount for being an overseas asset. Also, it's a gas producer and there is a lot of gas globally. Bringing on production quite smoothly. | 2005-12-01 | |
| TOP PICK | 10.350 | Joseph Schachter | For the last 6 months has been putting in new plumbing, so they haven't really been exploring. The new facilities are coming on now and they now have 4 rigs in the field working, so they will be starting to do more exploration. Also have a big well with Petro Canada (PCA-T) offshore Tunisia which will be very material. | 2005-11-22 | |
| BUY | 10.410 | Bruce Campbell | Like most of the international oils, has fallen quite sharply. Looks like pretty decent value. | 2005-11-21 | |
| BUY | 10.450 | Michael Smedley | It should get better than it has been in the last 6 months. Huge putting on of barrels of gas. Price of gas in North Africa is loweer than here, so North American analysts don't like it too much. | 2005-11-18 | |
| Comment | 11.050 | John Stephenson | A premium is being paid for North American producers rather than International producers because of geopolitical risks. Nothing fundamentally wrong with this company. Seem to be expanding their production base which will ultimately get recognized, but it's an out of favour area right now. | 2005-11-07 | |
| HOLD | 11.050 | Wilf Gobert | The one reason it has not performed that well this year is that it is almost 100% natural gas which is sold at a relatively fixed price. Hasn't had any participatiuon in the runup of oil prices. You buy this one for exploration sucess in the future. Fairly valued at this price. | 2005-11-07 | |
| BUY | 10.510 | Glenn MacNeill, P.Eng. | An international company and their properties in Egypt are very good. Had expected they would be able to tie in their production a little sooner than the numbers are indicating. Likes it, but he is more focused on domestic assets. Because it's foreign there is an extra risk. Has some good prospects in front of it. | 2005-10-20 | |
| BUY | 12.250 | Michael Smedley | Have a couple of big plays with Petro Canada (PCA-T) in the Melita play in Tunisia and are a significant land holder offshore of Nigeria as well as their large holdings in Egypt. Thinks they are heading for 70,000 barrels which is a big number. | 2005-10-11 | |
| BUY | 11.950 | Joseph Schachter | They are involved with hooking up 2 major facilities, so management has been focusing on the plumbing side of the business. Starting September, they have 4 rigs focused on exploration. The company gets $2.65 US a well in Egypt for their gas. The real upside is the liquids and the oil that they are finding in addition to their gas. | 2005-10-07 | |
| BUY | 12.060 | John Stephenson | Has been a little more disappointing than he had hoped it would be. Certainly worth more than it's trading for right now. | 2005-10-05 | |
| WEAK BUY | 13.460 | Larry Berman CFA, CMT, CTA | A fabulous sector for at least the next 6 to 8 months. This stock has come under strong resistance in the last number of months. An underperformer, but probably has upside potential over the next 6 months. | 2005-09-28 | |
| TOP PICK | 13.280 | Joseph Schachter | Going to be doing about 45,000 BOE's a day in Egypt by the end of this year. Looking for oil rich gas. The big upside for them will be the oil/liquids. Starting now they will have 4 rigs working. | 2005-09-26 | |
| BUY | 13.160 | Jean-Francois Tardif | Have a large pool of natural gas and oil in Egypt. Expects they will find more. | 2005-09-21 | |
| DON'T BUY | 12.860 | Bill Harris, CFA | Reached their goal of 10,000 BOE's a day about a year ago and believe they will exit around 40,000 barrels a day. You have to believe that something magical is going to happen. This is a 100% pure speculation. | 2005-09-13 | |
| BUY | 12.510 | Mark Jackson, CFA | You have to cognizant of the fact that because they are operating in Egypt, they don't get world price for natural gas. They are building L & G facilities on the coast which will allow them to get a world price. Sees some upside in their production level. | 2005-09-12 | |
| HOLD | 12.720 | John Stephenson | Strong land base in Egypt. Gas focused. Flattish primarily because of its geopolitical location. | 2005-09-09 | |
