Provident Energy Ltd (PVE.TO) Buy, Sell or Hold

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Provident Energy Ltd (PVE.TO)

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-0.00 (0.00%)

19 watching

PAST TOP PICK

(Top Pick Nov 8/11, Up 36.97%) No longer exists. She would have kept the shares in the settlement.

PAST TOP PICK

(A Top Pick Jan 4/12. Up 24.24%.) Acquired by Pembina (PPL-T), which he still holds.

PAST TOP PICK

(Top Pick May 16, 2011, Up 53.45%) He took the share exchange. It’s his third largest position.

BUY

Being acquired by Pembina Pipeline (PPL-T) in a couple of weeks. Might be a very smart strategy to buy into this one now as a way of getting into Pembina. You get a little bit of accretion when it is taken over. Good defensive name with midstream assets.

WEAK BUY

A great company and business, and he likes the space. It is a mid-stream play on oil. It should do quite well here. There is good strong growth in cash flow and a relatively low payout ratio. Caution would be that the space has had a good run.

TOP PICK

Thinks it is the bargain interpipe. Has been buying for quite some time. 40% of cash flow from frack spreads. They will stay terrific. Nat Gas will not make a comeback this year. 10% gain plus dividend in this stock.

COMMENT

A kind of hybrid facility type company that has sold off production. He owns the convertible debenture, which is a safer way and still has pretty good yield. Good way to get some yield and have protection in case anything happens.

HOLD

Mid-streamer. Takes the liquids out of the gas stream and sells it at a price closer to oil. Earnings are kind of at the top of it's cycle. A Hold not a Buy but he likes the name. Yield of 5.6%.

HOLD

Extreme company that focuses on infrastructure. Have a great development pipeline, which they can potentially expand their services. Confident that they will be able to increase their dividends in the next 12-18 months. Valuations in this sector are getting a little bit stretched.

TOP PICK

Has run up less than its competition Keyera (KEY-T), Inter Pipe (IPL.UN-T) and Altagas (ALA-T). In the frac spread area so benefits from that. Is amongst the lowest payout ratios in the group so are equipped to raise their dividend. 100% midstream now.

TOP PICK

Mid-streamer that processes gas. Cheaper, about 2 multiple points below others. Has a lot more commodity price exposure (frac spreads) than others. Have also been able to grow their revenues outside of the commodity spread with long-term hedging and long-term contracts. Debt is much lower than peers.

BUY

One of those stocks she loves. Bought in last two or three months. Spun off most of oil and gas production and are focusing on mid-stream. Less volatility in cash flow and earnings. They are relatively new in this mode and are relatively unknown. You are going to see multiples going up and that’s why she has been buying it.

TOP PICK

Mid stream processor. Extracts natural gas liquids and sells it, essentially near the oil price. Very good business. Pays a good yield.

BUY

Long term potential is very positive. Gas players are going into Alberta and looking for liquid rich gas. This is where PVE comes in and removes the constituent components. Very profitable business.

BUY

Likes it. They strip out liquid streams from natural gas, which is lucrative. Spreads are very wide compared to historical norms. You are into a period of a year or two where gas prices will be weak and oil will be strong

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Provident Energy Ltd (PVE.TO) Frequently Asked Questions

What is Provident Energy Ltd stock symbol?

Provident Energy Ltd is a OTC stock, trading under the symbol PVE.TO (previously PVE-T on Stockchase) on the undefined (undefined). It is usually referred to as or PVE.TO

Is Provident Energy Ltd a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on PVE.TO (previously PVE-T on Stockchase) on Stockchase. Read the latest expert commentary for Provident Energy Ltd.

Is Provident Energy Ltd a good investment or a top pick?

Provident Energy Ltd was recommended as a Top Pick by John Stephenson on 2011-06-06. Read the latest stock experts ratings for Provident Energy Ltd.

Why is Provident Energy Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Provident Energy Ltd.

Is Provident Energy Ltd worth watching?

Provident Energy Ltd is followed by 19 investors on Stockchase and is a trending stock that is worth watching.

Most Recent Experts

Joe Terranova

Virtus Investment Partners

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Rob Sechan, Managing Partner, New Edge Capital

New Edge Capital

Gordon Reid

GoodReid Investment Counsel

Jim Cramer - Mad Money

CNBC

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Provident Energy Ltd (PVE.TO)