Opinions John Stephenson
Provident Energy LtdPVE.TOBUYJul 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.
John StephensonUnknown
$8.57
Stock price when the opinion was issued
oilgas
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PAST TOP PICK
(Top Pick May 16, 2011, Up 53.45%) He took the share exchange. It’s his third largest position.
Michael DecterOwned
oilgas
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.
Michael DecterOwned
oilgas
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.
Bruce Campbell (1)Owned
oilgas
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%.
John StephensonOwned
oilgas
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.
Andy NasrOwned
oilgas
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.
Michael DecterOwned
oilgas
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.
Laura LauOwned
oilgas
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.
oilgas
TOP PICK
Mid stream processor. Extracts natural gas liquids and sells it, essentially near the oil price. Very good business. Pays a good yield.
Michael DecterOwned
oilgas
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
John StephensonOwned
oilgas
