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: $2.2500 on 2017-05-29

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Date Signal Expert Opinion Price
2017-05-25 COMMENT Peter Imhof

This was a market darling for quite a while. All the energy names have come down quite a bit. This company is still performing well in terms of their net back. He was buying this below $3.


Price:
$2.230
Subject:
SMALL CAPS
Bias:
BULLISH
Owned:
Yes
2017-05-23 COMMENT Eric Nuttall

This is fine as they are gifted with good plays, where they have running room production down to around $40. They can grow oil production by about 10% spending 1X cash flow, down into the low $40. Under $40, the stock has been brutalized and he was very tempted to buy it when it was down to $2.10. They can grow production by 10%-13%, but they have to compete against Permian Basin companies that can grow by 40%-50%. He doesn’t see the Saskatchewan domestics competing for the imagination of the US investor when there are so many other alternatives available to them.


Price:
$2.420
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-15 COMMENT Alex Ruus

A good, little, oil/gas producer in Southern Saskatchewan. A well-run company with good management. Trying to pick a bottom on this is a tough one, but a year from now, he would expect the stock to be higher.


Price:
$2.420
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-08 DON'T BUY Ross Healy

It broke below its book value and is heading south because its fair market value is 91 cents and it is at $2.20.  The balance sheet is okay, but the stock value is not supported by its earnings.  He would not personally gamble in it.


Price:
$2.300
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Unknown
2017-04-25 PAST TOP PICK Craig Porter

(A Top Pick Feb 10/17. Down 18.88%.) A lot of the smaller intermediate names have suffered. This is a good little company. They did a large equity issue at the end of last year to buy some assets. It is going to take some time to see the results. Great management.


Price:
$2.330
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK John O'Connell, CFA

Made a major acquisition of light oil from Arc Resources for $700 million. Management has done everything right. Trading exceptionally cheap compared to its larger cap peers. It is going to start populating itself in larger portfolios. Everybody acknowledges that they have managed this downturn. When he first bought this, they were doing 3000 barrels a day, and are now going to do 21,000 barrels a day this year. They have loads of inventory and don’t need to make any acquisitions. Decline rates are low. (Analysts’ price target is $4.25.)


Price:
$2.630
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-05 COMMENT Dennis da Silva

Very conservative with their balance sheet. High quality assets.


Price:
$2.710
Subject:
CANADIAN RESOURCES
Bias:
UNKNOWN
Owned:
Unknown
2017-03-28 BUY Swanzy Quarshie

A core name in her fund.  The management team is exceptionally strong.  They did a great job building a portfolio of quality assets in South Saskatchewan.  Current weakness is an opportunity. 


Price:
$2.590
Subject:
OIL & GAS
Bias:
UNKNOWN
Owned:
Yes
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
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