STOCKCHASE

Hap (Robert) Sneddon FCSI

(A Top Pick Feb 15/11. Down 8.1%.) Still likes. All of the energy stocks are down since February but this has been one of the best performing energy stocks on a 1 year basis. 4.5% dividend yield. Had a big natural gas discovery in South China seas.

2012-01-09

Comment

24.420

David Burrows

New management and there are changes taking place but he thinks it's a little bit early. One of his concerns on this company is the lack of growth. 4.8% dividend is attractive. Compared to Imperial Oil (IMO-T) and Canadian Natural Rsrcs (CNQ-T) the technical picture is not as good.

2012-01-05

Comment

24.040

The energy sector is one of those that are right near the bottom but that's not always a bad time to be looking. Try to get at $22 with a trailing Stop. It could be pretty reasonable.

2011-12-15

Comment

25.000

Growth has slowed right down and doesn't seem to aggressive in keeping the growth rates up. Shifting from their offshore back to Alberta and BC. Oil sands stuff is not moving very fast. Pretty boring. Think they would be hard pressed to cut the dividend.

2011-12-09

PAST TOP PICK

24.940

(A Top Pick Feb 15/11. Now 6.4%.) Have massive resources and big, big projects coming on line, first in the South China seas and good growth aspects in the Western sedimentary basin. Still buying. About 4.5% dividend.

2011-12-08

HOLD

25.400

Greg Newman

Believes the dividend is safe. Have a pretty good turnaround strategy. There are better names in this space.

2011-11-30

BUY

24.940

Ross Healy

In an interesting situation. Earnings forecast for 2011-2012 are not going anywhere, and if anything it is a slight drift downwards. Good news is that it has a nice yield. Very close to a very long-term low in price to book terms.

2011-11-17

BUY

24.530

Michael Decter

The low price is really about the market, not the company itself.

2011-11-10

TOP PICK

25.190

(A Top Pick June 15/11. Down 11.04%.) Have a new CEO and are becoming a lot more active in the Western Canadian sedentary basin. Have assured access to refinery capacity, which may be very important down the road. Have a massive gas discovery in the South China Sea.

2011-11-02

DON'T BUY

23.480

Bill Harris, CFA

Doesn't hit the same metrics as other companies and is not entirely transparent.

2011-09-19

WEAK BUY

23.000

Robert Lauzon

Definitely been a disappointment. 4% dividend. Another very large company going through change. Where’s the focus. They are trying to make another push into Canada. Prefers more of the mid-cap names. Give them another year and they will bear some fruit.

2011-09-12

PAST TOP PICK

23.880

(A Top Pick Feb 15/11. Down 10.9%.) Still likes. Dividend of about 5%. Good strong balance sheet.

2011-09-07

DON'T BUY

23.770

Robert McWhirter

In the top 25% of his growth database. Price to cash flow estimates for 2011 is 4.4 X, which is in line with the industry. Cash flow growth significant at 73%. Able to maintain the dividend. Prefers smaller, medium-size companies that have better opportunities to grow earnings and cash flows.

2011-08-26

BUY

24.600

David Baskin

Sold off so much you can throw darts at the energy companies. They will all come back.

2011-08-24

BUY

24.930

Andy Nasr

Longer term he is bullish on oil equity prices. HSE represents compelling value. Good discount to net asset value and can increase production.

2011-08-23

Comment

24.310

Got a little up with this one but is now back looking at it. Dividend is pretty good. Quarterly report was excellent.

2011-08-19

DON'T BUY

25.810

Mohsin Bashir

Imperial Oil (IMO-T) or Husky (HSE-T)? The size, breadth and its ability of Imperial Oil to maintain and grow its market share would be a positive for him. Husky will have more volatility.

2011-08-12

DON'T BUY

25.470

Mason Granger

Just did a $1.2 billion stock deal that was of no interest to him. Leadership change was positive. Have been getting better at showing consistent quarterly results. You're only getting a single digit dividend and at best a 3%-5% growth in production. Prefers others.

2011-08-10

PAST TOP PICK

24.960

(Top Pick Apr 11/11, Down 15.30%) Would not hesitate to own it today. Likes dividend and defensive aspect of it. Good balance sheet, new CEO who is on the ball and major resources to develop. Good dividend.

