AvenEx Energy Corp

AVF-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about AVF-T

Signal
Opinion
Expert
HOLD
HOLD
January 2, 2013

Recently announced they will be merging with Pace Oil (PCE-T) and Charger Energy (CHX-X) into a new company called Spyglass and stock price has dropped. Believes this is because of the aggregation of the 3 enterprises and their relative values as of today. A “show me” story. Has confidence in management.

Recently announced they will be merging with Pace Oil (PCE-T) and Charger Energy (CHX-X) into a new company called Spyglass and stock price has dropped. Believes this is because of the aggregation of the 3 enterprises and their relative values as of today. A “show me” story. Has confidence in management.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$2.740
Owned
Unknown
BUY
BUY
November 14, 2012

Looks like they did not have to cut the dividend after all. He could see someone buying it. It is not following nat. gas prices any more. You can hold it, there is no further short term problem.

AvenEx Energy Corp (AVF-T)
November 14, 2012

Looks like they did not have to cut the dividend after all. He could see someone buying it. It is not following nat. gas prices any more. You can hold it, there is no further short term problem.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$3.120
Owned
No
HOLD
HOLD
October 15, 2012

High-yielding with a 13.5% dividend. About half oil and half gas. Cut the dividend last spring worrying about natural gas prices dropping drastically over the summer but since then North America had a hot summer so natural gas storage looks better. Surprised the stock isn’t a bit higher. Payout ratio is only about two thirds.

AvenEx Energy Corp (AVF-T)
October 15, 2012

High-yielding with a 13.5% dividend. About half oil and half gas. Cut the dividend last spring worrying about natural gas prices dropping drastically over the summer but since then North America had a hot summer so natural gas storage looks better. Surprised the stock isn’t a bit higher. Payout ratio is only about two thirds.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$3.100
Owned
No
DON'T BUY
DON'T BUY
August 20, 2012

Junior oil/gas producer that cut the dividend, to his surprise. It has continued to decline to the point where that he has started thinking about it as a possible re-buy at some stage. They were pretty close to the edge as far as cash flow goes and, as well, they are about half gas. If prices stay where they are, they are completely fine. Payout ratio is 65% on a run rate. They could cut the dividend again. He is going to wait 3 months through the shoulder season and if gas doesn’t go down and they haven’t cut, it will probably be pretty clear and they might look at it.

