First Republic Bank T.FRC

CANYON is FRACKING Awesome!!!

[Golongagain]

Keith Schaefer Interview at the 2011 Montreal Investment Conference


My favorite part of visiting Montreal’s annual Investment Conference is meeting up with my friend Keith Schaefer as we get to discuss the oil and gas sector at length. Keith is the editor and publisher of the Oil & Gas Investments Bulletin and I got to interview him on November 19, 2011.
Mich: Keith it’s a pleasure to see you again in Montreal. This year hasn’t been kind to investors as it was packed with wild volatility. Do you believe, given the persisting uncertainty out there, that investors can still make money in oil and gas?
Keith: Oh yeah, there are lots of places to make money in this market and the easiest place to make money is the services sector particularly with stocks that pay a dividend. They are still growing quiet strong and the dividend is supporting the stocks in a volatile market.
You want to own slightly larger companies like Calfrac, Trican and Canyon as things would have to be very sour for those companies not to make money next year. You also need to use volatility to your advantage, what it really means is during times like early October when the market looks really bad, you have to be willing to buy stocks with the confidence that the world will not fall apart. You have to buy stocks on those days. Keep your eyes on a basket of strong stocks that you like that are preferably dividend paying companies.
Mich: What was your number 1 pick for 2011 and why?
Keith: Poseidon Concepts (PSN.TO 10.59 [+0.37]), they came out with the right product at the right time. It’s a simple low tech solution; it’s basically heated above ground swimming pools which replace water tank farms and open water pits. PSN’s product is environmentally friendly and solves problems such as water freezing in North Dakota when it’s cold or water evaporation in Texas when it’s hot as the pools can be covered. It takes 4 hours to set up and 4 hrs to dismantle after the job is done with a total of 2 trucks needed to get the stuff in and out compared to 50.