| DON'T BUY | 12.600 | Glenn MacNeill, P.Eng. | Last 6 months they have had some management changes that he feels are positive. Very high quality slate of drilling prospects. Will be heavily penalized by the royalty changes in Alberta. A “wait and see” stock at the moment. | 2008-07-18 | |
| TOP PICK | 14.100 | Joanne A. Hruska, CFA | Well-regarded management, starting to turn the story around. Multiples are unbelievably low. Catalyst is new management. | 2008-06-23 | |
| BUY | 13.080 | Jennifer Stevenson | Just came out with their Q1 and shot the lights out. Probably the cheapest 20,000 barrels of oil a day you are going to find. Part of the overhang has been that they went in for quite some time without a president. Also went through period where it was difficult for them to get licenses, as most of the oil they produce is sour. Trading at 2.5X cash flow. | 2008-05-13 | |
| HOLD | 10.220 | Joanne A. Hruska, CFA | Penalized really hard with the Alberta royalty review. Recent changes will not affect them. She can calculate an NAV that is a little higher than today's price. Initial indications on the new president is that he is strong. If they can keep production levels up in Q2 there might be renewed interest in the company. Small to medium chance of a bounce. | 2008-04-14 | |
| PAST TOP PICK | 11.700 | Glenn MacNeill, P.Eng. | (A Top Pick Apr 4/07. Down 14%.) Has a complexity of high-volume oil wells and the Alberta government changed the royalties by as much as 50%. Many of their locations became uncompetitive. Had some positive management changes. Treat as a Hold. It could get better. Wait for the government’s review. | 2008-03-07 | |
| TOP PICK | 11.720 | Joanne A. Hruska, CFA | 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. Trades at less than 3X price to cash flow and less than 1X debt to cash flow, which is cheap. Had some booming wells in 2006/2007. New management is well regarded. | 2008-02-22 | |
| BUY | 8.140 | Joanne A. Hruska, CFA | Was decimated because of the Alberta royalty review. The stock price more than reflects the amount they are going to be able to invest next year as the cash flow will not be as great. Because it has come off so much, she would buy at these levels. | 2007-12-05 | |
| BUY on WEAKNESS | 13.030 | Jennifer Stevenson | Currently does not have a CEO. Have a very good oil play in the Leduc. | 2007-08-01 | |
| WEAK BUY | 15.890 | John Stephenson | Gas will outperform. But long term oil will be stronger.
Would recommend ddv-t over this.
| 2007-06-06 | |
| BUY | 13.200 | John Stephenson | A good level to buy. Light oil focused. | 2007-04-30 | |
| TOP PICK | 13.730 | Glenn MacNeill, P.Eng. | Dominates West Pembina area. Very complicated reservoirs plus sour gas, which needs approvals from landholders. Good drilling prospects ahead of them. Expect production to go from under 12,000 barrels a day last year, to 21,000 this year and 26,500 next year. Undervalued. | 2007-04-04 | |
| HOLD | 12.080 | David Cockfield | They are in the Nisku play that is very tricky. Scattered pockets of oil that the majors missed. Just had to shut in more production. A populated area, so if you leak sulfurous stuff, you're in deep trouble. Have the assets and some great drilling prospects. | 2007-03-15 | |
| BUY | 16.380 | Glenn MacNeill, P.Eng. | Relatively undervalued. Drilling in the West Pembina area, which are very prolific wells which has pushed their production up dramatically. The wells are sour, so they have to be very careful. High-risk/high reward. Very good value. | 2007-02-16 | |
| BUY | 15.720 | Peter Brieger | One of the cheapest in the intermediate oil/gas space. Prefers Rider Resources (RRZ-T), which is cheaper on a price to cash flow basis. | 2007-01-15 | |
| HOLD | 15.750 | David Cockfield | Have continued to have problems. Gas has sulphur content in it. Missed their production objectives again. Drilling into complex structures. Light oil. Has the potential. | 2006-12-07 | |
| PAST TOP PICK | 16.390 | Glenn MacNeill, P.Eng. | (A Top Pick Oct 20/05. Down 21.2%.) Has been a disappointment, but still has high hopes for it, Has a great slate of drilling prospects. Recommended Buy. | 2006-11-10 | |
| BUY | 16.760 | David Cockfield | Have some excellent prospects to drill. Has a lot of potential. | 2006-10-05 | |
| PAST TOP PICK | 17.740 | Glenn MacNeill, P.Eng. | (A Top Pick Oct 20/05. Down 18.6%.) Have a great slate of prospects in front of them. Have had trouble getting drilling done on time because of safety concerns. Excellent wells that they are drilling. | 2006-09-08 | |
