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| DON'T BUY | 45.530 | Charles Lannon | (Market Call Minute.) Broadly speaking, he does like the super majors. Great resource bases and stocks are not that expensive. Attractive dividend yields. This one seems to go from one operational issue to another so this would not be his preferred name. | 2012-02-02 | |
| Comment | 45.910 | David Baskin | (Market Call Minute.) Recovered from a near-death experience. High oil prices is what is going to keep them going but they have a lot of infrastructure problems. What happened in the Gulf might be just the tip of the iceberg. | 2012-01-31 | |
| BUY | 42.480 | Gavin Graham | Had an excellent 3rd quarter. Dividend is almost 4% and is sustainable. There is now a much greater focus on the efficient use of assets. Fairly reasonably priced. | 2011-11-18 | |
| DON'T BUY | 43.100 | David Baskin | Because of their problems in their Gulf wells and Alaskan by, he is concerned that there may be further cockroaches. Feels this is a value trap. | 2011-11-10 | |
| BUY | 44.000 | Paul Harris, CFA | Cut Their dividend so he thinks it is safe. Trades at around 7X earnings and at a discount to the group of large cap integrated oil companies. On their way to proving themselves again but will trade at a discount until they prove themselves out to the people. Good price. | 2011-11-07 | |
| PAST TOP PICK | 36.430 | John Stephenson | (Top Pick Sep 21/10, Down 1.82%) Had a bit of a run and then had to right size their production. He made some money. | 2011-09-28 | |
| BUY | 45.910 | John Stephenson | Doing a lot of joint ventures in Russia. Got a hair cut through gulf disaster. Thinks they will surprise to the upside. Thinks it’s cheap. This is a safe entry point. Thinks you might see $60. | 2011-04-20 | |
| Comment | 45.540 | Richard Fogler | Having problems with their joint venture in Russia accessing vast oil reserves in the artic. TNK joint venture wants to do it but BP feel they have the technology and want to make a separate deal with state owned Rosneft. A tribunal has ruled against the share swap deal. Now in a stalemate. | 2011-04-14 | |
| DON'T BUY | 44.780 | John Zechner | A month ago he thought the spike in oil above $100 was temporary, but since Japan, he feels oil prices will stay here this year. Doesn’t think the stocks are reflecting it. Wouldn’t own BP because of the litigation risk. | 2011-03-29 | |
| BUY | 43.770 | Don Reed | Still a great organization and now they are getting their act together on the environmental side. Well positioned. Still 4% yield. | 2011-03-15 | |
| TOP PICK | 48.560 | John Stephenson | This had done what all the large caps have to do – shrink to grow. You look at the haircut they have taken due to the disaster in the Gulf and you have nothing to lose. CEO is doing everything right and has everything to gain and nothing to lose. | 2011-03-04 | |
| Comment | 47.130 | Gordon Reid | Transocean (RIG-N), Halliburton (HAL-N) or BP (PB-N)? Even though Transocean has recovered well in share price after the BP spill, thinks there is more opportunity for recovery with this one. | 2011-02-02 | |
| DON'T BUY | 43.750 | Rick Stuchberry | Has not being playing the big oils. He wants to get paid while he waits. He has played the Canadian trust markets. You get the same benefit in a trust if the price of oil goes up. If you like crude for the long pull, this stock has been taken out behind the woodshed. There’s trading opportunities. He would invest in something that gives good cash flow and good upside because if the market goes sideways and you are in something that doesn’t yield too much, you are better in an integrated. | 2010-12-16 | |
| DON'T BUY | 43.430 | David Burrows | Doesn’t want anything with a potential big problem. | 2010-12-13 | |
| DON'T BUY | 42.030 | Karl Berger | Has not felt there was an opportunity in the last 6 months based on their challenges. Too risky for his style of investing. | 2010-11-19 | |
| DON'T BUY | 43.530 | Norman Levine | A damaged company and probably undervalued here. The liability is still pretty open-ended and will be for quite some time. There are so many better oils that don’t have their problems. | 2010-11-09 | |
