Viewing Company Crescent Point Energy Corp | StockChase
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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $12.2600 on 2017-05-26

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Date Signal Expert Opinion Price
2017-05-25 COMMENT Douglas Kee

His outlook is that you are going to get oil trading at $50-$60, and just kind of grind higher over time as inventories decline. In the last quarter, they did some purchases of land, but also sold land to offset that. They have great land positions, but the market isn’t going to pay them for that right now.


Price:
$12.260
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-05-24 HOLD Zachary Curry

They hold high quality assets, but questions the structure of the company and how management really raises equity. Too frequently for him. Any time you do anything, management goes out and raises equity, diluting existing shareholders, making the former dividend harder to pay.


Price:
$13.030
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-05-23 DON'T BUY Eric Nuttall

They are trying to reinvent their story. While they may have decent assets, their Canadian business is partially showing signs of aging. He doesn’t see them attracting the interests of US investors. In Canada, investors have had a bad decade with this name.


Price:
$13.180
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-18 DON'T BUY David Cockfield

One of the best managed intermediates that you can buy, but nobody cares. You might as well accept that fact for a while. They came up with some really super earnings, and the stock has just gone down. You really have to believe in the energy sector, and right now a lot of people south of the border do not believe in our energy sector.


Price:
$12.900
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2017-05-17 COMMENT David Baskin

A good operator. If he were going to own oil, it might be one he would think about. He is not going to own any oil companies, because there is lots of evidence that there is too much production capability around the world. As soon as the oil price does go up, more production comes online.


Price:
$12.780
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-05-16 HOLD Christine Poole

Though she has this in some portfolios, she has not been actively buying for a couple of years. The stock price will be dictated by where crude prices go. If the OPEC production cuts have more effect, and we start to see inventory drawdowns, then energy names can start working. This company has been known to issue a lot of equity to fund positions to grow their inventory land. The last issue they did was not very well received. They have a very attractive land base to drill from, so she doesn’t expect they will be looking to acquire more.


Price:
$13.160
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-09 COMMENT Lyle Stein

Sell Baytex (BTE-T) and Crescent Point (CPG-T) and move into Teck Resources (TECK.B-T)? Crescent Point and Baytex had high dividends. When oil fell, the dividend strategy collapsed. From this, he learned don’t rely on commodity stocks to pay dividends. Both are down in the dumps, but both are good names. Baytex probably has a little more debt than he would like, but this one is really trying to remake itself. If looking for torque in a portfolio, you will probably get more in the near term, from a base metal stock that you would from an oil stock.


Price:
$13.110
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-08 COMMENT Ross Healy

After that enormous run we had he thinks oil will settle down to where it is supposed to be.  CPG-T will have to adjust to current price levels and get costs down so you can get more valuation.


Price:
$13.330
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Unknown
2017-05-03 DON'T BUY Keith Richards

This has been basing for a good year and a half. Looks like there is some support in the low double digits, close to $13, maybe $12. If it could bounce off that, it could be okay. It is not showing any signs of wanting to break out of its pattern. The chart also shows a series of lower highs and lower lows, and the hope for it is that the support of $10 will kick in real soon. If he owned it, he would be really worried that the $12 support might crack. If it does, Sell.


Price:
$13.000
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-01 DON'T BUY Norman Levine

He stopped owning it and liking it because they were a serial issuer of stock for acquisitions.  Also, he prefers Nat Gas stocks. 


Price:
$13.130
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2017-04-25 DON'T BUY Brooke Thackray

Chart shows it has been going down since mid 2016, even in the times when oil has rallied. This is a show me stock at this point. Investors don’t believe them anymore. Also, he is not bullish on oil at this time.


Price:
$13.360
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Unknown
2017-04-24 COMMENT Peter Brieger

Thinks many people are discouraged by its lack of activities. They keep on making acquisitions of companies with prospective areas, or land plays, and issue shares to cover that. Right now, they have a reserve life of 15 years, and about 12 wells to be drilled. They have 3 recovery methods. 1.) Drilling. 2.) Water floods which takes a recovery rate from 15% up to 25%. It has an unbelievable upside in production rates. He can see this going up through the years to 200,000-300,000 barrels a day, but the question is, will the stock do anything.


Price:
$13.360
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-21 COMMENT Greg Newman

Hitting a 52-week low. Payout ratio is under 100%. Growth rate is not bad. A name he has liked because production has increased every year since 2014. It isn’t the best in the oil patch in terms of efficiency, but it should be trading at a lot more than what it is currently. Thinks the fall has probably been overdone. Yield of 2.7%.


Price:
$13.620
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2017-04-19 COMMENT Bruce Murray

He owns no commodity oil producers. Oil has done well twice during his investment career. It did well when Japan industrialized in the 60s and 70s. Peaked in 1979 at $40 a barrel, and bottomed 18 years later at $8. China came along in 2002 and it started to perk up again. Meanwhile, the Western world is working hard to become more energy efficient and switching to natural gas, which has become abundant. Companies like this do very well when there is peak pricing. It is a high risk/high cost provider, but they do best when prices go up because there is lots of leverage.


Price:
$13.730
Subject:
LARGE CAP GROWTH & DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-04-18 HOLD John Stephenson

Feels this is fully valued. It is implementing big water floods to try and tweak the reservoir and keep the decline rate more manageable. A really well-managed company, but he doesn’t really see any strong growth or any particular reason you need to have this.


