Stockchase Opinions

Sandy McIntyre Bonnett's Energy BT-T HOLD Apr 13, 2007

Energy services. Integral in drilling new oil/gas wells. When down sharply on drop of energy prices. Will benefit from drilling in late 2007, early 2008.
$11.640

Stock price when the opinion was issued

oil gas
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TOP PICK
A sleeper. Very illiquid name in the energy services space. Very high growth. Low yield, in the 6%’s, but growing at about 60% next year. We'll probably double their distribution over the next year.
TOP PICK
Weakened by weak natural gas prices. The action has far outweighed the slowdown of the business over the last couple of quarters. Super inexpensive. They'll virtually double their distribution year over year.
BUY
Was priced very attractively on its IPO and has outperformed. Good management.
DON'T BUY
Very cautious on the energy service space. They have a fair amount of competition in some of their services. Prefer older companies with an established track record.
PAST TOP PICK
(A Top Pick July 21/06. Down 36%.) A double whammy of negative energy services as well as they income trust problems. Incredibly inexpensive on a multiple basis. No risk to their distribution.
SELL
Victims of the weakening gas prices and the weaker energy services sector. Their current problems are balance sheet oriented. A very dangerous holding at this point. Would prefer companies like Total Energy Services (TOT.UN-T), Precision Drilling (PD.UN-T) or Akita (AKT.A-T).