| DON'T BUY | 43.790 | John Zechner | If you are bullish on oil, there are plenty of in there names. You would be throwing a number of other risks onto the investment that you don’t need. Prefers Transocean if you want to play the gulf | 2010-11-05 | |
| DON'T BUY | 39.290 | David Burrows | He tries not to buy broken companies hoping that they will get fixed. He prefers companies that are good and are getting better and that have the fundamental characteristics and numbers that support this and that the market supports it as well. | 2010-09-28 | |
| DON'T BUY | 38.710 | Christine Poole | Wants more clarity on how the whole situation in the Gulf will unfold. There will be more reports in December and into next year. | 2010-09-27 | |
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| TOP PICK | 38.590 | John Stephenson | Controversial but thinks it's time. Basic company and thesis remains intact. Some of the best oil/gas leases anywhere in the world. Will increasingly be a “go to” name. Can see 35%-40% upside. | 2010-09-21 | |
| DON'T BUY | 38.180 | Ara Nalbandian | Since the spill, stock has recovered significantly partially because of oil prices. Situation will continue to have an overhang. Company is selling off about $30 billion in assets to pay for their liability but that could go up to 45 billion in the case of gross negligence. | 2010-09-15 | |
| DON'T BUY | 38.020 | John Zechner | There is risk in the stock market, risk in oil prices and oil stocks are cheap, so why throw the additional risk of litigation on top of this. | 2010-09-09 | |
| DON'T BUY | 38.370 | Don Lato | Cheaply valued but would avoid until controversy is well behind them. Safer way to play this area would be the rig operator, Transocean (RIG-N). | 2010-09-08 | |
| Comment | 38.370 | Ron Meisels | Had a dead cat bounce because it sold off so tremendously and then people thought it had been oversold giving it a bounce followed by a correction. Thinks there is a little bit more on the upside, maybe towards $44. Use of $34 stop loss. For traders only at this stage. | 2010-09-08 | |
| DON'T BUY | 37.190 | Norman Levine | It’s tough enough in non-controversial oil companies. Adding the controversy is a layer he doesn’t need. | 2010-09-07 | |
| TOP PICK | 34.830 | John Stephenson | You’re sitting listening to all the headline risk. With the US court system, it will be years, probably 12. Thinks risks are overblown. Gulf of Mexico is only 10% of cash flow. There’s been no impact on aggregate cash flow to Gulf Coast businesses from the spill. They have been flat year over year. BP are strong fundamentally. This is one of the great energy companies. | 2010-08-31 | |
| DON'T BUY | 40.680 | David Baskin | The legal system in the US can have completely incalculably consequences. If they are found grossly negligent, every fisherman in the Gulf will sue them. | 2010-08-05 | |
| DON'T BUY | 40.680 | Brooke Thackray | We are only up to 2009 levels. There is a huge liability risk. We are talking about the States so there is no way to estimate the liability. | 2010-08-05 | |
| DON'T BUY | 38.000 | Colin Stewart | Equity market overreacted and the stock sold off more than would be justified by the potential economic loss. Difficult to assess the political risk in the US. | 2010-07-27 | |
| DON'T BUY | 38.650 | Christine Poole | This is a tricky one. They generate a lot of cash so expect they can manage even with the fund they have put aside for the Gulf disaster. The bigger question is what are they eventually going to have to pay out. Not a prudent investment. Too early. | 2010-07-26 | |
| DON'T BUY | 36.860 | John Zechner | On the basis of earnings it is trading a little bit cheaper than the rest of the group. All oil stocks have gotten cheap lately. Wouldn't own this one. | 2010-07-23 | |
| WAIT | 35.200 | Barry Schwartz | If containment cap holds and seabed is ok, not seeping, then it is a screaming buy. Wait until things have been contained. | 2010-07-20 | |
