Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
March 7, 2008
Likes the Horizon project that is coming on in the latter half of this year. A little more expensive and delayed from what the expectations where but that's not unusual for Fort McMurray. Cash flow will be significant at well over 100,000 barrels a day. 45% natural gas. Good management. (Would treat the Top Picks as a Watch rather than a Buy.)
Likes the Horizon project that is coming on in the latter half of this year. A little more expensive and delayed from what the expectations where but that's not unusual for Fort McMurray. Cash flow will be significant at well over 100,000 barrels a day. 45% natural gas. Good management. (Would treat the Top Picks as a Watch rather than a Buy.)
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$73.370
Owned
Yes
TOP PICK
TOP PICK
March 7, 2008
International oil. In the North Sea. Has a number of very interesting areas it is working in. Owns drilling rigs, which is important in the North Sea. Two main operating areas are North Firth and the Southern Gas area. Mainly acquired their positions through farm-ins. Continue to dramatically grow their production at reasonable costs. (Would treat the Top Picks as a Watch rather than a Buy.)
Oilexco Inc (OIL-X)
March 7, 2008
International oil. In the North Sea. Has a number of very interesting areas it is working in. Owns drilling rigs, which is important in the North Sea. Two main operating areas are North Firth and the Southern Gas area. Mainly acquired their positions through farm-ins. Continue to dramatically grow their production at reasonable costs. (Would treat the Top Picks as a Watch rather than a Buy.)
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$14.820
Owned
Yes
TOP PICK
TOP PICK
March 7, 2008
Mainly gas driven. About 53% of its revenue is Canadian natural gas with a lot of that in the very exciting Montney gas play in NW Alberta. About 32% gas from the US, mainly Wyoming. Relatively small oil holdings. (Would treat the Top Picks as a Watch rather than a Buy.)
Encana Corp (ECA-T)
March 7, 2008
Mainly gas driven. About 53% of its revenue is Canadian natural gas with a lot of that in the very exciting Montney gas play in NW Alberta. About 32% gas from the US, mainly Wyoming. Relatively small oil holdings. (Would treat the Top Picks as a Watch rather than a Buy.)
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$76.260
Owned
Yes
WEAK BUY
WEAK BUY
March 7, 2008
Has the White Sands oil project for heavy oil, which looks very interesting. Some risks associated with it but he is positive on it. Has some Bakken play in Saskatchewan that looks very interesting. Also have a big interest in PetroMinerales (PMG-T). A very expensive stock as the market has chosen to give a high valuation to the White Sands project. He feels there is a lot of risk there.
Has the White Sands oil project for heavy oil, which looks very interesting. Some risks associated with it but he is positive on it. Has some Bakken play in Saskatchewan that looks very interesting. Also have a big interest in PetroMinerales (PMG-T). A very expensive stock as the market has chosen to give a high valuation to the White Sands project. He feels there is a lot of risk there.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$52.400
Owned
Yes
WAIT
WAIT
March 7, 2008
Gas dominated company. Shoulder season is traditionally a slow time for natural gas, but we are not seeing it because of the cold weather. This company is very well run. Large acreage position in British Columbia and NW Alberta, in the heart of the very exciting Montney play, which is undervalued. Good management.
Gas dominated company. Shoulder season is traditionally a slow time for natural gas, but we are not seeing it because of the cold weather. This company is very well run. Large acreage position in British Columbia and NW Alberta, in the heart of the very exciting Montney play, which is undervalued. Good management.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$38.650
Owned
Yes
DON'T BUY
DON'T BUY
March 7, 2008
Had been a frustrating stock and recently sold his holdings. Drilling in the North Sea and had 2 dry holes. Looks like they are having some success in Alaska. Have a lack of good drilling plays.
Had been a frustrating stock and recently sold his holdings. Drilling in the North Sea and had 2 dry holes. Looks like they are having some success in Alaska. Have a lack of good drilling plays.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$4.910
Owned
No
WAIT
WAIT
March 7, 2008
100% gas. Sold his holdings last fall, presuming low gas prices. Would wait to see how strong gas imports are this summer. He likes it. Has good plays and is well managed and a good cash position.
100% gas. Sold his holdings last fall, presuming low gas prices. Would wait to see how strong gas imports are this summer. He likes it. Has good plays and is well managed and a good cash position.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$7.800
Owned
No