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
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.
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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.
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.
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80% natural gas. A beneficiary of the increase in sulphur prices. Good management. Undervalued relative to its peers.
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.
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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.
PARTIAL BUY
PARTIAL BUY
May 2, 2008
$9.77 is its resistance point and $11.15 is the next one. A good time to buy. If it breaks through the 2 levels than you buy additional amounts. Use $7.50 as your downside guide.
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$9.77 is its resistance point and $11.15 is the next one. A good time to buy. If it breaks through the 2 levels than you buy additional amounts. Use $7.50 as your downside guide.
TOP PICK
TOP PICK
April 14, 2008
Strong management team and a great suite of assets. Using new technology of multistage fracs and horizontal wells that opens up formations and gives much higher production. Going to be a beneficiary of changes in Alberta's royalty review because they are drilling deeper gas wells. Much cheaper than their peer group.
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Strong management team and a great suite of assets. Using new technology of multistage fracs and horizontal wells that opens up formations and gives much higher production. Going to be a beneficiary of changes in Alberta's royalty review because they are drilling deeper gas wells. Much cheaper than their peer group.
DON'T BUY
DON'T BUY
January 22, 2008
Recently decided to convert to a corporation but haven't said what their dividend policy will be. Balance sheet was leveraged. Received an equity infusion from a US firm. Like some of their assets, but until they make crystal clear what their dividend policy is, he is staying away from it.
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Recently decided to convert to a corporation but haven't said what their dividend policy will be. Balance sheet was leveraged. Received an equity infusion from a US firm. Like some of their assets, but until they make crystal clear what their dividend policy is, he is staying away from it.
BUY
BUY
November 2, 2007
Distributions are going to be cut to zero as they prematurely covert into a corporation. At under $7 he believes there is significant upside. Management has a good track record to grow.
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Distributions are going to be cut to zero as they prematurely covert into a corporation. At under $7 he believes there is significant upside. Management has a good track record to grow.
HOLD
HOLD
September 25, 2007
Abu Dhabi’s acquisition of Prime West (PWI.UN-T) put a positive spin on this type of trust.
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Abu Dhabi’s acquisition of Prime West (PWI.UN-T) put a positive spin on this type of trust.
SELL
SELL
June 14, 2007
Sold most of their position. Will merge with it's corporate counterpart. Not much success with their drill bit.
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Sold most of their position. Will merge with it's corporate counterpart. Not much success with their drill bit.
HOLD
HOLD
April 4, 2007
Compared to other income trusts’ metrics, not considered cheap. 55% payout ratio. Merging with Fairquest Energy (FQE-T), which should provide economies of scale. Very highly leveraged to gas.
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Compared to other income trusts’ metrics, not considered cheap. 55% payout ratio. Merging with Fairquest Energy (FQE-T), which should provide economies of scale. Very highly leveraged to gas.
COMMENT
COMMENT
March 20, 2007
Will be merging with Fairquest Energy (FQE-T). Recently cut distributions. They are targeting a 60%-65% payout ratio. Debt level is a bit higher than what he likes, but anticipates that over the next few months it will come down. Have a lot of good drilling opportunities. Could be softness over the next couple of months.
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Will be merging with Fairquest Energy (FQE-T). Recently cut distributions. They are targeting a 60%-65% payout ratio. Debt level is a bit higher than what he likes, but anticipates that over the next few months it will come down. Have a lot of good drilling opportunities. Could be softness over the next couple of months.
WAIT
WAIT
March 15, 2007
Hasn't been his favourite. In the process of buying back Fairquest Energy (FQT-T), which may turn out to be all right. Reasonably priced. Would wait to see what the budget does.
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Hasn't been his favourite. In the process of buying back Fairquest Energy (FQT-T), which may turn out to be all right. Reasonably priced. Would wait to see what the budget does.
SELL
SELL
January 22, 2007
Likes the general business plan. Unfortunately, with their type of gas wells being coal bed methane lower gas really hurts them. Has sold his holdings.
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Likes the general business plan. Unfortunately, with their type of gas wells being coal bed methane lower gas really hurts them. Has sold his holdings.
DON'T BUY
DON'T BUY
January 4, 2007
Excellent management. As a number of coal bed methane projects. This is not very economical in the current gas price. Have a lot of opportunities to replace their production by the drill bit. Distributions could be at risk.
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Excellent management. As a number of coal bed methane projects. This is not very economical in the current gas price. Have a lot of opportunities to replace their production by the drill bit. Distributions could be at risk.
HOLD
HOLD
November 10, 2006
Payout ratio is 67%. 16% yield, which is high and reflects the softness in the market. Gas oriented. 3rd quarter was slightly disappointing. Well managed.
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Payout ratio is 67%. 16% yield, which is high and reflects the softness in the market. Gas oriented. 3rd quarter was slightly disappointing. Well managed.
Showing 46 to 60 of 90 entries