Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
July 27, 2005
Has a lot of trouble with this one. Doesn't see where growth is going to come from. Found a huge discovery of gas, but couldn't get a serious bid.
Has a lot of trouble with this one. Doesn't see where growth is going to come from. Found a huge discovery of gas, but couldn't get a serious bid.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$7.580
Owned
No
WEAK BUY
WEAK BUY
July 27, 2005
An OK company, but wouldn't be his #1 pick. Have a fair bit of debt. Their debt to total cap is 60% versus its peers at 37%. Have a high ratio of debt which came about through their Buzzard field.
Nexen Inc (NXY-T)
July 27, 2005
An OK company, but wouldn't be his #1 pick. Have a fair bit of debt. Their debt to total cap is 60% versus its peers at 37%. Have a high ratio of debt which came about through their Buzzard field.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$45.780
Owned
No
TOP PICK
TOP PICK
July 27, 2005
A company that's sneaking under the radar screen which is one of the attractions to it. Reasonably fairly valued with a multiple of about 4.8. The big catalyst is the White Rose project coming on with production coming on in the beginning of next year. Production should jump from about 300,000 to 400,000 when that comes on. Cheap.
Husky Energy (HSE-T)
July 27, 2005
A company that's sneaking under the radar screen which is one of the attractions to it. Reasonably fairly valued with a multiple of about 4.8. The big catalyst is the White Rose project coming on with production coming on in the beginning of next year. Production should jump from about 300,000 to 400,000 when that comes on. Cheap.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$52.950
Owned
Yes
BUY
BUY
July 27, 2005
Production is growing about 45% this year. Currently at 11,000 barrels a day and is going to 15,600. Relatively inexpensive. EBITDA multiple of about 3.5.
Production is growing about 45% this year. Currently at 11,000 barrels a day and is going to 15,600. Relatively inexpensive. EBITDA multiple of about 3.5.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$33.900
Owned
Yes
BUY
BUY
July 27, 2005
A recent conversion. Sort of struggled a little bit. They are spending most of their time exploring and tying in their fields instead of operating and producing. Costs per barrel are on the upper end, so as they transition the last half of this year, you'll see the company pop.
A recent conversion. Sort of struggled a little bit. They are spending most of their time exploring and tying in their fields instead of operating and producing. Costs per barrel are on the upper end, so as they transition the last half of this year, you'll see the company pop.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$30.600
Owned
No
WEAK BUY
WEAK BUY
July 27, 2005
Sort of a play on the oil and gas sector. 70% of their growth is reprocessing waste fuel. Have been a litle flat.
Newalta Corp (NAL-T)
July 27, 2005
Sort of a play on the oil and gas sector. 70% of their growth is reprocessing waste fuel. Have been a litle flat.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$24.260
Owned
Yes
BUY
BUY
July 27, 2005
Great story. Relatively low debt level. International focus.
Great story. Relatively low debt level. International focus.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$25.050
Owned
Yes