|
Dear Valued Readers:
Today we present to you another dividend paying stock, this time in the Oil and Gas sector. I do not own it but it is on my watch list.
I am not an analyst, broker, or investment advisor. I have been trading the small cap markets for over 20 years and you should consider me a blogger with opinions on equities that you may find interesting. On my web site I have posted over 33,000 interesting news releases and articles over the last 12 years!
Please be advised that YOU are responsible for your own actions and you should consult your investment advisor before making any decisions.
Today I present to you a stock that I have been following for quite some time but have never bought:
Twin Butte Energy [ Website ]
Symbol: TBE [ TSX Quote ]
Why I like it:
Current production 21,600 Barrels per Day
Dividend payout started in January 2012 and has resulted in over $100 million ($0.45/share) returned to shareholders.
Average production continues to grow rapidly from year to year.
Production is in a safe jurisdiction: Western Canada.
Plans for 2014: 63 medium oil horizontal wells, 23 horizontal and 17 vertical heavy oil wells
In October 2013 they acquired about 7,000 Barrels per day acquiring Black Shire Energy for $358 mil in cash and stock, including $107.6 mil in assumed debt.
A large analyst following (16) with targets from $2.15 to a high of $3.25 from Canaccord.
Click on the small chart above to see the large chart. The company is trading at the lower trend line.
Technically a red flag would be if the bottom trend line was broken in the chart I provided. Also a close eye has to be paid to the debt and the dividend payout. Will the company have to shave the dividend to maintain the debt?
Thanks for reading!
Warren
Blogger/Researcher
PS: Bonus Reports:
As we stated in our last Newsletter email, I will be scouring the internet for research reports.
Twin Butte Energy
PDF Presentation (35 pages):
[ Here ]
CIBC Twin Butte Research
March 21, 2014 [ Here ]
And a special report:
The Impact of a
Declining Canadian Dollar
by National Bank Financial
(38 pages) [ Here ]
Have a great day!
|
