CONNACHER OIL AND GAS LIMITED (CLC.TO) Buy,…

CONNACHER OIL AND GAS LIMITED (CLC.TO)

0.00

-0.00 (0.00%)

43 watching

BUY

Purchased in the past as flow through share. Likes it. A bit of a smaller company. He has convertible debentures of this company. Has decent balance sheet.

BUY

(Market Call Minute.) Small-cap, juniorish oil sands play. Pretty cheap. As they bring it into production he expects the stock to be $1.50-$1.60 later on.

BUY

Going through a very rapid development. Expects heavy oil differentials to remain relatively small so likes the netback it is receiving. Good growth pattern.

COMMENT

You have to be willing to stomach some risks. Debt is very high but is mostly termed out in 1st lien notes, 2nd lien notes and convertible debentures and first amount is not due until 2012. Very volatile.

DON'T BUY

Thinks there will be more M & A activity in the oil sands space. Prefers UTS (UTS-T) and its management team, which is a better play.

RISKY

Planning on doubling production in 2010. Attractive company and has done a lot of things right in order to get its financial house in order. In 2011 or so you will see some real impact on some of the stuff they are doing with more of their oil sands production coming on.

COMMENT

Heavy oil. Have done a reasonably good job of getting production. Have lots of plays in front of them where reserves and production levels are known. There are others he likes better.

WEAK BUY

Has a lot of financial torque because of high debt. Produce heavy oil, which is at a discount to West Texas. You have to be comfortable with the leverage.

WATCH

Very leveraged to oil so you have to be a long-term bull on oil. Did a very good job on execution but they still have two build the next Algar so she will be watching this very closely. Debt is also an issue.

RISKY

Speculative buy because it is a smaller cap name and smaller producer. Does have conventional production as well as oil sands in which 1st phase has been completed. Working on a 2nd phase with cash to see it through. Could benefit from a land grab in the oil sands as things start to recover globally.

HOLD

Very bullish on this stock. December April it had a major trading range that was a support. Had another major support over the summer. 200-day moving average is now doing very well. There may be a little resistance around $1.25-$1.50. Because of the long base, the stock will probably have a big upside move. Stoploss should be below $.75.

HOLD

(Market Call Minute) If you think oil is going up it has a nice outlook otherwise it’s flat.

HOLD

Heavy oil producer and heavy oil margins have been relatively small. Doesn't think it will change too much unless there is a big increase in oil prices.

WATCH

A lot of the bigger caps have passed the moving averages but this one is below the 200-day and 50-day moving averages. If you own, use a Stop of about $.75 and you could add to your position if it breaks out with volume depending on your risk tolerance.

BUY

Just recently raise some money so are good to go. Speculative buy.

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CONNACHER OIL AND GAS LIMITED (CLC.TO)