Opinions by Craig Porter | StockChase
154
Craig Porter

Senior Portfolio Manager

ON STOCKCHASE SINCE Dec 2002

LOGiQ Asset Management

154
Craig Porter

Senior Portfolio Manager

ON STOCKCHASE SINCE Dec 2002

LOGiQ Asset Management


Opinions by Craig Porter


Signal Opinion Expert Chart
N/A
General Market Comment 

April 25, 2017

Energy. Oil is now below $50, but there is a chance for it to get back up to $55. The world is fairly well balanced in supply/demand. OPEC seems to be sticking to their cuts and Russia has joined in. The big fear is that the US supply has been growing. Through new technology, the US has been able to get costs down and production is starting to increase. Feels we are in a $45-$60 trading range for the year. We have gone through 2 winters that have been much warmer than normal, and natural gas inventories have started to build up. The good news is that there has been a lot of industrial demand coming for natural gas in North America. LNG has started to pick up in the US. A lot of chemical industries are now using natural gas. Demand has kept pace with the supply.

Energy. Oil is now below $50, but there is a chance for it to get back up to $55. The world is fairly well balanced in supply/demand. OPEC seems to be sticking to their cuts and Russia has joined in. The big fear is that the US supply has been growing. Through new technology, the US has been able to get costs down and production is starting to increase. Feels we are in a $45-$60 trading range for the year. We have gone through 2 winters that have been much warmer than normal, and natural gas inventories have started to build up. The good news is that there has been a lot of industrial demand coming for natural gas in North America. LNG has started to pick up in the US. A lot of chemical industries are now using natural gas. Demand has kept pace with the supply.

Unknown
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
COMMENT
Cardinal Energy Ltd(CJ-T) 

April 25, 2017

They are planning on spending $100 million in CapX this year. Management is doing a great job. Has a great yield. It’s been really frustrating because there is not a lot of growth in the short term. They have really low decline wells, meaning production doesn’t fall off as quick in some of their mines.

oil/gas

They are planning on spending $100 million in CapX this year. Management is doing a great job. Has a great yield. It’s been really frustrating because there is not a lot of growth in the short term. They have really low decline wells, meaning production doesn’t fall off as quick in some of their mines.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$6.750
Owned Owned
Yes

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TOP PICK

Buying a lot more oil sand assets from Shell for $13 billion, and they know the stuff. They built up a lot of projects from the last cycle and cash flow is starting to come this year and next. Dividend yield of 2.4%. (Analysts’ price target is $53.)

oil/gas

Buying a lot more oil sand assets from Shell for $13 billion, and they know the stuff. They built up a lot of projects from the last cycle and cash flow is starting to come this year and next. Dividend yield of 2.4%. (Analysts’ price target is $53.)

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$45.330
Owned Owned
Yes

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COMMENT

Mainly a copper producer with some great assets in north and south America and they are building new mines. He likes copper and where it is going. There have been a number of projects globally where there have been strikes or problems with many companies, so supply has been sort of tempered throughout the year. Global growth is slowly kicking back in, and copper is one of the 1st ones that really moves with the economy.

precious metals

Mainly a copper producer with some great assets in north and south America and they are building new mines. He likes copper and where it is going. There have been a number of projects globally where there have been strikes or problems with many companies, so supply has been sort of tempered throughout the year. Global growth is slowly kicking back in, and copper is one of the 1st ones that really moves with the economy.

precious metals
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$8.120
Owned Owned
Unknown

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TOP PICK
Nevsun Resources(NSU-T) 

April 25, 2017

They had a mine in Eritrea, which was first gold, then copper, and now a very rich zinc zone. They are currently having some trouble separating the copper and zinc. However, the big asset they bought was Reservoir Minerals with a big high grade copper/gold deposit in Serbia. They slashed their dividend down to 1.61% to redirect proceeds into the next project, which a lot of investors didn’t like. The mine is going to be very profitable. (Analysts’ price target is $5.13.)

precious metals

They had a mine in Eritrea, which was first gold, then copper, and now a very rich zinc zone. They are currently having some trouble separating the copper and zinc. However, the big asset they bought was Reservoir Minerals with a big high grade copper/gold deposit in Serbia. They slashed their dividend down to 1.61% to redirect proceeds into the next project, which a lot of investors didn’t like. The mine is going to be very profitable. (Analysts’ price target is $5.13.)

precious metals
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$3.200
Owned Owned
Yes

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COMMENT
Precision Drilling(PD-T) 

April 25, 2017

Just announced earnings, which were a little light, but nothing to be concerned about. Canadian exploration companies are just starting to ramp up exploration budgets, and this company will benefit. On a valuation basis, it is a little ahead of some of its smaller competitors. A lot of the service companies should do well as companies start to ramp up their budgets, and this company is a natural beneficiary. Good assets.

oil/gas field services

Just announced earnings, which were a little light, but nothing to be concerned about. Canadian exploration companies are just starting to ramp up exploration budgets, and this company will benefit. On a valuation basis, it is a little ahead of some of its smaller competitors. A lot of the service companies should do well as companies start to ramp up their budgets, and this company is a natural beneficiary. Good assets.

oil/gas field services
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$5.540
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK

(A Top Pick Feb 10/17. Down 12.18%.) They were thinking of selling themselves, but that didn’t work out. They have great assets, and this is one of the better management teams in finding and developing assets at a low cost.

