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| Joseph Schachter of Schachter Asset Management |
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| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Thinks the US$ will go lower so commodities will go up. But there will be a rally if there is more trouble in the middle east or the economy rebounds in the US. If we have a very cold winter we may have some increase in Nat Gas prices, otherwise a retreat. | 2009-10-20 | ||
| BUY on WEAKNESS | Questerre Energy | QEC-T | 2.680 | 52 week high today. Still in the pilot stage. Will be another year to get into development. If you own it, stay with it, no urgency to buy it. If there is a correction, then load up on it. Fabulous buy under $2 | 2009-10-20 | ||
| WAIT | Sterling Resources | SLG-X | 1.580 | Nice run from the lows. This is a company that has two nice discoveries – UK and Romania.. Should have production Q1 2012. Could be a $5-6 stock in 2012. Could take profits at these levels. Buy below $1.25 | 2009-10-20 | ||
| DON'T BUY | Penn West Energy Trust | PWT.UN-T | 17.500 | The trust is over soon. The company is gearing up for post-tax-protection. These companies are all in a transition phase and this is a risk. It’s going from an income investor to an equity investor. Many of these companies will have to cut back or eliminate distributions. | 2009-10-20 | ||
| HOLD | UTS Energy | UTS-T | 2.240 | Could be taken over any day. Management wants to get a fair price for the company. We know the asset is there. | 2009-10-20 | ||
| BUY | Talisman Energy | TLM-T | 19.700 | Has liked this company all along. Management team does a fabulous job, great assets globally. Don’t chase it here. | 2009-10-20 | ||
| PAST TOP PICK | Delphi Energy Corp. | DEE-T | 1.620 | (Top Pick Nov 14/08, Up %24.6) Would be a buyer here. Like the company. They have an oil business to grow while Nat Gas is suffering. | 2009-10-20 | ||
| PAST TOP PICK | WesternZagros Resources Ltd. | WZR-X | 1.760 | (Top Pick Nov 14/08, Up %155) Drill well right now. Looking to find 500 Million bpd. There has been a lack of news recently. Buy on weakness below $1.50. A risky play for some. | 2009-10-20 | ||
| PAST TOP PICK | Vero Energy Inc. | VRO-T | 4.750 | (Top Pick Nov 14/08, Down 25%) Because of debt load they have not done as expected. | 2009-10-20 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Nat Gas: If you have a normal winter we will still have excess capacity at the end of it. | 2009-10-20 | ||
| SELL | Bankers Petroleum | BNK-T | 4.970 | Production numbers have not come on as quickly as expected. Production profile is down, not up, which is what you want to see. It is trading at an expensive price. Market s looking at reserves in the ground and is doing horizontal drilling. You want to take some profits. | 2009-10-20 | ||
| HOLD | Canadian Oil Sands Trust | COS.UN-T | 33.320 | Getting back near its highs. If you have 2 to 3 years, definitely hold it and wait for weakness to buy more, otherwise there is not much more upside. | 2009-10-20 | ||
| DON'T BUY | Vast Exploration Inc. | VST-X | 0.670 | Because of aggressive cash burns has raised a lot of equity and he is not keen on owning a company that does this. | 2009-10-20 | ||
| BUY on WEAKNESS | Suncor Energy Inc | SU-T | 39.870 | Well managed. You may see stock under $30 if you are pessimistic on oil. | 2009-10-20 | ||
| BUY | Sea Dragon Energy Inc. | SDX-X | 0.280 | Focused in Egypt. Potentially exploration upside. Currently raising money and that is holding the stock back. As they take operatorships in Egypt that they can run themselves, we will all be happy investors. | 2009-10-20 | ||
| BUY | Paramount Resources | POU-T | 14.800 | Fabulous run. Part of reason is (1) the gas price recovery, (2) the balance sheet is very strong and (3) they own a large slug of land in North Dakota where some of the initial well information is expected very shortly, which will have a lot of upside potential. | 2009-10-20 | ||
