Viewing Company Spartan Energy Corp | StockChase
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Compiling comments that experts make about stocks while on public TV.

Spartan Energy Corp Stock Symbol: SPE-T

Notes:

Formerly Alexander Energy

Last Price Recorded: $2.5000 on 2017-03-24

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Date Signal Expert Opinion Price
2017-03-20 BUY on WEAKNESS Jim Huang

Operationally, they’ve been performing very well. They continue to explore their asset base and with applying new technology, getting more production out of their reserves. Highly levered to the oil price, which hasn’t exactly been on fire in the last several months. If the US border adjustment tax comes into effect, this might have some impact on Canadian exports.


Price:
$2.440
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-03-16 BUY Zachary Curry

He’s constructive on energy. Since the start of the year, the overall energy space in Canada is down about 10%. Smaller/intermediate companies like this are down anywhere from 20% to 25%, so there is a disconnect between the 2. A well-run company and the balance sheet is in great shape. Management has a great deal of experience.


Price:
$2.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-28 COMMENT Peter Imhof

Started to build a position after the stock broke down through $3. A premier company that has always garnered high multiples. There were a lot of US holders in a bunch of these names, and because of fears of a border tax, they decided to exit. This is not inexpensive, but is a lot less expensive than it once was. Good growth and very good netbacks, and he is trying to build a bit of a position.


Price:
$2.790
Subject:
NORTH AMERICAN - SMALL
Bias:
UNKNOWN
Owned:
Yes
2017-02-10 TOP PICK Craig Porter

A light oil focused company. Recently bought a land package from another company. Fantastic management team. The company has been hurt by selling out of the US, worries about a border tax and fears of carbon tax. Thinks it has been hurt more than a lot of the other companies. (Analysts’ price target is $4.46.)


Price:
$2.860
Subject:
RESOURCE
Bias:
BULLISH on OIL
Owned:
Yes
2017-02-07 HOLD Gerard Ferguson

Began last year as a fairly expensive stock. A well-run company and a deserved premium valuation. When there was a recovery across the bottom, it didn’t get the same lift as others. The most positive moves were on companies with stretched balance sheets and iffy type resource plays. Made a transformational acquisition in the 2nd half of the year, and are in the process of digesting that. Exposed to some good plays in Saskatchewan. A name he would stick with.


Price:
$3.360
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
2017-01-31 TOP PICK Eric Nuttall

The poster child for what has been happening over the past month i.e., large, large US guys blowing out all their Canadian exposure. The stock has fallen by almost 20% this month. This is a stock on sale that can easily grow by 10% a year for many years, down to $45 oil. Very conservative balance sheet and a very conservative team. Proven value creators. Trading at under 5X enterprise value to cash flow. It will be trading at $8, a 70% upside. (Analysts’ price target is $4.54.)


Price:
$3.360
Subject:
ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-19 COMMENT John O'Connell, CFA

This is going through a transition. They made a massive acquisition. It was a good deal and paid a fair price for it. Thinks it is chewing through all that stock that is probably being recycled to some extent. There have been small-cap managers selling, and mid-cap/large-cap managers that have been buying. It is in great financial shape. The correction is because it is trading at a rich valuation, being such a well-run company. It can grow profitably at these prices. A lot of investors are worried about Mr. Trump and whether he will introduce some border tax. Doesn’t think he would do it as the US refineries need our crude. Starting to look very, very reasonable to him, and at these prices it looks like excellent value. (See Top Picks)


Price:
$3.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR
Owned:
Yes
2016-12-06 TOP PICK Mason Granger

All 3 picks have recently done fairly transformative acquisitions. He wants to own companies that have institutional following and access to capital markets and could do smart acquisitions at the bottom of the cycle. Recently did an acquisition of some assets from Arc Resources, about 7500 barrels of 98% oil in Saskatchewan. The assets fit perfectly into the company. It also brings them through that 20,000 barrels a day threshold, which opens the company up to a broader universe of institutional portfolio managers. (Analysts’ price target is $4.60.)


Price:
$3.070
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2016-11-22 COMMENT Matt Kacur

Energy stocks are not in the best position at the moment, but the track record is pretty decent and the valuation is good.


Price:
$3.160
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-11-21 COMMENT Craig Porter

Bought some good assets off of Arc Resources (ARX-T) last week, and did an equity issue at around $3. The CEO and his team have done a great job. They have kept the costs down low. He really likes this company.


Price:
$3.170
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-11-17 PAST TOP PICK Zachary Curry

(Top Pick Nov 2/15, Up 33.40%) One of the best managed companies in the energy space in Canada.  They have expertise and the balance sheet is in good shape.  You will be well rewarded holding this name.


Price:
$3.140
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-10-26 COMMENT Cole Kachur

This was close to being a Top Pick today. A very well-managed company. They are very cost-conscious, and have good production in their wells. He likes it on a technical basis. If you can buy this in the $3.10-$3.15 range, you should do pretty good. His analysts have a target in the $4.25-$4.50 range.


Price:
$3.260
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2016-10-25 COMMENT John O'Connell, CFA

This is among a handful of companies that has done everything right, and continue to do so. A very disciplined management team. When you find a management team with a low-cost resource and a good strong balance sheet, you don’t even worry about the commodity price. When oil was at $80, it might have cost this company $30 to develop their oil and bring it to production. That is huge leverage to the positive. He doesn’t think those costs to operate and to drill are going to dramatically increase in the near term.


Price:
$3.370
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-10-07 COMMENT Eric Nuttall

This has one of the hired highest quality team’s asset basis in southern Saskatchewan. Have made an enormous amount of money for a lot of investors. Because of this, it trades at a higher multiple than some of their peers, but that is very much founded. ARC Resources (ARX-T) is selling off their Saskatchewan assets. There are very few names left with the financial capacity to go to the market to raise money. His guess is that Spartan would be one of them. He could see $4.82 share price in a year, a 40% upside.


Price:
$3.440
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on OIL
Owned:
Yes
2016-09-16 HOLD Swanzy Quarshie

Great company and great management team. This is richly valued right. Well owned and well-liked. Perhaps we are going to need to see higher oil prices for things to go much higher. Thinks this is going to be a “go to” name once oil prices start to improve.


Price:
$3.210
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Unknown
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