Choice Resources (fka CZEKF)

[nutsaboutgolf2001]

My reworking of the financials shows them (optimistically) reporting 3.4 cents of earnings and 7.7 cents of cash flow for quarter 4. This has them selling at a very low annualized PE ratio and a very nice annualized PCF ratio as well, with the month of December and its much higher natural gas prices still not accounted for. I'm interested in CZE in part because they report before the others (their quarter ends November). I'm hoping they will pop on the earnings release and I can then divert some of the gains into later reporting (oil) stocks.

Remember average Canadian natural gas prices for the quarter ending November were 37 % higher than for the quarter ending August; plus they had operating cost and volume problems in the quarter ending August because of pipeline problems.

With a quarter ending November you can never tell when they might report but they have already reported changes to reserves, so it could be any day (for the quarter itself).