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UTS Energy (UTS.TO)

HOLD
If you believe in the long-term price of oil being better, which he does, the stock could go to $7-$8.
BUY
In the short term, the expected surprise, hopefully to the upside, will be the exploration on lease 311. NAV on current holdings is probably $4.75 to $5.00.
BUY
Has a 30% interest Fort Hills heavy oil project. Believes they will be taken out by Petrocan (PCA-T) or a major company. An excellent play on the oil sands.
TOP PICK
After being out of favour for about 1.5 years, the oil sands are coming back into favour. It will have its share of production out of the Fort Hills project. On lease 14 they will have 50% of the production. The alliance they hold with lease 311 could increase the NAV from $7 to $7.50. He thinks it will be well above 8.
COMMENT
Has had a big move and he would prefer Canadian Oil Sands (COS.UN-T). This would be all right in a basket of oil sand stocks that you plan to own for 10 years.
DON'T BUY
A takeover candidate. The group of oil sands trades around 90% of its asset value. Oil sands needs $45 oil to be economical because the costs of extraction is so high. This is really just a play on oil prices. Pretty much fully valued.
TOP PICK
Exxon-Mobil, Conoco Phillips, Petro-Can are pulling out of Venezuela, so they will be going elsewhere for similar "hunting ground", obvious answer is the oil sands. Petro-Can, Tettamenko, UTS have been involved in developing the 4 hills project, which is very bullish for UTS.
BUY
Be careful and look at each of these projects. UTS is a good way to get exposure to the oil sands business.
STRONG BUY
Have bought in the last week or two, but have bought recently, and will buy it in the future. Not a takeover target. Have bought land to prospect oil, and expect to find 2 possibly 3. Price target is $8 short term, $10 to $12 long term.
TOP PICK
Oil sands. Have great partners through Teck Cominco (TCK.B-T) and Petro Canada (PCA-T).
PAST TOP PICK
(A Top Pick May 15/06. Down 31%.) 2 things went wrong. The worries about any company involved in environmental impact in the oil sands. There was also weakness in the price of oil. A pure exploration play. He bought more at $4.10 and is buying for new accounts.
COMMENT
Environmental concerns will start costing a lot of money. Developmental costs are looking to be a lot higher than initially anticipated. Have some interesting prospects. Would like to see some firm numbers.
BUY
Environmental concerns over the oil sands will be rectified over time. The whole oil sands is up for play. There are rumours it will be taken over.
DON'T BUY
Oil sands leaseholder, not an operator. Petro Canada (PCA-T) and Teck Cominco (TCK.B-T) are involved. Recently bought Lease 14 and sold 50% to Teck, which was very smart move. Good assets. Won't see cash flow for some time. Fully valued.
HOLD
Thinks oil sands are all going to be bought out.
Showing 91 to 105 of 314 entries