Top Independents Operators Oil Stocks to Buy in 2019

He owns CNQ-T instead. It has been a very difficult period for all oil companies. You are seeing bigger and bigger acquisitions happening in the sector. They have done well in buying up businesses that will do well within their company. Their oil sands productions are near normal global emission standards. There is a perception…

The Painted Pony transaction is immaterial in the grand scheme of things for CNQ. CNQ is a well-run company. It could probably double from here with their cashflow break even being at $27 for maintenance cap-ex. A very well-run and cheap large cap. He just prefers small cap.

An oil producer in Colombia. They have shut-in volumes and are not spending money, but rather are paying down debt. Expect a production cut in the next two quarter and only rising in Q4. Buy this below 40 cents.

There is debt load and the primary asset is not operated in Eagleford. The differentials have also shrank to 9$ today. The debt hurts them and the market does not believe in $50 oil. He would prefer MEG.

They got out of upstream operations and has struggled since then. He's not bullish about energy, and HSE will struggle. But HSE will rise nicely when oil prices rise. Not his favourite oil stock or sector.

Bullish on gas for the first time in years. Outlook for gas is very strong. An easy way to play growing demand. You have scale, good balance sheet, dividend payments. Valuation is good. 15% free cashflow at $50 oil. 90% upside is possible. (Analysts’ price target is $22.52)

It would not be a name he would own. The number of market participants are very small. There is a certain market-cap threshold for market relevance. There is a pressure for MnA. It has higher cost, medium heavy oil company. They suspended dividends.

(A Top Pick Oct 18/19, Down 64%) He recommended this long before Covid. Still owns it. The oil industry has been decimated and hard to get excited over.

(A Top Pick Aug 27/20, Down 12%)Stockchase Research Editor: Michael O'Reilly We are choosing to remain disciplined and stick to our stop-loss at $35 and look for better alternatives. Now that key technical support has been breached it could try to retest lows near $25.

Oil price advances is going to help the advances of oil stocks. Chinese economy is likely to grow at an 8/8.5% for the next decade on a compound basis. Good opportunities.

The best valuation opportunities are in Canada, he thinks. He would sell WPX for the tax loss and buy Parsley instead, who has better exposure to Canada.

(Top Pick Oct 17/16, Down 23%) He used a stop loss. The tidal theme went out and he exited. After a difficult year he got stopped out. He was X-energy until about a month ago.

The unique thing is their cost profile -- it is very low compared to peers. The trouble for CVE is getting their production out of Canada. That is why he favours pipelines over producers. There is too much commodity price risk, so he would not be a buyer. You might want to consider EOG instead…

This all depends on what oil prices are going to do. $50 oil kind of keeps them going, but the costs are much higher than they are getting at the end of the day.

(A Top Pick Aug 11/20, Down 9.3%)Stochchase Research Editor: Michael O'Reilly We have recommended to stop out of EPD as it has violated the $16.50 threshold we recommended. We see technical indications that the stock could retrace to $12. We will look for better opportunities elsewhere.

(A Top Pick April 2/14. Down 18.73%.) His job it is to watch for change and as he sees change, be able to reposition portfolios as required. Last summer, the US$ started to blast off, which happened at the same time that energy prices started to roll over. He got stopped out of virtually all…

Very bullish outlook on gas and this will give you great exposure to gas. Well run and a tremendous track record in production growth and reserve growth. Both shale gas and conventional gas exposure. Potential take-out candidate.

(A Top Pick April 18/16. Down 8.31%.) He sold this and got about 5.5% from it.

This is not a bad name. He sees risk on the asset disposition. The list of buyers for Canadian oil sand properties is not that extensive. If you want US exposure he would go elsewhere.

Energy company - oil and gas producer. He is looking for companies that are good quality, selling off and with volume picking up as it turns, which this is. He is already making money on it. Stop is $47.

This was the poster child for the US growth machine. But now they are in one of the worst places. Cut cap X program and will likely have to cut it again. Prefers Canadian oil stocks. Thinks there will still be revisions to CLR-N’s cash flow.

(Top Pick March 10/14, Down 14.12%) They are a lower cost operator. He sold this a couple of months after recommending it. Their challenge has been that their industry has been wildly successful in getting production growth and now there is a severe shortage of pipelines in the region so the price they sell for…

A name in transition. Used to be viewed as a leveraged way to play oil because they had financial leverage and were in the US Bakken play, which is still exceptional economics in a lot of their acreage. In the fall, they did a massively diluted share offering to purchase acreage in the Permian, paying…

Probably a name he would hold or avoid, simply because it is so highly levered. A good company. It has some good assets. If you see a sustained bull market in energy, this could be fairly attractive. However he doesn’t think we are going to have a bull market in energy right now, so this…

A tertiary play in that they do oil recovery after-the-fact for oilfields. Primarily oil driven.

Tremendously high profile in the US and has held up relatively better than our Canadian oil stocks. Good properties and good reserve life. Good price. Really a question of what you think is going to happen on commodity prices.