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Today, Josef Schachter commented about whether TXP-T, SGY-T, CR-T, PGF-T, HWO-T, BIR-T, CQE-T, CNQ-T, TDG-T, PRQ-T, IPO-T, CPG-T, CNE-T, PIPE-T, TCW-T, ARX-T, OBE-T, WCP-T, VET-T are stocks to buy or sell.

BUY ON WEAKNESS
They have been normal course issuer bids. He has a $2.25 target. Canada has a 41% decline in rig counts. You want to own this for the cycle. Wait for a pull back.
oil / gas field services
BUY ON WEAKNESS
He likes it and it is on his action alert buy list. They are going to be ramping up production over the next few months. Everyone is waiting for execution risk to come off. $4 one year target. Buy it on weakness.
Energy
BUY
Canacol Energy Ltd.
He likes it and it is on his action alert buy list. They brought on a new pipeline. They are going to be drilling more wells and getting more reserves. He has an $8 target.
oil / gas
DON'T BUY
They sold some assets in Utah and southeast Saskatchewan. He has a $7 target. He is not enamoured with it because they talked about selling Balkan assets, then they said they would sell mid-stream assets and then changed again when they actually sold assets. Are they selling because they have to sell or because they are focusing on their best assets?
oil / gas
PAST TOP PICK
InPlay Oil Corp
(A Top Pick Oct 09/18, Down 55%) He has a one year target of $1.60. Debt is not a problem. He thinks this is a cheap stock. This is a buy today on weakness.
Energy
PAST TOP PICK
(A Top Pick Oct 09/18, Down 74%) It has a debt situation. He likes the company and the management. They have good assets. He would like to see the debt paid down more.
oil / gas
PAST TOP PICK
(A Top Pick Oct 09/18, Down 14%) It was taken over.
oil / gas field services
BUY ON WEAKNESS
It is always a buy close to book value. In the low $30s it makes sense. They are buying back their stock aggressively. This will be an astute investment if we get back to $70-$100 oil. The stock has upside. They are generating a lot of free cash flow.
oil / gas
HOLD
They did a flow through share. The company is involved in oil and Nat. gas. He has a $1.20 target on it. If they can generate more cash flow they can get the debt down. He likes it. He may add on weakness.
oil / gas
BUY ON WEAKNESS
Major Drillers. PD-T is on his action alert list, but he thinks the debt load is a lot. He likes the service sector. It will not do well now. It is a 2020 story. If they back off, it is a good time to buy them.
Unknown
BUY ON WEAKNESS
It has had a nice bounce and he would be a buyer on any weakness. He has a target of $5 in twelve months. It is over a 4% dividend yield.
oil / gas
BUY ON WEAKNESS
He likes it. They are in both Canadian services and drill rigs in New Guinea. It has a good balance sheet. 7% dividend last week and it is secure. He would add on weakness.
oil / gas
DON'T BUY
Pengrowth Energy
He prefers other positions. They are going through hiring a senior investing banking group to find new investors. $1.25 is his target. Their issue is their debt. They have to find the right long term investor.
oil / gas
TOP PICK
Crew Energy Inc.

Some investors are concerned about the debt. The balance sheet is okay to him. They are using excess cash flow to pay down debt and can ramp up production as we see LNG projects coming on line. He has a $1.80 target. (Analysts’ price target is $1.36)

oil / gas
TOP PICK
Surge Energy Inc
Yield is still north of 8%. He has a $2.40 target. He sees the dividend being raised next year if oil is $70. Insiders are significant shareholders. (Analysts’ price target is $1.78)
oil / gas