Oil Stocks: John O'Connell, RBC Dominion Securities

John O'Connell, portfolio manager, The Harbour Group, RBC Dominion Securities commented on several oil stocks on RoBTV today:

CANETIC RESOURCES (NYSE:CNE TSE:CNE.UN): very aggressive in acquisition strategy..see alot of distribution cuts if energy prices continue to be volatile..great deal of volatility in distributions..
CONOCOPHILLIPS (NYSE:COP): a name that I do follow is EXXON MOBIL (NYSE:XOM)..if I want to buy U.S. dollars, buy something that I can't in Canada..Conoco's trading at 5 times P/E for a reason..if you want to have exposure to oil, buy IMPERIAL OIL (AMEX:IMO TSE:IMO)

CRESCENT POINT ENERGY (TSE:CPG.UN): if it has hedged effectively or is a low-cost producer, maybe they can maintain distributions..whether you like oil or not, market is suspicious of these income trusts

TALISMAN ENERGY (NYSE:TLM TSE:TLM): we own Talisman, bought it around $18.40..love the company..could hedge future production three years and use money to buy back 60% of its own stock..I think if you bought at $16 would be compelling value