Price:
$14.040
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 COMMENT Hap (Robert) Sneddon FCSI

Chart shows the 50-day moving average coming right along the top of the prices. Each time it got up to the 50-day moving average, it brought in some sellers. He took a half position in energy, even though the strong seasonality started about 1.5 months ago. You could see this come as low as $14, and then bring in some buyers. It has a positive MACD, so it’s getting momentum and money starting to flow into it, but that doesn’t mean you still can’t get some volatility. Anywhere between $14.70 and $14.40 is probably a reasonable less risky entry point.


Price:
$14.980
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-07 COMMENT Josef Schachter

This was the darling of the street in 2014. With the erosion in the price and the balance sheet issues, they had to cut back on the dividend. They now have $2.7 billion of debt against $9.6 billion of equity. The BV is $17.61. It isn’t often that you have companies trading below BV. Thinks the stock will go down another $1-$2 because of concern about the balance sheet and not much growth.


Price:
$14.270
Subject:
OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2017-04-03 DON'T BUY Keith Richards

It has tested $10 a couple of times.  The trouble is that it is in a down trend channel.  It could get close to that $10 again.


Price:
$14.310
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2017-03-28 PAST TOP PICK Swanzy Quarshie

(Top Pick Feb 10/16, Up 11%) It had a great start.  Unfortunately they chose to raise some equity and the stock went down.  She still likes it a lot.  It is a core name.  She sees very good wealth creation ability.  They have good netbacks.  They have a good balance sheet.  They are now seeing results from water flood in 6 months, down from a year.  This is a game changer.  She still sees a lot of upside in it.


Price:
$14.820
Subject:
OIL & GAS
Bias:
UNKNOWN
Owned:
Yes
2017-03-24 HOLD Greg Newman

They have done everything right.  The balance sheet is pretty good.  They are really cheap relative to peers.  They still have good production growth.  But the cash flow in 2018 is projected to be lower than in 2015.  It depends on your view of oil prices.  They continue to decrease costs every year, so a year or two out they may be fine.  It will be very attractive if oil prices go higher.


Price:
$14.440
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH on DIVIDEND STOCKS
Owned:
Unknown
2017-03-23 PAST TOP PICK Eric Nuttall

(Top Pick Apr 7/16, Down 17%) He struggles to see what gets this story re-rated.


Price:
$14.370
Subject:
ENERGY
Bias:
BULL on OIL
Owned:
No
2017-03-20 COMMENT Jim Huang

He likes this. It has high leverage to oil prices, and he believes oil prices are going to go higher from here. This has one of the best land positions in Saskatchewan, Manitoba, and the US. In the past, they’ve had some issues with excess of issuing shares that diluted the company on a short-term basis. He feels they are putting a stop to that and will do much better going forward.


Price:
$14.280
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-03-16 COMMENT Zachary Curry

Average down? His biggest issue is that they seem to be serial issuers of stock. They continue to dilute the existing shareholder base, not a friendly thing to do. The US assets are great and they have increased production, but it is important to focus on production growth per share, and this one gets diluted down. They’ve already cut their dividend.


Price:
$14.610
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-03-09 BUY Teal Linde

This is a good time to be investing in this. It has had a long-term track record of success. They’ve stumbled in recent quarters and their production was down. When you have a company with a strong track record that stumbles for the short term, it is very likely that they are going to get back on their feet and resume the growth track record that they had.


Price:
$14.240
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2017-03-03 HOLD David Cockfield

This has been beaten up pretty thoroughly over the last while. They came out with a new issue, and that really was tough. It was a bought deal, and ended up in the banks, and the stock hasn’t recovered since. The company is still a well-managed intermediate company. Feels oil is going to go back into the $60 range. They have excellent properties in the Bakken area.


Price:
$15.060
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2017-02-24 HOLD Bill Shaw

This has underperformed. They did a stock issue that investors were not too happy with. In terms of communication, this company has not been the best. There have been rumours of potential activists investors coming in, but the company has stated that there is no one really interested. Thinks it is going to be a “show me” story. They have great technical expertise and have been able to increase production in the past.


Price:
$14.990
Subject:
CANADIAN DIVIDEND & REITS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-23 SELL John DeGoey

Last year they did a share offering, and then cut the dividends. Should I hold or dump? The stock got hit pretty hard about 2 years ago when oil prices dropped. He would not hang onto this any longer. A well-run company, but there is nothing you can do about it. As long as oil is trading in the neighbourhood of the low to mid $50, it is difficult for this company to make money.


Price:
$15.730
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-02-21 BUY Alex Ruus

One of Canada’s preeminent oil companies. The largest landholder on the Canadian Bakken play in Saskatchewan, and have built a very big company on the back of that. One of the more profitable oil plays. We are now in a bottoming and slowly rising process now with oil prices. This is probably one of the better plays in the Canadian energy patch. A lot of institutions have a sour taste because of past transactions. A good investment.


Price:
$16.310
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-17 COMMENT Hap (Robert) Sneddon FCSI

It is in the sights of an active investor.  There is this downtrend and will probably run into resistance around $17.  People are interested when you get two bottoms so close. 


Price:
$16.240
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2017-02-17 HOLD Christine Poole

She has been adding to the name for at least the last year and a half.  It is 90% oil and is leveraged to its price.  They are in Saskatchewan and Alberta.  Prior to the down turn in energy they were criticized for continually issuing equity to fund acquisitions.  In September of 2016, they came again to the market, but to strengthen their balance sheet and fund Cap-X.  They have lagged in this rally because of this.  We will hear more about what the activist investor wants to do.  She is going to hold on to it.


