Canadian Natural Rsrcs (CNQ.TO)

His “Reduce” support line is $47 and his “Sell” line is $44.90. Chart shows a nice upward trend. All the moving averages are running up parallel. There was a little bit of consolidation around the beginning of May, and broke out to the upside in the beginning of June. He can see this continuing to go up.

On their investor day, it was driven home that the company is now in a position where they are going to be generating a tremendous amount of free cash flow, because the assets that they have are very long life, low decline, and have a wide variety of assets. Also, has been a very sharp increase in dividend payments they have been making. Yield of 1.88%. Large royalty portfolio could be valued at PrairieSky levels.

He likes this. Oil companies like this have had some pretty good quarters. It now has a habit of kicking money back to investors with share buybacks and dividends. Also, has some great property. Good management. Good balance sheet. The one thing that could be coming up with this is the royalty trust. (See Top Picks.)

Geopolitical tensions plus energy prices have driven this stock up. There will be dividend increases and 10% growth rate.

Pretty stretched along with the whole energy sector. Don’t chase it here. Futures show oil trading in the $80 range. CNQ should get margin pressures down the road. He has been avoiding the oil sector for a while now although he has been wrong.

Has some good short-term upside potential, and has been kind of leading the way in the energy sector. Its next technical resistance point is $52, and he expects it will do that fairly easily. It could easily get up to $60 or higher.

This is the quintessential energy stock that you want to own. You have oil, you have gas, you’ve got a dividend yield and you’ve got growing production. Cheaper than its peers. Yield of 1.9%.

Here’s a stock that has done extremely well. Is one of the preeminent oil companies in Canada, but at today’s prices, he would take profits. It looks reasonable going forward and is a core holding for many. Prefers SVE-T and SU-T and even TLM-T.

This one is a heavy weight in the index. There is a lot of momentum now. He would suggest that you move into it gradually.

Seems to be able to manoeuvre between the different sectors of the oil/gas market that are in favour. Well diversified between oil sands production and offshore natural gas. Well managed. You are going to see increased production come out of the Horizon plant over the next couple of years.

(A Top Pick April 15/13. Up 49.6%.) This is “best in class” large-cap in his opinion. Feels there is still $15-$20 upside in this stock in a good energy market over a 2-3 year period.

Energy has had a good run and the caller is probably thinking right in dialing back a bit. Likes this. This is Canada’s largest integrated oil/gas producer. Even though it has a good growth profile, it is trading a bit cheap at this stage.

There is a chance of a better entry point so he would be a little patient. Tends to react in a volatile sort of way to price changes in energy.

Strong run from the start of the seasonal period. Actually picked up as early as January. But we broke below the trend line now. He doesn’t see a lot of upside in oil stocks.

Oil is at $100 a barrel, which he doesn’t understand as the world is swimming in oil. Looking at a company like this and when the commodity is stretched, he wants to make sure the company has a lot more going for it because he doesn’t really like the underlying commodity. The company is doing some good things and he feels the stock price is a little stretched here. There are better things to buy if you are looking at the oil patch and looking for a bigger dividend.