Junior oil/gas producer that cut the dividend, to his surprise. It has continued to decline to the point where that he has started thinking about it as a possible re-buy at some stage. They were pretty close to the edge as far as cash flow goes and, as well, they are about half gas. If prices stay where they are, they are completely fine. Payout ratio is 65% on a run rate. They could cut the dividend again. He is going to wait 3 months through the shoulder season and if gas doesn’t go down and they haven’t cut, it will probably be pretty clear and they might look at it.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$2.840
Owned
No
COMMENT
COMMENT
July 6, 2012
Was trading in the $5 range but took a big drop in April and continued to drop. At some point, a Stop should have been put in, probably $4 range.
Was trading in the $5 range but took a big drop in April and continued to drop. At some point, a Stop should have been put in, probably $4 range.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$3.010
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 28, 2012
(Top Pick Jun 7/11, Down 39.50%) Cut dividend a few months ago and he sold the bulk of his stock. Only paying out 60% of their cash flow. There needs to be some catalyst now. He would wait until the end of the summer to buy back in.
(Top Pick Jun 7/11, Down 39.50%) Cut dividend a few months ago and he sold the bulk of his stock. Only paying out 60% of their cash flow. There needs to be some catalyst now. He would wait until the end of the summer to buy back in.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$2.980
Owned
No
PAST TOP PICK
PAST TOP PICK
May 28, 2012
(Top Pick Jun 7/11, Down 29.66%) They cut the dividend about 6 weeks ago. He sold most at $4.93 and is now buying back. Only pays out 60% if gas averages $2. He would hold it but watch gas like a hawk through the summer. 11% dividend. Stock may bounce back a little more.
(Top Pick Jun 7/11, Down 29.66%) They cut the dividend about 6 weeks ago. He sold most at $4.93 and is now buying back. Only pays out 60% if gas averages $2. He would hold it but watch gas like a hawk through the summer. 11% dividend. Stock may bounce back a little more.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$3.550
Owned
Yes
COMMENT
COMMENT
March 30, 2012
Small junior oil. Lowered its dividend so took a hit. Had some gas and the hedges are coming off. Looks at it as short-term pain for long-term gain. He is currently considering adding to his position at this price. Any time below $4.40, it is a Buy.
Small junior oil. Lowered its dividend so took a hit. Had some gas and the hedges are coming off. Looks at it as short-term pain for long-term gain. He is currently considering adding to his position at this price. Any time below $4.40, it is a Buy.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$4.430
Owned
Yes
HOLD
HOLD
March 23, 2012
Had a dollar plus move in both directions, in Oct, recovered. So it's a very steady trader. Thinks it might go up a bit.
Had a dollar plus move in both directions, in Oct, recovered. So it's a very steady trader. Thinks it might go up a bit.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$5.560
Owned
Unknown
STRONG BUY
STRONG BUY
February 6, 2012
9.8% yield. Two thirds an oil producer and one third butane/propane/ethane marketing business that provides a steady cash flow. Their gas is only 2% of their output. Payout ratio last year was 56%.)
AvenEx Energy Corp (AVF-T)
February 6, 2012
9.8% yield. Two thirds an oil producer and one third butane/propane/ethane marketing business that provides a steady cash flow. Their gas is only 2% of their output. Payout ratio last year was 56%.)
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$5.510
Owned
Yes
TOP PICK
TOP PICK
January 3, 2012
About 70% oil/gas producer and 30% butane/propane marketing. Nice stable marketing business that just sort of cash flows year in and year out. Good hedges on gas but as they royal off, all the new spending is on oil. Trading at a 10% yield just because no one follows it. Payout ratio is only about 60%.
About 70% oil/gas producer and 30% butane/propane marketing. Nice stable marketing business that just sort of cash flows year in and year out. Good hedges on gas but as they royal off, all the new spending is on oil. Trading at a 10% yield just because no one follows it. Payout ratio is only about 60%.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$5.290
Owned
Yes
STRONG BUY
STRONG BUY
December 7, 2011
Was a holding company that is now 95% of the way to becoming a junior oil producer with a gas marketing side. Not followed and is way below the radar. Yield is 11% and paying about 60% of cash flow in dividends.
AvenEx Energy Corp (AVF-T)
December 7, 2011
Was a holding company that is now 95% of the way to becoming a junior oil producer with a gas marketing side. Not followed and is way below the radar. Yield is 11% and paying about 60% of cash flow in dividends.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$5.030
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 26, 2011
(Top Pick Oct 6/10, Down 2.91%) 12% yield probably because it is small and Brice is probably the only guy that talks about it. Really good balance sheet. He is going to keep holding it.
AvenEx Energy Corp (AVF-T)
October 26, 2011
(Top Pick Oct 6/10, Down 2.91%) 12% yield probably because it is small and Brice is probably the only guy that talks about it. Really good balance sheet. He is going to keep holding it.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$5.100
Owned
Yes
BUY
BUY
August 22, 2011
9.9% dividend so people might be buying this for that reason and he would expect too much from the capital side. A lot of thinly traded stocks just collapsed. Chart shows a severe drop but a nice recovery on good volume. Expect there will be some resistance around $5.90-$6. Use and exit of $5.15.
9.9% dividend so people might be buying this for that reason and he would expect too much from the capital side. A lot of thinly traded stocks just collapsed. Chart shows a severe drop but a nice recovery on good volume. Expect there will be some resistance around $5.90-$6. Use and exit of $5.15.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$5.450
Owned
Unknown
HOLD
HOLD
August 15, 2011
Changing itself from a little bit of a conglomerate. In the process of selling off their real estate. This one is under the radar with no coverage on Bay Street, which is why it is cheap. 10% dividend. Just reported a quarter which was a little ahead of his expectations.
Changing itself from a little bit of a conglomerate. In the process of selling off their real estate. This one is under the radar with no coverage on Bay Street, which is why it is cheap. 10% dividend. Just reported a quarter which was a little ahead of his expectations.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$5.490
Owned
Yes
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