STOCKCHASE

It’s cheap. It definitely is undervalued. Hold on to it.

2010-08-31

Comment

41.790

David Cockfield

Has controlling interest in Petrobakken Energy (PBN-T) as well as Petrominerales (PMG-T), which hasn't been doing that well. as well as a white sands/oil sands project and THAI oil sands technology. Jury is out on the THAI technology and stock has shown some weakness.

2010-08-06

BUY

43.920

Been disappointing for the last little while. Still a bit of a “show me” story. Big issue has been that they just haven't delivered in line with their guidance but they are cheap and attractive and have some decent holdings. Good assets and good management.

2010-07-23

BUY

43.280

Douglas Kee

(Market Call Minute) It’s like a holding company. They have technology that is important.

2010-06-02

BUY

43.720

Petrobakken (PBN-T) or Crescent Point (CPG-T)? Crescent Point has better management and is a better producer but is fully priced. Experimenting with some water flooding which has the potential of doubling reserves. Petrobakken is cheap but had very disappointing production and haven't had growth. An alternative would be Petrobank (PBG-T) that has better growth and leverage to heavy oil.

2010-05-28

BUY

38.230

Jim Huang

(Market Call Minute.) 3 moving parts including PetroBakken (PBN-T), Petrominerales (PMG-T) and their White Sand (?) oil strategy. Cheap.

2010-05-21

BUY on WEAKNESS

52.450

Valuation is relatively fair here. The Thai process still has to be proved.

2010-04-16

BUY

53.930

Philip Doyle

Simplified the company by spinning off Petrominerales (PMG-T) and Petrobakken (PBN-T). What they kept are 2 parts 1) production operation and 2) Thai technology that appeared to be proving themselves out. Reasonably valued.

2010-03-26

Comment

54.450

Ron Meisels

Doing very well, above the 200 day moving average. Put your stop loss right below the recent low.

2010-03-02

BUY

54.690

They have lots of opportunities. Technically, the stock is acting well.

2010-02-19

DON'T BUY

50.150

Laura Lau

A conglomerate with about 60% of share price being PetroBakken (PBN-T), 30% Petrominerales (PMG-T) and 10% oil sands and the Thai technology. Had expected PetroBakken to be a pure Bakken play but instead they have spent a large amount of money in the Cardium area. Also thinks the decline rates are very high. Valuation is too high.

2010-02-08

HOLD

53.030

Gives indirect exposure to the Bakkens through PetroBakken (PBN-T). Relatively fairly valued.

2010-01-22

BUY

58.300

Small and mid-cap oil names are the ones he is focused on and this one is pretty interesting. Very strong leadership. New technology is increasing the reserve base. Would suggest using a basket approach when buying.

2010-01-07

BUY

55.910

Mason Granger

(Market Call Minute)

2010-01-05

DON'T BUY

51.100

Bruce Campbell

Over top of PetroBakken (PBN-T) and PetroMinerales (PMG-T) and has an enhanced recovery process. When PetroBakken was weak and PetroMinerales was where it was, you got the heavy oil for free when you owned this stock but now you have to pay about $6. When you pay almost nothing he would buy this one but he prefers the Bakken play at this time.

2009-12-30

BUY

49.600

Don Lato

Owns PetroBakken (PBN-T), a subsidiary. Recently merged with TriStar (TOG-T) and spun out their Bakken field assets.

2009-12-09

BUY

50.300

Andrew Cook

Majority ownership of 2 publicly traded companies, Petrominerales (PMG-T) oil/gas producer in Colombia and Petrobakken (PBN-T) light oil in Saskatchewan. Also have oil operations in Western Canada as well as their Thai technology. Thai could be a game changer if their pilot projects are successful.

2009-11-30

BUY on WEAKNESS

45.400

Robert Lauzon

Merged with TriStar (TOG-T) and formed a new company PetroBakken, which will start trading tomorrow. This gives you a play on their oil sands technology, a part ownership of Petrobakken as well as ownership in their South American assets.

2009-10-05

WAIT

42.500

Jennifer Stevenson

It depends why you are buying it. It’s pretty expensive. Let the market settle out if you are going to buy it.

2009-09-22

WAIT

40.290

Becoming a more interesting story. Bidding for Tristar (TOG-T) and hopefully will spin that and its Canadian unit into the separate company called Petrobakken Energy. Wait for all of this to happen before taking a position.

2009-08-21

BUY

37.700

Andrew Cook

(Market Call Minute.) Focused on the Bakken play in Saskatchewan and this will attract a lot of attention.

