Ensign Resource Service Group (ESI-T) Stock Predictions - Stockchase
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Ensign Resource Service Group (ESI-T)

ON STOCKCHASE SINCE Oct 2000

2nd largest oil driller

oil/gas

Ensign Resource Service G...

ESI-T

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Ensign Resource Service Group (ESI-T) SAVE Jan, 23, 2019, 3:48 am

5.25 0.19 (3.49%)

About Ensign Resource Service Group (ESI-T)

Ensign Energy Services Inc. is a Canadian company that provides oilfield services for the North American and international market. Founded in 1987, Ensign has its headquarters located in Calgary, Alberta. More at Wikipedia

What the experts are saying about ESI-T



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Signal Opinion Expert
DON'T BUY
The only one he likes in this sector is Secure Energy Services. Companies are trying to figure out their activity levels and this will determine how equipment will move between Canada and the US. This is one he would not be buying right now.
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The only one he likes in this sector is Secure Energy Services. Companies are trying to figure out their activity levels and this will determine how equipment will move between Canada and the US. This is one he would not be buying right now.
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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$5.240
Owned Owned
No

DON'T BUY

It has a decent balance sheet but some operations are in difficult places.  It is a high beta stock and will do well when the cycle turns.  The company has some assets that are going to under-perform for some time to come.  There are more attractive names.

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It has a decent balance sheet but some operations are in difficult places.  It is a high beta stock and will do well when the cycle turns.  The company has some assets that are going to under-perform for some time to come.  There are more attractive names.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$5.900
Owned Owned
Unknown

COMMENT

This stock compares to Trinidad Drilling (TDG-T) and both are on his coverage list. He likes what he sees out of Ensign. It has $740 million debt versus $1.7 billion of equity. Their book value is $10.77 and the stock trades at $6. They have a very big presence in the United States. Of $1 billion in 2017 revenue, $459 billion came from the US, $262 from Canada and the rest international. They’re in the Middle East and in Mexico and Venezuela. Venezuela adds some risk to the stock. He is hoping to add coverage on weakness.

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This stock compares to Trinidad Drilling (TDG-T) and both are on his coverage list. He likes what he sees out of Ensign. It has $740 million debt versus $1.7 billion of equity. Their book value is $10.77 and the stock trades at $6. They have a very big presence in the United States. Of $1 billion in 2017 revenue, $459 billion came from the US, $262 from Canada and the rest international. They’re in the Middle East and in Mexico and Venezuela. Venezuela adds some risk to the stock. He is hoping to add coverage on weakness.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$6.110
Owned Owned
Unknown

BUY on WEAKNESS

He likes the company. Book value is $10.77, he thinks the downside is $5. It traded around $14 to $15 in the last bull market for energy, so he sees the potential for a triple, but it is a stock that requires patience. There is potential for a 10 to 15% downside in the Q2 weakness.

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He likes the company. Book value is $10.77, he thinks the downside is $5. It traded around $14 to $15 in the last bull market for energy, so he sees the potential for a triple, but it is a stock that requires patience. There is potential for a 10 to 15% downside in the Q2 weakness.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$5.740
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Jan 6 /17, Down 29.59%)  When you buy cyclical, you need to be prepared when it goes the wrong way. This is still a world class company. They have done a lot of innovation through the years, return on capital has been very consistent for many years, and of course the last few years haven’t been great. The services companies are really tough, they are the first ones to get cut, and then when things starts to get better they are the last ones to go up. Energy didn’t quite have as good a year as they thought and services got left behind.

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(A Top Pick Jan 6 /17, Down 29.59%)  When you buy cyclical, you need to be prepared when it goes the wrong way. This is still a world class company. They have done a lot of innovation through the years, return on capital has been very consistent for many years, and of course the last few years haven’t been great. The services companies are really tough, they are the first ones to get cut, and then when things starts to get better they are the last ones to go up. Energy didn’t quite have as good a year as they thought and services got left behind.

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Matt Kacur

President, FSA Financial Scienc...

Price Price
$6.260
Owned Owned
No

HOLD

The 2nd largest driller in Canada with significant international drilling operations as well. This is a derivative play on the energy sector. Unlike some of the other service companies, it has not performed that well from a stock perspective.

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The 2nd largest driller in Canada with significant international drilling operations as well. This is a derivative play on the energy sector. Unlike some of the other service companies, it has not performed that well from a stock perspective.

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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$7.240
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Jan 6/17. Down 15%.) Services are more cyclical, and in general will lag the producers. Also, they had a “not so great” quarter, which took the stock down. Overall, he still really likes this. It has been a really great company, and if you get the opportunity to buy it at a cheap price, he would stick with it.

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(A Top Pick Jan 6/17. Down 15%.) Services are more cyclical, and in general will lag the producers. Also, they had a “not so great” quarter, which took the stock down. Overall, he still really likes this. It has been a really great company, and if you get the opportunity to buy it at a cheap price, he would stick with it.

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Matt Kacur

President, FSA Financial Scienc...

Price Price
$8.170
Owned Owned
No

DON'T BUY

The 5-year chart shows this had been going down, and is now stabilizing. The rally that started in 2016 is very gentle, and doesn’t have as much credibility as the big rally selloff in 2014-2015, so he would avoid this.

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The 5-year chart shows this had been going down, and is now stabilizing. The rally that started in 2016 is very gentle, and doesn’t have as much credibility as the big rally selloff in 2014-2015, so he would avoid this.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$7.840
Owned Owned
No

TOP PICK

He considers this a medium risk company. He finds any of the service companies riskier, and have lagged, versus the producers. When you are in the services game, you are the last in line when things are good, and 1st in line when things get bad. They are just starting to get an upswing after the energy prices improved. This is at its all-time low in terms of return on invested capital, but they have a tremendous track record. It is also undervalued. Dividend yield of 5.03%. (Analysts’ price target is $9.81.)

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He considers this a medium risk company. He finds any of the service companies riskier, and have lagged, versus the producers. When you are in the services game, you are the last in line when things are good, and 1st in line when things get bad. They are just starting to get an upswing after the energy prices improved. This is at its all-time low in terms of return on invested capital, but they have a tremendous track record. It is also undervalued. Dividend yield of 5.03%. (Analysts’ price target is $9.81.)

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Matt Kacur

President, FSA Financial Scienc...

