Advertising
COMMENT

Got propelled from investor activism. Middle of the pack for him. He sees moderate leverage. He has been hung up on the nature of their assets, they are longer in the tooth. Higher cost operations. Sees 46% upside at $80 oil and a 27% upside at $70 oil.

oil / gas
DON'T BUY

They have a lot of debt and have been slowly trying to pay it down. If bullish in this sector, there are other stocks to look at. Financial risk exceeds his comfort level. No dividend.

oil / gas
DON'T BUY

Trying to monetize their existing producing assets and become an exploration company. Is there a buyer for these assets in Columbia? People have been selling the stock because this is a very significant shift.

oil / gas
BUY

Is an undervalued Permian producer. Have had some boomer wells in their Balkan play. Should beat their Q2 and raise guidance. Is projecting a $25-$30 stock price. This is only one of the three US stocks he owns now.

oil / gas
COMMENT

Cash flow is being crimped and contraction of demand. Nobody wants to own pressure pumper stocks now. May do well if take a 2 year view. He would have a zero exposure in the US.

oil / gas field services
SELL

One of the better US pumpers with respect to balance sheet. They are generating free cash flow. There is no catalyst to buy this stock. More reasons to own Canadian than any US pressure pumpers. Would sell this and buy Trican.

Energy
COMMENT

Trican Well Services (TCW-T) vs. Trinidad Drilling (TDG-T). Trinidad is still going through strategic alternatives. The founder quit suddenly. Trinidad still has a large exposure to the Permian, so this is a detractor. Trican is pure play Canada and should work in its favour. He would take Trican over Trinidad

oil / gas field services