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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (12087)	9/5/2005 5:52:40 PM
From: Crossy	Read Replies (2) \| Respond to of 37387

Condor, first of all, the Canadian list I gave you was a "top-down" list of the more established juniors, so no dart-throwing necessary... So those on top are cheaper realtive to the IMHO important Year-exit productive capacity "future flowing barrel" versus marketcap metric. I discarded occasional firms with too high debt levels that one could view as struggling.. What I would recommend you to do is go to these company websites and look at their properties, at least try to compare them.. each of us has different preferences.. As a rule, I like smaller firms ... usually I don't buy domestic NorthAm E&P firms (my gut feeling is that Intl Oils are so much cheaper and their wells so much more prolific) but the impending NG crunch this winter changed my view.. But now I try to stick to my playbook for International oils with these domestic NG producers. Buying what I see as "quality juniors" with good management, a proven "growth trajectory" more than acceptable land position - and of course a steady stream of drilling opportunitites.. So far, I bought GBE.V (Grand Banks) Energy, the company managed by Ted Mc Feely - where I posted a writeup already I'm looking at other "real" juniors (in the 1000-5000 boepd range) right now where I see these credentials and will post once I have a more complete understanding of their relative position.. regarding the current environment, my advice is watching the NG futures development - this commodity cannot be loaned from an SPR across the globe. The recent retracement on the front month Oil strip is only related to the tapping of many a country's SPR and the gasoline imports into the US to counter the refinery knock-out.. These loans have to be paid back in-kind somewhen down the road. While NG rises unencumbered, crude oil stabilization "thrives" just on borrowed time. Looks like the effect will prolong the high oilprice environment for another 6-12 months, into at least March 2007 IMHO as these SPRs need to be replenished accross the globe. If I were an emergency planner I would use the shoulder seasons for it, parituclarly Q2.. looks like no slack from the demand side over the next year rgrds CROSSY