Mason Granger
Member since: Sep '09
Portfolio Manager at
Sentry Investments

Latest Top Picks

(A Top Pick July 21/16. Down 23.74%.) This is a product of a split up of D3. A little bit less than 4000 barrels a day. They have a novel gas flood enhanced oil recovery they’ve been trying to get going for several years. A single asset company, very concentrated concept. He sold his holdings.
(A Top Pick July 21/16. Up 30.82%.) Views this as the gold standard in terms of Canadian listed International stocks. An oil producer in Colombia. They have an absolutely stellar track record of creating shareholder value. Basically has no debt. Feels they can cover the cash costs of their production down into the low $30s, and if they run a $50 Brent crude budget, they match their capital expenditures to their cash flow. Should be able to deliver 15%-22% of growth in production.
(A Top Pick July 21/16. Up 22.92%.) See today's Top Picks for comments.
All 3 picks have recently done fairly transformative acquisitions. He wants to own companies that have institutional following and access to capital markets and could do smart acquisitions at the bottom of the cycle. This does about 50,000 barrels a day, 80% weighted towards oil. Recently did an acquisition of some very low decline assets. They also have a little bit of hedging in place. Feels they have one of the most sustainable dividend profiles of the group. Dividend yield of 2.34%. (Analysts’ price target is $13.89.)
All 3 picks have recently done fairly transformative acquisitions. He wants to own companies that have institutional following and access to capital markets and could do smart acquisitions at the bottom of the cycle. A natural gas producer and has a Pouce Coupe asset. His issue historically has been that they have always had too much debt, but they did a $625 million acquisition of a Gordondale asset that is contiguous to their Pouce Coupe asset. The 2 fit together really well. It has the effect of lowering the decline rate, and he thinks has increased the cash flow profile. They also brought down their balance sheet leverage. Has a five-year growth plan in place that is entirely funded by internally generated cash flow. He can see this being in the mid-teens by next year. Dividend yield of 1.04%. (Analysts’ price target is $12.35.)