| Comment | 13.450 | Peter Brieger | Just acquired Titan Exploration. Being acquired by Penn West Energy (PWT.UN-T). Recommends that you roll your positions into this company, as it is a great long-term play. | 2008-01-11 | |
| HOLD | 13.290 | Peter Brieger | Being acquired by Penn West Energy (PWT.UN-T). He will take shares rather than cash. Looking out 3 to 4 years, he likes oil and gas. Merged company will have 2 advantages. 1) Tax pools will probably defer any taxes to be paid out on until 2013/2014 and 2) It may be converted back to a corporation and will be a major challenge to other large caps. | 2007-12-28 | |
| HOLD | 13.890 | Michael Smedley | Merging with Penn West (PWT.UN-T). Would sit tight as you will gain some $’s. Nice payout. | 2007-12-12 | |
| HOLD | 13.740 | Peter Brieger | Merging with Penn West. He owns Canetic, but not Penn West (PWT.UN-T) and recognizes that this will be a different story, but he is staying with this. Penn West will not be paying taxes anytime soon because of their tax pools. Likes management. | 2007-12-11 | |
| Comment | 13.860 | David Cockfield | Merging with Penn West Energy (PWT.UN-T). Penn West is one of the better companies and has a huge supply of undeveloped land. These mergers are very positive, as there is economy of scale. | 2007-12-07 | |
| HOLD | 15.000 | Peter Brieger | Being acquired by Penn West (PWT.UN-T). Good acquisition as it gives critical mass of 2000 barrels a day production, capacity to absorb other income trusts and/or oil/gas exploration companies. Also gives them leverage to expand not only outside of Alberta, but into the US. Would wait for the merger to take position before buying Penn West. | 2007-11-06 | |
| HOLD | 15.270 | Patrick Kim | Merging with Penn West (PWT.UN-T). If you own the, you will be in a better position as they had been under a lot of pressure. You will also get more visibility, particularly in the US. | 2007-11-02 | |
| DON'T BUY | 15.080 | Michele Robitaille | Some concerns about their longer term sustainability. In a bit of a “show me” mode. Made a number of acquisitions leading up to the point where the government changed the rules last year and are going through a bit of an integration mode. Questions if they have deep enough technical focus and drilling inventory. Have a strong US ownership base, so could consider changing to the US. | 2007-10-03 | |
| HOLD | 14.680 | Peter Brieger | An excellent company going forward. Be prepared for cuts in distributions. | 2007-08-28 | |
| DON'T BUY | 14.890 | Michele Robitaille | A bit of a “show me” story. 2nd quarter numbers have come in quite strongly. Their capital program is quite significant this year with acquisitions and getting their production on track. Prefers others. | 2007-08-23 | |
| SELL | 15.070 | John Stephenson | Got the reputation of being an active acquirer and hasn't shaken that reputation yet. Probably better off in a more stable name with less risk of downside. | 2007-08-08 | |
| Comment | 17.050 | Ben Cheng | Have fairly decent assets. Feels the market is discounting too much of an effect on cash flows post 2011. Market is forecasting a 31.5% tax rate and he feels it will be closer to 9%. | 2007-07-23 | |
| Comment | 17.190 | Michael Simpson, CFA | About 55% oil/45% natural gas. Have had some production mishaps. Has grown rapidly, primarily through acquisitions. Debt levels are a bit high. Good management. | 2007-07-04 | |
| SELL | 17.070 | Michele Robitaille | Have had problems. Many acquisitions, so too much growth too quickly.
| 2007-06-11 | |
| DON'T BUY | 17.390 | Bruce Campbell | He had it but sold, because he felt the company would have difficult time maintaining their distribution, and maintaining their production.
