Fairborne Energy Trust

FEL.UN-T

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

Analysis and Opinions about FEL.UN-T

Signal
Opinion
Expert
HOLD
HOLD
February 12, 2014

Company was forced to do some rather draconian things because it needed to clean up its balance sheet, so it sold a big asset. Stock has been quite buoyant lately because of their liquids rich natural gas play. Their assets, in the heart of a play that is largely governed by bigger companies, are quite attractive. Thinks there is still more upside in the stock.

Company was forced to do some rather draconian things because it needed to clean up its balance sheet, so it sold a big asset. Stock has been quite buoyant lately because of their liquids rich natural gas play. Their assets, in the heart of a play that is largely governed by bigger companies, are quite attractive. Thinks there is still more upside in the stock.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$1.340
Owned
No
BUY
BUY
August 1, 2013

Exceptional project and they are in the way of some big companies. They are good operators. In an area where they can show their brilliance. Players in the area want to own more.

Exceptional project and they are in the way of some big companies. They are good operators. In an area where they can show their brilliance. Players in the area want to own more.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$1.740
Owned
Unknown
BUY
BUY
June 5, 2013

Has a huge respect for management. Sold off some of their assets, which was good, because they got rid of a bunch of debt. Feels they have some spectacular assets in west central Alberta.

Has a huge respect for management. Sold off some of their assets, which was good, because they got rid of a bunch of debt. Feels they have some spectacular assets in west central Alberta.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$1.830
Owned
No
COMMENT
COMMENT
September 11, 2012

Hasn’t owned this one for a while as she was concerned about high debt levels. Now sold off some assets to bring down their debt level. In the last couple of months she has seen a little bit of the energy sector start to perk up. A lot of people have been disappointed because of the weakness in the energy space since 2008 and she is now seen a little bit of excitement. If that happens, that will drive this company prices more so in the next few months. On the right track, but it could take a little bit of time. If you own and you think energy prices will be going up, consider Selling for tax loss purposes.

Hasn’t owned this one for a while as she was concerned about high debt levels. Now sold off some assets to bring down their debt level. In the last couple of months she has seen a little bit of the energy sector start to perk up. A lot of people have been disappointed because of the weakness in the energy space since 2008 and she is now seen a little bit of excitement. If that happens, that will drive this company prices more so in the next few months. On the right track, but it could take a little bit of time. If you own and you think energy prices will be going up, consider Selling for tax loss purposes.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$1.510
Owned
No
DON'T BUY
DON'T BUY
August 31, 2012

Haven’t been a very strong operator. Sold Belly River assets to DeeThree (DTX-T) who were able to make money off this play. Have sold the balance of their gas assets to Bonavista (BNP-T) so they are left with the Cardium play. This is more of a “show me” story and she needs to see them execute on whatever they have left.

Haven’t been a very strong operator. Sold Belly River assets to DeeThree (DTX-T) who were able to make money off this play. Have sold the balance of their gas assets to Bonavista (BNP-T) so they are left with the Cardium play. This is more of a “show me” story and she needs to see them execute on whatever they have left.

Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$1.320
Owned
No
HOLD
HOLD
July 16, 2012
This company is up for sale but the challenge is that there is so much product on the market. Debt situation is much higher than what he is comfortable with.
This company is up for sale but the challenge is that there is so much product on the market. Debt situation is much higher than what he is comfortable with.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.720
Owned
Unknown
SHORT
SHORT
July 16, 2012
Up for sale. There is so much product on the market now that this will be difficult. Debt is much higher than what he is comfortable with.
Up for sale. There is so much product on the market now that this will be difficult. Debt is much higher than what he is comfortable with.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.720
Owned
Unknown
COMMENT
COMMENT
June 27, 2012
Doesn’t see any immediate concern. Can’t see any funding problems. The smaller size and macro issues are the only concerns.
Doesn’t see any immediate concern. Can’t see any funding problems. The smaller size and macro issues are the only concerns.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$1.260
Owned
Unknown
SPECULATIVE BUY
SPECULATIVE BUY
March 21, 2012
He likes selling tax losers in April/May. His partner has this one as a speculative buy. Hopefully they get a bidding war going but it is not certain that will happen.
He likes selling tax losers in April/May. His partner has this one as a speculative buy. Hopefully they get a bidding war going but it is not certain that will happen.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.610
Owned
Unknown
COMMENT
COMMENT
February 23, 2012
There is a little bit of support building at around $2.50. The downtrend has been broken. From the risk/reward point of view he would want to buy with Stop at around $2.40. If this breaks upwards with some volume, $3.50 then $4 he would continue adding but continue to move your Stop up. Would prefer Talisman (TLM-T).
There is a little bit of support building at around $2.50. The downtrend has been broken. From the risk/reward point of view he would want to buy with Stop at around $2.40. If this breaks upwards with some volume, $3.50 then $4 he would continue adding but continue to move your Stop up. Would prefer Talisman (TLM-T).
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$2.640
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
January 11, 2012
(Top Pick Feb 16/11, Down 46.94%)
(Top Pick Feb 16/11, Down 46.94%)
Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$2.620
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 15, 2011
(A Top Pick Oct 14/10. Down 27.87%.) Continuing to add to his holdings. Have no respect, even though they have been moving the needle every quarter.
(A Top Pick Oct 14/10. Down 27.87%.) Continuing to add to his holdings. Have no respect, even though they have been moving the needle every quarter.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$2.890
Owned
Yes
BUY
BUY
December 6, 2011
In their vice president’s portfolio where they still think it is a buy. At some point it could have a run. There have been corporate issues for some time. They seem to be moving in the right direction now. The price of Nat. Gas has not been a help.
In their vice president’s portfolio where they still think it is a buy. At some point it could have a run. There have been corporate issues for some time. They seem to be moving in the right direction now. The price of Nat. Gas has not been a help.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.440
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 7, 2011
(A Top Pick Feb 16/11. Down 46.94%.) Sold his holdings before the big drop.
(A Top Pick Feb 16/11. Down 46.94%.) Sold his holdings before the big drop.
Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$2.710
Owned
No
PAST TOP PICK
PAST TOP PICK
September 12, 2011
(Top Pick Sep 13/10, Down 18.65%) At one point it was up 20%. They produced some really nice results this morning, but the market just doesn’t care right now. Not for the weak at heart.
(Top Pick Sep 13/10, Down 18.65%) At one point it was up 20%. They produced some really nice results this morning, but the market just doesn’t care right now. Not for the weak at heart.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$3.570
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 16, 2011
(A Top Pick Feb 16/11. Down 22.32%.) Wet spring so breakup was extended so they missed on their Q2 numbers. Sold his holdings because he saw better opportunities elsewhere.
(A Top Pick Feb 16/11. Down 22.32%.) Wet spring so breakup was extended so they missed on their Q2 numbers. Sold his holdings because he saw better opportunities elsewhere.
Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$3.880
Owned
No
PAST TOP PICK
PAST TOP PICK
June 3, 2011
(A Top Pick Feb 16/11. Down 9.92%.)
(A Top Pick Feb 16/11. Down 9.92%.)
Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$4.670
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 9, 2011
(A Top Pick Sept 13/10. Up 3.37%.) 75%-80% gas. Looking for $7 on it. Good acquisition candidate.
(A Top Pick Sept 13/10. Up 3.37%.) 75%-80% gas. Looking for $7 on it. Good acquisition candidate.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$4.610
Owned
Yes
BUY
BUY
April 1, 2011
Just sold some of their projects for $125 million so they can pay down a lot of debt. He likes companies with clean balance sheets. This could do well from here.
Just sold some of their projects for $125 million so they can pay down a lot of debt. He likes companies with clean balance sheets. This could do well from here.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$5.450
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
March 16, 2011
It was not a very successful trust. Now it is a corp. and is acting more like a junior oil and gas. It is far more successful now. He thought Nat Gas prices would creep up but they didn’t as much as he expected.
