Lyle Stein PrairieSky Royalty PSK-T PAST TOP PICK Apr 26, 2018

Stockchase Research Editor: Michael O'Reilly We reiterate PSK, a oil and gas royalty, generating strong cash flow, as a TOP PICK. The company avoids the capital investment treadmill of a traditional oil and gas producer, yet it has tripled its acreage exposure over the past eight years and has used its free cash flow to rapidly pay down debt. Even at $50 WTI prices, the company will produce sufficient free cash flow to allow it to expand its portfolio further. We recommend trailing up the stop loss (from $14.50) to $15.75, looking to achieve $22.50 -- upside potential over 19%. Yield 2.54% (Analysts’ price target is $22.21)

(A Top Pick Sep 20/22, Up 18.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PSK is progressing well. To remain disciplined, we recommend trailing up the stop to $20 at this time.

(A Top Pick Sep 20/22, Up 20.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PSK has achieved its $22.50 target. To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $20. If triggered, this would result in a net investment gain of 15%, when combined with this recommendation to cover half.

(A Top Pick Sep 20/22, Up 46.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with PSK is progressing well.  To remain disciplined, we recommend trailing up the stop (from $20) to $23 at this time.  

(A Top Pick Sep 20/23, Up 23.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with PSK has triggered its stop at $23.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 27%, when combined with our previous recommendations.