BNN Market Call Top PickLast night guest Mason Granger was on BNN Market Call and he made SPE one of his top picks. This is what he had to say:
All 3 picks have recently done fairly transformative acquisitions. He wants to own companies that have institutional following and access to capital markets and could do smart acquisitions at the bottom of the cycle. Recently did an acquisition of some assets from Arc Resources, about 7500 barrels of 98% oil in Saskatchewan. The assets fit perfectly into the company. It also brings them through that 20,000 barrels a day threshold, which opens the company up to a broader universe of institutional portfolio managers. (Analysts’ price target is $4.60.)