STOCKCHASE

(A Top Pick June 30/11. Up 9.97%.) Acquired by Sinopec Dec 2011.

2012-05-04

PAST TOP PICK

10.070

(Top Pick Mar 14/11, Up 1.71%) Acquired.

2012-03-22

PAST TOP PICK

10.070

(A Top Pick March 14/11. Up 1.71%.)

2012-02-29

Comment

10.070

David Cockfield

Not one of his favourites. He prefers some of the bigger names.

2012-02-17

PAST TOP PICK

10.070

(Top Pick Jan 27/11, Up 7.62%) was taken out by a Chinese company. Didn’t predict it but clearly it was the smallest of the group. There will be more of a trend of this happening.

2012-01-25

PAST TOP PICK

0.010

(A Top Pick Dec 16/10. Up 6.44%.) This one is being taken out.

2011-12-22

PAST TOP PICK

9.950

(A Top Pick Dec 15/10. Up 6.76%.) Was taken out.

2011-12-16

SELL

9.890

Being acquired by Sinopec International. He has tendered his holdings. When is a bid on the table and not likely to have counter bid, take the money and run.

2011-11-03

SELL

9.750

Stock shot up when Sinopec Int made an offer to purchase at $10.08. If you own, he would suggest you take your money and run. There are still some regulatory hurdles.

2011-10-13

SELL

9.710

Christine Poole

Long time shareholders but she sold yesterday. Felt the price being paid was fair. Not anticipating another buyer.

2011-10-12

Comment

9.640

Brian Acker, CA

On July 8, he had this as a Sell with a model price of $4.55. The stock went down to $4.40. Just had a big takeover offer from Petro China.

2011-10-11

DON'T BUY

4.670

Michele Robitaille

Very high leverage compared to the rest at 2.3 times. Dividend probably not be sustainable. 70% drawn on their bank facility. If you want some gas exposure there are better places to be.

2011-10-06

BUY

4.580

Taking the past peak price of oil, $40 in 1980, and inflating it at 2.5%, you would have a price of $88. Feels that oil is undervalued. Daylight is doing all the right things fundamentally, however the complaint is too much debt relative to the amount it wants to spend on development, lands, acquisitions, etc. He disagrees with this and remains a staunch buyer. Could be a cut in distribution.

2011-10-04

DON'T BUY

4.960

Ron Meisels

The stock is way oversold and could go lower before going higher. Even fell below its 2009 low, which is very negative. The only good thing is that there is going to be some kind of a recovery one of these days. If you own, use the next rally to Sell.

2011-10-03

TOP PICK

5.300

Incredible yield of about 12% right now. Some concerns about the debt. About 15% left on the line and he is confident they can renegotiate. Very cheap. Well-managed.

2011-09-30

DON'T BUY

5.300

Bill Carrigan

Current low is an important one and matches the one in 2009. Chart shows the stock has been in trouble for a while. Market clearly does not like this one.

2011-09-30

DON'T BUY

5.250

Alice Tsang

Not a favourite of hers, mainly because they have more natural gas than oil. Good management. She would go to an oil levered name.

2011-09-29

HOLD

5.470

Hap (Robert) Sneddon FCSI

Dividend is reasonably safe. If you want to enter a former royalty trust you could buy Arc or Baytex. This may not be the time in the cycle you want to aggressively get into it.

2011-09-28

HOLD

6.210

At this point your risk/reward is so good, it might be the kind of investment he would like to buy. Coming back to a multi year low. Hang on with stop around 20% from here.

2011-09-21

HOLD

6.740

Well-managed company in the oil patch. Projected cash flow could be around $1.50 or better. Looks fairly compelling at this price. Sufficient cash flow to continue paying the distribution.

2011-09-20

Comment

7.010

About 60% gas weighted. Balance sheet is a bit stretched and they may have to raise equity or do a high yield debt issue Some of their oil plays haven’t gone as well as they would have liked.

