PAST TOP PICK
(A Top Pick May 10/11. Down 54.37%.) Have sold their gas assets and paid off all their debts. Focused now on the Cardium oil. Doing about 67% liquids. His target is $4. Could get cheaper in the next two quarters. Table pounding buy under $2.
PAST TOP PICK
(A Top Pick May 10/11. Up 43.86%.) Located in Kurdistan. Their wells can do 10,000 barrels a day when they come in. Good management. Target of $2.10.
DON'T BUY
Have had problems because on Long Lake. Yemen is over as well. Very cheap on the metrics but outside of the new project that just came on in offshore Nigeria, there is really no sexy sizzle to this story. Cheap but can always stay cheap.
COMMENT
All of these companies are being heard by natural gas prices, which will hurt distributions. This stock is back to the 2008-2009 lows. Higher risk name because of gas prices.
SELL
If there is no takeover, the price could drop to $2. To try and make $.30 or to lose $1.10, he doesn't like the trade-off.
DON'T BUY
Great company. Had a great bounce from the lows of 2011 and 2008-2009. This one could potentially come down to maybe $35. Wait for the correction and then Buy.
COMMENT
Very cheap. NAV of about $.20. Company is now starting to drill again. In Egypt so there is country risk. Making a major acquisition with a private company in Egypt that will give them major oil exploration in the Gulf of Suez. There could be an increase from today's 1000-1100 BOEs a day that by the end of Q1 2013 could think of North out 8000-9000. His target is $0.30.
HOLD
Good company and very good operators. Decent yield. Growing on an international basis.Good company and very good operators. Decent yield. Growing on an international basis.
COMMENT
Liquid natural gas? This is a tough one because we still don't know about those pipelines. Native land claims are big issue. He doesn't know how you play this on the pipeline or pipeline construction. There will be lots of ways to play once there is a game plan. He would go to the cheap side right now, which are the companies that own the gas that might go into the pipes.
BUY ON WEAKNESS
Nice name to own. Good yield. Doesn't have the high beta volatility. Good solid company. This one could be a $30-$35 stock a year or 2 from now. In the meantime, you have a very nice dividend.
COMMENT
Until the industry starts shutting in a lot of natural gas, until we have LNG potential and more compressed gas vehicles on the road, natural gas does not have a positive scenario.
DON'T BUY
(Market Call Minute.) Don't go near this one.
BUY ON WEAKNESS
(Market Call Minute.) Likes the name longer-term. Great company but natural gas is a big part of their business.
BUY ON WEAKNESS
(Market Call Minute.) Cheap. His target is $1.20. Would buy under $.60.
DON'T BUY
(Market Call Minute.) Concerned about the balance sheet and that they did not get the breakthrough in Nova Scotia.