Comments from Cambridge House Conf. These are serious picks . Note what these guys are picking and buying for their Mothers.
NAME PICK FOR MOM PICK FOR DAVE COMMENTS:
Marin Katusa
(Casey Research) Currently Restricted PRD Energy Marin Katusa of Casey Research picks a stock that is
currently in registration, but it is in the oil Service sector,
which has been beaten up...mainly because of what’s
happened in natural gas prices and how it has affected
drilling in that sector. He figures the sector is due for a
bounce. For his pick for me, PRD Energy (PRD) is the
Mike Greenwood company that has amassed a large land
position for shale exploration in Germany. Marin a fan of
the amount of money they have in the bank and has been
following shale plays in Europe closely and figures it
has a good chance.
Keith Schaefer
(Oil & Gas Investments) Poseidon Concepts DeeThree Expl. Keith Schaefer of the Oil and Gas Investments Bulletin
picks Poseidon Concepts (PSN) for his mother. The PSN
people have a unique product with huge margins
and a very nice paying dividend that has been affected by
general market conditions of late, and Keith can see
higher prices down the road. For me his pick of
DeeThree (DTX) has come up with a potentially an amazing
Bakken sweet spot and we notice other analysts such
as Kevin Shaw raising their targets on DTX rather
dramatically. Shaw mentions Bakken and Belly River
horizontal programs could add 500 barrels per day per
month and ramp DTX down the road to as much as 8000
barrels a day.
Jim Letourneau
(Big Picture Speculator) Wavefront Tech. Shoal Point For his mother, Jim goes with Wavefront (WEE ) and its
pulse technologies for the oil and gas sector. Jim has
been a big believer in this story for a long time, but they
still seem to deliver only small contracts here and there.
Jim (like ourselves) is a big believer for the potential of
Shoal Point’s play in Newfoundland that some people
suggest could be in the tens of billions of barrels...if not
more.
Fred Kozak TransGlobe Energy Argosy Energy Fred is a big believer that the time has come for the Inter -
Analyst national Oil and Gas players because natural gas prices
Canaccord offshore are so much better and so many of the internationals
trade at big discounts. He has been a big believer
in TransGlobe Energy (TGL) for a long time as their production
in Egypt continues to soar. He is gung-ho on
this story, he suggests he wouldn’t buy it just for his
mother, but his Grandma as well. Fred is very concerned
about natural gas in Alberta and says the sector is
“@#$%” and suggests we could see as low as $1.00 an
mcf this coming summer. But still when we ask him to
pick a high risk/high reward play he does stay in Western
Canada with Argosy Energy (GSY) - Peter Salamon’s
company for their potential on the Bakken play.
At the Cambridge