Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
December 6, 2013

Market reaction has been a little too harsh. Having some operational issues at one of their flagship oil sands properties, Foster Creek. Steam oil ratios are a little higher so is costing a little more. Believes the underperformance of the stock versus the peer group is about 16% in the last year and therefore it is a good buying opportunity. Has a tremendous premium to the peer group because of the long life, high-quality oil assets. Dividend yield of 3.09%.

Cenovus Energy (CVE-T)
December 6, 2013

Market reaction has been a little too harsh. Having some operational issues at one of their flagship oil sands properties, Foster Creek. Steam oil ratios are a little higher so is costing a little more. Believes the underperformance of the stock versus the peer group is about 16% in the last year and therefore it is a good buying opportunity. Has a tremendous premium to the peer group because of the long life, high-quality oil assets. Dividend yield of 3.09%.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$31.140
Owned
Yes
TOP PICK
TOP PICK
December 6, 2013

Saskatchewan oil assets are now a small portion of the company compared to the Northeast BC Montney play that they have. Massive land base with much of it surrounded by the Petronas - Progress land base. Has a great chance of doubling the share price in the next 5 years. They are going to use debt for the 1st time to fund a lot of their production without having to go to the market.

Saskatchewan oil assets are now a small portion of the company compared to the Northeast BC Montney play that they have. Massive land base with much of it surrounded by the Petronas - Progress land base. Has a great chance of doubling the share price in the next 5 years. They are going to use debt for the 1st time to fund a lot of their production without having to go to the market.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$6.950
Owned
Yes
TOP PICK
TOP PICK
December 6, 2013

Heavy oil focused producer with a good management team. Just went public in November. Trading at a multiple on cash flow that is dramatically lower than their entire peer group. Two new coverages by analysts today, so you will see people start to cover it, creating more interest in it, and institutions will start buying. Great valuation.

Gear Energy (GXE-T)
December 6, 2013

Heavy oil focused producer with a good management team. Just went public in November. Trading at a multiple on cash flow that is dramatically lower than their entire peer group. Two new coverages by analysts today, so you will see people start to cover it, creating more interest in it, and institutions will start buying. Great valuation.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$3.400
Owned
Yes
BUY
BUY
December 6, 2013

Great assets, good management and looks like they are turning around. Why are they becoming a dividend player? Sometimes companies have to do what the market is telling them and the market is telling a lot of oil/gas companies that they will not invest in them unless they have dividends. This increases the amount of capital available for them. This is still a strong enough asset base that it is still cheap enough that she would still be buying at these levels. Payout ratio is on the lower end compared to a lot of the legacy former royalty trusts. She is comfortable with the payout ratio. She can see it at $7 over the next couple of years.

Great assets, good management and looks like they are turning around. Why are they becoming a dividend player? Sometimes companies have to do what the market is telling them and the market is telling a lot of oil/gas companies that they will not invest in them unless they have dividends. This increases the amount of capital available for them. This is still a strong enough asset base that it is still cheap enough that she would still be buying at these levels. Payout ratio is on the lower end compared to a lot of the legacy former royalty trusts. She is comfortable with the payout ratio. She can see it at $7 over the next couple of years.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$5.150
Owned
Yes
BUY
BUY
December 6, 2013

Has taken quite a hit over the past few weeks and months, and that is partly due to some personnel changes, and diversifying their portfolio a bit more, which some investors did not approve of. Can see $3-$3.50 for this stock.

Manitok Energy (MEI-X)
December 6, 2013

Has taken quite a hit over the past few weeks and months, and that is partly due to some personnel changes, and diversifying their portfolio a bit more, which some investors did not approve of. Can see $3-$3.50 for this stock.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$2.140
Owned
Yes
COMMENT
COMMENT
December 6, 2013

Their debt is higher than the average competitor group. They are trying to right the ship and have some good oil assets. It will be all about whether they can increase management’s credibility. 8.5% dividend.

Their debt is higher than the average competitor group. They are trying to right the ship and have some good oil assets. It will be all about whether they can increase management’s credibility. 8.5% dividend.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$5.570
Owned
No
HOLD
HOLD
December 6, 2013

Stock has performed quite well over the last couple of quarters and likes what they have done. A wonderful kind of multiyear story. Although it looks like it has done quite well in the last few quarters, it still has a lot of upside. New CEO cleaned up the asset base and lowered operating costs. Inexpensive and has a lot more upside. Can see $23 in the next 12 months.

Enerplus Corp (ERF-T)
December 6, 2013

Stock has performed quite well over the last couple of quarters and likes what they have done. A wonderful kind of multiyear story. Although it looks like it has done quite well in the last few quarters, it still has a lot of upside. New CEO cleaned up the asset base and lowered operating costs. Inexpensive and has a lot more upside. Can see $23 in the next 12 months.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$19.470
Owned
Yes