Oil Stocks: Robert Floyd, R.A. Floyd Capital Management
Robert Floyd, president, R.A. Floyd Capital Management
On Specific Oil Stocks:
PENN WEST ENERGY (TSE:PWT.UN): unfortunately it has been subject to same problems as other trusts..taxation scenario which will evolve over four years..alot of people heading to the door too early..I think you will get seasonal trade in oil and gas into new year..payout ratio looks very good..want to hold it a little while to see how seasonality plays out..
FALCON OIL & GAS (CVE:FO): recently bought some more falcon at $3..some great opportunity, but deep testing, risks..what we have seen so far is extremely encouraging..we are holder of Falcon, bought first position 52 cents..
SUNCOR ENERGY (NYSE:SU TSE:SU): we have Suncor in our large cap benchmark..assets are extremely strong..long-life asset, proven that they are extremely shrewd operators..good one to hold on to, put some away, good outlook
ARC ENERGY (TSE:AET.UN): I think it is a decent call to buy ARC here, well run trust..I think a lot of these trusts are oversold..tax situation to evolve over four years, for people to thrown them out so early I think is foolish..depending on the opportunity, I will put income trusts in income profile, not growth..
TALISMAN ENERGY (NYSE:TLM TSE:TLM): shrewd management..more international flavor..good oil exposure..oil has been weak of late, but better performance expected next 12 months..
PAST PICK: ENSIGN ENERGY (TSE:ESI): numbers reported strong, outlook for drillers suspect..in terms of Ensign itself, they say outlook fairly good next year..trade back up to $20s..
PETRO-CANADA (NYSE:PCZ TSE:PCA): I think in the past Petro-Canada had reported disappointing numbers, now with problems behind them stock starting to improve..over next 12 months, will get a bit better..if I were to buy Petro-Canada, probably would buy a little earlier, but would not be afraid to buy now
TOP PICK: VERO ENERGY (TSE:VRO): gas exposure, tremendous growth in terms of boes..we see cash flow increasing substantially, target $7.50 range..small company with good growth profile..unique little company, held this for 1.5 years.
On Specific Oil Stocks:
PENN WEST ENERGY (TSE:PWT.UN): unfortunately it has been subject to same problems as other trusts..taxation scenario which will evolve over four years..alot of people heading to the door too early..I think you will get seasonal trade in oil and gas into new year..payout ratio looks very good..want to hold it a little while to see how seasonality plays out..
FALCON OIL & GAS (CVE:FO): recently bought some more falcon at $3..some great opportunity, but deep testing, risks..what we have seen so far is extremely encouraging..we are holder of Falcon, bought first position 52 cents..
SUNCOR ENERGY (NYSE:SU TSE:SU): we have Suncor in our large cap benchmark..assets are extremely strong..long-life asset, proven that they are extremely shrewd operators..good one to hold on to, put some away, good outlook
ARC ENERGY (TSE:AET.UN): I think it is a decent call to buy ARC here, well run trust..I think a lot of these trusts are oversold..tax situation to evolve over four years, for people to thrown them out so early I think is foolish..depending on the opportunity, I will put income trusts in income profile, not growth..
TALISMAN ENERGY (NYSE:TLM TSE:TLM): shrewd management..more international flavor..good oil exposure..oil has been weak of late, but better performance expected next 12 months..
PAST PICK: ENSIGN ENERGY (TSE:ESI): numbers reported strong, outlook for drillers suspect..in terms of Ensign itself, they say outlook fairly good next year..trade back up to $20s..
PETRO-CANADA (NYSE:PCZ TSE:PCA): I think in the past Petro-Canada had reported disappointing numbers, now with problems behind them stock starting to improve..over next 12 months, will get a bit better..if I were to buy Petro-Canada, probably would buy a little earlier, but would not be afraid to buy now
TOP PICK: VERO ENERGY (TSE:VRO): gas exposure, tremendous growth in terms of boes..we see cash flow increasing substantially, target $7.50 range..small company with good growth profile..unique little company, held this for 1.5 years.
posted by Spelunca at 11:10 PM
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