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Petrobank Energy and Resources (PBG.TO)

DON'T BUY
Can expect more pullbacks. In the very short run energy stocks are a bit tired. One client has licensed the technology but market still wants to be shown more.
BUY
One of the few who stocks that hasn’t taken out its old high. Numbers are accelerating in this name like everything else. Loves the name.
BUY
Had a few pullbacks. Netbacks from their Saskatchewan production are spectacular. A lot of money from the market is being afforded for their technology that, if it proves out, will be quite revolutionary for extraction of oil from the oil sands. Good long-term hold.
COMMENT
Chart indicates it won't go up that much. Sideways motion for the next 3 or 4 months. Because of the volatility with the dip in January and uptick in February plays well into a covered call strategy.
HOLD
Have some excellent properties in Colombia that gave the stock a boost. He is always a little dubious about offshore stuff. They do have some assets in the Bakken play in Saskatchewan, which is looking very successful as well as Montana and Wyoming. Also have the White Sands, which is heavy oil.
BUY
Has really solid technical support as well as fundamental value support. If their Thai technology works out, the stock could go much higher. In the past, fire flooding hasn't worked on a sustained basis but they have come up with a new technique. Initial results are extremely encouraging. Also have assets in the Bakken area of Saskatchewan as well as some in Colombia.
TOP PICK
In the Bakken sector in Saskatchewan. Also likes their Thai technology and their White Sands play in the oil sands. Own the majority share of Petrominerales (PMG-T) in Latin America, which hit a bit of water but this is surmountable.
DON'T BUY
Fluctuations in the price are probably due to questions on their new Thai technology. Feels he can find more attractively priced stocks in the energy sector.
COMMENT
Has the Bakken shale in Saskatchewan, which everyone is getting excited about. They also have the toe to heel air injection, which is the environmentally friendly way of getting oil.
BUY
Buyers at the $40 level. The energy stock with the biggest upside over the next 5-10 years. Really like it, expect it to be a core position in the next few years.
WEAK BUY
Bought some this morning. Like the management team. Stock has come down over the past week, because of a poor analysis. A great asset company, with great technologies.
WEAK BUY
Has the White Sands oil project for heavy oil, which looks very interesting. Some risks associated with it but he is positive on it. Has some Bakken play in Saskatchewan that looks very interesting. Also have a big interest in PetroMinerales (PMG-T). A very expensive stock as the market has chosen to give a high valuation to the White Sands project. He feels there is a lot of risk there.
BUY ON WEAKNESS
Very volatile. He will trim a little bit when it gets up in the $55 and higher range and buys on weakness.
DON'T BUY
This is a stock that can be quite volatile with a lot of potential upside if their technology works. Has done exceptionally well compared to a lot of other names. If you own, consider moving into an integrated play such as Husky Energy (HSE-T), which pays 3.5% and is not near its highs. Could also consider a natural gas name.
BUY
Very strong cash flow. Trading at about 7/8X cash flow. This puts no value on their oil sands assets or their Thai process, which may or may not work.
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