Matt BailliePetro-CanadaPCA.TOTOP PICKJul 15, 2005
Most energy stocks are fairly valued in the E & P companies, but this one hasn't gone up nearly as much as the others. More of a defensive oil with their refineries and retail. Feels that production will be up next year by about 5% and 10% the following year.
(A Top Pick Oct 16/08. Up 107%.) (Now Suncor (SU-T)) A dominant player. Well diversified across gas, oil, oil sands, upstream, downstream. Will be the bellwether stock in the oil/gas industry.
Merger with Suncor (SU-T) makes all the sense in the world. Very good combination. You get the oil sands along with a cash flow that will come from their more conventional assets.
Merger with Suncor (SU-T) is pretty much a done deal. Doesn't think this will go any higher so he would sell and pick up more Suncor, which is in the penalty box right now.
Merging with Suncor (SU-T). The reason to buy either is that they have a production profile that could grow dramatically. If you are positive on energy over the next little while, it makes a ton of sense to have a senior company like this.
Merging with Suncor (SU-T) and would prefer to buy this rather than Suncor as the deal risk is minimal. Thinks government and shareholders will let the deal go through. A cheaper way to go.