Price Price
$9.540
Owned Owned
No

PARTIAL BUY

Energy service companies have come off more so than the oil companies. Their budgets are driven by the oil companies, and also their cost structures seem to be fixed, so when the wind comes out of their sails, they still have the same cost structures. This is now at a pretty good level. You might look to pick away at these companies in the next month or so. This one is a good name and is one of the bigger ones.

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Energy service companies have come off more so than the oil companies. Their budgets are driven by the oil companies, and also their cost structures seem to be fixed, so when the wind comes out of their sails, they still have the same cost structures. This is now at a pretty good level. You might look to pick away at these companies in the next month or so. This one is a good name and is one of the bigger ones.

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Zachary Curry

Chief Oper, Davis-Rea Ltd....

Price Price
$7.610
Owned Owned
No

COMMENT

He prefers something like Vermilion which doesn’t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.

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He prefers something like Vermilion which doesn’t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$7.190
Owned Owned
No

DON'T BUY

An energy service company, and he is concerned at this point for all energy service companies, and would avoid most of them. The activity you are seeing right now in Canada is quite weak. At one point there were only 11 active rigs in Q1, the lowest level that has ever been seen since they were being measured. Activity in Q2 looks like it is going to be weak as well.

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An energy service company, and he is concerned at this point for all energy service companies, and would avoid most of them. The activity you are seeing right now in Canada is quite weak. At one point there were only 11 active rigs in Q1, the lowest level that has ever been seen since they were being measured. Activity in Q2 looks like it is going to be weak as well.

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Steve Belisle

Senior Por, Manulife Asset Manag...

Price Price
$7.060
Owned Owned
Unknown

SPECULATIVE BUY

Driller.  A little more conservative than PD-T.  If we get a significant bump in commodity prices it would come back.  The sector is too volatile.

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Driller.  A little more conservative than PD-T.  If we get a significant bump in commodity prices it would come back.  The sector is too volatile.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$9.890
Owned Owned
Unknown

COMMENT

This is not one that he particularly likes. In 2010 they had about $150 million in debt and now it is about $125 million. He wonders why they don’t cut the dividend.

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This is not one that he particularly likes. In 2010 they had about $150 million in debt and now it is about $125 million. He wonders why they don’t cut the dividend.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$11.080
Owned Owned
No

DON'T BUY

Still a little early for the drillers, particularly the fracers where this one is placed. Feels they have a couple of very, very ugly quarters in front of them, and earnings revisions are still coming. He would be more inclined to buy the unlevered producers.

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Still a little early for the drillers, particularly the fracers where this one is placed. Feels they have a couple of very, very ugly quarters in front of them, and earnings revisions are still coming. He would be more inclined to buy the unlevered producers.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$9.520
Owned Owned
Unknown

DON'T BUY

Well driller.  Basins in North America drive their business.  They live off most of the 2015 capital expenditure budgets that are now being drafted.  Contract drillers are swingier when it comes to sensitivity to capital expenditure swings.  That is why the stock is trading so low.  The balance sheet is another concern.

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Well driller.  Basins in North America drive their business.  They live off most of the 2015 capital expenditure budgets that are now being drafted.  Contract drillers are swingier when it comes to sensitivity to capital expenditure swings.  That is why the stock is trading so low.  The balance sheet is another concern.

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Martin Davies

Portfolio , Brickburn Asset Mana...

Price Price
$11.320
Owned Owned
Unknown

WEAK BUY

Overall, this name is fine, but is very sceptical about land drilling in Canada given what has happened. We are still infrastructurally charged. Gas lines certainly seem to be something that is happening, but oil pipelines are more problematic. Drilling in Canada has definitely slowed over the last 2-3 years. If you want to “trade” the name, seeing that there is some seasonality in gas, that would be fine, but he wouldn’t make it as a long-term hold.

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Overall, this name is fine, but is very sceptical about land drilling in Canada given what has happened. We are still infrastructurally charged. Gas lines certainly seem to be something that is happening, but oil pipelines are more problematic. Drilling in Canada has definitely slowed over the last 2-3 years. If you want to “trade” the name, seeing that there is some seasonality in gas, that would be fine, but he wouldn’t make it as a long-term hold.

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John Stephenson

President , Stephenson & Company...

Price Price
$12.280
Owned Owned
Unknown

WEAK BUY

A more conservatively managed driller.  Does not own one in this sector, but if he did it would be this one.  A tough sector to own for the long haul.  He owns SCL-T in this space.

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A more conservatively managed driller.  Does not own one in this sector, but if he did it would be this one.  A tough sector to own for the long haul.  He owns SCL-T in this space.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$14.470
Owned Owned
No

COMMENT

Oil/gas service. He favours some of the other names. It ranks 277, so it is in the top 3rd of his database. 17X PE. Earnings are virtually flat for 2014 versus 2013, but are expected to snap back to 38% earnings growth in 2015. Assuming they can deliver the numbers in the coming year, he thinks there will be an improvement in his Quant ranks.

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Oil/gas service. He favours some of the other names. It ranks 277, so it is in the top 3rd of his database. 17X PE. Earnings are virtually flat for 2014 versus 2013, but are expected to snap back to 38% earnings growth in 2015. Assuming they can deliver the numbers in the coming year, he thinks there will be an improvement in his Quant ranks.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$16.310
Owned Owned
Unknown

HOLD

Ensign Energy is a solid company. She used to own but moved into riskier drillers (Precision as it offered a dividend).Should be fine to hold if you own.

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Ensign Energy is a solid company. She used to own but moved into riskier drillers (Precision as it offered a dividend).Should be fine to hold if you own.

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Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$16.200
Owned Owned
No

BUY

Top 10% of his database.  Thinks there are still very good technical analysis pictures in the space.  Earnings estimate are down in the group and are bottoming.  This one ranks quite well, so is a candidate for purchase.

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Top 10% of his database.  Thinks there are still very good technical analysis pictures in the space.  Earnings estimate are down in the group and are bottoming.  This one ranks quite well, so is a candidate for purchase.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$15.410
Owned Owned
No

COMMENT
There will be a time to look at drilling companies in a few months. The whole sector has come off tremendously. Doesn't expect there will be much of a return in this name for a while.
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There will be a time to look at drilling companies in a few months. The whole sector has come off tremendously. Doesn't expect there will be much of a return in this name for a while.
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John Stephenson

President , Stephenson & Company...

