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COMMENT
Oil. She uses OPEC Spare Capacity numbers, which indicated a potential for some problems in 2 or 3 years and prices might spike. Present middle east scenario could move the time-line a little bit shorter and could see some price hikes that could be quite dramatic if oil was cut off. Was not expecting $150 oil for 3 years but it could now be sooner. Has been adding names that were down or hadn’t moved in the last few days.
COMMENT
Heavy oil play. Good management team. Some feel they have a project that could be better than their previous one. Good experience a lot of growth, especially with strong oil prices. A little more expensive on a cash flow basis than its peer group. If you value it on a Net Asset basis, people expect they can really grow the assets.
oil
gas
WATCH
Started as a Bakken oil player in Saskatchewan and have now diversified into Alberta. Stock was in a downtrend for quite some time but now stabilizing. Valuation is not too bad on a cash flow basis. Fighting some declines in some of their Bakken production and she is monitoring to see if she will invest in it.
oil
gas
PAST TOP PICK
TOP PICK
Not trading at as a good a valuation as some of the mid to large cap energy stocks. 4th quarter has a strong beat on their refining, which she has been strong on. You may be able to get it cheaper if it pulls off a bit. Produce from Libya and Syria, which are potentially difficult but this is not a large amount of their production.
integrated oils
TOP PICK
Very tiny, very risky small cap. A junior producer that had way too much debt for years. Have 450 barrels of production. Trading cheaply on a cash flow basis but have a new farm-in who are drilling 5 horizontal oil wells to test some new sexy resource plays. They don’t have to put up any money.
oil
gas
