NAL Energy Corp (NAE.TO) Buy, Sell or Hold

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NAL Energy Corp (NAE.TO)

0.00

-0.00 (0.00%)

29 watching

PAST TOP PICK

(A Top Pick Feb 17/12. Down 8.02%.) Was acquired in June by Pengrowth (PGF-T).

PAST TOP PICK

(A Top Pick Aug 19/11. Down 24.07%.) Acquired by Pengrowth (PGF-T), which cut the yield. He is not happy with this.

WATCH

Acquisition by Pengrowth (PGF-T). Is this a good deal for the stockholders? He is not super enthused about Pengrowth. As a combined company, they'll get some good assets from the NAL but expects they will have to get rid of some assets to maintain their payout. He is going to Watch and not dump his position yet.

HOLD

This company is being acquired. What happens to the 6.25% convertible shares that are maturing Dec/14? A “change of control” clause gets triggered and NAL will basically offer you your money back. You don't want to do that because this takeover creates a stronger company and credit quality is improving.

HOLD

They have just agreed to merge with Pengrowth Energy (PGF-T) and he thinks the outlook is good. They will be getting some access to light oil.

HOLD

There was anticipation of the cut. He averaged down. Payout ratio is ok. With a secure yield at this level he is quite happy to sit with it. It is acting very well in sell-offs.

HOLD

Dividend is sustainable through 2012 but after that it depends on energy prices. They are doing the best they can to keep the dividend where it is. If Nat. Gas prices remain low there is potential for a cut. Still owns it but is not thrilled with it. He is not looking to exit at this point

TOP PICK

Doesn't expect any further cuts in the 8% dividend. Just did a new bond issue, which will put some money in their pocket. Likes the areas they are in.

BUY

Just added to his positions. Liked the company and where they are drilling in Alberta. They are good managers, but someone has been selling it and it has been significant and it has brought the stock down. They did cut the dividend but it is still at 8%. Will do quite well over the next couple of years.

HOLD

Meeting tomorrow with management. Cut distribution from 7 to 5 cents. Probably a good thing to do. They are a conservatively managed company. His gut feel today is to stick with it.

SELL ON STRENGTH

Came off fairly sharply. Not currently on his buy list. Prefers a number of other things in the sector. Would not be in a rush to get out of it. Don’t stay too long either. Look for an opportunity if it bounces.

COMMENT

Still likes this one but is more favoured towards other names such as Crescent Point (CPG-T) and Arc Energy (ARX-T) but this one trades at a discount to the group. There are some questions as to how sustainable the oil/gas companies growth pattern is as their balance sheets become more and more restrained. Better names to own.

COMMENT

The present $0.94 will probably go to $0.48 and is probably already in the price of the shares. BOE production is probably 40,000 barrels a day, which is too small for him. Good small company. The smaller companies will get merged or taken out.

BUY

Balanced between oil and natural gas. People think the dividend may be at risk and that it is over leveraged. Yield of 12.1%. He is expecting $90 oil and about $6 natural gas for 2012. He is comfortable with the dividend given the asset base have.

PAST TOP PICK

(A Top Pick Dec 17/10. Down 40.52%.) Good management. They are in the cardium. Back in the spring, new selling came in and has been going on ever since. Using about 11%. Still a Hold.

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NAL Energy Corp (NAE.TO) Frequently Asked Questions

What is NAL Energy Corp stock symbol?

NAL Energy Corp is a OTC stock, trading under the symbol NAE.TO (previously NAE-T on Stockchase) on the (). It is usually referred to as or NAE.TO

Is NAL Energy Corp a buy or a sell?

In the last year, there was no coverage of NAL Energy Corp published on Stockchase.

Is NAL Energy Corp a good investment or a top pick?

NAL Energy Corp was recommended as a Top Pick by David Cockfield on 2011-12-09. Read the latest stock experts ratings for NAL Energy Corp.

Why is NAL Energy Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.

Is NAL Energy Corp worth watching?

0 stock analysts on Stockchase covered NAL Energy Corp in the last year. It is a trending stock that is worth watching.

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NAL Energy Corp (NAE.TO)