| TOP PICK | 11.910 | Joseph Schachter | Starting in September they will have 4 rigs working. Also the Melita play being drilled offshore Tunisia by Petro Canada (PCA-T) will spud in October. The window for exploration news is going to happen. The trend they are showing today is very good and the seismic is giving a lot of leads. | 2005-09-02 | |
| Comment | 11.940 | John Stephenson | Geopolitical concerns have kept this stock from going up. Has tremendous resources and seems to be actualizing on its production plans. Nothing fundamentally wrong with the company. | 2005-09-01 | |
| WEAK BUY | 12.260 | Bill Harris, CFA | One of the truly unique international oil players right now. Doesn't like the existing assets that much and is not quite sure how to put a pin in the valuation. They are spending so much money in exploration and are really finding things. If you are a high roller, it's exciting. | 2005-08-25 | |
| BUY | 12.780 | Gavin Graham | Doesn't participate with the price of oil because it's an exploration play in Egypt and maybe Libya. It's a bet on how stable are their existing fields in exciting parts of the world. Cheap. It's one of the things you want to have in your portfolio because you could get the big 10 bagger move. | 2005-08-08 | |
| BUY | 13.560 | Joseph Schachter | September, they get 4 rigs coming in, 2 more than they have right now. 2 will be exploration focused and 2 will be development focused, so starting in September they start having a lot more activity. In October, the news window starts picking up. Buy on wewakness. | 2005-08-02 | |
| WEAK BUY | 13.410 | David Cockfield | An Egyptian play, so a little harder to get a handle on the situation. Have had some good success, but thinks it got a little ahead of itself. The area is vulnerable to terrorists. Caution. | 2005-07-28 | |
| DON'T BUY | 12.800 | Veronika Hirsch | International energy has had a correction and doesn't know how long the correction will last, so would prefer domestic producers at this time. | 2005-07-27 | |
| BUY | 11.920 | Peter Hodson | He is currently buying this stock. Market is a little bit bored. The company is at full production and they're waiting for some additional pipeline capacity and some government contracts. They will easily do 24,000 barrels equivalent a day this year. They don't have a big well to be drilled until mid-September. | 2005-07-26 | |
| BUY | 12.190 | Michael Smedley | Has been an example of one of the smaller ones that went into a bit of a retreat, but are starting to move again. Good producer. Have gone through the 20,000 a day wall of production and are heading on up. | 2005-07-20 | |
| BUY | 13.600 | John Stephenson | Might be a reasonable entry point. A gas play. Has 6.3 million net undeveloped acres in Egypt. If they can develop some of this, they could potentially see a quadrupling in its productive capacity from about 11000/12000 BOE's a day to over 50,000. Very undervalued if you believe it can come forward with its potential. | 2005-06-21 | |
| BUY on WEAKNESS | 14.100 | Joseph Schachter | The kind of stock that might see a short term period of weakness, maybe below $12. Will have 4 drilling rigs running in September with some very high impact potential. Over the long term, this stock is a long term keeper. | 2005-06-20 | |
| BUY on WEAKNESS | 13.580 | Joseph Schachter | Doing about 21,000 BOE's a day. Starting in September they will be accelerating their program with 4 rigs running on the exploration side. | 2005-06-10 | |
| BUY | 13.300 | Glenn MacNeill, P.Eng. | If there is another weakening of oil prices over the summer, this could get soft again. Excellent company, well managed. | 2005-06-07 | |
| BUY | 12.540 | Jean-Francois Tardif | Expect that it will exceed its high of $18 in the next year or two. | 2005-06-01 | |
| BUY | 12.600 | Michael Smedley | It's down because the whole sector is down. A very well placed company. Attempting to make acquisitions in Libya. | 2005-05-25 | |
