AvenEx Energy: BNN Market Call Top Pick on January 3, 2012
On January 3, 2012; Bruce Campbell, President, Campbell & Lee Investment Management was a guest on BNN Market Call Tonight and one of his top picks was AvenEx Energy (AVF TSX). The following is his reason for recommending the stock: “Bought in Dec. at $5.17. A junior energy producer in western Canada, which is underfollowed and therefore trades at an 11 percent yield, and yet has a low payout of cash flow.”
View the insider trading activity for AvenEx Energy. No insiders were buying: they were all selling.
Reference the website for AvenEx Energy to review the fundamental data for the company and the announcement of the dividend cut.
The stock is now in the penalty box. There are better energy stocks to consider for your current investments.
Stockchase — What the experts are saying!
Update For December 21, 2012: Pace Oil & Gas, AvenEx Energy and Charger Energy to Combine and Form Intermediate Dividend Paying Corporation.
View the market reaction on the charts. That is all that counts.
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
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