Stockchase Opinions

Irwin Michael, B.Com, MBA Flint Energy Services Ltd FES-T TOP PICK Apr 27, 2011

(A Top Pick Oct 1/10. Up 6.31%) (3 Top picks are in the energy services sector, a lagging indicator of oil/gas.) Over 50% is oil sands servicing. Do a lot of utility servicing and trucking. Could be a takeover candidate.
$16.200

Stock price when the opinion was issued

oil gas field services
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BUY
Good potential, but thinly traded.
TOP PICK
Supplies services to the oil sands industry. Not a driller. Maintenance and work on refineries and major installations. Growing very quickly.
DON'T BUY
Oil/gas services. Good company but is being outshone by a number of Calgary companies that are positioned in the sexier parts of the sector. Would prefer Canadian Energy Services (CEU-T) or Total Energy (TOT-T) instead.
TOP PICK
Utility maintenance and drilling maintenance in the oil sands. Not widely followed. Excellent management. A lot of cash. Expect them to declare a dividend in the next 12 months.
TOP PICK
7.5% June 2019 bond. This company has had a problem with their production services division. Had a couple of earnings misses and the stock got clobbered. Needed to raise money so they came out with this bond issue. Company should have a better back end of the year.
PAST TOP PICK
(A Top Pick Oct 1/10. Down 28.05%.) Sold a large portion of his holdings at $18.50. Believes it is a $20 stock. Likes this company a lot. On the right track and making acquisitions.
COMMENT
Fundamentally very cheap. On the right track. Revenues are probably through $2 billion. Have been remarkably conservative in terms of their outlook. Expecting will declare an initial dividend over the next 6-12 months and would be surprised if they buyback stocks. Trading roughly at BV. Likes this sector.
PAST TOP PICK
(Top Pick Apr 22/11, Up 53.77%) Has been a takeover target.
PAST TOP PICK

(A Top Pick June 29/11. Up 21.5%.) 7.5% June 2019 bond. Company has been acquired and he sold these bonds when this happened.