receive daily
reports of the
TOP PICKS
OR
your personal
stock choices
| Click Here to receive daily reports of the TOP PICKS OR your personal stock choices | STOCKCHASEWhat the experts are saying! |
|
| There are 3 registered members and 81 guests viewing the site. | Follow us on Twitter |  Rss Top Picks Feed | Rss Daily Feed |
|
| PAST TOP PICK | 25.310 | Michael Sprung | (A Top Pick April 21/06. Sold at a loss of about $4.) Converted to Pengrowth (PGF.UN-T) and he would not buy this on. | 2007-04-11 | |
| HOLD | 25.310 | Robert Floyd | With the whole trust area collapse, we are getting back to fundamentals. Outlook for this company is quite strong. There is a good seasonal play in a lot of the oil/gas trusts. Fairly cheap. | 2006-12-01 | |
| BUY | 25.310 | Ross Healy | This company has had a long, long history of managing and income trust, so you have to like management. His fair market value is about double what the stock is trading at. | 2006-11-01 | |
| HOLD | 25.310 | Robert Lauzon | Starting to look at it a little bit closer now. Seems to be turning around. Debt and payout ratio is a little bit higher than he likes. As this gets corrected, it may be one that he would add. | 2006-09-08 | |
| BUY on WEAKNESS | 25.310 | Glenn MacNeill, P.Eng. | Recently sold his position. Payout ratio has come down to about 70% and hired a new management team that have strong technical skills. Recently acquired Esprit, which was good, but paid a full price for it. Will buy on weakness. | 2006-08-23 | |
| WEAK BUY | 25.310 | Ross Healy | This is a company that knows how to deal with replacing reserves. Very good management. This is one of a few income trusts that he would consider holding through the next period. | 2006-08-03 | |
| BUY | 25.310 | Robert Floyd | In terms of some of the oil/gas trusts, it is timely to be looking at them right now. Check the yield and cash flows that are being generated. | 2006-08-02 | |
| PAST TOP PICK | 27.110 | Michael Sprung | (A Top Pick Mar 23/06. Up 17%.) Looking to consolidate the A and B shares to make it one class. | 2006-07-18 | |
| Comment | 25.140 | Dean Orrico | As other trusts were running down their payout ratios, this one continued to pay on a relatively high level and relied on acquisitions to replace production. That model doesn't work any more. They are now changing. From a fundamental basis, they are improving. | 2006-06-23 | |
| DON'T BUY | 24.150 | Robert Lauzon | The class structure is being dissolved. They have done a pretty good job over the last year of cleaning up some of their problems. Owns some in an index fund, only because he has to. Prefers others. Reserve life of about 11 years. Payout ratio is a little high. | 2006-06-21 | |
| HOLD | 24.400 | Ravi Sood | Combining their A and B shares together. At these levels, this is a pretty good hold. | 2006-05-26 | |
| TOP PICK | 24.270 | Michael Sprung | About 55% natural gas. Very good yield at 13%. Represents reasonably good value. Has good properties to develop. Very good balance sheet. | 2006-04-21 | |
| TOP PICK | 23.210 | Michael Sprung | Relatively safe with a good balance between oil (55%0 and natural gas (45%). 13% yield. Good reserve life and they continue to replace them. Payout is in the 80/5% range. | 2006-03-23 | |
| WAIT | 22.860 | Sandy McIntyre | Pengrowth has a really good asset base. They have had a lot of turnover in senior management especially on the technical side. Before entering this trust he would like to see a credible technical team on board. He really likes the assets. | 2006-03-05 | |
| DON'T BUY | 23.240 | James Leung | Sold 2% of their production on an odd lot arrangement. Allows the company to capitalise on the possible upside of others drilling on their land without committing capital. Outlook for natural gas is weaker now and they are at the upper end of operating costs. | 2006-01-27 | |
| DON'T BUY | 22.720 | Michele Robitaille | They haven't moved to the more sustainable model of an income trust in the energy sector. There has been a dramatic shift of payout ratios trending very strongly downwards. | 2006-01-06 | |
| HOLD | 21.890 | Michael Sprung | A well run company. A fairly safe place to be. | 2005-12-07 | |
| DON'T BUY | 21.850 | Garth Jestley | One of the original income trusts in Canada. In the last few years, it has not been doing as well, as some of its peer group. It still looks at itself is very much in the financial engineering mode where there has been a broad shift to growth through the drill bit. Had some stumbles. | 2005-12-02 | |
| BUY | 21.350 | Glenn MacNeill, P.Eng. | Has fairly high cost production because its 2 largest properties have higher production costs. Represents reasonably good value. | 2005-11-30 | |
|
| |||||
| DON'T BUY | 19.000 | Dean Orrico | Has not been as sustainable in their production as others. Has not heard the rumours that the A & B stocks will be merged. | 2005-10-18 | |
| WEAK BUY | 19.540 | Glenn MacNeill, P.Eng. | Hasn't been a favourite of the street. Being undervalued by the market place. Good longer term assets out there. Not his favourite. | 2005-09-02 | |
| VAGUE | 19.340 | Kevin Hall BComm, CFA | Been around a long time. There are better oil and gas trusts out there. | 2005-08-26 | |
| DON'T BUY | 17.060 | Leslie Lundquist | This one is a difficult situation for investors. A long term royalty trust, but hasn't kept up with its peers. A lttle bit late in moving to the newer model of holding back more of your cash and pay out less. Have had rising operating costs. Had some management changes. Better choices available. | 2005-05-20 | |
| WEAK BUY | 17.240 | Glenn MacNeill, P.Eng. | One of the older trusts. Pays an exceptionally high return at about 15.5%. Had some positive management changes recently. Not on their radar screen. | 2005-04-29 | |
| HOLD | 17.650 | David Cockfield | Not one of his favourites. A little expensive. | 2005-04-21 | |
| SELL | 16.500 | Matt Baillie | Royalty trusts have come down in valuation versus corporations, so they're looking somewhat better on a relative value. Tjis one is not a favourite. Has a higher payout ratio than a lot of the others so it has a somewhat higher cost base. Prefers trusts with a lower payout ratio so they can grow organically. | 2005-04-08 | |
| DON'T BUY | 19.400 | Garth Jestley | One of the traditional royalty trusts and management looks at it as primarily and engineering vehicle that will replace reserves through acquisitions. Feels that the newer model is moving away from that by having smaller payout ratios and grow more through drilling. Have lightened up on this trust significantly. | 2005-02-18 | |
| DON'T BUY | 18.540 | Glenn MacNeill, P.Eng. | Not what he would refer to as a sustaining model. Take its cash flow, pay out distributions and figure out your money for capital expansion, it is paying out 120/130% of its cash flow. | 2005-01-14 | |
| DON'T BUY | 18.460 | Gavin Graham | A $6/7 spread between the "A" shares and the "B" shares because of government ruling on US ownership. Management hasn't done a great job in running these trusts. If you buy, buy the "B" which is cheaper as they may discontinue the US one. | 2004-12-30 | |
| HOLD | 18.650 | Robert Lyon | Prefers others, but this trust, through good times and bad, has managed to do a good job at acquiring assets and keeping the distribution going. | 2004-12-15 | |
| HOLD | 19.220 | Blair Wilson | Has a neutral recommendation. A great market cap and decent record, but long term neutral. | 2004-11-26 | |
| DON'T BUY | 18.950 | Peter Brieger | Not a favourite. | 2004-09-29 |