2011-09-15

WAIT

6.880

Joanne A. Hruska, CFA

Similar to NAE. Sold it in recent months due to debt levels. Yield may not be as safe. They have a lot of interesting plays. Watch for another quarter or two.

2011-09-12

PAST TOP PICK

6.880

(Top Pick Sep 13/10, Down 25.38%) It’s down 21% in the last 7 or 8 weeks. It’s unfortunate. They try to tease the market with new plays. They aren’t concentrated on any one play. Debt levels are creeping up. You get yield and some growth as Nat Gas prices go up.

2011-09-12

HOLD

7.130

Oil is up or down $2-$3 each day and a lot of the oil companies, including oil/gas service companies, are not doing so well. Good management. Good dividend.

2011-09-09

BUY

7.750

Douglas Kee

Used to be a trust and has a high yield of 8%. Payout ratio is in the high 80s. A call on this would be a call on where energy prices are going to be. He is long-term positive on energy prices.

2011-08-29

BUY

7.740

Another good example of a good oil and gas company that has come down in value. Yield over 9%. Good properties, in the cardium. Payout relatively secure. Good line of properties to drill. Over last year or two he has been watching it and it getting to a point where he is very close to buying it himself.

2011-08-23

Comment

7.570

Jeff Parent B. Eng. FCSI

Fundamentally it looks good. He is sticking his neck out by saying it might be a buying opportunity. Sees the low at $7.36. You might get a $.30-$.40 rally. You can buy, but don't have big expectations.

2011-08-22

DON'T BUY

7.650

David Cockfield

Well managed, but too much gas. Have some gas liquids and light oil but he is shying away from anything with gas in it. Yield's not bad.

2011-08-19

BUY

7.650

Junior-midsize oils, particularly the gas mixed companies in southern Saskatchewan and Alberta have been decimated. Good valuation.

2011-08-19

TOP PICK

7.740

Midsize exploration and production company in Alberta. Just bought 130,000 rights to drill a new level in a deep zone called Duvernay in the Pembina area.

2011-08-18

PAST TOP PICK

7.560

(A Top Pick June 10/10. Down 15.58%.)

2011-08-10

BUY

9.060

Christine Poole

55%-45% gas to crude. Have been announcing some favourable discovery results in some of their wells. Very nice yield at close to 6%. Attractive entry point at this level.

2011-08-02

TOP PICK

9.680

(A Top Pick July 14/10. Up 15.17%.) Natural gas oriented. Hit a big well in the Montney area, producing ample liquids along with natural gas. Have 160 drilling locations here. Expected to produce 8000 BOE's a day over and above current 40,000 in 18 months. Target of $13.

2011-07-20

BUY

8.990

Likes it and thinks we will see some production growth in the second half.

2011-07-18

HOLD

9.040

Ben Cheng

There are several good things happening here. Appetite for risk has pulled back substantially, so good companies like this have pulled back even though the commodity prices have held in well. Worth substantially more than what it is trading at now.

2011-07-14

HOLD

9.030

Jim Huang

Pretty high dividend payout after converting from a trust. Good package of assets that is balanced in liquids and natural gas. Good management. Operational results still need some improvement, which will take time.

2011-07-13

HOLD

8.980

Bruce Campbell

Energy group has been the worst group since March. Pipeline has done well. To switch would be selling low and buying high. The trade is ok but the timing is not right.

2011-07-12

BUY

9.340

Likes this company. Well-established. An up-and-coming potential senior E&P company. Yield of about 6.4%.

2011-07-08

SELL

9.340

Brian Acker, CA

His model price is $4.55. Dividend of 6.42%. Slated to make no money but to lose five cents this year and $.20 in 2012. This company has failed his solvency test.

2011-07-08

TOP PICK

9.350

In revenues it is about 50% oil and 50% gas. Reserves are growing nicely and pretty well managed. Stock had a big pullback so it's a great entry point. 6.5% yield.

2011-06-30

BUY

9.810

A good solid name. Dividend is safe. Reasonable upside by holding it.

