Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Dean Orrico and Henry Groppe commented about whether CET.TO, ERF.TO, PVE.TO, BXE.TO, NXY.TO, BNP.TO, TOG.TO, HR.UN.TO, HTE.UN.TO, HOU.TO, OBE.TO, TLM.TO, TRP.TO, NIF.UN.TO, NAE.TO, ZAR.TO, VET.TO, CPG.TO, COS.TO, ECA.TO, ARX.TO are stocks to buy or sell.
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TOP PICK
Recently raised $250 million to shore up its balance sheet. Dominant player in the Montney greater Dawson area. Cut distributions a number of times over the last 4 or 5 months. There is probably a good base of distributions.
Dean OrricoOwned
oilgas
TOP PICK
Dominant player in the unconventional gas area. Has a good footprint in the Canadian oil sands. Low steam/oil ratios expected. Relatively low operating costs.
Dean OrricoOwned
oilgas
TOP PICK
Cut distributions recently by about 80% so this should position it very well to take advantage of a doubling of oil prices this year.
Dean OrricoOwned
oilgas
PAST TOP PICK
(A Top Pick Jan 29/08. Up 3.6%.) Dominant player in the light oil Bakken Bock and play in south-east Saskatchewan. Management feels they can maintain distribution at these prices. Active hedgers. Relatively low debt to cash flow.
Dean OrricoOwned
oilgas
PAST TOP PICK
(A Top Pick Jan 29/08. Down 21.8%.) Very well run. Most of its assets and production are offshore and will come in tax-free. Great core holding in the portfolio. A Buy right now.
Dean OrricoOwned
oilgas
PAST TOP PICK
(A Top Pick Jan 29/08. Down 12.6%.) Will probably see a relatively stable level of distributions. Assuming there is an improvement in the capital/credit markets; you could see a take-out at a 25%-30% premium.
Dean OrricoOwned
oilgas
COMMENT
CONTANGO: Refers to what is happening to the future strip. Each month in the futures market has its own contract and CONTANGO is when future months have a higher price than nearer months and there are expectations that the longer-term price trend is going to be higher. E.G. when there is a December futures contract price oil at $60, the probability is that prices are going to be higher.
COMMENT
Oil: Oil price collapse was because of Saudis in 2006 and 2007. Believed a forecast there was going to be the largest increase in OPEC production in history, so cut production significantly. No increase or change in consumption so created a shortage and drove prices up in 07. Followed by a cold winter creating higher demand. Chinese went on a buying spree. Saudis increased production in mid-07 that caused a price collapse. Now cut twice as much production as they had before, which should create a shortage later this year. Looking for a doubling in oil prices this year.
HOLD
Mid-tier average quality name. Cut distributions earlier this year. Fairly good shape and provides a pretty good up front yield. Have a very strong partnership with ManuLife (MFC-T) for me king acquisitions. 17% yield.
Dean OrricoOwned
oilgas
COMMENT
Zinc processor. Yield of about 22% and he is currently assessing this.
Dean OrricoOwned
investment companiesfunds
COMMENT
Historically viewed as a defensive stock. As being a bit more growth oriented recently. Expanding organically through the Keystone Pipeline. May eventually see the McKenzie Valley pipeline being built. Just increased dividends.
Dean OrricoOwned
oilgas pipelines
COMMENT
For years it has been a “show me” story. Company continues to be transitioning under new management. Trying to become an unconventional gas play.
Dean OrricoOwned
oilgas
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