| PAST TOP PICK | 44.750 | John Stephenson | (A Top Pick Aug 8/07. Up 24%.) No longer has a position. A Hold at the current time. | 2008-06-16 | |
| TOP PICK | 42.120 | Michael Simpson, CFA | Canadian-based but have operations in the Netherlands, France and Australia. Q1 basic payout ratio was about 36% so there is significant room to either increase distributions or to make a large acquisition. Undervalued at about 5X cash flow. | 2008-05-14 | |
| TOP PICK | 34.600 | Dean Orrico | Has production in France, Netherlands and Australia where it is producing much more economically than in Canada. Lowest payout ratio in the sector. | 2008-01-29 | |
| PAST TOP PICK | 40.310 | Patrick Kim | (A Top Pick Nov 1/06. Up 20%.) Gas. Has outperformed a lot of the trusts. International assets, so not focused in Alberta. | 2007-11-02 | |
| PAST TOP PICK | 37.300 | Patrick Kim | (A top pick Nov 1/06, up 20.5%) best oil/gas royalty trust performer in 2007. unique portfolio, a lot of assets outside of Canada. A bit riskier. | 2007-09-21 | |
| TOP PICK | 35.950 | John Stephenson | Fairly oil weighted. International with properties in France, Netherlands and Australia. Has a stake in Verenex Energy (VNX-T), which is exploring in Libya. | 2007-08-21 | |
| BUY | 37.200 | Sandy McIntyre | Allocates about 40% of their cash flow to distribution and about 50% to maintain and grow production with the balance going towards debt repayment. | 2007-08-13 | |
| TOP PICK | 37.700 | John Stephenson | A defensive holding. 5.4% yield. Its properties are in France, the Netherlands and Australia. Has an interest in a company that is producing out of Libya. Risk/reward is very good. | 2007-08-08 | |
| PAST TOP PICK | 34.510 | Dean Orrico | Oct 6 2006
Then $33.20
There is a continuity of management. Still likes them. | 2007-06-14 | |
| TOP PICK | 34.510 | Alan Blake | A very strong management team. They've grown their business offshore, they've gone into France and Australia, and are adding barrels at half the cost of adding barrels in Canada. | 2007-06-14 | |
| WATCH | 35.600 | Kenneth P. Norquay, CMT | Had a good run, and now is going sideways. If it goes below around 29.7 sell, it goes above around 36.8 with volume then buy.. | 2007-06-01 | |
| BUY | 35.950 | Michael Sprung | Good long-term hold. Well-managed company. Potential for good gain. | 2007-05-28 | |
| PAST TOP PICK | 36.750 | Patrick Kim | (A Top Pick Nov 1/06. Up 11%.) This is a core holding that you should look at. A lot of their assets are outside of Canada. Great diversified portfolio. | 2007-05-14 | |
| BUY | 35.350 | Glenn MacNeill, P.Eng. | Internationally oriented. Very well run trust. Good capital appreciation. Only pays about 5%-6% on its cash to cash return on its distribution. Market is looking for a lot of growth. | 2007-05-09 | |
| TOP PICK | 32.400 | Michele Robitaille | Very significant international operations. Evenly balanced between oil & gas. Strong management team. Payout ratio is about 45% of their CapX. Won't be impacted by the governments tax legislation. Strong balance sheet. Trading at about net asset value. | 2007-03-23 | |
| BUY | 31.770 | Ben Cheng | One of his favourites. Strong management team. Have a significant amount of assets outside of Canada. The legislative changes in trusts should have very little effect on this one. | 2007-03-02 | |
| PAST TOP PICK | 32.070 | Patrick Kim | (A Top Pick Nov 1/06. Down 2.3%.) There is a lot of pessimism in terms of energy. This one is held in relatively well compared to other royalty trusts. | 2007-02-22 | |
| TOP PICK | 32.450 | Michele Robitaille | Only oil/gas trust with significant international operations. 40% of operations are in Canada and the rest being in France, Netherlands and Australia. Strong management. High-quality asset base. Payout ratio of about 40%. A leader in adding production and reserves. Very strong balance sheet. | 2007-02-02 | |
| BUY | 32.060 | Bill Carrigan | Slightly higher bottom in January than what it had in November. A slightly higher low is probably a good sign. | 2007-02-01 | |
| BUY | 31.520 | Michael Decter | Of the oil/gas trusts, Penn West (PWT.UN-T) and Vermilion (VET.UN-T) are his 2 favourites at this point. Looking for them to be much stronger in the 2nd half of the year. | 2007-01-18 | |
| BUY | 31.550 | John Stephenson | Did well last year and thinks it will do well going forward. International and very little of its production comes from Canada. Because it is paying taxes elsewhere, the ruling on trusts is not as much of an issue. | 2007-01-05 | |
| BUY | 33.640 | Ben Cheng | Will be a survivor when it becomes taxable in 2011. | 2006-12-01 | |
| PAST TOP PICK | 32.160 | Glenn MacNeill, P.Eng. | (A Top Pick Oct 20/05. Up 39%.) Has production in France and Netherlands, so tax in Canada is somewhat sheltered. Still likes. | 2006-11-10 | |
