Opinions by Josef Schachter | StockChase
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Josef Schachter

President

ON STOCKCHASE SINCE Aug 2003

Schachter Asset Management


Opinions by Josef Schachter


Signal Opinion Expert Chart
N/A
General Market Comment 

February 12, 2018

Market.  In January he was looking for weakness and was expecting oil to get hurt.  Last week we had a blow out number.  Natural Gas liquids also went up.  It was a shocking number.  The price of crude backed off on Friday.  He is bearish on oil and bullish on natural gas.  People don’t realize that most people heat with natural gas.  People are not taking into account storage.  Mother nature has the ability to eat into storage.  It has had a bigger draw down than in prior years.  February and March may have a big draw down in storage.  Then the play is whether they can rebuild storage during the summer with the air conditioning season.  He is predicting $4 for Nat Gas.

Market.  In January he was looking for weakness and was expecting oil to get hurt.  Last week we had a blow out number.  Natural Gas liquids also went up.  It was a shocking number.  The price of crude backed off on Friday.  He is bearish on oil and bullish on natural gas.  People don’t realize that most people heat with natural gas.  People are not taking into account storage.  Mother nature has the ability to eat into storage.  It has had a bigger draw down than in prior years.  February and March may have a big draw down in storage.  Then the play is whether they can rebuild storage during the summer with the air conditioning season.  He is predicting $4 for Nat Gas.

Unknown
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.020
Owned Owned
_N/A

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WATCH
Arc Resources Ltd(ARX-T) 

February 12, 2018

They continue to grow their production.  29% liquids.  The balance sheet is in good shape. 

oil/gas

They continue to grow their production.  29% liquids.  The balance sheet is in good shape. 

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$12.890
Owned Owned
Unknown

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WEAK BUY
Blackbird Energy Inc(BBI-X) 

February 12, 2018

He likes the company.  They are a liquids rich company.  He hopes to go through it to get it on his action buy list.

Energy

He likes the company.  They are a liquids rich company.  He hopes to go through it to get it on his action buy list.

Energy
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.310
Owned Owned
No

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TOP PICK
Birchcliff Energy Ltd.(BIR-T) 

February 12, 2018

70 -80% Natural Gas.  They have a good hedge book and balance sheet.  Trades at half book when traditionally these companies are 1.5 - 2 times book.  (Analysts’ target: $6.35).

oil/gas

70 -80% Natural Gas.  They have a good hedge book and balance sheet.  Trades at half book when traditionally these companies are 1.5 - 2 times book.  (Analysts’ target: $6.35).

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$3.300
Owned Owned
Yes

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TOP PICK

A natural gas producer at 75% of its production.  $15.93 is the book value.  A potential 10 bagger in the next cycle.  (Analysts’ target: $2.23).

oil/gas

A natural gas producer at 75% of its production.  $15.93 is the book value.  A potential 10 bagger in the next cycle.  (Analysts’ target: $2.23).

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$1.500
Owned Owned
Yes

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BUY on WEAKNESS

They have a very good hedge book.  It is trading about half of book value.  It has been hit by disappointment on their numbers.  They did a large number of stock issues.  Under $8 it looks attractive.

oil/gas

They have a very good hedge book.  It is trading about half of book value.  It has been hit by disappointment on their numbers.  They did a large number of stock issues.  Under $8 it looks attractive.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$8.990
Owned Owned
Unknown

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BUY
Crew Energy Inc.(CR-T) 

February 12, 2018

He likes it.  It is on his action alert buy list.  It has been beaten up.  Debt is not a problem.  Book value is $5.80.  It is a yoyo stock.  He thinks it has lots of upside.  They will be able to show much better cash flow in the second half of 2018.

oil/gas

He likes it.  It is on his action alert buy list.  It has been beaten up.  Debt is not a problem.  Book value is $5.80.  It is a yoyo stock.  He thinks it has lots of upside.  They will be able to show much better cash flow in the second half of 2018.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$1.920
Owned Owned
Unknown