It was not a very successful trust. Now it is a corp. and is acting more like a junior oil and gas. It is far more successful now. He thought Nat Gas prices would creep up but they didn’t as much as he expected.
Ben Stadelmann
Vice President, Contra the Heard
Price
$4.710
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 25, 2011
(A Top Pick Jan 13/10. Up 0.18%.) Starting to pick up some steam in the last couple of weeks with some news that it had. Still a Buy.
(A Top Pick Jan 13/10. Up 0.18%.) Starting to pick up some steam in the last couple of weeks with some news that it had. Still a Buy.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$5.480
Owned
Yes
TOP PICK
TOP PICK
February 16, 2011
Intermediate oil/natural gas liquids player in the Peace River/Arch area in Alberta. Missed street expectations in the past but is now starting to focus on higher returns natural gas plays. Looking for significant upside. Very cheap.
Intermediate oil/natural gas liquids player in the Peace River/Arch area in Alberta. Missed street expectations in the past but is now starting to focus on higher returns natural gas plays. Looking for significant upside. Very cheap.
Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$5.240
Owned
Yes
BUY
BUY
December 14, 2010
Somewhat leveraged way to play natural gas. Could rally in the next couple of months – you could trade it.
Somewhat leveraged way to play natural gas. Could rally in the next couple of months – you could trade it.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.270
Owned
Yes
TOP PICK
TOP PICK
October 14, 2010
Natural gas producer that is in the penalty box. About 15,000 BOE's a day. Represents very good upside from a valuation point of view. Calling for gas at $7 which would make this a double. Possible take-out.
Natural gas producer that is in the penalty box. About 15,000 BOE's a day. Represents very good upside from a valuation point of view. Calling for gas at $7 which would make this a double. Possible take-out.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$4.090
Owned
Yes
TOP PICK
TOP PICK
September 13, 2010
Best risk/reward potential in the mid-cap gas universe. Cheap at $40,000 per flowing barrel. If they can garner their multiples and grow production, the stock could be $7.
Best risk/reward potential in the mid-cap gas universe. Cheap at $40,000 per flowing barrel. If they can garner their multiples and grow production, the stock could be $7.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$4.450
Owned
Yes
BUY
BUY
August 31, 2010
Looking at this one closely. Was a trust and converted to a non-dividend paying E&P company. Has been in the “show me” penalty box for while. If they can hit exit guidance and demonstrate success in the Wilrich (Alberta) play there’ll be a gradual re-rating.
Looking at this one closely. Was a trust and converted to a non-dividend paying E&P company. Has been in the “show me” penalty box for while. If they can hit exit guidance and demonstrate success in the Wilrich (Alberta) play there’ll be a gradual re-rating.
Mason Granger
Portfolio Manager, Sentry Investments
Price
$4.250
Owned
No
DON'T BUY
DON'T BUY
April 16, 2010
Has been disappointing over time. Management has made promises that they couldn't keep. If you want exposure to natural gas, there are better ways to do it.
Has been disappointing over time. Management has made promises that they couldn't keep. If you want exposure to natural gas, there are better ways to do it.
Dean Orrico
President, Middlefield Capital Corp.
Price
$4.110
Owned
No
SELL
SELL
March 24, 2010
Large under performer over the last several years. Struggled to grow production. Nordig (?) play didn't work out and they had to reduce reserves that they had attributed to it. Dead money.
Large under performer over the last several years. Struggled to grow production. Nordig (?) play didn't work out and they had to reduce reserves that they had attributed to it. Dead money.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.030
Owned
No
BUY WEAKNESS
BUY WEAKNESS
March 15, 2010
At $3.50, it's not bad value but not one of his favourites. Okay for a long-term purchase.
At $3.50, it's not bad value but not one of his favourites. Okay for a long-term purchase.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$3.940
Owned
No
HOLD
HOLD
March 5, 2010
Cash flows have been relatively strong. It’s hard to see what the catalyst is for the next leg up. They paid down debt in anticipation of acquisitions that might take place down the road.
Cash flows have been relatively strong. It’s hard to see what the catalyst is for the next leg up. They paid down debt in anticipation of acquisitions that might take place down the road.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$4.460
Owned
Unknown
TOP PICK
TOP PICK
January 13, 2010
Gas weighted. Thinks gas prices are going to be fine over the next year or two. Drilling some of the new horizontal multistage fraq wells in Harlech AB and are seeing some early success. The wells are a little more expensive so you need gas prices to stay up.
Gas weighted. Thinks gas prices are going to be fine over the next year or two. Drilling some of the new horizontal multistage fraq wells in Harlech AB and are seeing some early success. The wells are a little more expensive so you need gas prices to stay up.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$5.410
Owned
Yes
BUY
BUY
November 10, 2009
(Market Call Minute) You need the gas price to move. You have to have patience.
(Market Call Minute) You need the gas price to move. You have to have patience.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$4.880
Owned
Unknown
BUY
BUY
November 9, 2009
Gas weighted. Good name and has decent opportunities to turn the register a little. A lot of little catalyst projects that’s doing some infill drilling. In terms of resource base it has one of the biggest opportunities in the juniors.
Gas weighted. Good name and has decent opportunities to turn the register a little. A lot of little catalyst projects that’s doing some infill drilling. In terms of resource base it has one of the biggest opportunities in the juniors.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$4.830