| HOLD | Husky Energy | HSE-T | 32.770 | Has not responded, but has been a descent return. But will stay 2 or 3 dollars either side until we see a sustainable recovery in the economy and we see something happen in Nat Gas. This is a nice way to get into the patch for the conservative investor. Reasonable dividend 3.6%. Not likely to be taken over. | 2009-10-20 | ||
| TOP PICK | Delphi Energy Corp. | DEE-T | 1.620 | Has a very dominant core in west Alberta. There is vertical as well as horizontal potential. They’ve started going after the horizontal natural gas. Just did a number of acquisitions to try to get control of that area. By next year they should be doing about 8,000 bue’s a day. They estimate $.35 in cash flow. | 2009-10-20 | ||
| TOP PICK | Gran Tierra Energy Inc. | GTE-T | 5.120 | They are fully valued today. Biggest upside is in Peru. They are going to drill next year in Q2/Q3 next year. It is light and medium gravity oil. If they have any success we would be looking at a double-digit target. | 2009-10-20 | ||
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| TOP PICK | Niko Resources | NKO-T | 90.560 | There are a number of things they are going to drill on the upside. The big upside is that they are the operator of the play in Kurdistan. There will be a lot of cash flow coming out of India that they can then go and drill 7 or 8 high impact plays. If there is any success, then this stock goes higher. | 2009-10-20 | ||
| WAIT | Canadian Overseas Petroleum | XOP-X | 0.650 | Had a good run. He is going after some of the assets that were in Oil Exco. In the process of raising money. Until we see the format of the financing, wait before being a buyer. Will play out I the next few months. | 2009-10-20 | ||
| TOP PICK | Delphi Energy Corp. | DEE-T | 1.050 | (A Top Pick July 25/08. Down 59.92%.) Have become very careful with their debt load. Production is right where he wants them to be. Cash flow has improved because of hedging. Increased production in Q2 versus Q1. Acquiring Fairmount Energy (FMT-TX). By below $1. | 2009-08-21 | ||
| TOP PICK | Galleon Energy Inc. | GO-T | 4.350 | Has a core area in the Peace River arch of about 1 million acres. Mostly natural gas but a good oil weighting. Balance sheet is in good shape. Think they will do over $1 in cash flow this year. BV is $8.45. Think they will be increasing production by the 4th quarter. (Doesn't own but has other relations with the firm.) | 2009-08-21 | ||
| TOP PICK | Gran Tierra Energy Inc. | GTE-T | 4.350 | Colombian basin. Had some problems recently with a tax on the pipeline system. Costayaco play has continued to work out for them. Should do about $.80 in cash flow. As upside in other areas of Colombia and will be doing some high impact exploration drilling. Also have upside in Peru. Pristine balance sheet. | 2009-08-21 | ||
| PAST TOP PICK | Canadian Superior Energy Inc | SNG-T (Dead) | 0.730 | (A Top Pick July 25/08. Down 79.53%.) Massive natural gas discovery in Trinidad. Management concerns and is expecting changes/go forward strategies on Sept 9 so wait for guidance. (Doesn't own but has other relations with the firm.) | 2009-08-21 | ||
| PAST TOP PICK | Niko Resources | NKO-T | 72.910 | (A Top Pick July 25/08. Down 8.73%.) The D6 play in offshore India is on. Ramping up of the volumes will occur between now and the end of the year. Have a fixed contract for gas at $4.20. Look for an entry point anywhere below $70. (Doesn't own but has other relations with the firm.) | 2009-08-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural Gas. Did what he expected by dropping to the $2.95 area. US inventories are at about 3.2 TCF and maximum capacity is about 3.7. Plugging in the average of 5 years storage between now and end of September, it will be full either the last week of September or the first week of October. Withdrawal