Petro-Canada (PCA.TO) Buy, Sell or Hold

Petro-Canada (PCA.TO)

0.00

-0.00 (0.00%)

33 watching

COMMENT

The issue of the costs in general is one that dogs the oil and gas industry, especially the oil sands. Just released results that were weakish. Costs were higher than what people expected. The big knock on this company is that they are failing to replace reserves fast enough.

Wealthica Track your Stocks in your Watch List

DON'T BUY

Have decided not to sell their 5 oil sands holdings that were previously on the block. These are not been developed at this time. They do have one holding, Fort Hills; they are developing, but expects it will be over budget. Expect the 1st Q results will have some nasty surprises. If so, the stock will drop.

TOP PICK

This is the cheapest stock in the TSX60. Would love to buy it at $44.88. His model price is $67.58, a 47% positive differential.

WAIT

Recently reported quarterly earnings, which where in line. Has not had a very reliable record of meeting analysts’ expectations, so it is trading at a discount. Wait until it has a more consistent reporting record.

PAST TOP PICK

(A Top Pick Jan 25/06. Down 11.6%.) Very tied in to the price of oil. Still likes it. Continues to be the best value internationally of integrated oils.

PAST TOP PICK

(A Top Pick Feb 2/06. Down 20.3%.) Trading at 11 X current earnings. Could have cash flow in the area of $9.40. Likes oil/gas companies that have a growing production profile. He is bullish on energy longer term.

BUY

And integrated, which he likes. Looks like very attractive value at this price.

WATCH

Not a favourite. Numbers will be reported shortly. Company is looking for big improvement in terms of production and are looking to deploy their cash flow over the next 3-4 year period.

Wealthica Track your Stocks in your Watch List

WEAK BUY

Have had some difficulties with production on the East Coast. Stock has been volatile. If you are patient and buy on the dips, and patient on waiting for it to rise, you will do fine. Feels it is more vulnerable to a downturn than the smaller E&P firms.

DON'T BUY

Primarily crude weighted and he is lukewarm on crude.

BUY

Like most energy stocks, the chart shows a long down trend. The chart looks like we are very close to good support and he would be looking to buy some at this point. Risk/reward is very compelling for energy stocks right now.

TOP PICK

He has a model price of $60.01 giving it had 58% positive differential.

BUY

Has a lot of good things going for it, the least of which is the Blizzard production in the North Sea. Some future production looks very positive. Expect it will trade along with the price of oil and gas.

BUY

A value play in the oil patch. Good growth profile.

TOP PICK

(Due to technical difficulties, comments were not available.)

Showing 286 to 300 of 863 entries

Most Recent Experts

Jim Cramer - Mad Money

CNBC

Brian Madden

First Avenue Investment Counsel

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Darren Sissons

Campbell Lee & Ross

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Petro-Canada (PCA.TO)