John Stephenson

It is a very good company which is gas focused and has good production. It hedges a lot. The price of natural gas is weak and likely to remain weak. In a recent deal it will move some of their volume away and link it with the European market in a few years. This provides a big upside.

It is a quality name but he would take TC Energy with a $20 billion backlog, or Pembina, over Enbridge for the long term. Enbridge has been weak so you could buy it as a tactical move. It is a little out of favour.

It is a great company with great assets. It is an overlooked stock so it's a good time to buy. It has heavy exposure to refining which is good. It also has exploration upside so has both the upstream and downstream components covered. He went on to explain that fully integrated companies have three components; Upstream which covers exploration and production, Midstream which is gathering, pipelines, etc., and Downstream which is refining and marketing.

The caller wondered about taking profits in this company. You could take a pause for a gas related stock but WCP is still very strong with a lot of production over a diverse number of regions. He would sell half and take profits, but keep half. He thinks that oil stays at $100 per barrel for the rest of the year.

When asked to compare these four large companies if the price of oil drops, he felt that CNQ is a phenomenal company that's hard to beat. Suncor has been a turnaround story for the past two years. The quarterly reports have been much better. Rich Kruger is moving on to be the Executive Chair. If the price of oil does drop Imperial might be the best defensive play.
Editor's Note; For Cenovus, please refer to his previous answer.

When asked to compare these four large companies if the price of oil drops, he felt that CNQ is a phenomenal company that's hard to beat. Suncor has been a turnaround story for the past two years. The quarterly reports have been much better. Rich Kruger is moving on to be the Executive Chair. If the price of oil does drop Imperial might be the best defensive play.
Editor's Note; For Cenovus, please refer to his previous answer.

When asked to compare these four large companies if the price of oil drops, he felt that CNQ is a phenomenal company that's hard to beat. Suncor has been a turnaround story for the past two years. The quarterly reports have been much better. Rich Kruger is moving on to be the Executive Chair. If the price of oil does drop Imperial might be the best defensive play.
Editor's Note; For Cenovus, please refer to his previous answer.

It is in the US and Canada but is a US company. It is a very good name which beat on cash flow and production in the last quarter. He considers it a hold or a buy.

It is involved in the production of helium and is bringing on new wells. It is an exciting story with a good management team.

Diesel prices are way up in the US and Suncor is benefiting from refinery operations. The new CEO is a long term veteran of the exploration arm of the company and Rich Kruger is staying there as executive Chairman. This gives good continuity.

They have posted some very good results and the assets are really performing. Still has a lot of upside.

One of the largest companies in the Montney area and the economics are very attractive there. It is both oil and gas but primarily oil. Has strong production numbers and is highly profitable. It seems destined to be taken out, either a part of it or all of it. Has very good insider holdings at 18% of which the CEO owns 14%. It is an acquisitive company with a $2 billion market cap. Still good to hold or buy.

It is 69% oil and is poised for good production with enhanced technologies. It sold its Wilson Creek assets and brought down its debt. Now with a better balance sheet it has one of the best debt/cash flow metrics of its peers. Good management and still a buy

It focused more on being a dividend stock and less on exploration so its reserves are declining. It is now again focused on exploration but this is a big wheel to turn for such a big company. It will need a new shareholder base for this. The street feels it is a buy but he would look for a smaller producer with more torque.