does not start until November 1st so there may be a few weeks where there is no place to store, which might have prices go down to very low levels such as $1 or $1.50. | 2009-08-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil. There is still 100 million barrels more in storage. Demand did not go up and once you get past Labour Day gasoline demand will fall off again so there will be too much crude. OPEC is cheating at 75% compliance versus 80% a couple months ago. Expecting $10-$15, maybe $20 of downside in the S&P TSX energy index. When the correction comes you want to be ready to buy the bargains. | 2009-08-21 | ||
| Comment | Vast Exploration Inc. | VST-X | 0.475 | In Kurdistan with Niko Resources (NKO-T) as their main partner. Niko is talking about drilling in either Q1 or Q2 of 2010. Prefers to play this through Niko or WesternZagros (WZR-X). | 2009-08-21 | ||
| BUY on WEAKNESS | Crew Energy Inc. | CR-T | 5.740 | Acquired Gentry Resources last year, which gave them more oil bases in the Princess area. Using some of the new horizontal techniques. Recently did a financing to pay down debt along with their cash flows. Should be a survivor. Could potentially drop below $5. | 2009-08-21 | ||
| BUY on WEAKNESS | WesternZagros Resources Ltd. | WZR-X | 1.810 | If there is an oil price correction as expected you might see the stock below $1.30. If the stock has not corrected by end of September, early October then you want to be a buyer | 2009-08-21 | ||
| HOLD | Paramount Resources | POU-T | 8.300 | Natural gas. Good operators and great land spread in Western Canada. Very strong balance sheet. On a 3 to 5 year time horizon he thinks the stock is potentially a double. | 2009-08-21 | ||
| BUY on WEAKNESS | Talisman Energy | TLM-T | 17.900 | Good management and good assets. Below $15 would be a great entry point. | 2009-08-21 | ||
| BUY | Trans Canada Corp | TRP-T | 31.990 | Bringing on an oil pipeline system into the US, which will bring a lot of upside growth. Once natural gas prices recover in the next couple of years, they will be involved in any expansion in Western Canada. | 2009-08-21 | ||
| BUY on WEAKNESS | Sea Dragon Energy Inc. | SDX-X | 0.175 | New management changes. Just announced their first deal in Egypt with Premier Oil Overseas taking on wells that can do a couple of thousand barrels a day. They will take a 10% interest. Looking for more deals and he is hoping they will be up to do that. Stock is at about $.17 and they have about $0.08 in cash. | 2009-08-21 | ||
| BUY on WEAKNESS | Bankers Petroleum | BNK-T | 3.740 | Heavy oil project in Albania. Good management. Having good success with some of their horizontal wells that can do 150 to 160 BOEs a day but generated only $0.03 in cash flow or $0.12 annualized. Most companies trade at 4 or 5 times cash flow so trading way above what they should be.$2.80 or lower would be his entry point. | 2009-08-21 | ||
| DON'T BUY | Compton Petroleum | CMT-T | 1.110 | A couple of problems. 1) In the gas business and 2) have a very high debt load. New management is focusing on cutting costs. Speculative. Consider selling for tax losses. | 2009-08-21 | ||
| BUY on WEAKNESS | Suncor Energy Inc | SU-T | 35.530 | Has done very well because of its leverage to oil prices. If there is a correction in oil prices, he could see this dropping to below $30. | 2009-08-21 | ||
| Comment | Vermilion Energy Trust | VET.UN-T | 30.040 | Good management. Trying to sell their Libyan assets. | 2009-08-21 | ||
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| BUY on WEAKNESS | Canadian Natural Rsrcs | CNQ-T | 65.000 | Fabulous company. Horizon is now on and is ramping up. Using the cash flow to pay down debt. Would be a fabulous by $55-$60. | 2009-08-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Worst of the recession is behind us, but US inventories are way too high. Chance for a significant correction. Oil could go to $40-42. | 2009-05-01 | ||
