2013-01-09
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| TOP PICK | $33.270 | DEFENSIVE | OIL & GAS | Yes |
Thinks they will be increasing their 1.6% dividend in the next couple of months by about 50%. Would generate about $2 billion of free cash flow this year while growing production by 10%. Cheapest integrated name globally trading at about 5.5X cash flow with a 30 year reserve life. Protected from 2013 heavy oil differentials.
Eric Nuttall
Portfolio Manager,
Sprott Assett Management