Masters Energy
Toronto symbol MSY, explores for and produces oil and natural gas in northern Alberta's North Peace River Arch region and southern Alberta's Little Bow district.
Many oil and gas trusts have risen lately, along with oil prices, although natural-gas prices remain near their lows. Even so, these three trusts remain cheap in relation to their forecast 2009 cash flows.
ZARGON ENERGY TRUST $16 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 22.4 million; Market cap: $359.0 million) produces oil and gas in Alberta, Manitoba, …read more »
ZARGON ENERGY TRUST $16 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 22.4 million; Market cap: $359.0 million) produces oil and gas in Alberta, Manitoba, Saskatchewan and North Dakota. Its output is weighted 51% toward natural gas and 49% to oil.
In the three months ended March 31, 2009, Zargon’s production rose 2.2%, to 9,213 barrels of oil equivalent …read more »
BIRCHCLIFF ENERGY $5.21 (Toronto symbol BIR; SI Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Units outstanding: 112.4 million; Market cap: $585.6 million) is focused on oil and gas exploration, development and production in northwestern Alberta’s Peace River Arch area.
Last year, Birchcliff paid Compton Petroleum $263.3 million in cash for light oil production and drilling prospects at Worsely. The light oil assets complement Birchcliff’s …read more »
MASTERS ENERGY $3.84 (Toronto symbol MSY; SI Rating: Speculative) (403-290-1785; www.mastersenergy.com; Shares outstanding: 15.4 million; Market cap: $59.0 million) explores for and produces oil and natural gas in northern Alberta’s North Peace River Arch region and southern Alberta’s Little Bow district.
Masters’ February, 2004 acquisition of Terraquest Energy for $10.8 million gave it interests in producing properties at Little Bow, Long …read more »
