TOP PICK
A value stock. Cheap. Trading at about 35% discount to NAV. Good production growth in the order of 30% to 35% this year.
TOP PICK
In probably the most prolific play in the US, a region near the Fort Worth area. Have the best record of adding to their reserves as well as the best quality reserves.
TOP PICK
A defensive holding. 5.4% yield. Its properties are in France, the Netherlands and Australia. Has an interest in a company that is producing out of Libya. Risk/reward is very good.
BUY
Conservatively managed trust. Has good upside. Good balance sheet. Nice mix between oil and gas. CO2 flooding potential.
COMMENT
3 gas-weighted companies that he feels will cut distributions are Trilogy (TET.UN-T), Advantage Energy (AVN.UN-T) and Prime West (PWI.UN-T).
COMMENT
3 gas-weighted companies that he feels will cut distributions are Trilogy (TET.UN-T), Advantage Energy (AVN.UN-T) and Prime West (PWI.UN-T).
COMMENT
3 gas-weighted companies that he feels will cut distributions are Trilogy (TET.UN-T), Advantage Energy (AVN.UN-T) and Prime West (PWI.UN-T).
COMMENT
Gas weighted. 14.4% yield. Had a distribution cut. The problem with these companies is that the commodity price is weak, costs are higher and there is the tax overhang coming in a few years.
HOLD
Has done really well. Has a strategy that included buying a refinery. Refining margins have done very well, but are now history until next year. Wait until April, May of next year before buying.
DON'T BUY
Slashed their distribution by 29%, which came after an equity issue. This caused a drop in the stock. A decent name, but it only has a 5.3-year reserve life. Dead money for a while.
WEAK BUY
Very small in terms of production. Has shown some success in terms of its drilling. A buy, but don't put too much money into this area, when gas is so depressed.
BUY
Bought a refinery in Ohio. Last quarter was a little bit weak on the production side, but better on the downstream side. Have done a good job. Because of the weaker quarter, this would be a Hold for another quarter or two.
BUY
The US is going great gangbusters with lots of production, high revenues and higher day rates with offshore drilling rigs.
BUY
Diversifying out of Canada and into the US. Has probably one of the best diversities of revenue. 9.9% yield. Earnings are coming out on Aug 9, so wait before buying.
COMMENT
Generally doesn't like this one, but it has fallen so far it might be worth looking at.