Looks a bit better lately, but still something he wouldn't own. | 2007-06-05 | |
| Comment | 16.600 | Ben Cheng | Has been dropping since last year. Now represents decent value. Staffing problems have been alleviated. Has a good portfolio of oil/gas properties. Will probably be a consolidator, which could involve issuing more stock. | 2007-05-29 | |
| Comment | 16.130 | Bill Carrigan | Most stocks in this sector have done the same thing. They have formed a bottom and have a higher low. This tells him that the downtrend is over. | 2007-05-15 | |
| HOLD | 15.080 | Peter Brieger | One of the big ones, mainly oil, once rules are finally put into print, they will benefit by acquiring companies. They won't be buying more until rules are firmed up. | 2007-05-02 | |
| HOLD | 14.850 | John Stephenson | A decent stock. Has grown very rapidly through acquisitions, which creates integration issues. Feels that management is still focused on acquisitions rather than developing and holding on to what they have. | 2007-04-30 | |
| Comment | 15.150 | Peter Brieger | Very interesting story. One of the big five. With the tax pools they have, there will be little if any taxes to be paid. He is not doing anything on oil/gas trusts until the rules on taxation are clearer. | 2007-04-18 | |
| HOLD | 15.180 | Sandy McIntyre | Would like to see them get another couple of quarters of stabilized production to show that they are effectively consolidating. | 2007-04-13 | |
| WATCH | 15.120 | Glenn MacNeill, P.Eng. | In the midst of a turnaround. Had some management changes. Reducing their debt. Have interesting properties that they can develop. A “show me” story. | 2007-04-04 | |
| Comment | 15.120 | Peter Brieger | Looking for a fairly heavy cut in distributions. Well-run company. This is one of the companies he would look at once he decided to buy. | 2007-04-04 | |
| DON'T BUY | 15.520 | Michele Robitaille | Have grown very quickly and, as a result, there are some integration issues. Unclear if they can put themselves into the sustainability model. | 2007-03-23 | |
| WATCH | 14.920 | Michael Simpson, CFA | About evenly split between oil and gas. Payout ratio of about 75%. Have concerns about their ability to continue to meet production forecasts. Price looks enticing. | 2007-03-20 | |
| DON'T BUY | 14.640 | Ben Cheng | Not sure things are going to work out well going forward. A lot of mergers and transactions within the company, so management has to deal with problems of the day rather than the future. COO has left the company, leading a very stretched management team. | 2007-03-02 | |
| WATCH | 15.130 | Michael Simpson, CFA | Looks cheap on a price/cash flow multiple and other measures. Missed their production the last couple of quarters. Have also lost a few key technical people. He'll monitor this one very closely over the next several quarters. | 2007-02-23 | |
| DON'T BUY | 15.130 | Patrick Kim | Royalty trust space has had a very rough 4 months. Has a fairly diverse portfolio. A fair bit of debt. Reserve life is a little shorter than average. | 2007-02-22 | |
| BUY | 14.780 | Chyanne Fickes | Has been beaten up quite badly. At this point, it's probably not a bad buy. | 2007-02-06 | |
| BUY | 15.250 | Patrick Kim | Looks fairly attractive on a valuation basis. Leveraged to natural gas. | 2007-01-26 | |
| SELL | 15.230 | John O'Connell, CFA | Oil/gas trust with about a 15% yield. Market is betting that the distributions are not going to be sustainable. | 2007-01-25 | |
| SELL | 15.100 | Robert Lauzon | With the new government rules, its model no longer works. It grew by acquisition. Too much debt for him. Has been selling off his holdings for the last six months. | 2007-01-22 | |
| HOLD | 15.090 | Michael Decter | Recently had a 17% distribution cut. Well run by solid oil/gas people. Have always been prudent. Never paid out more than 100%. | 2007-01-18 | |
| SELL | 15.090 | Robert Toole | This one is right in the middle of its peer group in terms of payout ratio and its yield of about 14/15 percent. There is risk of continued further cuts. | 2007-01-18 | |
| SELL | 15.080 | Glenn MacNeill, P.Eng. | Payout ratios are quite high and he expects a potential decline in distributions over the next six months. | 2007-01-16 | |
| SELL | 15.410 | John Stephenson | Relatively decent trust but I lower reserve life index. 17% yield. Would consider switching out of this one. | 2007-01-05 | |
