STOCKCHASE

Has been a fantastic story and exploration potential is still very good. Seems that international stocks want to do better than the Canadian story. Expects there is more to come.

2010-07-15

BUY

106.410

David Burrows

(Market Call Minute.) Likes gas and this is one you could take a look at.

2010-06-21

BUY

103.460

Jennifer Stevenson

Scares off retail investors because of price ($103). International play. Current big play is from India. Barely scratched the surface on drilling. Going forward she thinks they will have success.

2010-02-16

TOP PICK

98.950

Greg A. Taylor, CFA, BBA

Very good explorer. Has a partnership with Reliance Energy in India on the D-6 block, a massive field. Should start to generate about $7 in earnings next year in free cash flow.

2010-02-09

HOLD

107.500

John Stephenson

Internationally focused in offshore India. Also building a pretty big reserve base in Indonesia. A little stretched at this level.

2010-01-22

TOP PICK

90.560

There are a number of things they are going to drill on the upside. The big upside is that they are the operator of the play in Kurdistan. There will be a lot of cash flow coming out of India that they can then go and drill 7 or 8 high impact plays. If there is any success, then this stock goes higher.

2009-10-20

SPECULATIVE BUY

74.990

Bruce Campbell

An international oil play. Stands out a little for the high risk play. It is statistically cheap, is exposed to higher prices. There is a little more room for increase in the short term and then there are more projects for the long term.

2009-09-15

PAST TOP PICK

72.910

(A Top Pick July 25/08. Down 8.73%.) The D6 play in offshore India is on. Ramping up of the volumes will occur between now and the end of the year. Have a fixed contract for gas at $4.20. Look for an entry point anywhere below $70. (Doesn't own but has other relations with the firm.)

2009-08-21

BUY

73.350

Andrew McCreath

They have had disappointments in a couple of their explorations. Raise lots of money in 08 and starting to spend that money in Iraq and Indonesia. Won’t know for 12 months if any of those initiatives are worthwhile. Too early to judge. He likes it. Would be along term holder.

2009-08-18

BUY

77.920

John Stephenson

This is one of the juniors that you can play. Active in India and D6 is starting to produce for them.

2009-07-24

BUY

78.650

Oil/gas in India. Great exploration assets. It is expected to continue to outperform.

2009-07-17

PAST TOP PICK

77.950

Jennifer Stevenson

(A Top Pick June 19/08. Down 22.66%.) The catalyst for this was to get D6 into production, which has now happened.

2009-06-01

TOP PICK

62.190

Ramp up of production announced a while ago. Good price, sheltered from tax. Already working in projects in other countries. Major risk of getting project on line is over. Buy after a correction in oil prices.

2009-05-01

PAST TOP PICK

62.190

(Top Pick Apr 4/08 Down 25.44%) Is still a top pick.

2009-05-01

TOP PICK

63.000

(A Top Pick April 4/08. Down 22.4%.) Have a fabulous discovery on the east coast of India. Have brought it into production. D6 is going to ramp up to 300-400 million a day. Will be generating $400-$500 million of free cash flow. Have upside exploration potential in Madagascar, Pakistan, Kurdistan and Indonesia in 2010.

2009-04-06

BUY

45.040

John Stephenson

(Market Call Minute.) D6, which is their offshore block for India is really starting to come on line.

2009-03-06

Comment

49.260

Charles Oliver, HBSc CFA

Have a huge land package in India. Solid balance sheet. Have a lot of cash and a lot of cash flow. He is looking at this one.

2009-01-08

SHORT

47.250

Ken McCord

There are a lot other energy names out there. You need to go to quality and great trading characteristics in this market. The better names are the big integrated oils right now. He would go to Suncor (SU-T), Husky (HSE-T), Imperial Oil (IMO-T) or Petro Canada (PCA-T) right now.

2008-12-04

HOLD

47.840

(Market Call Minute.) Has great assets.