| DON'T BUY | 36.180 | Gordon Reid | The culpability of any financial and environmental responsibility will rest with them. This is a huge unknown. | 2010-07-14 | |
| DON'T BUY | 36.880 | Benj Gallander | (Market Call Minute) You have to be gutsy. Too expensive for him. High risk. | 2010-07-13 | |
| WATCH | 28.740 | Paul Harris, CFA | Stock will move based on a lot of the news around it. Did the right thing by not paying their dividends. Think they will pay out less on the Gulf spill than people expect and will take them a longer time than people expect. Once the bashing by the US government stops, the stock will probably base here and probably go up. | 2010-06-24 | |
| Comment | 31.850 | Randy LeClair | Bonds. Doesn't follow this one closely but with common share dividends being suspended for 3 quarters, this gives more protection to the bonds. Believes they have held their credit rating so far. If you want some risk in your portfolio, this is probably a solid player that will come back. | 2010-06-16 | |
| DON'T BUY | 31.400 | Brett Hryb | A really challenging stock. Cash flow generation and earnings ex the Gulf is great and is more than enough right now is more than enough to cover expected expenses of the spill. However, headline risks continue to accelerate. Would be extremely cautious. | 2010-06-15 | |
| Comment | 30.670 | Barry Schwartz | Not an investor's stock, a traders stock. A smart idea would be to buy some options on it. | 2010-06-14 | |
| Comment | 30.670 | Richard Croft | 130% of implied volatility indicating they could go bankrupt. January $30 Calls were trading at $6.85 and Puts at $6.60, a 7 month option, which adds up to $13.45. So trading range between now and January is somewhere between $43 on the upside and $17 on the downside. This range is the risk. Will they be available to afford the cleanup? If you think they will survive, look at Covered Calls. A July Call now is about $4 giving you downside protection to $26.67. Alternatively you could buy a Straddle | 2010-06-14 | |
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| DON'T BUY | 32.780 | Eric Nuttall | Fell 15% yesterday and bounced 12 today. BP has been destroyed. It’s at about 4.5 times earnings and assumes a dividend cut. BP is responsible for 1 in 8 dollars of dividends handed out in the UK. Hearing they could declare bankruptcy in the next month but he thinks it is unlikely. It’s just a day trader’s paradise. Could rebound 10-20% when they complete the relief wells. | 2010-06-10 | |
| SELL | 29.200 | Jeff Parent B. Eng. FCSI | May 27th there was a 7% rally. It does not look like a good chart. It doesn’t look like there is a bottom. Don’t try to get in at the bottom. When it opens significantly lower than the previous day's close, that is very negative. | 2010-06-09 | |
| DON'T BUY | 34.678 | Benj Gallander | Gulf disaster wont be the nail in the coffin. 1/7th of dividends in FTSE-100 was from BP. He likes to see stability before he buys in. Doesn’t think company will die. If it got below $25 he would be interested. | 2010-06-08 | |
| STRONG BUY | 42.950 | John Stephenson | Huge environmental disaster and total liabilities could stretch into the billions but this is where it creates opportunity. | 2010-05-28 | |
| BUY on WEAKNESS | 45.270 | Paul Harris, CFA | (Market Call Minute.) Have taken off $25 billion of market cap, which is far more than what it will cost them. Yields 6% with a PE of 6 or 7. | 2010-05-19 | |
| DON'T BUY | 45.380 | Ron Meisels | Don’t go bargain hunting when it reacted to this kind of bad news. Don’t be there - get out. | 2010-05-18 | |
| Comment | 50.990 | Norman Levine | Typically when there is a disaster, like the oil spill, the market sells first and asks questions later and tends to overdo it on the down side. Not sure if this is at the bottom or not. Has come up on his radar. Great dividend. | 2010-05-05 | |
| DON'T BUY | 57.230 | Barry Schwartz | Have a big problem in that reserves are dwindling and they need to make some significant acquisitions. Would prefer Canadian Natural Resources (CNQ-T) or Suncor (SU-T) where he can see the reserves and they will be growing over time. | 2010-03-24 | |
