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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Don Short and Michael Sprung commented about whether VSN.TO, Y.TO, CLC.TO, WJX.TO, JE.TO, BMO.TO, IMO.TO, YRI.TO, UUU.TO, TRP.TO, ENB.TO, KBL.TO, WTE.TO, ECA.TO, RY.TO, TLM.TO, VT.TO, STN.TO, TRI.TO, SGY.TO, TOL.V, BXE.TO, GFS.TO, CQE.TO, LTS.TO, NVS.V, EME.TO, LEG.TO, CMT.TO are stocks to buy or sell.
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COMMENT
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 ShortOwned
oilgas
BUY
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 ShortOwned
Oil and Gas (Integrated Oils)
COMMENT
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.
oilgas
BUY
New approach to fracing by using gelled propane as a fluid. Several advantages including being a native fluid, which is non-damaging and cleans up in hours with a 95% recovery rate. Looking for a great 3rd quarter.
Don ShortOwned
oilgas
TOP PICK
Formerly True Energy Income Trust. Had a management change, paid down debt and refocused the assets. Main reason to own this one is their enviable land position in the Pembina/Cardium. Production has grown from 5600 barrels a day (2009) to 10,000 currently in still showing great momentum on the operational side.
Don ShortOwned
oilgas
TOP PICK
Assembled 3 interesting oil plays in the Bakken and Cardium. Haven't done much drilling but this is about to pick up. Sitting at 1600 barrels a day but valued at 70,000 BOE's. A lot of growth potential.
Don ShortOwned
oilgas
TOP PICK
Asset base from previous company was spread out and current management is trying to focus on some particular areas. History of making acquisitions that can be expanded and grown. Have a core area in Manitoba that is showing good results.
Don ShortOwned
oilgas
PAST TOP PICK
(A Top Pick Sept 2/09. Up 19%.) Synergies they got from Reuters acquisition exceeded expectations. One of the big fears was that much of their business was coming out of the financial sector. Developing a lot of new products in the last year and will pick up market share. Still a buy. Mid-$40's in the next couple of years.
Michael SprungOwned
publishingprinting
PAST TOP PICK
(A Top Pick Sept 2/09. No change.) Always seems to be overlooked in the engineering sector. Have diversified out of US land holdings and into environmental engineering. Expects low to mid-$30's.
Michael SprungOwned
consulting
TOP PICK
(A Top Pick Sept 2/09. Down 6%.) Had problems because of flooding in western Canada and weak prices in Australian market. One of the more dominant players in agriculture in terms of grain handling and distribution. Now well balanced globally.
Michael SprungOwned
agriculture
TOP PICK
Significant amount of gas exposure and has been going for more unconventional plays but they could eventually have much higher payoff. Extremely well managed. Very inexpensive. Sees cash flow going from $3.90 up into the low to mid-$40’s over the next couple of years.
Michael SprungOwned
oilgas
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