| BUY | 46.670 | John Stephenson | Expect you could see a 15% to 20% upside from here. They are rolling in cash. White Rose continues to do well. Production is about to start at Tucker, an oil sands project. Recently signed an agreement with the Chinese oil and gas company to explore in the South China Sea. | 2008-08-22 | |
| Comment | 45.250 | Bruce Campbell | (Market Call Minute.) Pulled back with the resource side. Not one of his favourites. Will move with higher prices but he prefers others. | 2008-08-18 | |
| BUY | 44.220 | Ron Meisels | This one never ran as much as the others so it corrected less. Trading near its 200-day moving average and may very well be the 1st one to go. Breakout point is around $46. Use a stop/loss of around $41-$42. | 2008-08-15 | |
| BUY | 45.180 | Brian Acker, CA | Didn't have a big pullback, but still a great opportunity. The model price is $68.36. A 54% positive differential. | 2008-08-06 | |
| TOP PICK | 46.120 | David Cockfield | 4% yield. Will be debt free by the 3rd quarter and will probably pay a special dividend. Did a deal with BP on refineries, which is accretive. | 2008-08-01 | |
| TOP PICK | 45.340 | John O'Connell, CFA | 4.3% dividend and potential for a special dividend. Making a ton of money. Well integrated. Have some great long life assets. Trading at around $60 oil. | 2008-07-31 | |
| BUY | 42.140 | John Stephenson | Thinks it has turned the corner. Had a few weak quarters in production but is starting to fire on all cylinders. The oil sands piece is getting more visible. | 2008-07-16 | |
| BUY | 48.120 | Robert Floyd | Well managed company. Likes their international assets. | 2008-06-24 | |
| BUY | 47.610 | David Cockfield | Integrated. Pretty good yield at 3%. A good buy under $50. No one pays attention to their Chinese assets in the China Sea where they has some excellent drilling prospects. | 2008-06-20 | |
| BUY | 50.000 | John Stephenson | (Market Call Minute.) Strong production growth from the east coast and increasing production from the oil sands. | 2008-06-16 | |
| BUY | 51.540 | Brendan Kyne | Caller: Husky Energy (HSE-T) or Petro Canada (PCA-T)?Brendan: Likes Husky better than Petro Canada at this stage as Husky has a really solid management team. Keep a good eye on the cost side. Both stocks will trade in line with what goes on in the commodity price. | 2008-06-06 | |
| Comment | 49.950 | Stephen Carlin | Refining margins have shrunk significantly so the stock has lagged. | 2008-06-03 | |
| Comment | 51.940 | Glenn MacNeill, P.Eng. | Would probably put money in Encana (ECA-T), Talisman (TLM-T) or Canadian Natural Resources (CNQ-T) first. Have a lot of stuff going for them. | 2008-05-16 | |
| TOP PICK | 49.620 | John O'Connell, CFA | 3.5% dividend. Believes long-term in the energy story. Good fundamentals. Just did a deal with BP giving them access to refineries. Also, BP agreed to fund a lot of the cash flow expansion of their Tucker and Sunrise projects. Very strong balance sheet. | 2008-05-15 | |
| BUY | 49.030 | David Burrows | Likes the big energy companies. Weekly charts would show they have broken out of 2 years of consolidation, which is extremely bullish. | 2008-05-06 | |
| TOP PICK | 44.800 | David Cockfield | For people who want to own a large integrated, this is probably the best of the lot at the moment. Trades at a lower multiple than either Imperial Oil (IMO-T) or Suncor (SU-T). Good set of diversified assets. 3.5% yield. | 2008-04-24 | |
| BUY | 43.910 | Gordon Higgins, CA, MBA, CFA | Have done a lot of things strategically well. They had heavy oil and found refineries to take it and also did joint ventures. It is cheap, but refinery margins are a little bit tight right now, which may be the perception that is keeping the stock price down. | 2008-04-17 | |
| PAST TOP PICK | 41.760 | Brian Acker, CA | (A Top Pick Apr 12/07. No change.) Earnings are so great and they're going on the balance sheet making the balance sheet larger so it's in proportion to the earnings. His model price is $58.35, a 42% positive differential. | 2008-04-03 | |