| BUY on WEAKNESS | Delphi Energy Corp. | DEE-T | 1.050 | Despite a weak commodity market will be able to bring on new production. Did a good job in hedging. Will start performing in 3’rd and 4’th quarter. | 2009-05-01 | ||
| BUY on WEAKNESS | Precision Drilling | PD-T | 5.550 | We are in the spring break up when demand is at its lowest level. No reason to be chasing the stock right here. | 2009-05-01 | ||
| HOLD | Suncor Energy Inc | SU-T | 32.370 | PCA is great acquisition for Suncor. 95% chance of it going forward. They will sell off some of the non-core assets. They are high beta to the price of oil. | 2009-05-01 | ||
| HOLD | TriStar Oil & Gas | TOG-T | 11.000 | Could be a $1 or $2 correction in this one. | 2009-05-01 | ||
| WAIT | Bankers Petroleum | BNK-T | 1.730 | He likes this one. They don’t make much at these oil prices. Probably wont do anything short term on the up side until oil increases. Has s good balance sheet. | 2009-05-01 | ||
| TOP PICK | CASH | CASH | 0.000 | Sitting in 20-30%. Could be 20-40% cuts in many stocks. Defensive Strategy. | 2009-05-01 | ||
| TOP PICK | Niko Resources | NKO-T | 62.190 | Ramp up of production announced a while ago. Good price, sheltered from tax. Already working in projects in other countries. Major risk of getting project on line is over. Buy after a correction in oil prices. | 2009-05-01 | ||
| BUY on WEAKNESS | Talisman Energy | TLM-T | 15.910 | Had very good success in Asia. Likes story longer term. Have significant upside potential in current projects | 2009-05-01 | ||
| WAIT | Sterling Resources | SLG-X | 0.970 | Has two very big discoveries. Romanian project will start production in 2011, as will UK project. He is in the process of reviewing this stock. Target used to be $2-$3. | 2009-05-01 | ||
| TOP PICK | Gran Tierra Energy Inc. | GTE-T | 2.980 | Liked it a long time. Great success in Columbia. Sitting on lots of cash, no debt. Likes current cash flow. Home run potential in Peru. Biggest risk would be country risk if it became so in Columbia. Buy after correction in oil prices. | 2009-05-01 | ||
| PAST TOP PICK | Oilexco Inc | OIL-X | 0.145 | (Top Pick Apr 4/08 Down 99.20%) Got into a debt problem. Company got blindsided by the storm. Management is trying to resurrect company. If Chrysler can come out of bankruptcy, then so can Oilexco. | 2009-05-01 | ||
| PAST TOP PICK | Niko Resources | NKO-T | 62.190 | (Top Pick Apr 4/08 Down 25.44%) Is still a top pick. | 2009-05-01 | ||
| PAST TOP PICK | Profound Energy Inc. | PFX-T | 1.290 | (Top Pick Apr 4/08 Down 64.75%) Took profits after it was taken over. | 2009-05-01 | ||
| TOP PICK | Niko Resources | NKO-T | 63.000 | (A Top Pick April 4/08. Down 22.4%.) Have a fabulous discovery on the east coast of India. Have brought it into production. D6 is going to ramp up to 300-400 million a day. Will be generating $400-$500 million of free cash flow. Have upside exploration potential in Madagascar, Pakistan, Kurdistan and Indonesia in 2010. | 2009-04-06 | ||
| TOP PICK | Gran Tierra Energy Inc. | GTE-T | 3.460 | Has a lovely play in Columbia (Costayaco) and are ramping up production. Currently at about 12,000 BOE's a day and will double that later this year. Very cheap. Thinks it will do $.77 in cash flow this year. No debt and $177 million in cash. | 2009-04-06 | ||
| TOP PICK | Galleon Energy Inc. | GO-T | 4.130 | About 35% oil/liquids and 65% natural gas. Doing about 18,000 BOEs a day. NAV of about $13.85 and $9 plus in BV. $10.75 target when commodity prices improve. Have 1 million gross acres in the Monte play. Great management team. | 2009-04-06 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil: Next 3 months is the shoulder season when prices usually melt down. He thinks they could go back to the $40 range into the summer driving season. If there is improvement in the economy, it could be back in the $60-$70 range in the summer. It’ll back off again in the fall. Wild card is the 2009/2010 winter. | 2009-04-06 | ||
