Viewing Expert Josef Schachter | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Josef Schachter , President

Schachter Asset Management


Date Signal Chart Symbol Company Opinion Price
2016-09-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Oil. There is a risk that we will see lower oil prices over the next few months. There is the summer driving season, which is a strong period of demand. Then you go into a shoulder season of September, October and November, and demand falls by 1-1.5 million barrels a day worldwide, (maybe half that in the US). In 2014, we fell from $100 down to $50. In 2015, we went from $51 down to $35. He thinks the decline will be potentially down into the low $30. There was a 2.3 million-barrel production increase last week in crude stocks, 4.5 million-barrel in overall stock, and the week before it was 2.6. There should not be inventory building now, it should only start the 2nd week of September. He is bearish on oil prices for the next quarter.


Price:
$0.020
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
_N/A
2016-09-06 PAST TOP PICK Must be logged in to use chart BIR-T Birchcliff Energy Ltd.

(A Top Pick April 22/16. Up 91.07%.) This got beat up because of the low oil prices. They’ve done a great job, and are really one of the lowest cost operators in natural gas, but the key is that they are going from 10% liquid to 23%-24% liquids with the acquisition of Gordendale. Has this as a Hold now, but if it fell below $6, he would be more constructive on it.


Price:
$9.260
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
No
2016-09-06 BUY on WEAKNESS Must be logged in to use chart BNP-T Bonavista Energy Corp

Have made a lot of use of their hedge book and have done quite well. Trading at a discount to BV. Production is down, as it is for most players. Their hedge book is now gone. In Q3, their numbers are going to come down. He likes that operating costs are pretty low at $5.58 BOE. The balance sheet is in good shape. They have $1 billion in debt, and against that they have $1 billion of equity. They are becoming more of a lower cost operator. He is bearish on oil prices for the next quarter. If the stock got down to under the $2 area, this would be a great Buy.


Price:
$4.240
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 DON'T BUY Must be logged in to use chart BTE-T Baytex Energy Corp

In the 2nd quarter, they harvested a lot of their hedge book. At the end of 2015, they had $106 million, and are now down to $24 million. A big portion of their cash flow came from their hedge book. They now have losses on some of their hedges on their books. His big problem is that they have $1.9 billion of debt, ($8.83 a share), with a BV of $2.1 billion ($10.33 a share). Volumes are coming down.


Price:
$6.130
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 TOP PICK Must be logged in to use chart CASH CASH

He has some cash, because there will be some fabulous opportunities. A lot of good company stocks get thrown away because of people wanting to get out of the sector.


Price:
$0.010
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Yes
2016-09-06 WAIT Must be logged in to use chart ERF-T Enerplus Corp

This did very, very well from the bottom. When we had the decline in the 4th quarter of last year, the stock went from $8 down to $2.62 in Jan-Feb. It had a nice bounce to $10. They are producing about 94,000 BOEs a day, and about half of that is oil. This is a big player in the US. Operating costs are excellent at $7.10. Transportation costs at $2.87 are a bit high. They had good hedge gains in the 1st half of this year, but their hedge book is a little lean now which is a bit of a problem. BV of $2.90. Paid down a lot of debt this year. The balance sheet is in good shape. What he doesn’t like is that, because of the assets in the US, they have taken impairments and every quarter that number is a moving target. If oil drops as he expects, there could be more impairments. Thinks the stock will back off to below $6, where it would be a Buy.


Price:
$9.240
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 PAST TOP PICK Must be logged in to use chart GTE-T Gran Tierra Energy Inc.

(A Top Pick April 22/16. Up 1.85%.) They made a big acquisition recently, which will provide them with lots of drilling opportunities. The balance sheet is really good. The downside might be down just below $3, but this is a name you want to own long-term. A Buy under $3.


Price:
$3.830
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
No
2016-09-06 COMMENT Must be logged in to use chart HOD-T HBP Nymex Oil Bear+ ETF

A short-term way of betting against oil. A very leveraged situation, 2 to 1. This is for speculators, not investors, and is quite a bit higher risk.


Price:
$13.490
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 BUY on WEAKNESS Must be logged in to use chart HSE-T Husky Energy

(Market Call Minute.) This hasn’t really performed. They did $0.49 in cash flow in the quarter. Production held up reasonably well. They put through a massive sale to pull down debt. If this backed off to below $12, it would be a great Buy.


Price:
$16.240
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 DON'T BUY Must be logged in to use chart IMO-T Imperial Oil

This has not made people money. The low in January was $37, only $3 away from where we are now. They have done a good job on their production out of Cold Lake. The refining business does very well for them. For a long-term investor, there is some dividend support. It is not going to make you the returns that others are, and there are better places to be.


Price:
$40.650
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 SELL Must be logged in to use chart IPL-T Inter Pipeline

This follows what happens in the movement of oil and gas. If oil does well, it takes off. He thinks it could go down to the low $20s. Usually tax loss selling kicks in the 2nd and 3rd week of December. Sometime in that window, he would be looking to see where the bargains are, and where you should be taking out your Buy tickets again. Dividend yield of 5.5%.


Price:
$28.240
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
No
2016-09-06 PAST TOP PICK Must be logged in to use chart PGF-T Pengrowth Energy

(A Top Pick April 22/16. Up 9.04%.) In the 2nd quarter, they did 56,735 BOE’s a day, 62% liquids. They did $0.16 in cash flow. Have done a fabulous job on their hedging and are using that to pay down debt. BV is $2.99. They still have a significant hedge book that will carry them through the end of this year.


Price:
$2.030
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
No
2016-09-06 TOP PICK Must be logged in to use chart PGF-T Pengrowth Energy

He has a target of $2. 40 12 months from now. If you see this under $1.80, it’s a fabulous Buy. Potentially, 2-3 years down the road, as they move and add more to Lindberg and clean up the balance sheet, it could be a 2-3 bagger before the end of the decade. Good management.


Price:
$2.030
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 BUY on WEAKNESS Must be logged in to use chart POU-T Paramount Resources

(Market Call Minute.) Made a major fabulous asset sale, and can now pay off all their debt. There is about 11,000 BOE’s a day of production. If this backed off to the $7-$8 range, it would be a Buy. Under $10, it is something to look at.


Price:
$14.630
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 BUY on WEAKNESS Must be logged in to use chart PWT-T Penn West Petroleum

(Market Call Minute.) They cleaned up their company with a major asset sale. They are paying down their debt and will survive. BV is $5.39. This will be a great buy on weakness, $1.60-$1.70.


Price:
$2.200
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
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