| TOP PICK | 17.780 | John Stephenson | Oil sands is everything in terms of oil production in Canada. Will start producing from its Long Lake this year. Trading at a massive discount to its NAV. Highly likely it gets taken out. | 2008-08-22 | |
| TOP PICK | 18.210 | John Stephenson | De-risking of Long Lake, their oil sands piece. Thinks it’s an acquisition target. Dirt-cheap. Will be producing by the end of this year. | 2008-08-06 | |
| HOLD | 20.250 | Glenn MacNeill, P.Eng. | (Market Call Minute.) Just getting production going right at the moment. His short-term outlook for crude is soft. | 2008-07-18 | |
| TOP PICK | 22.320 | John Stephenson | An oil sands name that is about to start producing. Trading at a discount to NAV of about 42%. Expects this will be acquired. | 2008-07-16 | |
| BUY | 23.610 | Jennifer Stevenson | Have the Ormat upgrading technology in the oil sands. She likes to play upgrading technologies as a portfolio in order to spread the risk. These would include Opti (OPC-T) and Petrobank (PBG-T) and Ivanhoe (IE-T). | 2008-06-19 | |
| TOP PICK | 24.920 | John Stephenson | Oil sands producer. Been in the penalty box because of disappointing pilot results. Now have 30 well pairs steaming away. 35% discount to net asset value. Will probably get acquired. Cheap. | 2008-06-16 | |
| BUY on WEAKNESS | 22.860 | Glenn MacNeill, P.Eng. | In situ oil sands producer. Operates SAG-D and also has a upgrading capacity that it is building with it. Expected to be on production very shortly. Has some unique technology. Rather than purchasing gas to make steam, it will use waste products out of their upgrading facility. Very crude oil price driven. | 2008-05-16 | |
| BUY | 22.410 | Jennifer Stevenson | Have been putting steam in the ground for quite some time and are starting to turn some of their injectors into producers at Long Lake. Not exposed to natural gas prices as they have technology that allows them to burn their heavy and create a synthetic gas to produce steam. Early stage production. Great long-term hold. If you are bullish on oil, a good stock to own. | 2008-05-13 | |
| BUY | 19.850 | Jennifer Stevenson | For a play on a small cap name in oil sands, you are better to go with a near term producer such as Opti (OPC-T) or UTS (UTS-T). | 2008-04-25 | |
| BUY | 19.410 | David Cockfield | Tar sands extraction. Well run company. Good equipment. A nice hold for the next couple of years. | 2008-04-24 | |
| BUY on WEAKNESS | 21.050 | Joanne A. Hruska, CFA | Recently had a big move so you should wait for a pullback. Starting to get past the risks. There will be a lot of volatility. | 2008-04-14 | |
| BUY on WEAKNESS | 16.850 | Dennis Dasilva | Using the OrCrude technology with Nexen (NXY-T) as its partner is. Still a risk factor. How will it operate on a full-scale basis? Going into steam process by the 3rd quarter, possibly the 2nd. 80% done on their upgrader. You want exposure to these technologies in appropriate portions. Don't have it as a core position. | 2008-02-25 | |
| BUY | 17.200 | John Stephenson | Trading at a significant discount to NAV. | 2007-09-26 | |
| BUY | 21.050 | John Stephenson | Great entry point. It's Long Lake phase 1 is coming along. You'll see production coming at the end of this year. The best of the “prospective” plays. | 2007-08-21 | |
| BUY | 23.400 | Ben Cheng | Could be an acquisition target going forward. | 2007-07-23 | |
| WAIT | 24.050 | Joseph Schachter | Very leveraged to the high price of oil. The price of oil may go up a little bit more in the near term, but usually in the fall there is a correction in the price. Wait for a correction. | 2007-07-20 | |
| WAIT | 22.790 | Glenn MacNeill, P.Eng. | An oil sands play with its own up grader. Have some unique technologies. Good value. These things take longer than expected so there will be some entry points down the road. Wait a while. | 2007-05-09 | |
| BUY | 22.250 | John Stephenson | Have started steam injections in their SAG D operations. Why have production in the 3rd quarter. Takeover is a possibility. | 2007-04-30 | |
| BUY | 19.940 | John Stephenson | This is considered a Hold category moving to a Buy category because oil sands production is ramping up now. | 2007-03-27 | |