| WAIT | 16.440 | Sandy McIntyre | Bought about $3 billion in assets over the last year and there’s a little bit of stress in execution and they haven’t been hitting their production numbers. Sometime in the next 6 months, this will be back on his Buy list. | 2006-12-29 | |
| WAIT | 16.440 | Peter Brieger | Price to cash flow is quite reasonable. Sells fairly close to its book value. Before buying more, would like to see how the income trust picture plays out. | 2006-12-29 | |
| DON'T BUY | 16.250 | Michele Robitaille | Sold out of her portfolio as it is less certain where it is going to fall. Had been very aggressive on acquisitions in the last couple of years without significant tax benefits. Development is less limited. | 2006-12-15 | |
| SELL | 16.790 | Robert Lauzon | A lot of US investors are buying this name. Not his favourite royalty trust. With consider selling on this current strength. Constructive on oil/gas. Consider moving to Arc Energy (AET.UN-T) or Canadian Oil Sands (COS.UN-T). | 2006-11-24 | |
| DON'T BUY | 15.200 | John Stephenson | Reserve life is a little on the low side and you might want to lighten up in a rally. Production misses have plagued them. Decent size. | 2006-11-16 | |
| DON'T BUY | 15.070 | Bruce Campbell | This is the major trust that he sold. The bigger trusts, that are set up to just pay distributions and have low growth assets, are probably not the ones you want. | 2006-11-15 | |
| HOLD | 15.000 | Glenn MacNeill, P.Eng. | Had a couple of issues, 1) the tax situation and 2) 3rd Q results were disappointing. Well managed. | 2006-11-10 | |
| DON'T BUY | 16.250 | Michael Simpson, CFA | Have grown through acquisitions. Saw some key people leave on the operations side which is key to running any successful oil/gas business. Looks cheap on paper, but would like to see them integrate their acquisitions. | 2006-11-03 | |
| SELL | 17.000 | Patrick Kim | Not a core holding that you need in this type of market. Would suggest you reduce your holdings. There are better ones out there. | 2006-11-01 | |
| BUY | 20.100 | Kevin Hall BComm, CFA | Has been a lagging performer. Valuation is pretty compelling. | 2006-10-27 | |
| BUY | 20.100 | Robert Toole | Trading at a 13% yield. Payout ratio is a little bit less than average. | 2006-10-27 | |
| HOLD | 18.890 | Robert Lauzon | Has made some substantial acquisitions so is lagging. | 2006-10-20 | |
| DON'T BUY | 17.200 | John O'Connell, CFA | Has been very aggressive in its acquisition strategy. Would be cautious on income trusts right now. There could be a lot of distribution cuts if energy prices continue to drop. | 2006-10-03 | |
| VAGUE | 18.550 | Peter Brieger | May not be able to sustain distribution. Some risk involved, if oil prices go down to $50. | 2006-09-26 | |
| BUY | 23.080 | Garth Jestley | Good management team. Have been successful in integrating their acquisitions. | 2006-08-11 | |
| HOLD | 22.980 | Bruce Campbell | Fully valued at $23. A good long-term hold, but one of those trusts of size that will have trouble growing. If you have a 10% outlook on it, you are a fine. | 2006-08-10 | |
| BUY | 22.420 | Patrick Kim | Have good support for their distributions. Gone through a major company transforming acquisition recently. There will be a better balance in terms of oil and gas. Trades at a reasonable valuation compared to its peers as it is a kind of “show me” name now. | 2006-08-04 | |
| BUY | 22.420 | David Chapman | From a technical perspective, it has made quite a flat line. If he could buy at this price and it didn't change, but his distributions also didn't change, he would be happy. | 2006-08-04 | |
| WAIT | 22.850 | Sandy McIntyre | There has been a bounce in all the energy stocks over the last couple of weeks. Would prefer to buy this at a lower price. | 2006-07-28 | |
| WEAK BUY | 23.330 | Bruce Campbell | Resulted from a merger of two smaller trusts. This has created a much larger trust so will be a much slower grower. About 50/50 oil and gas. Well diversified geographically. Okay if you want the 10% yield. | 2006-07-27 | |
| WEAK BUY | 22.740 | Ravi Sood | Not near the top of his list in terms of oil/gas trusts. | 2006-07-21 | |
