STOCKCHASE

(Market Call Minute.) Better growth than in Canadian Oil Sands (COS-T). 8%-10% production growth over the next decade.

2012-02-06

PAST TOP PICK

34.920

(A Top Pick March 29/11. Down 18.5%.) This was frustrating as they have hit all the numbers expected. Earnings were up, cash flow was up, production was up and oil prices were up.

2012-02-06

BUY

34.250

Don Lato

Trades with price of oil but is off high’s. Still well off its highs of a couple of years ago. Owns for some of the portfolios.

2012-02-02

BUY

34.510

Mike S. Newton, CIM FCSI

Hasn't been with this company for a very long time but he would absolutely enter this one. Looks like a pretty good space.

2012-02-01

PAST TOP PICK

34.540

(A Top Pick Feb 8/11. Down 13.67%.) Disappointed in this during 2011. It was a question of the politics of what was going on in the US. Oil did much better than oil stocks in general. Feels that this is a tremendous buying opportunity right now.

2012-01-31

PAST TOP PICK

34.390

(Top Pick Oct 14/11, Up 12.59%) Bought a coupe of positions.

2012-01-26

PAST TOP PICK

34.390

(Top Pick Oct 14/11, Up 12.59%) Bought a coupe of positions.

2012-01-26

Comment

34.390

Stan Wong

There is probably a $10 premium on oil prices due to the Middle East situation. This is a cyclical name that should do well where the economy is starting to calm down with the macro picture getting a bit better. It has just broken above the 200 day moving average. On his radar screen.

2012-01-26

HOLD

34.220

Up about 15% from the beginning of the year. Possesses some of the best properties in the oil/gas sector. Traditionally has sold at a discount to the group. Have got a premium valuation for some of the assets they have sold off. Certainly sees upside over the next number of years.

2012-01-23

HOLD

32.650

Laura Wallace

Like CNQ it is a premier producer. Will be volatile. IF you have a reasonable horizon you will be pleased you took advantage of what happened to it in 2011

2012-01-12

BUY

31.910

John O'Connell, CFA

(Market Call Minute.) Thinks you could buy it here. Your risk is $28.

2012-01-09

Comment

31.550

Bill Carrigan

When you are involved with the oil sands, these particular companies are very leveraged to the price of crude. He wouldn't classify them as a long-term buy and hold. You have to trade them. If you entered it now, it would probably be a trade for 2-3 months. Then take at least half off.

2012-01-06

BUY

31.460

Christine Poole

Likes oil sands so this would be a good investment. Feels oil prices will remain in the $90-$110 range. Well-managed.

2012-01-05

TOP PICK

31.450

He has a model price of $57.24, an 85% positive differential. All these oil stocks got smoked in the latter part of 2011. Looks like this one wants to recover a bit. His target is $37.50.

2012-01-04

BUY

31.450

Michael Decter

Likes it and is a reasonable entry point at this point. Oil price is hard to forecast because of political risk plus other reasons. Prefers Crescent Point and prefer higher dividend, but thinks highly of it.

2012-01-04

Comment

31.000

Keith Richards

Down trend may be breaking so perhaps the lagging tendency will start to pick up soon.

2012-01-03

PAST TOP PICK

31.000

(A Top Pick Jan 6/11. Down 16.35%.) Underperformed the group slightly just being big and liquid. Well held in the US so when they abandoned energy this is the 1st one they sell. Incredibly cheap so he is still holding. About 30% undervalued.

2012-01-03

Comment

29.380

Lyle Stein

Has been whacked like all the Canadian oil stocks in general. Had some specific problems with respect to some of its fields. Looking at this one a go forward basis, it could be a yield play. Earnings will tick up and payout ratio is quite low and they could increase their dividends over time. This will be a great place to be over the next 10 years.

2011-12-30

WAIT

29.380

Don Vialoux

Within the next month (Jan 23 until June 15) it will have seasonal strength. This sector significantly under performed the market in 2011 so will outperform the market in 2012.

2011-12-30

TOP PICK

28.560

Feels energy, especially oil, is particularly cheap. With their long lived assets that they have in the oil sands, the growth and that the stock has really never recovered from the 08 meltdown, it is a great long term buy. Oil prices are going to stay high as the world is running out of oil.

2011-12-28

HOLD

28.560

Gavin Graham

Oil stocks are near their 52 week lows when oil is at about $100. What happens if oil goes lower? Stock prices are already reflecting the oil price backing off as people don’t believe oil can stay up. If oil stays at current levels, then oil stocks are really cheap. This is one of the better managed integrated oil companies.