Price:
$16.240
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-16 BUY Fabrice Taylor

We are going into a rebound in oil prices.  It might be choppy and saw toothed, but he feels oil prices are going to firm up.  CPG-T is quite leveraged to oil prices so he would not sell it.  He would buy it.  It’s a "goto" name and gets put into the penalty box now and then.  It has a decent payout and he thinks the valuation will bounce back.


Price:
$15.070
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Unknown
2017-02-16 DON'T BUY David Baskin

The problem with oil is that as soon as oil gets above $50, there are lots of operators ready jump into action.  The question is if CPG-T can be profitable with $50 oil.  Warrant Buffet believes oil prices will be contained forever.


Price:
$15.070
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-10 COMMENT Craig Porter

The knock people have against this is that in the past they were always buying assets and issuing more paper, at lower prices a lot of the time. He likes the company. They have great assets in Saskatchewan and some in the US. They’ve drilling inventory for years to come. They are taking the best of the technology and drilling longer wells. They are improving their efficiencies. This is going to be a turnaround at some point.


Price:
$15.120
Subject:
RESOURCE
Bias:
BULLISH on OIL
Owned:
Unknown
2017-02-10 COMMENT Norman Levine

A stock he has liked, but hasn’t owned for a long time. They went through a period where they were serial acquirers and serial issuers of stock. They went through a time where they didn’t make acquisitions and didn’t buy any other companies, and he thought that was great, and then they went and did it again. He would rather be buying energy companies where they are not diluting him down every time they start to grow.


Price:
$15.120
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-02-08 PAST TOP PICK Robert Lauzon

(A Top Pick March 21/16. Down 21.19%.) This has been a disappointment. When he recommended this, oil prices were lower. After he recommended it they raised money at about $19.30, and ever since, the stock has been under quite a lot of pressure. There was a lot of misinformation from the company stating they weren’t cutting the dividend, and then they did; they were going to raise equity, and then they did a $500 million equity deal. He still owns some, but has trimmed over the last 6 months.


Price:
$14.450
Subject:
GLOBAL DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-02-06 SELL Brian Acker, CA

He is so bearish on this one… We had a negative transit through EBV -1.  He has a $6.58 model price.  There are still bad times ahead. 


Price:
$14.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on FINANCIALS
Owned:
Unknown
2017-02-06 HOLD Keith Richards

The stock broke a long downtrend from 2014 and has been basing. From a bigger perspective, that is not a bad thing. Right now, this is in no man’s land and you can’t make a trading decision. If you own it already, he would continue to Hold to see if it could hold $12, and if it does you are probably safe for a while.


Price:
$14.060
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-03 HOLD David Cockfield

Has great faith in this company’s management. They were a little slow in cutting their dividend. They are going to survive. Has some good land. They have lots of properties. Where people are worried about the US border tax they have lots of lands in North Dakota.


Price:
$14.790
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2017-02-01 BUY Brendan Caldwell

This was a darling of the energy sector for many years. When it cut its dividend, that takes a long time to come back. The trajectory of dividend is far more important than magnitude. They had sustained their big dividend and their big capital spends through doing continuous equity offerings. Doesn’t think the border tax is going to affect Canadian energy stocks. This is still a very good play and a very low cost energy space in Canada, and not a bad way to participate.


Price:
$15.070
Subject:
CANADIAN VALUE
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-01 COMMENT Michael Sprung

Whitecap Resources (WCP-T) or Crescent Point (CPG-T)? Two different types of companies. Whitecap is more of a growth company paying a dividend, while Crescent Point is much more mature. CPG-T pays a fairly good dividend.  They’ve amassed a great deal of property with a lot of drilling opportunities over the next number of years. He owns a little and is quite comfortable holding it as it has a good balance sheet. If looking for steady, long term prospects, this is probably the one you should stick with.


Price:
$15.070
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 DON'T BUY Eric Nuttall

(Market Call Minute.) Probably a value trap. People have given up on the name. It is probably going to stay cheap for the foreseeable future.


Price:
$15.170
Subject:
ENERGY
Bias:
OPTIMISTIC
Owned:
Unknown
2017-01-23 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

He sold it and took a small profit.  He trades very short term.  It is a great company and got a lot lower than when he bought it.  He does not like it here.  Wait for the next major down turn.


Price:
$15.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-01-23 DON'T BUY Steve DiGregorio

Predominantly oil with very good assets. There are a couple of problems. The main one is that they have been a serial issuer of equity. The last one was around $19, so you are going to be bumping up against that level going forward. The yield is not very much right now, so you are kind of in the middle of nowhere right now.


Price:
$15.390
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2017-01-19 HOLD Ross Healy

One of two Canadian oil stocks that he thinks have upside potential.  Definitively hold it if you have it.  He likes this and IMO-N, having upside potential in the oil sector.


Price:
$15.910
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-01-18 COMMENT Peter Hodson

A “go to” stock when oil runs, but in terms of quality names, he just doesn’t put this in the “good quality” category. There are some headwinds against it. He would rather own a company that doesn’t issue stock all the time. Not a bad company, but just not anywhere close to his favourite. (See Top Picks.)


