NAL Energy Corporation T.NAE

BNN

[strapper]

MR. Breiger thinks the dividend will be cut slightlly and that is priced in.  He think they will be taken over.  I ok with that.

[Al42]

I try not to listen to what Breiger has to say...actually I turn the channel! He is generally wrong and gives allot of bad and not up to date information. He is also very good at talking up his own book. Example, he says NAE is too small for him at 40000 BOE, well they are only producing 30000 BOE and he was a very strong supporter of Daylight who are producing about 10% more but not as much oil

[strapper]

Jees you did really good for someone who changed the channel. I wouldn't like to see if you actually watched it.

[Al42]

Nope, just read what he said on Stockchase. That was enough for me.But I have seen him before on BNN talking about Daylight and PBN.

[Al42]

And I think I would have to believe what management has said in their last corporate presentation back in November.https://www.nalenergy.com/files/Corporate_Presentation_November_2011_4.pdf •Increasing demand for yield•Dividend payout model fits the WCSB asset base•Payout ratio 40 – 50% of cash flowQ3/11Q2/11% ChangeProduction (boe/d)28,75226,7587.5Funds from operations ($MM)164.860.47

[Kherson]

Peter Breiger was right on the money on Daylight. He said that they were a good company. Sinopec must have felt the same way...Kherson

[Al42]

Well I wouldn't say he was right on the money...he was one of the people talking about a dividend cut!!BUY 4.580 Peter Brieger Taking the past peak price of oil, $40 in 1980, and inflating it at 2.5%, you would have a price of $88. Feels that oil is undervalued. Daylight is doing all the right things fundamentally, however the complaint is too much debt relative to the amount it wants to spend

[themangokid]

Peter Brieger is alright.  He liked Nae before.  He said repeatedly he still thinks nae is a good little company.  Relative to its shareprice he said a divy cut shouldn't materially affect the stock.  I found it really interesting that Mr Brieger made it a point to say "these smaller companies will either merge or get taken out".  I'm not saying this is