NAL Energy Corp | StockChase
133
NAL Energy Corp (NAE-T (Dead))

Last Price Recorded: $6.5300 on 2012-06-06

ON STOCKCHASE SINCE Jun 2001

merged with Pengrowth Energy

oil/gas

NAL Energy Corp


Signal Opinion Expert

2013-02-27

PAST TOP PICK
NAL Energy Corp (NAE-T (Dead))

(A Top Pick Feb 17/12. Down 8.02%.) Was acquired in June by Pengrowth (PGF-T).

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $6.530
Owned: No

2012-08-24

PAST TOP PICK
NAL Energy Corp (NAE-T (Dead))

(A Top Pick Aug 19/11. Down 24.07%.) Acquired by Pengrowth (PGF-T), which cut the yield. He is not happy with this.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $6.530
Owned: No

2012-05-04

WATCH
NAL Energy Corp (NAE-T (Dead))
Acquisition by Pengrowth (PGF-T). Is this a good deal for the stockholders? He is not super enthused about Pengrowth. As a combined company, they'll get some good assets from the NAL but expects they will have to get rid of some assets to maintain their payout. He is going to Watch and not dump his position yet.
oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $7.350
Owned: Yes

2012-04-24

HOLD
NAL Energy Corp (NAE-T (Dead))
This company is being acquired. What happens to the 6.25% convertible shares that are maturing Dec/14? A “change of control” clause gets triggered and NAL will basically offer you your money back. You don't want to do that because this takeover creates a stronger company and credit quality is improving.
oil/gas
Joey Mack

Director, Fixed Income, ScotiaCapital

Price: $7.250
Owned: Unknown

2012-04-12

HOLD
NAL Energy Corp (NAE-T (Dead))
They have just agreed to merge with Pengrowth Energy (PGF-T) and he thinks the outlook is good. They will be getting some access to light oil.
oil/gas
Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $7.690
Owned: Unknown

2012-03-16

HOLD
NAL Energy Corp (NAE-T (Dead))
There was anticipation of the cut. He averaged down. Payout ratio is ok. With a secure yield at this level he is quite happy to sit with it. It is acting very well in sell-offs.
oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $7.830
Owned: Yes

2012-03-14

HOLD
NAL Energy Corp (NAE-T (Dead))
Dividend is sustainable through 2012 but after that it depends on energy prices. They are doing the best they can to keep the dividend where it is. If Nat. Gas prices remain low there is potential for a cut. Still owns it but is not thrilled with it. He is not looking to exit at this point
oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $7.790
Owned: Yes

2012-02-17

TOP PICK
NAL Energy Corp (NAE-T (Dead))
Doesn't expect any further cuts in the 8% dividend. Just did a new bond issue, which will put some money in their pocket. Likes the areas they are in.
oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $7.300
Owned: Yes

2012-01-20

BUY
NAL Energy Corp (NAE-T (Dead))
Just added to his positions. Liked the company and where they are drilling in Alberta. They are good managers, but someone has been selling it and it has been significant and it has brought the stock down. They did cut the dividend but it is still at 8%. Will do quite well over the next couple of years.
oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $7.560
Owned: Yes

2012-01-12

HOLD
NAL Energy Corp (NAE-T (Dead))
Meeting tomorrow with management. Cut distribution from 7 to 5 cents. Probably a good thing to do. They are a conservatively managed company. His gut feel today is to stick with it.
oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $7.410
Owned: Unknown

2012-01-04

SELL ON STRENGTH
NAL Energy Corp (NAE-T (Dead))
Came off fairly sharply. Not currently on his buy list. Prefers a number of other things in the sector. Would not be in a rush to get out of it. Don’t stay too long either. Look for an opportunity if it bounces.
oil/gas
Michael Decter

President & CEO, Lawrence Decter Investment Counsel

Price: $8.250
Owned: Unknown

2011-12-20

COMMENT
NAL Energy Corp (NAE-T (Dead))
Still likes this one but is more favoured towards other names such as Crescent Point (CPG-T) and Arc Energy (ARX-T) but this one trades at a discount to the group. There are some questions as to how sustainable the oil/gas companies growth pattern is as their balance sheets become more and more restrained. Better names to own.
oil/gas
Ben Cheng

President and Chief Investment Officer, Aston Hill Financial Ltd.

Price: $7.370
Owned: Unknown

2011-12-16

COMMENT
NAL Energy Corp (NAE-T (Dead))
The present $0.94 will probably go to $0.48 and is probably already in the price of the shares. BOE production is probably 40,000 barrels a day, which is too small for him. Good small company. The smaller companies will get merged or taken out.
oil/gas
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $7.450
Owned: No

2011-12-15

BUY
NAL Energy Corp (NAE-T (Dead))
Balanced between oil and natural gas. People think the dividend may be at risk and that it is over leveraged. Yield of 12.1%. He is expecting $90 oil and about $6 natural gas for 2012. He is comfortable with the dividend given the asset base have.
oil/gas
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.

Price: $7.050
Owned: Unknown

2011-12-09

PAST TOP PICK
NAL Energy Corp (NAE-T (Dead))
(A Top Pick Dec 17/10. Down 40.52%.) Good management. They are in the cardium. Back in the spring, new selling came in and has been going on ever since. Using about 11%. Still a Hold.
oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $7.150
Owned: Yes

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