eResearch Blog: Stealth Ventures Ltd.
A Stealth Buying Opportunity
Stealth Ventures is an oil and gas exploration and development company focused on "unconventional" gas reserves, including shale gas and tight gas reservoirs in both Alberta and Saskatchewan, and coalbed methane in Nova Scotia.
Unconventional gas is the moniker given to natural gas, usually found in large amounts, which is located in rock formations that are difficult to produce from and, therefore, require special retrieval techniques. With the exploitation of the normal gas fields in North America, more and more exploration funds are being directed towards unconventional oil and gas exploration and production activities.
Now in the process of morphing from an explorer to a producer, which will provide valuable cash flow, the Company's strategy is to find new projects and obtain high working interests, rather than joint-venture, and bring them from resource to producing reserves.
Despite its almost $75 million market cap, the Company currently has a low investor profile and relatively thin trading volume. As it builds its cash flow base and demonstrates its acumen with the drill bit during its forth-coming aggressive drilling program, the shares should respond positively. As such, the stock represents an intriguing capital gains opportunity at present levels.
We recommend the shares of Stealth Ventures to risk-tolerant investors as a Speculative Buy with a 12-month Target Price of $1.80.
See www.eresearch.ca for this and other reports.
Stealth Ventures is an oil and gas exploration and development company focused on "unconventional" gas reserves, including shale gas and tight gas reservoirs in both Alberta and Saskatchewan, and coalbed methane in Nova Scotia.
Unconventional gas is the moniker given to natural gas, usually found in large amounts, which is located in rock formations that are difficult to produce from and, therefore, require special retrieval techniques. With the exploitation of the normal gas fields in North America, more and more exploration funds are being directed towards unconventional oil and gas exploration and production activities.
Now in the process of morphing from an explorer to a producer, which will provide valuable cash flow, the Company's strategy is to find new projects and obtain high working interests, rather than joint-venture, and bring them from resource to producing reserves.
Despite its almost $75 million market cap, the Company currently has a low investor profile and relatively thin trading volume. As it builds its cash flow base and demonstrates its acumen with the drill bit during its forth-coming aggressive drilling program, the shares should respond positively. As such, the stock represents an intriguing capital gains opportunity at present levels.
We recommend the shares of Stealth Ventures to risk-tolerant investors as a Speculative Buy with a 12-month Target Price of $1.80.
See www.eresearch.ca for this and other reports.
posted by Bob Weir at
4:58 PM
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