Twin Butte Energy (TBE.TO)

Had a good move off the lows. Is a great example of how strong the current market is. A big seller put up a large volume of stock and it was gone in 4 seconds at market price. A lot of the easy money is probably made, but the yield is pretty safe. They hold back on Cap X if payout ratio gets over 100%. A good long term name for heavy oil exposure. 7.7% yield.

Last year the company fell on a market perception, but they came back. They made an acquisition that worked out. Every year the business model will look better and better and more sustainable.

Thinks there is quite a bit more upside to this because they are definitely executing on discovery and production. Because of that, they are on the sweet spot where they can continue to deliver growing reserves to the bottom line. He has a target of $3 on this. Yield of 8.3%. (See Top Picks.)

(A Top Pick March 21/13. Up 10.68%.) Decided that as much is he liked it, it was going to struggle against a bunch of issues and he sold his holdings.

8.4% dividend. He equates it more to a bond. The world can fall apart and you still make your dividend. It looks like it is fixed now and the stock probably goes up because this is too high a yield.

Last year they had a couple of stumbles. Valuation is probably at a significant discount to peers. Sustainable dividend. Positioned to benefit from differentials in oil prices.

Likes the heavy oil exposure and managements ability to add value. Current 8.5% dividend is a strong underpinning for where the stock should trade. It could trade at a 5% yield with the right things happening, such as the continued narrowing of heavy oil differential where they could add a little more light oil to their quiver, which they did. Dividend is quite secure. A table pounding Buy.

Likes that they are growing their fields and their production is starting to kick in. This is in a nice sweet spot where earnings start to come through. Yield of 8.1%.

Has been focusing more and more on dividend paying companies as he feels yield is going to be very important this year in terms of overall performance. Canadian light oil is trading higher than US light oil. Also, there are some dynamics where the price of heavy oil, which they are a large producer of, is improving even faster than light oil because of more rail. There is also a major pipeline coming on stream from Chicago, eventually down to the Gulf of Mexico. Has been growing production by about 4% and paying their dividend, using 91%-92% of their annual cash flow. That leaves them a buffer if the price of oil is weaker than what they have modeled.

Really likes this company a lot. Heavy oil company that has done some extraordinarily timely and thoughtful acquisitions. Clever management.

Likes the energy sector, but likes the services companies more. There is support here but if we get above $2.50 resistance then you are off to the races.

Thinks it can maintain the dividend. Thinks it will do all right for one of the smaller energy companies. 8.7% dividend.

Trading at slightly less than its NAV right now. Just made a big acquisition that is going to increase their net back and decrease their decline. Sold her holdings about a year ago. They are high grading their portfolio so she is looking to possibly get back in around this range.

Acquired a private company that adds a lot of bench strength to their inventories. Good management with their most important objective being the sustainability of the dividend. They are hedging production. Heavy oil differentials will narrow over the next quarter, benefiting the price. Can see the stock moving to $2.50 in short order. Yield of 8.73%.

Management. Dividend. Recently was named a transformational acquirer. Blackshire is enabling them to keep paying their dividend.