Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
July 27, 2005
Has been a moderate performer, but one he likes quite a bit. Showing very good disciplined capital expenditure. Extremely conservative management. Huge acreage of undeveloped resource potential. Payout ratio is about 53% so very conservative. A safe place to park some money.
Has been a moderate performer, but one he likes quite a bit. Showing very good disciplined capital expenditure. Extremely conservative management. Huge acreage of undeveloped resource potential. Payout ratio is about 53% so very conservative. A safe place to park some money.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$22.350
Owned
Yes
TOP PICK
TOP PICK
July 27, 2005
Trading relatively cheaply compared to some of its peers. Growing its earnings per share over the next few years at about 25% compounded. Extremely strong growth. A big catalyst for the stock is it makes all the unconventional gas wells work which gives them higher day rates for that sort of work. Not cheap at 8 X EBITDA.
Trading relatively cheaply compared to some of its peers. Growing its earnings per share over the next few years at about 25% compounded. Extremely strong growth. A big catalyst for the stock is it makes all the unconventional gas wells work which gives them higher day rates for that sort of work. Not cheap at 8 X EBITDA.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$35.800
Owned
Yes
BUY
BUY
July 27, 2005
Earnings were a little disappointing. Investors should be looking at the oil sands where the promise lies and it has the reserve life. Relatively cheap at a 25% discount to net asset value.
Earnings were a little disappointing. Investors should be looking at the oil sands where the promise lies and it has the reserve life. Relatively cheap at a 25% discount to net asset value.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$61.290
Owned
Yes
BUY
BUY
July 27, 2005
With any of the big large cap energy companies you are going to do fine. There are some transition issues as well as some credibility issues with the street but the worst is over.
With any of the big large cap energy companies you are going to do fine. There are some transition issues as well as some credibility issues with the street but the worst is over.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$60.740
Owned
No
SELL
SELL
July 27, 2005
It's hard to see a high dividend payout strategy, which is what this company is following, with its pure play Genco strategy. Not any real catalyst for upside.
Transalta Corp (TA-T)
July 27, 2005
It's hard to see a high dividend payout strategy, which is what this company is following, with its pure play Genco strategy. Not any real catalyst for upside.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$21.500
Owned
No
TOP PICK
TOP PICK
July 27, 2005
Growing production very, very quickly. This year alone it's up 45%. Clean balance sheet. Good management team. Lots of growth potential. Relatively cheap.
Growing production very, very quickly. This year alone it's up 45%. Clean balance sheet. Good management team. Lots of growth potential. Relatively cheap.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$5.800
Owned
Yes
DON'T BUY
DON'T BUY
July 27, 2005
One of his least favourite trusts. Fighting a very strong decline in terms of its reserve life. The average of the trusts is 9.5 years and this one is 5.3 years. Fairly heavily indebted. Has had declining revenue and production in the last little while.
One of his least favourite trusts. Fighting a very strong decline in terms of its reserve life. The average of the trusts is 9.5 years and this one is 5.3 years. Fairly heavily indebted. Has had declining revenue and production in the last little while.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$13.790
Owned
No