RE: this one has performed like..Hey, Terroir,
Petrobakken is my attempt at a home run. it definately has its risks but its worth a shot down where I got it, I think. A non-core asset sale could take care of the funds for the convertable debenture but who knows what management will do.
I like PennWest alot. In the $13s a few months ago was a gift. I was a little slow and picked up a little in the high $15s. I wish I had more.
Man, I wish I was sophisticated enough to write my own covered calls. I'm have small positions in Horizon's covered calls etfs (HEX, HEP and HEE) and they suck. They seem to capture all the downside and give you waaay less of the upside than I expected. The dividends are nice but part of me keeps expecting them to get smaller and smaller. Obviously, I hope I'm wrong. I'm also in the bmo covered call etf for canadian banks. Thats been alright so far.
Yeah, Iove Crescent Point. Management doesn't disappoint. Their cashflow is growing by leaps and bounds and doesn't look to slow down any time soon. They issue alot of equity so I dont expect a massive move up any time soon but they have huge land positions and and like a crazy amount of drilling sites still to get to. Sooner or later they are gonna stop acquiring property and focus on the years and years of drilling they have ahead of them. I think thats when we'll see the real move up for cpg.
I, too, also like arx, go, tlm and bxe. I must have had rocks in my head not to pick up tlm in the $12s a few days ago for a trade.
I think pgf is a little interesting too. I have quite a bit in the high $11s. Their proven properties aren't the most exciting but they have a lot of property at Swan Hills, supposed to be an emerging oil play plus they have well over a billion dollars on their balance sheet. It will be interesting to see what they do with that cashola.
Anyway, if you want, send me an inbox whenever you see any dividend paying oil/gas play that looks good for a buy.