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
2017-01-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  He expects oil to go below $40 this year.  OPEC is successfully getting compliance for reduced production; the problem is that the numbers don’t work.  In a chart showing past cheating by OPEC to 1995, there were three cuts that occurred before the numbers started working before OPEC got compliance.  This first compliance cut is not enough.  Libya is increasing production, and Iran/Iraq are raising production and so are non-OPEC countries like Russia.  The way to get around OPEC quotas is to call everything ‘condensate’.  When everyone realizes that compliance is not there and that cutbacks by non-OPEC companies is not happening, everyone is talking rising production in 2017 over 2016 and he thinks we will bust $40 in Q2.  How low we got is dependent on how big the build is in inventories. 


Price:
$0.020
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
_N/A
2017-01-09 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

He is a big fan of Natural Gas.  Inventories are coming down, especially over the last couple of weeks.  We came down from 4 to 3.1 TCF.  This is the not the same as oil.  US production has come down.  Demand is rising and production is falling.  He thinks the price of Nat Gas could retreat in March.  With the lack of drilling we will not fill storage during the injection season.


Price:
$0.020
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 WAIT Must be logged in to use chart BIR-T Birchcliff Energy Ltd.

He is a big fan.  The stock did exceedingly well from the first quarter of last year.  They are a modular growth player so there is growth built in every few years.  The stock is backing off with the decline of natural gas.  They are a very low cost operator.  It is a core name for investors once we get through a little bit of a shakeup. 


Price:
$8.500
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 PAST TOP PICK Must be logged in to use chart CASH CASH

(Top Pick Sep 6/16, Flat) Anytime you break $40 or $30 for oil then you buy oil stocks.  Every time oil got into the low $50s he got cautious and accumulated cash.


Price:
$0.010
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Yes
2017-01-09 WATCH Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Have done exceedingly well.  Book value is $24.05.  It got down to below book value last year.  They were impacted by the problems in Fort McMurray.  Volumes will be coming back from their oil sands business.  This stock is impacted when the market gets nervous about the price of oil.  They need to start generating the free cash flow they are talking about and to pay down debt.  He thinks they will go to the acquisitions trail again in the future.


Price:
$41.820
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 WAIT Must be logged in to use chart CPG-T Crescent Point Energy Corp

They lowered their costs.  They are big in Alberta and Saskatchewan as well as the US.  They were a very good hedger.  Their hedge for Q1 and Q2 will put them in a good position if the price of oil goes down in Q1 and Q2 of this year.  The company is shrinking because of the lack of Cap-X.  They have to build to replace declines.  Buy after an oil price decline.  The market now wants to see them grow by drilling.


Price:
$17.120
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 WAIT Must be logged in to use chart ERF-T Enerplus Corp

It has done very, very well.  They have sold non-core assets.  They repaired their balance sheet.  He was suggesting to take profits about a week ago.  They will be impacted by lower oil prices in the next couple of quarters. 


Price:
$11.760
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 TOP PICK Must be logged in to use chart GTE-T Gran Tierra Energy Inc.

He has a $6 target.  They have lots of exploration and development opportunities.  A good balance sheet.  Buy it under $3.50.


Price:
$3.780
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
No
2017-01-09 WEAK BUY Must be logged in to use chart HSE-T Husky Energy

It is a cheap stock right here.  They are sitting on 1.2 billion of cash.  The basic problem is that production has been declining because they had been selling off assets.  He give management lots of credit for cutting costs.  They have lots of projects.  Longer term it is a name you might want to own.  You may be able to buy this below $13 if the oil price comes down $10-$20 during 2017.


Price:
$16.140
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 PAST TOP PICK Must be logged in to use chart PGF-T Pengrowth Energy

(Top Pick Sep 6/16, Down 9.35%) It backed off recently but see his Top Picks today.


Price:
$1.860
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
No
2017-01-09 TOP PICK Must be logged in to use chart PGF-T Pengrowth Energy

They had to find a way to survive after the government changed the rules for royalty trusts.  They did a good job of focusing on getting long term assets.  They aim to sell their non-core assets.  When you get to the fourth quarter their balance sheet will be repaired and they could be a $3 stock in 2018.  It will be a table pounding buy very shortly.  (Analysts’ Target Price: $2.01).


Price:
$1.860
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
No
2017-01-09 WAIT Must be logged in to use chart POU-T Paramount Resources

They did a good deal with VII-T.  They build long term assets before the stock got beat up.  It has recovered nicely.  If the price of oil comes down then it is possible after the winter we could see lower prices of $4-5.  Hold off and wait until about late Q2 of this year.


Price:
$16.450
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 WATCH Must be logged in to use chart PPL-T Pembina Pipeline Corp

They have done exceedingly well.  Mid-streamers have been able to concentrate, interprovincial.  They all took on the assets of the majors and this takes the assets into their rate base and then they raise dividends.  If interest rates go higher then the discount factor on their dividend will go up.  It is a name for conservative income investors. 


Price:
$41.730
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 DON'T BUY Must be logged in to use chart PWT-T Penn West Petroleum

He would not buy it right now because WTI will get a $10-$20 price erosion this year.  The stock has gone up after people stopped worrying about them being able to repay their debt.  The stock will go down if there is a retreat in the price of oil.


Price:
$2.580
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-09 TOP PICK Must be logged in to use chart SDX-X Sea Dragon Energy Inc.

He likes Egypt and he likes the management team.  They have very good assets which will double production this year.  (Analysts’ Target: $1.01).


Price:
$0.700
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Yes
Showing 1 to 15 of 1,024 entries
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