2011-06-06

TOP PICK

9.810

(A Top Pick June 15/10. Up 3.15%.) Had expected a larger gain on this one. 60% in natural gas and the poor prices did it in. 6% yield. Well placed in the deep basin which is prolific in terms of liquefied natural gas.

2011-06-02

HOLD

9.880

Ron Meisels

Did very well through 2009 but right now is in a horizontal trading range. The best time to buy is when it breaks out of the trading range into $11.50-$12.

2011-05-30

PAST TOP PICK

10.590

(A Top Pick Sept 13/10. Up 11.98%.) Good story. In the sweet spot of the deep basin where there are a lot of good economics on liquid rich gas. Have done some oil acquisitions. Safe dividend. Worth $13-$15.

2011-05-09

BUY

10.590

Long term outlook is stellar. Good production mix between gas and oil so they can toggle their spending between the two as market conditions dictate. Significant gas inventory if there is a rebound in gas.

2011-05-04

BUY on WEAKNESS

11.060

Has the potential of becoming one of the premier E&P large cap companies. In cardium gas as well. Yields about 5.5%. Interesting one to hold. Would buy in the low $10’s.

2011-04-27

BUY

10.480

Likes this one and is looking fairly attractive. Have had some impressive results lately in the Cardium play in Pembina. Over 5.5% yield.

2011-04-19

DON'T BUY

10.620

Ross Healy

Scares him a little. Balance sheet numbers are kind of falling away. Stock has been doing well in the market but fundamentals underneath it do not justify it.

2011-04-15

Comment

10.790

Eric Nuttall

If you are looking to clip a coupon, it’s probably not bad. Their production rate is to a point where he thinks they are challenged to grow production.

2011-04-13

BUY

11.010

Likes it. A light oil play. You get gas and light oil byproducts. He likes it in here. Comfortable with growth potential. Balance sheet is a bit more stretched than some of their competitors.

2011-03-29

TOP PICK

10.310

(Top Pick Mar 12/10, Up 0.09%) Likes natural gas liquids part of this company. It’s very profitable. With increased technology in horizontal drilling and two very astute acquisitions, they have built up their inventory of drilling sites substantially. Thinks it is the cheapest of the bunch.

2011-03-14

WAIT

10.350

Prakash Hariharan

They need to get their act together in terms of production profile and they need to get their credit situation in better shape. He would hold off for a bit before buying. Prefers gas companies that are more exploratory in nature.

2011-03-09

HOLD

11.100

About 50-50 on oil and natural gas. Currently their capital spending is directed towards oil. Payout ration is about 40%. Expect with current oil prices they’ll be able to sustain the dividend.

2011-03-04

BUY

11.100

Valuation in previously income trusts is better than the juniors, which had a hack of a run. Daylight is transitioning from gas to oil. Management is well regarded and dividend is safe. 5.4%

2011-03-04

BUY

10.150

Fairly balanced producer of oil and natural gas but will have more exposure to liquids seeing where natural gas prices are. Pays a nice little dividend. One of the earlier players in the Cardium.

2011-02-14

Comment

10.130

Eric Nuttall

Producing around 48 to 50 thousand BOEs a day with about 50/50 gas and oil. If you are looking for capital appreciation he feels it is muted at about 10% appreciation. Good suite of assets.

2011-02-09

TOP PICK

9.790

Great natural gas/oil play in Alberta. Focused mainly in the natural gas liquid area of the west central basin as well as the Pembina. Also have a dry natural gas area in Elmsworth.

2011-01-27

BUY

9.790

Relatively small but have made great progress. Made some very good reserve additions of long life assets. Good yield of 6+.

2011-01-14

BUY

9.660

Oily focused. He’s a little more bullish on natural gas so he won’t over weight this one. 6.10% yield. Expects oil prices will remain strong so expects good growth. Looking for 10%-12% return.

2011-01-13

WEAK BUY

10.120

Douglas Kee

Low capitalization stock, descent yield of about 6%, which they have already cut. Just converted to a corp. Have tax pool to 2012 or 2013. Have some growth, unlike some of these companies.

