Provident Energy Ltd

PVE-T

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0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about PVE-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
December 2, 2013

(Top Pick Nov 8/11, Up 36.97%) No longer exists. She would have kept the shares in the settlement.

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(Top Pick Nov 8/11, Up 36.97%) No longer exists. She would have kept the shares in the settlement.

PAST TOP PICK
PAST TOP PICK
January 2, 2013

(A Top Pick Jan 4/12. Up 24.24%.) Acquired by Pembina (PPL-T), which he still holds.

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(A Top Pick Jan 4/12. Up 24.24%.) Acquired by Pembina (PPL-T), which he still holds.

PAST TOP PICK
PAST TOP PICK
May 30, 2012
(Top Pick May 16, 2011, Up 53.45%) He took the share exchange. It’s his third largest position.
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(Top Pick May 16, 2011, Up 53.45%) He took the share exchange. It’s his third largest position.
BUY
BUY
February 13, 2012
Being acquired by Pembina Pipeline (PPL-T) in a couple of weeks. Might be a very smart strategy to buy into this one now as a way of getting into Pembina. You get a little bit of accretion when it is taken over. Good defensive name with midstream assets.
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Being acquired by Pembina Pipeline (PPL-T) in a couple of weeks. Might be a very smart strategy to buy into this one now as a way of getting into Pembina. You get a little bit of accretion when it is taken over. Good defensive name with midstream assets.
WEAK BUY
WEAK BUY
January 11, 2012
A great company and business, and he likes the space. It is a mid-stream play on oil. It should do quite well here. There is good strong growth in cash flow and a relatively low payout ratio. Caution would be that the space has had a good run.
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A great company and business, and he likes the space. It is a mid-stream play on oil. It should do quite well here. There is good strong growth in cash flow and a relatively low payout ratio. Caution would be that the space has had a good run.
TOP PICK
TOP PICK
January 4, 2012
Thinks it is the bargain interpipe. Has been buying for quite some time. 40% of cash flow from frack spreads. They will stay terrific. Nat Gas will not make a comeback this year. 10% gain plus dividend in this stock.
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Thinks it is the bargain interpipe. Has been buying for quite some time. 40% of cash flow from frack spreads. They will stay terrific. Nat Gas will not make a comeback this year. 10% gain plus dividend in this stock.
COMMENT
COMMENT
January 3, 2012
A kind of hybrid facility type company that has sold off production. He owns the convertible debenture, which is a safer way and still has pretty good yield. Good way to get some yield and have protection in case anything happens.
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A kind of hybrid facility type company that has sold off production. He owns the convertible debenture, which is a safer way and still has pretty good yield. Good way to get some yield and have protection in case anything happens.
HOLD
HOLD
November 15, 2011
Mid-streamer. Takes the liquids out of the gas stream and sells it at a price closer to oil. Earnings are kind of at the top of it's cycle. A Hold not a Buy but he likes the name. Yield of 5.6%.
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Mid-streamer. Takes the liquids out of the gas stream and sells it at a price closer to oil. Earnings are kind of at the top of it's cycle. A Hold not a Buy but he likes the name. Yield of 5.6%.
HOLD
HOLD
November 11, 2011
Extreme company that focuses on infrastructure. Have a great development pipeline, which they can potentially expand their services. Confident that they will be able to increase their dividends in the next 12-18 months. Valuations in this sector are getting a little bit stretched.
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Extreme company that focuses on infrastructure. Have a great development pipeline, which they can potentially expand their services. Confident that they will be able to increase their dividends in the next 12-18 months. Valuations in this sector are getting a little bit stretched.
TOP PICK
TOP PICK
November 10, 2011
Has run up less than its competition Keyera (KEY-T), Inter Pipe (IPL.UN-T) and Altagas (ALA-T). In the frac spread area so benefits from that. Is amongst the lowest payout ratios in the group so are equipped to raise their dividend. 100% midstream now.
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Has run up less than its competition Keyera (KEY-T), Inter Pipe (IPL.UN-T) and Altagas (ALA-T). In the frac spread area so benefits from that. Is amongst the lowest payout ratios in the group so are equipped to raise their dividend. 100% midstream now.
TOP PICK
TOP PICK
November 8, 2011
Mid-streamer that processes gas. Cheaper, about 2 multiple points below others. Has a lot more commodity price exposure (frac spreads) than others. Have also been able to grow their revenues outside of the commodity spread with long-term hedging and long-term contracts. Debt is much lower than peers.
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Mid-streamer that processes gas. Cheaper, about 2 multiple points below others. Has a lot more commodity price exposure (frac spreads) than others. Have also been able to grow their revenues outside of the commodity spread with long-term hedging and long-term contracts. Debt is much lower than peers.
BUY
BUY
September 12, 2011
One of those stocks she loves. Bought in last two or three months. Spun off most of oil and gas production and are focusing on mid-stream. Less volatility in cash flow and earnings. They are relatively new in this mode and are relatively unknown. You are going to see multiples going up and that’s why she has been buying it.
