Arc Resources Ltd (ARX-T)

Has become the go-to Canadian natural gas name, and for good reason. Attachie will add to its growth, and incremental FCF will result. Most FCF is being returned to shareholders. Several decades of inventory. Very conservative management and board. Very strong balance sheet. 

Long-term exposure to rising natural gas prices. He's also bullish on its production of condensate. Yield is 2.5%.

A lot of oil stocks are moving in kind of a range. This one broke out of the range and is not pulling back to the old neckline. He feels that based on a longer history of moving in an uptrend it is OK to start stepping in. He doesn't expect oil to do much until the winter.      Buy 17  Hold 0  Sell 0

Core holding in portfolio. Bullish on energy for the long term. Excellent company that is very well run. Steady dividend that is reliable. New projects are underway and being developed withing budget. Would recommend holding for the long term. Believes natural gas prices will increase over time, and is a clean burning fuel. 

Owns large percentage in fund. Very stable and conservative business model. Very strong cash flows with low breakeven prices. New projects going well. 20 years of stay flat inventory. Low natural gas prices don't affect company too much. Expecting major share price appreciation. Can sleep easy at night. 

Both are the gold standard in nat gas. TOU slightly underperforms. Valuations of both are stretched. ARC has done well with some projects that were brought onstream. Owns TOU now, and Arc in the past. Both are good to buy and will perform. The price of nat gas is low, so this will benefit will the price rises.

Very strong condensate production, in addition to gas. Exceptionally conservative management team, proven and tested. Not making a bet on M&A, but this would be a primary target. Bringing on a big project, has more on the back burner. Discount to US peers, though surpasses them on quality and quantity. Yield is 2.6%.

11-14% free cashflow yield. Not as spicy in terms of upside of 30-50% 1-2 years out. Ongoing modest dividend, share buybacks, and production growth.

He owns both. Both are big into natural gas. Likes both and they will do well.

It is levered to both oil and gas and he thinks the floor comes up for gas. It can grow production with the existing infrastructure so there is no need to make acquisitions, and in fact it could be an acquisition target. There are good opportunities in Western Canada and Western Canada is overdue for something to happen. It is buying back shares and pays a 3% dividend.         Buy 15  Hold 1  Sell 0

With acquisition of Seven Generations, now more diversified. Valuation's looking more attractive. A good play in the sector, better even than TOU with its extended valuation. ARX has more upside on valuation, growth, and production.

High quality company with very good assets. Large shareholder in company. LNG expansion on West Coast will be very good for company. Company under valued compared to overall value of assets. 

Very well run company with high quality assets. Amazing progression of the business. Natural gas development had progressed very well. Free cash flow expected to rise. Condensate business very strong with high margins. 

The question was on her preference between Tourmaline or Arc resources. It is fine to own both - they are both well managed and have good assets. They own Arc because they like assets slightly better.

Big fan of company - owns shares in the company. Might be the top oil and gas company in Canada. Very good capital allocation skills with excellent technical analysis. Very good for long term shareholders. 

Very strong company. Has performed well the past 5 years. Excellent management team. Organic growth with 100% infrastructure ownership. Would recommend buying below $20/share. Currently is fairly valued. A good long term investment. 

Provides ballast to the portfolio. Extremely high quality asset base. Great exposure to LNG Canada. At 4x cashflow, trades at discount to US peers at 6-7x. Sees 48-50% upside from here. Yield is 2.7%.