| PAST TOP PICK | Oilexco Inc | OIL-X | 0.145 | (A Top Pick April 4/08. Down 99.2%.) Fabulous exploration team, which is still very keen on doing something in the North Sea. Doesn't know what the endgame is going to be. | 2009-04-06 | ||
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| PAST TOP PICK | Profound Energy Inc. | PFX-T | 1.280 | (A Top Pick April 4/08. Down 64.5%.) Being acquired by Paramount Trust (PMT.UN-T) so he sold his holdings. | 2009-04-06 | ||
| BUY on WEAKNESS | Suncor Energy Inc | SU-T | 29.810 | Thinks oil will back off over the next 2 to 3 months. Try to buy in the mid-$20. Thanks the acquisition of Petrocan (PCA-T) is a great one. | 2009-04-06 | ||
| SPECULATIVE BUY | WesternZagros Resources Ltd. | WZR-X | 0.680 | $130US million cash and no debt. Large land block in Kurdistan. Drilled 1st well and pressures were so high the mud systems couldn't handle and couldn't get a conclusive test. Will go back and try again. Starting to drill a 2nd well end of April/early May. Talisman (TLM-T) is their partner. Home run potential. Will spend $30 million on the well. 60% they pay for with the rest from Talisman. If they hit he has a target of $3.70. High risk. | 2009-04-06 | ||
| Comment | TriStar Oil & Gas | TOG-T | 9.570 | If you are willing to take a 2 to 3 year time horizon this is a company with a great basin in the Bakkens. They know what they're doing and have good cost controls. | 2009-04-06 | ||
| WAIT | Bankers Petroleum | BNK-T | 1.820 | Producing about 6300 BOEs a day in Albania. Working on old oil fields with very low recovery using modern technology. Low gravity crudes so at $40 oil they don't make any money. At $50 they will and make a little bit. At $75 they make a lot. | 2009-04-06 | ||
| DON'T BUY | Corridor Resources Inc | CDH-T | 1.890 | Shale gas play. Have some great results. Natural gas price drop took it from being very profitable to marginally profitable (or not) at $3 gas. He doesn't see a positive scenario for natural gas until the winter of 09/10. | 2009-04-06 | ||
| DON'T BUY | Precision Drilling | PD-T | 4.250 | Biggest driller in Canada, but the utilization of this industry is down to very low levels. Has quite a debt load. Stock will languish until there is a recovery in gas prices. Will be a survivor. | 2009-04-06 | ||
| DON'T BUY | Trinidad Drilling | TDG-T | 2.940 | Utilization of the drilling industry is down to very low levels. Stock will languish until there is a recovery in gas prices. Will be a survivor. | 2009-04-06 | ||
| Comment | Connacher Oil and Gas | CLL-T | 0.940 | First module of their production in oil sands belt area is now in operation. Until there are much higher commodity prices, $40/$50 oil prices does not justify expansion of the modules. Have to get back to the $70/$80 range. If you are willing to make the bet on the higher prices, it has a lot of upside potential to it. | 2009-04-06 | ||
| DON'T BUY | Sterling Resources | SLG-X | 0.920 | There are a lot of small players in the Breagh field and they are trying to bring in either a larger energy producer or a large utility to be a buyer of the natural gas on this play. 70% is for sale. Probability is that production will come on in 2011 or 2012. Also have a play in Romania that Melrose (?) is running for them. Not doing any drilling in the near term. | 2009-04-06 | ||
| Comment | Arc Energy Trust | AET.UN-T | 14.780 | Considered as one of the best in the industry on the natural gas side. Good management, asset plays and cost structure. Until natural gas prices recover, the stock will probably languish. If you have a long-term time horizon and if we are in a $8 to $10 price environment, the stock will probably be up 10 points from here. | 2009-04-06 | ||
| Comment | Perpetual Energy | PMT-T | 3.480 | (Market Call Minute.) A gassy related trust. If you have a patient long-term time horizon, buy. | 2009-04-06 | ||
