Opinions
Irwin Michael, B.Com, MBA
Strad Energy Services
SDY-T
TOP PICK
Jun 13, 2013
$3.320
Stock price when the opinion was issued
oil
gas
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TOP PICK
Oil services company. Provides services and rental equipment. Good management. Very cheap at slightly above BV. Expect they will earn at least $.50 this year and more next year. With oil at $100, a lot of the service companies will do quite well. Just sold one of their low-margin businesses. Expect their margins to be 25% plus.
oil
gas
TOP PICK
Could be a take-over candidate. Management is building up the company, selling off one of their low margin businesses. Energy and services plus non-bank financials are his two best sectors. Run by an excellent group. Extraordinarily cheap and they are already set up. Not that well followed. Could be a take-over candidate in time.
oil
gas
HOLD
One of the more conservatively run oil service companies. A smaller oil service business. He likes some of the stuff they do in their rig matting and gas compression businesses. They have an acquisition strategy, and in this environment they may see some opportunities that could be accretive to shareholders. Balance sheet is pretty clean. Yield of 8%.
oil
gas
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6.7% dividend. They are all set up. 50/50 Canada and US. Excellent management. Expects they will be more of a growth stock but he bought it as a value stock. He is optimistic on Nat Gas prices going forward. This could be a take-over candidate down the road.