Latest Expert Opinions

Signal
Opinion
Expert
WATCH
WATCH
September 25, 2012

Very good new management. Sold off Trinidad assets and paid down debt. Also, sold off land, at a very good price, in the Duvernay area. Really rationalizing down to light oil and liquids rich natural gas in Western Canada. Biggest part of their land base is in south-eastern Alberta. Also, had a big discovery in Tunisia. Stock is in the doldrums because of a commitment to drill, trying to farm it out and bring in new partners and if they can’t meet their deadline they will have to write a cheque to the Tunisian government. If the government gives them an extension and they get their partner, it is a very big discovery and important to the company.

Sonde Resources (SOQ-T)
September 25, 2012

Very good new management. Sold off Trinidad assets and paid down debt. Also, sold off land, at a very good price, in the Duvernay area. Really rationalizing down to light oil and liquids rich natural gas in Western Canada. Biggest part of their land base is in south-eastern Alberta. Also, had a big discovery in Tunisia. Stock is in the doldrums because of a commitment to drill, trying to farm it out and bring in new partners and if they can’t meet their deadline they will have to write a cheque to the Tunisian government. If the government gives them an extension and they get their partner, it is a very big discovery and important to the company.

Josef Schachter
President, Schachter Asset Management
Price
$0.700
Owned
Unknown
COMMENT
COMMENT
September 25, 2012

Canadian Natural Resources (CNQ-T) or Crescent Point (CPG-T)? Both are good companies but in the case of Crescent Point you do have the higher yield. This one is more of a capital gains story. Have a lot of cash flow to pay down debt. Their Horizons project is moving smoothly now. As they pay down debt, they will probably have another growth spurt.

Canadian Natural Resources (CNQ-T) or Crescent Point (CPG-T)? Both are good companies but in the case of Crescent Point you do have the higher yield. This one is more of a capital gains story. Have a lot of cash flow to pay down debt. Their Horizons project is moving smoothly now. As they pay down debt, they will probably have another growth spurt.

Josef Schachter
President, Schachter Asset Management
Price
$30.940
Owned
No
COMMENT
COMMENT
September 25, 2012

Canadian Natural Resources (CNQ-T) or Crescent Point (CPG-T)? Both are good companies. In this case you have the higher yield and they have been able to grow production so have been able to raise distributions over time. CNQ is more of a capital gains story.

Canadian Natural Resources (CNQ-T) or Crescent Point (CPG-T)? Both are good companies. In this case you have the higher yield and they have been able to grow production so have been able to raise distributions over time. CNQ is more of a capital gains story.

Josef Schachter
President, Schachter Asset Management
Price
$43.910
Owned
No
BUY
BUY
September 25, 2012

Big fan of this company. In the process of bringing on the Brea field by the end of this year. They own 30% and a big German utility owns 70%. Also, going to start doing some offshore drilling in Romania. Stock has had a bit of strength recently. He has a $2.50 target, based on his view that a year from now they will be ramping up production from the Brea field and then maybe doing phase 2.

Sterling Resources (SLG-X)
September 25, 2012

Big fan of this company. In the process of bringing on the Brea field by the end of this year. They own 30% and a big German utility owns 70%. Also, going to start doing some offshore drilling in Romania. Stock has had a bit of strength recently. He has a $2.50 target, based on his view that a year from now they will be ramping up production from the Brea field and then maybe doing phase 2.

Josef Schachter
President, Schachter Asset Management
Price
$1.400
Owned
No
COMMENT
COMMENT
September 25, 2012

Have had a number of good things going on including bringing in new shareholders and the Garmian block that the Kurdistan government brought in. Now waiting for results from the Kurdiman #2 well of which they hold 40%. Next year there will be a lot of drilling as they are flush with cash. He has a $1.50 target. Expect it will be trading in a range here for a while until we get into the next phase of Q1 and Q2 of 2013

Have had a number of good things going on including bringing in new shareholders and the Garmian block that the Kurdistan government brought in. Now waiting for results from the Kurdiman #2 well of which they hold 40%. Next year there will be a lot of drilling as they are flush with cash. He has a $1.50 target. Expect it will be trading in a range here for a while until we get into the next phase of Q1 and Q2 of 2013

Josef Schachter
President, Schachter Asset Management
Price
$1.360
Owned
No
DON'T BUY
DON'T BUY
September 25, 2012

This company is involved in Kurdistan in a project of drilling with Niko Resources (NKO-T). They don’t have the capital they are going to need to continue drilling their project. It has been a yo-yo stock. With lack of capital and very, very expensive wells he would stay away.

Arht Media (ART-X)
September 25, 2012

This company is involved in Kurdistan in a project of drilling with Niko Resources (NKO-T). They don’t have the capital they are going to need to continue drilling their project. It has been a yo-yo stock. With lack of capital and very, very expensive wells he would stay away.

Josef Schachter
President, Schachter Asset Management
Price
$0.020
Owned
No
COMMENT
COMMENT
September 25, 2012

This one gives you a yield. It is very impacted by the movement in the price of oil and the politics related to the oil sands. Very high beta relative to the commodity price. This or Canadian Natural Resources (CNQ-T) are good names to own if you want a long-term commitment to the oil sands. (See Top Picks.)

Canadian Oil Sands (COS-T)
September 25, 2012

This one gives you a yield. It is very impacted by the movement in the price of oil and the politics related to the oil sands. Very high beta relative to the commodity price. This or Canadian Natural Resources (CNQ-T) are good names to own if you want a long-term commitment to the oil sands. (See Top Picks.)

Josef Schachter
President, Schachter Asset Management
Price
$21.290
Owned
Unknown