Oil Stocks: Frederick Kozak, Oil analyst, Haywood Securities
Frederick Kozak, senior oil analyst, Haywood Securities
On Oil Stocks
we're seeing impact on some of the stocks..it's serious..move away from sector..if you're investing the market, it's been alot harder..as far as the oil market goes we have entered into a different area, not say a new paradigm..as far as crude oil goes, if you look around the world, no new basins..yes, Canadian oil sands will be coming on but no new real basins in the world..
On Chevron's Find (NYSE:CVX)
one well does not make multi-billion field..it's in hostile territory, very expensive to bring on shore..
ALBERTA CLIPPER ENERGY (TSE:ACN): my top small cap pick..renaissance in finding new oil pools in Edmonton..they're 4 for 4 this year..extensive drilling program..increased land holdings by 700%..7 new exploration targets..company will spend $50million on drilling alone..when they come on stream, 500boe/well
FALCON OIL & GAS (CVE:FO): numbers are staggering..Central Europe ideal for them..amazing if it comes in but we still don't have that kind of information..still need to see test results
DELPHI ENERGY (TSE:DEE): 85% weighted to natural gas..spent $80 million first quarter alone..over-levered situation..knowing that..have hedged production..roughly 47% hedged >$9.00..takes some courage to buy it..have sector outperform $6.25 price
GALLEON ENERGY (TSE:GO.A): tiger of a field..they're on a tear..great exploration succes in Alberta..personally missed it
OILEXCO (TSE:OIL): my top big cap pick for 2006..45 days away from production..everything on development came on time, on budget..2007 looks better..great valuation
CULANE ENERGY (CVE:CLN): don't cover company but like the story..grassroots, re-exploration..catalyst is always drilling success
CANDAX ENERGY (TSE:CAX): it's one of the internationals..drilling of Tunisian oil field..production hopefully early new year..sitting on $58 million cash..looking for other Middle East opportunities
CYRIES ENERGY (TSE:CYS): it's about the people..management team have done phenomenal job of providing value for shareholders..
KERECO ENERGY LIMITED (TSE:KCO): merging up with CHAMAELO (TSE:CXN)..bigger is better..we had advised shareholders to tender shares..
PEERLESS ENERGY (TSE:PRY.A): great little management team..recently roughly doubled size of company..took over Valiant Energy..biggest thing 13 sections Sasketchewan, potential 8 wells per section..exposure to light oil and good valuation
On Oil Stocks
we're seeing impact on some of the stocks..it's serious..move away from sector..if you're investing the market, it's been alot harder..as far as the oil market goes we have entered into a different area, not say a new paradigm..as far as crude oil goes, if you look around the world, no new basins..yes, Canadian oil sands will be coming on but no new real basins in the world..
On Chevron's Find (NYSE:CVX)
one well does not make multi-billion field..it's in hostile territory, very expensive to bring on shore..
ALBERTA CLIPPER ENERGY (TSE:ACN): my top small cap pick..renaissance in finding new oil pools in Edmonton..they're 4 for 4 this year..extensive drilling program..increased land holdings by 700%..7 new exploration targets..company will spend $50million on drilling alone..when they come on stream, 500boe/well
FALCON OIL & GAS (CVE:FO): numbers are staggering..Central Europe ideal for them..amazing if it comes in but we still don't have that kind of information..still need to see test results
DELPHI ENERGY (TSE:DEE): 85% weighted to natural gas..spent $80 million first quarter alone..over-levered situation..knowing that..have hedged production..roughly 47% hedged >$9.00..takes some courage to buy it..have sector outperform $6.25 price
GALLEON ENERGY (TSE:GO.A): tiger of a field..they're on a tear..great exploration succes in Alberta..personally missed it
OILEXCO (TSE:OIL): my top big cap pick for 2006..45 days away from production..everything on development came on time, on budget..2007 looks better..great valuation
CULANE ENERGY (CVE:CLN): don't cover company but like the story..grassroots, re-exploration..catalyst is always drilling success
CANDAX ENERGY (TSE:CAX): it's one of the internationals..drilling of Tunisian oil field..production hopefully early new year..sitting on $58 million cash..looking for other Middle East opportunities
CYRIES ENERGY (TSE:CYS): it's about the people..management team have done phenomenal job of providing value for shareholders..
KERECO ENERGY LIMITED (TSE:KCO): merging up with CHAMAELO (TSE:CXN)..bigger is better..we had advised shareholders to tender shares..
PEERLESS ENERGY (TSE:PRY.A): great little management team..recently roughly doubled size of company..took over Valiant Energy..biggest thing 13 sections Sasketchewan, potential 8 wells per section..exposure to light oil and good valuation
posted by Spelunca at 2:20 PM
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