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Leveraged un-hedged gas player and lost of debt. But could be a takeover target. Street target is $5.00.

ffree (aleverage)
Prefer FEL and even QEC over this one. I hold on to my BNP.UN and DAY.UN for now even though they have run up quite a bit. The problem with these junior gas stocks is they already priced in $5 or $6 dollar gas price. Also their bank line review is under way. I guess at one point they all have to issue new shares and things can get really ugly if gas price keeps going down. So, the best strategy is buy the best in the breed and keep it for a long time.
(#104633@43)
2009-9-13
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