2012-05-16
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| BUY | $2.300 | CAUTIOUSLY OPTIMISTIC | OIL & GAS | Yes |
This is a poster boy for what people do not want. They do not want oil leverage or small cap stocks. Put out a good quarter. Will likely have an operation update where they are sitting on a couple of wells. Balance sheet is extraordinarily clean. Even if oil prices continue to fall, they have a strong balance sheet to grow meaningful production and are sitting on 2 incredible assets. Potentially it gets over $6 if you look at their 2 main plays. Highly profitable.
Eric Nuttall
Portfolio Manager,
Sprott Assett Management
November 3rd 2012 at 4:05am
Flip flopper. Wrong again.
You must be logged in to comment.