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Long Run Exploration Stock Symbol: LRE-T

Notes:

Formerly WestFire Energy

Last Price Recorded: 5.6700 on 2014-04-23 01:14:56

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Date Signal Expert Opinion Price
2014-04-17 HOLD Eric Nuttall

Bought assets off Crew Energy last week, but it was not accretive in his mind.  It just added to the inventory.  7.1% yield is a bit rich.  Let it run a bit more, but there are better names for new capital.


Price:
$5.580
Subject:
OIL & GAS
Bias:
BULL on OIL & GAS
Owned:
No
2014-04-14 TOP PICK Josef Schachter

(Top Pick May 21/13, Up 31.81%) They made another acquisition last week.  They went into a dividend model, but they aren’t paying out that much of their cash flow.  50% Nat Gas.  Raised their dividend to 7.44% late last year and he thinks the dividend could be increased again in 2015.


Price:
$5.440
Subject:
OIL & GAS
Bias:
UNKNOWN
Owned:
Yes
2014-01-30 WEAK BUY Dennis Da Silva

Transitioned into a dividend growth model.  There is a long history with this name.  About 55% oil, a good balance.  Of the ones that have transitioned, they are more oily names because that is an easier model for transition.  It always comes down to the model.  Not sure all assets are de-risked enough.   He is prepared to give management the opportunity to prove it out.  Prefers some others (e.g. SGY, TOG).


Price:
$5.040
Subject:
CANADIAN RESOURCE
Bias:
BULLISH on NATURAL GAS
Owned:
Yes
2014-01-13 COMMENT Eric Nuttall

Have been having good success through the drill bit, which is not been recognized by the market. Trading at 4X cash flow with a fairly dependable yield. As they demonstrate the capital efficiencies and the viability of their dividend, he is hoping people will get more comfortable with this. Good name.


Price:
$5.280
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2014-01-08 PAST TOP PICK Martin Davies

(A Top Pick Aug 9/13. Up 14.66%.) Very attractive assets with low decline rate and good capital efficiencies. Each time they go through their quarterly reports and show what they are capable of, he feels it will be more sustainable and close the discount that it trades at compared to its dividend paying peers.


Price:
$5.300
Subject:
CANADIAN OIL & GAS
Bias:
BULLISH
Owned:
Yes
2013-12-06 BUY Joanne A. Hruska, CFA

Great assets, good management and looks like they are turning around. Why are they becoming a dividend player? Sometimes companies have to do what the market is telling them and the market is telling a lot of oil/gas companies that they will not invest in them unless they have dividends. This increases the amount of capital available for them. This is still a strong enough asset base that it is still cheap enough that she would still be buying at these levels. Payout ratio is on the lower end compared to a lot of the legacy former royalty trusts. She is comfortable with the payout ratio. She can see it at $7 over the next couple of years.


Price:
$5.150
Subject:
OIL & GAS
Bias:
OPTIMISTIC
Owned:
Yes
2013-11-18 TOP PICK Michael Giordano

Likes dividend plus growth assets.  25,000 bpd producer.  Various Western Canada locations.  Dividend 7.7% yield, just announced and under 100% payout.  Have streamlined their spend to accommodate the dividend model.


Price:
$5.340
Subject:
CANADIAN RESOURCE
Bias:
BULLISH on RESOURCES
Owned:
Yes
2013-11-15 TOP PICK Josef Schachter

(A Top Pick Dec 5/12. Up 21.93%.) Recently announced that they are going to a dividend model. This means they may grow. 2%-3% in volume but are not spending all of the cash flow that is coming in. Next year they are probably going to have about $240 million of cash flow and spend $200 million and the dividend will be about 7%. He has a target $6.40. Will probably be doing 25,000-26,000 BOEs a day of oil and natural gas. 54% of that is oil and liquids. The mix is pretty good. They are in the Montne. If you see this in the low $5’s again, it will be a fabulous buy.


Price:
$5.380
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
No
2013-09-13 BUY Alice Tsang

Have purchased the old Galleon assets and have been doing a great job in the Montney area. Have a very large land package and also bought some Viking assets. Have been executing very well. The Montney position has very high liquid content. Likes the story. With the Galleon assets they own a lot of natural gas assets.


Price:
$5.210
Subject:
CANADIAN RESOURCE
Bias:
CAUTIOUS on METALS
Owned:
Unknown
2013-08-09 TOP PICK Martin Davies

Have 2 key formations they are focusing on to build their company’s growth, Viking in Saskatchewan and Montne. Those 2 allow very good capital efficiencies. Company is trading at a big discount. Very low debt to cash flow. Has great growth. Sees 25% upside from here.


Price:
$4.640
Subject:
CANADIAN ENERGY
Bias:
BULLISH on OIL
Owned:
Yes
2013-08-01 STRONG BUY Bill Bonner

Asset base is in the right place.  Not too much money on a per-well basis to develop.  25k BOEs per day currently.  Loves the story.


Price:
$4.260
Subject:
CANADIAN ENERGY
Bias:
SELECTIVE
Owned:
Yes
2013-05-21 WATCH Mason Granger

Self-financed.  Oust-spending cash flow this year but they are coming around.  Hopes he would be a shareholder in the near future.


Price:
$4.170
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
No
2013-05-21 TOP PICK Josef Schachter

(Top Pick Dec 5/12, Up 3.10%) Trades very cheaply.  Likes the mix.  They are moving more and more towards liquids and will be at 52% this year. Thinks the stock is very, very cheap and management has really refocused the company.  They have a dominant position.  This company could be a target for acquisition by a larger entity.


Price:
$4.170
Subject:
ENERGY
Bias:
BEARISH on OIL
Owned:
No
2013-04-15 BUY Robert Lauzon

Starting to execute finally.  Has gone through some name changes.  It is all behind them now.  He has been picking away at it.  Can get to $6 but it is not the right environment for it right now.


Price:
$4.390
Subject:
ENERGY
Bias:
CAUTIOUS
Owned:
Yes
2013-04-11 BUY Jason Mayer

Large land base.  Likes it.  Have been exploiting oil play with top decile economics with Gas prospects.  He sold out of it when things were looking a lot weaker.


Price:
$4.570
Subject:
RESOURCE
Bias:
BULLISH on NATURAL GAS
Owned:
No
Showing 1 to 15 of 47 entries
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