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

Last Price Recorded: $3.1400 on 2014-11-28

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Date Signal Expert Opinion Price
2014-11-18 HOLD Michael Bowman

This has been hit unusually hard compared to the sector. First of all, they don’t pay a dividend. Oil has come down a lot more than anybody had expected and companies like this have been hurt the most. We have to be concerned if there will be any dividend cuts. He is very comfortable right now with oil companies that do not pay a dividend. If you own, continue to Hold. They have some fantastic properties.


Price:
$4.040
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
Unknown
2014-11-06 COMMENT Mason Granger

Just over 20,000 barrel a day light oil producer. The knock for him has been that the debt levels are just a little bit higher than what he would like to see them. However, a lot of that debt is termed out, not short-term debt. Well results in a lot of their key assets have been exceeding expectations, especially at their Turner Valley and some of their assets in Saskatchewan. Thinks he can achieve greater rates of production per share growth elsewhere.


Price:
$4.240
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
No
2014-11-05 COMMENT Dennis Da Silva

He owns small pieces in various funds. Down 60% since its peak in June. This is probably due to past issues in terms of disappointment on a quarterly basis and not meeting expectations. They are playing in some areas that are still early-stage. Trying to improve their capital efficiencies and rebuild some confidence in the market. Balance sheet is a big issue. Until they do a joint venture or some other external source of capital, he thinks it is going to be very difficult for them to get there and have the right amount of capital to deliver growth and be self-sustaining.


Price:
$4.130
Subject:
CANADIAN RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2014-10-27 HOLD Peter Hodson

It is in the okay category.  He does not focus on the resource space.  Assets and Management are okay.  No one expects a lot, but that is reflected in the valuation.


Price:
$4.810
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-10-17 PAST TOP PICK Eric Nuttall

(Top Pick Sep 25/13, Down 22%) He switched out this week after management issued themselves another 900k of performance units.  It is a name where they did a great job of reducing leverage.  He does not know what they have to do to gain investor traction.


Price:
$4.950
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
No
2014-10-03 TOP PICK Bruce Campbell (1)

They are down to 2.4 times cash flow.  Trading at half of NAV.  We should start to see M&A if prices don`t come back up.  They fixed the balance sheet.  It is compelling value.  44% cheaper than the peak a few months ago.


Price:
$5.590
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-09-26 DON'T BUY Michael Bowman

Earnings were down last quarter.  They also saw some really strong production declines.  He would not pick it up here.  Prefers CPG-T(Crescent Point Energy).


Price:
$6.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on OIL SERVICES COMPANIES
Owned:
Unknown
2014-09-23 COMMENT Ross Healy

His calculated FMV has ironically been going steadily up, while the stock has dropped from its $10 level down to about $6. When he looks at the long-term valuation pattern, it is getting very, very cheap, at about a 40% discount to BV. Twice in the last 5 years, this has gone to a 50% discount, which would take the stock to 15, which would be extraordinarily cheap. This stock is starting to get quite intriguing.


Price:
$6.230
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-09-19 HOLD John Stephenson

In general this has been a pretty good name over time. You are dealing with a market that has been kind of fickle. Energy stocks across the board have come off 7%-9% in the last month or 2.


Price:
$6.440
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2014-09-10 WEAK BUY Alex Ruus

Would consider this as a Weak Buy. Executing quite well and building a nice little oil/gas company. From his perspective, valuations are a little bit steep compared to some of the stuff he has looked at. They are solid and building a nice business. Below $6.50 would be getting into the Buy range for him.


Price:
$6.920
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2014-09-08 BUY on WEAKNESS Robert Lauzon

It is in its trading range.  $7-$9.  He likes it at these prices.


Price:
$7.090
Subject:
ENERGY
Bias:
OPTIMISTIC
Owned:
Unknown
2014-08-25 BUY on WEAKNESS Eric Nuttall

They have beat expectations and guidance for 8 quarters in a row.  Their acquisitions lowered their debt.  Their growth used to be lower, but management is ramping up their Cap-X to try to get growth going.  He would get into the stock at $7.50 now that their balance sheet is repaired.


Price:
$7.930
Subject:
OIL & GAS
Bias:
SELECTIVE
Owned:
Unknown
2014-07-25 BUY on WEAKNESS Eric Nuttall

Have done a great job of deleveraging. He would be a buyer in the low $8’s. It has regained some of its lost multiple. Thinks that in 2015 they will outspend cash flow to increase their production growth to around 20%, versus their historical 12%-13%.


Price:
$8.780
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Unknown
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
Showing 1 to 15 of 172 entries
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