Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 25, 2013

Very well regarded company. Stumbled earlier in the year and then they put out a very good Q2. Transitioning more towards being a SAGD producer in the coming 2 years. Because it is so well regarded, it trades at around 10X cash flow. Quality of assets are stupendous, but there are other names that have a higher yield and as good a balance sheet and trading at a lower multiple.

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Baytex Energy Corp (BTE-T)
September 25, 2013

Very well regarded company. Stumbled earlier in the year and then they put out a very good Q2. Transitioning more towards being a SAGD producer in the coming 2 years. Because it is so well regarded, it trades at around 10X cash flow. Quality of assets are stupendous, but there are other names that have a higher yield and as good a balance sheet and trading at a lower multiple.

DON'T BUY
DON'T BUY
September 25, 2013

Loves the management team, but still thinks the stock is stuck in a holding pattern until they show their ability to finance their 2 major projects. Doesn’t see any near-term resolution.

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Loves the management team, but still thinks the stock is stuck in a holding pattern until they show their ability to finance their 2 major projects. Doesn’t see any near-term resolution.

BUY
BUY
September 25, 2013

Outlook for this company looks very, very good. He thinks you could see $6.50 or higher. Great balance sheet. Cheap at 5.4X next year.

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Outlook for this company looks very, very good. He thinks you could see $6.50 or higher. Great balance sheet. Cheap at 5.4X next year.

PAST TOP PICK
PAST TOP PICK
September 25, 2013

(A Top Pick September 19/12. Down 21.03%.) Great acreage in BC. Takeover target. Execution remains fine. Well results have been in line with expectations. Continues to delineate their acreage. Apathy to natural gas has caused many names to sell off. They have the ability to sell into a pipeline that isn’t as impacted by the wide basis differential so are getting a $.50-$.60 premium compared to other natural gas producers. Still likes.

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Painted Pony Energy (PONY-T)
September 25, 2013

(A Top Pick September 19/12. Down 21.03%.) Great acreage in BC. Takeover target. Execution remains fine. Well results have been in line with expectations. Continues to delineate their acreage. Apathy to natural gas has caused many names to sell off. They have the ability to sell into a pipeline that isn’t as impacted by the wide basis differential so are getting a $.50-$.60 premium compared to other natural gas producers. Still likes.

PAST TOP PICK
PAST TOP PICK
September 25, 2013

(A Top Pick September 19/12. Up 66.28%.) Did a perfect job of commissioning the market for its conversion into a dividend company, put together a stable of assets that fit that and using the currency that the market gave them to make accretive acquisitions from Barrick. Could see this getting to $14.

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Whitecap Resources (WCP-T)
September 25, 2013

(A Top Pick September 19/12. Up 66.28%.) Did a perfect job of commissioning the market for its conversion into a dividend company, put together a stable of assets that fit that and using the currency that the market gave them to make accretive acquisitions from Barrick. Could see this getting to $14.

PAST TOP PICK
PAST TOP PICK
September 25, 2013

(A Top Pick September 19/12. Down 4.61%.) People are slow to appreciate their water flood upside. There are several billion barrels that are amenable to water flooding and thinks they will be booking barrels for the very 1st time this year. Spending about 120% of their cash flow to grow production by 6% and pays a 7% yield.

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(A Top Pick September 19/12. Down 4.61%.) People are slow to appreciate their water flood upside. There are several billion barrels that are amenable to water flooding and thinks they will be booking barrels for the very 1st time this year. Spending about 120% of their cash flow to grow production by 6% and pays a 7% yield.

COMMENT
COMMENT
September 25, 2013

With their new CEO they have had 5 quarters of sequential growth and growing production by roughly 14%-16%. In their current commodity deck, they are able to bring in an additional rig and potentially grow up to 20%, while at the same time essentially maintaining a debt-free balance sheet. Operating in Albania. Thinks it is going to stall around $4-$4.25 level. He has been scaling out recently.

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Bankers Petroleum (BNK-T)
September 25, 2013

With their new CEO they have had 5 quarters of sequential growth and growing production by roughly 14%-16%. In their current commodity deck, they are able to bring in an additional rig and potentially grow up to 20%, while at the same time essentially maintaining a debt-free balance sheet. Operating in Albania. Thinks it is going to stall around $4-$4.25 level. He has been scaling out recently.