Tag Oil Ltd.

TAO-T

TSE:TAO

0.36
0.01 (1.39%)
TAG Oil is a Canadian-based oil and gas company headquartered in Vancouver, Canada, and traded on the Toronto Stock Exchange under trading symbol “TAO” and on the OTCQX under the trading symbol “TAOIF.”
More at Wikipedia

Analysis and Opinions about TAO-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
April 16, 2014

(A Top Pick April 23/13. Long Tag Oil (TAO-T) and Short Imperial Oil (IMO-T). Down 42.51%.) Did an equity issue last fall at about $4.40, which the Street didn’t like. This is a New Zealand oil/gas play and they have about 5 or 6 catalysts coming up in terms of major wells.

Tag Oil Ltd. (TAO-T)
April 16, 2014

(A Top Pick April 23/13. Long Tag Oil (TAO-T) and Short Imperial Oil (IMO-T). Down 42.51%.) Did an equity issue last fall at about $4.40, which the Street didn’t like. This is a New Zealand oil/gas play and they have about 5 or 6 catalysts coming up in terms of major wells.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$3.070
Owned
Yes
COMMENT
COMMENT
October 24, 2013

Really looking for elephant country in terms of targets they have been going for. The size of the prize is quite large and they are doing some development as well. Feels that management has learned some things from the past as they were probably overpromising and under delivered. Not a bad story, but not one that he is looking for on a risk/reward basis.

Tag Oil Ltd. (TAO-T)
October 24, 2013

Really looking for elephant country in terms of targets they have been going for. The size of the prize is quite large and they are doing some development as well. Feels that management has learned some things from the past as they were probably overpromising and under delivered. Not a bad story, but not one that he is looking for on a risk/reward basis.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$4.390
Owned
No
HOLD
HOLD
September 18, 2013

He stuck with it. He thinks there is potential in New Zealand. There is a lot of drilling this year and hopefully less glitches.

Tag Oil Ltd. (TAO-T)
September 18, 2013

He stuck with it. He thinks there is potential in New Zealand. There is a lot of drilling this year and hopefully less glitches.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$4.500
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 16, 2013

(A Top Pick April 23/13. Down 36.52%.) Had 4 wells that were behind the pipe (drilled, connected and just waiting for the processing facility to be built). When the facility was built and they brought them online, they were surprised at the decline rates.

Tag Oil Ltd. (TAO-T)
July 16, 2013

(A Top Pick April 23/13. Down 36.52%.) Had 4 wells that were behind the pipe (drilled, connected and just waiting for the processing facility to be built). When the facility was built and they brought them online, they were surprised at the decline rates.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$3.340
Owned
Yes
COMMENT
COMMENT
June 5, 2013

Have a very significant oil property in onshore New Zealand. Spent the last year building infrastructure to tie all the production in and now that is happening. A negative that surfaced this past year is the loss of Apache, a joint venture partner, off the East Coast of New Zealand, but they did stick around and pay the bills for the 1st phase of that project. Expect they will be getting a new partner. Thinks this company has lots of upside based on the onshore activity they are doing.

Tag Oil Ltd. (TAO-T)
June 5, 2013

Have a very significant oil property in onshore New Zealand. Spent the last year building infrastructure to tie all the production in and now that is happening. A negative that surfaced this past year is the loss of Apache, a joint venture partner, off the East Coast of New Zealand, but they did stick around and pay the bills for the 1st phase of that project. Expect they will be getting a new partner. Thinks this company has lots of upside based on the onshore activity they are doing.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$2.890
Owned
Unknown
SHORT
SHORT
May 27, 2013

Small short position. Would look attractive to go long at $3 but that is not how he invests. The trend is down so he is short.

Tag Oil Ltd. (TAO-T)
May 27, 2013

Small short position. Would look attractive to go long at $3 but that is not how he invests. The trend is down so he is short.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$4.920
Owned
Yes
HOLD
HOLD
May 8, 2013

Looks like it broke the downtrend. Around $4.50, he would take some off the table.

Looks like it broke the downtrend. Around $4.50, he would take some off the table.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$5.320
Owned
Unknown
COMMENT
COMMENT
April 24, 2013

Very much a play on oil but New Zealand government is very supportive of increasing oil exploration. Have a number of different good properties that it is currently drilling. Early indications are quite good.

