Mike Schaeffer: Favorite CBM Stock is PACE

Coalbed Methane (CBM) Guru Mike Schaeffer recently announced his favorite CBM stock was Pacific Asia China Energy (PACE is the acronym). Schaeffer was impressed with recent drilling results and said PACE was “severely undervalued.”

Sarasota, FL (PRWEB) June 6, 2006

StockInterview.com’s Market Outlook Editor, James Finch, reported on Mike Schaeffer’s announcement of his favorite coalbed methane (CBM) stock. Schaeffer announced in an earlier report that Pacific Asia China Energy (TSX: PCE) or PACE (the acronym) was his favorite CBM stock. The CBM guru has found plenty of CBM winners in their early stages, before the broader markets discovered them. He wrote about PACE, “The bottom line: PCE is a dreamboat company…All the pieces are falling into place. The only thing you need to do is sit back and enjoy the ride up.”

Schaeffer compared PACE to one which trades on London’s AIM stock exchange. He wrote, “In comparison, Great Eastern’s in place methane resource is only 1.4 TCF, nearly a quarter of PACE’s resource, and the company has a market cap of more than C$308 million.” By comparison, PCE is valued at about 30 percent of Great Eastern’s market cap. Schaeffer added in this comparison, “Simple mathematics suggests that when compared to Great Eastern Energy, PACE is severely undervalued.”

His advice to subscribers was simple, “Any lingering uncertainties that Pacific Asia China Energy won’t soon become one of the most prominent coalbed methane companies operating in China should be long left in the dust.”

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(Source: StockInterview.com)

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