2011-12-28

Comment

28.080

Richard Croft

If you think oil is going to do okay in the next year, and he thinks it will have a slow recovery.

2011-12-21

TOP PICK

27.510

Hap (Robert) Sneddon FCSI

(A Top Pick Dec 22/10. Down 26.52%.) People hate it but unsure why. Probably the oil sands. Keystone pipeline is very vital to the US to get the product to the southern market. Looking at the price of this stock compared to the price of oil, it is apparent that the stock should trade at twice the price it is now. Eventually, Keystone pipeline is going to get built and West Texas crude is going to trade at a similar price to Brent crude and companies like this will benefit. Time to buy is not when everybody loves it, but when everybody hates it

2011-12-19

WAIT

27.590

Chart looks like it wants to come back to the $25 level. It is still in a downtrend. If it breaks to $25, $22 is where it probably goes to. Seasonal period doesn't start until February, so you might want to wait. $25 looks like a good place to step in.

2011-12-15

Comment

29.050

Michael Smedley

There are difficulties currently surrounding the oil sands. Blighted somewhat by having acquired Petrocan’s assets, which included Libya and Syria. He would worry about the rising costs that are deemed to be ahead. He is also concerned about the negative attitudes regarding the oil sands. It could go even lower.

2011-12-13

Comment

29.850

Colin Stewart

A lot of the large Canadian E & P companies are pretty beat up, particularly given how high oil prices are. As a long-term proposition, probably not a bad place to be. Pretty low multiples. The one knock is that they are so big, it is hard to move the needle. You can buy and put away for 20 years.

2011-12-09

BUY

29.540

John O'Connell, CFA

Feels there is definitely some tax loss selling going on. They had big bay expensive projects and a lot of mining operations. He prefers the SAGD operations or smaller projects, which are capital intense but in smaller chunks. You could buy and he thinks you will see $35-$40 again. Should be good production growth.

2011-12-08

TOP PICK

30.760

(A Top Pick Jan 5/11. Down 18.1%.) His model price is $56.55, an upside of 85%. Very cheap.

2011-12-02

BUY

30.760

Compared to other stocks in the sector, it is looking quite good but it is quite a grind. This is a stock that you buy now and hope that it gets back up to the $35 level. If it goes back down to $28.50, he'll sell his holdings.

2011-12-02

BUY

30.720

Eric Nuttall

Oil is a very under owned sector and that will be changing. Looking for a very strong December. This company has enormous leverage and is discounting around $73 long term oil and he feels long-term oil price is going to be well over $100. Execution is improving.

2011-11-30

PAST TOP PICK

29.350

(Top Pick Nov 9/10, Down 17.39%) Fabulous company. All the senior stocks were hit hard. If you buy them now

2011-11-29

PAST TOP PICK

28.140

(A Top Pick Dec 1/10. Down 19.74%.) Still likes it. Have some of the best properties.

2011-11-25

DON'T BUY

30.420

Bill Harris, CFA

Keystone pipeline from the oil sands is a big issue. We were essentially at 1.2 million barrels a day going to the US and this was going to add another 800,000 barrels in 2 years. Extremely important that these transportation projects go ahead. This is his favourite. Still has some operating issues.

2011-11-22

BUY

30.940

Mohsin Bashir

Long-term will be able to generate production of 530-580 thousand barrels per day. Great assets. Plan to increase 12% in oil sands production. Dividend is strong and can grow. Reasonable value.

2011-11-21

STRONG BUY

30.940

Barry Schwartz

This and Canadian Natural Rsrcs (CNQ-T) are probably the best oil based stocks in Canada. Terrific valuation. Expects they will earn cash flow per share of $6.50 next year, which is less than 5X cash flow. 30-40 years of reserves in the ground. $45-$50 stock in 3 to 5 years.

2011-11-21

DON'T BUY

31.820

Charles Lannon

Very deep and diversified resource base, excellent management and excellent operations but does not have a low-cost structure. Low by oil sands standards but high by global standards.

2011-11-17

HOLD

32.260

John Stephenson

One of the premium names in the oil/gas field. Has had a few issues such as the pullback in oil prices and the integration of PetroCan. Still a very strong story. It will be well above the $46 level in time in the next 5 years.