Price Price
$13.760
Owned Owned
Unknown

WAIT
There are headwinds about cuts to Cap X. Missed consensus on profits even though revenues where there. Prefers PD
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There are headwinds about cuts to Cap X. Missed consensus on profits even though revenues where there. Prefers PD
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$16.760
Owned Owned
Unknown

TOP PICK
Paying a bit of a dividend, in an uptrend. You can hold it for a long time. Pick it up at $19. Fundamentals are pretty good as well.
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Paying a bit of a dividend, in an uptrend. You can hold it for a long time. Pick it up at $19. Fundamentals are pretty good as well.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$18.300
Owned Owned
No

BUY
Whole sector is in a huge bull market. Just hang on to it, you are going to make a lot of money.
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Whole sector is in a huge bull market. Just hang on to it, you are going to make a lot of money.
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Derek Webb, CFA

Chairman, , Webb Asset Managemen...

Price Price
$17.860
Owned Owned
Unknown

BUY
Drillers have had a nice move but it’s mostly in the pressure pumpers such as Calfrac (CFW-T) and Trican (TCW-T). This one and a few of the others have lagged a little and will start to play some catch-up. US drillers are starting to do better.
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Drillers have had a nice move but it’s mostly in the pressure pumpers such as Calfrac (CFW-T) and Trican (TCW-T). This one and a few of the others have lagged a little and will start to play some catch-up. US drillers are starting to do better.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$15.230
Owned Owned
No

HOLD
He detected what could be a turn. We have passed the worst part. It will have a positive impact on drilling. The stocks are just starting to react to that. He is thinking of adding to oil drilling stocks at this point.
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He detected what could be a turn. We have passed the worst part. It will have a positive impact on drilling. The stocks are just starting to react to that. He is thinking of adding to oil drilling stocks at this point.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$13.000
Owned Owned
Unknown

DON'T BUY
Had a poor spring. Earnings seemed to be coming along. They are more active in the US. Thinks the royalty increase in Alberta hurt them. Still sitting with a lot of rigs on the shelf.
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Had a poor spring. Earnings seemed to be coming along. They are more active in the US. Thinks the royalty increase in Alberta hurt them. Still sitting with a lot of rigs on the shelf.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$21.030
Owned Owned
Unknown

HOLD
The biggest issue with the services sector right now is that they have had a very good run off a very low base. The time to look at them is in the late fall period just before they get into the drilling season.
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The biggest issue with the services sector right now is that they have had a very good run off a very low base. The time to look at them is in the late fall period just before they get into the drilling season.
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John Stephenson

President , Stephenson & Company...

Price Price
$23.660
Owned Owned
No

PAST TOP PICK
Calfrac Well Services (CFW-T), Precision Drilling (PD.UN-T), Ensign Resource (ESI-T). Involved in fracturing, an expensive exploration/production service, which basically fractures rocks to release petrochemicals. With higher natural gas, companies are starting to use this service. Bullish on natural gas. These companies can be very cyclical and will fall off the table when energy prices weaken.
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Calfrac Well Services (CFW-T), Precision Drilling (PD.UN-T), Ensign Resource (ESI-T). Involved in fracturing, an expensive exploration/production service, which basically fractures rocks to release petrochemicals. With higher natural gas, companies are starting to use this service. Bullish on natural gas. These companies can be very cyclical and will fall off the table when energy prices weaken.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$21.450
Owned Owned
Unknown

PAST TOP PICK
(A Top Pick May 30/07. No change.) Oil/gas service. International side of business has been doing well. Cdn operations has been weaker than expected, but better than what analysts had been looking for. Wait a month to buy on a pullback. Could take profits.
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(A Top Pick May 30/07. No change.) Oil/gas service. International side of business has been doing well. Cdn operations has been weaker than expected, but better than what analysts had been looking for. Wait a month to buy on a pullback. Could take profits.
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Robert Floyd

President, R A Floyd Management...

Price Price
$22.190
Owned Owned
Yes

PAST TOP PICK
(A Top Pick May 30/07. Up 2%.) Can still see some upside on this one. The real knock on some of the energy service companies has been the drilling for gas but with a stronger improvement in the price, some of them will show stronger cash flows. Might add on a pull back.
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(A Top Pick May 30/07. Up 2%.) Can still see some upside on this one. The real knock on some of the energy service companies has been the drilling for gas but with a stronger improvement in the price, some of them will show stronger cash flows. Might add on a pull back.
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Robert Floyd

President, R A Floyd Management...

Price Price
$21.550
Owned Owned
Yes

PAST TOP PICK
(A Top Pick May 8/07. Up 9%.) Feels energy services are going to do pretty well, particularly now that natural gas has bounced back.
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(A Top Pick May 8/07. Up 9%.) Feels energy services are going to do pretty well, particularly now that natural gas has bounced back.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$22.200
Owned Owned
Yes

BUY
Likes the story on this one.
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Likes the story on this one.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$20.920
Owned Owned
Unknown

BUY
Model price is $27.41, a 50% upside to the model price. There has been a huge move off the $12 area but there is still more value.
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Model price is $27.41, a 50% upside to the model price. There has been a huge move off the $12 area but there is still more value.
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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$18.250
Owned Owned
Unknown

BUY
Model price of $27.96, an upside of around 74%. Earnings are coming down. Would chance it here, but it could drop further if things get ugly.
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Model price of $27.96, an upside of around 74%. Earnings are coming down. Would chance it here, but it could drop further if things get ugly.
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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$16.150
Owned Owned
Unknown

COMMENT
Service/drilling area is still in very bad shape out west. Rig count is under 50%. Not a very rosy future for them. If it gets close to $20, considered lightening up.
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Service/drilling area is still in very bad shape out west. Rig count is under 50%. Not a very rosy future for them. If it gets close to $20, considered lightening up.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$18.780
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Aug 18/06. Down 16.2%.) Drilling has been a little soft on the gas side. Reported numbers were down. Trying to diversify their assets internationally. Very well run company.
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(A Top Pick Aug 18/06. Down 16.2%.) Drilling has been a little soft on the gas side. Reported numbers were down. Trying to diversify their assets internationally. Very well run company.
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Robert Floyd

President, R A Floyd Management...

Price Price
$18.920
Owned Owned
Yes

DON'T BUY
The best financially managed drilling stock in Canada. Has US exposure. Doesn't look like there's going to be a big ramp up. Too much built into the price. Prefers the producers rather than the drillers.
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The best financially managed drilling stock in Canada. Has US exposure. Doesn't look like there's going to be a big ramp up. Too much built into the price. Prefers the producers rather than the drillers.
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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$19.950
Owned Owned
No

PAST TOP PICK
Then 21.60 Still holds and likes them. They are a service provider. Half of it's revenue comes from abroad.
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Then 21.60 Still holds and likes them. They are a service provider. Half of it's revenue comes from abroad.
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John Stephenson

President , Stephenson & Company...

