lentinman... CZE won't have the big turnaround that Aspn.ob did. They already have decent production totals. But they are dirt cheap compared to Americano Juniors. They appear to have decent prospects and are looking for a partner for a high risk, high opportunity well to be drilled this fall. If they hit a 5000mcfpd well at 50% working interest, things could get interesting but even with their normal little guys, they should increase production to 1800boepd by 12/31/05. That should be good for 1.50.
It took awhile for Aspn.ob to deliver the financial results even after they announced the production success. CZE won't be any different but they will have the added disadvantage of being a Canuck Junior so won't get the play that Aspn.ob got when they finally started delivering eps and cashflow.
I don't think Terra is going to pull back much. If they announce 3000bpd for q2 after 2155 for q1 on the way to 4000, they won't be looking back for long. Based on cashflow multiple, they are still priced in the 6 range. Still pretty cheap. It hasn't gone up that dramatically but you are disciplined and I'm not, so stick with your style. I think most savvy investors are expecting a profitable qtr and a good gain in production. That said, the spring thaw and heavy rains this last qtr may have slowed their drilling to the point that most of their gains will come in q3&4. In that case, you may get a buying opportunity if earnings disappoint.
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