| HOLD | Questerre Energy | QEC-T | 1.240 | (Market Call Minute.) There will be more drilling occurring and as the news of the drilling comes out, there will probably be a better price on it. | 2009-04-06 | ||
| SELL | Imperial Oil | IMO-T | 47.430 | (Market Call Minute.) Not a fan because they are not growing their production. | 2009-04-06 | ||
| BUY | Delphi Energy Corp. | DEE-T | 0.830 | (Market Call Minute.) Likes the story and the management and the reserves. | 2009-04-06 | ||
| BUY | Vero Energy Inc. | VRO-T | 3.600 | (Market Call Minute.) Good management. In a holding pattern now. Cut back their drilling because of the weak commodity prices. | 2009-04-06 | ||
| BUY on WEAKNESS | Encana Corp | ECA-T | 54.880 | (Market Call Minute.) A Hold at this point and a Buy on weakness. | 2009-04-06 | ||
| BUY on WEAKNESS | Nexen Inc | NXY-T | 23.130 | (Market Call Minute.) | 2009-04-06 | ||
| BUY | Sea Dragon Energy Inc. | SDX-X | 0.130 | (Market Call Minute.) Very small company. Working on new deals in Egypt. Very early in the story. This is one you want to buy and put away. Multiyear story. | 2009-04-06 | ||
| TOP PICK | Delphi Energy Corp. | DEE-T | 1.300 | 87% natural gas. Just reported 3rd quarter of 6400 BOE's a day and are now at 7000. Did $0.24 in the quarter ($0.96 annual cash flow). Expect them to grow to 8000 next year, which could create cash flow of $1.20. NAV is over three dollars a share. About $90 million of debt on $140 million line. Cash flow this year might be $70 million. | 2008-11-14 | ||
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| TOP PICK | WesternZagros Resources Ltd. | WZR-X | 0.690 | Probably the highest risk story of his 3 Top Picks but there are some downside protections. Sitting on cash of over $1 a share. With Talisman (T-T) as a partner they are drilling a well in Kurdistan. Kurdistan from an exploration point of view is fabulous with a lot of oil to be found there. | 2008-11-14 | ||
| TOP PICK | Vero Energy Inc. | VRO-T | 6.300 | One of the lowest cost structures for natural gas in the Western Hemisphere. Results of 8,100 BOE’s a day beating his expectations by 800. Making an acquisition which could increase from 8,400 to 8,800. Looking for over 9000 next year. Trades at 2 X cash flow. Strong balance sheet. | 2008-11-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil: What is needed cannot be replaced at $55-$56 a barrel. It should be at about $80 just before winter. Once you get into winter, physical demand rises by about 2 million barrels a day more than in the fall. We do not have that oil and OPEC is cutting back. Thinks oil has bottomed and will be in the $80 range by Jan/Feb and north of $100 by the 4th quarter. | 2008-11-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural Gas: Storage is OK now if we have an average winter. If it is colder than normal, natural gas should recover in Jan/Feb. Could be at $8.00. | 2008-11-14 | ||
| PAST TOP PICK | Niko Resources | NKO-T | 50.340 | (A Top Pick Sept 11/07. Down 43%.) Just reported and production was lower than he thought. Thought they would be ramping up the oil production 2 quarters ago but has been delayed to the end of the year. Very cheap at these levels. | 2008-11-14 | ||
| PAST TOP PICK | Oilexco Inc | OIL-X | 3.320 | (A Top Pick Sept 11/07. Down 75%.) Announced results for the 3rd quarter and did on average about 12,000. Had maintenance on one of their platforms. 14,000 BOE's a day in July, 0 BOE’s in August and in September came on with about 20,000. Have to come up with $100 million. | 2008-11-14 | ||
| PAST TOP PICK | Solana Resources Ltd. | SOR-X | 2.670 | (A Top Pick Sept 11/07. Up 3%.) Merging with Gran Tierra (GTE-T). Sold his holdings at a higher profit. | 2008-11-14 | ||
