Opinions
Joanne A. Hruska, CFA
Fairborne Energy Trust
FEL.UN-T
COMMENT
Sep 11, 2012
$1.510
Stock price when the opinion was issued
oil
gas
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COMMENT
There is a little bit of support building at around $2.50. The downtrend has been broken. From the risk/reward point of view he would want to buy with Stop at around $2.40. If this breaks upwards with some volume, $3.50 then $4 he would continue adding but continue to move your Stop up. Would prefer Talisman (TLM-T).
oil
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DON'T BUY
Haven’t been a very strong operator. Sold Belly River assets to DeeThree (DTX-T) who were able to make money off this play. Have sold the balance of their gas assets to Bonavista (BNP-T) so they are left with the Cardium play. This is more of a “show me” story and she needs to see them execute on whatever they have left.
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gas
HOLD
Company was forced to do some rather draconian things because it needed to clean up its balance sheet, so it sold a big asset. Stock has been quite buoyant lately because of their liquids rich natural gas play. Their assets, in the heart of a play that is largely governed by bigger companies, are quite attractive. Thinks there is still more upside in the stock.
oil
gas
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Hasn’t owned this one for a while as she was concerned about high debt levels. Now sold off some assets to bring down their debt level. In the last couple of months she has seen a little bit of the energy sector start to perk up. A lot of people have been disappointed because of the weakness in the energy space since 2008 and she is now seen a little bit of excitement. If that happens, that will drive this company prices more so in the next few months. On the right track, but it could take a little bit of time. If you own and you think energy prices will be going up, consider Selling for tax loss purposes.