| WEAK BUY | 41.520 | Norman Levine | A blend of conventional oil and refining and marketing. Long-term outlook on refining and marketing is positive. Wouldn’t have any problem buying here. | 2008-03-27 | |
| HOLD | 42.400 | Joseph Schachter | Likes the mix of assets. The only limiting factor in the near term is refining and marketing margins may get hit, as there is enough gasoline in storage. Expecting all-time highs sometime this year. For conservative investors, it makes a lot of sense. | 2008-03-07 | |
| HOLD | 42.510 | John Stephenson | If you want to play the oil story, you are better off playing Canadian Oil Sands (COS.UN-T) or Canadian Natural Resources (CNQ-T), which have tremendous leverage to oil. Not a bad name but he would rate it as a Hold. Primarily the growth in the name was through White Rose, offshore Newfoundland and Nova Scotia and has really plateaued. Oil sands project looks like it's going to be delayed with cost overruns. (He has been lightening his position.) | 2008-03-05 | |
| BUY | 41.520 | Alex Ruus | Likes oil going forward. This is a very good quality company. More of a heavy oil weighted producer. Dividend is greater than 3%. | 2008-02-25 | |
| BUY | 39.600 | Kenneth P. Norquay, CMT | Had an uptrend in place and, in 07, drifted into a sideways pattern. When the overall market went down and this held its own, it had relative strength, which means it's more on the top of the list rather than the bottom. Had a selling climax in January and current price is just a little above it. If it starts to go up again with a little bit of volume, he would be all over it. If you are a short-term trader, put a stop under the January low. | 2008-02-12 | |
| PAST TOP PICK | 39.870 | John Stephenson | (A Top Pick Feb 21/07. Up 10%.) Considers this as a Hold now. Costs are starting to escalate. | 2008-02-08 | |
| TOP PICK | 39.870 | David Cockfield | Didn't like some of the numbers that recently came out, but does like the 3% dividend. Over the last 5 years they have had the best performance on a per-share basis of the any of the integrated companies. | 2008-02-08 | |
| TOP PICK | 39.950 | Brian Acker, CA | He likes oil, especially in Canada. The model price is $54, a 32% positive differential. If oils get whacked and this owes down to around $37, then back up the truck. | 2008-02-07 | |
| BUY | 42.180 | David Baskin | The future for oil prices is bright. Demand is continuing to increase particularly from newly industrialized countries. For a medium term horizon, oil is a good bet. | 2008-02-04 | |
| TOP PICK | 43.610 | David Cockfield | Likes the recent partnership deal with BP of sharing oil sands in exchange for refinery capacity in Toledo. Also have some good prospects in southeast Asia. Has a good yield. | 2007-12-21 | |
| BUY | 43.410 | David Baskin | Did 2 big deals, one in the oil sands and one offshore, both of which require big capital expenditures. Luckily oil companies are coining cash as a result of high prices. Nonetheless, costs in the oil sands have grown exponentially. Have a pretty good base in heavy oil and the oil sands and has held up pretty well. Feels that oil prices are going to hang in. | 2007-12-18 | |
| BUY | 42.600 | Robert Floyd | Interesting scenario and not a bad valuation. | 2007-12-11 | |
| TOP PICK | 42.700 | John O'Connell, CFA | Good dividend. Just did a deal with BP who are back in the Canadian oil patch again. Selling heavy oil into a joint venture with BP, giving them access to the Toledo refinery. | 2007-12-10 | |
| BUY | 42.470 | David Cockfield | Has swapped half of its oil sands project for British Petroleum's Toledo refinery. Thinks this was a brilliant move. Thinks they will get immediate cash flow out of the refinery. Dividend of more than 3%. | 2007-12-07 | |
| DON'T BUY | 43.600 | Stephen Carlin | Having operational issues. Lacks the growth prospects going forward. Not one of favourite names. | 2007-10-25 | |
| PARTIAL BUY | 41.370 | Ron Meisels | Energy stocks are the best group currently. If you like the stock, take a half position and then if it falls back, it won't matter. By the other half on weakness or if it starts moving up. | 2007-09-27 | |
