BUY
Been disappointing for the last little while. Still a bit of a “show me” story. Big issue has been that they just haven't delivered in line with their guidance but they are cheap and attractive and have some decent holdings. Good assets and good management.
DON'T BUY
Potential takeover candidate but any acquirer would realize the Long Lake reservoir has been disappointing. Nexen (NXY-T) is the operator and has 54 submersible pumps trying to bring up more production but it is very slow.
BUY
Earnings are up but the stock keeps on falling. Getting tarred with the same brush as the Halliburtons of the world. There is a question in people's minds as to what is going to happen in the Gulf of Mexico and is the moratorium going to be extended. This is an opportunity.
HOLD
Has upside from here. Trading at a number of multiple points below Crescent Point (CPG-T) which is also in the Bakken. This is something you can hold onto. Looking for a minimum of 20% upside in the course of a year.
HOLD
In the Bakken, which is a hot play so it should do quite well. Experienced and one of the best operators out there.
COMMENT
Possibility of a takeover in 12 months. Has a real opportunity to double its production in the next couple of years. Probably a little overvalued right now. You can either Hold if you own or start picking away at it.
BUY
A favourite but have reasons for continued optimism. Have contiguous land of about 25,000 acres where there is a lot of prospectivity that could be a huge upside for the company.
BUY
$1.8 billion investment by the China Investment Corp. Deal is structured to develop the oil sands play, Seal and they pay almost all the costs up front and Penn West gets 55% of the cash flow and/or oil from future development.
COMMENT
Has been a little flat-footed over the last several years. Invested a lot in refining at the worst time of the cycle. Spin-off of the East Asian assets will be a catalyst but has been out there for at least 2 years. New CEO doesn't come from oil/gas background. 4.5% yield.
COMMENT
NYMEX Oil Bull+ ETF. The way this works is that it depends on the price path. Recalibrated virtually every day and if oil goes down, you have a lower base that you have to build from so oil could end up higher but you could be down further than what you paid.
HOLD
(Market Call Minute.) Generally he loves the stock but doubling production over the next 5 years makes no sense with gas price where it is.
HOLD
(Market Call Minute.) Attractive from a yield perspective but doesn't see a catalyst going forward.
BUY
(Market Call Minute.) Very solid trust.
BUY
(Market Call Minute.) Great chart and great income.