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COMMENT

Frac Sand Stocks. He got out of this sector last year. Perennial concern of too much new supply in Texas. Beginning of 2017, quality was questionable, but found they could use a lower quality sand. Storyline changed dramatically and he is no longer in this sector.

Unknown
BUY

Is a lower risk way to gain access to Canadian light oil. He thinks Canada is now the place to be. Predominantly light oil producer. Stock has been lagging. Sees them having about 80% upside at $80 oil. Safe balance sheet. Current valuation is so low.

Oil and Gas (Integrated Oils)
COMMENT

Should get LNG positive approval next Friday. All the signs are there. But will service stocks go up as well?

oil / gas
PAST TOP PICK

(A top pick July 19/17, down 21%) Is a pure play Canadian pressure pumper. Concerns were weak natural gas pricing and lowering of capital expense spending. They have been successful at share buybacks. Are being encouraged not to buy new equipment but continue to buy back stock. Trading at about 25% free cash flow yield.

oil / gas field services
PAST TOP PICK

(A top pick July 19/17, down 30%) Was lowest risk frac sand producer but did not work out. He exited last year.

0
PAST TOP PICK

(A top pick July 19/17, up 8%) This is a significant weighting for him. Confidant they will beat Q2 results and increase guidance this year. Could be a $45 stock if he is right in his $80 oil price prediction.

Energy
WAIT

Payout ratio is about 20%. No concern about dividend. Not going to hit enough institutional screens to get a meaningful uplift. Would be challenged to have this stock double. There are other stocks with more upside.

oil / gas