He has not held PD-T for quite a while. It has fallen below $3, which was his previous buy target. He sees the current tax loss selling impacting the entire sector and will create great opportunities. However, he thinks there are better opportunities in the E&P sector. He thinks it is cheap and you would make money, but he prefers other holdings.

Steady income? He thinks the recent budget for SU-T showing production growth with refining assets makes them pretty stable. He thinks there are lots of others that will recover much quicker -- like Cenovus (CVE-T). Yield 3.6%

Steady income? He thinks the recent budget for SU-T showing production growth with refining assets makes them pretty stable. He thinks there are lots of others that will recover much quicker -- like Cenovus (CVE-T). Yield 3.6%

When MEG-T is gone, ATH-T will be the highest levered company to tightening heavy differentials. They trade on 11 times cash flow and that can fall to 4.5 times with a tighter heavy differential. He sees heavy differentials at $20. He sees a target of $2.67 in share price. He is the second largest shareholder in this company. (Analysts’ price target is $2.16)

This offers great leverage to higher oil prices and tighter heavy oil differentials.. Over 37% of their cash flow comes from the Eagleford and have enormous exposure to the Duvernay. The value of this asset is in excess of the share price. It has had enormous tax loss selling recently, so it has great upside. At $60 WTI prices, he gets about a $4 share price. Yield 0%. (Analysts’ price target is $5.09)

A pure Permian and Bakken play that has been hurt recently. On a 2020 year basis, once pipeline differentials go away this will trade up by 80% or more on a $60 oil price. Yield 0%. (Analysts’ price target is $22.95)

They have a 30 year drilling inventory in the Permian. It trades at only 3 times cash flow for the 2020 time period -- offering tremendous upside potential. Yield 0%. (Analysts’ price target is $36.90)