CREDO Petroleum Corp (NASDAQ:CRED)

CAPS Rating: 2 out of 5

Independent oil and gas company engaged in oil and gas acquisition, exploration, development and production activities mostly in the Mid-Continent and Rocky Mountain regions of the United States.

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Member Avatar FRACIT (< 20) Submitted: 1/19/2011 10:49:45 PM : Outperform Start Price: $11.44 CRED Score: -18.79

If Credo goes big into it's Bakken leases with the right drilling and completetion strategy they will continue to see big returns. GASFRAC ENERGY SERVICE

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Member Avatar poorbastard2011 (< 20) Submitted: 1/15/2011 3:07:40 PM : Outperform Start Price: $11.74 CRED Score: -20.66

following IBDvalueinvestin's tip

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Member Avatar modestus1 (< 20) Submitted: 1/12/2011 1:37:42 AM : Outperform Start Price: $11.53 CRED Score: -19.50

Balkan play

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Member Avatar brianpivar (< 20) Submitted: 11/5/2009 3:44:15 AM : Underperform Start Price: $10.24 CRED Score: +34.65

Earnings down 50% year over year in this quarter...yet the stock is up roughly 5% year over year.
Earnings for 08: .61
Estimated earnings for 09: -1.3
estimated earnings for 10: .21
trailing p/e: 16.6
P/E: 0
forward p/e: 48

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Member Avatar chronos411 (< 20) Submitted: 6/18/2008 10:18:02 PM : Outperform Start Price: $15.88 CRED Score: -52.66

Follow the leader.

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Member Avatar YoungMoe (< 20) Submitted: 6/18/2008 10:46:21 AM : Outperform Start Price: $15.30 CRED Score: -49.38

momentum stock. When emotions get high, ask to buy.

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Member Avatar 10dulkar (< 20) Submitted: 5/23/2008 1:18:40 PM : Outperform Start Price: $16.29 CRED Score: -49.95

All the techicals on this stock are very bullish, this one is set to go to 25.00 in near term.

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Member Avatar CAPITALMAKER (50.12) Submitted: 5/22/2008 10:22:30 AM : Outperform Start Price: $18.50 CRED Score: -59.87

can't have too many oil co at this time and place in history

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Member Avatar Sentineneve (34.75) Submitted: 1/9/2008 4:09:03 PM : Outperform Start Price: $11.02 CRED Score: -4.65

This pitch concentrates on CRED the business, not the CRED the stock price.

Factors to consider-

I. Management:
A. Managers like owners
The CEO is James T. Huffman. He owns approximately 1.2 of the 9.33 million shares outstanding, or approximately 13% of the company. As of the last annual report, management and the board of directors own approximately 25% of the company.

B. Executive Compensation
As of the last 14a, Mr. Huffman was paid a base salary of $135,000 a year, which was established in 2004. He also received a cash bonus of $90,000. Despite a recommendation his salary be increased, Mr. Huffman declined. (Source: DEF 14A). Further, he has received no stock option incentives for the previous several years.

C. Performance
CRED has had significant growth in their balance sheet for the past several years.

II. Company

A. Oil and Gas
CRED has had fourteen consecutive years of record reserve quantities, and is approaching their seventh consecutive year of record production. For 2007, CRED replaced 189% of production. Not only has production significantly increased, costs have decreased.

B. Calliope
CRED holds a patent in a technology called Calliope. To understand the impact and potential of Calliope, please consider the implications of the press release on 12-03-07, found at http://www.credopetroleum.com/news.htm. This should be considered the economic moat.

C. Debt
The company does not use leverage and has practically zero debt (163,000 in liabilities).

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Member Avatar xdogg (52.80) Submitted: 8/21/2007 1:53:12 PM : Outperform Start Price: $11.15 CRED Score: -4.98

Solid growth, no debt, and a very reasonable valuation make this a thumbs up for me.

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Member Avatar Wifeb123 (86.12) Submitted: 7/11/2007 10:30:42 AM : Outperform Start Price: $13.63 CRED Score: -23.09

Has been beaten down because of the oil/gas industry but looks like they have great opportunities as well as very low debt and great profit margins. Much like EGY i expect them to turn around head upwards later this year after the summer crunch.

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Member Avatar n00bs (< 20) Submitted: 6/11/2007 3:47:24 PM : Outperform Start Price: $14.01 CRED Score: -26.59

outperform

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Member Avatar bkr007 (< 20) Submitted: 4/12/2007 5:20:47 PM : Outperform Start Price: $12.93 CRED Score: -23.75

CRED is unique among E&P companies in several ways:

1) It has ZERO debt. All of CRED's tremendous performance has come from internally generated funds.

2) Among small E&P companies it has been listed by either Forbes or Fortune as among the fastest growing nearly every single year for the past several years...more than any other.

3) CRED has an exclusive license to Calliope, a patented technology that has successfully brought dead gas wells back to life...and continue to produce for many more years...at a very nominal cost. One such well has produced an additional 1 BCF of gas, after being dead for several years.

4) CRED is an extremely low cost producer, with very conservative management, which bodes well for the future continued performance.

5) For all it's good points, CRED is the most undervalued of any E&P I know of...making it a great buy at current prices.

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Member Avatar kozbee (< 20) Submitted: 3/7/2007 7:31:17 PM : Outperform Start Price: $12.91 CRED Score: -28.33

energy

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Member Avatar Kilnbilly (< 20) Submitted: 2/23/2007 3:24:50 PM : Outperform Start Price: $13.10 CRED Score: -25.22

Oil not going away any time soon.

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Member Avatar hvalenzuela (45.06) Submitted: 2/21/2007 12:44:33 AM : Outperform Start Price: $11.92 CRED Score: -14.11

This is a speculation pick.

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Member Avatar WyattKaldenberg (51.13) Submitted: 1/26/2007 2:13:27 PM : Outperform Start Price: $12.05 CRED Score: -19.06

A good gas and oil company at $12.05 a share

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Member Avatar tripdaddy (< 20) Submitted: 1/11/2007 3:10:26 PM : Outperform Start Price: $12.18 CRED Score: -19.34

Small well run oil and gas company. Making money and growing every year. Downside, the stock price is tied too closely with the natural gas pricing which is very low now.

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Member Avatar kiayaar (< 20) Submitted: 12/4/2006 8:08:13 PM : Outperform Start Price: $13.05 CRED Score: -29.76

hellooooo did anyone say oil???????????

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Member Avatar 5STARsmallCAPS (67.99) Submitted: 12/2/2006 4:11:41 PM : Outperform Start Price: $12.89 CRED Score: -28.44

5-star $118 million market cap on 12/2/06
Oil and gas in central U.S.
5STARsmallCAPS picks five star stocks with the smallest market caps..

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