Whitecap Resources (WCP.TO)

(Market Call Minute.) Lots of growth and a very sustainable model. Also, you get paid even at these oil prices.

It has bought companies before. What they do with their credibility and clean balance sheet is to buy assets from struggling companies. It pays a dividend of 2.68% and they don’t take on debt to pay you a dividend.

White Cap Resources (WCP-T) or Freehold Royalties (FRU-T)? When thinking between 2 light oil producers like this, there is really a big business model difference. This one is an operator. It owns lands and produces wells and does everything itself. Freehold is a royalty company, where other players produce on their land and they get a fee for that. Freehold is a little less risky, but this has a little more upside if oil prices go up.

The stock is undervalued on a relative and absolute basis. They spread themselves out more than some are confirmable with. People have strong confidence in the management team. Buy it on a pullback.

Whitecap (WCP-T), Crescent Point (CPG-T) or Cardinal Energy (CJ-T)? Crescent Point and Whitecap are very similar and would be on his list.

(Market Call Minute.) Doesn’t have a recommendation, but doesn’t like their model.

(A Top Pick March 17/16. Up 16.2%.) This is a company that he continues to have a very large weighting in. He would recommend this to people who are looking for a long-term investment in oil/gas, and want to derive income from their investment.

Still likes it.

Had been Long on this. If you have a constructive view on oil prices, and wanted some reasonably safe exposure with some yield, this is probably the “go to” name. Very solid management team. The dividend should be safe and the assets are reasonably good.

Right now he is very lightly positioned in energy. It has had a big move and he has seen a lot of energy stocks back up. A good company and management is fine. Doesn’t think you are going to get hurt on this except just through the general commodity malaise.

(Market Call Minute.) Likes the name. It is a play on oil. Very strong management team. One of the go to names for energy investors.

(Market Call Minute.) One of the better yield plays in energy. It has had a nice recovery.

One of the more excellent of the mid-tier Canadian stocks. 2.7% yield.

Acquired some Husky (HSE-T) assets and did an issue to do it. They are making sure their balance sheet doesn’t get stretched. Paid a reasonable price for the assets and believes that they will do well for them.

Or an ETF? His view on ETF’s is that you are just being thrown into a lump of names without the discretion of singling out the companies that he would feel were the best value creators over time. This company is very well-run. Just did an acquisition. Has a long-term track record of creating value for shareholders. Thinks it will significantly outperform any ETF you look at. Sees an increase in dividends as oil price continues to recover.