Latest Expert Opinions

Signal
Opinion
Expert
SELL
SELL
February 8, 2008
The big problem is that there is no evident strategy for the company. Have a new CEO but have not been able to articulate a strategy. It is cheap and there is potential with the Vietnamese and Malaysian blocks which could have some upside surprises. You may be waiting a long time.
Talisman Energy (TLM-T)
February 8, 2008
The big problem is that there is no evident strategy for the company. Have a new CEO but have not been able to articulate a strategy. It is cheap and there is potential with the Vietnamese and Malaysian blocks which could have some upside surprises. You may be waiting a long time.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$15.540
Owned
Unknown
DON'T BUY
DON'T BUY
February 8, 2008
(Caller's comments; Going back to a corporation. Will be paying a 6% dividend and moving a lot of their operations to the US.) One of the first test cases of conversion from a trust. Drilling in Canada is really a problem right now. When gas prices come down, drilling contractors get laid off. US is a highly competitive market and while they may have better rigs, results of a move there is yet to be seen. A good name, but wouldn't be backing up the truck.
(Caller's comments; Going back to a corporation. Will be paying a 6% dividend and moving a lot of their operations to the US.) One of the first test cases of conversion from a trust. Drilling in Canada is really a problem right now. When gas prices come down, drilling contractors get laid off. US is a highly competitive market and while they may have better rigs, results of a move there is yet to be seen. A good name, but wouldn't be backing up the truck.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$10.070
Owned
No
HOLD
HOLD
February 8, 2008
Algerian gas play. This is a name that you could start to get a little more excited about. They completed an engineering and design study. They need to secure $750 million and will likely get it. Once they start producing it will probably get some interest by the market. It's a May-June story.
Algerian gas play. This is a name that you could start to get a little more excited about. They completed an engineering and design study. They need to secure $750 million and will likely get it. Once they start producing it will probably get some interest by the market. It's a May-June story.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$2.280
Owned
Unknown
BUY
BUY
February 8, 2008
Has good value in it. Could have a very un-levered balance sheet and isn't trading at an enormous multiple.
Has good value in it. Could have a very un-levered balance sheet and isn't trading at an enormous multiple.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$14.890
Owned
Unknown
DON'T BUY
DON'T BUY
February 8, 2008
Very short reserve life index of about 5 years. Also gas weighted.
Perpetual Energy (PMT-T)
February 8, 2008
Very short reserve life index of about 5 years. Also gas weighted.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$6.950
Owned
Unknown
HOLD
HOLD
February 8, 2008
With most trusts, what has been supporting them has been the yield from distributions. Probably have 10% to 15% downside risk when they revert to a corporation. This is one of the older ones and has some prospects in the oil sands, but right now it is sort of stuck in the middle without a clear-cut strategy. Thinks it will do okay.
Enerplus Corp (ERF-T)
February 8, 2008
With most trusts, what has been supporting them has been the yield from distributions. Probably have 10% to 15% downside risk when they revert to a corporation. This is one of the older ones and has some prospects in the oil sands, but right now it is sort of stuck in the middle without a clear-cut strategy. Thinks it will do okay.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$38.600
Owned
No
BUY
BUY
February 8, 2008
An oil sands play and it is starting to get some production going. Wouldn't wade in as it still has some issues but you could participate in a small way.
An oil sands play and it is starting to get some production going. Wouldn't wade in as it still has some issues but you could participate in a small way.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$3.100
Owned
No