Oil Stocks: Neil Wickham, Wickham Investment Counsel

Neil Wickham, president, Wickham Investment Counsel was on RoBTV talking about oil stocks.

TALISMAN (NYSE:TLM TSE:TLM): good entry point..if we see significant bump in natural gas prices..stock will also move up

ENCANA (NYSE:ECA TSE:ECA): same comment as Talisman..

SHININGBANK ENERGY (TSE:SHN): one of the older trusts, cut their distribution several times

ENERPLUS (TSE:ERF.UN): if oil price drops <$50, they would be cutting dividend, but not if oil stays above $55..one of the oldest trusts..

CANADIAN OIL SANDS TRUST (TSE:COS.UN): comparable company is SUNCOR (NYSE:SU TSE:SU)..both positive long-term view

FREEHOLD ROYALTY (TSE:FRU.UN): structured a little differently..they don't operate anything..buy royalties on production

PETRO-CANADA (NYSE:PCZ TSE:PCA): stock has come down..if we see strengthening in price of oil, stock will go back to old high..if continued weakness, Petro-Canada stay in this range

TOP PICK PENGROWTH ENERGY TRUST (NYSE:PGH TSE:PGF.UN): we've added to it recently..second energy trust ever created..rate of return 20.7% over 17 years..are going to buy block of assets from Exxon-Mobil (NYSE:XOM)..reasonably long reserve life..great production