2011-08-09

TOP PICK

24.960

4.5% dividend yield. Great Asian assets that may get spun off into an Asian listing. Have a large following in Asia. Tremendous resource refinery assets. Major oil sands assets in Alberta.

2011-08-09

WAIT

26.680

Descent dividend. It’s a wait and see stock for him. There were management changes and he is waiting to see what they are going do. Disappointment for a few years now.

2011-07-21

DON'T BUY

26.630

Has one of the highest dividend yields in oil/gas companies. Operationally, in the last several years, they have not done very well. Recently raised money to shore up their capital expenditure program. Still a “wait and see” situation.

2011-07-13

DON'T BUY

26.510

Laura Lau

Production hasn't risen much beyond last year. New CEO’s experience is in running cell phones companies and will take a boat 2 years for him to learn the oil business. There has been a lack of focus and direction for a long time.

2011-07-05

BUY

28.130

Been doing a fair amount of stock issuing over the last year and, as a result, there has been some dilution. Hasn't got back to its pre-crisis unlike virtually every other Canadian/US oil stock. Decent yield which is secure. Management has said they will have 5% growth in production over the next 5 years.

2011-06-23

TOP PICK

28.560

(A Top Pick Feb 15/11. UP 6.29%.) Yield of more than 4%. Have a lot of assets in the South China Seas, in Canada and in Eastern Canada. Good mixture of oil and gas. There is talk of getting a listing in Hong Kong, which will bring in new investors.

2011-06-15

DON'T BUY

27.780

Don Vialoux

Has been having a difficult time technically along with most Cdn energy stocks. Sector peaked out a lot earlier than normal. Developing a downward trend.

2011-05-13

BUY on WEAKNESS

28.290

Robert Lauzon

Thinks this will do a gradual move up. Will take time. New management. Expect it will get back to $32-$33 in a few years. You get a 4.4% yield to wait. Buy when it dips to $26-$27.

2011-05-09

DON'T BUY

29.440

Very good dividend. Have a new CEO who is looking to re-position the company to get more production growth. Near term there won’t be a lot of production growth for the next year or two but oil prices improve, their cash flow will improve. Prefers others.

2011-05-02

TOP PICK

28.950

(A Top Pick Feb 15/11. Up 5.67%.) Likes energy. Good yield at 4.5%. Tremendous oil sands long-life assets. Integrated and integrateds are making a lot of money right now. Have exposure in the South China Sea and expects good things to come out of the Chinese gas pricing. Also have natural gas on the east coast being sold to the eastern seaboard.

2011-04-11

PAST TOP PICK

29.580

Brian Acker, CA

(Top Pick Apr 1/10, Up 7%) Huge value. $36 model price, 22% upside.

2011-03-23

DON'T BUY

28.680

Bruce Campbell

Hasn’t owned it for 15 years. It always looks cheap. It’s kind of an odd collection of assets. It has a higher dividend but he can get that in something with growth.

2011-03-10

BUY

30.400

We are still waiting to see a big up tick in Husky. Waiting to see the strategic direction.

2011-03-04

DON'T BUY

29.070

Under performing their peers because they haven’t really executed in the last 4-5 years. Production growth has been disappointing. New CEO comes from an outside industry and he’ll watch to see how it goes. Last quarter has done better but not tremendously so. Has to show that they can execute better.

2011-02-24

PAST TOP PICK

28.820

Brian Acker, CA

(A Top Pick April 1/10. Down 4.16%.) Still a Buy.

2011-02-17

TOP PICK

27.670

Defensive play. Likes the oil story. 4.3% Dividend yield. Biggest shareholder has agreed to take his dividends as stock.

2011-02-15

DON'T BUY

27.980

New management. Recently issued new equity. Li Ka-shing owns a big chunk and has elected to take his dividends in shares. Likes energy as a group but doesn’t own this one. Doesn’t see a lot of near term growth. Prefers others.

2011-02-14

HOLD

27.620

Cheap man’s Suncor (SU-T). Same sort of asset and pays a 4.4% dividend and yet share price has flunked on the fallen oil prices.

