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BNN Market Call

Three top picks from oil and gas analyst Josef Schachter Add to ...

Josef Schachter is president and CIO of Schachter Asset Management. His focus is on oil and gas stocks.

Top picks

Petromanas Energy Inc.

Peteromanas is focused on exploration in Europe with operations now in Albania and France. The Albanian business is focused on light oil targets and the French operations is focused on conventional natural gas targets (which do not need fracking). PMI is led by an experienced exploration-focused management team. PMI is well-financed with $44-million of cash on the balance sheet (no debt) at the end of Q1/13 and has very attractive 3-well cost sharing arrangement with Shell.

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Tamarack Valley Energy

TVE has two key plays focused on oil volumes which has moved liquids production to 2,890 boe/d in Q2/13. Liquids are now 59 per cent of total production. Cash flow per share should exceed $2 in 2013. Stock trades below book value and below NAV of $4.28/share. Tamarack has a 12-month target of $5.00

Cash (third pick)

Past picks: July 4, 2012

Delphi Energy
Then: $1.28
Now: $1.39
Total return: +8.59 per cent

Guide Exploration (Acquired by Long Run Exploration Oct. 29, 2012)
Then: $1.68
Now(Oct. 29, 2012) : $24.63
Total return: -1.79 per cent

Cash (third pick)

Total return average: +2.26 per cent

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  • PMI-X
  • TVE-X
  • DEE-T
  • LRE-T
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