Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Josef Schachter and Larry Berman CFA, CMT, CTA commented about whether SDX-LN, GTE-T, PGF-T, SU-T, TOU-T, TVE-T, CNQ-T, CPG-T, ERF-T, CASH, SGY-T, PGF-T, BIR-T, PPL-T, POU-T, VET-T, OBE-T, HSE-T, WZR-X, MG-T, NXPI-Q, ICE-N, GILD-Q, ZPW-T are stocks to buy or sell.
- Page 2/4
- Next Page
(Top Pick Sep 6/16, Up 36.60%) They had wells that just came on and they have now revised their numbers upward. It seems fully valued to him right now. The fourth quarter results will be out in a number of months and if the price of crude backs off then he would be looking at this a lot more constructively.
He is a big fan of Natural Gas. Inventories are coming down, especially over the last couple of weeks. We came down from 4 to 3.1 TCF. This is the not the same as oil. US production has come down. Demand is rising and production is falling. He thinks the price of Nat Gas could retreat in March. With the lack of drilling we will not fill storage during the injection season.
They lowered their costs. They are big in Alberta and Saskatchewan as well as the US. They were a very good hedger. Their hedge for Q1 and Q2 will put them in a good position if the price of oil goes down in Q1 and Q2 of this year. The company is shrinking because of the lack of Cap-X. They have to build to replace declines. Buy after an oil price decline. The market now wants to see them grow by drilling.
Have done exceedingly well. Book value is $24.05. It got down to below book value last year. They were impacted by the problems in Fort McMurray. Volumes will be coming back from their oil sands business. This stock is impacted when the market gets nervous about the price of oil. They need to start generating the free cash flow they are talking about and to pay down debt. He thinks they will go to the acquisitions trail again in the future.
This is the goto name, the largest cap name and one that Americans love to own. Fort Hills is just being finished up and will give them a bounce in the volume this year. They have done a very good job of driving costs down. If we break $40 oil then you will have another great purchasing opportunity.
They had to find a way to survive after the government changed the rules for royalty trusts. They did a good job of focusing on getting long term assets. They aim to sell their non-core assets. When you get to the fourth quarter their balance sheet will be repaired and they could be a $3 stock in 2018. It will be a table pounding buy very shortly. (Analysts’ Target Price: $2.01).
Markets. The Trump rally kept going after he was on the day after the election. It has been an interesting couple of months. He is still quite cautious on markets, especially given the move up in the markets. He thinks investors are getting set up for disappointment with regards to Trump's pro-growth policies. He can go long or short the market and in Canada, US or off shore. He is running a little bit net long right now. He has built a long position in Gold and Energy spaces.
(Top Pick Sep 6/16, Down 9.35%) It backed off recently but see his Top Picks today.