| BUY | 40.750 | John Stephenson | Very good name with good visible production growth, mainly from the east coast. After buying the Lima refinery, it is in the process of becoming the largest independent refiner. Likes their diversity of the whole value chain, from exploration to marketing. | 2007-09-26 | |
| BUY | 41.930 | Robert Floyd | Likes the price and would consider on any pullback. Some decent upside from here. | 2007-09-14 | |
| BUY | 40.090 | Joseph Schachter | A fabulous company. Got oil offshore Newfoundland. Have operations all across Canada and in Asia. | 2007-09-11 | |
| BUY | 38.530 | Michael Smedley | This is easily the best energy stock. Good in all sorts of ways. Refining, upgrading, oil sands and its great relationship with China. | 2007-09-10 | |
| TOP PICK | 37.900 | Brian Acker, CA | He has a model price of $51.60, which is a 36% positive differential. | 2007-08-30 | |
| Comment | 37.980 | David Baskin | All the energy stocks have had a rough summer. Prefers Petro Canada (PCA-T), which has a very nice set of assets including oil sands, Newfoundland offshore. This is not on his Buy list, but nothing wrong with the company. | 2007-08-23 | |
| TOP PICK | 37.870 | Brian Acker, CA | Model price is $51, which is a 36% positive differential. Stock just had a split, which is very positive for his math. | 2007-08-22 | |
| BUY | 37.580 | John Stephenson | A good entry point. Was a little weak in terms of its production numbers and refining bailed it out. Production is starting to pick up. Very reasonable in terms of valuation. | 2007-08-21 | |
| BUY | 38.050 | Michael Sprung | This is one that he would consider. Getting to a level where the multiples are looking awfully appealing. | 2007-08-10 | |
| BUY | 39.580 | John Stephenson | Bought a refinery in Ohio. Last quarter was a little bit weak on the production side, but better on the downstream side. Have done a good job. Because of the weaker quarter, this would be a Hold for another quarter or two. | 2007-08-08 | |
| BUY | 40.570 | Michael Smedley | Just acquired a refinery in Ohio. Serious upside. The Prince of Canadian listed major oil/gas companies below the level of the integrateds. | 2007-08-03 | |
| BUY | 42.230 | John O'Connell, CFA | Very well run company and has some wonderful projects. Once these skittish in this is over about the market, this is a name that people will come to. | 2007-07-31 | |
| HOLD | 43.660 | Joseph Schachter | Just had a 2 for 1 stock split. White Rose has been very successful. Refining business in the US was a bit of a problem. Have a very big heavy oil business in Canada. A great long-term story. | 2007-07-20 | |
| BUY | 78.900 | John Stephenson | Li Ka-shing is purchasing an additional 43%. This is a fabulous name to own. Excellent growth in production. Has exposure to refining which is a very strong attribute. | 2007-03-27 | |
| TOP PICK | 78.900 | Gavin Graham | 2.5% dividend yield. This is a poor man's Suncor (SU-T). Cheap at 13 X earnings and 6 X cash flow. Their oil sands operation is well on track. | 2007-03-26 | |
| TOP PICK | 76.960 | John Stephenson | Expects to see more value placed on it going forward with their downstream refining aspect. Trades at a discount to its peers. | 2007-02-21 | |
| DON'T BUY | 77.580 | David Burrows | Since the spring, early summer of 06, the oil companies have failed to make new highs, despite the fact we have been in a very strong market. Wouldn't add into this group right now. | 2007-02-20 | |
| HOLD | 78.220 | David Cockfield | Reasonably volatile, but the stock doesn’t look expensive. Will run with the rest of the oil stocks. | 2006-12-07 | |
| Comment | 75.780 | Gordon Higgins, CA, MBA, CFA | Has been a great little company. Refine some of the oil they make and, every year, at year-end they pay a special dividend out of any excess cash flow. Pretty fairly valued at 7 X cash flow. | 2006-11-28 | |
| DON'T BUY | 75.450 | John O'Connell, CFA | The whole energy complex has been having a little difficult time lately with the drop in energy prices. Has always been a rumoured takeout play. Not trading as cheaply as a lot of the other major players. | 2006-11-27 | |
| BUY | 71.960 | Joseph Schachter | This sector is attractive and this stock is cheap. Great buying opportunity. | 2006-09-29 | |