2009-08-20

HOLD

34.570

If their Thai technology proves out, it could be very significant. Still in the penalty box because it has not been really proven.

2009-07-24

BUY

34.550

Terrific technology for the oil sands. Also have a play in the Bakken fields. Well managed.

2009-07-20

BUY

34.010

Involved in Saskatchewan Bakken and is a very successful play for them. Also have an oil sands project, which is having start-up issues that will eventually get resolved.

2009-07-17

BUY

33.840

3 key components with one never getting fully realized at any one time. 1) 76% interest in Petrominerales (PMG-T) in Colombia. 2) Heavy oil technology (THAI) in their White Sands oil sands project. 3) South east Saskatchewan Bakken production.

2009-07-16

BUY

33.780

Laura Lau

(Market Call Minute.) In the last few days there was a large Short position on it, which are starting to cover now.

2009-06-30

PARTIAL BUY

34.000

Andrew Cook

From a longer-term perspective this is extremely attractive. In the short term, there has been profit taking across the whole resource sector. Would start accumulating on weakness.

2009-06-17

Comment

34.050

Sold part of their Columbia Petrominerales (PMG-T) for about $100 million, which helped pay down some of the debt. There Bakken play in Saskatchewan looks interesting. Jury is still out on their toe to heel production (Thai project) and he thinks they have a long way to go on this.

2009-05-20

PAST TOP PICK

25.980

(Past Top Pick Apr 16/08 Down 51%)

2009-03-24

SELL

18.960

Hap (Robert) Sneddon FCSI

(Market Call Minute.) Doesn't like the energy space.

2009-02-19

Comment

19.620

Trying to build a base. Well below its averages. If the whole sector moves, it should do well. You want to see some volume.

2009-02-17

PAST TOP PICK

19.390

(A Top Pick Oct 31/07. Down 59.8%.) Looks like it has been thrashed enough. The only issue she has is that you want to own companies that are squeaky clean.

2009-02-05

TOP PICK

21.600

Chris Smith

Diversified in areas that it is exposed to. Very high net backs (basically margins) because of the royalty regime in Saskatchewan. Interesting technology to apply to heavy oil. Also about 75% ownership in Petrominerales (PMG-T), oil producer/free cash flow generator in Colombia and Peru.

2009-01-12

PARTIAL BUY

22.750

One of the more interesting names in oil. Has Petrominerales (PMG-T), Bakken light oil in Saskatchewan and the Thai process. Thai has been a bit of a disappointment with sand issues, controlling velocity and technical issues. If it works, it's a homerun. 1% or 2% weighting in your portfolio would be preferable.

2009-01-02

BUY

21.400

(Market Call Minute.) 3 companies in one and essentially you are only paying for 2 parts at any time.

2008-12-18

PAST TOP PICK

21.770

(A Top Pick Nov 12/07. Down 57%.) Have theThai process and market is not sure if it will work or not. Petrominerales (PMG-T) is down 61%. Also has some Bakken exposure. A potential Buy but there is a ways to go for market recovery.

2008-12-03

Comment

20.400

Thai process has tended to prove beneficial in the water/sand content. Also doing extremely well with Petrominerales (PMG-T) in Colombia. Interesting speculative consideration.

2008-11-25

PAST TOP PICK

21.750

(A Top Pick Oct 31/07. Down 63%.) Sold when she started turning negative on oils. Don't own any stocks that have question marks hanging over it now. Market is saying “show me” on their Thai technology.

2008-11-21

TOP PICK

20.350

Chris Smith

Oil/gas whose principal producing asset is the Bakken. Producing about 19,000 barrels a day in Saskatchewan. Netbacks are extremely high, some of the highest you can get in Canada. Also have producing assets in Colombia. No matter what happens to oil they have a lot of room to play on netbacks. Market is not giving credit for their oil sands and Thai technology.

2008-11-17

PARTIAL BUY

19.900

Doesn't think they need to raise money anytime soon. Very well managed and has done good financing in the past. Their subsidiary Petrominerales (PMG-T) just reported great numbers and will be producing 20,000 barrels a day. Anything in the $19-$20 area is great if you have a 2 year timeframe. He has been chipping away.

2008-11-07

PAST TOP PICK

20.700

(A Top Pick Nov 12/07. Down 53%.) There were 3 legs to this stool. 1) Conventional oil business, which was solid 2) Thai process, which has not materialized to its full-blown capabilities. 3) 76% stake in Petrominerales (PMG-T) in Columbia, which is down quite a bit. If you own, Hold and wait.

