Renegade Petroleum Ltd. (RPL.V)

PAST TOP PICK

(Top Pick Dec 7/11 Down 12.85%) Had a good run and then is now soft. They did everything they said they would do. 9% yield sustainable. He is sticking with it.

TOP PICK

Recently converted to dividend paying company. Thinks it is under the radar screen of fund managers for a couple of quarters. Will trade to a 7.5% yield.

BUY

Is transitioned to a dividend paying company. Focused on sustainability of dividend. Small growth and some income.

BUY

Have made a transformational acquisition and basically have turned themselves into a lower growth but much higher dividend player. Very attractive yield.

BUY

A modest performer because small cap stocks have not been the flavour of the day. Trading at 3.3X 2013 cash flow where the average would be 4.5-5. Sitting on a well inventory of about 7 years worth of drilling. About 25% of that inventory has incredible economics. Has them growing production this year by about 60% and next year by about 40%.

PAST TOP PICK

(A Top Pick Sept 12/11. Up 1.41%.)

BUY

(Market Call Minute.) Good growth story. Outperform with a $5 target.

BUY

Likes this one. Management has done a great job. Very nice growth profile. Light oil play in Alberta. Valuation is very cheap. Has been hit with the light oil differential over the last quarter.

STRONG BUY

(Market Call Minute.) His favourite Junior oil. One year target of over $4. Has good production growth and part of it is hedged. 97% oil.

DON'T BUY

If it has finance risk, then it will tend down but he would not risk it. Thinks oil prices will soften.

BUY

Some of the best netbacks in the space.

COMMENT
Had the 3rd or 4th highest net back in Canada. This allows them to grow production in a lower price environment. Will grow production by 77% this year at $80 oil on a cash through neutral
COMMENT
Have the 3rd or 4th highest net back in Canada, which allows them to grow production in a lower price environment. They’ll grow production 77% this year. At $80 oil on a cash to neutral budget (?) where you only spend your cash flow, he thinks they can grow by 27% in 2013. Stock is trading below 4X next year’s cash flow. Will be drilling their Sennex property, which could set them up for another leg of growth. If you are a long term investor, this could be back up to $3.75-$4 easily.
BUY
A light oil producer in Alberta. Have some of the highest net backs in the industry. Assuming flat to higher prices, he could easily see the stock doubling from current levels. Has got some of the best plays in the basin.
WAIT
Favourite oil. Hedged, 97% oil. Growth right through this whole thing. Trading at 3x cash flow and $0.50 on the dollar to net assets. There was a large manager change 3 days ago on a resource fund and have until tomorrow to set themselves up so as to be measured starting July 1. Heard this is on the list. They could blow out positions.
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