Price:
$16.000
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Unknown
2017-01-18 WAIT Greg Newman

This is becoming a much better name. He is now modelling $58 oil for 2017. Based on that, this is very cheap relative to its peers. Trading at about 6.6X versus its peers at about 8.9X. Its balance sheet has become much better. Payout ratio is about 94%, and it is paying you to wait. Feels this has come off because of concerns that the supply response for US shale has perked up, but also there is a concern of the border tax for Canadian oil producers. Not sure he would buy this quite yet.


Price:
$16.000
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-01-09 WAIT Josef Schachter

They lowered their costs.  They are big in Alberta and Saskatchewan as well as the US.  They were a very good hedger.  Their hedge for Q1 and Q2 will put them in a good position if the price of oil goes down in Q1 and Q2 of this year.  The company is shrinking because of the lack of Cap-X.  They have to build to replace declines.  Buy after an oil price decline.  The market now wants to see them grow by drilling.


Price:
$17.120
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-05 COMMENT Douglas Kee

This had been hurt. It was poking its head up and was starting to outperform, and then they did an equity issue which hurt them again. He cut his position in half last year. Expects the dividend will come back. As the year goes on, if oil prices stay at the $45-$55 area, the company does a good job at finding oil and bring it on cost effectively. He is going to continue to Hold. It will probably yield between 3% and 4% in dividends.


Price:
$18.000
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-04 COMMENT Craig Porter

Most retail investors don’t like this because it has underperformed for a long time. They have great oil assets in Saskatchewan, and have drilling plays they can drill for the next 20 years. The problem is, they have done a lot of acquisitions. Trading below $20 and should do well in an oil recovery. If you think oil is going back to $60-$70, this is a great company. He likes this.


Price:
$18.160
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-01-04 COMMENT David Baskin

If he were going to own an oil company, this would certainly be on the list. He doesn’t own any oil companies because he believes the market is very likely to be oversupplied again in the short run. There is so much fracing capacity that, when oil prices go down, a supply deficit will quickly turn into a supply surplus. He also has grave doubts about OPEC sticking to its resolution.


Price:
$18.160
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-29 DON'T BUY Steve Belisle

It needs a lot of capital to maintain its production.  They have to spend a lot of money to stand still and the dividend takes a lot to sustain.  They have built a pretty good foot print and he has to give them credit for that.


Price:
$18.390
Subject:
NORTH AMERICAN - LARGE - DIVIDEND
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2016-12-23 COMMENT John Zechner

He is not bullish on oils in general, and is underweight. This whole OPEC agreement just doesn’t do it for him. They always cheat. The biggest winner in this, is US shale. This company is probably one of the better valuations in the sector. Costs are down. They have a good land base to drill on going forward. One of the better cash generators, and this is a good valuation. He has taken a little bit of money off the table on this.


Price:
$18.170
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-12-21 BUY Rick Stuchberry

So much depends on how far you think oil can go. He is optimistic and thinks the price is going to go up. If you buy it here, he thinks you can make money. They manufacture oil as opposed to searching for it. It has a good yield. Thinks it is going to go into the low to mid $20s in the next up move, presuming oil goes to $55-$60.


Price:
$18.600
Subject:
CANADIAN LARGE & iNTERNATIONAL ADR's
Bias:
UNKNOWN
Owned:
Yes
2016-12-21 COMMENT Michael Sprung

If this company meets all of its expectations, it is not too bad. He sees projections of cash flow somewhere near $5, 2-3 years out. If they achieve that, then you could certainly justify the current valuation. It has always had tremendous properties, of which they have been fairly successful at maturing. However, they continued paying a ridiculous dividend for many, many years, which was largely financed by their DRIP plan. They don’t do that anymore. Trading at over 4X BV, whereas at one time it used to be trading at 2X. Still a bit rich for him.


Price:
$18.600
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2016-12-19 TOP PICK Peter Brieger

There is tremendous positive hidden leverage.  They have an inventory of 8000 wells that will keep them going for 12 years.  They have applied water flood very successfully.  (Analysts’ Target: $23.40).


Price:
$19.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Yes
2016-12-14 COMMENT Christine Poole

All energy companies have restructured to a lower crude oil price. If crude stays in the $55 area, this company should be okay. They’ve raised some equity to fund their CapX program, and are applying some new technology to their oil wells with some positive results. If crude oil stabilizes, the stock price should slowly climb.


Price:
$18.380
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-06 COMMENT Mason Granger

Has been a disappointing performer this year. The bright side is, you have an opportunity to buy this at a valuation that is almost at a historical low. They have an enormous depth of inventory. The well results from their US holdings is very encouraging. They are doing some very novel things in terms of water flood. Have cut drilling times from 8 days to 5 days in a year in the Bakken. Sentiment has been poor for them. This would be a buying opportunity for a long-term holder.


Price:
$17.540
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2016-12-02 COMMENT David Cockfield

This has been a disappointment. The stock went up to $23-$24, and backed off to the low $20, and then into the high teens. They then came out with a huge equity issue, which absolutely killed the market, and is still sort of recovering from that. He still likes it. One of the best managed intermediate oil companies in Canada. They are in the Bakken area where they can actually produce oil and make money at $50. Close enough to the US where they have good pipeline access. That is going to improve. This would still be his choice in the market. Dividend yield of 2.09%.


Price:
$17.190
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2016-11-24 DON'T BUY Lorne Steinberg

Had been paying out way too much in distribution to shareholders. People bought it for the dividend, and then the company cut the distribution. At these prices, everybody in that sector is having trouble making money. This is not a low-cost producer. He would recommend that you look for stronger businesses.


