TOP PICK
Will trade higher because it will give clarity between the 2 asset bases. Has done everything right. Have land holdings in all the hot plays. They had just smartly and are up over $1.6 billion in cash flow this year. After the split he would be inclined to keep the gas.
TOP PICK
Balance sheet is strong and you are basically getting the exploration potential for free. Has exploration upside in Brazil, Ghana, Libya, Australia etc.
PAST TOP PICK
(A Top Pick Sept 22/08. N/A.) Recovery is happening so you can now be fully invested so you should be rotating out of cash.
PAST TOP PICK
(A Top Pick Sept 22/08. Down 4.75%.) One of the more solid names. Sold in March because of concerns about debt and refinancing. Held in fairly well because it is heavy oil and differentials have been narrowing considerably.
HOLD
The issue on gas is how long can a company sustain operations at the low price. They need a price of around $6. With $57 million cash on the balance sheet it will be able to ride out the storm.
HOLD
In the international space. Looks attractive. Could see it as a takeover target at some point.
BUY
Managed fairly conservatively. 60% of the business is gathering and midstream and midstream has been very profitable. Relatively safe. Management has indicated they will be paying a dividend of about the same level after they convert to a corp.
HOLD
Historically has issued a lot of convertible debt but is paying it down and cleaning up its balance sheet. Direction is positive.
HOLD
One of the largest companies of its kind. Production of just under 100,000 BOE a day, which is at the upper end. An improving visibility story.
PARTIAL SELL
Hard to understand because it has a relatively high cost and convoluted ownership structure. Fairly gassy weighted. Doesn't seem to have any obvious catalyst to move it higher. Big upswing recently and he would be tempted to sell half your holdings.
RISKY
Equally weighted between gas and oil. A trader. If they can turn this name around quickly it would be good but wouldn't be a Hold. Not enough production to make it work.
BUY
Of all the Colombian oil/gas plays, this has probably the most potential upside in terms of its drilling inventory. This would be a Buy and Hold.
RISKY
Speculative buy because it is a smaller cap name and smaller producer. Does have conventional production as well as oil sands in which 1st phase has been completed. Working on a 2nd phase with cash to see it through. Could benefit from a land grab in the oil sands as things start to recover globally.
BUY
Classic value play. Inexpensive on cash flow metrics, etc because they typically disappoint on production and earnings guidance 3 times out of 4. They are cheap enough that you can buy but they have had some issues. Could be some weakness in the short term.
HOLD
3 months ago it had a very promising future but it has had a really good run.