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Provident Energy Ltd (PVE-T)
September 12, 2011
One of those stocks she loves. Bought in last two or three months. Spun off most of oil and gas production and are focusing on mid-stream. Less volatility in cash flow and earnings. They are relatively new in this mode and are relatively unknown. You are going to see multiples going up and that’s why she has been buying it.
TOP PICK
TOP PICK
August 2, 2011
Mid stream processor. Extracts natural gas liquids and sells it, essentially near the oil price. Very good business. Pays a good yield.
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Mid stream processor. Extracts natural gas liquids and sells it, essentially near the oil price. Very good business. Pays a good yield.
BUY
BUY
July 18, 2011
Long term potential is very positive. Gas players are going into Alberta and looking for liquid rich gas. This is where PVE comes in and removes the constituent components. Very profitable business.
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Long term potential is very positive. Gas players are going into Alberta and looking for liquid rich gas. This is where PVE comes in and removes the constituent components. Very profitable business.
BUY
BUY
June 6, 2011
Likes it. They strip out liquid streams from natural gas, which is lucrative. Spreads are very wide compared to historical norms. You are into a period of a year or two where gas prices will be weak and oil will be strong
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Likes it. They strip out liquid streams from natural gas, which is lucrative. Spreads are very wide compared to historical norms. You are into a period of a year or two where gas prices will be weak and oil will be strong
TOP PICK
TOP PICK
May 16, 2011
Mid-stream in energy, i.e. they do fracing, extracting liquids from natural gas. Gas prices are very low and oil prices very high so liquids prices are high. Good spread business. Had a soft year when they got hit on some hedges. Looking for $11-$12 over the next year or so.
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Mid-stream in energy, i.e. they do fracing, extracting liquids from natural gas. Gas prices are very low and oil prices very high so liquids prices are high. Good spread business. Had a soft year when they got hit on some hedges. Looking for $11-$12 over the next year or so.
DON'T BUY
DON'T BUY
August 31, 2010
(Market Call Minute) They are a mid stream company right now. Undervalued by no catalyst to the upside.
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(Market Call Minute) They are a mid stream company right now. Undervalued by no catalyst to the upside.
BUY
BUY
March 5, 2010
Likes the name because it has transitioned to a higher multiple. Margins are very large for the foreseeable future. An attractive name.
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Likes the name because it has transitioned to a higher multiple. Margins are very large for the foreseeable future. An attractive name.
SELL
SELL
January 25, 2010
Has had a very good run. If you own, consider a switch to some combination of Crescent Point (CPG-T) and Daylight (DAY.UN-T), otherwise it's a Hold. (See Top Picks.)
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Has had a very good run. If you own, consider a switch to some combination of Crescent Point (CPG-T) and Daylight (DAY.UN-T), otherwise it's a Hold. (See Top Picks.)
COMMENT
COMMENT
December 4, 2009
Prefers owning this through the convertible debenture. A good portion of their business is midstream, where they process fuels, rather than taking it out of the ground. A stable business.
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Prefers owning this through the convertible debenture. A good portion of their business is midstream, where they process fuels, rather than taking it out of the ground. A stable business.
BUY
BUY
November 9, 2009
Real transformative story that is looking more impressive all the time. Initially a collection of “not so great” gas assets in the US with a decent set of midstream businesses where they take the liquids etc. out of the gas and this has turned out to be an absolute home run for them.
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Real transformative story that is looking more impressive all the time. Initially a collection of “not so great” gas assets in the US with a decent set of midstream businesses where they take the liquids etc. out of the gas and this has turned out to be an absolute home run for them.
BUY
BUY
October 13, 2009
A different model than most companies because they have a lot of midstream assets as well as upstream businesses. The upstream business is OK but not that great but the midstream business is very good. There will be a chance of a distribution cut in 2011.
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A different model than most companies because they have a lot of midstream assets as well as upstream businesses. The upstream business is OK but not that great but the midstream business is very good. There will be a chance of a distribution cut in 2011.
COMMENT
COMMENT
September 17, 2009
Oil/gas trust that also have some midstream assets that process natural gas. Have properties in Canada and US. Have been selling properties to reduce their debt levels.
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Provident Energy Ltd (PVE-T)
September 17, 2009
Oil/gas trust that also have some midstream assets that process natural gas. Have properties in Canada and US. Have been selling properties to reduce their debt levels.
HOLD
HOLD
July 24, 2009
Sees this one staying flat for the next year. Undertook a strategic review to decide if they should split the company. Have a midstream component, which has been very profitable. 13.5% yield.
