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Compiling comments that experts make about stocks while on public TV.

Recent Opinions

Date Signal Company Expert Opinion Price
2014-07-25 COMMENT Hutchison Whampoa
13 - HK
Darren Sissons

A great company, but it hasn’t really done a whole lot since 2004. The only really bright spot is that they paid a substantial special dividend in 2013. Because Hong Kong realty rules are such that any export earnings outside of Hong Kong can be effectively repatriated tax-free, a lot of companies are housed there that have operations outside of Hong Kong. Doesn’t think the growth is actually showing up in the numbers.


Price: $0.000
Subject: GLOBAL LARGE
Bias: CAUTIOUS
Owned: No
2014-07-25 N/A A Comment -- General Comments From an Expert
A Commentary
Eric Nuttall

Oil. There has been a pullback and he sees this as an opportunity. Had felt the energy sector had gotten a little too frothy in April-May, so had taken the cash in his fund up to 34% and was adding some large caps, not the market he usually focuses on. Now deploying cash and is down to 10%, and has been selling his large caps. Oil price is high and the differential between Canadian oil and light oil has been shrinking. Also, the loonie has been falling. Canada is adding “take away capacity” via rail to the US. All of the major issues that investors had challenges with, and the reason they were not investing in energy stocks, have now disappeared. As a consequence there were a bunch of stocks trading at really cheap values. Fundamentals today are the best they have been in 4-5 years. Stocks have had too good of a run. We’ve had a pullback and now is the time to be adding. He is a long-term believer in a high oil price, $100-$110. Many of his Top names that he would hold can grow production by about 20% a year spending 1X cash flow or grow at 10% and pay a 5%-10% dividend yield.


Price: $0.020
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: _N/A
2014-07-25 N/A A Comment -- General Comments From an Expert
A Commentary
Eric Nuttall

Natural gas. Not as bullish on natural gas as there is a ton of low-cost supply. We have gone from a very bullish to a very bearish scenario in a month. At $4 there is enough plentiful supply in Canada and the US. Areas like the Marcellus shale have grown anywhere from 4 BCF a day to as high as 15-16 PCF, that is the equivalent of being the cheapest in 4 years. That 15 PCF is heading to 30 in the next 4-5 years. When he looks at natural gas names, they have to be very low-cost and preferably have liquids associated with the gas stream because that is where the majority of the economics are derived from.


Price: $0.020
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: _N/A
2014-07-25 N/A A Comment -- General Comments From an Expert
A Commentary
Darren Sissons

Markets. He is a Value Investor so is having some trouble finding value in this market. Asia is really the only place where there is value and he probably has allocation for only one more Asian stock. The US, given 1% growth, is very expensive. Europe has recovered and valuations are somewhat ahead of themselves. Feels the China slowdown story is a little overdone. Starting to see some come back on the currencies in Europe, and if that happens, there might be some opportunities in Europe as well. In Canada, oil prices are high, and obviously a lot of the energy companies have picked up and done quite well this year. However, there is still the delivery problem. How do you get the oil from the middle of Canada out to the West Coast? Rail is a challenge and there isn’t a pipeline. Although values have risen on the back of higher prices, he still wonders if those values are sustainable. As interest rates start to move north, that will be a change for a lot of sectors.


Price: $0.020
Subject: GLOBAL LARGE
Bias: CAUTIOUS
Owned: _N/A
2014-07-25 COMMENT Advantage Oil & Gas Ltd
AAV-T
Eric Nuttall

Has recently been buying this at around $5.50 because had felt it had gone too negative. Won’t be holding it for very long. For a longer-term investor, this is doing just fine. Their production comes on in lumps, so you can wait a quarter or 2 before there is really much to talk about. They should have some exploration down to the southeast of where their properties are now. Have been increasing the productivity of their wells along with all the other Montney producers.


Price: $5.910
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-07-25 TOP PICK American Financial Group Inc.
AFG-N
Darren Sissons

Slow and steady. Not a sexy company. They insure horses, speedboats, commercial car fleets. Because they dominate small niches, they just tend to slowly move along and slowly increase the dividend. Good corporate governance and good risk management.