Price:
$16.400
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Unknown
2016-11-21 COMMENT Craig Porter

He just started going through their numbers again, because the company sold off significantly. People used to buy this because of the great dividend, which has now come down to about a 2% yield. Because of that, they lost a lot of dividend type investors. It is unfair to the company, because they are operating within their cash flow. They have great low cost assets in south central Saskatchewan. He likes management. Having come down to $15, he is looking at buying it.


Price:
$16.380
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2016-11-15 WAIT Christine Poole

Has held a very small position in this, but hasn’t been adding to it for the last couple of years. It is going to be predicated on what oil prices do going forward. This, along with the other oil producers, have cut capital spending. They’ve raised some equity to shore up their balance sheet and to make sure they can fund the capital in exploration activities that they want to do.


Price:
$16.050
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-10 BUY Gerard Ferguson

One of Canada’s largest energy companies, doing a great job of acquisitions.  They are in some very good places.  They are sensitive to the price of oil and they are acquisition-driven.  People worried about the leverage with declining commodity prices, which are now finding a bottom.  They are in the penalty box, but management will work their way through this.  It is probably fairly valued, but could benefit from some macro events coming.


Price:
$14.710
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-11-10 PAST TOP PICK Ryan Bushell

(A Top Pick Nov 10/15. Down 16.48%.) This has been a difficult holding. In commodity purchases, he tries to look at the asset value, and that carrying the day. This company continues to execute flawlessly. In a conventional oil company, you are looking for inventory, and this is a company that has done a good job in amassing a great deal of inventory while maintaining a clean balance sheet. They cut their dividend and said they were going to pursue organic growth, and then did an equity issue in the fall which really caused some management credibility issues. Trading at a discount to peers and has much better asset qualities. There is probably a good margin of safety on this now.


Price:
$14.710
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Yes
2016-10-28 DON'T BUY Bruce Campbell (1)

They normally issue for acquisitions that are accretive.  But you always get all this stock coming at you.  They got the message in the spring.  And then in the last little while they issued stock again.  They did it only for the balance sheet but he thinks they shot themselves in the foot.  We need a couple of quarters of decent earnings and cash flow growth. 


Price:
$16.070
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2016-10-26 HOLD Bruce Campbell (2)

(Market Call Minute.) There are others he would prefer.


Price:
$16.870
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-10-25 COMMENT Colin Stewart

He likes this company. This is a way to get exposure to increasing oil prices. They have a fair bit of leverage to a rising oil price. Recently did an equity financing, which didn’t actually go over that well, which is part of the reason why the stock pulled back. He thinks there is a bit of a catch-up trade here, as investors warm up to this.


Price:
$17.150
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Yes
2016-10-24 COMMENT Peter Brieger

One of the best managed companies in the oil patch. If you see $50 oil prices next year, this is going to do quite well. At $55 oil, it will produce about $125 million in free cash flow, after dividend and after CapX. At $60, which he doesn’t think will happen, you will see as much as $250 million free cash flow. This is really a high-tech company in the sense that they’ve taken the wells they have discovered and have applied a technical approach, water flood #1, which has virtually doubled the output per well, and they are doing some other stuff with liners which also enhances. They have 7000 potential locations, many of which could be applied with water flood. As long as the oil price hangs in, you’ll see a gradual upward trend.


Price:
$17.350
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-21 COMMENT Dennis da Silva

Great asset base. Transitioning into more of being like a senior producer where the growth rate is going to be less. He likes this. Dividend yield of about 2%, and the ability to grow it will improve as oil gets closer to $60-$65.


Price:
$17.470
Subject:
RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2016-10-21 COMMENT Greg Newman

If oil stays over $50, would they increase the dividend? He is modelling $54 oil next year, and this is becoming a really exciting company again. Priced a lot better than its peers. One of the few companies that have had steady production growth over the last 5 years. If you believe oil is going to be above $50, you can own this here. He doesn’t know if they will need to increase their dividend to attract capital.


Price:
$17.470
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-19 COMMENT John Stephenson

An excellent company, but very sensitive to oil prices. It will rally up and down quite hard as crude oil prices move up and down. It has a reputation of being a serial equity issuer, which is justified to a certain degree, but overall it is a good company. There will be a lot of volatility.


Price:
$17.790
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 COMMENT David Baskin

Doesn’t think this will get back to last year’s levels. A great company with great assets, but oil is only worth what oil is worth. In his view, oil can’t go past a certain point now, because of the excess supply that is out there waiting to come into the market, and the number of drilling rigs that can be employed very quickly, which will drive down the cost of the commodity.


Price:
$17.490
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-07 COMMENT Eric Nuttall

As a stock, this is mispriced. It is undervalued. In order for that situation to get rectified, they need people to care. About a month ago, they came to market to do a raise, and the reasons for doing it sounded really, really quite poor. This has tainted the institutional interest. The appetite for the stock is not what it was. It is going to take time.


Price:
$17.710
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on OIL
Owned:
Unknown
2016-10-07 COMMENT David Cockfield

Oil stocks have had a good run, and then got beaten up. He thinks oil is going to go higher, and continues to pick away at this. A well-run company, one of the best run oil companies in Canada. It is into the Bakken area which is relatively cheap oil. Longer-term he thinks the stock is fine.