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Sees this one staying flat for the next year. Undertook a strategic review to decide if they should split the company. Have a midstream component, which has been very profitable. 13.5% yield.
BUY
BUY
June 30, 2009
Different then most energy trust because they are a mixture of midstream assets as well as upstream oil and gas. Midstream assets are very, very good but upstream assets are not as good. Midstream trades at a substantial multiple to oil/gas assets so you are almost getting the upstream for free. Very attractive valuation. 12.7% could indicate a cut as they are currently over distributing but feels it is already priced in.
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Different then most energy trust because they are a mixture of midstream assets as well as upstream oil and gas. Midstream assets are very, very good but upstream assets are not as good. Midstream trades at a substantial multiple to oil/gas assets so you are almost getting the upstream for free. Very attractive valuation. 12.7% could indicate a cut as they are currently over distributing but feels it is already priced in.
DON'T BUY
DON'T BUY
February 27, 2009
Unique because they have upstream oil/gas assets combined with more midstream natural gas processing assets. He prefers more pure plays. Had a couple of distribution cuts. Going through a strategic review.
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Unique because they have upstream oil/gas assets combined with more midstream natural gas processing assets. He prefers more pure plays. Had a couple of distribution cuts. Going through a strategic review.
COMMENT
COMMENT
February 6, 2009
(Market Call Minute.) Wouldn't own this, as it is both a producer and midstream. He prefers pure plays.
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(Market Call Minute.) Wouldn't own this, as it is both a producer and midstream. He prefers pure plays.
COMMENT
COMMENT
December 3, 2008
In the middle of the range of trusts. Not extremely great in many way. Has done a pretty good job of cleaning things up. Has a midstream business that is quite good but, unfortunately, the frac spread is way down. Could see a cut in distributions.
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In the middle of the range of trusts. Not extremely great in many way. Has done a pretty good job of cleaning things up. Has a midstream business that is quite good but, unfortunately, the frac spread is way down. Could see a cut in distributions.
HOLD
HOLD
May 9, 2007
Has a number of assets in the midstream area in the US and Alberta. Good management but had a history of overpaying for assets.
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Has a number of assets in the midstream area in the US and Alberta. Good management but had a history of overpaying for assets.
COMMENT
COMMENT
January 22, 2007
Debt levels are too high for him. Also, the decline in production is higher than what he likes. Has a nice midstream asset which is attractive.
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Debt levels are too high for him. Also, the decline in production is higher than what he likes. Has a nice midstream asset which is attractive.
SELL
SELL
November 16, 2006
Did really well in the last quarter because it had a mid-stream business that has done really well. Has lousy Canadian gas properties and so-so US ones. Sell on strength.
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Did really well in the last quarter because it had a mid-stream business that has done really well. Has lousy Canadian gas properties and so-so US ones. Sell on strength.
HOLD
HOLD
July 28, 2006
Holds a small position. Sold most of his position to reinvest in gas trusts. Has a mix of midstream and production assets. Very competent management.
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Holds a small position. Sold most of his position to reinvest in gas trusts. Has a mix of midstream and production assets. Very competent management.
BUY
BUY
July 14, 2006
67% oil. 10% yield with a 71% payout. A combination of oil production and gas refining.
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67% oil. 10% yield with a 71% payout. A combination of oil production and gas refining.
BUY
BUY
March 31, 2006
This is a controversial name. An oil/gas trust with assets in California and Wyoming. They also have some midstream assets which he feels are undervalued by the market.
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This is a controversial name. An oil/gas trust with assets in California and Wyoming. They also have some midstream assets which he feels are undervalued by the market.
HOLD
HOLD
March 22, 2006
Recently made acquisitions extending their reserve life from 9 to 16 years but is facing fairly steep declines. Distributions of about 11%.
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Recently made acquisitions extending their reserve life from 9 to 16 years but is facing fairly steep declines. Distributions of about 11%.
WATCH
WATCH
March 3, 2006
Provident is a different sort of energy trust, they tried to reposition themselves. They started off with high decline, low productivity, and western Canadian properties. They ended up buying some facilities and some US production in California. He could see them breaking apart into their components parts and it would be worth more busted up.
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Provident is a different sort of energy trust, they tried to reposition themselves. They started off with high decline, low productivity, and western Canadian properties. They ended up buying some facilities and some US production in California. He could see them breaking apart into their components parts and it would be worth more busted up.
SELL
SELL
January 25, 2006
Has had strong declines in its production and its ability to produce.
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Has had strong declines in its production and its ability to produce.