2008-10-22

Comment

24.520

Have the Bakken Oil play in Saskatchewan as well as oil sands in Alberta. Also have a 76% interest in Petrominerales (PMG-T) in Colombia. Probably getting there oil sands technology of Thai and Capri for free.

2008-10-21

PAST TOP PICK

43.500

(A Top Pick Nov 12/07. Down 10%.) Just reported production from their Thai process. Likes it at these levels. One of the best companies in the oil patch.

2008-09-23

BUY

37.020

Gavin Graham

The special Thai air injection, which is apparently working. This gives you the oil exposure and it is environmentally friendly. Doesn't own the stock but owns some of its bonds.

2008-09-17

BUY

40.700

Brian Acker, CA

Model price of $$53.07, a 30% positive differential.

2008-09-11

DON'T BUY

44.640

Kevin O'Leary

Of all the energy names that you could own in Canada there are so many with succulent yields, this one gives you nothing. You get to speculate on a new technology that may not work. Makes no sense.

2008-08-25

DON'T BUY

44.850

An unusual situation. Having some operational problems with their Thai technology. If they are successful, it’s a home run. A lot of valuation is dependent on this process. Also have a large stake in Petrominerales (PMG-T) as well as the Bakken play in Saskatchewan. Probably fairly valued.

2008-08-22

Comment

44.380

Improving at the moment. Owns a good part of Petrominerales (PMG-T) in Colombia, which came up with good results. Also in the Bakken play in Saskatchewan. The Thai process is still in the proving stage.

2008-08-20

WATCH

37.450

Questions if they can keep all the balls in the air. He is somewhat sceptical if they can get some of the issues on their Thai process ironed out. Now in the “wait and see” camp.

2008-08-06

Comment

40.760

Has pulled back along with others in the oil stocks. There is also a bit of a caution about the still pilot stage Thai process. Its subsidiary Petrominerales (PMG-T) operating in Colombia has been a fabulous performer. He has taken some profits. Very good managers.

2008-08-01

BUY

39.750

Ken McCord

One of his favourites in the energy business. Oil sands exposure. Like their Thai technology licence for better oil extraction. Also have some land in Colombia that’s valued at zero, which is not realistic.

2008-07-29

PAST TOP PICK

44.500

(A Top Pick Oct 31/07. Up 3.5%.) Sold her holdings. Investors are nervous about their holdings in the oil sands and whether it is going to work or not.

2008-07-17

TOP PICK

50.730

Neil Wickham

Rapidly rising production profile and steadily rising reserves. Good diversification with 1) the Thai process, 2) the Bakken field in Saskatchewan and 3) the 76.5% interest in Petrominerales (PMG-T).

2008-07-14

BUY

51.750

Jennifer Stevenson

Have the Thai 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

HOLD

52.430

Their new technology Thai appears to be proving out. Until there is some clarity around the new process he would treat it as a Hold. Colombia holdings are doing really well. Along with their Saskatchewan Bakken play.

2008-06-16

DON'T BUY

54.000

Brian Acker, CA

Earnings have been coming up a bit. Mean estimate is $3 with next year's at $3.74. His model price is $52.34, which is a -3% or 4%.

2008-06-11

DON'T BUY

55.680

A story that moved very early on in the energy picture. Driven by their technology in heavy oil, the Bakken play that they had a substantial position in and their Colombia assets. Has now plateaued out. Fully priced.

2008-06-09

DON'T BUY

54.670

Steve Carlin

Thai technology that, if it works, will revolutionize the oil industry. Still very much in experiment mode. Had a lot of good news baked into the stock price so was expensive. Has been a lot of profit taking. Would look interesting in the low $40's.

2008-06-03

HOLD

59.560

Has been selling a bit. Likes the management team and what the company has done.

2008-05-26

DON'T BUY

58.580

Can expect more pullbacks. In the very short run energy stocks are a bit tired. One client has licensed the technology but market still wants to be shown more.

2008-05-22

BUY

55.460

Derek Webb, CFA

One of the few who stocks that hasn’t taken out its old high. Numbers are accelerating in this name like everything else. Loves the name.

2008-05-16

BUY

56.830

Jennifer Stevenson

Had a few pullbacks. Netbacks from their Saskatchewan production are spectacular. A lot of money from the market is being afforded for their technology that, if it proves out, will be quite revolutionary for extraction of oil from the oil sands. Good long-term hold.

2008-05-13

Comment

51.350

Jeff Parent

Chart indicates it won't go up that much. Sideways motion for the next 3 or 4 months. Because of the volatility with the dip in January and uptick in February plays well into a covered call strategy.