2011-02-07

HOLD

25.540

Has been dead as a dodo. Pays a reasonable dividend, which is why he has been hanging on to his holdings. They were going to spin off some of their south Chinese assets.

2010-12-17

DON'T BUY

24.700

Laura Lau

New CEO is a good sign but any turn around will take longer than expected. Still not sure what the new CEO’s vision is.

2010-12-07

DON'T BUY

24.570

Decided to keep their southeast Asian assets. New CEO is trying to position the company for stronger production growth. Her preference would be for it to settle and start moving up before buying.

2010-11-29

DON'T BUY

25.520

Integrated space. A little bit more challenged. Reasonable valuation but the problem is the new CEO who came from telecom. Fairly heavy exposure to refining and not a lot of catalysts.

2010-11-26

HOLD

25.450

Ron Meisels

Acting totally different form others, probably something to do with fundamentals. Below its falling 200-day moving average. If you own, have a Stop Loss just below $25, maybe $23.50. It could break to the upside.

2010-11-24

DON'T BUY

25.320

Michael Smedley

Has had an amazing decline, which he hadn't expected. Not reaching its replacement of assets target.

2010-10-29

DON'T BUY

25.240

Well managed with a decent yield but doesn't see the dividend going up very much. Sold his holdings.

2010-10-25

DON'T BUY

25.600

Company seems to be spinning its wheels. There was talk of them spinning off their South Sea’s interests. Dividend is okay but production has been falling. Refineries are having trouble keeping their margins up.

2010-10-13

DON'T BUY

25.310

Sandy McIntyre

Has a great deal of difficulty in replacing production.Management is from the telecom industry creating some uncertainty as to their future plans.

2010-10-08

DON'T BUY

25.120

Prefers other energy stocks that provide higher dividend yields and better production growth. Have new management that hopefully will refocus their exploration portfolio. Hoping to spin off some Chinese assets in the next year or so.

2010-09-27

WATCH

25.990

Joanne A. Hruska, CFA

Started looking at this one. New CEO has started to make some changes. Can't continue to over promise and under deliver. Also wants a little more clarity on the Asian assets. Recently made an acquisition indicating they want more growth in Western Canada. Have 3 hot plays including the Shaunevon, Viking and Cardium. 4.75% yield.

2010-09-13

Comment

25.990

Robert Lauzon

(Market Call Minute.) When gas rebounds, they'll probably spin off their Asian gas assets as an IPO, that is a catalyst to move it back into $28-$30.

2010-09-13

Comment

25.720

Michael Simpson, CFA

New CEO with telecom experience. Large shareholder in Hong Kong likes the dividend but if the board wants to see growth, the dividend might be at stake.

2010-09-10

DON'T BUY

25.860

Ross Healy

His oil studies indicate that all oil stocks want to go lower. For the last 40 years, TSX oil/gas Index bottomed at about 1-1.25 times Book so at the present time he would look for about 15%, but another 20% after that if it falls to an extreme.

2010-09-07

PAST TOP PICK

25.540

(A Top Pick Aug 7/09. Down 14.78%.) New manager. Waiting for the spin-off of their Southeast Asia assets. Thinks it will do okay. Dividend looks safe.

2010-09-03

HOLD

25.030

Marc-Andre Gaudreau

2020 bond yielding just under 5%. Was this a mistake going this long? Canadian investors usually don't like buying bonds longer than 5 years because of fears of running out of reserves. He is comfortable with these bonds.

2010-08-19

WATCH

25.740

Some other assets have not worked out and execution has been less than perfect. Has come down a long way and is not expensive. New CEO is coming in from India and may bring fresh eyes. If you own, wait and see what happens.

2010-08-09

PAST TOP PICK

25.670

(A Top Pick Aug 7/09. Down 18.2%.) Liked it for the yield but this is a time when yield did not count for much.

2010-08-06

Comment

26.510

Has been a little flat-footed over the last several years. Invested a lot in refining at the worst time of the cycle. Spin-off of the East Asian assets will be a catalyst but has been out there for at least 2 years. New CEO doesn't come from oil/gas background. 4.5% yield.