| DON'T BUY | 54.240 | David Baskin | (Market Call Minute.) Has some really concerns about their aging infrastructure. Requires major investments | 2009-09-23 | |
| BUY | 51.880 | Norman Levine | Good value with international diversification. | 2009-08-24 | |
| BUY | 46.134 | Norman Levine | Starting to warm up to this. When things are speculative as they have been lately, you will get your biggest move in your pure producers. Later on big international integrateds, like this one, will start to catch up. Good for a long-term investor. 7.3% yield. | 2009-05-06 | |
| BUY | 39.400 | Michael Yoshikami | Dividends in the energy sector are pretty resilient and are likely to stick around. Oil in the next 3 or 4 years is likely going to be higher. | 2009-03-20 | |
| BUY | 47.750 | Norman Levine | Hasn’t owned for some time because they were disappointing in finding reserves. Stock has come off so much that is probably due for a short-term rally. Oil price looks like it has been overdone in the near term. Wouldn't look beyond 3 months. | 2008-12-15 | |
| TOP PICK | 47.270 | Jim Hardesty | Excellent valuation with the dividend being greater than the P/E. Will be able to earn $9 per share. Dealt very well with the Russians. Method they use to produce oil in the former Soviet Union is to accelerate cash flow allowing production at maximization of cash flow. 7.5% yield. Good reserves. | 2008-10-21 | |
| BUY | 44.420 | Charles Bobrinskoy | Has been oversold, but don’t tie up too much of your portfolio in oil. | 2008-10-07 | |
| BUY | 61.440 | John O'Connell, CFA | Great yield and a lot of resource. Struggling recently because of management changes. Has exposure to a lot of different areas in the world for energy production. Be aware of potential political risks. | 2008-07-31 | |
| BUY | 69.200 | David Burrows | This fits his multinational theme that he is looking for. Stock has under performed a little bit recently. Would not have problems with this one. | 2007-10-04 | |
| DON'T BUY | 67.320 | Norman Levine | Has been a very poorly run company. Poor management and poor results. | 2007-05-01 | |
| Comment | 65.220 | Jim O'Shaughnessy | Classic example of a monster company that tends to pay an above average dividend yield. Also very attractive when they are doing any buyback activity. Use net buyback activity and dividend yield and if it scores high in large-cap stocks, it's a good time to buy. | 2007-01-23 | |
| BUY | 70.220 | John Stephenson | Has had some problems because of its Texas City refinery disaster and now the Prudoe Bay partial shutdown. A great company with worldwide assets and capital efficient spending. | 2006-08-21 | |
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| BUY | 65.420 | Norman Levine | This will give you good international exposure. Feels that oil is in a long term uptrend and keeping this in mind this is a time you should be adding in. | 2005-10-25 | |
| BUY | 63.900 | Norman Levine | Positive on the price of energy, including oil, gas, uranium, etc. The demand is not going away and there are supply constraints. Very important to have exposure to this sector. This is a good international play. | 2005-02-23 | |
| PAST TOP PICK | 58.480 | Norman Levine | (A Top Pick Aug 27/04. Up 10%.) Still likes. One of the best oil companies in the world. | 2004-10-27 | |
| TOP PICK | 53.650 | Norman Levine | This is one of the largest oil company in the world. There has been an increase dividend this year. The company has great management. | 2004-08-27 | |
| TOP PICK | 53.840 | Robert Stovall | Feels that oils are going to lead in earnings growth. | 2004-08-13 | |
| BUY | 42.780 | John Stephenson | Very good company. Have done a joint venture with a large Russian oil producer. A strong growth strategy. | 2003-10-02 | |
| BUY | 40.080 | John Stephenson | Good capital discipline. Great assets. Well managed. Diverse asset base. Preference is Exxon, #1, BP #2 and Royal Dutch #3. | 2003-05-09 | |
| BUY | 40.500 | John Stephenson | Missed on their production, but well positioned going forward. | 2002-12-30 | |
| TOP PICK | 53.370 | Jeff Morrison | Strong profile in exploration/production. Strong balance sheet. | 2001-06-12 |