Tag Oil Ltd. (TAO-T)
April 24, 2013

Very much a play on oil but New Zealand government is very supportive of increasing oil exploration. Have a number of different good properties that it is currently drilling. Early indications are quite good.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$5.470
Owned
No
TOP PICK
TOP PICK
April 23, 2013

Long Tag Oil (TAO-T) and Short Imperial Oil (IMO-T). A Pairs trade. Very positive on this name which is 100% exposed to New Zealand which has a very favourable royalty regime and very favourable pricing. Last quarter they earned $109 per barrel versus Western Canada where they will be lucky to get $65. Also, earns high premiums for natural gas. Ended the fiscal year with 1500 barrels but they had a lot “behind the barrel”. With their high paraffin content in their oil, they have to treat it and process it before they can send it onto the market. Very cheap at less than 3X price to cash flow.

Tag Oil Ltd. (TAO-T)
April 23, 2013

Long Tag Oil (TAO-T) and Short Imperial Oil (IMO-T). A Pairs trade. Very positive on this name which is 100% exposed to New Zealand which has a very favourable royalty regime and very favourable pricing. Last quarter they earned $109 per barrel versus Western Canada where they will be lucky to get $65. Also, earns high premiums for natural gas. Ended the fiscal year with 1500 barrels but they had a lot “behind the barrel”. With their high paraffin content in their oil, they have to treat it and process it before they can send it onto the market. Very cheap at less than 3X price to cash flow.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$5.340
Owned
Yes
WATCH
WATCH
November 2, 2012

Ranks very well in his models. Stock has pulled back as people are waiting for insight into discovery, particularly the joint venture they have with Apache (APA-N). That program has been pushed out a little but is still expected to go ahead. If they are successful, it should be quite interesting for them. Also, you should be watching the vague comparable company, New Zealand Energy (NZ-X) which is in the same area. Expected to earn $0.43 in 2013 versus $0.36.

Tag Oil Ltd. (TAO-T)
November 2, 2012

Ranks very well in his models. Stock has pulled back as people are waiting for insight into discovery, particularly the joint venture they have with Apache (APA-N). That program has been pushed out a little but is still expected to go ahead. If they are successful, it should be quite interesting for them. Also, you should be watching the vague comparable company, New Zealand Energy (NZ-X) which is in the same area. Expected to earn $0.43 in 2013 versus $0.36.

Robert McWhirter
President, Selective Asset Management
Price
$6.790
Owned
No
TOP PICK
TOP PICK
April 18, 2012
Venezuelan (Actually New Zealand)oil/gas producer. Trades at a 5X PE multiple on their March/13 year end. Produces 5800 barrels of oil a day, which is expected to grow by about 30% between now and March/13 fiscal year end. Making over $100 a barrel on extremely light oil. By the end of the year, they are adding a facility to strip out the natural gas liquids which will add about another 10% to their net backs. Extremely profitable company. In June, one of the 1st of 4 wells is being drilled on the East Coast in a joint venture with Apache (APA-N) which is paying the price.
Tag Oil Ltd. (TAO-T)
April 18, 2012
Venezuelan (Actually New Zealand)oil/gas producer. Trades at a 5X PE multiple on their March/13 year end. Produces 5800 barrels of oil a day, which is expected to grow by about 30% between now and March/13 fiscal year end. Making over $100 a barrel on extremely light oil. By the end of the year, they are adding a facility to strip out the natural gas liquids which will add about another 10% to their net backs. Extremely profitable company. In June, one of the 1st of 4 wells is being drilled on the East Coast in a joint venture with Apache (APA-N) which is paying the price.
Robert McWhirter
President, Selective Asset Management
Price
$10.220
Owned
Yes
HOLD
HOLD
August 29, 2011
Has been a big win if you've held it since 2008. Have made a couple of discoveries. Has not been following this one closely.
Tag Oil Ltd. (TAO-T)
August 29, 2011
Has been a big win if you've held it since 2008. Have made a couple of discoveries. Has not been following this one closely.
Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$6.890
Owned
No
DON'T BUY
DON'T BUY
October 27, 2010
Just did a $65 million financing and the core NAV is about $1-$1.50, so there is a huge amount of froth built on oil shale potential they are promoting. A lot of downside risk and a low probability of success.
Tag Oil Ltd. (TAO-T)
October 27, 2010
Just did a $65 million financing and the core NAV is about $1-$1.50, so there is a huge amount of froth built on oil shale potential they are promoting. A lot of downside risk and a low probability of success.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.800
Owned
Unknown
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