Price Price
$22.050
Owned Owned
Yes

BUY
Activity levels are very low, so there are no earnings. It's a self healing process in that oil will start costing more. He doesn't own it but he owns one very similar, and has no problems with this one.
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Activity levels are very low, so there are no earnings. It's a self healing process in that oil will start costing more. He doesn't own it but he owns one very similar, and has no problems with this one.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$23.430
Owned Owned
No

TOP PICK
Involved in drilling and servicing of oil/gas. 2nd largest in Canada but also have international operations. 1st quarter numbers where a little weak in Canada but showing strength in US and international.
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Involved in drilling and servicing of oil/gas. 2nd largest in Canada but also have international operations. 1st quarter numbers where a little weak in Canada but showing strength in US and international.
oil/gas
0 0 0 0 0
0 comments
Robert Floyd

President, R A Floyd Management...

Price Price
$21.990
Owned Owned
Yes

TOP PICK
Driller and well service company in both Canada and the US. Bargain price. There may be a poor quarter or two. Looking for substantial drilling in 07-08 and even more in 08-09.
oil/gas
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0 comments
Driller and well service company in both Canada and the US. Bargain price. There may be a poor quarter or two. Looking for substantial drilling in 07-08 and even more in 08-09.
oil/gas
0 0 0 0 0
0 comments
David Baskin

President, Baskin Wealth Manage...

Price Price
$20.830
Owned Owned
Yes

WAIT
Drilling companies had a light quarter because of early spring break up. Expect there will be some warnings of missed numbers. They’re well positioned for gas drilling. Valuation is a little bit high but there will be buying opportunities over the next couple of months.
oil/gas
0 0 0 0 0
0 comments
Drilling companies had a light quarter because of early spring break up. Expect there will be some warnings of missed numbers. They’re well positioned for gas drilling. Valuation is a little bit high but there will be buying opportunities over the next couple of months.
oil/gas
0 0 0 0 0
0 comments
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$19.300
Owned Owned
Unknown

PAST TOP PICK
(A Top Pick June 28/06. Down 9.8%.) With gas prices falling, drilling has been cut. Half its revenue comes from outside of Canada. Still a Hold.
oil/gas
0 0 0 0 0
0 comments
(A Top Pick June 28/06. Down 9.8%.) With gas prices falling, drilling has been cut. Half its revenue comes from outside of Canada. Still a Hold.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$19.470
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Dec 7/06. Down 3.2%.) Still a buy under $19. Well-run company. Have a good mix of rigs.
oil/gas
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0 comments
(A Top Pick Dec 7/06. Down 3.2%.) Still a buy under $19. Well-run company. Have a good mix of rigs.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$18.690
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Feb 3/06. Down 23.7%.) Gas related. Nothing fundamentally wrong with the company. Utilization of rigs has gone from the high 90% to the mid-60%.
oil/gas
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0 comments
(A Top Pick Feb 3/06. Down 23.7%.) Gas related. Nothing fundamentally wrong with the company. Utilization of rigs has gone from the high 90% to the mid-60%.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$18.430
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Jan 25/06. Down 26%.) Basically what is happening with the service companies in Canada is the big pull back in natural gas.
oil/gas
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0 comments
(A Top Pick Jan 25/06. Down 26%.) Basically what is happening with the service companies in Canada is the big pull back in natural gas.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$18.000
Owned Owned
Yes

BUY
A Buy under $20. This is probably the bottom of the market for gas. Prefers Savanna Energy (SVY-T).
oil/gas
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0 comments
A Buy under $20. This is probably the bottom of the market for gas. Prefers Savanna Energy (SVY-T).
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$18.490
Owned Owned
Unknown

DON'T BUY
Since the beginning of this bull market in energy, the play is that you either go with producers or service. Right now, the ball is back in the producers’ court. This is one that you just play on the cycle.
oil/gas
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0 comments
Since the beginning of this bull market in energy, the play is that you either go with producers or service. Right now, the ball is back in the producers’ court. This is one that you just play on the cycle.
oil/gas
0 0 0 0 0
0 comments
Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$18.930
Owned Owned
No

TOP PICK
Has come off quite nicely. Have an excellent fleet. Rigs are all booked. Pays a dividend. Under $20 is a good price.
oil/gas
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0 comments
Has come off quite nicely. Have an excellent fleet. Rigs are all booked. Pays a dividend. Under $20 is a good price.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$19.530
Owned Owned
Yes

BUY
Had been sold off too far. Earnings expectations are pretty strong. Good price.
oil/gas
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0 comments
Had been sold off too far. Earnings expectations are pretty strong. Good price.
oil/gas
0 0 0 0 0
0 comments
Robert Floyd

President, R A Floyd Management...

Price Price
$19.490
Owned Owned
Yes

PAST TOP PICK
(A Top Pick June 28/06. Down 13.9%.) With the pullback in commodities, the service sector has been hardest hit. A Hold at this time.
oil/gas
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0 comments
(A Top Pick June 28/06. Down 13.9%.) With the pullback in commodities, the service sector has been hardest hit. A Hold at this time.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$18.000
Owned Owned
Yes

PAST TOP PICK
(A Past Top Aug 18/06. Down 18.9%.) Numbers reported were very strong. Outlook for drillers has been a little bit suspect. This company’s outlook is looking fairly good for next year.
oil/gas
0 0 0 0 0
0 comments
(A Past Top Aug 18/06. Down 18.9%.) Numbers reported were very strong. Outlook for drillers has been a little bit suspect. This company’s outlook is looking fairly good for next year.
oil/gas
0 0 0 0 0
0 comments
Robert Floyd

President, R A Floyd Management...

Price Price
$18.240
Owned Owned
Yes

WEAK BUY
Stuck in a trading band, $16.50 to $19.50. A lot of operating difficulties going into 2007 for the drilling sector. Cautious on this sector.
oil/gas
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0 comments
Stuck in a trading band, $16.50 to $19.50. A lot of operating difficulties going into 2007 for the drilling sector. Cautious on this sector.
oil/gas
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0 comments
Steve Carlin

Senior Vic, Aegon Capital Manage...

