TOP PICK
Has probably about the best leverage to crude. Has great torque to oil prices going higher. International player. Lots of prospectivity. Quarterly results come out on July 29 and you could wait until then before buying. Great balance sheet.
TOP PICK
Only pipeline that is an oil pure play in North America. Offers visible 10% growth in earnings for foreseeable future. Signalled they won't come to the market and dilute share price when they need money.
TOP PICK
Used to hate this one but they have started to do everything right. Have a strategy that they can articulate and are living by. Focusing on their core areas of Southeast Asia, North Sea and North America. Cheap.
PAST TOP PICK
(A Top Pick Sept 22/08. Down 15.07%.) Heavy oil producer and recently had their reserves re-rated. Has lots of prospectivity on their oil sands project Seal. Differential between lights and heavies is collapsing. Continue to Hold.
PAST TOP PICK
(A Top Pick Sept 22/08. Down 24.73%.) One of the top names in the patch. Horizon project is now up and producing. International investors go to this name. Buy.
PAST TOP PICK
(A Top Pick Sept 22/08. N/A.) Has gone from 50% to 20% and is looking to move down to 5%.
BUY
A good little company. Nice mix in oil and gas. Have done some accretive acquisitions. Basically been hitting its numbers. Can't see any risk of the dividend being cut.
SELL
Doesn't like this name. Would exit it immediately. High levels of debt. Disorganized management.
BUY
Oil pipeline. Solid with a decent yield of 10.4%, which he feels is safe. (See Top Picks for his choice. This would be #2.)
HOLD
Fairly valued. There is potential for it to re-rate over time but thinks it has come fairly far, fairly fast. Would prefer Imperial Oil (IMO-T).
STRONG BUY
Merger with Suncor (SU-T) is pretty much a done deal. This one is in the penalty box right now because of a poor quarter. Long-term, this is a phenomenal company to hold.
SELL
Merger with Suncor (SU-T) is pretty much a done deal. Doesn't think this will go any higher so he would sell and pick up more Suncor, which is in the penalty box right now.
COMMENT
Doesn't like the company's prospects. The only reason to hold is if a bid emerges and it gets sold. Nexen (NXY-T) would be the logical buyer.
BUY
This is one of the juniors that you can play. Active in India and D6 is starting to produce for them.
SELL
Did an equity raise and have a lot of debt coming due. Up against some of their bank lines. If you own, consider selling for tax loss purposes.