TOP PICK
A floating REIT. They have container ships. They have long-term leases with companies like CP Ships and a major Chinese shipping company. They have fixed costs on the other end and they make the spread and pay it out to the unit holders. 8% yield. Adding new ships to the fleet.
HOLD
Still thinks it's a decent stock, but would be a holder rather than a buyer due to its higher costs/lower returns relative to others.
SELL
Interest sensitive. Would switch of this and buy Enbridge (ENB-T), primarily because Enbridge has more growth and strategic initiative.
BUY
Interest sensitive, but prefers over TransCanada Pipe TRP-T) because it has more growth.
TOP PICK
Likes integrated companies that have production, refining and retail outlets. This gives some downside protection. Relatively inexpensive relative to its peers. Has most of the cost relative to White Rose behind it. Lots of revenue coming. Could have a special dividend.
DON'T BUY
Have had a lot of problems in terms of their earnings visibility. More and more of their earnings is dependent on market related things.
TOP PICK
Has tremendous growth. Tiny production right now at under 1,000 barrels a day, but ramping up very quickly and should be 2600 by the end of this year and 4400 by the end of next year. Very cheap.
DON'T BUY
An improving story, but the drilling is a ways away with first production hitting around 2009. It's going to take significant capital to bring the production fully on stream.
WEAK BUY
A decent company but it's a utility and is regulated with limited growth and facing increasing interest rates.
SELL
Has higher debt levels than most others. Has had a few production misses. Has been disappointing.
BUY
Has done well and will continue to do well because it's levered to the oil sands. Has done well because of speculation of a takeover bid which is inevitable.
WAIT
This is a soft time with natural gas, but might be an opportune time to pick some up in advance of the winter when drilling increases. Would hold off until September.
BUY
This has hedged 47% of its production at $10 or more. Very clean balance sheet. Huge land base.
BUY
Gas weighted. They have some of the best metrics in the business. Getting 57 BOE’s per well versus 27 industry average. Good production, good balance sheet. Relatively low payout ratio.
BUY
All the drillers have probably been the most severely impacted with natural gas prices backing down. They are also the most levered to the price of natural gas going up which is very likely.