Price Price
$18.220
Owned Owned
No

BUY
Took profits when it got to $25. One of the better companies in Canada. Good array of rigs, both deep and shallow. Shallow gas drilling has been curtailed which has hurt. A buy at $17-$19. You will have to trade the service stocks.
oil/gas
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0 comments
Took profits when it got to $25. One of the better companies in Canada. Good array of rigs, both deep and shallow. Shallow gas drilling has been curtailed which has hurt. A buy at $17-$19. You will have to trade the service stocks.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$19.160
Owned Owned
Yes

BUY
Every time there is a cyclical downturn in natural gas, investors think there will be no more drilling. There will be, and they're giving stocks away. This includes all the drillers such as Ensign (ESI-T), Precision Drilling (PD.UN-T) and Calfrac Well Services (CFW-T).
oil/gas
0 0 0 0 0
0 comments
Every time there is a cyclical downturn in natural gas, investors think there will be no more drilling. There will be, and they're giving stocks away. This includes all the drillers such as Ensign (ESI-T), Precision Drilling (PD.UN-T) and Calfrac Well Services (CFW-T).
oil/gas
0 0 0 0 0
0 comments
David Baskin

President, Baskin Wealth Manage...

Price Price
$18.450
Owned Owned
Unknown

TOP PICK
A good seasonal trade. Earnings are still looking quite strong at $1.95 going to $2.15 next year. 2nd largest driller and 3rd largest service company in Canada.
oil/gas
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0 comments
A good seasonal trade. Earnings are still looking quite strong at $1.95 going to $2.15 next year. 2nd largest driller and 3rd largest service company in Canada.
oil/gas
0 0 0 0 0
0 comments
Robert Floyd

President, R A Floyd Management...

Price Price
$17.680
Owned Owned
Yes

BUY
It is now back in the area of 52-week lows and that is always a critical test. If oil holds at these levels, this would be a great buying opportunity. Risk/reward is okay.
oil/gas
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0 comments
It is now back in the area of 52-week lows and that is always a critical test. If oil holds at these levels, this would be a great buying opportunity. Risk/reward is okay.
oil/gas
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$17.070
Owned Owned
No

DON'T BUY
Drillers have had a great run. Had a lot of pricing power the 1st and 2nd quarters. A lot of the problems have disappeared and they no longer have the pricing power. Making good money, but won't see the type of earnings growth in the recent past. Prefers some of the others.
oil/gas
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0 comments
Drillers have had a great run. Had a lot of pricing power the 1st and 2nd quarters. A lot of the problems have disappeared and they no longer have the pricing power. Making good money, but won't see the type of earnings growth in the recent past. Prefers some of the others.
oil/gas
0 0 0 0 0
0 comments
Glenn MacNeill,

CIO & Sr. , Lawrence Asset Manag...

Price Price
$21.060
Owned Owned
No

WAIT
The “oil service companies” is one of his favourite sectors. Can see three more years of upside. Would add more are at $20/21.
oil/gas
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0 comments
The “oil service companies” is one of his favourite sectors. Can see three more years of upside. Would add more are at $20/21.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$23.180
Owned Owned
Yes

TOP PICK
2nd largest driller and 3rd largest service company in Canada. Likes the oil service sector. Earnings progression is looking quite strong at $1.95 to grow to $2.15 next year.
oil/gas
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0 comments
2nd largest driller and 3rd largest service company in Canada. Likes the oil service sector. Earnings progression is looking quite strong at $1.95 to grow to $2.15 next year.
oil/gas
0 0 0 0 0
0 comments
Robert Floyd

President, R A Floyd Management...

Price Price
$22.480
Owned Owned
Yes

BUY
Likes the oil service sector. This one looks good on profit growth.
oil/gas
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0 comments
Likes the oil service sector. This one looks good on profit growth.
oil/gas
0 0 0 0 0
0 comments
Peter Gibson

Vice Chair, Desjardins Securitie...

Price Price
$22.480
Owned Owned
Unknown

BUY on WEAKNESS
Reasonably fully priced. Reduced his holdings in the $25 range. Excellent management. A buy around $20/21.
oil/gas
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0 comments
Reasonably fully priced. Reduced his holdings in the $25 range. Excellent management. A buy around $20/21.
oil/gas
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0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$23.450
Owned Owned
Yes

HOLD
Just reported and numbers where as expected. The problem here is with weak gas prices. There is a lot of postponing of drilling that has affected the service guys. Can see it flattening out here for a while.
oil/gas
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0 comments
Just reported and numbers where as expected. The problem here is with weak gas prices. There is a lot of postponing of drilling that has affected the service guys. Can see it flattening out here for a while.
oil/gas
0 0 0 0 0
0 comments
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$23.810
Owned Owned
Unknown

TOP PICK
2nd largest driller and 3rd largest service company. Looking for strong cash flows from them.
oil/gas
0 0 0 0 0
0 comments
2nd largest driller and 3rd largest service company. Looking for strong cash flows from them.
oil/gas
0 0 0 0 0
0 comments
Robert Floyd

President, R A Floyd Management...

Price Price
$24.830
Owned Owned
Yes

WAIT
Would like to get through the next couple of quarters on gas related stocks. This company has a lot of gas drilling, so would like to see how some of the drilling results look in Q2 and into Q3. One of the best drillers in Canada.
oil/gas
0 0 0 0 0
0 comments
Would like to get through the next couple of quarters on gas related stocks. This company has a lot of gas drilling, so would like to see how some of the drilling results look in Q2 and into Q3. One of the best drillers in Canada.
oil/gas
0 0 0 0 0
0 comments
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$20.350
Owned Owned
No

TOP PICK
On a “return on capital” basis, it is very attractive. Has one of the lowest levels of debt of the service companies.
oil/gas
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0 comments
On a “return on capital” basis, it is very attractive. Has one of the lowest levels of debt of the service companies.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$21.600
Owned Owned
Yes

HOLD
Gas focused so there is a lot more pricing pressures.
oil/gas
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0 comments
Gas focused so there is a lot more pricing pressures.
oil/gas
0 0 0 0 0
0 comments
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$21.500
Owned Owned
Unknown

DON'T BUY
The oil/gas servicing companies are doing extremely well and will continue to do so. However, this one has got a little ahead of itself. If it pulled back into the low $40's or even under, he would buy. Has been selling at these prices.
oil/gas
0 0 0 0 0
0 comments
The oil/gas servicing companies are doing extremely well and will continue to do so. However, this one has got a little ahead of itself. If it pulled back into the low $40's or even under, he would buy. Has been selling at these prices.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$47.200
Owned Owned
Yes

DON'T BUY
Has gone too far to get into it now. If you own it, do not let it fall below the low in March.
oil/gas
0 0 0 0 0
0 comments
Has gone too far to get into it now. If you own it, do not let it fall below the low in March.
oil/gas
0 0 0 0 0
0 comments
Bill Carrigan

Technical , Getting Technical In...

