Gisteren steeg Ryland naar een nieuw hoogtepunt voor het jaar en dat gebeurde met flink volume.

Het is een goed idee voor beleggers om altijd erop bedacht te zijn dat aandacht in de pers vaak een prelude is tot een daling.
Dat komt doordat de verwachtingen hoog gespannen worden. Zo hoog dat alleen buitengewoon goede resultaten nog tot een stijging kunnen leiden.

Een slecht idee is te denken dat Inveztor’s aandacht voor Ryland hier iets mee te maken heeft. Nederlandse beleggers stellen voor zover wij weten niets voor in het aandelenkapitaal.
Maar de National Post besteedde vrijdag aandacht aan Ryland.
Zie hieronder en pas op voor de boorresultaten. We zijn nu bijna 100% omhoog sinds onze eerste aankoop vorig jaar.
Enige voorzichtigheid kan geen kwaad.

Making a splash in the Bakken’s big pond
Posted: June 13, 2008, 3:56 PM by Carrie_Tait
Energy, oil
CALGARY • Ryland Oil Corp. is a little-known company that trades on Canada’s junior stock market. It has a market cap of about $386-million. A month ago? Less than $250-million.

It made further waves Friday, announcing that it snapped up oil and gas licences covering 45,980 acres of land in the Bakken area of southeastern Saskatchewan. Put it all together, and the company holds about 360,000 acres in southeast Saskatchewan and North Dakota.

“The little company is growing like a bad weed,” said one Calgary oil and gas player.

Ryland’s Bakken neighbours are a deep-pocketed bunch: Talisman Energy Inc., Penn West Energy Trust, Crescent Point Energy Trust, and TAQA, of Abu Dhabi fame, to name a few.

The company paid $7.4-million, or about $161 per acre, for its most recent Saskatchewan purchase, and its average cost per acre in southeast Saskatchewan now sits at about $84. Compare that to what others are forking over — the average cost per acre of licenses sold in southeast Saskatchewan in the June 9, 2008 Crown sale near where Ryland toils was $467 per acre, boasted Dick Findley, chairman of the startup. For good measure, he noted that one block of 22,000 acres was bought for $37-million, or about $1,700 per acre.
“Considering the high level of Bakken drilling activity resulting in new production in the area and the dramatic rise in price being paid for acreage, we feel we are in a very enviable position,” Mr. Findley said in a statement.

The result? Investors pushed the little company up 25¢, or 11%, to $2.40 in late afternoon trading Friday.

A big part of the attraction is Ryland’s management team, which hangs its reputation on previous success in the Bakken, namely in Montana.

Ryland is in the midst of preparing permits to drill five horizontal wells to test the Bakken formation, and eight wells targeting additional zones in the area, the company said. It expects to get going on this phase of its drilling program in late July. Translation: Look for results in August.

Carrie Tait
Long RYD