Whitecap Resources (WCP.TO)

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.

(Market Call Minute.) Torc Oil & Gas (TOG-T) or Whitecap Resources (WCP-T)? He likes both companies and maybe this one today due to valuation.

They are more at the top of the list. The balance sheet is in good shape. They raised a lot of capital and employed it efficiently. They have demonstrated growth to justify their valuation.

A core name in her portfolio, and should be a core name for anyone looking for exposure to an upside in oil. Recently did an acquisition of Husky’s (HSE-T) Southwest Saskatchewan assets. This gives a pretty nice accretion to the cash flow. They are going to have a lot of opportunity to enhance the productivity of those assets. She is adding to her holdings on pullbacks.

(Market Call Minute.) Good management team, good assets, good execution and pays a dividend, but he would own Spartan (SPE-T) instead.

(Market Call Minute.) Make sure you know where oil is going. This would be a Hold to a weak Sell. He might look at this in 6 months’ time.

He chose to re-enter the sector when the US$ rolled over. This has a lot of light oil and liquids, and is a low cost producer. This is a good combination of being in the right place, with the right cost structure, and a clean balance sheet. Look at this as an opportunity to capture part of that move on the energy side. Has a very long reserve life as well. Dividend yield of 3.11%.

It has been underperforming the last couple of months for reasons that he thinks are unfair. They acquired a company with a hedging position on oil. Management monetized the position and constrained their losses. He feels they will decrease their dividend by about 50% soon. The story is becoming more intriguing than it was a month or so ago. He is holding out for a lower share price.

One of the few oil stocks he has continued to hold for the longer term. Their finding costs are extremely low and have made some great acquisitions in the last couple of years. Well financed.