Oil and Gas (Integrated Oils)

(A Top Pick Feb 10/17. Down 12.18%.) They were thinking of selling themselves, but that didn’t work out. They have great assets, and this is one of the better management teams in finding and developing assets at a low cost.

Oil and Gas (Integrated Oils)
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$8.200
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK

(A Top Pick Feb 10/17. Down 18.88%.) A lot of the smaller intermediate names have suffered. This is a good little company. They did a large equity issue at the end of last year to buy some assets. It is going to take some time to see the results. Great management.

oil/gas

(A Top Pick Feb 10/17. Down 18.88%.) A lot of the smaller intermediate names have suffered. This is a good little company. They did a large equity issue at the end of last year to buy some assets. It is going to take some time to see the results. Great management.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$2.330
Owned Owned
Yes

Must be logged in to use chart
COMMENT

Just reported and earnings were disappointing. Both zinc and copper were late on production. He likes the company. Longer-term goal, coal prices are still doing well. With higher commodity prices, they’ve been paying down debt quite significantly. A good stock to own if looking for a diversified resource exposure.

precious metals

Just reported and earnings were disappointing. Both zinc and copper were late on production. He likes the company. Longer-term goal, coal prices are still doing well. With higher commodity prices, they’ve been paying down debt quite significantly. A good stock to own if looking for a diversified resource exposure.

precious metals
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$28.840
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
Whitecap Resources(WCP-T) 

April 25, 2017

(A Top Pick Feb 10/17. Down 10.99%.) Loves the management team. Saskatchewan/Alberta with light oil. This is a dividend paying model where they can grow production 7%-10% a year. Pays about a 3% dividend, but all from the confines of cash flow. They are not taking on more debt to build the company. As the price of oil goes up, they’ll either do more acquisitions or they’ll raise the dividend again. Dividend yield of around 3%.

Oil and Gas (Integrated Oils)

(A Top Pick Feb 10/17. Down 10.99%.) Loves the management team. Saskatchewan/Alberta with light oil. This is a dividend paying model where they can grow production 7%-10% a year. Pays about a 3% dividend, but all from the confines of cash flow. They are not taking on more debt to build the company. As the price of oil goes up, they’ll either do more acquisitions or they’ll raise the dividend again. Dividend yield of around 3%.

Oil and Gas (Integrated Oils)
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$9.720
Owned Owned
Yes

Must be logged in to use chart
TOP PICK
Whitecap Resources(WCP-T) 

April 25, 2017

Great assets and great management. A core holding in a dividend paying portfolio. A low-cost producer of light oil in Saskatchewan and Alberta. They aim to grow production 7%-10% per year. 2.9% dividend yield.

Oil and Gas (Integrated Oils)

Great assets and great management. A core holding in a dividend paying portfolio. A low-cost producer of light oil in Saskatchewan and Alberta. They aim to grow production 7%-10% per year. 2.9% dividend yield.

Oil and Gas (Integrated Oils)
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$9.720
Owned Owned
Yes

Must be logged in to use chart
N/A
General Market Comment 

February 10, 2017

Energy. OPEC is following through on its cuts for a 6-month period, but that has always been a murky issue. He thinks they are really going to try to do it this time. Looking at the world supply/demand balance, we are getting fairly close to being in balance right now. We have had growth in China and the US. Oil consumption is going up, and you are seeing that in agencies like the IEA, which are actually backdating some of their demand.

Energy. OPEC is following through on its cuts for a 6-month period, but that has always been a murky issue. He thinks they are really going to try to do it this time. Looking at the world supply/demand balance, we are getting fairly close to being in balance right now. We have had growth in China and the US. Oil consumption is going up, and you are seeing that in agencies like the IEA, which are actually backdating some of their demand.

Unknown
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
N/A
General Market Comment 

February 10, 2017

Metals. Copper had some supply issues because of a possible strike in Chile as well as with some troubles with the Indonesian government that is renegotiating a contract. China just had some good import/export data numbers that were very strong for all materials.

Metals. Copper had some supply issues because of a possible strike in Chile as well as with some troubles with the Indonesian government that is renegotiating a contract. China just had some good import/export data numbers that were very strong for all materials.

Unknown
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
N/A
General Market Comment 

February 10, 2017

Gold. Thinks there is going to be enough noise throughout the year, which will keep gold elevated and investors interested. There are numerous elections in Europe, which could possibly sway things. As well, there are always middle east concerns.

Gold. Thinks there is going to be enough noise throughout the year, which will keep gold elevated and investors interested. There are numerous elections in Europe, which could possibly sway things. As well, there are always middle east concerns.

Unknown
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
BUY

About 10 years ago, they had a number of oil sand leases they sold off to Japanese partners. As they developed those, they collected the money and bought other assets and started drilling them. Recently bought a big oil sands operating project off of Statoil (STO-N). A good asset at a bargain price. The stock is fairly cheap. You could buy this one here and just hold onto it.

oil/gas

About 10 years ago, they had a number of oil sand leases they sold off to Japanese partners. As they developed those, they collected the money and bought other assets and started drilling them. Recently bought a big oil sands operating project off of Statoil (STO-N). A good asset at a bargain price. The stock is fairly cheap. You could buy this one here and just hold onto it.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$1.800
Owned Owned
Yes

Must be logged in to use chart
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