Tuesday, May 20, 2008 5:20:57 PM
Accrete Energy,, GZ.to,, ACEYF.pk
VMC Pick Six Lotto 9
Shares outstanding as at September 15, 2007:
Basic - 16,497,902
Diluted - 18,127,747
Share ownership:
Management / Insiders - 26.7%
Accrete Energy, Inc., a junior oil and gas company, engages in the exploitation and production of petroleum and natural gas in Alberta, Canada.
It owns interest in the Harmattan property comprising two cardium oil wells and 256 hectares of land located 90 kilometers northwest of Calgary;
an 80% working interest in the Edson property, which consists of two gas wells situated 190 kilometers west of Edmonton;
a 100% interest in the Claresholm property consisting two multi-zone gas wells in Calgary; the Saxon property comprising one multi zone gas well located 125 kilometers southeast of Grande Prairie;
and the Pouce Coupe property, which consists of three gas wells located 100 kilometers northwest of Grande Prairie.
As of December 31, 2006, the company had total proved and probable reserves of approximately 645 thousand barrels of light and medium oil; 26.21 billion cubic feet of gas; and 2,302 thousand barrels of natural gas liquids. Accrete Energy was founded in 2004 and is headquartered in Calgary, Canada.
Home Page...http://www.accrete-energy.com/mandir.htm
Press Releases: http://www.accrete-energy.com/news.htm
Stockhouse Message board:
http://www.stockchase.com/Company-sl--slq-ID-slv-Accrete--Energy--Inc..php
Accrete Energy (GZ.TO).
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Posted by: nutsaboutgolf2001
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In reply to: None Date:2/22/2008 11:55:42 AM
Post #of 2038
GZ.TO Over the last week or so I’ve been accumulating Accrete Energy (GZ.TO). They have a very good presentation on their website at www.accrete-energy.com. The key points:
1.They have been able to grow production from a 1,000 BOE/d to 3,654 BOE/d over the past three years.
2.Cash flow per share for 2007 is estimated by company at $1.39 with 0.42 of that occurring in the forth quarter. I’d guesstimate that they will show earnings of 35 cents for the full year with again a very solid 4th quarter.
3.Proven reserves amount to 0.70 of a barrel of oil equivalent per share. At $50 a barrel, that’s an amazing $35 per share (in situ).
4.NAV is $8.52.
5. Reserves are 36 % oil and natural gas liquids and 64 % gas.
6. Latest finding and on stream costs are $11.53 per boe (Q3 2007). Amazingly low and results in low depreciation and depletion costs and thus quite profitable operations even at low natural gas prices.
7. Operating costs are also very low ($5.49 per boe for 2006).
8. They had a funds flow from operations in the latest quarter of 33 cents per share with earnings of 4 cents per share during which time the AECO average price for Canadian natural gas was an incredibly low $4.93 per GJ. It is currently at $7.73 and averaged $5.81 over the 4th quarter. So first quarter cash flows and earnings should be great.
9. Joseph S. has recommended this stock last month, at that time natural gas prices were a lot lower.
10.Technically GZ has broken it's downtrend and is in the bottoming process; looks poised for a major upswing on good earnings or a recommendation from JS, next time he appears on BNN.
10. At $4.70, GZ’s share price is less than half of what it was in the Fall of 2005, yet since that time production has almost tripled, NAV has risen substantially and GZ is poised to make huge profits and cash flows if natural gas prices can hold in the current range.
VMC Pick Six Lotto 9
Shares outstanding as at September 15, 2007:
Basic - 16,497,902
Diluted - 18,127,747
Share ownership:
Management / Insiders - 26.7%
Accrete Energy, Inc., a junior oil and gas company, engages in the exploitation and production of petroleum and natural gas in Alberta, Canada.
It owns interest in the Harmattan property comprising two cardium oil wells and 256 hectares of land located 90 kilometers northwest of Calgary;
an 80% working interest in the Edson property, which consists of two gas wells situated 190 kilometers west of Edmonton;
a 100% interest in the Claresholm property consisting two multi-zone gas wells in Calgary; the Saxon property comprising one multi zone gas well located 125 kilometers southeast of Grande Prairie;
and the Pouce Coupe property, which consists of three gas wells located 100 kilometers northwest of Grande Prairie.
As of December 31, 2006, the company had total proved and probable reserves of approximately 645 thousand barrels of light and medium oil; 26.21 billion cubic feet of gas; and 2,302 thousand barrels of natural gas liquids. Accrete Energy was founded in 2004 and is headquartered in Calgary, Canada.
Home Page...http://www.accrete-energy.com/mandir.htm
Press Releases: http://www.accrete-energy.com/news.htm
Stockhouse Message board:
http://www.stockchase.com/Company-sl--slq-ID-slv-Accrete--Energy--Inc..php
Accrete Energy (GZ.TO).
==========================================
Posted by: nutsaboutgolf2001
==========================================
In reply to: None Date:2/22/2008 11:55:42 AM
Post #of 2038
GZ.TO Over the last week or so I’ve been accumulating Accrete Energy (GZ.TO). They have a very good presentation on their website at www.accrete-energy.com. The key points:
1.They have been able to grow production from a 1,000 BOE/d to 3,654 BOE/d over the past three years.
2.Cash flow per share for 2007 is estimated by company at $1.39 with 0.42 of that occurring in the forth quarter. I’d guesstimate that they will show earnings of 35 cents for the full year with again a very solid 4th quarter.
3.Proven reserves amount to 0.70 of a barrel of oil equivalent per share. At $50 a barrel, that’s an amazing $35 per share (in situ).
4.NAV is $8.52.
5. Reserves are 36 % oil and natural gas liquids and 64 % gas.
6. Latest finding and on stream costs are $11.53 per boe (Q3 2007). Amazingly low and results in low depreciation and depletion costs and thus quite profitable operations even at low natural gas prices.
7. Operating costs are also very low ($5.49 per boe for 2006).
8. They had a funds flow from operations in the latest quarter of 33 cents per share with earnings of 4 cents per share during which time the AECO average price for Canadian natural gas was an incredibly low $4.93 per GJ. It is currently at $7.73 and averaged $5.81 over the 4th quarter. So first quarter cash flows and earnings should be great.
9. Joseph S. has recommended this stock last month, at that time natural gas prices were a lot lower.
10.Technically GZ has broken it's downtrend and is in the bottoming process; looks poised for a major upswing on good earnings or a recommendation from JS, next time he appears on BNN.
10. At $4.70, GZ’s share price is less than half of what it was in the Fall of 2005, yet since that time production has almost tripled, NAV has risen substantially and GZ is poised to make huge profits and cash flows if natural gas prices can hold in the current range.
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