2011-11-15

TOP PICK

32.450

Jim Huang

(A Top Pick June 22/10. Down 2.43%.) Performance has been held back somewhat by what has happened in the Middle East. Now that they are growing the oil sands side there will be more growth and you’ll see the valuation come up closer to what it used to be.

2011-11-14

PAST TOP PICK

32.360

Jaime Carrasco

(A Top Pick Feb 18/11. Down 26.61%.) Likes this for the good exposure to oil, which continues to go up.

2011-11-11

STRONG BUY

31.610

Energy company with a DRIP program to hold for a long period of time? Thinks this one is worth $50 easy based on its earnings, reserves and future prospects.

2011-11-10

DON'T BUY

33.260

Paul Harris, CFA

The merger with Petrocan is coming along nicely but they are a higher cost producer and there's still not much transparency. Prefers Imperial Oil (IMO-T) and Cenovus (CVE-T).

2011-11-07

PAST TOP PICK

31.750

(A Top Pick Oct 20/10. Down 2.37%.) Still likes. Continues to exploit its assets and selling off nonstrategic assets.

2011-10-31

DON'T BUY

31.140

David Burrows

Oil sands companies are having a real hard time with their costs. TSX is very heavily weighted in these companies and it is holding the index back. Better places in energy to be focused.

2011-10-25

TOP PICK

31.580

Feels that energy stocks got hit twice, 1) by the markets and 2) by the drop in oil prices. Very strong oil sands production. Refining margins remain strong. Good chance that before year end they will raise their dividends.

2011-10-24

Comment

30.270

David Cockfield

If European Union names the tar sands as dirty oil, how will this impact the industry? Not a good thing. At will give encouragement to the US. Highly suspicious of some of the US environmentalists as some of their funding seems to be coming from US oil companies.

2011-10-21

SELL

30.040

Stan Wong

Very long term outlook is that prices will continue to rise in oil but in near term, if we look at soft economy, oil prices will continue to fall and will hit SU. Looks like it is hitting resistance right now. He got stopped out of it. Needs to see Europe come around and that China is not going to have a hard landing.

2011-10-19

BUY

30.600

Colin Stewart

An example of a large cap Cdn energy company that’s very beat up. Attractive value opportunity at these levels.

2011-10-18

TOP PICK

30.690

Likes to buy the larger cap stocks around their bottoms. Have a little bit less risk so if you are wrong, they are liquid and you can get out. Hitting a bit of a bottom here. Likes oil/gas stocks. Ranks well to its peers on a fundamental basis.

2011-10-14

HOLD

29.140

Eric Nuttall

Deep discounted stock at $72 oil. More the US investor that will drive the price as this is the biggest component of the energy index. Average US investor has been negative on oil until recently. Very cheap. If you hold for 1 to 2 years, depending on what happens in Europe, he expects you will make 50%.

2011-10-13

TOP PICK

28.850

(A Top Pick Nov 8/10. Down 19.29%.) Oil sands stocks have been hurt more probably than any other. His model price is $52.72, and 87% upside.

2011-10-11

BUY

28.070

Andrew Hamlin

A “go to” name in energy in Canada. Investors have punished the big liquid energy names a little harder. With the current oil prices, it can fund all of its CapX projects through internally generated cash flows and still have $9-$10 billion liquidity.

2011-10-07

DON'T BUY

28.070

Don Vialoux

Sad chart. Accelerating on the downside. Not showing any indications of trying to support at these levels. Seasonality, it does not do very well at this time of year until January when it gets seasonal strength. Too early to buy.

2011-10-07

BUY

25.280

Michael Decter

Would be a little patient with this one given the nature of the market selloff. Probably the best value of major oil in Canada right now.

2011-10-03

Comment

26.760

Bill Carrigan

One of the worst performers. Now entered the space of the 09 consolidation. Not too many energy stocks have done that. Try to find energy stocks that have found support at the 2010 lows instead. If you want to play energy, he would suggest you just play the S&P/TSX Energy ETF (XEG-T). (See Top Picks.)

2011-09-30

Comment

27.710

Gavin Graham

One of the best managed integrated oil companies in North America. Down about 50% from early March as it is regarded as a play on economic growth. Bas big oil sands exposure and people worry if oil price is going to be lower margins will be squeezed. If you are comfortable that oil prices are going to stay around $80-$90, this is not a bad buy.

2011-09-29

BUY

26.320

Likes assets and management. It is a commodity stock mainly. Oil sands are tied in tightly with price of oil, which is going down. Long term it is a great company but near term it is subject to the price of oil. Wait for the price to stop going down to begin new positions.

