| 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 | Joseph Schachter | 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 | Joseph Schachter | 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 | Peter Hodson | Growing their assets, their cash flow is going to kick in over the next few years. Great company. | 2008-03-17 | |
| BUY | 82.310 | Peter Hodson | 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 | Joseph Schachter | 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 | Joseph Schachter | 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 | Joseph Schachter | 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 | Michael Smedley | 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 | Chyanne Fickes | (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 | Joseph Schachter | (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 | Joseph Schachter | 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 | Chyanne Fickes | 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 | Veronika Hirsch | (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 | Chyanne Fickes | (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 | Veronika Hirsch | (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 | Chyanne Fickes | (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 | Chyanne Fickes | (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 | Peter Brieger | 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 | Peter Hodson | 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 | Veronika Hirsch | (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 | Chyanne Fickes | (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 | Brendan Kyne | 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 | Chyanne Fickes | (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 | Peter Hodson | 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 | Chyanne Fickes | 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 | Chyanne Fickes | 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 | Joseph Schachter | 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 | Chyanne Fickes | (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 | Veronika Hirsch | (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 | Michael Smedley | 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 | Chyanne Fickes | 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 | Michael Smedley | 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 | Peter Hodson | 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 | Veronika Hirsch | (A Top Pick Feb 16/06. Up 33%.) Believes that this company will probably be taken over. | 2006-06-01 | |
| BUY | 64.920 | Peter Hodson | 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 | Joseph Schachter | 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 | Peter Hodson | 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 Healey | 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 | Veronika Hirsch | 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 | Peter Hodson | 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 | Peter Brieger | 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 | Brendan Kyne | 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 | Peter Hodson | 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 | Peter Hodson | 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 Healey | Lots of upside for this stock. | 2005-10-13 | |
| BUY | 49.900 | Michael Smedley | 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 | Peter Brieger | 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 | Joseph Schachter | 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 | 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 | Brendan Kyne | 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 | Peter Hodson | 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 | Peter Brieger | 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 | Peter Hodson | 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 | Michael Smedley | 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 | Peter Brieger | Weakness gives a chance to buy. | 2005-06-29 | |
| BUY on WEAKNESS | 61.400 | Joseph Schachter | 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 | Joseph Schachter | Likes this stock. Has had very good success in Bangladesh. | 2005-06-10 | |
| BUY | 57.200 | Brendan Kyne | 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 | Peter Brieger | Demand for natural gas/energy in India is a growth story. As they continue to firm up reserves in India and Bangladesh it is going to be a great long term play. At a price where he might start testing the waters. | 2005-05-18 | |
| HOLD | 54.210 | Andrew McCreath | Got a little ahead of itself and reached the $70 area on enthusiasm of news items. Still feels they are going to be able to find and develop a lot more gas/oil in their regions. Appears expensive at this price, but future discoveries could create a lot more upside. Energy stocks are going to get a little challenged, so got out at a higher price. | 2005-05-04 | |
| WAIT | 55.100 | Gavin Graham | Got out of this one as they wanted to take out some of the more aggressive/economically sensitive plays. Good company. Has done really well and will continue to do so as long as oil/gas prices remain high. Hold off buying until the usual seasonal selloff is over. | 2005-04-26 | |
