Petro-Canada (PCA.TO)

BUY
One of his score stocks. With the drop in price, this is a buying opportunity. The multiple is not bad. A very solid company. Integrated so that you have the refineries and the production.
BUY
Has done extremely well this year. They have a great growth profile to 2007/2008. After that it's tough to see where the company is going to go.
TOP PICK
He has a model price of $72 which is a differential of 65%.
STRONG BUY
Had considered as having this as one of his top 3 picks. Very cheap at 11 x earnings. Finds it a little perplexing that it lags.
BUY
The cheapest of the integrateds and would be his 4th pick after CNQ (CNQ-T), Talisman (TLM-T) and Encana (ECA-T). One of the more interesting of the integrateds.
BUY
Oils have seen some fairly good pull backs across the board. Likes this one for its growth potential and its oil sands. Will continue to be able to grow production. Still good upside here.
TOP PICK
Has a model price of almost $70. His analysis shows this is the cheapest company in the TSX. There's a differential of 66%.
WAIT
The models he uses to assess sector risks turned negative on oil about a month ago. His sense is that we are in a long term bull market, but these can have pretty significant corrections. Doesn't think the current correction is over yet.
BUY
Likes this one a lot. Likes their oil sands exposure and their conventional oil business. Trades at a lower price on net asset value than any of the big companies. A real bargain.
BUY
Likes the integrateds a little more than the pure producers.
PAST TOP PICK
(A Top Pick Sept 1/05. Down 12%.) Had reccommended it because it was inexpensive on a cash flow/earnings basis and it still is. A fantastic stock to own. He is currently adding to his position at this price.
TOP PICK
Very cheap stock. In the doghouse with investors since Jan/04 when they downgraded their reserves and production growth outlook. A major partner in Newfoundland will be coming on line at 100,000 barrels a day at the end of the year. Their partner Syncrude is also expanding production. Fort Hills oil sands is expecting 200,000 a day.
BUY
Expects oil to continue to do well into 2006 and 2007. All the oil companies can do well here. Good level.
BUY
Sells at a significant discount to its peers. Growth profile for the next couple of years looks very strong. Good price.
BUY
All oil stocks have had a pull back. They are pricing in $42 on oil, so not expensive. A very well run company and makes decent money on refining and marketing.
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