DAY + Duvernay
Do the ‘Dew’vernay!
Big liquids. Big costs. Big payoff.
Going extreme for the emerging Duvernay players
Within our coverage universe, Talisman Energy (TLM CN) shows up as the most
leveraged Large Cap producer followed by Encana (ECA US). Among our high
yield/mid cap producers, we believe Athabasca (ATH CN), Daylight (DAY CN),
Celtic (CLT CN), Vero (VRO CN), Chinook (CKE CN), Bellatrix (BXE CN) and
Angle Energy (NGL CN) have the best exposure to the play. On the smaller cap
side, Delphi (DEE CN) has the highest leverage relative to its size, though we note
its lands are located in the unproven ‘oil window’ of the play. Outside our coverage
universe, we highlight Trilogy (TET CN), Mako Energy (MKE AU), Kilgore (KOG AU),
Sonde Resources (SOQ CN), Longview (LNV CN), Galleon (GO CN), Yoho (YO CN)
and Terra (TT CN).
https://docs.google.com/viewer?a=v&q=cache:2gqH7Q0X1sgJ:www.makoenergy.com.au/PDFs/Macquarie-Duvernay-Shales-Report.pdf+kaybob+bellatrix&hl=en&gl=ca&pid=bl&srcid=ADGEESgrSAwnLg0cpMO4vap1U51cNnBPyy2oqInfT2YOppbXN7zQjbWBMY_sOe6VIBUwunYBEPTp9C-JNw5cR0Htqa_9vUE81Tib1KAe5seLAYpW6jalUCryq2rI1RAqbFOs7ItQIX0D&sig=AHIEtbQXc54fCkFZ47lI6w_YPF8km8rGZw
Daylight Energy Trust (DAY.UN)
The 2011 Oil & Gas Conference
August 16, 2011 - 6:00 PM (Eastern)
https://www.vcall.com/console/ConsoleFrameset.asp?ID=165390&brand=vcall&ClickType=listen&playerID=1&urlID=166973&sessionID=A7A402CB9B5049CA&email=&tck=DAY.UN