Owned
Unknown
HOLD
HOLD
November 6, 2009
(Market Call Minute.) Gas production and he is biased against gas.
(Market Call Minute.) Gas production and he is biased against gas.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$4.790
Owned
Unknown
BUY
BUY
October 5, 2009
Participated in their recent financing. A great part of any natural gas basket.
Participated in their recent financing. A great part of any natural gas basket.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$4.450
Owned
Yes
DON'T BUY
DON'T BUY
September 14, 2009
Natural gas has been weak and he is staying away from it. Prefers the pure play oil producers that have the capital to build out their plays. Would prefer something like Crescent Point (CPG-T) or the new Petrobakken that is coming out.
Natural gas has been weak and he is staying away from it. Prefers the pure play oil producers that have the capital to build out their plays. Would prefer something like Crescent Point (CPG-T) or the new Petrobakken that is coming out.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$4.500
Owned
No
HOLD
HOLD
June 24, 2009
(Market Call Minute.) Good name but only a Hold.
(Market Call Minute.) Good name but only a Hold.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$3.820
Owned
Unknown
DON'T BUY
DON'T BUY
June 22, 2009
Natural gas exposure. In the bottom 2% of his database. Unless there is a dramatic improvement in the prices of natural gas, oil and the earnings by the company it is fully discounting any kind of turnaround.
Natural gas exposure. In the bottom 2% of his database. Unless there is a dramatic improvement in the prices of natural gas, oil and the earnings by the company it is fully discounting any kind of turnaround.
Robert McWhirter
President, Selective Asset Management
Price
$3.780
Owned
Unknown
TOP PICK
TOP PICK
June 17, 2009
70% exposure to natural gas. Very reasonably priced. Good land package so they don't need to acquire land. Lots of drilling prospects. Could possibly raise some money, which could hold the stock back.
70% exposure to natural gas. Very reasonably priced. Good land package so they don't need to acquire land. Lots of drilling prospects. Could possibly raise some money, which could hold the stock back.
Andrew Cook
, Andrew Cook and Associates
Price
$3.810
Owned
No
PAST TOP PICK
PAST TOP PICK
June 15, 2009
(A Top Pick June 16/08. Down 65.55%.) Got out of all his energies in July/08.
(A Top Pick June 16/08. Down 65.55%.) Got out of all his energies in July/08.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$4.000
Owned
No
PAST TOP PICK
PAST TOP PICK
May 20, 2009
(A Top Pick June 9/08. Down 53.55%.) Mainly natural gas. Small company and higher risks. This is one he would watch. Natural gas will either be stable or bearish.
(A Top Pick June 9/08. Down 53.55%.) Mainly natural gas. Small company and higher risks. This is one he would watch. Natural gas will either be stable or bearish.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$4.800
Owned
No
PAST TOP PICK
PAST TOP PICK
April 15, 2009
(Top Pick Apr 14/08 Down 48.87%) Had some early success. They are expensive wells. Likes the future play potential.
(Top Pick Apr 14/08 Down 48.87%) Had some early success. They are expensive wells. Likes the future play potential.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$4.040
Owned
Yes
HOLD
HOLD
March 26, 2009
(Market Call Minute.) On the fence with this one. If anything he would say “Hold but not Buy”.
(Market Call Minute.) On the fence with this one. If anything he would say “Hold but not Buy”.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$3.250
Owned
Unknown
BUY
BUY
September 12, 2008
Have a huge spread of land in Harlech Alberta. Drilling for tight gas sand, similar to the Montney. Just drilled their first well at 13,000,000 ft.³ a day. They have 100 sections of land to follow up. Awesome resource potential. Trading at cheap multiples compared to their peers.
Have a huge spread of land in Harlech Alberta. Drilling for tight gas sand, similar to the Montney. Just drilled their first well at 13,000,000 ft.³ a day. They have 100 sections of land to follow up. Awesome resource potential. Trading at cheap multiples compared to their peers.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$12.070
Owned
Yes
BUY
BUY
August 27, 2008
Natural gas. Was trading at 4 or 5 times current cash flow and then they had the very prospective Nordegg resource play and recently had excellent results from the first horizontal well. Stock went up about 20%. This well alone has the prospects of being worth the current stock price. Trading at about 5.5X current cash flow.
Natural gas. Was trading at 4 or 5 times current cash flow and then they had the very prospective Nordegg resource play and recently had excellent results from the first horizontal well. Stock went up about 20%. This well alone has the prospects of being worth the current stock price. Trading at about 5.5X current cash flow.
Allan Jacobs
Director of Small-Cap Investments, Sprott Asset Management Inc.
Price
$13.700
Owned
Yes
TOP PICK
TOP PICK
June 16, 2008
About 80% of revenues is from natural gas. Growth oriented. Have probably 500 targets they can drill over the next couple of years. Have a nice diversified portfolio.
About 80% of revenues is from natural gas. Growth oriented. Have probably 500 targets they can drill over the next couple of years. Have a nice diversified portfolio.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$11.930
Owned
Yes
TOP PICK
TOP PICK
June 9, 2008
80% natural gas. A beneficiary of the increase in sulphur prices. Good management. Undervalued relative to its peers.
80% natural gas. A beneficiary of the increase in sulphur prices. Good management. Undervalued relative to its peers.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$10.700
Owned
No
TOP PICK
TOP PICK
May 16, 2008
Roughly 77% gas. Produces about 13.5 thousand barrels a day. Good management. Has started to sell its sulphur, which has brought in more revenue for them. Has one well that is 15% of its revenue but management is managing that.