Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
February 12, 2020
A much lower beta play on an oil price recovery. They need $55 oil prices to sustain their cash flows. He likes their low cost assets. Yield 7.5%
Show full opinionHide full opinion
Freehold Royalties (FRU-T)
February 12, 2020
A much lower beta play on an oil price recovery. They need $55 oil prices to sustain their cash flows. He likes their low cost assets. Yield 7.5%
COMMENT
COMMENT
February 12, 2020

TOU is too high of a natural gas exposure for him. BIR is overspending their cash flow to fill a plant they invested in for the promise of free cash flow next year. If you believe the strip pricing next year, they will generate a 26% free cash flow yield. However, it is also natural gas related. He just thinks there are better buying opportunities from the over selling in the oil markets from the Corona virus.

Show full opinionHide full opinion
Tourmaline Oil Corp (TOU-T)
February 12, 2020

TOU is too high of a natural gas exposure for him. BIR is overspending their cash flow to fill a plant they invested in for the promise of free cash flow next year. If you believe the strip pricing next year, they will generate a 26% free cash flow yield. However, it is also natural gas related. He just thinks there are better buying opportunities from the over selling in the oil markets from the Corona virus.

COMMENT
COMMENT
February 12, 2020

TOU is too high of a natural gas exposure for him. BIR is overspending their cash flow to fill a plant they invested in for the promise of free cash flow next year. If you believe the strip pricing next year, they will generate a 26% free cash flow yield. However, it is also natural gas related. He just thinks there are better buying opportunities from the over selling in the oil markets from the Corona virus.

Show full opinionHide full opinion

TOU is too high of a natural gas exposure for him. BIR is overspending their cash flow to fill a plant they invested in for the promise of free cash flow next year. If you believe the strip pricing next year, they will generate a 26% free cash flow yield. However, it is also natural gas related. He just thinks there are better buying opportunities from the over selling in the oil markets from the Corona virus.

DON'T BUY
DON'T BUY
February 12, 2020
They reported results yesterday, which were pretty much in line with expectations. The corporate decline rate is 19%, which is manageable. He likes the management team. However, with a low beta to oil price recovery, he is looking elsewhere.
Show full opinionHide full opinion
PrairieSky Royalty (PSK-T)
February 12, 2020
They reported results yesterday, which were pretty much in line with expectations. The corporate decline rate is 19%, which is manageable. He likes the management team. However, with a low beta to oil price recovery, he is looking elsewhere.
HOLD
HOLD
February 12, 2020
The Corona virus is reeking havoc in the oil markets currently as Chinese oil demand is reportedly down. OPEC believes oil demand will still grow this year by 1 million barrels per day. If oil goes back to $60, the stock will be trading at 2 times cash flow and generate a 17% free cash flow yield. He expects they could continue to buy back shares and pay down debt.
Show full opinionHide full opinion
The Corona virus is reeking havoc in the oil markets currently as Chinese oil demand is reportedly down. OPEC believes oil demand will still grow this year by 1 million barrels per day. If oil goes back to $60, the stock will be trading at 2 times cash flow and generate a 17% free cash flow yield. He expects they could continue to buy back shares and pay down debt.
TOP PICK
TOP PICK
February 12, 2020
A new holding for them. It trades at 2.4 times cash flow with a 24% cash flow yield. A very good prospect for a potential acquisition. It needs $60 oil prices to generate that cash flow. Yield 0% (Analysts’ price target is $3.25)
Show full opinionHide full opinion
A new holding for them. It trades at 2.4 times cash flow with a 24% cash flow yield. A very good prospect for a potential acquisition. It needs $60 oil prices to generate that cash flow. Yield 0% (Analysts’ price target is $3.25)
TOP PICK
TOP PICK
February 12, 2020
The balance sheet is better now that they have rolled out debt to 2027. It trades at 3.5 times cash flow and offers a 28% free cash flow yield. They are 50% hedged at $76 Canadian oil pricing. Good exposure to the Eagleford play as well along with Canadian heavy oil. Yield 0% (Analysts’ price target is $2.88)
Show full opinionHide full opinion
Baytex Energy Corp (BTE-T)
February 12, 2020
The balance sheet is better now that they have rolled out debt to 2027. It trades at 3.5 times cash flow and offers a 28% free cash flow yield. They are 50% hedged at $76 Canadian oil pricing. Good exposure to the Eagleford play as well along with Canadian heavy oil. Yield 0% (Analysts’ price target is $2.88)