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Pinecrest Energy

Stock Symbol: PRY-X

Last Price Recorded: 0.8300 on 2013-05-22 01:15:06

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Date Signal Expert Opinion Price
2013-05-21 WEAK BUY Mason Granger

Pretty concentrated asset base, winter access only.  Fought against fairly high decline rates.  They are still trying to institute the water flood and we are starting to see some positive results.  At the end of the day he expects it to work.

 Price:
$0.830
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
No
2013-04-16 STRONG BUY Bill Bonner

This name got clobbered. He quite likes them. There was a failed merger with Spartan and this company got a $12-$14 million kiss goodbye. Have phenomenal upside in water flood projects across their asset base. Also, on the projects they are implementing, they are finding that the turnaround time from implementing the flood to actually getting production responses, is measured in days, not in months or years. Exceptional value.

 Price:
$1.030
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Yes
2013-02-11 COMMENT Eric Nuttall

(Market Call Minute.) Been a bit of a disaster. Started buying for the 1st time at about $1.10. Very cheap on a reserve value on production basis. May miss their Q but thinks the stock is pretty bombed out.

 Price:
$1.140
Subject:
OIL & GAS
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-01-09 DON'T BUY Eric Nuttall

Acquisition fell through but they gained $12 million in cash. The challenge is that they are a single asset company that is reliant on a fairly short drilling time. They are going to be entering into breakup in about 3 months. The stock is in freefall and is now in the value territory. The challenge with a cheap stock is that it can always become cheaper.

 Price:
$1.440
Subject:
OIL & GAS
Bias:
DEFENSIVE
Owned:
Unknown
2012-12-28 BUY Michael Giordano

Excellent entry point. Slave Lake area. Light oil and producing about 4000 barrels a day, but more importantly they were about to merge with Spartan Oil (STO-T) before Bonterra (BNE-T) took out Spartan so they were able to pocket a nice break fee of about $15 million. Could easily see it at $2 in 12 months.

 Price:
$1.490
Subject:
RESOURCE
Bias:
BULLISH on RESOURCES
Owned:
Yes
2012-12-10 BUY John Stephenson

(Market Call Minute)

 Price:
$1.620
Subject:
OIL & GAS
Bias:
SELECTIVE
Owned:
Yes
2012-11-12 DON'T BUY Eric Nuttall

(Market Call Minute) Wait for quarter to come out.  Expects it to be pretty bad.  Invest in other names.

 Price:
$1.830
Subject:
OIL & GAS
Bias:
SELECTIVE
Owned:
No
2012-09-19 PAST TOP PICK Eric Nuttall

(A Top Pick Oct 13/11. Down 5.2%.) Had weak results earlier this year but still have a concentrated play in one of the most highly economic oil plays in Canada. Looking for 40% production growth next year. Trading at it discount multiple because of the small cap stock at about 4.2 times.

 Price:
$1.810
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Yes
2012-08-03 BUY Michael Giordano

Likes it.  Most prolific wells in western Canada.  1500 barrels per day light oil.  Buy half now and half later.

 Price:
$1.860
Subject:
RESOURCE
Bias:
BULLISH on NATURAL GAS
Owned:
Unknown
2012-07-16 COMMENT Eric Nuttall This one has been absolutely hammered. There is a perceived view that small caps are riskier. In the case of this company, they have the highest net backs (highest margins) of any Canadian oil company. Extraordinarily clean balance sheet. Can survive any low oil prices and will do well when oil improves. When they report, it probably won't be the greatest quarter but after that he would consider buying.
 Price:
$1.660
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
Yes
2012-05-16 BUY on WEAKNESS Eric Nuttall Likes the Slave Point play, which is one of the most economic oil plays in Canada. This company has been doing a very good job of delineating the asset. Has and will be demonstrating that water flooding is very appropriate. Yesterday's quarter was mildly disappointing in that they spent a lot of money but showed flat production. Would pick away at this below $2.
 Price:
$1.960
Subject:
OIL & GAS
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2012-03-19 BUY Eric Nuttall (Market Call Minute) Reporting Wednesday. He is looking for huge growth in reserves.
 Price:
$3.160
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
Unknown
2011-10-13 TOP PICK Eric Nuttall Did a $40 million financing at $2.40 in August. A pure play on the Slave Point in Alberta, which is hugely economic. Will be applying water flood to the play which could add a lot more value. Good balance sheet.
 Price:
$1.920
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Yes
2011-09-12 DON'T BUY Robert Lauzon He has some companies in the same group. One is his top pick. Some interesting prospects in the red earth area. He is looking at other names at present.
 Price:
$2.250
Subject:
ENERGY
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
Showing 1 to 14 of 14 entries

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