Mullen Group Ltd

MTL-T

Analysis and Opinions about MTL-T

Signal
Opinion
Expert
BUY
BUY
January 22, 2008
(Market Call Minute.) Very well run company. Lots of cash on the balance sheet. Debt is long-term.
Mullen Group Ltd (MTL-T)
January 22, 2008
(Market Call Minute.) Very well run company. Lots of cash on the balance sheet. Debt is long-term.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$14.450
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 27, 2007
(A Top Pick Feb */07. Down 13.3%.) Oil field services have been hit. Great management team. In the long run this will continue to pay benefits and he doesn’t see any risk of distributions being cut.
Mullen Group Ltd (MTL-T)
December 27, 2007
(A Top Pick Feb */07. Down 13.3%.) Oil field services have been hit. Great management team. In the long run this will continue to pay benefits and he doesn’t see any risk of distributions being cut.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$16.840
Owned
Yes
HOLD
HOLD
December 21, 2007
Got hit in October/07 with the government changes and then got hit with a pullback in the oil services side. We are probably at the worst part of the servicing cycle. A well-run company. 11% distribution, which is safe.
Mullen Group Ltd (MTL-T)
December 21, 2007
Got hit in October/07 with the government changes and then got hit with a pullback in the oil services side. We are probably at the worst part of the servicing cycle. A well-run company. 11% distribution, which is safe.
David Cockfield
Managing Director, Northland Wealth Management
Price
$16.470
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 28, 2007
(A Top Pick Dec 15/06. Down 16.7%.) Taking into account the dividend, it is probably down 5%. 11.3% yield. Oilfield services and trucking. Both sectors have been hit very hard. Virtually no debt. Still likes.
Mullen Group Ltd (MTL-T)
November 28, 2007
(A Top Pick Dec 15/06. Down 16.7%.) Taking into account the dividend, it is probably down 5%. 11.3% yield. Oilfield services and trucking. Both sectors have been hit very hard. Virtually no debt. Still likes.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$16.150
Owned
Yes
COMMENT
COMMENT
November 2, 2007
A 2 pronged company with oil field services and trucking outside of western Canada. The oil field is dominating the sentiment right now. Won’t be fixed in the winter of 2008. This company will be one of the survivors. Good track record.
Mullen Group Ltd (MTL-T)
November 2, 2007
A 2 pronged company with oil field services and trucking outside of western Canada. The oil field is dominating the sentiment right now. Won’t be fixed in the winter of 2008. This company will be one of the survivors. Good track record.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$17.830
Owned
Unknown
HOLD
HOLD
October 1, 2007
The family still has a fair amount of representation in the management. Has been extremely well run. Like a lot of the service companies in the oil patch, it is having trouble finding and retaining people to work for them. It has not been a great year for drilling.
Mullen Group Ltd (MTL-T)
October 1, 2007
The family still has a fair amount of representation in the management. Has been extremely well run. Like a lot of the service companies in the oil patch, it is having trouble finding and retaining people to work for them. It has not been a great year for drilling.
Michael Sprung
President, Sprung Investment Management
Price
$19.100
Owned
No
COMMENT
COMMENT
August 13, 2007
Their prime business is transportation, oil rigs, oilfield equipment, etc.. 2nd quarter was dreadful for oil/gas servicing industry, but they posted some pretty good numbers in a weak environment.
Mullen Group Ltd (MTL-T)
August 13, 2007
Their prime business is transportation, oil rigs, oilfield equipment, etc.. 2nd quarter was dreadful for oil/gas servicing industry, but they posted some pretty good numbers in a weak environment.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$18.800
Owned
Unknown
BUY
BUY
July 25, 2007
Oilfield services plus trucking. Feels the distribution is safe. Has a long history of exceeding its promises.
Oilfield services plus trucking. Feels the distribution is safe. Has a long history of exceeding its promises.
Leslie Lundquist
Lead Manager, Jones Heward Investment Counsel
Price
$20.690
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
July 23, 2007
Have had a problematic year, especially with drilling for shallow gas in the western basin having fallen off quite dramatically. One of the better operators within the oil patch. Would buy on any weakness.
Have had a problematic year, especially with drilling for shallow gas in the western basin having fallen off quite dramatically. One of the better operators within the oil patch. Would buy on any weakness.
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$21.000
Owned
Yes
DON'T BUY
DON'T BUY
July 13, 2007
60% of their business is oilfield services and 40% is in trucking. Oilfield services have softened because the government has made it harder for oil/gas complex capital so there is less activity. Oilfield services hasn't touched bottom yet and it is too early to get into it.
60% of their business is oilfield services and 40% is in trucking. Oilfield services have softened because the government has made it harder for oil/gas complex capital so there is less activity. Oilfield services hasn't touched bottom yet and it is too early to get into it.
Chris Rankin, MBA, CFA
Diversified Trust Analyst, Canaccord Capital
Price
$21.290
Owned
No
PAST TOP PICK
PAST TOP PICK
June 27, 2007
(A Top Pick Feb 8/07. Up 7%.) Feels he still may be a little bit early on this name. Very tied in to the oil/gas drilling cycle in the West.
(A Top Pick Feb 8/07. Up 7%.) Feels he still may be a little bit early on this name. Very tied in to the oil/gas drilling cycle in the West.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$20.540
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 11, 2007
Then 18.93 Really beat up because of negative views on oil patch. Excellent management team. The perfect type of market for them, because they are good at making acquisitions.
Then 18.93 Really beat up because of negative views on oil patch. Excellent management team. The perfect type of market for them, because they are good at making acquisitions.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$21.900
Owned
Yes
BUY
BUY
June 6, 2007
Higher prices in natural gas and oil prices will help this stock.
Higher prices in natural gas and oil prices will help this stock.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$22.790
Owned
Yes
BUY
BUY
May 28, 2007
Primarily provide trucking and transport services for the oil fields. A lot of the oil service stocks have not done well. Feels this one has been underestimated.
Primarily provide trucking and transport services for the oil fields. A lot of the oil service stocks have not done well. Feels this one has been underestimated.
Michael Sprung
President, Sprung Investment Management
Price
$22.560
Owned
No
PAST TOP PICK
PAST TOP PICK
May 25, 2007
(A Top Pick Feb 8/07. Up 13.5%.) Very strong oilfield service company. Still a Buy.
(A Top Pick Feb 8/07. Up 13.5%.) Very strong oilfield service company. Still a Buy.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$21.700
Owned
Yes
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