2010-07-23

PAST TOP PICK

26.500

(Top Pick Aug 7/09, Down 13%) But it had a nice healthy dividend. It was cut in half but he hopes they will re-instate it. Hopes they will continue to spin off some of their offshore assets to give the stock a bit of a boost.

2010-07-22

PAST TOP PICK

26.880

(A Top Pick June 4/09. Down 17.76%.) Still likes.

2010-07-09

BUY

25.860

David Baskin

(Market Call Minute) Benefiting by increased price in heavy oil.

2010-07-06

HOLD

25.330

Martin Hubbes, CFA

Long-term and interesting company. New leadership. Would hang on to see what the new management is going to do. Not a bad holding for conservative investor.

2010-07-05

WAIT

26.800

Execution in oil sands was appalling. Have a new president coming in. Waiting to see how he performs.

2010-06-22

WEAK BUY

26.490

Michael Decter

Have owned it historically. Market doesn’t know about the Asia discovery. Husky has been very well managed. As for timing it depends on when real reserves will be evaluated. Prefers Crescent Point.

2010-06-11

PAST TOP PICK

26.040

(Top Pick Jun 5/09, Down 19.97%) Has some regrets. Promise of spinning off south China sea assets is still there.

2010-06-04

WEAK BUY

26.120

Have a new CEO. Used to own this. Has a good yield. Concerned about whether they can increase dividend as quickly as alternatives.

2010-06-02

DON'T BUY

26.330

New CEO with experience in the telecom industry. Probably signals the old CEO will take over the Asian assets, which will eventually be a spin out. Even if this happens, doesn't expect it will move the needle on this company.

2010-05-28

DON'T BUY

26.980

Dennis Da Silva

Always a disappointing stock. Seems to have a lot of potential but always find a way to mess it up. Value trap.

2010-05-18

DON'T BUY

26.980

Ron Meisels

On a weak side. 200 day moving average is falling and liable to find some support here. If it breaks 26 or 25 then we have some problems. This is a key level.

2010-05-18

DON'T BUY

27.100

Rick Stuchberry

Interesting because it’s not been a great performer but has a bit of a yield on it. Needs a change in strategy. Ownership has been offshore for quite a bit of time. Needs more focus.

2010-05-14

Comment

26.740

Mason Granger

Very low leverage so dividend is probably safe. From total return perspective, it doesn't stand out for him as meeting their hurdles. Will probably generate production growth of 2% plus you get a small dividend yield.

2010-05-07

PAST TOP PICK

26.740

(A Top Pick June 5/09. Down 22.4% excluding dividends.) Still a Hold.

2010-05-07

HOLD

28.710

Don Vialoux

We are right in the period of seasonal strength, which runs from beginning of February until the first week in June. Stick with it until the first week in June and then take some money off the table.

2010-04-30

DON'T BUY

29.720

Sold a significant part of his holdings in the last couple of months. Good dividend payer, but potential of an increase over the next couple of years is limited. Oil stands costs look like they will be high compared to other companies.

2010-04-20

Comment

30.190

John Zechner

Not going to get the same multiple as the rest of the sector as there is not as much growth. Wouldn't recommend it as a top pick.

2010-04-12

BUY

30.120

Robert Lyon

Heavy oil differential to light oil has narrowed to only about 10% discount. So producers of heavy oil are making a lot of money. Building their Sunrise oil sands project as well as some interesting exploration acreage in Greenland. Almost 4% dividend. Strong balance sheet.

2010-04-09

TOP PICK

30.360

Brian Acker, CA

His model price is $40.20 but if you take consensus forecasts for 2011 at $2.69, the model price would be $46.50. Potential rate of 60% return. 4% yield.

2010-04-01

BUY

28.260

Oil leveraged. Planning on spinning off their deep-water discoveries in China with participation by China. Stock has probably bottomed and would be a good time to get in. 4.5% yield.

2010-03-30

SELL

28.140

Dennis Da Silva

Has been a disappointment. Refocus of capital into Southeast Asia probably means probably no production growth this year. Dividend of about 4% pays you to stick around but he would prefer other things to do with his money.