2011-09-23

DON'T BUY

26.210

Charles Lannon

Go with a longer time buy horizon, say 4-5 months. Dollar cost average. You might also want to look at others outside of the oil sands. Not his first choice. Try Royal Dutch.

2011-09-22

TOP PICK

28.890

Integrated oil company. Have some of the best properties. Has been punished with the recent pullback in oils. Buzzard operation is coming back on stream.

2011-09-20

BUY

29.440

Barry Schwartz

Ford (F-N) versus Suncor (SU-T). Caller is thinking of switching from Ford to Suncor.. Doesn't follow Ford but thinks car sales will continue to be slow. Does like Suncor and owns it.

2011-09-14

WAIT

28.570

Mike S. Newton, CIM FCSI

Has been an entry point for 3 years. A terrific company, but he would wait now for that space to pick up. He prefers Crescent Point for the dividend. Don’t pull the trigger on SU yet.

2011-09-13

WAIT

28.510

Joanne A. Hruska, CFA

Is a name she would recommend for long-term clients. Baring a European that is not already priced into these stocks, you are getting all of the international assets for free. The price is only for the oil sands. A few months of volatility to come.

2011-09-12

HOLD

29.450

Gavin Graham

Buy stocks on “Peak Oil” theories”? Don’t buy stocks based on this theory. Buy on demand, which is going to be there. Also buy on the basic fundamentals of companies. This one hasn’t been a great investment over the last few years

2011-09-09

Comment

29.280

Jamie Horvat

Oil sands’ names are really a bet on oil prices. Oil is correlated to global growth. Near term, there is weakness and fear on the lack of growth in the US and globally. Next few quarters, oil will be suppressed a little. Sees marginal cost of production around $85 a barrel. Okay for a 3-5 year time horizon.

2011-09-06

DON'T BUY

30.000

Don Vialoux

Hasn't been following it seasonal trend in the last year. Seasonal strength is usually from mid-Jan through to of both September of each year.

2011-09-02

BUY

31.380

Ross Healy

Still trading at a premium to book value. Doesn’t know why a company would by back stock above book value. Close to its downside levels. We are finding out if market is valuing Suncor as just Suncor or as Petro Can as well. Likes it and it is cheap.

2011-08-31

BUY

30.560

Douglas Kee

Dividend is safe and expects they will increases over time but won't be big as they are trying to plow the money back into the business. Well managed. Will do well over time.

2011-08-29

TOP PICK

29.780

Oil has been hit with a double whammy with the stock market coming off and oil prices have dropped. Oil stocks have been overly punished.

2011-08-26

STRONG BUY

30.280

Terrific buy. Oil around $80-$90 a barrel they should be $40. Have interests in Libya. May get assets back in Libya. Doesn’t think environmental protestors will shut down oil sands. He has been buying it.

2011-08-24

BUY

30.100

One of his largest holdings and almost a top pick tonight. Offers compelling value. Extremely diversified play. Downstream operations, oil and gas, some of the best properties in North America. Good balance sheet. Excellently managed company and sells at a slight premium as always.

2011-08-23

STRONG BUY

28.830

Chyanne Fickes

This is a very good time to buy. Even if oil goes lower, their balance sheet is very good and their CapX will not be affected.

2011-08-22

DON'T BUY

28.830

Chart really looks bad. Have support last year at around $31 and it has broken through this with gusto and has not found in the great support yet. The only support he sees is at around $24.

2011-08-22

DON'T BUY

29.220

David Cockfield

Problem from a trading standpoint is that if the US people get real enthused about it, they can push it up significantly. Yield is not very exciting. As an integrated, it is into the problems that you get in the downstream on margins. These have been pretty good but think they will be limited in the near term. Sold his holdings and prefers others.

2011-08-19

BUY

29.670

Peter Brieger

Has come down in terms of cash flow multiples. Used to be 10 to 12 times and is now down to about 8. Very attractive.

2011-08-18

TOP PICK

31.890

Andrew Hamlin

Likes energy and continually looks for ways to get cheap exposure. Has been punished significantly. Very cheap at this price. Oil Sands assets of about $30 NAV and conventional gas of about $8 NAV. Yield of about 1.4%.

2011-08-16

BUY

32.430

Current price is about as low as it is going to go. 8%-10% production growth for at least 10 years. Probably the best senior oil sands play. Highest percentage of US ownership of a Canadian oil so it tends to swing more as US investors trade more than we do. Cheap.

