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

Last Price Recorded: 8.7500 on 2014-04-25 01:14:57

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Date Signal Expert Opinion Price
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
2014-04-03 COMMENT Jaime Carrasco

Thinks that they just might increase their dividend in the near future. Has a $9 target with a “sector outperform” on it. Likes their properties and what the company has been doing.


Price:
$7.490
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
Yes
2014-03-13 BUY Robert Lauzon

Has been in the penalty box over the last few years. He has been buying shares in the $5-$6 range. Company is now starting to perform operationally the way he had expected it to perform 2-3 years ago. If you get it at around $6.50, the upside is probably $7.50-$8, which is where it will trade along with its peers. Some view its debt level of just a bit over 2X Debt to Cash Flow, as a little bit high. Management knows that and they are doing what they can with any excess cash flow to pay down debt. If it can have a Debt to Cash Flow ratio at 1.5X by the end of this year, he thinks you will see an $8 stock.


Price:
$6.500
Subject:
ENERGY
Bias:
BULLISH on NATURAL GAS
Owned:
Yes
2014-03-11 COMMENT Eric Nuttall

Executed quarter after quarter after quarter, beat expectations, yet nobody cared. His hope is that there are 2 underlying catalysts that could make people care. The reserve report they issued last week was very, very good and highlighted just how profitable that these barrels are that they are producing. It is costing them on average just over $20 to find a barrel, and at the end of the day, when you take off royalties and operating costs, they are net backing about $60. Their historical production growth rate has not been quite high enough to get people excited. He believes they are currently seeking to bring in a joint venture drilling partner on part of their acreage. His guess is that they are exploring the sale of some of their production to raise cash to pay down their debt to bring down their debt to cash flow targeting a 1X multiple. This could create more interest.


Price:
$6.610
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Unknown
2014-03-10 WATCH Larry Berman CFA, CMT, CTA

The big picture story for the next 5 years or so, supply is going to dwarf demand in oil and gas in North America. However, when you look at a stock like this that has been beaten up because of some of those reasons of weaker production prices in Canada, and you look at a five-year picture, what you are seeing in this and a lot of these focused here in Canada, you’ve got these big bases coming. In order to get relief there and have some of these start to break out, you need that supply/demand thing to start to turn around. Pipelines east and west, pipelines north and south, LNG distribution should bring better prices to Canada but it is still a few years off. The stocks are starting to respond so this is important to watch.


Price:
$6.620
Subject:
ETF's & LARGE CAP
Bias:
BEARISH on BASE METALS
Owned:
Unknown
2014-03-03 BUY John Stephenson

(Market Call Minute) It's alright.


Price:
$6.330
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH
Owned:
Unknown
2014-02-20 COMMENT Mason Granger

They should focus on bringing down cost as well as debt, rather than a dividend.


Price:
$6.390
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2014-02-12 HOLD Bill Bonner

Has been an enigma wrapped up in a conundrum. Really likes the story because of the content. The play inventory is spectacular. Thinks the market is suspicious of a couple of things, perhaps execution. This can only be overcome with time as the company posts better results. The other variable is that he thinks the market believes this could potentially be a dividend paying entity. Both of these things have people a little bit nervous. People that want growth are afraid it will become a dividend payer and people that want dividends won’t go to it because it doesn’t pay dividends. Be patient.


Price:
$6.120
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC on ENERGY
Owned:
Yes
2014-02-04 HOLD Peter Hodson

Debt situation is not as good as others. Management has a good pedigree. Made lots of investors money over the past couple of cycles but not much has happened since then. Nothing dramatically wrong with this but just doesn’t think it is in the same quality group as others. No need to own it and no need to Sell it.


Price:
$5.700
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2014-01-13 COMMENT Eric Nuttall

Seasonally oils in January-February are weak and later in February the price usually rebounds, so we may have another month of weakness in oil stocks. Sold his holding last fall. They’ve been doing everything they said they would, i.e. growing production by 10%-12%, spending 1X cash flow while leveraging the balance sheet. They’ve achieved that but the market doesn’t care. Doesn’t know what short-term catalyst can occur for people to care about this name.


Price:
$5.920
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
No
2014-01-08 COMMENT Martin Davies

One of the companies that has been through a large amount of selling from US holders, for a long, long time. Feels the last of it may be now gone. Extraordinarily well managed. Really likes the company. Valuation is quite low and growth is quite high.


Price:
$6.030
Subject:
CANADIAN OIL & GAS
Bias:
BULLISH
Owned:
Unknown
2014-01-07 BUY Bruce Campbell (1)

It is a mid-cap.  It is a growthy one, without dividend increases.  As long as they keep growing, they probably don’t intend to have a dividend increase.  Balance sheet is slightly stretched.  They just need a couple more quarters to show growth and get to free cash flow and to show debt going down.  If the stock doesn’t move someone might come along and buy them.  Thinks there won’t be a dividend increase any time soon.


Price:
$6.030
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-01-03 COMMENT Hap (Robert) Sneddon FCSI

The positive are the 2 lows in the middle of 2012 and 2013. The only thing he would be concerned with is if it dropped below the $4.90 level. Chart looks like it is in a base building pattern. The 1st sign that you are out of the woods is when it is above $8. Also, the downtrend has been broken, which suggests that the new action in the latter part of 2013 is base building. There is a seasonal strength coming in, in the oil/gas sector in about one month.


Price:
$6.040
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 147 entries
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