Viewing Expert Josef Schachter | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Josef Schachter , President

Schachter Asset Management


Date Signal Chart Symbol Company Opinion Price
2017-06-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. The big problem with energy is that OPEC historically, when they want to resolve the issue, one cut of 1.2 million never does it, it usually is a multiple number of cuts. The problem is, with the data coming out in May, OPEC is producing 600,000 barrels a day more than demand. The 1.2 million barrels a day of compliance is being offset by Libya, which is now producing almost 830,000 barrels. They are a non-quota member of OPEC. Nigeria is now 200,000-300,000, so half of the cut by OPEC is being offset by OPEC. The US is now producing a million barrels a day more. In 1997-1999, they cut 3 times for a total of 3 million barrels. In 2000-2002 they did 4 cuts of 5 million barrels. Going to 2008-2009, they did 2 cuts of 3 million barrels. To become bullish, he would need to see them cut 2 million barrels a day more, with Saudi Arabia taking over 1 million of it. He would then become a Bull overnight.


Price:
$0.020
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
_N/A
2017-06-12 TOP PICK Must be logged in to use chart BIR-T Birchcliff Energy Ltd.

A low cost natural gas producer. When this comes off the bottom, it does very well. In January of last year, it was trading at $2.84, and it went to just over $10. Thinks it probably backs off to below $6, and even below $5.50. Feels the company is going to do a 70,000 BOE’s a day this year and 80,000 by the end of the year. He has a $13 one-year target. Dividend yield of 1.7%. (Analysts’ price target is $11.50.)


Price:
$5.970
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 PAST TOP PICK Must be logged in to use chart CASH CASH

(A Top Pick Sept 6/16.) Currently he is very bearish, so is sitting with negative energy ETF’s and cash.


Price:
$0.010
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
Yes
2017-06-12 COMMENT Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Has a BV of $25.17 at the end of Q4. They did the big Shell deal, and the stock dropped from around $44 to $39. Debt is now a $25 billion, and equity is about $30 billion, so the balance sheet is very leveraged. They are planning to sell some non-core assets. This deal is more well received than what the Cenovus was with Conoco Phillips. However, it is oil sands and a large part of their production is there. If oil prices go below $40, this stock will probably get hit, so you will have a chance to buy even cheaper. A great name to own for the next cycle, but is trading expensively.


Price:
$39.170
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

A very cheap stock. BV is $17.68, and the stock is trading much below that at $11.78. Production is the issue. They’re at about 173,000 BOEs a day in the 1st quarter of 2017. Talking about their guidance of 172,000, so really there is no growth in production this year. The market is concerned because 1) they did an equity issue and 2) where is growth going to come from. Potentially you could see this break the $10 range. Very cheap at these levels and they have a balance sheet that can survive. Likes the company, but it does have some near-term volatility.


Price:
$11.780
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 COMMENT Must be logged in to use chart CVE-T Cenovus Energy

In the 1st quarter, they made most of their profits from their risk management side. Made $187 million from their hedge book, and their foreign exchange gain was $76 million, so there is about $263 million there. However, net earnings was only $211 million. They did an acquisition, and one negative was the stock issue they did, which is still down below here. BV is $11.49, so there is still a bit of downside.


Price:
$11.370
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 COMMENT Must be logged in to use chart ESN-T Essential Energy Services Ltd.

Has debt of $18.2 million, but that is on a $60 million line. 142 million shares are outstanding. Had a very, very good 1st quarter. The cost structure has come down significantly. Insiders own about 30% of the stock. They did $10.2 million in EBITDA in Q1, up from a -$2.2 million. Feels this is a great and attractive buy under $.60, and a table pounding buy under $.52. A stock you definitely want to be looking at.


Price:
$0.650
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 COMMENT Must be logged in to use chart FMSA-N Fairmount Santrol Holdings Inc.

If you are a bull and looking for $60-$70 WTI, these guys are one of the biggest fracing sand producers in North America. His basic concern is that they have $833 million US, against $243 million of equity. Has over $200 million of cash. The problem is, when the price of oil goes down they take impairments, and impairments knock the equity component down. Also, have $60 million in interest payments a year on their debt. If we ever go down to $30 oil, this stock will go back down to $1.


Price:
$4.690
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 BUY on WEAKNESS Must be logged in to use chart GTE-T Gran Tierra Energy Inc.

Columbia is not in the front of Centre news. Small-cap Canadian companies are not getting American attention. Management continues to buy stock. They are going to spin off Peru. They’ve sold Brazil. They’ve gotten out of Argentina. There looking potentially at Mexico. In the 1st quarter they did just under 30,000 BOE’s a day. He is looking for them to do 35,000 average this year, and 38,000 BOE’s a day. Feels it is a table pounding buy under $3.


Price:
$3.130
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 PAST TOP PICK Must be logged in to use chart PGF-T Pengrowth Energy

(A Top Pick Sept 6/16. Down 43%.) He became more defensive after this. He likes this one for the long-term. It was sitting with $1.7 billion of debt about a year ago. They’ve sold assets and after they finish selling the rest of the Swan Hills, there will be $700 million of debt. This is a very attractive Buy under $1.10, and a table pounding buy under $1. A year from now, this could be over $3.


Price:
$1.160
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 BUY on WEAKNESS Must be logged in to use chart SDX-X Sea Dragon Energy Inc.

The only Long position he has. Tripled in the last 2 years. Good management team. They have operations in Egypt and know the area. They have operating assets in Masada and in Gemsa, upside in Morocco. Just announced a major exploration success in the south Souk where a large number of discoveries have been made. If this backs off to $.85, it is a buy.


Price:
$0.980
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
Yes
2017-06-12 PAST TOP PICK Must be logged in to use chart SGY-T Surge Energy Inc

(A Top Pick Sept 6/16. Down 7%.) For investors going forward, this is a stock that is going to work out very well. 4.6% annual yield.


Price:
$2.240
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 TOP PICK Must be logged in to use chart SGY-T Surge Energy Inc

The balance sheet is in good shape with $181 million of debt against $784 million of equity. This potentially could be an $8 stock in the next bull market. Dividend yield of 4.4%. (Analysts’ price target is $3.63.)


Price:
$2.240
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 COMMENT Must be logged in to use chart TCW-T Trican Well Service Ltd.

In the process of integrating Canyon, and will be the largest fracing company in Canada. A very high beta stock that does very well when you have big swings in the cycle. BV is $2.62. Had an operating profit in Q1 of $23 million versus a loss of 26 million in the prior year.


Price:
$4.240
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
2017-06-12 COMMENT Must be logged in to use chart TDG-T Trinidad Drilling Ltd

$486 million of debt against $1.4 billion of equity, so they are doing quite well. Revenues went up 23% in the 1st quarter, to $132 million, and they have an operating income of $48 million with a cash flow loss of $28 million, which was the problem. This company is a survivor. Very vulnerable when the industry turns south. You want to be able to buy when they are throwing them away. BV is $548 million, so it is already trading at a significant discount.


Price:
$2.070
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEARISH on ENERGY
Owned:
No
Showing 1 to 15 of 1,060 entries
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