2008-05-02

HOLD

48.580

David Cockfield

Have some excellent properties in Colombia that gave the stock a boost. He is always a little dubious about offshore stuff. They do have some assets in the Bakken play in Saskatchewan, which is looking very successful as well as Montana and Wyoming. Also have the White Sands, which is heavy oil.

2008-04-24

BUY

53.060

Alex Ruus

Has really solid technical support as well as fundamental value support. If their Thai technology works out, the stock could go much higher. In the past, fire flooding hasn't worked on a sustained basis but they have come up with a new technique. Initial results are extremely encouraging. Also have assets in the Bakken area of Saskatchewan as well as some in Colombia.

2008-04-22

TOP PICK

53.500

In the Bakken sector in Saskatchewan. Also likes their Thai technology and their White Sands play in the oil sands. Own the majority share of Petrominerales (PMG-T) in Latin America, which hit a bit of water but this is surmountable.

2008-04-16

DON'T BUY

50.720

Michael Sprung

Fluctuations in the price are probably due to questions on their new Thai technology. Feels he can find more attractively priced stocks in the energy sector.

2008-04-15

Comment

45.700

Gavin Graham

Has the Bakken shale in Saskatchewan, which everyone is getting excited about. They also have the toe to heel air injection, which is the environmentally friendly way of getting oil.

2008-04-09

BUY

46.440

Buyers at the $40 level. The energy stock with the biggest upside over the next 5-10 years. Really like it, expect it to be a core position in the next few years.

2008-03-31

WEAK BUY

47.500

Bought some this morning. Like the management team. Stock has come down over the past week, because of a poor analysis. A great asset company, with great technologies.

2008-03-17

WEAK BUY

52.400

Has the White Sands oil project for heavy oil, which looks very interesting. Some risks associated with it but he is positive on it. Has some Bakken play in Saskatchewan that looks very interesting. Also have a big interest in PetroMinerales (PMG-T). A very expensive stock as the market has chosen to give a high valuation to the White Sands project. He feels there is a lot of risk there.

2008-03-07

BUY on WEAKNESS

54.630

Very volatile. He will trim a little bit when it gets up in the $55 and higher range and buys on weakness.

2008-03-04

DON'T BUY

57.160

John O'Connell, CFA

This is a stock that can be quite volatile with a lot of potential upside if their technology works. Has done exceptionally well compared to a lot of other names. If you own, consider moving into an integrated play such as Husky Energy (HSE-T), which pays 3.5% and is not near its highs. Could also consider a natural gas name.

2008-03-03

BUY

57.160

Very strong cash flow. Trading at about 7/8X cash flow. This puts no value on their oil sands assets or their Thai process, which may or may not work.

2008-03-03

BUY

58.650

This is a core position with his oil sands strategy. Have a 76% interest in Petrominerales (PMG-T), the Bakken play in Saskatchewan as well as their oil sands division with their Thai technology. Doesn't think the market is pricing in the Thai technology.

2008-02-25

Comment

57.870

Has done very well and it might be prudent to take some money off the table if you own. It might be the start of decay because it is firing on so many cylinders such as oil sands at low cost, Thai technology and control of Petrominerales (PMG-T). Also into different plays in Saskatchewan.

2008-02-21

WATCH

55.050

Kenneth P. Norquay, CMT

2007 was kind of a topping year for the stock market. This one doesn't know what a top means and it does not look like a top to him. Had a new high earlier in the year, sharp selloff and a sharp rebound. He can see 2 entry points. 1) Somewhere around this year's low and 2) if it breaks out above the old high. He'd rather buy it at $56 than the current price. Would also feel a lot more comfortable if it went back down to its low.

2008-02-12

Comment

55.000

Alex Ruus

One of the more exciting fireflood results. Also have a 77% ownership in Petrominerales (PMG-T). Also one of the 2 prominent players in the Bakkens area in Saskatchewan. Good growth coming out of all 3 areas. Probably in a trading range in the next little while.

2008-02-04

BUY

45.320

In the low and below $40 it is a very good Buy. Have a key position in Petrominerales (PMG-T) in Colombia and every $1 is a $1 in this stock. Also has a Bakkens play in southern Saskatchewan. There is also the IP play on their Thai technology.

2008-01-23

HOLD

45.630

One of the best performing energy stocks on the TSX. Pick your spot where you want to exit and be disciplined about it. Wouldn't want to see it trade much below $43/$44.