2010-12-21

TOP PICK

9.880

50/50 oil and gas. Spent a lot of money in the Cardium play this year. They can direct the cash to where they think they get the best rate of return. You will get a good return while you wait. They have been delivering good production.

2010-12-16

TOP PICK

9.860

Midsize oil/natural gas. More weighted to gas but in the liquid rich area.

2010-12-15

BUY

10.030

Laura Lau

One of the cheaper yield vehicles and balanced between oil and gas. Hitting some good oil in the Cardium. Spending more than cash flow because they are growing the company. Good balance between growth and yield.

2010-12-07

BUY

9.930

About 55% gas, 45% oil. Recently selling properties to become more concentrated. Some interesting oil properties in Alberta that they can exploit.

2010-12-02

HOLD

9.740

Recent results were not too bad. Added to their 2P reserves, proven and probable fairly significantly. Finding and development costs were competitive at under $12. Well run company. Have the cash flow to cover the dividend.

2010-12-01

BUY

9.590

Christine Poole

Pullback is a good opportunity to get in. About 55% gas. Good yield at over 6%, which is safe.

2010-11-29

BUY

9.650

One of his 4 favourites. Focusing on 3 areas in Alberta and doing a lot of horizontal drilling. (The other 3 are Arc (AET.UN-T), Bonavista (BNP.UN-T) and Crescent Point (CPG-T).

2010-11-16

HOLD

9.920

Michael Decter

Likes this stock. Expect oil may stay high in the $80+ range. This one has not been reacting to the higher oil prices.

2010-11-11

BUY

10.190

Likes the stock. Good production growth. When you look at some of the assets they added recently, they look good. A little bit expensive on a cash flow basis, but the whole group is.

2010-11-05

BUY on WEAKNESS

10.550

Very strong asset base. Unconventional gas. Under performed relative to some of its peers but he likes.

2010-10-14

HOLD

10.070

Bruce Campbell

(Market Call Minute.) Gassy. Recovered a little. Decent yield.

2010-10-06

PAST TOP PICK

10.050

(A Top Pick May 21/10. Up 4.19%.) Still likes.

2010-10-01

BUY

9.420

Roughly 50/50 oil and natural gas. Confident the distribution of $.60 a year will be maintained.

2010-09-21

TOP PICK

9.860

Have amassed a resource portfolio that allows the company to decide if they want to overweight oil or gas. Currently at about 55% gas. In 3 really strong resource plays. Looking for $11-$12 range. 6% yield.

2010-09-13

BUY

9.110

Has been buying some. 50/50 Gas/Oil. Quiet on the news front and thinks there will be some announcements soon. Pretty good time to get into this one.

2010-08-31

BUY

8.940

Michael Decter

Likes what they're doing and thinks they will recover.

2010-08-16

PAST TOP PICK

8.990

(A Top Pick May 21/10. Down 6.74%.) Excellent management and good balance sheet. $.60 dividend. Should have some interesting news out of the Cardium play. Trading below NAV. Thinks it will become one of the premier E & P companies in Canada.

2010-08-13

TOP PICK

8.810

Focused in 3 major areas in Alberta. Great land positions. Still acquiring land contiguous to their positions in Elmworth and Central, which will make drilling much more efficient. Do a great business in natural gas liquids. Have 1300-1400 potential drilling sites. 6.7% yield should be safe.

2010-08-12

BUY

9.160

Likes the name. Screens very well on all the metrics and tends to be one of the cheaper trusts. Reasonably solid balance sheet. His preference is Baytex (BTE.UN-T) and Arc Energy (AET.UN-T)

2010-07-23

Comment

9.050

Steve Carlin

Likes their growth prospects but in a $70 oil price environment balance sheet at the end of 2011 will look a little stretched. In an $80 price environment (which he subscribes to), debt to cash flow in 2011 is more comfortable.