Price Price
$48.750
Owned Owned
No

BUY
An indirect way of playing energy. If oil/gas prices continue to rise, they will continue to make good money. Prefers Trican Well Service (TCW-T) as it is more weighted to gas and he feels this is where supplies could be short.
oil/gas
0 0 0 0 0
0 comments
An indirect way of playing energy. If oil/gas prices continue to rise, they will continue to make good money. Prefers Trican Well Service (TCW-T) as it is more weighted to gas and he feels this is where supplies could be short.
oil/gas
0 0 0 0 0
0 comments
David Driscoll

President , Liberty Internationa...

Price Price
$48.410
Owned Owned
No

BUY
All the drillers have probably been the most severely impacted with natural gas prices backing down. They are also the most levered to the price of natural gas going up which is very likely.
oil/gas
0 0 0 0 0
0 comments
All the drillers have probably been the most severely impacted with natural gas prices backing down. They are also the most levered to the price of natural gas going up which is very likely.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$47.910
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Jan 25/06. Down 9%.) Some of the drillers and service companies have been badly hit because of the high leverage to the natural gas story. The likelihood of another warm winter and cool summer is very remote. A good chance to pick up more.
oil/gas
0 0 0 0 0
0 comments
(A Top Pick Jan 25/06. Down 9%.) Some of the drillers and service companies have been badly hit because of the high leverage to the natural gas story. The likelihood of another warm winter and cool summer is very remote. A good chance to pick up more.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$42.110
Owned Owned
Yes

DON'T BUY
The service stocks got a bit ahead of themselves. Starting to see overcapacity on the land based drillers witches and early warning sign that prices/margins could come under pressure.
oil/gas
0 0 0 0 0
0 comments
The service stocks got a bit ahead of themselves. Starting to see overcapacity on the land based drillers witches and early warning sign that prices/margins could come under pressure.
oil/gas
0 0 0 0 0
0 comments
Chris Smith

Managing D, Gryphon Investment C...

Price Price
$41.500
Owned Owned
No

WAIT
Seasonality wise, this is the time of the spring breakup and oil drilling ceases. The second quarter is the weakest one for oil field service companies. They have a large proportion of their rigs in the Rocky Mountain region which is one of the growth areas in drilling activity. Likes their story and their future. You could probably wait a couple of months for a better price. Prefers this over Trinidad Energy Services (TDG.UN-T).
oil/gas
0 0 0 0 0
0 comments
Seasonality wise, this is the time of the spring breakup and oil drilling ceases. The second quarter is the weakest one for oil field service companies. They have a large proportion of their rigs in the Rocky Mountain region which is one of the growth areas in drilling activity. Likes their story and their future. You could probably wait a couple of months for a better price. Prefers this over Trinidad Energy Services (TDG.UN-T).
oil/gas
0 0 0 0 0
0 comments
Wilf Gobert

Oil Analys, Peters & Company...

Price Price
$40.850
Owned Owned
Unknown

TOP PICK
This is an oil service company. It is the most attractive oil stock, but predicts all oil stocks will go higher (except Encana who is having problems) He owns ESI and is planning on buying more in mid March. His average cost is $40.70.
oil/gas
0 0 0 0 0
0 comments
This is an oil service company. It is the most attractive oil stock, but predicts all oil stocks will go higher (except Encana who is having problems) He owns ESI and is planning on buying more in mid March. His average cost is $40.70.
oil/gas
0 0 0 0 0
0 comments
Ron Meisels

President, P & C Holdings...

Price Price
$40.950
Owned Owned
Yes

VAGUE
Good managment. Stock has traded up. Strong growth on the drilling side. Past growth is strong.
oil/gas
0 0 0 0 0
0 comments
Good managment. Stock has traded up. Strong growth on the drilling side. Past growth is strong.
oil/gas
0 0 0 0 0
0 comments
Robert Floyd

President, R A Floyd Management...

Price Price
$38.850
Owned Owned
Yes

BUY
He likes this stock and the drilling sector. He believes there will be decent flows. Evaluarion is on the high end.
oil/gas
0 0 0 0 0
0 comments
He likes this stock and the drilling sector. He believes there will be decent flows. Evaluarion is on the high end.
oil/gas
0 0 0 0 0
0 comments
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$40.250
Owned Owned
Unknown

BUY
Reversing on balance sheets so a lot of flexibility to make acquisitions. Recommending drillers. Bull market ended at the end of 1980’s and 70% of names have gone out of business or merged. One of the worst hit groups was the drilling. Likes it because it trades lower.
oil/gas
0 0 0 0 0
0 comments
Reversing on balance sheets so a lot of flexibility to make acquisitions. Recommending drillers. Bull market ended at the end of 1980’s and 70% of names have gone out of business or merged. One of the worst hit groups was the drilling. Likes it because it trades lower.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$48.250
Owned Owned
Unknown

TOP PICK
Trading in line but less than peer group. Less expensive. Adding more rigs. More revenue coming in. Higher margins. Right sector and the right time.
oil/gas
0 0 0 0 0
0 comments
Trading in line but less than peer group. Less expensive. Adding more rigs. More revenue coming in. Higher margins. Right sector and the right time.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$48.250
Owned Owned
Yes

BUY
Well run. International focused. Strong cash flow.
oil/gas
0 0 0 0 0
0 comments
Well run. International focused. Strong cash flow.
oil/gas
0 0 0 0 0
0 comments
Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$48.060
Owned Owned
Unknown

TOP PICK
Second largest contract driller in the country. Drilling is increasing over all. Have increased the number of rigs. Rates are increasing. Expenditures in the sector are increasing.
oil/gas
0 0 0 0 0
0 comments
Second largest contract driller in the country. Drilling is increasing over all. Have increased the number of rigs. Rates are increasing. Expenditures in the sector are increasing.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$46.880
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Oct 12/05. Up 24%) very experienced management. A good stock. Add to it on dips.
oil/gas
0 0 0 0 0
0 comments
(A Top Pick Oct 12/05. Up 24%) very experienced management. A good stock. Add to it on dips.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$47.500
Owned Owned
Yes

