Opinions by Josef Schachter | StockChase
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Josef Schachter

President

ON STOCKCHASE SINCE Aug 2003

Schachter Asset Management


Opinions by Josef Schachter



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Signal Opinion Expert Chart

2017-11-09

N/A
A Comment -- General Comments From an Expert 

Market.  Some energy names may fall victim to tax loss selling.  This year the big caps were up on the year but the average is down about 9%.  CPG-T, for example went down greatly in 2014 due to tax loss selling.  This year the WTI is over $57 and the index is down about 9%.  The companies that are down are more into gas.  Service stocks are down 47%.  These stocks are all going to face tax loss selling.  He suggests for tax loss selling, roll over into a different company.

Josef Schachter

President, Schachter Asset Management

Price: $0.020
Owned: _N/A

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2017-11-09

STRONG BUY
Birchcliff Energy Ltd. (BIR-T)

It is cheap right now but could go down more during tax loss selling, below $5 again.  He likes the company.  This is a table pounding buy if it gets back down there again during tax loss selling.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $5.660
Owned: Unknown

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2017-11-09

BUY
Bonavista Energy Corp (BNP-T)

BNP-T is a much bigger company.  CQE-T is a smaller company and has a different risk profile.  He prefers BNP-T.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $2.900
Owned: Unknown

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2017-11-09

DON'T BUY
Baytex Energy Corp (BTE-T)

It will be hit by tax loss selling.  Be careful.  There are also balance sheet concerns.  Their operations may not throw off much cash flow.  This is a high beta stock. 

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $4.200
Owned: Unknown

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2017-11-09

TOP PICK
Bellatrix Exploration Ltd. (BXE-T)

They put out results this morning.  They do 25% liquids.  They are trading significantly below book value.  This is a great story.  It would be tremendous to get it at the $3 level.  (Analysts’ target: $4.10).

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $3.250
Owned: No

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2017-11-09

WAIT
Canadian Natural Rsrcs (CNQ-T)

CNQ-T vs. SU-T.  Both are up for the year because the profits are in refining.  They will both generate significant cash flow.  They could buy back shares or make an acquisition.  Both are good for the long term but there could be weakness during tax loss selling.  SU-T gives you refining stability and CNQ-T gives you oil sands growth.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $46.190
Owned: Unknown

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2017-11-09

WATCH
Crescent Point Energy Corp (CPG-T)

It is trading below book value and was at a premium in the past.  There has been no growth in numbers recently.  The market wants to see a growth story.  He is watching it and may launch coverage.  After this tax loss selling if it backs off to $8 then it could be an attractive buy.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $11.080
Owned: Unknown

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2017-11-09

DON'T BUY
Cequence Energy Ltd. (CQE-T)

BNP-T is a much bigger company.  CQE-T is a smaller company and has a different risk profile.  He prefers BNP-T.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $0.125
Owned: Unknown

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2017-11-09

WATCH
Cenovus Energy (CVE-T)

They are in the process of selling assets.  It is down for the year and bounced on results plus a new CEO coming on.  It is definitely a tax loss candidate.  He would be careful here.  For the long term, they have a strong platform, however. 

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $14.440
Owned: Unknown

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2017-11-09

BUY on WEAKNESS
Delphi Energy Corp. (DEE-T)

You are going to see the big bounce in production in 2018.  The problem is the balance sheet: debt issues.  They are about 40% oil and liquids and 60% gas.  If it backs off it would be a good buy.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $1.270
Owned: Unknown

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2017-11-09

BUY
Essential Energy Services Ltd. (ESN-T)

Their results this week were very good.  A law suit against them was resolved in their favour.  He thinks it will go up a lot and covers it.  He thinks in 3-5 years it will get to $5.00.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $0.770
Owned: Unknown

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2017-11-09

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

(A Past Top Pick Jan 9/17, Down 25%)  The pace of development is picking up.  If you see it below $2.50 on tax loss selling it would be a tremendous buy.  There is a lot of upside in Columbia.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $2.840
Owned: No

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2017-11-09

WATCH
Husky Energy (HSE-T)

There is not much growth in the story and the stock had really come down.  Everyone is waiting for the dividend to be reinstated.  This is a good name if you want a conservative story but wait until the dividend is reinstated.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $16.930
Owned: Unknown

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2017-11-09

DON'T BUY
Imperial Oil (IMO-T)

It has not made investors much money this year.  Likely there will be a tax loss selling effect.  He does not think there is a lot of return in it.  SU-T would be much more appealing.

integrated oils
Josef Schachter

President, Schachter Asset Management

Price: $40.580
Owned: Unknown

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2017-11-09

BUY
Precision Drilling (PD-T)

The quarter that just came out was pretty good.  All the companies with US exposure on the service side did well.  It is the most liquid name in the group.

oil/gas field services
Josef Schachter

President, Schachter Asset Management

Price: $3.970
Owned: Unknown

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