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

Last Price Recorded: $2.0000 on 2015-02-28

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Date Signal Expert Opinion Price
2015-01-21 COMMENT Bruce Campbell (1)

He did a lot of trimming of oil in Oct/Nov, including this one. It has a levered balance sheet, but has really good assets. Probably a trading vehicle now. If you think oil is going to $65-$70 by the end of the year, the stock will be up, but if oil goes to $40 and stays there, they would be in financial difficulty. If you Buy, don’t stay in it for very long.


Price:
$1.560
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2015-01-20 COMMENT Eric Nuttall

Balance sheet was a little too high at $60 oil, and now we are in $48 oil for the time being, so leverage is becoming more and more of an issue. Thankfully they don’t have dividend stress on their balance sheet, but at the current oil price, their debt to cash flow is an excess of 6 times. They will be in a stressed environment and may have to explore non-core asset sales.


Price:
$1.510
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-01-07 COMMENT Bill Bonner

Has some concerns relating to their balance sheet. The issue is debt leverage and he thinks they are going to have to address that issue in some way. However, the assets they have are spectacular.


Price:
$1.700
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC
Owned:
Unknown
2014-12-22 DON'T BUY James Hodgins

He recently covered his Short on this, because he was expecting this bounce. However, the stock has not bounced a lot. They recently cut their dividend. He would stay away from this. He will re-short if there is any bounce heading into January. Fundamentals are deteriorating. Other companies that you might consider are Mart Resources (MMT-T) and ??? (See Top Picks.)


Price:
$2.180
Subject:
MARKET NEUTRAL INVESTING
Bias:
BEARISH on COMMODITIES
Owned:
No
2014-12-03 DON'T BUY Brian Acker, CA

In his system, the last EBV line was -3. Any stock that goes below that, he calls it “going into the blue”. In the 2nd quarter of this year it came out of the blue and traded up to $15. He got out around $9 when it had an EBV -2. When it goes below -3, that tells you write offs are coming. There are going to be a lot of write offs with this and other companies. He would be a buyer when it is “coming out of the blue”.


Price:
$2.560
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
No
2014-12-01 DON'T BUY Eric Nuttall

He would not buy it today.  He does not like companies with 3 times debt to cash flow.  You get into a debt spiral.  But he can see the temptation to buy it. 


Price:
$2.630
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Unknown
2014-11-28 COMMENT Hap (Robert) Sneddon FCSI

This is starting to get back into the post-recession levels at the $3 range. A lot of the indicators are very oversold. When you have something that is oversold, it doesn’t mean that it can’t continue to be oversold. Looks like it is going to probe some of the low levels in 2008-2009 and the high $1’s and the low $2’s. Anything in that area is good if you are a long-term investor.


Price:
$2.940
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
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
Showing 1 to 15 of 179 entries
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