| HOLD | 12.100 | Bill Harris, CFA | Pieces are moving so fast in this company, this is real exploration drilling in northern Africa. It is moving so fast that he would put a value somewhere between $10 and $14. Has no idea where it's going as there is no real value in what they are doing. They are spending a lot of money and he hopes they'll find something. | 2005-05-11 | |
| BUY on WEAKNESS | 12.800 | Joseph Schachter | Gas inventories are building, so this could pull back further. Recommends to his clients to buy below $11, but if not weaker by July, be long the stock anyways. Loves the story. Will have 4 high impact rigs running and if there is even moderate success, the stock should go a lot higher. | 2005-05-06 | |
| DON'T BUY | 12.700 | Bill Carrigan | Chart shows a long base from 2000 to 2003 with a rise up to a spike in '04 with a pull back to mid-April and now into a recovery. Can it reach it's old high? The problem is it's more a trader's play at this time. | 2005-04-27 | |
| DON'T BUY | 12.320 | David Cockfield | His big concern is that it's a company operating in Egypt and had some high international risk to it. It's a one-story company and you can't cooberate the story effectively. | 2005-04-21 | |
| BUY | 12.700 | John Stephenson | A fairly good entry point for it. | 2005-04-19 | |
| BUY | 12.000 | Mark Jackson, CFA | There's been a lot of money flowing into international oils. This one has been a great story and has shown some great growth. Starting to look fairly attractive at this price. Still some upside from here. | 2005-04-13 | |
| WAIT | 13.000 | David Burrows | Look at what's going on in the peer group. Oil sector has been one of the strongest over the last 18/24 months. We are now getting a classic correction pull back. The trend is still intact in oils, but the small and mid caps are going to pull back more than the large. | 2005-04-12 | |
| DON'T BUY | 14.150 | Ross Healy | One of the few energy stocks that he would not be buying at the present time. Pretty much out of upside potential. It is selling at almost 10 X book which is too expensive. No fair market value. Speculative. | 2005-04-07 | |
| HOLD | 14.150 | Peter Hodson | Very well run. The whole sector has come off a little bit, especially international gas plays. For a company that will easily double production over the next few months, it's a good long term hold. They could go into another copuntry. | 2005-04-07 | |
| TOP PICK | 15.400 | Joseph Schachter | In his 3 Top Picks, he is recommending that buyers take advantage during the weakness in the next 2/3 months. Under $12 it is a screaming BUY. They are in Egypt and are looking at Sao Tome which is offshore Nigeria as well as Libya and Nigeria. | 2005-03-31 | |
| BUY | 14.300 | Glenn MacNeill, P.Eng. | Higher risk foreign assets. Understands the assets are very solid. Could propel into new heights on its valuation. | 2005-03-30 | |
| WAIT | 15.960 | Bruce Campbell | Feels the best way to handle these international plays is to sell on news. When it goes quiet and there's a pull back, buy it back. Not buy and hold stocks. | 2005-03-24 | |
| HOLD | 16.000 | Joseph Schachter | Have done a fabulous job of execution. Sold their Tunisian assets which they were having some problems growing. Involved in an Egyptian area that's very prolific. If they find the Jurassic and drill a well in Q3/Q4 through the crutaceous 10,000 meters, it could be a home run and a $100 stock. Would love to buy on a correction. | 2005-03-23 | |
| HOLD | 16.130 | Bill Harris, CFA | Has come off a bit, but this is just a small breathing space and you have to let it do it. Extremely high risk exploration. Will be spending $130 million on pure exploration in North Africa and anything can happen. Wait for a fundamental shift or a real technical breakdown (which this isn't). | 2005-03-21 | |
| BUY | 15.600 | Jean-Francois Tardif | Has had a big increase in gas production in their Egyptian assets. Think they have a chance to find a lot more. | 2005-03-18 | |
| PAST TOP PICK | 18.280 | Peter Hodson | Biggest earner. Will double production this year and next year. Good risk vs return. | 2005-03-01 | |