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WATCH
Encana Corp(ECA-T) 

February 12, 2018

It has been focusing on selling off non-core assets.  Core assets grew by 30%.  They are planning to grow production by 18-35%.  They were mostly a natural gas player and now have moved liquids percentages up.  Splitting it up was a big mistake.  There may be some more downside and then it will go up.  He thinks there is an energy bull market coming.

oil/gas

It has been focusing on selling off non-core assets.  Core assets grew by 30%.  They are planning to grow production by 18-35%.  They were mostly a natural gas player and now have moved liquids percentages up.  Splitting it up was a big mistake.  There may be some more downside and then it will go up.  He thinks there is an energy bull market coming.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$13.670
Owned Owned
Unknown

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PAST TOP PICK
Gran Tierra Energy Inc.(GTE-T) 

February 12, 2018

(A Top Pick Jan 9/17, Down 15.87%)  Columbia.  They did well on drilling.  These stocks are very cheap.  He may move it onto his action alert buy list any time.

oil/gas

(A Top Pick Jan 9/17, Down 15.87%)  Columbia.  They did well on drilling.  These stocks are very cheap.  He may move it onto his action alert buy list any time.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$3.240
Owned Owned
No

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BUY
InPlay Oil Corp(IPO-T) 

February 12, 2018

He likes it.  72% is oil and liquids.  They have a nice land spread and they have land value appreciation already.  They know what they are doing.

Energy

He likes it.  72% is oil and liquids.  They have a nice land spread and they have land value appreciation already.  They know what they are doing.

Energy
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$1.640
Owned Owned
Unknown

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DON'T BUY
Precision Drilling(PD-T) 

February 12, 2018

It is on his coverage list.  His problem is the balance sheet.  It is trading significantly below book value.  The debt is too high.

oil/gas field services

It is on his coverage list.  His problem is the balance sheet.  It is trading significantly below book value.  The debt is too high.

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$4.180
Owned Owned
No

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DON'T BUY

It had to do some tough things a couple of weeks ago.  They cut the dividend and the cap-X program also.  Book value was $10.12 at the end of Q3.  It could go down given problems in the sector.

oil/gas

It had to do some tough things a couple of weeks ago.  They cut the dividend and the cap-X program also.  Book value was $10.12 at the end of Q3.  It could go down given problems in the sector.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$10.570
Owned Owned
Unknown

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PAST TOP PICK
Pengrowth Energy(PGF-T) 

February 12, 2018

(A Top Pick Jan 9/17, Down 53.22%)  He still has not pulled the trigger on it.  Under $0.75 it makes more sense.  They repaired their balance sheet.  They sold their non-core assets.  He thinks we will see weakness into Q2’2018.  He likes the management team.

oil/gas

(A Top Pick Jan 9/17, Down 53.22%)  He still has not pulled the trigger on it.  Under $0.75 it makes more sense.  They repaired their balance sheet.  They sold their non-core assets.  He thinks we will see weakness into Q2’2018.  He likes the management team.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.900
Owned Owned
No

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PAST TOP PICK
Sea Dragon Energy Inc.(SDX-X) 

February 12, 2018

(A Top Pick Jan 9/17, 21.42%)  In Morocco they are getting $12 US.  See Top Picks.

oil/gas

(A Top Pick Jan 9/17, 21.42%)  In Morocco they are getting $12 US.  See Top Picks.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.960
Owned Owned
Yes

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TOP PICK
Sea Dragon Energy Inc.(SDX-X) 

February 12, 2018

They will double production by end of year.  No debt.  Trading at 2.5 times cash flow.  (Analysts’ target: $1.04).

oil/gas

They will double production by end of year.  No debt.  Trading at 2.5 times cash flow.  (Analysts’ target: $1.04).

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.960
Owned Owned
Yes

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