| BUY on WEAKNESS | 76.530 | David Cockfield | Fundamentals are quite good. Have fairly substantial discoveries. Buy on weakness. | 2006-08-30 | |
| PAST TOP PICK | 77.710 | John Stephenson | (A Top Pick July 27/05. Up 48.8%.) Still feels there is upside from here. Production from White Rose is now coming on and you're starting to see cash from this. | 2006-08-21 | |
| BUY | 74.800 | Peter Gibson | This company stands out. Still inexpensive. Pretty good profit growth. The margin growth and asset turnover growth is spectacular. If you are looking out 6/12 months, he would buy it right now. | 2006-08-18 | |
| Comment | 77.050 | Peter Brieger | Haven't liked this in the past, but is now going to re-examine it. With their Chinese connection, it could be very interesting going forward. Doesn't know much about it at this time. | 2006-08-14 | |
| Comment | 77.050 | Laura Wallace | Has run quite high and it would not be surprised to see it split. Latest quarterly results were a little disappointing, not in the amount of money they made, but in the levels of production. | 2006-08-14 | |
| BUY | 81.300 | Gavin Graham | Likes it a lot. A poor man's Suncor (SU-T) as it has a lot of the same assets, such as oil sands, refining and marketing. | 2006-08-10 | |
| BUY | 75.740 | David Baskin | Heavy oil weighted and he prefers something with more gas. However, the stock has been a good performer. Well-managed. Would prefer Talisman (TLM-T), Petro Canada (PCA-T) or, if you're interested in gas, Encana (ECA-T). | 2006-07-27 | |
| BUY | 74.560 | David Cockfield | The China situation could become a dominant feature in this company. Have had some success in the South China Sea which look like real discoveries. Take out possibilities by the Chinese national oil company, are quite good. | 2006-07-13 | |
| PAST TOP PICK | 68.600 | John Stephenson | (A Top Pick Mar 22/06. Down 4.3%.) Has strong growth. Would still recommend it as a buy. | 2006-06-28 | |
| DON'T BUY | 65.340 | Glenn MacNeill, P.Eng. | With the new gas discovery in the South China Sea it looks very interesting, but this is already priced into the stock. Also have heavy oil. Better growth potential elsewhere. | 2006-06-16 | |
| HOLD | 65.910 | David Burrows | Made a major gas find in China. At this point, if you have to buy an oil/gas stock, this is as good as any. | 2006-06-15 | |
| BUY | 61.450 | John Stephenson | In energy, prefers Petro Canada (PCA-T) or Husky Energy (HSE-T). | 2006-05-19 | |
| BUY on WEAKNESS | 60.150 | Glenn MacNeill, P.Eng. | Has some tough things to do in front of it. Involved in heavy oil in Alberta and Saskatchewan. East coast has not been performing well. Good company with good assets. | 2006-05-16 | |
| HOLD | 63.860 | David Cockfield | The multiples on the stock looks quite reasonable. Looks like it will be giving in to a buying range. | 2006-05-04 | |
| DON'T BUY | 66.500 | John Zechner | Feels there has been some speculation there has been some corporate activities going on. Valuation is to the high-end right now. Not that bullish on oil prices at this point. | 2006-04-26 | |
| HOLD | 73.700 | Glenn MacNeill, P.Eng. | Good company. Has had a good run so it may be time to take some profit off the table. | 2006-04-13 | |
| TOP PICK | 71.610 | John Stephenson | Likes integrated companies that have production, refining and retail outlets. This gives some downside protection. Relatively inexpensive relative to its peers. Has most of the cost relative to White Rose behind it. Lots of revenue coming. Could have a special dividend. | 2006-04-05 | |
| TOP PICK | 71.660 | John Stephenson | Little bit cheaper than some of its integrated peers in Canada. It's White Rose expenses are pretty much behind it. It should produce about $1.5 billion in 2006. | 2006-03-22 | |
| VAGUE | 72.050 | Gordon Higgins, CA, MBA, CFA | Broadly diversified company. Has paid out dividends. | 2006-02-21 | |
| TOP PICK | 70.240 | Peter Gibson | Switch from Imperial Oil to Husky. Husky much stronger on the profit side. Husky has done extraordinarily well. Profit levels high, growth rate high, and very well sourced.
