Opinions

David Cockfield Black Rock BVI-T DON'T BUY Jun 15, 2005

A heavy oil producer with excellent properties, but too expensive. Really a $7/8 stock. Their record of bringing production on hasn't been great.

David Cockfield

Unlock Rating

$9.720

Stock price when the opinion was issued

oil gas

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

HOLD

Sold his holdings at $6.50 because of price weakness in heavy oil. Also on a price to cash flow basis, the stock is expensive. However, if you sell on a nest asset value basis, that would be close to $20.

BUY

Have a heavy oil property. Has a hunch that with the people behind this project, because of their track record, they'll figure out a way to make it work. Speculative and too risky for his clients.

DON'T BUY

A controversial stock. The bears are saying it's far too expensive on a price to cash flow basis and the stock is worth about $7. On the other hand, people are saying it is incredibly cheap on a price to book value and their target would be $14. He has no intention of owning it.

WEAK BUY

Essentially heavy oil of the conventional type that he likes as well as other heavy oil. Asset value is around $8/9. Good management. Speculative.

DON'T BUY

Heavy oil producer with most propertys located in the north east area of Alberta. Doesn't get the full value of crude oil. From $5 to $25 less. Netbacks are significantly lower then others. Good management. Not a heavy oil fan.

WEAK BUY

Has not been a fan of this stock, but they are 100% oil and the higher the price of oil, the better their leverage. Relatively high production costs. Low quality oil so their price is $20 below the regular rate. Doesn't expect it will become an income trust for a long time as they have a very aggressive growth strategy which will require a lot of capital.

HOLD

This is an asset play, not a “price to cash flow” play. There are more interesting ways to play the heavy oil.

DON'T BUY

Had a long uptrend and is now spiking. If you own, hold and enjoy the ride.

SELL

Shell Canada is offering to purchase all outstanding common shares. If you home, he would take the offer and reinvest in UTS Energy (UTS-T).

BUY

Believes company is a good long term investment. Shares have been over-sold recently. Good time to invest in the company. Excellent management team with good long term prospects. Very well diversified business.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

David Cockfield Black Rock BVI-T DON'T BUY Jun 15, 2005

You might be interested:

Black Rock(BVI-T)

Black Rock(BVI-T)

Black Rock(BVI-T)

Black Rock(BVI-T)

Black Rock(BVI-T)

Black Rock(BVI-T)

Black Rock(BVI-T)

Black Rock(BVI-T)

Black Rock(BVI-T)

Black Rock(BVI-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Hap (Robert) Sneddon FCSI

Stockchase Insights

Jim Cramer - Mad Money

Brendan Caldwell

The Panic-Proof Portfolio (Stockchase Research)