Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
November 20, 2020
They are running at a higher than average leveraged position. Their next maturity is 2023 so there is running room. The outlook for condensate is very positive. 30% free cash flow at $50 oil, and 53% free cashflow yield at $60.
Show full opinionHide full opinion
Nuvista Energy Ltd (NVA-T)
November 20, 2020
They are running at a higher than average leveraged position. Their next maturity is 2023 so there is running room. The outlook for condensate is very positive. 30% free cash flow at $50 oil, and 53% free cashflow yield at $60.
HOLD
HOLD
November 20, 2020
A go to natural gas name. 19x free cashflow yield right now. Balance sheet and debt is fine. It has relevant obstacles and market cap is a challenge, but it is a hold. It depends on how cold the winter is. If it is a warm winter, get out.
Show full opinionHide full opinion
A go to natural gas name. 19x free cashflow yield right now. Balance sheet and debt is fine. It has relevant obstacles and market cap is a challenge, but it is a hold. It depends on how cold the winter is. If it is a warm winter, get out.
WATCH
WATCH
November 20, 2020
At $45 oil, the target price would be $1.50. At current oil prices, it is trading at a 4% free cashflow yield. He believes this company will not be around for much longer. The valuation is very compelling. However, either they need to get bigger or to get out and be scaled up by someone else.
Show full opinionHide full opinion
At $45 oil, the target price would be $1.50. At current oil prices, it is trading at a 4% free cashflow yield. He believes this company will not be around for much longer. The valuation is very compelling. However, either they need to get bigger or to get out and be scaled up by someone else.
BUY WEAKNESS
BUY WEAKNESS
November 20, 2020

He was not overly enthused by the Husky take over. He has warmed up to the outlook of the stock in a better oil price environment. At $50 oil, they do not compete as well as CNQ or SU. He has started to dip his toe into CVE. At $50 oil, they would be trading at a 24% free cashflow yield, which is compelling for a large cap stock.

Show full opinionHide full opinion
Cenovus Energy (CVE-T)
November 20, 2020

He was not overly enthused by the Husky take over. He has warmed up to the outlook of the stock in a better oil price environment. At $50 oil, they do not compete as well as CNQ or SU. He has started to dip his toe into CVE. At $50 oil, they would be trading at a 24% free cashflow yield, which is compelling for a large cap stock.

SELL
SELL
November 20, 2020
Their balance sheet needs to be fixed, assets are scattered all over the world so operational focus is difficult. Their valuation is not compelling compared to other names. He has been a sell for years.
Show full opinionHide full opinion
Their balance sheet needs to be fixed, assets are scattered all over the world so operational focus is difficult. Their valuation is not compelling compared to other names. He has been a sell for years.
DON'T BUY
DON'T BUY
November 20, 2020
Not a holding now. They paid off all their debt by selling some assets. They are at a net cash position. In the short term there is no reason to own the stock due to lack of catalyst.
Show full opinionHide full opinion
Kelt Exploration (KEL-T)
November 20, 2020
Not a holding now. They paid off all their debt by selling some assets. They are at a net cash position. In the short term there is no reason to own the stock due to lack of catalyst.
COMMENT
COMMENT
November 20, 2020

CNQ would be better for dividend sustainability. They have less maintenance requirements on their properties, a better run company. There is better inside ownership. He owns both. At $60 oil, CNQ will have 18% free cashflow yield. Suncor has less leverage due to refining exposure.

Show full opinionHide full opinion
Suncor Energy Inc (SU-T)
November 20, 2020

CNQ would be better for dividend sustainability. They have less maintenance requirements on their properties, a better run company. There is better inside ownership. He owns both. At $60 oil, CNQ will have 18% free cashflow yield. Suncor has less leverage due to refining exposure.