Bruce Campbell 2First stock in the clip + two sets of comments. A strong candidate to be taken over. GLTA
https://watch.bnn.ca/#clip1072624
TOP PICKS:
Rock Energy (RE TSX)
Rock Energy is a focused in Alberta and Saskatchewan. Rock’s management team has done a great job of exceeding expectations through higher production and higher cash flow numbers. Rock is working on a polymer flood project in Saskatchewan that will be interesting from a production and cash flow perspective. Our last purchase was on February 12 at $3.75.
| 2014-03-06 |
TOP PICK |
Bruce Campbell (2) |
Management just continues to meet and exceed their expectations. Alberta and Saskatchewan area. Light and heavy oil. Great management team. Great things in terms of growing production and low decline rates. Water flood project in Saskatchewan should get them a royalty credit. Cash flow will go up to $2 range. Really good at maximizing their netbacks. Leased their own rail cars a few years ago. Doesn’t think they will be around for long. They will be taken over by a dividend payer.
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Price:
$4.470
Subject:
CANADIAN
Bias:
BULL on CANADIAN MARKET
Owned:
Yes |