Cardinal Energy Ltd (CJ.TO)

He sold it along with all his oil Canadian stocks last year. Dividend is safe. Good operators. They're dependent on Alberta oil and WCS, which will suffer a low price for a while.

This company has struggled to gain investor interest and he believes it will continue to do so despite the high yield. It is about 50% light oil so its exposure to wide differentials is limited. He thinks the dividend is sustainable. Yield 9.2%.

A year ago this stock looked very low and the commodity price was low, however, the companies in this sector were still making money. He thinks there will be good returns in the sector, but he prefers more torque with companies that will benefit from tighter heavy oil differentials.

Underappreciated, he thinks, and is torqued to oil (80% of production). He thinks WTI will be sustained between $70-$80 per barrel. A great dividend yield. Yield 8%. (Analysts’ price target is $6.75)

Canadian light oil producers have been abandoned by investors in general. He sees safer ways to play the energy space. He wonders if the dividend might be at risk as the company may need to put capital elsewhere. Yield 8%.

The dividend is safe in his mind. The dividend costs the company about $50 million per year and the company has $160 million in cash. Not an exciting company, but a safe income, he thinks. Yield 8%.

Bought an American company a year ago and levered up to do so. They did a big stock issue, and the market hated it. So have been in the dog house for a year. Dividend is secure and they are pretty well hedged, so should see good cash flow this year. Not a lot of money flowing into the smaller to mid size energy companies. Yield is 8%.

He recently concluded the valuation does not match the market opinion. If you like the dividend of 8.5%, he thinks it is sustainable. It is too small cap to get traders excited about this one, so he expects the stock to continue to drift. They are 50/50 light /medium heavy oil. Yield 8.5%.

(A Top Pick August 17/17 Up 32%) They thought the dividend was secure when it yielded 10%. He sold out of their position after the rally into May and diversified the money into international energy holdings to avoid Canada’s infrastructure issues.