| PAST TOP PICK | 33.250 | Ian Nakamoto | (A Top Pick Nov 2/05. Up 29%.) The whole income trust sector is under a little bit of a cloud now. | 2006-11-07 | |
| TOP PICK | 33.250 | Patrick Kim | (A Top Pick Nov 4/05. Up 22%.) Has benefited from the increase in oil prices. Likes their international diversification, which won't be as affected by the new tax rules. | 2006-11-01 | |
| DON'T BUY | 37.300 | Robert Toole | The most conservative trust out there. Low payout ratio. A low 5%-6% yield. Not a lot of upside. | 2006-10-27 | |
| BUY | 33.720 | John Stephenson | Stands apart from the rest of the trusts because it is international. | 2006-10-12 | |
| TOP PICK | 33.200 | Dean Orrico | Has about 60% of its business offshore. 40% payout ratio. Well positioned from a downside perspective. There will be a lot of growth, particularly outside of Canada. | 2006-10-06 | |
| PAST TOP PICK | 34.000 | Ian Nakamoto | (A Top Pick Nov 2/05. Up 31%.) An international energy company. Still likes. | 2006-09-11 | |
| PAST TOP PICK | 34.080 | Glenn MacNeill, P.Eng. | (A Top Pick Oct 20/05. Up 23% plus distributions.) Have a good slate of properties. Good, solid operators and excellent management. | 2006-09-08 | |
| PAST TOP PICK | 36.190 | Ian Nakamoto | (A Top Pick Jan 31/06. Up 43%.) Very strong fundamentals. | 2006-08-03 | |
| TOP PICK | 32.710 | Glenn MacNeill, P.Eng. | Yield of about 6%. Low payout ratio of about 42%. Conservatively managed. Low debt. Has an attractive group of international assets. | 2006-07-19 | |
| BUY | 32.250 | Dean Orrico | Good quality holding. They have been effectively able to grow their asset base on an accretive basis. Off shore oil and gas. You could see a distribution increase later this year. | 2006-06-23 | |
| PAST TOP PICK | 30.970 | Neil Wickham | (A Top Pick May 30/05. Up 34%.) One of his best oil/gas trusts. Has got a little more expensive. One of the few oil/gas trusts with activities outside of Canada. Low payout ratio. | 2006-06-20 | |
| TOP PICK | 32.800 | Michael Simpson, CFA | Pays about 6%. Have properties in western Canada, France, Netherlands and Australia. Low payout ratio. He is forecasting a 10% distribution increase. Very good at creating value. Good management. Low debt. | 2006-06-01 | |
| TOP PICK | 32.350 | Leslie Lundquist | Undervalued relative to some of its peers. Good exposure to both oil and gas. Operates out of Canada in stable countries. This generally means you get lower acquisition costs. Have a yield of 6.1% that she thinks will go higher. | 2006-05-17 | |
| PAST TOP PICK | 33.850 | Kevin Hall BComm, CFA | (A Top Pick Feb 17/06. Up 17%.) High-quality name that continues to deliver quarter after quarter. | 2006-05-05 | |
| TOP PICK | 29.530 | Kevin Hall BComm, CFA | Have a substantial exposure in international assets. Extremely good balance sheet at .3 debt to cash flow. Have a couple of very good plays in the junior exploration/production sector. | 2006-02-17 | |
| PAST TOP PICK | 30.450 | Patrick Kim | (A Top Pick Nov 4/05. Up 13%.) Continues to be a favourite name with him. At $30, the valuation is looking a little rich. A great diversified story with the majority of their assets being outside of Canada. | 2006-01-13 | |
| PAST TOP PICK | 29.740 | Michael Simpson, CFA | (A Top Pick Oct 7/05. Up 10%.) Have holdings in western Canada, France and Australia. Currently in negotiations with Exxon to acquire more land in France. They understand the sustainable model for oil/gas royalty trusts. | 2005-12-30 | |
| BUY | 30.250 | Brendan Kyne | A nice steady, good quality trust. Should continue to move up. | 2005-12-14 | |
| TOP PICK | 26.520 | Patrick Kim | More than half of their assets are outside of Canada which is unusual. Known for very innovative and profoitable investments in high growth development plays. Liked their acquisition of Glacier Energy. Good price. | 2005-11-04 | |
| TOP PICK | 25.760 | Ian Nakamoto | Income trusts have been hammered down, so the price is good. A very well run company. Reserve life of about 10 years. A low cost producer. International assets. 8% yield. | 2005-11-02 | |
| TOP PICK | 23.600 | Glenn MacNeill, P.Eng. | Good management that has gone out and grown the company. Have recently announced that they are in exclusive negotiations with Exxon Mobile (XOM-N) for some properties in France to match up with their currently owned assets there. International focus. | 2005-10-20 | |
| BUY | 24.810 | Dean Orrico | A gas weigted trust primarily off shore. The gas story continues to be quite attractive. Expect to see distribution increases before the end of the year. | 2005-10-18 | |