HOLD
The oil service industries are the ones that are going to be making most of the money. They are increasing their rates by 15% and nobody can say no because if you want something done, you have to hire them. This one is one of the best out there. Lots of rigs and building lots more. Would like to see a little pullback.
oil/gas
0 0 0 0 0
0 comments
The oil service industries are the ones that are going to be making most of the money. They are increasing their rates by 15% and nobody can say no because if you want something done, you have to hire them. This one is one of the best out there. Lots of rigs and building lots more. Would like to see a little pullback.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$46.920
Owned Owned
Yes

DON'T BUY
Trading around his model price of $48. Wouldn't initiate a position here. Wait for a pullback.
oil/gas
0 0 0 0 0
0 comments
Trading around his model price of $48. Wouldn't initiate a position here. Wait for a pullback.
oil/gas
0 0 0 0 0
0 comments
Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$46.850
Owned Owned
No

BUY
With natural gas where it is, companies like this are going to have fabulous years. With energy at these kinds of prices, everybody is going to be drilling like crazy. This is partly reflected in the prices. Everybody should all at least one of these companies.
oil/gas
0 0 0 0 0
0 comments
With natural gas where it is, companies like this are going to have fabulous years. With energy at these kinds of prices, everybody is going to be drilling like crazy. This is partly reflected in the prices. Everybody should all at least one of these companies.
oil/gas
0 0 0 0 0
0 comments
David Baskin

President, Baskin Wealth Manage...

Price Price
$46.800
Owned Owned
Unknown

TOP PICK
Feels this is the oil services company, that really has momentum. Looking for a 20/30% increase in earnings in ’06. A little on the high end of the range and would rather buy it at $40.
oil/gas
0 0 0 0 0
0 comments
Feels this is the oil services company, that really has momentum. Looking for a 20/30% increase in earnings in ’06. A little on the high end of the range and would rather buy it at $40.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$43.180
Owned Owned
Yes

BUY
Oil field service sector, drilling in particular. All the drilling companies are going to be really busy this winter. Don't think you can go wrong in the sector with the caveat that they've all gotten really expensive. Has both a seasonal and cyclical aspect to it.
oil/gas
0 0 0 0 0
0 comments
Oil field service sector, drilling in particular. All the drilling companies are going to be really busy this winter. Don't think you can go wrong in the sector with the caveat that they've all gotten really expensive. Has both a seasonal and cyclical aspect to it.
oil/gas
0 0 0 0 0
0 comments
David Baskin

President, Baskin Wealth Manage...

Price Price
$43.950
Owned Owned
Yes

BUY
A great name to hold. A service company and this is the area were you want to be, where you are coming off very low capital stock in terms of equipment. There is increased drilling activity.
oil/gas
0 0 0 0 0
0 comments
A great name to hold. A service company and this is the area were you want to be, where you are coming off very low capital stock in terms of equipment. There is increased drilling activity.
oil/gas
0 0 0 0 0
0 comments
John Stephenson

President , Stephenson & Company...

Price Price
$38.950
Owned Owned
Yes

TOP PICK
One of the largest drillers. Hasn't moved up as fast as the oil/gas companies. A good diversification in the energy sector. Their fleet is growing and are building new amazing drilling rigs. Drilling rates are going up and they are fully booked. Pays a dividend.
oil/gas
0 0 0 0 0
0 comments
One of the largest drillers. Hasn't moved up as fast as the oil/gas companies. A good diversification in the energy sector. Their fleet is growing and are building new amazing drilling rigs. Drilling rates are going up and they are fully booked. Pays a dividend.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$37.700
Owned Owned
Yes

BUY
Sometimes you get these wild swings in these cycles, especially with the drillers, but this time they never pulled off that much. No reason not to buy into the service industries, he just doesn't like the cyclicality of it. Right now they are in a pinch point going into the winter, where they have run out of rigs and crews. Expect these stocks will keep going.
oil/gas
0 0 0 0 0
0 comments
Sometimes you get these wild swings in these cycles, especially with the drillers, but this time they never pulled off that much. No reason not to buy into the service industries, he just doesn't like the cyclicality of it. Right now they are in a pinch point going into the winter, where they have run out of rigs and crews. Expect these stocks will keep going.
oil/gas
0 0 0 0 0
0 comments
Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$37.080
Owned Owned
No

BUY
All the well drillers and services have done incredibly well. This one is a little more reasonably valued at 5.5/6 X cash flow. No debt. Has managed to expand its margins.
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All the well drillers and services have done incredibly well. This one is a little more reasonably valued at 5.5/6 X cash flow. No debt. Has managed to expand its margins.
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John Stephenson

President , Stephenson & Company...

Price Price
$38.690
Owned Owned
Yes

BUY
A good way to invest in the energy sector. You're not worrying about a production miss in a given quarter that might take the stock down. Day rates are going up. Trading a little bit cheaper than some of its peers at 5.6 X multiple of cash flow. Debt free.
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A good way to invest in the energy sector. You're not worrying about a production miss in a given quarter that might take the stock down. Day rates are going up. Trading a little bit cheaper than some of its peers at 5.6 X multiple of cash flow. Debt free.
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John Stephenson

President , Stephenson & Company...

Price Price
$37.810
Owned Owned
Unknown

BUY
Has hit a new all time high and is going higher. Put your stop/loss at $33.
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Has hit a new all time high and is going higher. Put your stop/loss at $33.
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Ron Meisels

President, P & C Holdings...

Price Price
$37.400
Owned Owned
Unknown

BUY
Although she doesn't own any at present, the oil services is a good sector. Just reported good earnings, particularily strong on the US side.
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Although she doesn't own any at present, the oil services is a good sector. Just reported good earnings, particularily strong on the US side.
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Laura Wallace

Managing D, Coleford Investment ...