| BUY | Galleon Energy Inc. | GO-T | 4.850 | Just reported 17,200 BOE’s a day in the 3rd quarter. Up from 13,700 the year before. Announced cash flow $.80 vs. $.54, so that's $3.20 annualized cash flow, making this an inexpensive stock. 1 X 1 debt to cash flow. Good line of credit. 1 million net acres in a core area of Callay Dawson (?) in Alberta. Very cheap. | 2008-11-14 | ||
| Comment | Sterling Resources | SLG-X | 0.650 | Enormous drilling success in offshore Romania and the UK North Sea. The problem is, they have found a fabulous amount of reserves but how do they get them out of the ground without spending a ton of money. Have enough cash to survive until the markets open up and they can get enough cash to complete the projects. | 2008-11-14 | ||
| BUY | Bankers Petroleum | BNK-T | 1.050 | Albania oil play. Company just reported that they will live within their cash flow. Did 5,880 barrels of oil, up from 4,789 the year before. Running rate is about $.32 in cash flow so is trading at about 3 X cash flow. Looking to more than double production in the next 2 years. Cheap. | 2008-11-14 | ||
| Comment | Suncor Energy Inc | SU-T | 23.340 | All tar sands projects are like a beta on the price of oil. If oil price drops, they get hit more than the price decline but when it rises they go up even faster. If you are an optimist and believe oil will reach $80, this is a Buy. North of $100 it is a table pounding Buy. | 2008-11-14 | ||
| Comment | TriStar Oil & Gas | TOG-T | 10.560 | Excellent management team. Could be a takeout target by one of the other players in the Bakkens project. | 2008-11-14 | ||
| Comment | Encana Corp | ECA-T | 54.750 | If you are willing to take an 18-month time horizon, this stock is at a 2 for 1 sale. He feels natural gas prices will move higher to the $8 range. | 2008-11-14 | ||
| Comment | Nexen Inc | NXY-T | 18.300 | Fabulous assets in Canada, Gulf of Mexico, Buzzard field and the UK and part of the new tar sands project Opti. Stock is very cheap. The problem is the commodity. With $80 oil you might see $25. | 2008-11-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: His view is that between now and the 2nd week of December most of the tax loss selling should be done. Once into the new year, the key ingredients of the new US administration are in place, stability should return. | 2008-11-14 | ||
| Comment | Questerre Energy | QEC-T | 1.990 | Just reported 1242 BOE’s a day in their western Canadian operations. Did $0.03 in cash flow. This is not their jewel. The jewel is their Quebec operation where they have 1,000,000 acres and 750,000 is in a deal with Talisman (TLM-T) and the other portion with Forrest Oil. This play is still emerging. Well financed with $67 million in cash. Quebec netbacks are probably the highest in the country because they don't need as much transportation. Very cheap. | 2008-11-14 | ||
| Comment | Addax Petroeum Corp. | AXC-T (Dead) | 16.000 | Very big in Africa. The African basin is a very attractive one. The unrest has investors worried so stock has dropped. Some of the risks this company has are even too much for him. Very cheap. | 2008-11-14 | ||
| Comment | UTS Energy | UTS-T | 0.910 | (Market Call Minute.) For a conservative investor, don't go near it. If you believe in $100 oil prices and would like a warrant on a very fabulous asset it could be okay. High risk. | 2008-11-14 | ||
| BUY | Paramount Resources | POU-T | 7.640 | (Market Call Minute.) Likes gas. Great management team that will make you money. | 2008-11-14 | ||
| BUY | Profound Energy Inc. | PFX-T | 0.800 | (Market Call Minute.) Bargain. Run by a fabulous team. New quarterly numbers beat his estimation. | 2008-11-14 | ||
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| HOLD | Solana Resources Ltd. | SOR-X | 4.050 | In a merger process with Gran Tierra (GTE-T) who is the operator of the main asset of the Costayaco play in Colombia. If you own, tender to the offer. This will allow them to work together in Colombia, Argentina and Peru. Fabulous story. | 2008-09-25 |