Suncor Energy Inc (SU.TO)

94% oil / 6% Nat Gas. If you can get it in the low $30s buy, but don’t chase it. There is no urgency to buy it now.

(Top Pick Apr 30/13, Up 27.96%) Seeing a very large change in the economics of Natural Gas. He has deployed some profits to the Nat Gas side to diversify.

Energy names in Canada are starting to break out a bit. Hold onto this particular stock. Thinks it will start to perform.

Has done a good job of generating tons of free cash flow and are on a trajectory of increasing their dividend.

Hasn’t owned this for a long time, but only because of the yield. He has it with a $48 target.

Going to continue to hold this.

His Fair Market Value on this is $70, a 90% upside. Pays out 2.5% dividend yield. This is one of those stocks that is a perfect portfolio stock, so if you have a portfolio of 40 names, it is a perfect company to have in there. Thinks this grows along with its balance sheet. It is looking for a catalyst in terms of harnessing all the upside value and it will happen.

Has been a disappointment along with most oil sands producers. Has been kind of just treading water and going sideways however, some of them have started to stick their nose up now, which he is very happy about. Would have no problem buying this. Thinks it has a great future. It has to break out of its sideways pattern. (See Top Picks.)

(A Top Pick April 10/13. Up 23.78%.) Not doing a very good job at growing their cash flow per share growth right now. It’s only about 2.5% over the next couple years. Part of that is because, he assumes, they are not going to get anything from their Libyan production. Longer-term, this is a good company with a lot of catalysts. Does not see a compelling reason to buy this one over something else.

Chart shows a disappointing period from late 2011 into early 2013 with a lot of congestion. It finally broke out in mid-2013 and he doesn’t feel it would do you any harm. Doesn’t see any more upside than what is already there. Imperial (IMO-T) and Husky (HSE-T) both tried a breakout and ran into resistance. If you’re happy with the yield, you are probably going to be okay with this but there are probably better places to be.

Likes the story, where they are in the oil sands. Sees more US interest in the oil sands. Not his Top Pick but a stable one. It needs a move in the group overall and more positive sentiment for the oil sands.

Trading at about 1.25X Book. Against its own history, that is cheap. Decent earnings and good upside potential if the energy sector can get going. If it can’t, you are in bed and the mattress is right there, safe and solid. Very little downside risk. Yield of 2.54%.

This is in a period of seasonal strength, 3^rd week of January right through until May of each year. Chart shows that it is not doing it this year. Technically it is underperforming the energy sector in general. Also, slightly underperforming the market. If it moves above its resistance of around the $38 level, this gives it a more positive technical picture and you could consider it at that time. Go with the ones that have the best momentum.

Had a really nice run over the course of the last 12 months as a result of the Warren Buffett’s stock purchase. This is an American name now because Warren likes it. Canada has really been hurting from oil differentials that have widened out. There is a discount being applied to the oil sands. This hasn’t been an area which investors favour. Wouldn’t add to this one anytime soon because there are other better plays out there. (See Top Picks.)

Has good 8%-10% production growth over a decade. This is the one that Americans come to first because it is the largest one with the biggest market. He thinks there is better value elsewhere. It is not cheap enough for him to repurchase what he sold. (See Top Picks.)