Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Dean Orrico and Henry Groppe commented about whether SPB.TO, UTS.TO, TET.TO, PRQ.TO, CSH.UN.TO, ARX.TO, BQI, HTE.UN.TO, NAE.TO, ERF.TO, WCN.TO, COS.TO, MTL.TO, ZAR.TO, VET.TO, CPG.TO are stocks to buy or sell.
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TOP PICK
About 35% of its production comes from a relatively new but promising Bakken field in southeast Saskatchewan. Good growth profile.
Dean OrricoOwned
oilgas
TOP PICK
Has production in France, Netherlands and Australia where it is producing much more economically than in Canada. Lowest payout ratio in the sector.
Dean OrricoOwned
oilgas
TOP PICK
Gas weighted. Relatively small but very conservative management team. Acquired Rival Energy last year. Low payout ratio.
Dean OrricoOwned
oilgas
PAST TOP PICK
(A Top Pick Nov 10/06. Down 10% including distributions.) Still likes. Generally avoids transportation, but this company does it well. Well positioned to take advantage of a huge and continued expenditure in Alberta, building out the oil sands assets and infrastructure. Thinks 12% distribution for 08 will remain intact.
Dean OrricoOwned
Transportation
PAST TOP PICK
(A Top Pick Nov 10/06. Up 24.8% including distributions.) Excellent company. Basically a cash-generating machine. Should be a core holding in any energy portfolio. Still a Buy.
Dean OrricoOwned
oilgas
PAST TOP PICK
(A Top Pick Nov 10/06. Up 5.8% including distributions.) Waste management. Still likes. A relatively recession resistant business. Low payout ratio.
Dean OrricoOwned
Transportation & Environmental Services
BUY
First oil/gas trust that was formed. 13 year reserve life. Recently has not performed as well as some of its competitors. Income will continue to be high. Given the nature of assets, management feels the best use of their cash flow is not to reinvest, but to pay out to its investors. Don't expect huge growth.
Dean OrricoOwned
oilgas
BUY
Has good capital behind it if it needs to make acquisitions. Distribution is sustainable in 08. Stock has been beaten up and this is a good entry point, giving a 12%/13% yield. Well run.
Dean OrricoOwned
oilgas
COMMENT
Oil: Nothing has changed about basic fundamentals. Total production will be on an undulating plateau but into an irreversible decline. Prices will gradually rise from about $70 to about $95 over the next 10 years or so. Last fall's price was a total aberration caused by a mistake that the Saudis made. Very attractive investment environment for both oil and gas going forward
COMMENT
Natural Gas: Total Production in the US peaked several years ago and is levelling out in Canada. He is anticipating a significant long-term irreversible decline and prices will have to be high enough to cause a decline in consumption. There has been an aberration for the last 2 years, primarily because production has been restrained by developing tight gas through closer and closer drilling as well as new techniques. Prices will rise gradually from $7 to about $11 during the next 7 years. Very attractive investment environment for both oil and gas going forward
BUY
Very well run business. Conservative management team on a relative basis. Well positioned to replace production this year and maintain current distributions.
Dean OrricoOwned
oilgas
COMMENT
This REIT has struggled since inception. Payout ratio is over 100%, which is usually a negative. Put itself up for sale unsuccessfully last year. Expect someone will take the business out as it has good assets. Hard to tell if there will be a cut in distributions.
Dean OrricoOwned
property mngmntinvestment
BUY
Gas weighted. If you are looking for natural gas exposure and trying to get some high yield, this is a great name.
Dean OrricoOwned
oilgas
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