Vermilion Energy Inc (VET.TO)

Part of the high-yield group that has done so well for so many years. They deserve the premium multiple they have. Next year, when their current project comes on, you’re going to see a huge growth in cash flow production, and she thinks they will grow into that multiple. Just bought this stock last week.

This is really a good, long term Hold. Has a decent yield, and a very interesting collection of oil properties giving you international diversification. Getting a lot of their oil prices in Brent which is $8 more than West Texas. In the near-term, they have the Irish gas play, which gives them more growth. Very attractive yield of 3.5%, which should be able to go up.

A core holding of his for years and years. They have not ever cut the dividend. Expects 6-7% dividend increases going forward. Likes the oil weighted exposure and to Brent crude pricing.

This company has done outstandingly well. Great management. Have really executed well. He keeps looking for a time when maybe it stumbles and pulls back, so that he can get into it. They have been talking about the gas project in Ireland for a very long time. Very good project if it works, but engineering of deep water gas reservoirs is tricky. Until they actually have the gas flowing for a long period of time, this is still up in the air.

(Market Call Minute) Core holding. Put it away and it will make you money.

(A Top Pick April 1/13. Up 37.07%.) This is a core holding for him. They are in the Netherlands, France, Ireland and Canada. Great company and great yield. Pristine balance sheet. Fantastic management.

Sees cash flow growing at 12% in each of the next couple of years. Have an asset in Ireland that should be coming online in 2015 and could be another 25% accretive. Have lots of production catalysts in Hungary, Germany and the Netherlands. Great metrics. Strong balance sheet. Low payout ratio. Strong recycle ratio. Really benefits from Brent pricing because two thirds of its production is overseas. Doesn’t trade that much higher than its peers for that quality.

You are now looking at what is going on in their Irish asset and whether it comes on stream. Management knows how to take oil/gas and turn it into dividends. Has been a solid dividend grower and he doesn’t see this going away. 4% dividend yield.

Has 40% exposure to the Brent price of oil. Generating revenues outside of Canada and participating in a global economic recovery. Have assets in Ireland, Netherlands, France and now more recently in Germany. On track to generate in excess of $200 million in annualized cash flow. Dividend yield of 4.1%.

High-margin/low decline product. Very strong capital efficiencies. Have some of the best net backs in the industry. They have predominantly global commodity exposure. About 80% of production is levered to oil liquids or high net back European gas. Have a big exposure to Brent crude. Very sustainable and supportable dividend growth model. Yield of 4.29%.

Likes their international flavour. They get more money per barrel. Good yields.

Admired the execution by the management team. Their diversified interests have been well received. The one cautious note is that they are bringing on a large offshore gas project in Ireland. The trouble with offshore natural gas is that it is not as predictable in terms of reservoir quality and how is going to flow. He would like to see this de-risked and flowing before taking a long-term position in this one.

(Market Call Minute.) Very well managed company. Has always run a little bit ahead of what he was willing to pay.

This one had a great breakout. It is doing a series of consolidations along the way. Currently it is in one of the consolidations. The upper trend line that it started this year is still very much intact. He expects the little triangle “flag formation” will break out to the upside. Great-looking chart.

Likes its operations in Canada, Australia and Western Europe, particularly because of the international diversification. Dividend yield of 4.6%. Simple payout ratio of 35%. The “all in payout ratio” is at 100% and allows for better cash flow as well as stable and reliable growth in dividends.