The McMahon natural gas processing plant in Taylor, British Columbia, Canada. on (Photo credit: Wikipedia)
Note the update on the AMP Pick DeeThree
AND a prediction of $ 1.00 Nat gas pricing this summer-
April 3
Keith Schaefer of the Oil and Gas Investments Bulletin
Poseidon Concepts (PSN)
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.
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 (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 – Cannacord Analyst National Oil and Gas players because natural gas price 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 .
