Shell Canada (SHC.TO) Buy, Sell or Hold

Shell Canada (SHC.TO)

0.00

-0.00 (0.00%)

10 watching

DON'T BUY

Their results have not been as good as some of the other integrated players, but not an expensive stock. Certainly defensive in this type of volatile market. People are probably concerned about their participation in the oil sands projects they are involved in and they are clearly going to have to spend a lot more money to execute these projects.

BUY ON WEAKNESS

Doesn't get a lot of attention and it may be because Royal Dutch owns 73%. Likes their Athabascan project. Good production and very expandable and they are going to spend more capital there. Buy a little on weakness and tuck it away.

HOLD

Little more expensive than others and has a premium because of its oil sands exposure. Would prefer in the low $30’s or high $20’s.

PAST TOP PICK

(A Top Pick Aug 5/05. Down 3.2%.) Valuation looks pretty good. Sourcing of the profit growth looks pretty good. ROE is deteriorating. Sold his holdings.

DON'T BUY

Model price is $39.07 which is a -1% differential. Made his money on this company and moved on back in October. Dead money going forwards.

DON'T BUY

They are blowing their brains out on the costs of their oil sands project. This is why they have under performed the rest of the market. Prefers others.

DON'T BUY

The upward trend line was violated in April. Once you break a trend line, the Up is over.

HOLD

A great company. Multiple is a little high. Good mix of product.

BUY

The way oil stocks came off their lows in May has been very impressive. Also crude oil has acted very impressively. Feels there is another leg higher.

DON'T BUY

In the integrateds in Canada, this is the weakest company. Costs have gone out of control on their oil sands project. When gasoline margins were sky-high, they had problems with their Montréal refinery.

WEAK BUY

Not going anywhere because there is no news to drive the stock. Nothing wrong with this company.

WEAK BUY

If you're looking for a large cap name that is integrated, he would suggest Imperial Oil (IMO-T) or Petro Canada (PCA-T). Nothing wrong with it, it just has a higher valuation than any of them.

DON'T BUY

A great company. He looks for companies that make higher highs in each successive leg of the bull market. This hasn't happened with this company.

BUY

Their largest play is the Athabascan oil play. Have brought production costs down to $22/23 a barrel. No debt and very strong balance sheet. Has fairly high valuation, but there are good reasons for it.

WEAK BUY

Affiliated with some of the oil sands. Has good prospects. Has had a good run. A little more pricey. Prefers CNQ (CNQ-T), Talisman (TLM-T) or Petro Canada (PCA-T).

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Shell Canada (SHC.TO)