2008-11-21

PAST TOP PICK

50.340

(A Top Pick Sept 11/07. Down 43%.) Just reported and production was lower than he thought. Thought they would be ramping up the oil production 2 quarters ago but has been delayed to the end of the year. Very cheap at these levels.

2008-11-14

TOP PICK

65.100

Offshore India. Had a very big discovery with Reliant Energy (RRI-N). Ramping up their oil play from 4000 BOE's to about 40,000 over the next few months. Later this year they will bring on the gas of about 2.8 BCF growth, 280 million net to this company. Will also be drilling high impact plays offshore East Coast India.

2008-09-25

PAST TOP PICK

76.900

(A Top Pick Sept 11/07. Down 14%.) Very excited about their D6 coming on stream. Production will increase 4X and revenues will come 4X.

2008-08-26

BUY

76.900

In the next month or so they will be bringing on 4X their current production with Reliant Energy (RRI-N). Likes the upside that they still have on their natural gas exploration in India. Also offshore potential in Pakistan. Great portfolio of high impact plays.

2008-08-26

TOP PICK

80.500

Offshore East Coast India. Starting to ramp up production in September/October for the natural gas, which will quadruple their production. Going to go from 80 million a day to over 250 million in the next couple of quarters. Will also be bringing on an oil play and also doing some oil exploration.

2008-07-25

TOP PICK

99.390

Jennifer Stevenson

Have a few near-term catalysts. Focused in India. Coming up near term will be the new reserve report due next week. Also D6 block comes on production very shortly and when it hits full production in 6 or 8 months, it will double India's natural gas production.

2008-06-19

BUY

93.980

Will probably quadruple production in July and August. D6 is coming on stream. Oil play will be on in July. Large ramp up in natural gas.

2008-06-05

BUY

94.000

Glenn MacNeill, P.Eng.

(Market Call Minute.) Great gas production coming on in India and Bangladesh.

2008-05-16

BUY

85.510

Gavin Graham

Offshore India gas fields. Good growth prospects and is a counterbalance to some of the Canadian stocks.

2008-04-09

TOP PICK

83.210

East/West coasts of India. Joint venture with Reliance Industries on the east coast will be bringing on a gross 40,000 BOE's a day (4,000 to them) of oil at the end of Q2. At the end of Q3, they will be bringing on 2.8 BCF a day of gas, of which 280 million a day is theirs. Continuing to drill.

2008-04-04

BUY

85.820

Growing their assets, their cash flow is going to kick in over the next few years. Great company.

2008-03-17

BUY

82.310

Done some good things in India, went to Bangladesh and have now added some licenses in Pakistan. They are growing their assets, their cash flow is going to kick in very strongly over the next year or so. They have a great geological team. They've been slow and steady, no mistakes.

2008-03-17

BUY

88.250

Natural gas on India's east coast. Doing about 80 million a day and will be ramping it up to 280 when the D6 project comes on. Will gross 2.8 BCF a day and they have 10%. Real upside starts at the end of the 2nd quarter. Will also be bringing on oil at 40,000 BOE's a day and they have 10%. More exploration to be done in this area. Also got a deal in Pakistan.

2008-03-07

TOP PICK

82.830

Involved with Reliance Industries to bring on a play D-6 that will ramp up to 50,000 barrels a day and then will bring on about 2.5/2.6 of gas. When that comes on, it will be over 400 million a day equivalent and generating over $11 of cash flow. Use any weakness to Buy.

2008-01-24

BUY

84.680

In March/April they start bringing on the oil production in D6. Then in July/Aug they start bringing on the big natural gas pump up. Season going from 87 million a day to 400 million a day by March 09.

2007-12-19

BUY

88.290

Main assets are in India. Expecting it to stay as a $100 stock. There could be more weakness where you could buy it.

2007-12-12

PAST TOP PICK

97.450

(A Top Pick Nov 6/06. Up 39.9%.) Own a block in the Indian Sea and are currently negotiating the gas price. Could get a good price of $4.20 BTU. Starting new drilling in which they have 100% interest. Still a Buy.