| TOP PICK | 26.830 | Michael Simpson, CFA | Likes it because it is geographically diversified. Located in Canada, France, Netherlands and Australia. Modest debt levels. Very strong management. At about a 50% payout so they can increase it. Have an interest in a junior oil/gas in North Africa and Glacier drilling for coal bed methane in Alberta and these are not reflected in the price. | 2005-10-07 | |
| BUY | 25.200 | Dean Orrico | Good quality and excellent track record. Have done some things that are somewhat unique in the Cdn oil/gas trust market by going outside Canada, such as the Netherlands and Australia at lower prices. | 2005-07-29 | |
| BUY | 25.050 | John Stephenson | Great story. Relatively low debt level. International focus. | 2005-07-27 | |
| PAST TOP PICK | 22.980 | Garth Jestley | (A Top Pick Jan 21/05. Up 19%.) Unique in the royalty trust sector. Has 2 legs outside of canada, Europe and Australia. | 2005-06-03 | |
| TOP PICK | 23.140 | Neil Wickham | A little different than a lot of the other energy trusts with a payout ratio of about 60% using 40% to rebuild reserves. Also goes outside of Canada to buy reserves. | 2005-05-30 | |
| BUY | 22.700 | Kevin Hall BComm, CFA | This trust stands out amongst royalty trusts. It has western Canadian assets but also has some international assets in Europe, France, offshore Australia. Also have some interests in some junior oil and gas plays. | 2005-05-06 | |
| BUY | 20.250 | Glenn MacNeill, P.Eng. | Has done a number of very accretive moves. Have a number of proerties in France. Has been relatively quiet as far as performance goes, trading in around the $19/20 over the last year. Well managed. Market seems to have ignored it. | 2005-01-14 | |
| BUY | 19.000 | Glenn MacNeill, P.Eng. | Has a lower payout ratio in the 60% range. Have done some innovative things. Has plateaued out. Good management/assets. | 2004-11-05 | |
| VAGUE | 18.600 | Blair Wilson | Perform very well. Operating profits have been a success. Target is 18.25 dollars. | 2004-08-31 | |
| BUY | 18.470 | Blair Wilson | Q:Arc versus Vermillion. A: The new kid on the block with some international exposure. Trades at a cheaper level. A higher risk. Has a sector outperform recommendation. | 2004-07-22 | |
| BUY | 18.150 | Glenn MacNeill, P.Eng. | A favorite. Have a consistent track record of growing their production. Good assets. Excellent management. | 2004-06-25 | |
| PAST TOP PICK | 18.130 | John Priestman | (A top pick Jan 21/04. Up 9.6%.) Like this one because it's a different business model. Their focus is in international markets. | 2004-05-26 | |
| HOLD | 17.740 | Leslie Lundquist | A very high quality oil/gas trust. | 2004-05-18 | |
| BUY | 18.050 | Leslie Lundquist | A well regarded name. | 2004-04-15 | |
| BUY | 18.200 | Dean Orrico | Has been an excellent performer with are relatively low payout ratio. Low debt. Made a significant coup in acquiring assets in the Netherlands. | 2004-04-05 | |
| BUY | 18.400 | Leslie Lundquist | Widely liked by the analysts and investment community. Should do well for investors going forward. | 2004-03-22 | |
| SELL | 18.100 | Peter Brieger | Great fan of natural gas income trusts but prefers others with longer life reserves as well as growth in production. | 2004-03-16 | |
| BUY | 15.700 | Ben Cheng | One of the better oil and gas trust. Has been trying to sell ownership of Adventura, to pay down debt. Not bad | 2004-02-05 | |
| TOP PICK | 16.600 | Garth Jestley | Great balance sheet and low payout ratio. Management has done a great job in creating value. Should season very positive developments in 2/3 months. | 2004-01-21 | |
| DON'T BUY | 14.510 | Peter Brieger | A good company, has done well, but prefers companies that are heavily oriented to natural gas. | 2003-10-15 | |
| BUY | 15.000 | Glenn MacNeill, P.Eng. | A favorite. Only gets a small portion of its cash flow in distributions. Own 72% of Adventura which could add up to $3/4 extra per unit. | 2003-09-24 | |
| BUY | 14.750 | Sandy McIntyre | Has an asset called Avidshuro in Trinidad and expects more positive news to come. | 2003-08-25 | |
| PAST TOP PICK | 12.650 | Glenn MacNeill, P.Eng. | (Was a top pick onMar 12 . No change.) Still likes. | 2003-05-01 | |
| BUY | 12.450 | Richard Stone | Caller asked for his favourite oil/gas trust. Four given were Acclaim, Vermillion, Arc Energy and Shining Bank. | 2003-04-21 | |
| TOP PICK | 12.050 | Glenn MacNeill, P.Eng. | Good properties. Owns a good asset in Trinidad which could be sold at a good profit. | 2003-04-14 | |
| BUY | 12.310 | Garth Jestley | Reserve life of 10.5 years. | 2003-04-02 | |
| BUY | 12.680 | Sandy McIntyre | High quality assets in France. Good possibilities in Trinidad. | 2003-03-06 | |
Experts that have talked about Vermilion Energy Trust