2010-03-29

Comment

27.340

Philip Doyle

Big play in Asia off China, which they may spin off. Great dividend. Negotiating with Chevron (CVX-N) to possibly pick up a big refinery in BC. Likes all these things but doesn't know why it is struggling.

2010-03-26

PAST TOP PICK

27.880

(A Top Pick March 9/09. Up 8.55%.) Getting a little bit tired of this one. Good dividend.

2010-03-19

DON'T BUY

26.920

Downside risk is virtually zero. It is so weak because it is focused on US refining. That sector was badly beaten up in terms of margin. Here is some potential catalyst. There is too much supply of the end product of refining.

2010-03-05

WEAK BUY

26.920

Ben Stadelmann

It is not really a contrition play, but is a pretty solid value play. If you believe that oil is going to go up then this is where the upside in this stock is. It is fairly valued now.

2010-03-03

DON'T BUY

26.920

Ron Meisels

Has no idea why they are not doing very well, but it is still below its 200-day moving average. The main thing is to see if the stock can hold $26.

2010-03-02

DON'T BUY

26.920

Are considering spinning off some assets in China. If they do then they can concentrate on what they have here. Shareholders may get some benefit to the spin-off. Prefers other gas companies.

2010-02-26

PAST TOP PICK

26.920

March 9,2009 Recommended at 26.40. Paid a dividend. Still owns but is getting a little tired of it.

2010-02-26

HOLD

26.840

Andrew McCreath

(Market Call Minute.) Decent company in the integrated space. Would rather own a trust or a E & P company.

2010-02-05

HOLD

26.940

Don Vialoux

This usually has a very strong seasonality from about this time until May. Has pretty good support now at around this price and there are some early technical signs, momentum indicators, which say this is the right time to Buy. There is a little concern because they bought gasoline stations. They can't make any money from that.

2010-02-03

BUY

26.900

Growth in oil sands production will benefit with their production and refining assets. Have also acquired some cheap gas stations in Ontario from Petrocan (PCA-T). 4.5% yield.

2010-02-01

SELL

27.650

Hard to see a strong catalyst going forward. Will probably move up higher with oil prices but you could get more bang for your buck. Have a lot of exposure to refining, which is where you don't want to be these days.

2010-01-22

PAST TOP PICK

27.840

(A Top Pick Jan 23/09. Up 1.73%.)

2010-01-21

Comment

30.080

Cut their dividend last summer so there is the potential, if everything goes well, that they will increase their dividend.

2010-01-08

DON'T BUY

30.470

Mason Granger

Great stock if you are worried about energy markets going down. Hasn’t been a great performer in last year like most of the other integrated producers. Expects 4% growth added to 4% dividend for 2010. Thinks you can do better in alternative energy investments.

2010-01-05

PAST TOP PICK

29.220

(A Top Pick Dec 5/08. Up 5.7% plus dividends.) Some of the recent results have been disappointing. Having a hard time holding their production level and things seem to have gone quiet in there far Eastern drilling.

2009-12-21

SELL

29.400

Steve Carlin

Integrated oil in this sector has been under pressure because of poor refining margins. Doesn't say a whole lot of improvements in the refining sector in the next 6-12 months. Sold his holdings.

2009-12-16

DON'T BUY

29.010

Ara Nalbandian

He doesn’t follow it closely. It has significant downstream operations (refining), which are valued at much lower multiples. He prefers other names in the sector such as Talisman.

2009-12-15

DON'T BUY

27.580

Rick Stuchberry

Recently had a big discovery in the South China Sea. A big company and it is hard to get a lot of momentum out of it. He would suggest looking into a specific area as opposed to being in an integrated.

2009-12-10

DON'T BUY

27.700

John Zechner

Negative on this company is that it is more heavy oil, which drives to the refinery, and that end is not doing as well. Margins are getting hurt.

2009-11-30

Comment

27.920

Yielding 4.3%. Primarily heavy oil. Looking to spin off their Asian natural gas assets sometime next year, which could be a catalyst.

2009-11-26

TOP PICK

28.220

Have oil sands, refining/marketing and offshore East Coast. 4.25% yield. Could be a takeover target, as it doesn't have Canada protection act.

2009-11-23

DON'T BUY

28.600