Price:
$17.710
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2016-10-03 DON'T BUY Lyle Stein

It has been a disappointment this year.  They cut their dividend.  Their business model became suspect when oil prices dropped.  The bloom has come off this one.  He sold when he thought the dividend was at risk.  It is not a bad play on oil, but the luster on the stock is off.


Price:
$17.530
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
No
2016-09-27 COMMENT Kash Pashootan

(Market Call Minute.) He is still quite cautious on energy. This is one of the higher-quality names, although they have had to cut their dividend and issue more shares. He would rather have Suncor (SU-T).


Price:
$16.370
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
CAUTIOUS
Owned:
No
2016-09-23 COMMENT Greg Newman

He doesn’t know if oil is going to recover right away, but if it does it will be really good for this company. They just came to market with another big deal recently and it could be argued that they raised their share count by almost 7%. When looking at the metrics, he sees cash flow per share is set to fall from 2015 to 2017 by 5% per year, which is not uncommon in the oil patch. Right now the stock is very cheap and the deal they just did falls to their balance sheet which gives them time to wait out lower oil for longer, or gives them a better war chest to be opportunistic and make acquisitions. The key to all these companies is the balance sheet. If you like oil, at this level you can buy this. The dividend is sustainable even at $45 oil.


Price:
$16.810
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-21 COMMENT Nick Majendie

Well-run. If he were adding another company to his portfolio, this would be a candidate. They have good production growth ahead of them and they have put their balance sheet in shape. Management has a pretty good track record and he thinks it will continue.


Price:
$17.510
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-09-16 PAST TOP PICK Swanzy Quarshie

(A Top Pick Sept 2/15. Up 7.79%.) A great story. Long-term you essentially have a free cash flow operation, and lots of upside to the oil price. Unfortunately, the perception is that they have created some dilution with the equity raise they did. A very prudent management team that doesn’t like to employ too much debt.


Price:
$16.620
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Yes
2016-09-15 COMMENT Daniel Lloyd

They got their money from that financing last week.  He likes it down here.  If the industry got particularly bullish on oil then it could become a takeover target.


Price:
$17.140
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
No
2016-09-14 COMMENT Jim Huang

Their latest equity issue certainly hasn’t gone very well, and that is overhanging the stock. The street is questioning why they have to do a big equity issue, which has been a criticism in the past. Management wants to finance their incremental growth with equity, just in case the commodity price comes back down.


Price:
$17.040
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 COMMENT Christine Poole

Has been a long-term holder of this, although hasn’t been buying in the last 1.5 years. She felt that energy still had some weakness behind it. They did an equity issue last week at a 5% discount to what the stock was trading at. That was disappointing.


Price:
$17.180
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-12 BUY Craig Porter

A good dividend-paying company.  A high quality company with long life assets.  People are always afraid the company is going to buy something and it sold off recently.  It is cheap relative to other companies.  The yield is down to about 2% now.


Price:
$18.250
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-09-09 COMMENT Norman Levine

For many years this company was a serial buyer of other oil companies, and a serial issuer of stock. That was great for brokers and investment bankers, but the stock wasn’t going anywhere because of all that dilution. They said that they would not do that again for quite some time, and yesterday they decided to do it again, which the market clearly did not like.


Price:
$18.150
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-09-08 COMMENT Steve Belisle

Pretty decent management and good assets. The one thing he doesn’t like is that over the past 10 years they have been growing through acquisitions, which have been funded with a lot of equity issues. He prefers companies that are able to self fund their growth, rather than issuing equity.


Price:
$20.260
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-30 PAST TOP PICK Eric Nuttall

(A Top Pick Aug 25/15. Up 71.25%.) At the current price, this is not a Hold, but in the next 2 months it is his intention to Buy below $20. If he can get it in the high $18-low $19, he would buy it aggressively. Thinks this is a $28 stock 2 years out at $65 oil in 2018.


Price:
$20.390
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
No
2016-08-24 COMMENT Keith Richards

This fell along with the other oils, and now it is starting to build. There are a series of higher highs and higher lows. It looks okay, and as long as the short term trend is not broken and it continues to make higher highs and higher lows, he would Buy it.


Price:
$20.670
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-08-24 COMMENT Michael Sprung

Since they cut their dividend, they are now cash flow positive. This is an extremely well-run oil/gas company. Have been tremendous acquirers of land with great drilling potential. They have drilling potential going out several years. This is only selling at about 6X cash flow. Feels it still has some upside potential. Dividend yield of 1.7%.


Price:
$20.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-07-29 PAST TOP PICK Eric Nuttall

It seems to have found pretty good support @$19.  He believes that the large caps are fairly to overvalued.  CPG-T eliminated the drip.  They have a strong balance sheet and strong hedges.  Below $19 it is a fair buy.


Price:
$19.090
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on ENERGY
Owned:
Yes
2016-07-27 COMMENT Bill Harris, CFA

Whitecap (WCP-T), Crescent Point (CPG-T) or Cardinal Energy (CJ-T)? Crescent Point and Whitecap are very similar and would be on his list. This company really seems to be hunkering down and trying to work with what they have. Very disciplined. This is the one that he would gravitate towards.


Price:
$18.900
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-07-25 BUY on WEAKNESS Ryan Bushell

Of the Canadian light oil producers, he thinks this is the best on the senior side. Great management team and good operators. The dividend yield has gone down with the recent dividend cut, but he understands that they had to do it. Management runs the company for the long-term. They buy large oil in-place resources that they can exploit over time. This has a very long cash flow stream. We have had a recent run with oil prices and they have dropped off a bit. Oil companies are starting to soften during the summer, which is what is expected. He wants to see it get through the summer and see how the driving season finishes up for demand and inventory. Would look at this and others over the next few months for good entry points.