2007-10-01

TOP PICK

90.590

(A Top Pick Sept 29/06. Up 35.7%.) D6, located offshore East Coast India has been a big success. Will bring on the oil portion in March. Gas will come on July-August increasing production 4X today's.

2007-09-11

TOP PICK

82.500

In the last month, with the bad monsoon season, plus the poor stock market, the stock has been hit hard. Likes that they are part of a project with Reliance, the largest company in India, on the east coast of India. We'll be coming on production next year with 2.4 billion ft.³ a day. Largest natural gas project anywhere in the world.

2007-08-17

TOP PICK

95.490

Have had some excellent results in terms of exploration. The more holes they drill and the more success they have, the higher the value of the company becomes.

2007-08-02

PAST TOP PICK

94.950

(A Top Pick Aug 29/06. Up 50.7%.) Still likes. Have made announcements on further acquisition of land for expiration.

2007-08-01

TOP PICK

98.580

(A Top Pick July 4/06. Up 55.6%.) Every time they drill in the D6 block the NAV goes up. Expect at some time this will be a takeout.

2007-07-05

BUY

94.550

David Burrows

It's a more aggressive international name. In a bull market, the first stock to double is likely to be the first stock to double again. Always go to the strength, don't chase the laggards. This is a stock that has performed well against a tough sector, so these are the stocks you want to focus on.

2007-05-16

PAST TOP PICK

85.000

(A Top Pick Aug 29/06. Up 35.6%.) There are rumours that it could be a takeover. Still likes.

2007-04-18

TOP PICK

84.750

(A Top Pick Nov 6/06. Up 22.3%.) A classic takeout play. Have asset rich gas prospecting plays in India.

2007-04-17

TOP PICK

79.500

(A Top Pick July 4/06. Up 25.7%.) Indian gas play with enormous potential. India is starving for energy. D6 play will be coming into production in about 6 months. Will eventually be a takeout. Trading at a very deep discount to its NAV.

2007-03-12

Comment

82.680

Brian Acker, CA

There are no earnings on this one as yet, so it is difficult for him to make an assessment. His model price is $11.47.

2007-03-09

SELL

85.890

A terrific story. Mainly natural gas offshore India. Had some difficulties off of Bangladesh. Once the further reserves have been proved up, he is concerned as to how much the governments will allow them to keep. Would recommend taking profits.

2007-02-19

BUY

85.890

Every day that goes by is a day closer when they get the big cash flow out of India. Well managed. All set for their next drilling program.

2007-02-19

PAST TOP PICK

89.000

(A Top Pick Aug 29/06. Up 41%.) Have had some fantastic finds and there is also the possibility that it will be acquired.

2007-02-07

TOP PICK

89.850

(A Top Pick Oct 2/06. Up 33.4%.) Have great assets in India and great potential. An obvious takeout candidate for an Indian company.

2007-02-06

BUY

87.610

Have an enormous oil/gas project off the west coast of India. Will continue to rapidly expand its production profile. An acquisition candidate.

2007-01-29

TOP PICK

80.900

(A Top Pick July 4/06. Up 27.9%.) 2 very big plays in India with big potential. Will probably need some financing at some point. Will probably be taken out at some point.

2006-12-18

BUY

76.510

Likes the company. The B6 well is getting bigger and better. Getting closer to cash flow. In three years, they will be awash in cash flow.

2006-11-20

TOP PICK

69.480

India is a very safe place to be. Has natural gas, which India definitely needs. As a partnership with Reliant and they would be an obvious choice as a buyer.

2006-11-06

TOP PICK

66.850

Up 20% over the past year.They have a great asset plan. It was a past pick as well. She has owned for a couple of years. Over $70 she trades it, under $60, she buys it. (Doesn't own presently).

