Cequence Energy Ltd.

CQE-T

Analysis and Opinions about CQE-T

Signal
Opinion
Expert
HOLD
HOLD
September 16, 2019
They did a flow through share. The company is involved in oil and Nat. gas. He has a $1.20 target on it. If they can generate more cash flow they can get the debt down. He likes it. He may add on weakness.
Cequence Energy Ltd. (CQE-T)
September 16, 2019
They did a flow through share. The company is involved in oil and Nat. gas. He has a $1.20 target on it. If they can generate more cash flow they can get the debt down. He likes it. He may add on weakness.
Josef Schachter
President, Schachter Asset Management
Price
$0.365
Owned
Yes
BUY
BUY
November 19, 2018
It is a junior company at about $0.70 so he does not talk about it on the show. The book value is $6.50. It was a dry natural gas producer. They are now drilling two oil wells (light oil and liquids). The stock is very cheap here.
It is a junior company at about $0.70 so he does not talk about it on the show. The book value is $6.50. It was a dry natural gas producer. They are now drilling two oil wells (light oil and liquids). The stock is very cheap here.
Josef Schachter
President, Schachter Asset Management
Price
$0.750
Owned
_N/A
DON'T BUY
DON'T BUY
March 16, 2018

This company has a bond maturing next year and the performance of the stock has been poor. It has production of 6713 boed in Q4 down from 8609 boed the year before. The balance sheet has been the problem and people are worried whether they will be able to extend the bond. It is very high risk.

This company has a bond maturing next year and the performance of the stock has been poor. It has production of 6713 boed in Q4 down from 8609 boed the year before. The balance sheet has been the problem and people are worried whether they will be able to extend the bond. It is very high risk.

Josef Schachter
President, Schachter Asset Management
Price
$0.050
Owned
No
DON'T BUY
DON'T BUY
November 9, 2017

BNP-T is a much bigger company. CQE-T is a smaller company and has a different risk profile. He prefers BNP-T.

BNP-T is a much bigger company. CQE-T is a smaller company and has a different risk profile. He prefers BNP-T.

Josef Schachter
President, Schachter Asset Management
Price
$0.125
Owned
Unknown
DON'T BUY
DON'T BUY
December 6, 2016

(Market Call Minute.) A small emerging Montney play. The Board recently fired management, and he is not sure where the company goes from here. He can think of better Montney players.

(Market Call Minute.) A small emerging Montney play. The Board recently fired management, and he is not sure where the company goes from here. He can think of better Montney players.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$0.260
Owned
No
SELL
SELL
May 27, 2016

They ran a strategic review, which resulted in no buyers, and the CEO decided to leave the company. If you own, he would just sell the stock.

They ran a strategic review, which resulted in no buyers, and the CEO decided to leave the company. If you own, he would just sell the stock.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.235
Owned
No
COMMENT
COMMENT
November 20, 2015

(Market Call Minute.) This is under strategic review. Probably gets a bit higher than the share price, but you are not going to get rich owning the stock.

(Market Call Minute.) This is under strategic review. Probably gets a bit higher than the share price, but you are not going to get rich owning the stock.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.320
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 30, 2015

(Top May 21/14, Down 77.12%) Turned into a small cap company. He got out into a higher liquidity name. He would need oil in the $70 range to get back into this story.

(Top May 21/14, Down 77.12%) Turned into a small cap company. He got out into a higher liquidity name. He would need oil in the $70 range to get back into this story.

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$0.610
Owned
No
PAST TOP PICK
PAST TOP PICK
June 10, 2015

(A Top Pick June 27/14. Down 71.67%.) Still owns a little. Thinks it is a solid asset base. They just did a deal to sell 50% of a gas plant along with the joint venture on a pipeline. This is a good step to free up more cash flow and to move the needle.

(A Top Pick June 27/14. Down 71.67%.) Still owns a little. Thinks it is a solid asset base. They just did a deal to sell 50% of a gas plant along with the joint venture on a pipeline. This is a good step to free up more cash flow and to move the needle.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$0.830
Owned
Yes
SELL
SELL
June 8, 2015

A good tax loss candidate unless you are a raging bull on oil. There is no compelling reason. He doesn’t see it gaining traction. They can’t grow at a depressed natural gas price, like some others.