Price:
$19.010
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Unknown
2016-07-21 HOLD Mason Granger

Rapidly heading towards 200,000 barrels a day of predominantly light oil production. They have a huge amount of inventory running room. Has always had a really good balance sheet. It has a great hedging program that runs out to 3 years. What you have to look forward to is the ongoing progress of instituting water flood across their properties, moderating the decline rate, and making for a sustainable business that will pay you a dividend for years to come.


Price:
$20.070
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2016-07-18 DON'T BUY Ben Cheng

(Market Call Minute) Wonderful properties, but it is one of the higher cost producers.  As they work down costs they become more of a buy.


Price:
$20.020
Subject:
REITS, INCOME STOCKS & HIGH YIELD BONDS
Bias:
OPTIMISTIC
Owned:
Unknown
2016-07-12 COMMENT Bruce Campbell (1)

Canadian Natural Resources (CNQ-T) or Crescent Point (CPG-T)? He likes both. This one is 98% oil and 2% gas. Of the 2, he would pick this one.


Price:
$20.680
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-08 TOP PICK David Cockfield

Sold most of his holdings, and recently bought back in. It ran up to $22, and has backed off about 10%. It is still one of the best oil company management teams in Canada. They are not in the oil sands, they are in the Bakken’s. With any kind of upward movement in earnings he sees they will be quick to pay it out in the form of dividends. Dividend yield of 1.8%.


Price:
$19.980
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Yes
2016-07-06 BUY John O'Connell, CFA

Has been negative on this for years and years. They finally did all the right things. They cut the dividend and have been shoring up the balance sheet. He was never negative on the way they ran the business, but because they were always buying more assets, raising their dividend, and then raising money. It was the financial engineering he didn’t like. They are not doing that anymore. At around $20 you can buy this.


Price:
$20.290
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-06-27 COMMENT Peter Brieger

One of his favourite energy stocks. It is one of the best companies in Canada. They have 7000 prospective wells, many of which are subject to the benefit of water flood. You are going to see continuing increases in production. Feels that eventually the dividend will start to be increased.


Price:
$19.120
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-22 PARTIAL BUY Kash Pashootan

One of the higher-quality names in the group. Has been frustrated on management doing what they said they wouldn’t do, such as issuing new stock, or stating that there would be no dividend cut. Thinks oil has turned the corner, and you could start a position here. He is looking at this. You might see a breather over the next quarter, and that is when he would be looking to entering this.


Price:
$20.300
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
OPTIMISTIC
Owned:
No
2016-06-21 COMMENT Zachary Curry

A well run company. The best thing management did was to reduce their dividend. In the old days they paid out a lot of money in dividends, and they were serial issuers. His hope is that they do not raise the dividend if oil prices go up, or to start issuing equity again. He is looking at this one.


Price:
$20.540
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2016-06-20 BUY John Zechner

(Market Call Minute.) Not a big fan of energy stocks in general, but likes this one. Has a good portfolio and a good land base to drill on. Generating a decent cash flow.


Price:
$20.530
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-06-17 COMMENT Greg Newman

This has a sustainable payout ratio and a valuation that is not bad. It also has slight production growth from 2015 to 2017. Yield of under 2%.


Price:
$19.880
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Unknown
2016-06-17 COMMENT Norman Levine

Likes this but doesn’t own it. It’s on his radar, and at the right time and the right price he will probably be buying it. Thinks oil and a lot of commodities went down too far and too fast, and then bounced back with a lot of Short covering. The outages in the Athabasca area, Nigeria and other places have caused an artificial shortage in crude. With the oil sands starting to come on, that is going to start to ease. Thinks oil is going to start heading down again, possibly the lower $40 or the higher $30, and then it is worth looking at. 


Price:
$19.880
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-06-15 PAST TOP PICK Bruce Campbell (1)

(A Top Pick June 1/15. Down 19.84%.) His favourite senior oil. It has the most growth. For the first time, they are going the other way by being a seller of properties. Lowered the dividend to the point where the balance sheet is good. Still has a lot of hedges in place. Their breakeven point is down into the high $30s.


Price:
$20.750
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-13 COMMENT John Stephenson

Crescent Point (CPG-T) or Suncor (SU-T)? He would choose Suncor because it is more defensive being integrated and has the refinery assets. This is a very good name, but it has rolled a little bit more with a commodity, in terms of pricing.


Price:
$21.180
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-09 HOLD Douglas Kee

Their balance sheet is in good shape. They concentrate on big positions in a few properties, which seems to work well for them. They have a disciplined way of selling forward in the futures market. This is light oil, they are hedged, and it is a good balance sheet.


Price:
$22.480
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2016-05-31 COMMENT Dennis da Silva

Has held this for a number of years. Feels that through this downturn, people appreciate the fact that they didn’t utilize debt to make all those acquisitions. Think they have gotten back to the stage where they want to be more organically driven. A core holding for him. It has significant torque to not only the underlying margins with oil recovering, but with the ability to introduce growth back into the equation.


Price:
$22.200
Subject:
CANADIAN RESOURCES
Bias:
UNKNOWN
Owned:
Yes
2016-05-27 BUY on WEAKNESS Eric Nuttall

Loves the stock at $12-$19, but at $22 it is fairly valued. Management team has been great. Trading at 8X on $60 oil, and he struggles figuring out how he gets rich at this level. With the meteoric rise in the shares, it is possible that over the summer there would be a 5%-10% correction.