2006-10-02

TOP PICK

66.500

He does not own this stock but he is looking to buy. Company has had a massive discovery with partner Alliance. Three deep rigs off shore. Predicts a $80.00 target.

2006-09-29

PAST TOP PICK

63.240

(A Top Pick July4/06. No change.) Feels the company will be taken out in the next 2 years. Feels quite comfortable with India on geopolitical terms. Would continue to buy.

2006-08-31

TOP PICK

62.940

(A Top Pick Jun 1/06. Down 9.8%.) Picked it as a takeover target. No exposure to the volatility of oil/gas as their prices are locked in.

2006-08-29

BUY

59.110

Huge finds. Also fond oil in addition to their gas. It will continue to prosper and will probably get taken out.

2006-08-24

BUY

64.390

Fred Pynn

A bet on their continuation of continuing to discover very large natural gas formations in India and Bangladesh. Management historically has done a great job. Could be a takeout.

2006-07-26

BUY

63.050

Glenn MacNeill, P.Eng.

Its main assets are gas reserves in Bangladesh and India. Expect their will be an ever increasing market.

2006-07-19

TOP PICK

63.250

An Indian/Bangladesh gas play. Recently had a discovery that doubled their probable reserves. Could quadruple their production in the next couple of years. Probably a take-out target at some point.

2006-07-04

HOLD

59.990

Outlook for them is very strong. The stock has done extremely well during the downturn of the market. Quite high for the short-term. Probably a takeout eventually.

2006-06-22

BUY

65.950

There are still rumours that they have discovered oil beneath the gas. Good company, with a great management team. Good long-term. Slow and steady. When they start hitting cash flow, that's when the stock will go up.

2006-06-06

TOP PICK

65.380

(A Top Pick Feb 16/06. Up 33%.) Believes that this company will probably be taken over.

2006-06-01

BUY

64.920

There are rumours that they have found 500 million barrels of oil under the gas. Good company.

2006-04-20

BUY on WEAKNESS

58.410

Likes the story a lot. In the 4th quarter, they are getting 2 deep rigs to chase down the opportunities in the deeper sections of those waters. Buy in the low $50’s.

2006-04-12

BUY

60.500

Shauna Sexsmith

Has some fabulous resource plays. LNG is not a big issue as they can supply directly to the local markets of India and Bangladesh. Expect it will get taken out at some point.

2006-03-28

BUY

59.000

Not expecting any takeover. Have had some great gas discoveries and possibly some oil as well. Good management team and great assets. Very good long-term hold.

2006-03-27

Comment

58.580

Ross Healy

Niko's fair market value is $30.00. It is trading 5 times the book value. Does not seem to be an interesting company to be taken over.

2006-03-16

TOP PICK

50.200

Sticking her neck out on this one. They have a couple of disputes in Bangladesh which has resulted in lower production. Growing their production nicely, but they overpromise and underdeliver and the market punishes them for that. She hopes that the price they get for their Indian production will be good and that they get taken over at higher than $50.

2006-02-16

HOLD

56.900

Thinks there is something going on with this company. They had a soft approach for a takeover and the company said it wasn't a big enough premium. Knowing the company, he was shocked that it might be up for sale. They have a great asset.

2006-02-01

BUY

55.730

Thinks it will get taken out sometime in 2006 by the Chinese (or a subsidiary of that government) or an Indian company. A speculation.

2005-12-28

BUY

59.850

Really likes this one because it has large gas on the west coast of India that would be directly utilized by the industrial infrastructure. Wouldn’t be surprised if it gets taken over.

2005-12-14

Comment

53.620

Gavin Graham

A gas play in an exciting part of the world that is not always a good thing. There could be a bidding war between India and China. They will continue to find more gas. Very prospective. On a long term basis, you have India and Bangladesh, you have political risks and you have got whatever the gas is worth.

2005-12-05

DON'T BUY

44.290

Brian Acker, CA

The price is at his model price now. Finding huge value elsewhere.

