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Compiling comments that experts make about stocks while on public TV.

2012-09-19

Opinion for Painted Pony Petroleum (PPY-T)

Signal Price Bias Subject Owned
$10.130 BULLISH on ENERGY OIL & GAS Yes

A call on natural gas and West Coast LNG. This is the most likely take out candidate for 2013. Very much a one-year call. Expect there is a 50%-100% upside from today from $10. They were neighbouring Progress Energy that was taken out at a tremendous premium. There was a 2nd bidder so there is someone with $6 billion cash burning a hole in their pocket that needs feedstock for LNG. Baseline value for him is their 2 P reserve value (Proven + Probable), roughly $14.50.

Eric Nuttall
Portfolio Manager, Sprott Assett Management

2 Comments

Nanoose Bay

October 20th 2012 at 4:32pm

Any predictions how far this (and other LNG prospective takeouts) will plunge as a result of the PRQ/Petronas bombshell?

Ron

October 22nd 2012 at 6:43pm

Listen to comments by Wenran Jiang on BNN this afternoon, Oct 22 on Market Sense.


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