| WAIT | 17.870 | Andrew McCreath | Had a big run over the last year, but an incredibly large run in the last week or two. Have a couple of mini-elephant wells they will be drilling this year. There'll also be a material increase in their oil production. What is really getting the stock going is the perceived buy-out of First Calgary (FCP-T) and this company will be next. Wait for it to settle down. | 2005-02-18 | |
| BUY | 18.390 | Bill Harris, CFA | Worth between $12/14 right now, but investing a lot of money on exploration with phenominal success, so could go up in value very fast. | 2005-02-16 | |
| TOP PICK | 15.540 | Joseph Schachter | Have a lot of high impact exploration they are doing in Q2 and Q3 and if successful could go way higher than his target. A good stock to hold for 2/3 years. | 2005-02-14 | |
| HOLD | 13.900 | Veronika Hirsch | Has done incredibly well and there is still a lot of growth. Fully priced as far as their exploration news, but they could have more exploration news. | 2005-01-28 | |
| WEAK BUY | 14.130 | Peter Brieger | An algerian play. Has the same potential as Niko Resources. Very speculative. | 2005-01-27 | |
| BUY | 14.030 | Kyle McKay | Becoming increasingly bullish on smaller energy/oil names that do have unhedged production. Could go $3 higher longer term. | 2005-01-24 | |
| WEAK BUY | 14.450 | Andrew McCreath | Has had a huge run. There will be ongoing production growth in '05. They will be drilling a couple of high prospect wells. Would be cautious about jumping in, in a big way, but OK to dip your toe in. | 2005-01-17 | |
| BUY | 14.100 | Glenn Paradis, BA, CFA | Looks very positive after its pull-back. | 2005-01-13 | |
| BUY | 13.790 | Joseph Schachter | Because of his involvement with another company, he is currently restricted on what he can discuss on this stock. Prior to today, was very bullish on the stock and had a target price of $20 and still likes very much. | 2005-01-11 | |
| HOLD | 14.050 | Bill Harris, CFA | Doing incredible drilling. Tripled their exploration budget. You could put a hard figure of $10 on the stock, but with all their exploration anything could happen. | 2005-01-07 | |
| WAIT | 14.350 | Werner Muehelemann | Has great potential. Have had good exploration results. Would wait to see more exploration results that would make its present mutiple worthwhile. | 2005-01-06 | |
| VAGUE | 14.720 | Glenn MacNeill, P.Eng. | Has been a spectacular performer. Prefers domestic companies. | 2004-12-29 | |
| TOP PICK | 13.690 | Peter Hodson | Had a huge run with a lot of attention when it was added to the TSE. Assured production growth. Right now at 15,000 barrels equivalent and can go as high as 48/49 by the end of next year if they have some good production/exploration success. Good management team. If First Calgary gets sold, this company will get the benefit of money moving. Intend to own for a good 6 months to a year minimum, but would trade around positions if it decided to spike up. | 2004-12-20 | |
| VAGUE | 13.690 | Rob Callander | Talking large production numbers and there should be some more upside. | 2004-12-20 | |
| TOP PICK | 11.350 | John Stephenson | Has tremendous production. Has accelerated so much in the last little while. Currently doing about 14,000 barrels a day which could be 50,000 a day based on seismic data. | 2004-12-14 | |
| BUY on WEAKNESS | 10.220 | Mark Jackson, CFA | Majority of their drilling comes from Egypt. Looks like they have significant growth potential. The stock grew so rapidly, they took some profits. Would buy back in the $7/8 range. | 2004-12-07 | |
| BUY | 10.220 | Michael Smedley | Has production. Egypt seems to be their most important place. A good one for expansion. You should see it move to 18,000 barrels a day. | 2004-12-07 | |
| STRONG BUY | 10.050 | Hugh McCauley | Great opportunities in Egypt. There is some volatility downside risk, but feels they will find more and more oil in the next couple of years. | 2004-12-02 | |
| PAST TOP PICK | 10.700 | Michael Smedley | (A Top Pick Sept 22/04. Up 70%.) Still likes. | 2004-11-25 | |
| BUY | 10.200 | John Stephenson | Potentially an explosive opportunity. Has the potential to quadruple its oil production in the next few years. | 2004-11-24 | |
Experts that have talked about Centurion Energy International
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