Provident Energy Ltd

PVE-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about PVE-T

Signal
Opinion
Expert
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.
DON'T BUY
DON'T BUY
December 23, 2005
Has sharp declining oil/gas assets. Reserve life will decrease over time.
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Has sharp declining oil/gas assets. Reserve life will decrease over time.
DON'T BUY
DON'T BUY
October 28, 2005
This is a name he has a hard time figuring out. It was a company that got into the natural gas liquids processing business and it is very hard to value this type of business. Prefers pure plays, so wouldn't be interested in this one.
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This is a name he has a hard time figuring out. It was a company that got into the natural gas liquids processing business and it is very hard to value this type of business. Prefers pure plays, so wouldn't be interested in this one.
DON'T BUY
DON'T BUY
July 27, 2005
One of his least favourite trusts. Fighting a very strong decline in terms of its reserve life. The average of the trusts is 9.5 years and this one is 5.3 years. Fairly heavily indebted. Has had declining revenue and production in the last little while.
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One of his least favourite trusts. Fighting a very strong decline in terms of its reserve life. The average of the trusts is 9.5 years and this one is 5.3 years. Fairly heavily indebted. Has had declining revenue and production in the last little while.
SELL
SELL
March 30, 2005
Have 3 major strikes against them. Lower than average margins. Shorter than average reserve life. Too high a payout ratio.
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Have 3 major strikes against them. Lower than average margins. Shorter than average reserve life. Too high a payout ratio.
DON'T BUY
DON'T BUY
February 15, 2005
A little overvalued as well as experiencing escalating costs, up 30% from the previous year.
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A little overvalued as well as experiencing escalating costs, up 30% from the previous year.
DON'T BUY
DON'T BUY
February 11, 2005
Not as strong a growth profile as they would like to see. Sees a net "decline" in production over the next 12 months. Yield is about 12%, but when you net out the decline in reserves, there is a real return of 5%.
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Not as strong a growth profile as they would like to see. Sees a net "decline" in production over the next 12 months. Yield is about 12%, but when you net out the decline in reserves, there is a real return of 5%.
BUY
BUY
January 14, 2005
Their mid-stream business is very stable and has provided good cash flow. (A plant on a gas pipeline to take out products.) Have purchased some US properties and they are evaluating where this takes the company.
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Their mid-stream business is very stable and has provided good cash flow. (A plant on a gas pipeline to take out products.) Have purchased some US properties and they are evaluating where this takes the company.
SELL
SELL
September 15, 2004
A sector underperform. Current share price is higher than what is warranted by the assets. Very aggressive on the acquisition side and may have some difficulty consolidating them. Cash flow ratio seems a little high.
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Provident Energy Ltd (PVE-T)
September 15, 2004
A sector underperform. Current share price is higher than what is warranted by the assets. Very aggressive on the acquisition side and may have some difficulty consolidating them. Cash flow ratio seems a little high.
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