| Comment | 19.980 | Michael Smedley | They have a new process, which generates gas from the base of the bitumen, fire it up, and they don't have to use gas from the top. It will be interesting to watch. | 2007-02-22 | |
| BUY | 17.740 | Jean-Francois Tardif | If an international company wants to own oil that is geographically safe, there is not much to buy. Expect more takeovers in 2007. He prefers companies that are already producing such as Opti (OPC-T) and Western Oil Sands (WTO-T). | 2007-01-10 | |
| DON'T BUY | 17.800 | John Stephenson | Would be more inclined to put money into Suncor (SU-T) or Western Oil Sands (WTO-T) because they are more of a sure bet. | 2007-01-05 | |
| DON'T BUY | 17.080 | John Stephenson | Could be a takeover target, but a lot of that is baked into the price. Prefers companies that have proven, established operations. | 2006-10-12 | |
| DON'T BUY | 20.080 | John O'Connell, CFA | A big oil sands play. There has been a lot of activity in this area. This is a good one, but would stick with the big names were there is a lot of liquidity. | 2006-08-25 | |
| BUY | 19.780 | Glenn MacNeill, P.Eng. | A heavy oil producer. Own 50% of the Long Lake project in the oil sands. Has some unique technology that allows them to use their own gas, a by-product of the refining process, to produce heat for their production. | 2006-08-23 | |
| DON'T BUY | 22.180 | Bill Harris, CFA | An oil sands player that, instead of using natural gas, they will burn the crud that comes out of the oil sands. They have the rights for Canada. It has to be shown that it works. Not Conservative enough for his funds. | 2006-08-01 | |
| WAIT | 22.240 | John Stephenson | Fairly valued at this point. It has to prove its SAGD technology that it’s known for. Needs to be better known as a technology entity. | 2006-07-10 | |
| BUY | 45.810 | Paul Harris, CFA | An interesting story. They have partners to help build out the oil sands. You need to own an oil sands play. Should be a major player. Not cheap, but none of these oil sands are. Buy for the long-term. | 2006-01-20 | |
| BUY | 34.550 | Shauna Sexsmith | They use a gasification process by creating gases out of the bituman, and uses this gas to create steam to get SAG (steam assisted gravity) which takes the costs down substantially. Very unique in the oil patch. | 2005-11-16 | |
| DON'T BUY | 41.750 | Ross Healey | Fairly hard to calculate a FMV for the company, so doesn't own. Would be considered as a speculation as opposed to an investment as a result of this. | 2005-09-14 | |
| BUY | 29.600 | Dean Orrico | If you are a believer in oil/gas and strong commodity prices, this is one way to play the oil sands. Higher risks as they are just in the process of developing. | 2005-07-29 | |
| TOP PICK | 20.490 | John Zechner | Oil Sands is a great long term value. $30 is the worst you are going to see oil, but will most likely be $40/50. The project with Nexen is starting to come on. Trading at a good discount to its net asset value. You can buy and put it away for the long term. | 2005-01-31 | |
| DON'T BUY | 18.350 | Robert Lyon | Doing a joint project with Nexen. Looks fine, but feels from a valuation perspective looks a little bit expensive. | 2005-01-11 | |
| BUY on WEAKNESS | 18.200 | Bill Harris, CFA | In partnership with Nexun in the oil sands and have a way of extracting without having to rely on natural gas. Still have to execute the plan, come in on time and execute the budget. | 2004-10-29 | |
| DON'T BUY | 16.400 | Glenn MacNeill, P.Eng. | Was fully priced when it came out during a frothy period and has now dropped. Likes the basic project. Expected to produce about 70,00 barrels a day. Generates its own gas. Will probably be fairly quiet for the next couple of years. | 2004-08-25 | |
| TOP PICK | 17.800 | Michael Smedley | One of the next, hopefully, great oil sands companies. A very good price. | 2004-07-14 | |
| DON'T BUY | 21.950 | David Cockfield | Has a 50/50 joint venture with Nexen (NXY-T). This is an “over the horizon” earnings. Heavy oil. You are trying to buy future earnings before things are really functioning. Higher risk. | 2004-01-29 | |
Experts that have talked about Opti Canada Inc.
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