Price:
$22.300
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC on OIL
Owned:
Unknown
2016-05-18 COMMENT Steve Belisle

He likes this company. They have been executing well recently. The issue he had with them in the past is that they lacked discipline on the acquisition side. He is still a bit concerned about this.


Price:
$21.830
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-16 PAST TOP PICK John Zechner

(Top Pick Jul 7/15, Down 9.93%) Oil prices were where they are now.  He added more to the position at the low and then got out recently.  Some hedges rolled off so that is why it is down now.


Price:
$21.770
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on ENERGY
Owned:
No
2016-05-16 BUY Swanzy Quarshie

If looking to increase your oil exposure, this is a name to go to. Feels they are doing all the right things. It had a bit of a challenge coming into this downturn, because their dividend was too high. They got rid of their DRIP plan which was a good thing, and are living within their means right now. The water flooding is doing very well, so they have to spend less capital to keep the production flat.


Price:
$21.770
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-09 COMMENT Peter Brieger

Encana (ECA-T) or Crescent Point Energy (CPG-T)? Wants to sell one to buy the other. He would sell Encana. Thinks this company’s management’s head and shoulders above anyone else in the oil patch.


Price:
$19.530
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2016-05-05 PAST TOP PICK Brooke Thackray

(Top Pick Feb 29/16, Up 22.57%) Feb 25th until May 9th is the seasonal period of strength.  We are up just past support here.  But now is not the time to be in energy.  He exited.


Price:
$20.200
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
No
2016-05-04 BUY Michael Simpson, CFA

Primarily a light oil producer, about 89% oil focused. Have assets in Alberta, Saskatchewan and Utah. Has gone through a difficult period during the last 12 months. Cut their dividend twice and slashed their capital budget. He was adding in the $16-$17 range. Would be adding on down days like today.


Price:
$19.320
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2016-05-03 COMMENT John O'Connell, CFA

Has pooh-poohed this one for about 4-5 years and got lots of hate mail for that. Hadn’t liked the business model of buying companies, raising the dividend, and then raising money to pay for it. They’ve now changed their model. Cut their dividend down to a sustainable level. Have lots of inventory and don’t need to buy any more. Large institutional investors are looking for a well-run company. This is it, and he thinks you will continue to see a massive flow of large capital going into this.


Price:
$19.660
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-28 BUY Bruce Campbell (1)

He really likes this. There was a CAP conference in Toronto 2 weeks ago, where management gave an excellent presentation. They are doing all the right things. They are in Utah and Saskatchewan, not Alberta too much. Good growth. Cut the dividend down to where, even at strip pricing in the $30s, they would be profitable and generate some free cash flow. Thinks it goes to $24-$25 if oil goes sideways, and higher than that if oil goes higher.


Price:
$21.420
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-04-25 BUY James Rife

It has transitioned from a high payout stock and found religion in managing their dividend.  Investors are very interested in this one.  It was punished.  This is kind of a goto name for oil beta.  If you believe in the energy rally this is posed to outperform the XEG-T ETF.


Price:
$21.120
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
2016-04-22 COMMENT Josef Schachter

Probability of foreign entities taking out a major producer like this? Thinks this is probably a good idea, but these are the kinds of things that are not going to happen very quickly. This company has done a great job on their hedge book, and still have $1 billion of hedges. BV is $22.05. Any time a stock gets close to BV, it’s a cheap story, and any time you see this trading below BV he thinks it is a great buy. This company is very astute.


Price:
$21.900
Subject:
OIL & GAS
Bias:
BEARISH on ENERGY
Owned:
Unknown
2016-04-19 WEAK BUY David Burrows

Of the key themes in this market is something called beta. Resources and basic materials have been part of that. This stock is really, so far, a retracement of some of the losses over the last 2 years. When you have a bust, things may go down 65%-70%, which oil did, and will very often have as much is a 50% bounce off the bottom, as people go looking for the money they lost on the way down. You have to go through a long period of restructuring in the industry before you ever get a sustainable rally. This company built its business on growth, making acquisitions and growing their production, but they don’t have a balance sheet to make those kinds of accretive acquisitions today, so it is going to be difficult. You’re not going to get hurt too badly right, but he would prefer longer-term to look at a different sector.


Price:
$21.080
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-11 PARTIAL BUY James Telfser

(Market Call Minute.) Would rate this as a half-buy given his views on energy and their great long-life assets.


Price:
$18.410
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-04-07 TOP PICK Eric Nuttall

Don’t think about it as a dividend payer.  They are more interested in institutional money.  As oil appreciates they can grow faster than consensus would say.  Money will come out of companies like SU-T and much of it will go into this company.


Price:
$17.530
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2016-04-05 COMMENT Zachary Curry

This is on his list. The reduction in their dividend was a really meaningful step. In effect management is saying that they cannot pay this out anymore. This could be one of the better names coming out of this environment. Have great assets. Also, have not borrowed as heavily as other companies. He would be a buyer at the right price.


Price:
$17.100
Subject:
NORTH AMERICAN - LARGE
Bias:
DEFENSIVE
Owned:
No
Showing 1 to 120 of 1,084 entries
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1 Comment

mylund

December 19th 2013 at 12:44pm

Who would be railing their crude in North America?


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