2005-11-23

BUY

43.000

One change on this and that is the valuation for Bangladesh is being met with scepticism in the market. Could be at its bottom and you could see it work its way back form here. A good long term play.

2005-11-17

BUY

40.650

Mark Jackson, CFA

The international oils have all been under significant pressure over the last while. It's due to a couple of things. 1) The international risk, although this company has done fairly well there and 2) the leverage to oil price. If you think the oil will move up again, it will be a good one to own.

2005-11-15

BUY

44.800

Still likes this company. It is cheap here, but the market has sort of gone away from some of the internationals. The market's worried about their Bangladesh exposure. Price is a pretty good level entry point, but you will have to be patient. Well managed.

2005-11-03

DON'T BUY

45.880

David Burrows

He is always cautious on a stock that has positive spin and poorly performing share price. There's obviously some political risk. A tough sector to be adding to.

2005-10-26

BUY

46.000

Ross Healy

Lots of upside for this stock.

2005-10-13

BUY

49.900

Has hit a bit of a quiet period at the moment. Has fabulous assets. It should go up another $20 at some point.

2005-10-11

BUY

52.250

Has come off. Likes what they are doing in offshore and onshore India and Bangladesh. Will probably get taken out by the Indians or Chinese. Good buy for the short term.

2005-10-04

BUY

49.490

The key issue is the Chattak issue which is causing some destabilization. The reality is that the company is a multi-billion dollar company. Believes they will have success in Bangladesh. The key play is offshore India. Likes the price at this point.

2005-09-26

BUY

53.600

Wilf Gobert

One of the great Canadian international success stories. Feels the lawsuit in Bangladesh is frivolous and will go away. Bangladesh is a small part of their operations. Stock dropping is a buying opportunity. India natural gas is about half the price of US.

2005-09-14

WEAK BUY

53.250

Bill Harris, CFA

Things are going extremely well there short term. Extremely positive on the long term outlook. The trouble is that it is such a big stock they have to keep on repeating fantastic exploration results.

2005-09-13

BUY

56.500

A raging bull on natural gas. India and China's demand for it is surging. As a long term play it looks attractive.

2005-08-30

BUY

55.620

There are a couple of things that are short term concerns. Bangladesh has created some concerns and there is some talk in the press about them losing that asset. Doesn't think that will happen, but it has taken the glow off the stock. Very viable at this price.

2005-08-23

WEAK BUY

51.050

Stock has been hit very badly because the Bangladesh government is holding them responsible for the fire at one of the wells. You wonder if this could be a similar problem as Petrokazakstan (PKZ-T) with the government trying to shake out ownership into Bangladesh or far eastern hands. Speculative.

2005-08-17

BUY

57.400

Martin Hubbes, CFA

A little more speculative than what he likes. Sitting on a mammoth potential, but not producing as yet. If you're bullish on oil and gas long term, then it's a buy. You may have to wait for production to catch up with the share price.

2005-08-02

BUY

55.600

Moving off of D6 and going further off shore. The new seismic is stunning and looks bigger than their last discovery. A very big area.

2005-07-26

HOLD

56.400

There should be more upside. Is into huge discoveries with the giant Reliance, the Indian company. If you've done well and are looking to go into a similar speculative one, you might consider GeoGlobal (GGR-A).

2005-07-20

BUY

57.700

Weakness gives a chance to buy.

2005-06-29

BUY on WEAKNESS

61.400

Will be reporting their 4th quarter results shortly. Will be increasing their production in both India and Bangladesh. Have some fabulous discoveries where there are some big reserves. Feels the value of the company is about $80. In the next 2 years could be vulnerable to a takeover and could be worth over $100. Try to buy in the mid $50's.

2005-06-20

BUY

58.950

Likes this stock. Has had very good success in Bangladesh.

2005-06-10

BUY

57.200

Its operations are in the center of the apex where a lot of international growth is going on. Pulled back and consolidated and now looks like it is starting to recover.

2005-05-31

BUY

53.620