Chevron Texaco (CVX)

(A Top Pick May 31/13. Down 1.4%.) Oils are starting to move in Canada, but not in the US. Money is going to the smaller cap names. He sees an upside of about $168, a 41% upside. Everyone hates big oil. Lots of value, but you have to be patient. Yield of 3.39%.

Pulled back recently due to the Pennsylvania oil fire and the Nigerian lawsuit. Missed earnings. From a longer-term perspective, this is a good entry point. Have a really nice LNG franchise.

Well managed integrated producer. This is a quality investment in that energy space. Have upstream and downstream operations and provides a decent yield.

Amongst a lot of Canadian producers the integrateds look better. Prefers them at this point. Thinks we will have a trading range on the stock.

Realigning their portfolio. It has been a bit of a dog’s breakfast in terms of what they are doing. Have assets up for sale all over the world right now. Thinks the best run oil/gas company out there is Exxon (XOM-N).

(A Top Pick Jan 28/13. Up 6.07%.) Had a couple of rough weeks and the price is lower. There is just too much value in these oils. He has a model price of $172.13, an upside of 42%. Yield of 3.35%.

Valuation across the big cap space is quite low in general. If you look at this company over the last 20 years or so, you still have 15%-20% upside on where they traded on average over that timeframe.

Decent dividend yield. Best held in an RRSP to get the best effect of the dividend. It has been following one of his structural prices at 1.5 times book value and has been for a long time. The slope of the growth of the book value is running at 12-13%. You get this plus the yield. Great balance sheet and earnings look fine. Put it away and forget about it.

They pre-announced last week so it drove the stock down. Model price $171.37, 45.64% upside. 3.4% dividend yield.

Coming out of a period of spending, building massive energy projects, especially in Australia. Have a very good history of allocating capital well. Production growth will really ramp up in 2014. Doesn’t think prospects for next year are priced into the stock.

As economy has been getting better, oil has been going up. Oil stocks have been in a mini bear market, but the large ones have huge value, he has a $177.48 model price. The market will recognize the value in this stock.

$167.34, 43% upside. Yield of 3.42%. Buy at $113.24 is his prediction of a pull back level.

(A Top Pick May 18/12. Up 23.9%.) Expects another 30% upside from here. His model price is $174.20. Dividend yield of 3.2%.

Model price $164.62, 42% upside. 3.1% yield. Great value, EBV lines go straight up.