2011-08-15

BUY

31.280

Mason Granger

Just came through a 6 week turnaround and June-July production was about 95% of their capacity. Thinks there will be some pretty solid operating performances. Trading at a slight discount to its peers.

2011-08-10

Comment

31.000

Colin Stewart

One of the large Canadian blue-chip integrated oils. With recent sell off in the stock and energy, it looks very cheap. Has a bit of a dividend. Not enough growth for him. If you like this company, you could hedge your position by shorting the energy index against it, which would give you a basket of larger cap names.

2011-08-09

DON'T BUY

31.000

John O'Connell, CFA

Is going to lag on the way up. Reclamation costs and costs to get stuff out of the ground will just continue to increase, prefers CNQ.

2011-08-09

BUY

35.280

Christine Poole

If you want oil sands exposure, this is a good entry point. She has Canadian Natural Resources (CNQ-T) because of its more diversified asset base. With the pullback in crude and current market uncertainty this is a good entry point for energy names.

2011-08-02

BUY

35.280

Michael Decter

Would be happier to see oil at $90 because of the effect on motorists in a slowing economy. This and Husky (HSE-T) are probably the most undervalued energy companies.

2011-08-02

BUY

38.140

Was a very big believer in the synergies and cost cutting that would come out of the Suncor and Petrocan merger. Likes their oil sands exposure. Great management. Syrian and Libyan holdings have hurt them. Had refineries down for maintenance longer than expected. Great company in the long-term.

2011-07-27

PAST TOP PICK

39.200

(Top Pick July 28/10, Up 20.45%) Largest holding in energy sector. Excellent properties within Canada. Good production profile going forward.

2011-07-26

TOP PICK

39.440

Stock prices should be significantly higher over the next few years. When global investors are looking around for exposure to energy they are looking to Canada. Down almost 50% from its peak. Hitting their production targets as expected.

2011-07-25

BUY

38.330

Peter Brieger

2nd favourite oil sands stock. Prefers Canadian Natural Rsrcs (CNQ-T), which has a broader base approach.

2011-07-20

BUY

37.550

John Stephenson

Is the grand daddy of oil sands companies. Very attractive. SU is a pure play in oil sands. Well managed. Had some hiccups with Petro Canada merger but they are behind them now. It is a great opportunity here since it has come down.

2011-07-18

TOP PICK

38.070

Jim Huang

(A Top Pick June 22/10. Up 15.86%.) Bullish on oil prices. This is one of the preeminent oil sands companies. Have one of the best policy leases in the country.

2011-07-13

BUY

37.980

Ross Healy

Pretty much at the low end of its valuation range for his calculations. Nice upside potential.

2011-07-12

PAST TOP PICK

37.980

(Top Pick Aug 4/10, Up 11.43%) Still pretty keen on it. Discounting $70-$80 oil. Has cleaned up most of the Petro Canada assets that they didn’t want. Will show 8-10% yearly growth for the decade. If oil drifts over $100 you could get a nice return at some point. One of his favourite oils.

2011-07-12

TOP PICK

39.290

(A Top Pick July 8/10. Up 19.31%.) Has a model price of $65.13, a 66% upside. Great buying opportunity.

2011-07-08

PAST TOP PICK

37.610

(A Top Pick July 09/10. Up 14.65%.) Likes the oil sands.

2011-06-29

DON'T BUY

37.520

David Burrows

Widely held stock that has disappointed folks over the last year or so. Specifically it is not a pure play on oil sands. It is a marketing business from Petro Canada. Disappointing from a production standpoint. Prefers a bigger dividend.

2011-06-28

BUY

36.960

Has probably some of the best assets of all the Canadian oil/gas companies. Largest integrated oil company in Canada. Have a lot of potential. Got hit in Libya, which has hurt them a little. Extremely well-managed.

2011-06-20

PAST TOP PICK

38.390

Jaime Carrasco

(A Top Pick Feb 18/11. Down 14.68%.) Great assets on a long term basis.

2011-06-14

TOP PICK

37.590

Petrocan merger has worked out fine. Have a lot of assets to grow into. Oil sands are great long-term assets. Canada is looking pretty low on the political risk spectrum.

2011-06-13

TOP PICK

38.800

(Top Pick Jul 8/10, Up 19.90%) Compelling numbers. $61.90 model price, 60% upside. Huge upside. Petro Canada thing is still going on. It will take years to rationalize the acquisition.

2011-06-09

BUY

38.850