| BUY | 57.750 | Peter Hodson | Has dropped only because of a lot of noise on oil/gas commodities. Still likes. Bangladesh is looking better than ever. Buy for the long term. | 2005-04-07 | |
| BUY on WEAKNESS | 61.000 | Peter Brieger | A great long term play. Speculative at this time. Would buy on any pull backs. | 2005-04-05 | |
| DON'T BUY | 62.560 | Werner Muehelemann | Sold off in the last couple of days. Most of the international players are highly leveraged to oil prices. Multiples are pretty high. | 2005-03-23 | |
| DON'T BUY | 67.230 | Bill Harris | Has always been very expensive using current cash flow or any of the valuation methods. They have been very successful in hitting some of the largest finds on the planet. Stock now reflects this and to get a real boost from this company, they will have to go out and do it again. | 2005-03-21 | |
| DON'T BUY | 67.230 | Martin Hubbes, CFA | A very aggresive stock. Trading at a high valuation because of anticipation of a very high production increase. Fully valued. Expect high volatility. High risk. | 2005-03-21 | |
| BUY on WEAKNESS | 66.490 | Peter Brieger | Had to cut back production in Bangladesh because the Bangladeshis weren't paying their bills. Would buy on any 10% pullback. | 2005-03-14 | |
| SELL | 67.500 | Michael Smedley | Has done beautifully, and it's time to move on to a two dollar stock. | 2005-03-09 | |
| DON'T BUY | 67.850 | Fred Pynn | Excellent job in exploration. Price of oil dominating. | 2005-03-03 | |
| BUY | 65.040 | Peter Hodson | Liked, not fully valued, perfect RRSP stock | 2005-03-01 | |
| BUY | 61.000 | Andrew McCreath | Ultimately has the potential to go to $100. Excellent fundamentals. Have multiple projects in India and Bangladesh. Some very positive developments in Bangladesh. Several catalysts that could come out in the next several months. | 2005-02-18 | |
| BUY | 59.350 | Joseph Schachter | Trying to get in touch with management to get the play by play scenerio. Still on his recommended list, but has to go over his models again to set a target. | 2005-02-14 | |
| HOLD | 58.490 | Peter Brieger | Proving up more and more reserves in their properties in India and Bangladesh. A super story. Won't buy at this time, but there will be other opportunities. | 2005-02-11 | |
| WAIT | 56.600 | Peter Hodson | Everything's fine with this company and it continues to execute. There's changes in Bangladesh which fit them perfectly. A spectacular demand/supply scenario. Net Asset Value is probably in the $50 range. Let it settle and consolidate before buying. | 2005-02-07 | |
| BUY | 54.500 | Veronika Hirsch | Still hoping for an event. Companies operating in foreign lands have done unbelievably well. | 2005-01-28 | |
| HOLD | 53.450 | Bill Carrigan | The long term chart is very similar to most oil/gas producers with the breakout in 01 which was the perfect place to buy. Now building an exponential spike. Wouldn't buy in here. An upward trend line from Sept on shows a bounce. If it breaks down below, SELL. | 2005-01-26 | |
| BUY | 53.900 | Andrew McCreath | There are a tremendous number of potential catalysts over the next 6 months. | 2005-01-17 | |
| DON'T BUY | 53.800 | Fred Sturm | Has been a huge success, both from an operational standpoint and market standpoint. A little cautious on it at the current level. Expects oil/gas to recede this year, so have not been putting new money into the energy sector and will wait for a pullback before committing again. | 2005-01-14 | |
| HOLD | 51.700 | David Burrows | Fairly news driven because it is a mid-size company that's making finds. Likes the energy sector in general, but have scaled back their exposure by about 1/3. Continue to hold, but pick an exit point rather than trying to forecast where it's going. | 2005-01-12 | |
| BUY | 52.500 | Joseph Schachter | Loves the story. Wants to go through the details of their latest oil discovery. They have to go through the whole approval process with the government. The wells could be on in the latter part of 2005. Will probably have to raise his targets again. | 2005-01-11 | |
| HOLD | 50.990 | Glenn MacNeill, P.Eng. | Likes and feels it has some room to run. Getting expensive to buy. | 2004-12-29 | |
| BUY | 50.350 | Peter Hodson | Q: Centurion or Niko? A: A tough question. Both can double, but Centurion can double faster, but Niko is probably a little safer from a stock point of view. Centurion would be more volatile. | 2004-12-20 | |
| HOLD | 47.490 | Larry Berman CFA, CMT, CTA | A great uptrend. If you are a short term trader would be concerned if the stock broke below its trend line. A long term player would need to do some major technical damage below the trend line before the trend is broken. | 2004-12-15 | |
| HOLD | 47.490 | Robert Lyon | Has had a heck of a run. Have some phenominal deposits and there should be more to come. | 2004-12-15 | |
| WEAK BUY | 47.300 | Ross Healey | Not badly priced compared to its FMV and has some decent upside potential. Has pretty good support at a level where it has been all year. Not cheap. | 2004-12-01 | |
| BUY | 41.350 | Fred Pynn | The death of their president should not have a long term impact on the company. Have huge projects on the books. Outlook is very promising. | 2004-11-24 | |
Experts that have talked about Niko Resources
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