Month: August 2011

Steven Ralston, CFA Drilling at Gibson Gulch – Positive Impact expected on Dejour’s valuation With Dejour ( DEJ ) having filed a Master Development Plan with the Bureau of Land Management, 16 natural gas wells per year are expected to be drilled into the Williams Fork structure starting in the fourth quarter of 2011 (or roughly 4 wells per quarter). Sometime in the first quarter of 2012, the company plans to frack the first group of approximately 8 wells that were drilled during the fourth quarter of 2011 and the first quarter of 2012. Importantly, as the wells begin to produce, the natural gas reserves associated with these wells become proved developed producing reserves (PDs or PDPs) instead of proven undeveloped reserves (PUDs). […]

Ken Nagy, CFA Grupo TMM sees Sequential Growth on the Top-Line Grupo TMM ( TMM ) is one of the largest integrated logistics and transportation companies in Mexico. The firm, through its subsidiaries provides maritime services, land transportation services, integrated logistics services, and ports and terminals management to international and domestic clients throughout Mexico. […]

Ann Heffron, CFA CPKF: Shares Undervalued We are maintaining our outperform recommendation on Chesapeake Financial Shares, Inc. ( CPKF ) , as it remains undervalued relative to historical norms. We have raised our target price to $14.50 and changed the holding period to twelve months from six months […]