Latest Expert Opinions

Signal
Opinion
Expert
SELL
SELL
September 22, 2010
Not fond of this one. Focuses on companies operating in the top quartile of operating metrics and performance in oil sands. A fair amount of debt. Doesn't see the refinery in Montana as being strategic. He would prefer BlackPearl (PXX-T) or Magma (MXY-T).
Connacher Oil and Gas (CLC-T)
September 22, 2010
Not fond of this one. Focuses on companies operating in the top quartile of operating metrics and performance in oil sands. A fair amount of debt. Doesn't see the refinery in Montana as being strategic. He would prefer BlackPearl (PXX-T) or Magma (MXY-T).
Don Short
Senior V.P. & Portfolio Manager, Qwest Investment Fund
Price
$1.190
Owned
No
SELL
SELL
September 22, 2010
Prefers oil to gas as gas is in for a difficult period. You have to be very selective on the type of companies for gas exposure. Look for ones that are operating in the top quartile. This one doesn't fit those criteria. Carry a lot of debt so he questions the real equity value.
Compton Petroleum (CMT-T)
September 22, 2010
Prefers oil to gas as gas is in for a difficult period. You have to be very selective on the type of companies for gas exposure. Look for ones that are operating in the top quartile. This one doesn't fit those criteria. Carry a lot of debt so he questions the real equity value.
Don Short
Senior V.P. & Portfolio Manager, Qwest Investment Fund
Price
$0.520
Owned
No
COMMENT
COMMENT
September 22, 2010
Very good company. Well managed. Assembled a number of different assets that all have oil exposure. Well recognized as a good company so trades at a high price.
Very good company. Well managed. Assembled a number of different assets that all have oil exposure. Well recognized as a good company so trades at a high price.
Don Short
Senior V.P. & Portfolio Manager, Qwest Investment Fund
Price
$10.830
Owned
Yes
BUY
BUY
September 22, 2010
Heavy oil producer in Saskatchewan. Doing a good job of assembling an inventory. Heavy oil in juniors doesn't tend to get the valuation or appreciation in the share price but this one should do well.
Emerge Oil & Gas Inc. (EME-T)
September 22, 2010
Heavy oil producer in Saskatchewan. Doing a good job of assembling an inventory. Heavy oil in juniors doesn't tend to get the valuation or appreciation in the share price but this one should do well.
Don Short
Senior V.P. & Portfolio Manager, Qwest Investment Fund
Price
$3.430
Owned
Yes
COMMENT
COMMENT
September 22, 2010
Large land position in southern Alberta/Saskatchewan. Management has been aggressive in assembling positions. Had a pullback in the 2nd quarter, which was probably due to wet weather. Sold his holdings but starting to look at it again.
Novus Energy (NVS-X)
September 22, 2010
Large land position in southern Alberta/Saskatchewan. Management has been aggressive in assembling positions. Had a pullback in the 2nd quarter, which was probably due to wet weather. Sold his holdings but starting to look at it again.
Don Short
Senior V.P. & Portfolio Manager, Qwest Investment Fund
Price
$0.790
Owned
No
COMMENT
COMMENT
September 22, 2010
Great job of assembling oil assets. Main focus was Bakken. Did a terrific job of growing organically with an aggressive drilling program but aggressive drilling programs give you a very high decline rate. Some renewed interest in the company now. Moved into the Cardium via a number of relatively expensive acquisitions that are starting to show some good success.
Lightstream Resources (LTS-T)
September 22, 2010
Great job of assembling oil assets. Main focus was Bakken. Did a terrific job of growing organically with an aggressive drilling program but aggressive drilling programs give you a very high decline rate. Some renewed interest in the company now. Moved into the Cardium via a number of relatively expensive acquisitions that are starting to show some good success.
Don Short
Senior V.P. & Portfolio Manager, Qwest Investment Fund
Price
$23.050
Owned
No
DON'T BUY
DON'T BUY
September 22, 2010
Good company with decent management. Assembled a bunch of gas assets. He is more skewed to oil. Will need a change in natural gas prices.
Cequence Energy Ltd. (CQE-T)
September 22, 2010
Good company with decent management. Assembled a bunch of gas assets. He is more skewed to oil. Will need a change in natural gas prices.
Don Short
Senior V.P. & Portfolio Manager, Qwest Investment Fund
Price
$1.860
Owned
No