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BUY
Really likes it. Mobile drilling rigs in Papua New Guinea with good margins and lucrative business. There will be more contracts. Service business in Canada doing well. Clean balance sheet, working capital surplus. Target price of $5 in the next few years.
oil / gas
HOLD
2B shares, and an equity market value of 118B, the largest of any company he covers. Debt load is 75B. Line 5 gave them more capacity. New facility on the Gulf Coast, so volumes will increase over time.
oil / gas pipelines
PAST TOP PICK
(A Top Pick Mar 24/20, Up 1376%) Big beneficiary of nat gas LNG on the west coast. $20 target on it. Will be out of debt by the end of this year, lots of free cashflow, unhedged. Premier company. Potential takeover. A buy on any weakness. He sold on recession concerns.
oil / gas
PAST TOP PICK
(A Top Pick Mar 24/20, Up 799%) Team has done a fabulous job. Now the largest Canadian nat gas producer. Buy on weakness and hold for 4-5 years. Could potentially be $120-150 if it became a friendly acquisition target. He sold on recession concerns.
oil / gas
PAST TOP PICK
(A Top Pick Mar 24/20, Up 965%) Favourite oily name. Acquisitions at the right time. Nat gas and carbon capture. Very strong balance sheet, could raise dividend if it wanted or do tuck-in acquisitions. Own for the long term. He sold on recession concerns.
Oil and Gas (Integrated Oils)
BUY on WEAKNESS
If you feel the market's had a good run, and that central banks will slow down the economy to get a handle on inflation, then we'll see a global slowdown. Supply chain issues persist. Balance sheet is superb. Hold, or buy on weakness. Because of Ukraine, Canada's become an attractive place for foreign investors.
oil / gas
BUY on WEAKNESS
Working on cleaning up balance sheet. Potentially in the $20s in the next couple of years. 5-year price target of $40. Still a long way to go. Buy on weakness. Free cashflows at today's commodity prices will be spectacular, and this will attract investor attention.
oil / gas