A good tax loss candidate unless you are a raging bull on oil. There is no compelling reason. He doesn’t see it gaining traction. They can’t grow at a depressed natural gas price, like some others.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.810
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 27, 2015

(A Top Pick July 16/14. Down 64.82%.) He liked everything they had going, but as redemptions rolled in, he had to make a decision as to what to remove and what to keep. Just announced a transaction that makes a lot of sense. Have consolidated their interest in the Simonet field and have sold part of the facilities. That will allow them to carry out some CapX. This is a name that he will look at again.

(A Top Pick July 16/14. Down 64.82%.) He liked everything they had going, but as redemptions rolled in, he had to make a decision as to what to remove and what to keep. Just announced a transaction that makes a lot of sense. Have consolidated their interest in the Simonet field and have sold part of the facilities. That will allow them to carry out some CapX. This is a name that he will look at again.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$0.840
Owned
No
PAST TOP PICK
PAST TOP PICK
April 8, 2015

(A Top Pick March 13/14. Down 57.27%.) They are now just hunkering down and trying to spend their money wisely. We just have to wait it out until we see better gas prices. It is going to hover around $1 until we get interest in gas and small caps again.

(A Top Pick March 13/14. Down 57.27%.) They are now just hunkering down and trying to spend their money wisely. We just have to wait it out until we see better gas prices. It is going to hover around $1 until we get interest in gas and small caps again.

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$0.950
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 5, 2015

(Top Pick Sep 4/14, Down 45.09%) Likes it for the same reason. They are still backed on their debt with CPP and they have a good quality asset. They need a mixture of higher condensate and gas prices. It should get back later this year.

(Top Pick Sep 4/14, Down 45.09%) Likes it for the same reason. They are still backed on their debt with CPP and they have a good quality asset. They need a mixture of higher condensate and gas prices. It should get back later this year.

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$0.960
Owned
Yes
DON'T BUY
DON'T BUY
January 20, 2015

If you are not a bull on natural gas, which he is not, this company’s wells historically have had a pretty low liquids cut given were they are in the deep basin. If you compare this to some other companies, you are much more reliant on the price of natural gas to determine your payback. Unless they come out with some boomer wells, he is really challenged to come up with a Buy thesis.

If you are not a bull on natural gas, which he is not, this company’s wells historically have had a pretty low liquids cut given were they are in the deep basin. If you compare this to some other companies, you are much more reliant on the price of natural gas to determine your payback. Unless they come out with some boomer wells, he is really challenged to come up with a Buy thesis.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.960
Owned
Unknown
HOLD
HOLD
January 7, 2015

This was criticized for having 2 great assets. Sold one of them because no one believed they had the capital to develop both. They paid down all their debt and are now sitting with a great play at Simonette. This has multizone opportunity and they have infrastructure in place. They have gas gathering systems, processing capabilities, etc. Now they just have to throw some capital at it. He is very excited about how they can be looking 12 months out. With roughly 10,000-11,000 BOE’s a day, they may probably touch 15,000 this year, there is plenty of drilling opportunity left. Thinks it can be a 20,000 BOE a day producer. He loves the story. A target price of $1.50-$1.75 would not be unreasonable.

This was criticized for having 2 great assets. Sold one of them because no one believed they had the capital to develop both. They paid down all their debt and are now sitting with a great play at Simonette. This has multizone opportunity and they have infrastructure in place. They have gas gathering systems, processing capabilities, etc. Now they just have to throw some capital at it. He is very excited about how they can be looking 12 months out. With roughly 10,000-11,000 BOE’s a day, they may probably touch 15,000 this year, there is plenty of drilling opportunity left. Thinks it can be a 20,000 BOE a day producer. He loves the story. A target price of $1.50-$1.75 would not be unreasonable.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$1.060
Owned
Unknown
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