Opinions by Swanzy Quarshie | StockChase
204
Swanzy Quarshie

Portfolio Manager

ON STOCKCHASE SINCE Feb 2015

Sentry Investments

204
Swanzy Quarshie

Portfolio Manager

ON STOCKCHASE SINCE Feb 2015

Sentry Investments


Opinions by Swanzy Quarshie


Signal Opinion Expert Chart
N/A
General Market Comment 

March 28, 2017

Markets. There is a lot of negative sentiment in oil.  The lack of visibility of what OPEC has done and how it has fed into inventories is what is causing nervousness out there.  She is confident that OPEC’s actions will work.  With production increasing in the US, it is being balanced by cuts that OPEC has made.  We won’t get a lot of growth in oil in the US next year if the price does not increase.  She looks for companies that have the best growth and the best plays.  There is a valuation gap between the US and Canada that makes Canada much more attractive.  A border tax into the US will increase the price of oil in the US and thereby encourage production growth there.

Markets. There is a lot of negative sentiment in oil.  The lack of visibility of what OPEC has done and how it has fed into inventories is what is causing nervousness out there.  She is confident that OPEC’s actions will work.  With production increasing in the US, it is being balanced by cuts that OPEC has made.  We won’t get a lot of growth in oil in the US next year if the price does not increase.  She looks for companies that have the best growth and the best plays.  There is a valuation gap between the US and Canada that makes Canada much more attractive.  A border tax into the US will increase the price of oil in the US and thereby encourage production growth there.

Unknown
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$0.020
Owned Owned
_N/A

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TOP PICK

It is a gas company.  She thinks Gas is bottoming, even if she is not bullish on it.  This is one of the best ways to get gas exposure.  They have a well laid out plan.  They have take-away capacity.  She can see growth for the next 3 years.  (Analysts’ target: $11.50).

oil/gas

It is a gas company.  She thinks Gas is bottoming, even if she is not bullish on it.  This is one of the best ways to get gas exposure.  They have a well laid out plan.  They have take-away capacity.  She can see growth for the next 3 years.  (Analysts’ target: $11.50).

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$8.640
Owned Owned
Yes

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BUY

They have been acquiring assets.  They are surrounded by the big boys.  They do a lot of their own drilling.  They have cash on the balance sheet from an equity raise they did to do some drilling.  She thinks it will likely be taken out. 

Energy

They have been acquiring assets.  They are surrounded by the big boys.  They do a lot of their own drilling.  They have cash on the balance sheet from an equity raise they did to do some drilling.  She thinks it will likely be taken out. 

Energy
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$0.500
Owned Owned
Unknown

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HOLD
Baytex Energy Corp(BTE-T) 

March 28, 2017

It has a bit too much debt.  This has been one of the victims of the oil price turn as they had too much debt at the top.  She likes management.  They have a lot of torque to higher oil prices.  Heavy oil is a better asset in Canada. 

oil/gas

It has a bit too much debt.  This has been one of the victims of the oil price turn as they had too much debt at the top.  She likes management.  They have a lot of torque to higher oil prices.  Heavy oil is a better asset in Canada. 

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$4.470
Owned Owned
Yes

Must be logged in to use chart
SELL

In the past it had some good attributes.  Then their decline rates got way too high.  They spent a lot of money on infrastructure and now are forced to sell some of it because debt has gotten too high.  There are so many other names you can buy.

oil/gas

In the past it had some good attributes.  Then their decline rates got way too high.  They spent a lot of money on infrastructure and now are forced to sell some of it because debt has gotten too high.  There are so many other names you can buy.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$1.030
Owned Owned
No

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

March 28, 2017

At current oil levels the dividend is safe. Their operating costs are about $20/barrel.  With operating costs this high the impact is higher than with other players.  She believes we are seeing a bottoming in oil prices and that there is a good fundamental picture, so thinks this company makes sense right now.

oil/gas

At current oil levels the dividend is safe. Their operating costs are about $20/barrel.  With operating costs this high the impact is higher than with other players.  She believes we are seeing a bottoming in oil prices and that there is a good fundamental picture, so thinks this company makes sense right now.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$7.300
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK

(Top Pick Feb 10/16, Up 11%) It had a great start.  Unfortunately they chose to raise some equity and the stock went down.  She still likes it a lot.  It is a core name.  She sees very good wealth creation ability.  They have good netbacks.  They have a good balance sheet.  They are now seeing results from water flood in 6 months, down from a year.  This is a game changer.  She still sees a lot of upside in it.

