Vermilion Energy Inc (VET.TO)

He is not a fan of the energy sector currently. It continues to strike him how poorly this sector is preforming relative to the commodity price. He would look elsewhere than the energy sector. Yield %. (Analysts’ price target is $ )

Good quality name. The payout ratio is 109% compared to 124% for the peer group. They just made an acquisition that seems accretive. The balance sheet seems a little vulnerable. All in if you are neutral in energy, it is a trade. (Analysts’ price target is $54)

VET-T vs. SU-T. He would more toward SU-T because it is longer term and you get a higher discount. His money has gone toward the drillers recently.

Distribution is pretty high. The balance sheet is a bit stretched. They have an income stream from Europe and Australia as well as the US. Canada is their biggest income stream.

VET-T vs. CNQ-T. VET-T is trading a bit more expensively. She likes the CNQ-T story better from a valuation perspective.

Recommended the stock before. Good asset base in Europe. Sells Brent and higher cost oil. Pays a reasonable dividend. Good way to get your toe in the energy market without taking too much risk. (Analysts’ price target is $53.73)

They get very high gas prices in Europe. The stock has held up very well. It could be a core holding.

This is part of his thesis that energy stocks will be a beneficiary of a market rotation. Thinks there is some catch up to be done on oil. Oil moved up from about $50 to about $61, and yet this company is just starting to move. Chart shows it has based, putting in higher lows, and thinks it is just the beginning. Wouldn't be surprised if this got back into the low $50s. (Analysts' price target is $51.50.)

(Market Call Minute.) A super high-quality company. It has a multiple that demonstrates that. He would sell this and buy an out of favour inexpensive US oil producer instead.

This is one he wouldn't hesitate to buy today, but there is a possibility you could get it at a lower price. Oil and gas is not going away and demand is growing every year. This company has been a great consistent operator in multiple jurisdictions. They've never cut the dividend. Dividend yield of 5.5%.

(A Top Pick July 27/16. Up 9.79%.) A natural gas producer, but they produce into the European market at a much higher gas price. They hedge, and are in 4 different basins. It has a high valuation, but it consistently meets and pays its dividend, plus you get a little bit of growth. 50% of the Cap X is coming back to Canada from Europe. They've had incredible rates of return, and are now saying they are going to get the same rates in Canada. So far, it’s been true.

They have a lot going for them going forward. They have a diversified international portfolio. It trades at a premium to NAV because of the attractive dividend. It is a growth story and people love it because of the dividend.

It is diversified into Europe and Australia. It will probably be impacted a little by tax loss selling. It is very well run and is a low cost operator.

It is a hybrid. It has held up relatively well. They are a good producer with a decent yield. It is not expensive if you think oil stays at $55 or could even run to $60. He likes energy for the last little while.

(A Top Pick Dec 2/16. Down 18%.) He was too soon on this. The main attraction is its European location, and being able to work with European regulatory types. Have decent fields that will continue to be developed. Good dividend.