| WEAK BUY | 22.550 | Bruce Campbell | Roughly 50% gas and 50% oil. It has become kind of a maintenance trust. Unlikely to grow a lot more from here and you will probably just get your distribution. If you're looking for growth, you have to go smaller. | 2006-07-05 | |
| HOLD | 22.000 | Dean Orrico | Just completed its acquisition of Starpoint. Basically, it is an aggregation of a bunch of different companies and assets. Would like to see how they integrate these assets before buying. | 2006-06-23 | |
| BUY on WEAKNESS | 21.850 | Glenn MacNeill, P.Eng. | Reasonably good value. High quality management. | 2006-06-16 | |
| BUY | 24.120 | Michael Simpson, CFA | An oil/gas trust. Very strong management. Quite large at about 75,000 BOE’s a day. Conservative payout ratio. | 2006-06-01 | |
| DON'T BUY | 24.180 | Bruce Campbell | The range to trade is probably between $22 and $24. Near the top of its range and can’t see a lot more growth because of its size. | 2006-05-31 | |
| BUY | 22.650 | Ben Cheng | Have done a wonderful job integrating the two firms. Have some very good prospects on the drilling front. Undervalued. | 2006-05-19 | |
| HOLD | 23.210 | Kevin Hall BComm, CFA | The result of a recent merger between 2 big trusts. This creates some uncertainty with integration issues. He thinks they will be okay. Have lagged in terms of performance and offers good value today. | 2006-05-05 | |
| HOLD | 24.610 | Michele Robitaille | Technical staff is very strong and have a good track record. None of the oil/gas names are particularly cheap and would be cautious about putting too much money into it. | 2006-04-26 | |
| PAST TOP PICK | 24.810 | Glenn MacNeill, P.Eng. | (A Top Pick Jan 18/06. Up 5%.) Well run. Hasn't performed as well as he had hoped. Still likes. | 2006-04-13 | |
| BUY | 24.310 | Robert Lauzon | Likes this one. | 2006-04-07 | |
| BUY | 24.200 | Michael Simpson, CFA | Good valuation. Cheaper compared to some of its senior peers. Good management. | 2006-03-31 | |
| WAIT | 24.100 | Michele Robitaille | Canetic Resources was created as the result of the merger of Acclaim Energy Trust and StarPoint in early 06. They are engaged in the development and acquisition of oil and natural gas reserves in W. Canada. There is some intergration risk. It is a name with a slightly higher risk profile over the next 6-12 months. Concerned about the integration and the operating side. | 2006-03-17 | |
| BUY | 22.410 | Robert Lauzon | Has been trading sideways. Expects a rebound in price in 3-4 weeks. Good time to buy. Hold if you own. | 2006-03-01 | |
| BUY | 23.570 | Kevin Hall BComm, CFA | Good management. Decent value at this level. | 2006-02-17 | |
| BUY | 23.060 | Ravi Sood | Near the top of the list in sustainability of distributions. Have an excellent reserve life. If you want exposure to oil/gas, this is a “go to” name. Feels it has 10% upside this year. As it gets more exposure to US investors, you'll see more upside. | 2006-02-10 | |
| BUY | 23.700 | Michele Robitaille | Integration risk. Stable trust. | 2006-02-08 | |
| HOLD | 24.350 | Dean Orrico | There is a bit of integration risk because of all the acquisitions made prior to this trust being created. This will be the 2nd largest oil/gas income trust. They will have a US listing which is positive. The valuation is decent. | 2006-02-03 | |
| BUY | 23.850 | Greg Guichon | This was the result of a merger of two trusts. They owned both. Excellent management. Working towards a US listing in February which will give it a higher valuation. About 11% yield. Payout ratio will be about 65/70%. | 2006-01-20 | |
| TOP PICK | 23.630 | Glenn MacNeill, P.Eng. | This is the result of a merger between Acclaim Energy and Starpoint Energy. Very good management. Have some really good prospects in front of them. | 2006-01-18 | |
| SELL | 24.000 | Peter Brieger | Formed from the merger of Acclaim and Tri Star. He would be inclined to stick with the Tri Star, exercise the warrants and sell everything else. | 2006-01-16 | |
| WAIT | 23.950 | Patrick Kim | This trust is a result of a merger between Startpoint Energy Trust and Acclaim Energy Trust. There is a lot of momentum behind this name. It is very popular right now. Their underlying assets are a bit more aggressive than some of the other large caps. Their reserve life is below average. A bit of a " wait-and-see" story. | 2006-01-13 | |
Experts that have talked about Canetic Resources Trust
Rss Top Picks Feed