2010-07-20

TOP PICK

8.950

About 52% natural gas and 48% oil. Building up their land positions in their key operating areas. Have done a deal with Gear (?) Tom Wray the founder of Peyto (PEY.UN-T) so going forward it should be a very exciting company.

2010-07-14

BUY

8.880

About 55% oil and 45% natural gas. Converted to a common stock and reduced distributions. Highpine and West Energy were good acquisitions. Good growth prospects.

2010-07-07

BUY

10.170

Dean Orrico

At this price range, you are getting a very competitive distribution. He is forecasting a strengthening in gas prices over the next 6-12 months and the stock should perform fairly well. Has some exposure to Cardium oil.

2010-06-17

PAST TOP PICK

10.140

(Top Pick Jun 16/09, Up 41% Total) and it is a top pick tonight. First class dividend of about 6%, safe going forward. Major Alberta producer. Just completed acquisition and production will be up next year.

2010-06-15

TOP PICK

10.140

Key thing is that with the mess in the Gulf is a return of interest to on-shore oil drilling, such as Alberta. See also his comments on DAY as a past pick on this show.

2010-06-15

TOP PICK

9.860

Balanced production oil and gas. Excellent exposure to cardium. Great opportunity in Gas. 6% yield dividend. Thinks they will opt for growth. On of the safer ones to own.

2010-06-10

BUY

9.860

Eric Nuttall

Likes it a lot. Been a little weak. Asset base is phenomenal. They are becoming oilier. Gas portfolio is very solid. Likes management and strategy going forward.

2010-06-10

BUY

9.650

You are into the cardium play. This sector has been beat up. This kind will provide the best buying opportunity.

2010-06-01

Comment

9.950

Daylight (DAY-T) or Arc Energy (AET.UN-T)? Good name but of the 2 Arc would be the better because they are so conservatively managed with big positions in the Montney.

2010-05-28

TOP PICK

9.740

Just converted from a trust and reduced the dividend to $.05 (about 6.5%). Had been gassy with about 25% oil but are about 50/50 now. 2 very important acquisitions, Highpine and West Energy. Very focused with plenty of room on their balance sheet. About $1.3 billion of tax loss carry forwards.

2010-05-21

PAST TOP PICK

9.590

(A Top Pick May 4/09. Up 46%.) One of the best of this whole group. About 56% natural gas and 44% oil. Management has made some very shrewd acquisitions.

2010-05-20

PAST TOP PICK

10.310

(A Top Pick May 4/09. Up 40.4% excluding distributions.) Still a Buy. 9.4% yield.

2010-04-15

Comment

10.690

Laura Lau

Acquiring West Energy (WTL-T). Doesn't think there will be much arbitrage because you can either buy cash and shares or all shares and it looks like everyone will want cash and there is only so much cash available.

2010-04-05

BUY

10.520

David Burrows

Just acquired West Energy (WTL-T). Expect there will be a lot of M&A take place in the Pembina region because of all the cash being generated with the oil prices. Daylight has tax pools as well as production growth.

2010-03-31

TOP PICK

10.950

Made a couple of key acquisitions and are solid in their position in the Pembina in Alberta. Good yield of about 7%. Great long-term hold.

2010-03-12

HOLD

11.010

Michael Decter

Have a good position in a couple of the big plays and they are acquiring West Energy (WTL-T), which adds to this. They will be cutting their distributions, which he believes is already built into the price. They have been pretty gassy and it may take another year to work this off.

2010-03-08

DON'T BUY

11.010

Mainly a dividend play. They are getting more into the oil side of the story. It’s probably going to have a distribution cut in 2011.

2010-03-05

WAIT

11.270

Ben Cheng

Just completed acquisition of High Pine. They are now considering a conversion to a common share format. You can’t consider this until they vote on it. Hold if you have it.

2010-02-12

BUY

10.500

Recently raised about $170 million and it is speculated that it is for acquisitions. Doesn't think the 9% yield is in much jeopardy. Well managed.

2010-01-27

BUY

10.860