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Legacy Oil and Gas Inc. Stock Symbol: LEG-T

Last Price Recorded: 8.8900 on 2014-07-24 01:14:41

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Date Signal Expert Opinion Price
2014-07-21 PAST TOP PICK Bruce Campbell (1)

(A Top Pick July 23/13. Up 36.86%.) Good management. Got their balance sheet stretched a year ago, and it was standing out like a sore thumb, as being cheap. They fixed it by doing a couple of acquisitions and fixing the balance sheet. Thinks this could be at $12 in the next year.


Price:
$8.540
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-07-16 PAST TOP PICK Bill Bonner

(A Top Pick Aug 1/13. Up 35.77%.) Had looked too steeply discounted. Started to deleverage the balance sheet through some asset sales and performance started to get better. Sold some of his holdings as it started to move up, and thinks there are probably more exciting places to go.


Price:
$8.700
Subject:
CANADIAN ENERGY
Bias:
BULLISH on NATURAL GAS
Owned:
Yes
2014-07-16 STRONG BUY Joanne A. Hruska, CFA

A lot of non-yielding names such as this have gone up a lot. This one has gone up some, but compared to what she thinks the valuation should be, it has a lot more to go. Had considered having this as a Top Pick. Likes the acquisitions they have made. Decreased their debt. Great opportunity to increase oil production. Stock trades quite cheaply.


Price:
$8.700
Subject:
OIL & GAS
Bias:
BULLISH on CDN ENERGY
Owned:
Yes
2014-07-03 WATCH Brian Acker, CA

A ‘coming out of the blue’ stock.  Model price is $15.09, a 57% upside.  It needs to go above $10.22 before buying it.  This is a great area to be in.


Price:
$9.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Unknown
2014-06-27 BUY Dennis Da Silva

(Market Call Minute.) Likes the opportunity for this company, and sees a re-rating in 2015 as people see the results of better efficiencies and lower costs.


Price:
$9.470
Subject:
CANADIAN RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2014-06-25 COMMENT Martin Davies

Has been labouring under a balance sheet that was way too leveraged compared to its peers, but they did have a very large asset suite that they can work on, but are constrained. It took a long time for this to change. Made 2 acquisitions in the last little while. These types of acquisitions seem to be deleveraging the company’s balance sheet. This is not a dividend model, but a growth model, so they have to make sure they have a large suite of very profitable projects. Seems to be at a discount to some of its peers. Thinks there will be some good nuggets to come out of their acquisition


Price:
$9.670
Subject:
CANADIAN ENERGY
Bias:
BULLISH
Owned:
Unknown
2014-06-24 BUY Mason Granger

A dividend is something that is on the radar screen with the management and the board.  A dividend would be appropriate.  In the near term they will focus on completions in the Turner Valley.  Your timeframe has to be more than a year.


Price:
$9.510
Subject:
OIL & GAS
Bias:
BULL on OIL & GAS
Owned:
Unknown
2014-06-09 BUY Eric Nuttall

Has been paring off.  They made an acquisition recently.  They are now drilling wells with payout less than a year, which he likes.  Their debt used to be very high and production per share was a little low.  So they have been able to find a new zone and to unlock production per share growth and also have reduced debt a bit.


Price:
$9.140
Subject:
OIL & GAS
Bias:
BULL on GAS
Owned:
Yes
2014-06-02 BUY John O'Connell, CFA

Another of those high leverage positioned stocks that has been struggling. These names are getting interesting because there is an improvement in the Addition & Development market and prices are starting to improve. This company has been a disappointment for quite some time with a pretty stretched balance sheet and is slowly working it down. As prices for dispositions work, these stocks have gone up. You also might like to look at Lightstream (LTS-T) which has recently announced some dispositions and the stock started to appreciate. We are at that stage in the cycle where you can buy some of these leveraged plays and play the deleveraging story.


Price:
$8.800
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2014-05-21 BUY Robert Lauzon

Recently bought this in the $6 range and a little more in the high $7 range. Sees visibility as they continue to try to deleverage the balance sheet and look for creative ways to create value strategically. You should see a $10 share price by year-end.


Price:
$8.400
Subject:
ENERGY
Bias:
BULLISH on ENERGY
Owned:
Yes
2014-05-12 COMMENT Jim Huang

Recently made a good acquisition near one of their core plays. Has been a laggard for a while because of the high leverage on their balance sheet for the last couple of years. That is starting to change because management is committed to address that by either joint venture or some royalty interests, etc. Stock had a pretty good run which is why you have seen a drop back here. He thinks there will be continued upside in this company.


Price:
$8.510
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2014-05-02 COMMENT Bruce Campbell (1)

A very cheap stock. Has run very nicely. Because it was coming from being statistically cheap (97% oil), it is not one of these huge growthy companies, but the valuation would still imply that you could see $10-$11.


Price:
$8.750
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-04-17 BUY Eric Nuttall

He bought in again.  The asset quality is very good.  The capital exit by US investors has reversed.  They regained a lot of their lost momentum.  Their wells are hugely economic.  They will reduce leverage on their balance sheet.  He would not wait for it to pull back.


Price:
$8.490
Subject:
OIL & GAS
Bias:
BULL on OIL & GAS
Owned:
Yes
2014-04-11 COMMENT Martin Davies

Has been put in the penalty box because of debt to cash flow ratios.  Having difficulty growing.  An interest in part of the asset they have is one of the major assets that Trent may use to go ahead and change the debt position.


Price:
$7.910
Subject:
CANADIAN OIL & GAS
Bias:
BULLISH on NATURAL GAS
Owned:
Unknown
2014-04-03 BUY Dennis Da Silva

(Market Call Minute) There is good torque to oil prices.


Price:
$7.490
Subject:
RESOURCE
Bias:
SELECTIVE
Owned:
Yes
Showing 1 to 15 of 159 entries
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