Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Angle Energy Inc ANGZF



GREY:ANGZF - Post by User

Post by buyloweron Apr 21, 2011 11:05pm
485 Views
Post# 18473491

Stunning Results

Stunning Results Angle released its operations update this week.  The President (HCB) also presented at the CIBC Energy Conference ( see Angle website). Subsequently, I received several analyst reports confirming my outperform buy opinion on this company.

The analysts consensus agrees that Angle's Harmattan Mannville play is outstanding. The initial well result on this play is several times greater than expected ($34 million vs $6 million NAV). The two announced results are stellar.  Angle stated that another 10 wells is possible with similar results. HCB stated in the CIBC presentation that Mannville is "huge" and "stunning", ie. NGL content has significant butane and condensate (108% of WTI oil price)

The  PR also announced the results of the light oil Cardium oil wells. Positive results and details to be confirmed shortly. The YTD reserve estimates of Angle may be adjusted upward this qtr as a result of the Mannville play.  The 1st qtr financials in early May. I expect good numbers.

Anyone else has opinions.  Roadmap to a double?

<< Previous
Bullboard Posts
Next >>