| IAE-T |
|
2014-04-16 |
DON'T BUY |
Jerome Hass |
Was supposed to be a takeover quite a while ago and he lost patience with it. This one always seems to be next year’s story.
  /
|
Price:
$2.650
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
SELECTIVE
Owned:
No |
|
IAE-T |
|
2013-12-16 |
Jerome Hass |
Essentially a play on North Sea oil. A development company that just manages to find ways to never deliver, it is always next year’s story. He just got tired of the name.
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|
Price:
$2.700
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown |
|
IAE-T |
|
2013-12-03 |
SELL ON STRENGTH |
Irwin Michael, B.Com, MBA |
Buy at $2 and sell at $2.75-$3. The Street loves it. Trading well below NAV. It could be in play. Take a little profit above $2.60.
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|
Price:
$2.580
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes |
|
IAE-T |
|
2013-11-15 |
Josef Schachter |
Stock has done well and still has lots of upside in bringing on new production. If you want an alternative involved in the UK North sea, look at. Sterling Resources (SLG-X). (See Top Picks.)
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|
Price:
$2.460
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Unknown |
|
IAE-T |
|
2013-11-08 |
BUY on WEAKNESS |
Bruce Campbell (1) |
Exited his position a couple of months ago when they announced the Stella results and the stock bumped about 30% in a month. It always looks cheap. Because it is the North Sea with $50 million per well, some times it takes a long time. He would look at buying it back, but closer to $2. He can see $3.20 but based on track record, that would be the 2015 target.
/
|
Price:
$2.440
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No |
|
IAE-T |
|
2013-11-07 |
BUY |
John Stephenson |
There is continued development of the Greater Stella field in the North sea. Production has been pretty strong. Feels this is a pretty solid name. Had a few challenges with operational misses a few years back but, in the international space, this screens quite well. Looks quite attractive.
/
|
Price:
$2.380
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH on BANKS
Owned:
No |
|
IAE-T |
|
2013-09-20 |
BUY |
Irwin Michael, B.Com, MBA |
North sea oil producer. Feels it has an NAV of $3-$3.50. They were under a lot of pressure. When they took over Valliant energy and paid it off in stock, a lot of the Valliant shareholders liquidated their stock. In the Greater Stella, the 1st well came in at over 10,000 barrels a day and they have 3 or 4 others, which got people all excited. The Valliant acquisition took them up to a higher level and it should be and could be a takeover candidate, but it is no longer a small cap, it is now a mid-cap, which should gather a lot of people’s attention. Cheap.
/
|
Price:
$2.470
Subject:
VALUE
Bias:
BULLISH
Owned:
Yes |
|
IAE-T |
|
2013-09-11 |
Bruce Campbell (1) |
Excellent flow results coming out of the 1st well from Stela. There are 4 being drilled. This justifies the $3+ NAV so it is one of the cheapest. You are paying about 1.5X cash flow which is ridiculously cheap. But, it’s North sea so it is riskier and it is $20 million a well. This will be quiet now for a couple of months.
/
|
Price:
$2.350
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes |
|
IAE-T |
|
2013-08-13 |
Peter Hodson |
North sea oil producer. Have just gone through a big acquisition so it is in transition in terms of future growth profile. It is a higher risk. Reserves and developments they have cost a lot of money but it is a “future” story. The next 3-4 years should be pretty good. Likes the management team. In terms of North sea exposure, it is one of the better companies.
/
|
Price:
$1.820
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
No |
|
IAE-T |
|
2013-07-16 |
DON'T BUY |
Jerome Hass |
Why is this so discounted compared to some of the Western Canadian producers when it is getting world prices? He couldn’t understand this either but finally got so fed up he just sold his holdings. It has chronically disappointed over the last 3 years in terms of production.
/
|
Price:
$1.880
Subject:
CANADIAN MID - LARGE CAP
Bias:
OPTIMISTIC
Owned:
No |
|
IAE-T |
|
2013-06-21 |
BUY |
Alice Tsang |
Stock is cheap. Have lagged on their production guidance. Brought Athena on line a couple of years ago and the well behaviour disappointed the market. However, they are about to bring on Stella in 2014. There may be more ramp up issues that have to be faced. At a 1 to 2 times cash flow kind of valuation over the next year, 2014 earnings, she feels the stock justifies the downside risk. If Stella comes on, this could get back to the $2.25 range.
/
|
Price:
$1.840
Subject:
CANADIAN RESOURCE
Bias:
CAUTIOUS
Owned:
Unknown |
|
IAE-T |
|
2013-06-13 |
PAST TOP PICK |
Irwin Michael, B.Com, MBA |
(Top Pick Jun 22/12, Down 2.19%) They made a major acquisition. It was sold only because they didn’t know the company. This is North Sea oil and they are now producing more of it. Ripe for take-over. Thinks the stock is cheap.
/
|
Price:
$1.780
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes |
|
IAE-T |
|
2013-06-11 |
BUY |
Bruce Campbell (1) |
(Market Call Minute.) Thinks it is the cheapest oil company in the world, trading at about 1.5X cash flow.
/
|
Price:
$1.860
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes |
|
IAE-T |
|
2013-05-22 |
BUY on WEAKNESS |
John Stephenson |
North sea operator, so a lot of abandonment liability. In terms of overall, he thinks it looks fairly attractive. Wait until the summer weakness he is predicting subsides to get your position.
/
|
Price:
$1.880
Subject:
NORTH AMERICAN - RESOURCE
Bias:
BULLISH on RESOURCES
Owned:
Unknown |
|
IAE-T |
|
2013-04-05 |
PAST TOP PICK |
Alice Tsang |
(A Top Pick June 11/12. Up 2.35 %.) Sold her holdings but just bought back in yesterday. Production has been fairly disappointing however, valuation has gotten to a point where it is trading at 1X cash flow. It now looks very attractive to her technically.
/
|
Price:
$1.810
Subject:
CANADIAN RESOURCE
Bias:
CAUTIOUS
Owned:
Yes |