Price: $58.020
Subject: GLOBAL LARGE
Bias: CAUTIOUS
Owned: Yes
2014-07-25 PAST TOP PICK Athabaska Oil Sands Corp
ATH-T
Eric Nuttall

(A Top Pick July 30/13. Down 1.79%.) Had been on the verge of getting $1.3 billion from a Chinese company, and this is still dragging on. The $1.3 billion is now going to be $1.23 billion. There have also been recent headlines that some Chinese executives that were involved have been arrested. He would rather invest in others. If you own, you could get a gap up if they eventually get the proceeds, which he thinks they will. Continue to Hold.


Price: $6.880
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-07-25 TOP PICK BankUnited, Inc
BKU-N
Darren Sissons

(A Top Pick July 25/13. Up 10.77%.) This is post the global financial crisis and a bank that was effectively re-launched. Q1 capital ratio was around 30%. Exposed to the Florida and US market. Interest rates will take this higher and will be a tuck-in candidate at some point.


Price: $32.280
Subject: GLOBAL LARGE
Bias: CAUTIOUS
Owned: Yes
2014-07-25 BUY Danone
BN-FP
Darren Sissons

Ran into a few sharp objects. Got embroiled in China regarding a product. Also, had some operational issues in Europe. Great company and is exposed to some decent markets.


Price: $0.010
Subject: GLOBAL LARGE
Bias: CAUTIOUS
Owned: Unknown
2014-07-25 DON'T BUY Bonavista Energy Corp
BNP-T
Eric Nuttall

(Market Call Minute.) Would hold off on this. They have limited exposure to any upside in natural gas. Have been doing a good job of turning things around, but there are other names he likes better.


Price: $14.480
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Unknown
2014-07-25 DON'T BUY BRF Brasil Foods SA
BRFS-N
Darren Sissons

What worries him is that commodity companies in general tend to be highly cyclical. Things that will affect the sector is the grain trade that is starting to unwind in the US and will bring down input costs as well as issues around safety. Good company, but it’s not something that really excites him. You buy a commodity story when it is really weak and buy it on the recovery.


Price: $25.760
Subject: GLOBAL LARGE
Bias: CAUTIOUS
Owned: Unknown
2014-07-25 COMMENT Baytex Energy Corp
BTE-T
Eric Nuttall

Thinks they raised money at $39.50 to buy Aurora in Texas. In retrospect it was a pretty good transaction. It took a little while for the street to appreciate how much free cash flow that asset will contribute over time. They have to spend a certain amount to maintain production and grow it a little, and all of the excess cash flow from Baytex can either be used to repay debt, which they don’t have a lot of, or they can use it to increase their dividend, or buy other acreage. Sold his holdings because it had regained the multiple it had. There is a new team, so there is a little bit of proving they have to do to the street. Trading at a multiple where people are already baking in extremely good operational success. On a relative valuation basis, he would prefer other names. If you own, it is a steady Eddie name, and you are looking at roughly 10%-12% total return.


Price: $48.590
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-07-25 COMMENT Bellatrix Exploration Ltd.
BXE-T
Eric Nuttall

Had been mildly critical of this when the stock was mid-$9’s and they came to market to try and raise about $250 million. Due to the share price dropping off, they clarified that they had wanted to buy out one of their partners on some other acreage. There has been a knock on people’s perception of the company, and it takes a very long time to regain the multiple. While it is cheap, he thinks it is going to stay cheap for a period of time. If you are a long-term investor and don’t want to realize capital gains, you can stick around.


Price: $8.620
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-07-25 DON'T BUY Cardinal Energy Ltd
CJ-T
Eric Nuttall

This is more of a yield play. They IPO’d in Dec/13 at $10.50. Sold his holdings in the mid-$15-$16, feeling that the easy money had been made. They are now essentially a pure play on the Glock where they have drilled 2 wells. Three wells will be released the next time they come out with results in about 3 week’s time. The real upside is that they are under leveraged, and given the real low decline rate of their assets, they are generating a lot of excess free cash flow, which they don’t necessarily want to deploy into their existing play. They are looking at other plays. They have been targeting a 2000 barrels a day acquisition for many, many months. It seems they may be getting closer to achieving that. Given that they are trading at around 7.5-7.8 times enterprise value to cash flow, they’ll likely be able to make an accretive acquisition and have the stock go up. There are other names he would prefer right now.


Price: $18.800
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-07-25 COMMENT Crescent Point Energy Corp
CPG-T
Eric Nuttall

(Market Call Minute.) This is a core holding. He typically sells in the high $40’s and buys in the low $40’s. This will be $50 stock in 3-4 years.


Price: $45.220
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
Showing 1 to 15 of 130,105 entries
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