Price Price
$34.420
Owned Owned
No

TOP PICK
(A Top Pick Jun 15/05. Up 9%.) An alternative to the straight oil and gas stocks. The drilling industry is doing extremely well. A stock you should own if you want to be in the energy industry. They'll have a long and happy run. Would buy more under $30.
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(A Top Pick Jun 15/05. Up 9%.) An alternative to the straight oil and gas stocks. The drilling industry is doing extremely well. A stock you should own if you want to be in the energy industry. They'll have a long and happy run. Would buy more under $30.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$32.500
Owned Owned
Yes

PAST TOP PICK
(A Top Pick May 12/05. Up 15%.) All oil service companies such as Ensign (ESI-T), Precision (PD-T), Trinidad (TDG.UN-T) and Wellco (WLL.UN-T) are doing extremely well. Had a very wet spring which tied up some of the rigs and could affect the earnings. Would look to buy under $30. Still good value.
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(A Top Pick May 12/05. Up 15%.) All oil service companies such as Ensign (ESI-T), Precision (PD-T), Trinidad (TDG.UN-T) and Wellco (WLL.UN-T) are doing extremely well. Had a very wet spring which tied up some of the rigs and could affect the earnings. Would look to buy under $30. Still good value.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$31.250
Owned Owned
Yes

TOP PICK
(A Top Pick March 10/05. Up 11%.) A good way to be diversified in the oil/gas sector on a broader sense. One of the best in service companies. Coal bed methane will require a huge amount of drilling. They will be making money for the next 3/4 years easily.
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(A Top Pick March 10/05. Up 11%.) A good way to be diversified in the oil/gas sector on a broader sense. One of the best in service companies. Coal bed methane will require a huge amount of drilling. They will be making money for the next 3/4 years easily.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$30.110
Owned Owned
Yes

BUY
Looks good right now. Not overly bullish on oil and gas, but expects this will become Canada's top drilling company which would give them a premium valuation. Starting to get some traction on some of their non-Canadian drilling rigs.
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Looks good right now. Not overly bullish on oil and gas, but expects this will become Canada's top drilling company which would give them a premium valuation. Starting to get some traction on some of their non-Canadian drilling rigs.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$29.780
Owned Owned
Unknown

TOP PICK
In general, he likes the oils which very recently have started a new major upleg. Good price and should have a good upside potential. The technical breakdown point would be $26/27.
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In general, he likes the oils which very recently have started a new major upleg. Good price and should have a good upside potential. The technical breakdown point would be $26/27.
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Ron Meisels

President, P & C Holdings...

Price Price
$29.780
Owned Owned
Yes

TOP PICK
If you believe in the oil/gas, particularily the gas side, should have a service stock in their portfolio. Good management. Will continue strong even if the price of oil goes back to $35 because the supply of gas in North America has hit some very finite limits.
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If you believe in the oil/gas, particularily the gas side, should have a service stock in their portfolio. Good management. Will continue strong even if the price of oil goes back to $35 because the supply of gas in North America has hit some very finite limits.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$27.080
Owned Owned
Yes

TOP PICK
(A Top PIck Mar 10/05. Up 1%.) Hoping on the current market weakness it will pull back a little, say under $26 or even $24 if it gets down there. They have their day rates up and are building more rigs and the demand is huge. It will remain huge for years and years. Now a growth industry rather than a cyclical industry.
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(A Top PIck Mar 10/05. Up 1%.) Hoping on the current market weakness it will pull back a little, say under $26 or even $24 if it gets down there. They have their day rates up and are building more rigs and the demand is huge. It will remain huge for years and years. Now a growth industry rather than a cyclical industry.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$27.000
Owned Owned
Yes

TOP PICK
Likes it at under $25. Drilling stocks continue to be undervalued and underloved. The risk is that the sector is running out of decent crews.
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Likes it at under $25. Drilling stocks continue to be undervalued and underloved. The risk is that the sector is running out of decent crews.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$25.800
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Feb 1/05. Down 7.5%) It had a correction the same as the rest of the oils. Not worried.
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(A Top Pick Feb 1/05. Down 7.5%) It had a correction the same as the rest of the oils. Not worried.
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Ron Meisels

President, P & C Holdings...

Price Price
$25.950
Owned Owned
Yes

BUY
In general, he likes the servicers and the drillers. A way to play the whole commodity story without taking so much of a specific risk on properties and the development of them. This one trades in line with its peers. Has expanding free cash flow. Trading at a discount to US comparables.
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In general, he likes the servicers and the drillers. A way to play the whole commodity story without taking so much of a specific risk on properties and the development of them. This one trades in line with its peers. Has expanding free cash flow. Trading at a discount to US comparables.
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John Stephenson

President , Stephenson & Company...

Price Price
$25.660
Owned Owned
No

DON'T BUY
Drilling in Canada is sort of a duopoly between this and Precision Drilling (PD-T). An exceptionally well run company. Stunning free cash flow. The problem is the drilling cycle, so far, has a record number of wells looking like another record being set. The stock reflects that. Historically juniors have just thrown money at the drillers, but are more disciplined now. Would rather play the producers than the drillers.
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Drilling in Canada is sort of a duopoly between this and Precision Drilling (PD-T). An exceptionally well run company. Stunning free cash flow. The problem is the drilling cycle, so far, has a record number of wells looking like another record being set. The stock reflects that. Historically juniors have just thrown money at the drillers, but are more disciplined now. Would rather play the producers than the drillers.
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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$26.730
Owned Owned
No

TOP PICK
Good management. Hands on guys. Probably buying it today.
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Good management. Hands on guys. Probably buying it today.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$27.150
Owned Owned
Yes

VAGUE
Thinks the market is trying to walk the stock up. He's going to look into it, ask next week.
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Thinks the market is trying to walk the stock up. He's going to look into it, ask next week.
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Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$27.970
Owned Owned
No

TOP PICK
All the drilling companies have had big runs, and probably need a little rest. They should be part of everyone's portfolio. Would buy on pull- backs. Day rates are going up and their rigs are being utilized. Have had good drilling weather. Should show some good earnings growth. Coal bed methane requires lots of wells, so there should be a lot of drilling in future.
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All the drilling companies have had big runs, and probably need a little rest. They should be part of everyone's portfolio. Would buy on pull- backs. Day rates are going up and their rigs are being utilized. Have had good drilling weather. Should show some good earnings growth. Coal bed methane requires lots of wells, so there should be a lot of drilling in future.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$28.890
Owned Owned
Yes

BUY
A very attractive name. The drillers and service companies are one way to not have specific risks. Reasonablt valued with very little debt.
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A very attractive name. The drillers and service companies are one way to not have specific risks. Reasonablt valued with very little debt.
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John Stephenson

President , Stephenson & Company...

Price Price
$28.750
Owned Owned
No

BUY
Would cheerfully buy anything that has oil attached to it. Safe to buy and hold and the stock will do well.
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