| 2006-02-20 | |
| BUY | 69.220 | David Cockfield | One of the better integrateds. Multiples are still reasonable compared with some of the others. | 2006-01-23 | |
| DON'T BUY | 65.950 | Glenn MacNeill, P.Eng. | Had a great year last year. Getting pretty close to fully valued. Has some exciting things in front of it. Also like their refinery input and heavy oil production in Alberta. | 2006-01-18 | |
| BUY | 63.300 | Bill Belovay | Has oil sands deposits plus explorations off the coast of China. This will be a growth company even if the price of oil goes down. | 2006-01-05 | |
| BUY | 59.000 | David Cockfield | There is talk again of a potential takeover by the Chinese. If you don't have any integrated oil in your portfolio, this one is not bad from a multiple standpoint. | 2005-12-30 | |
| TOP PICK | 55.810 | Brian Acker, CA | Model price is $82. A 47% differential. Expects them to declare a special dividend. | 2005-11-14 | |
| BUY | 65.850 | Jean-Francois Tardif | If you believe oil prices will go higher, this company and similar ones will do extremely well. | 2005-09-21 | |
| BUY | 62.510 | John Stephenson | Has ramped up because it was trading very inexpensively compared to its larger cap peers. Very attractive at this level. | 2005-09-01 | |
| HOLD | 55.650 | David Cockfield | You are going to see a number of the oils fall off, but it's not to far from consolidation. Will be a lot better 6 months from now. A good company and has good potential. | 2005-08-18 | |
| BUY | 52.510 | David Cockfield | Not as easy to analyse as most oil companies. Have significant offshore operations. Multiples are not bad. Own good properties. | 2005-07-28 | |
| TOP PICK | 52.950 | John Stephenson | A company that's sneaking under the radar screen which is one of the attractions to it. Reasonably fairly valued with a multiple of about 4.8. The big catalyst is the White Rose project coming on with production coming on in the beginning of next year. Production should jump from about 300,000 to 400,000 when that comes on. Cheap. | 2005-07-27 | |
| SELL | 50.050 | David Baskin | Pretty expensive right now. There was a while when heavy oil was out of favour. Doesn't like their asset base as well as the other companies. Would prefer a Talisman (TLM-T), Petro Canada (PCA-T) or Encana (ECA-T). | 2005-07-11 | |
| HOLD | 49.760 | John Zechner | Doesn't like the energy sector with oil inventories at 7 year highs, but the charts look awfully good, so if you're a technical player you would probably still be long these things. | 2005-07-04 | |
| BUY | 46.410 | David Cockfield | A bit of a sleeper. Has run up occasionally on takeover rumours. Has significant interests in the South China sea. Hard to get any information on it. | 2005-06-15 | |
| TOP PICK | 38.710 | Brian Acker, CA | If you take the projected earnings and put them on the balance sheet, with the same valuation as today, you'll be up 24%. | 2005-05-05 | |
| DON'T BUY | 36.860 | Bruce Campbell | Has lagged some of the others a little bit. Has other favourites. | 2005-03-24 | |
| DON'T BUY | 34.720 | John Stephenson | Nothing wrong with the company and trades at lower multiples than some of its peers, but it's less profitable. Nothing in sight that would make it more profitable. | 2005-02-15 | |
| DON'T BUY | 33.450 | Brian Prokop | White Rose is going to be a very good project. Once you have the sunk costs behind you, you get a very long and consitant source of production. As an integrated, it's very solid. Reasonably good set of assets. Have an underperform on this stock because it has done so well. | 2005-02-02 | |
| HOLD | 33.460 | David Cockfield | Has performed well since October but part of that was from takeover rumours. Not a bad stock although ist looks a little expensive on a multiple basis. Prefers other integrateds. | 2005-01-21 | |
| BUY | 33.370 | Michael Smedley | Unusual in that it pays out special dividends. Expanding. Capable of doing big deals. | 2004-11-25 | |
| WEAK BUY | 33.120 | John Stephenson | Just declared a special dividend. Trades at a discount to its peers and is reasonably attractively valued, but production has been a little weak. | 2004-11-24 | |
| PAST TOP PICK | 31.500 | Ron Meisels | (A Top Pick Aug 24/04. Up 16%.) Still likes. Oil stocks will do well going into the new year. | 2004-11-16 | |
| DON'T BUY | 30.850 | Ray Steele | Not a fan of oils at this time. Will consider them when the price of the commodity drops well below $40.An appropriate time to take some profits and reduce your holdings. | 2004-11-03 | |
| BUY | 29.910 | Andrew McCreath | Vertically integrated and have growth prospects with their new upgrader that is coming on stream, so not as exposed to heavy oil prices. | 2004-09-27 | |
| DON'T BUY | 27.550 | John Stephenson | It has not been doing better than other companies. It is a good company, however, there are better ones. | 2004-08-30 | |
| TOP PICK | 27.000 | Ron Meisels | Came out of a big base, so the concept is that the stock will go up. The 200 day moving average is below the stock price. | 2004-08-24 | |
Experts that have talked about Husky Energy
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