ATPG is cheap in terms of ratios. They are set to triple production from 18,000bpd to 49,000 by 12/10. Selling for 18.92 and just about to announce first production from new Gulf platform.
Mill.ob is a play on reserves. It's runup quite a bit but still has upside. Should end up over $10 this year from current $3.32. Reserves worth over $400million vs current market cap around 70 million.
Canadian cheapies.
ZCO.v/ZPATF.pk C$4.84 cheap on a price to cashflow basis. Profitable and cashflowed .29 for Q3 09. Drilling first Cardium well this qtr. Should get revalued if that is successful.
STP.v/stpjf.pk C$1.13 heavy oil/tar sands. Just bought heavy oil producer so was profitable last qtr at .04eps. Should improve on that because acquisition was only counted for two months of the qtr. Two tar sands projects being licensed. Lots of reserves. Cheap on current production so you get all the tar sands reserves for free. Big dilution coming if they finance the tar sands but also upside. If oil climbs above current range, tar sands stocks will get hot.
PER.v/ptorf.pk C$.42 Guiding for .24 cashflow in 2010. Waiting for license to build sour gas facility to allow production at some new wells. Was primarily ngas producer but hit some oil wells. Oil will flow once they build the sour gas facility. Hoping for Q2 but could get stalled into Q3. That will affect cashflow dramatically because oil is so much more valuable than ngas right now. Still, they have additional oil locations so should grow once facility is built and functioning. If all goes as planned, extremely cheap.
Bobwins
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