oil/gas

(Top Pick Feb 10/16, Up 11%) It had a great start.  Unfortunately they chose to raise some equity and the stock went down.  She still likes it a lot.  It is a core name.  She sees very good wealth creation ability.  They have good netbacks.  They have a good balance sheet.  They are now seeing results from water flood in 6 months, down from a year.  This is a game changer.  She still sees a lot of upside in it.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$14.820
Owned Owned
Yes

Must be logged in to use chart
BUY
Cenovus Energy(CVE-T) 

March 28, 2017

A good company to be invested in at this time.  She likes the prospects in the $60 plus range.  They have a lot of torque to the upside.  They may do something with their cash on hand and that could be a catalyst.  They have a pretty solid balance sheet. 

oil/gas

A good company to be invested in at this time.  She likes the prospects in the $60 plus range.  They have a lot of torque to the upside.  They may do something with their cash on hand and that could be a catalyst.  They have a pretty solid balance sheet. 

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$17.360
Owned Owned
Unknown

Must be logged in to use chart
DON'T BUY
Encana Corp(ECA-T) 

March 28, 2017

It is one that will probably continue to go up in a rising oil price environment.  It still has to grow into itself.  It is still outspending cash flow.  She likes other opportunities right now.  The Americans think this one is cheap, but compared to other Canadian companies it is not.

oil/gas

It is one that will probably continue to go up in a rising oil price environment.  It still has to grow into itself.  It is still outspending cash flow.  She likes other opportunities right now.  The Americans think this one is cheap, but compared to other Canadian companies it is not.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$14.900
Owned Owned
Unknown

Must be logged in to use chart
BUY
Freehold Royalties(FRU-T) 

March 28, 2017

A royalty trust with excellent downside protection.  Their production fell, but their balance sheet was very sound.  She sees a lot of opportunity here.  They recently had a dividend increase.  It has lots of potential for upside.

oil/gas

A royalty trust with excellent downside protection.  Their production fell, but their balance sheet was very sound.  She sees a lot of opportunity here.  They recently had a dividend increase.  It has lots of potential for upside.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$13.350
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK
Gibson Energy(GEI-T) 

March 28, 2017

(Top Pick Feb 10/16, Up 41%) She likes it because of the way it is changing and evolving.  It is leaning more toward the infrastructure business.  This is a very stable type business.  She sees upside when oil prices come back.

pipelines

(Top Pick Feb 10/16, Up 41%) She likes it because of the way it is changing and evolving.  It is leaning more toward the infrastructure business.  This is a very stable type business.  She sees upside when oil prices come back.

pipelines
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$19.450
Owned Owned
Yes

Must be logged in to use chart
HOLD
Husky Energy(HSE-T) 

March 28, 2017

She prefers other names in the integrated space.  But it is probably a good trade right now.  It is likely they will re-instate their dividend once we see the stabilization in oil prices.

oil/gas

She prefers other names in the integrated space.  But it is probably a good trade right now.  It is likely they will re-instate their dividend once we see the stabilization in oil prices.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$15.580
Owned Owned
Unknown

Must be logged in to use chart
BUY

She does not tend to look at PE ratios in oil services companies.  They have assets in New Guinea and Canada.  They are looking at an LNG project.  There may be some downside risk on contract negotiations.  It is generally a well run business.

oil/gas

She does not tend to look at PE ratios in oil services companies.  They have assets in New Guinea and Canada.  They are looking at an LNG project.  There may be some downside risk on contract negotiations.  It is generally a well run business.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$5.090
Owned Owned
Unknown

Must be logged in to use chart
HOLD
Obsidian Energy(OBE-T) 

March 28, 2017

She does not see a takeover happening.  It is an interesting company, having gone through quite a transformation, selling a lot of assets, and changing management team.  Analysts are impressed with this new team.  She believes they will cut costs and focus them in their core area.  She sees funded growth for this company.

oil/gas

She does not see a takeover happening.  It is an interesting company, having gone through quite a transformation, selling a lot of assets, and changing management team.  Analysts are impressed with this new team.  She believes they will cut costs and focus them in their core area.  She sees funded growth for this company.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$2.190
Owned Owned
Unknown

Must be logged in to use chart
DON'T BUY
Pengrowth Energy(PGF-T) 

March 28, 2017

With as much debt as they have they are not viable if the price of oil goes down.  They have a big problem in terms of their balance sheet.  Don’t make it a core holding, but you could buy a small position if you wanted to.

oil/gas

With as much debt as they have they are not viable if the price of oil goes down.  They have a big problem in terms of their balance sheet.  Don’t make it a core holding, but you could buy a small position if you wanted to.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$1.380
Owned Owned
Unknown

Must be logged in to use chart
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