| BUY | 18.150 | Glenn MacNeill, P.Eng. | One of his favourites. Made a discovery of some deep reserves in the West Pemina area. They control a lot of the land in that area. Have a large number of drilling locations. The wells are producing big volumes. High growth potential. Expensive, but you have to pay for the growth. | 2006-08-23 | |
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| PAST TOP PICK | 19.900 | Glenn MacNeill, P.Eng. | (A Top Pick Apr 13/06. Down 16%.) Has a lot of oil drilling prospects in the West Pembina area. Recently merged with Kick Energy that gives them a good slate of properties. One of the big concerns is that they continue to have trouble getting drilling licences. Still likes. | 2006-06-16 | |
| BUY | 18.100 | John Stephenson | Oil levered. | 2006-05-19 | |
| HOLD | 19.180 | David Cockfield | Have some huge opportunities in drilling. Recent stock price weakness has been a disappointment. Permitting, which has been going on for months and months, has slowed them down. Ran into some sulphur type problems. Will give them another 6 weeks before selling.Have some huge opportunities in drilling. Recent stock price weakness has been a disappointment. Permitting, which has been going on for months and months, has slowed them down. Ran into some sulphur type problems. Will give them another 6 weeks before selling. | 2006-05-15 | |
| TOP PICK | 23.250 | Glenn MacNeill, P.Eng. | Higher risk/higher reward. Disappointed and lust in the 4th quarter when it wasn't able to reach the production numbers that was expected. Drilling in a tricky area that has sour gas. Geologically it is very exciting. | 2006-04-13 | |
| BUY | 22.400 | John Stephenson | It has a great light oil leverage. Clean balance sheet. Expect to see gas prices considerably higher year or two out. | 2006-03-22 | |
| BUY | 23.160 | Michael Smedley | In the the Nisku layer in the Pembina area. It is capable of running well from here. | 2006-01-19 | |
| DON'T BUY | 20.700 | David Cockfield | Was surprised when it dropped after making their acquisition. The problem is, they are in to the Pembina Misku play and they haven't handled their drilling of sulphurous oil. They are not getting licensing | 2005-12-30 | |
| TOP PICK | 22.300 | John Stephenson | Has 200,000 net acres. It's expanding its production by about 120% next year which is considerably higher than any of its peers. Relatively cheap. 70% weighted to light oil. | 2005-12-01 | |
| BUY | 22.000 | Glenn MacNeill, P.Eng. | Has a huge slate of about 60 drilling prospects. They need all their cash flow in order to drill all those wells, so don't expect they will be trusting any time in the near furture. If they get a hit, the wells are very prolific. | 2005-11-30 | |
| BUY | 21.490 | Peter Hodson | Good management. Made a recent acquisition which consolidated its area play. Not the cheapest stock around, but it's been public for less than a year. Have to give a little bit more time. | 2005-11-03 | |
| TOP PICK | 20.750 | Glenn MacNeill, P.Eng. | Have a great portfolio of drilling prospects in front of them where they can materially increase their production over the next year. Have a large acreage position in a very hot play in Alberta called the West Pembina Nisku area. | 2005-10-20 | |
| BUY | 22.250 | David Cockfield | Hasn't done that badly. Had some licensing problems in their Nisku play. Have some very good properties. | 2005-10-12 | |
| BUY | 21.700 | Glenn MacNeill, P.Eng. | 60 drilling locations. If successful in them the company will grow quickly. Excellent slate of exploration prospects ahead of them. | 2005-09-02 | |
| TOP PICK | 22.700 | Glenn MacNeill, P.Eng. | Has a great land slate. A number of drilling locations in a very hot area. Have about 60 locations. Expecting great growth. | 2005-08-15 | |
| BUY | 21.100 | David Cockfield | The combination of this company and Vaquero in the Pembina area are very positive. Thinks it will do well. | 2005-07-28 | |
| TOP PICK | 19.280 | Glenn MacNeill, P.Eng. | The best slate of drilling prospects in front of them than he's seen in a long time. Have 60 locations that look very interesting. Some wells that they have already hit tend to be very prolific. | 2005-06-07 | |
| BUY | 19.690 | Michael Smedley | Not many shares out. Just merged with Vaquero which has very important assets along side this company. Well worth watching. | 2005-04-06 | |
| BUY | 16.480 | David Cockfield | This one will be okay. It's just taking a little time. Relatively low cost. | 2004-01-29 | |
Experts that have talked about Highpine Oil & Gas
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