Stockchase Opinions

John Stephenson Provident Energy Ltd PVE-T BUY Jul 18, 2011

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.
$8.570

Stock price when the opinion was issued

oil gas
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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.
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.
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%.
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.
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.
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.
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.
PAST TOP PICK
(Top Pick May 16, 2011, Up 53.45%) He took the share exchange. It’s his third largest position.
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 Nov 8/11, Up 36.97%) No longer exists. She would have kept the shares in the settlement.