Oil Stocks: Brendan Kyne
Brendan Kyne, chairman and CEO, Leeward Hedge Funds
TRUE ENERGY (TSE:TUI.UN): we think that four years too short..perhaps we will have a change, it will be an election issue..liquidation of holders who by mandate cannot buy trusts, provides opportunity
PENN WEST ENERGY (NYSE:PWE TSE:PWT.UN): gas-weighted, top-five management team, faces same decision as other trusts, owned by a lot of other trust funds..as each trust announces de-coupling, will see lots of selling, presents buying opportunities for equity investors..I do not own
CONOCO-PHILLIPS (NYSE:COP): trend towards nationalization of resources assets, will not help global oil market..I think it is good value stock, crude oil will trend towards mid-$60s, probably a good buy right now, certainly good value
NIKO RESOURCES (TSE:NKO): developed enormous oil & gas project in India, success..such an energy demand in India that is enormous, company will continue to grow..acquisition target, multinational can come in and get foothold..wish I owned it but I do not
DUVERNAY OIL (TSE:DDV): like every other gas producer in Canada has been influenced by price..continued to deliver learge-volume expansion..I believe 2007 better year for gas, curtailment of drilling, high decline rates leads to problematic production profiles..cold snap means much larger gas consumption..
CANADIAN OIL SANDS (TSE:COS.UN): very very long life asset, lower yield because of that..likely held by most trust funds..
ENCANA (NYSE:ECA TSE:ECA): the largest liquid Canadian company that is gas-weighted..I own Encana, it really did not do anything in 2006 but I do like it
TRUE ENERGY (TSE:TUI.UN): we think that four years too short..perhaps we will have a change, it will be an election issue..liquidation of holders who by mandate cannot buy trusts, provides opportunity
PENN WEST ENERGY (NYSE:PWE TSE:PWT.UN): gas-weighted, top-five management team, faces same decision as other trusts, owned by a lot of other trust funds..as each trust announces de-coupling, will see lots of selling, presents buying opportunities for equity investors..I do not own
CONOCO-PHILLIPS (NYSE:COP): trend towards nationalization of resources assets, will not help global oil market..I think it is good value stock, crude oil will trend towards mid-$60s, probably a good buy right now, certainly good value
NIKO RESOURCES (TSE:NKO): developed enormous oil & gas project in India, success..such an energy demand in India that is enormous, company will continue to grow..acquisition target, multinational can come in and get foothold..wish I owned it but I do not
DUVERNAY OIL (TSE:DDV): like every other gas producer in Canada has been influenced by price..continued to deliver learge-volume expansion..I believe 2007 better year for gas, curtailment of drilling, high decline rates leads to problematic production profiles..cold snap means much larger gas consumption..
CANADIAN OIL SANDS (TSE:COS.UN): very very long life asset, lower yield because of that..likely held by most trust funds..
ENCANA (NYSE:ECA TSE:ECA): the largest liquid Canadian company that is gas-weighted..I own Encana, it really did not do anything in 2006 but I do like it
posted by Spelunca at 9:13 AM
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