2008-01-18

DON'T BUY

49.130

Bill Harris, CFA

Has done a phenomenal job in light oil assets in Western Canada. The Bakkens play in southern Saskatchewan is the “in” place to be. Incredible volumes coming on. Also have a key position in Petrominerales (PMG-T) in Colombia that just keeps going straight up. Also has a wild-card valuation with their oil sand technology, Thai, which looks like it works but doesn't know, on a full production scale, if it does work. Would love to see it at $25-$30.

2008-01-17

Comment

51.800

The White Sands project looks like it is making good progress. There is still some risk on this, but it is becoming less and less. He worries most about the air breakthrough, a fireflood project. Petrominerales (PMG-T) Colombian wells look very interesting. Also have some exposure to the Bakken play in Saskatchewan. Good management.

2008-01-15

BUY

57.400

Have a patented process for improving recovery in heavy oil reservoirs. Will be extremely valuable if they can license it to some of the global large companies.

2007-12-27

BUY

55.100

Alex Ruus

Has 77% ownership in Petrominerales (PMG-T) plus you get access to the fire flooding technology. This story has a lot longer to run and if it is as good as he thinks it is, it could be a real winner over the next year.

2007-12-13

BUY

53.990

Owns 77% of Petrominerales (PNG-T). Might be considered the oil stock of the decade. Has a fabulous process in the Bakken fields. They also have the Thai process, which seems to be working out very well.

2007-12-12

BUY

52.610

John O'Connell, CFA

Has some really interesting technology, which they are leveraging into joint ventures. A smart way to grow the business. Has moved a lot, so you need to be cautious.

2007-12-10

TOP PICK

50.880

Has a fabulous process in the Bakken fields. They also have the Thai process, which they have licensed out now and he feels there will be more licensing. They also control Petrominerales (PMG-T). It might finish up being the stock of the decade in the sector.

2007-11-27

BUY

52.600

Acquiring Peerless Energy (PRY.A-T), which is a good deal for them. Feels the Thai technology works and have signed their first licensing deal in North America. The next step is to go either to the US or global. Not only will they have production growth, but cheques coming in the door from their technology.

2007-11-26

WEAK BUY

54.100

Gavin Graham

Has been the big success.

2007-11-19

TOP PICK

48.140

Likes their oil sands play and their Thai technology, which uses less natural gas and water. Starting to license this. Has a minority interest in Petrominerales (PMG-T), which is having great drilling success in South America.

2007-11-12

TOP PICK

48.140

Have the Thai process where the recovery rate for heavy oil is much higher than the traditional SAG process. Just entered a licensing agreement with Duvernay (DDV-T). Will not be hit with the Alberta royalty tax.

2007-11-12

TOP PICK

46.980

(Top Pick Feb 7/07. Up 121.4%.) Pretty much on time and on schedule. Stock should appreciate, as they get closer to production. May be spinning off one of their subsidiaries. Try to buy on a Dip.

2007-10-31

BUY

46.980

A big part of this is Petrominerales (PMG-T), which is doing brilliant things. Has the tremendous Thai process for extracting oil from the oil sands.

2007-10-31

BUY

40.350

Likes their exposure outside of Canada. He expects the strong market for energy will continue. (They own Petrominerales (PMG-T)).

2007-10-04

HOLD

38.600

Chyanne Fickes

This is a stock where the fundamentals keep changing. You're getting more of a valuation for their Thai technology. The Street has not given full valuation for their technology. Their company Petrominerales (PMG-T) in Colombia has been a real moneymaker for them. Pretty much fully valued.

2007-10-01

PARTIAL BUY

35.200

Have a patent for a new process called THAI for the extraction of oil from the oil sands. So far, the recoverable reserve is on the basis of 70% to 80% versus SAG at 30% to 35%. Have 3 test wells running. Expect you will see real visibility in a year. Consider buying a partial amount. Good risk/reward.

2007-09-26

BUY

33.060

Great company, PMG (Columbian subsidiary) hitting well-after-well. Way more upside in PMG, but PBG is safer.

2007-09-20

VAGUE

35.230

Jean-Francois Tardif

Price of oil doing very well. A lot of confidence in the company. They have a massive amount of oil in the ground. If their new system works they will be able to recover oil more efficiently than others. A risky situation but upside is significant.

2007-09-17

PARTIAL BUY

34.090

Gordon Higgins, CA, MBA

Have a technology that injects a fire under the ground to heat up the oil sands allowing them to pull the oil out of the bottom. If it works, it is an exceptional buy. Has worked on a trial basis, but not on a greater scale, soul would advise caution.

2007-09-12

BUY

32.750