Viewing Expert Ryan Bushell | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Ryan Bushell , V. P. & Portfolio Manager

Leon Frazer and Associates


Date Signal Chart Symbol Company Opinion Price
2017-02-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. A lot of correlation has been made about the market move and Donald Trump, but he has been calling for an increase in interest rates flowing some money back towards the equity market. Economic fundamentals are strong. If rates rise a bit more, some of his favourite stocks might go on sale so that he could add to them on a dip. We are 9 years into this economic expansion, the second-longest expansion on record in terms of a business cycle. However, it has been a tepid expansion, so it could go on longer.


Price:
$0.020
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
_N/A
2017-02-14 TOP PICK Must be logged in to use chart ALA-T Altagas Ltd

Good management team. 6%-7% annualized dividend growth over the last 5 years. 7% growth on a 7% yield is a big number. He likes this company for yield focused investors. Acquiring WGL Holdings, a Washington-based utility in Virginia. Has faith in the management team to pull the acquisition off. Dividend yield of 6.72%. (Analysts’ price target is $35.44.)


Price:
$31.240
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 WATCH Must be logged in to use chart BCE-T BCE Inc.

Just increased their dividend 5%. All the Canadian telcos have seen better wireless subscriber additions recently. The adoption of secondary devices, immigration and demographics is combined to increase the growth rate of these companies. If interest rates increase, there will be a broad macro trade to sell the telecoms and utilities especially, and that’s when he would start looking at this.


Price:
$58.000
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 HOLD Must be logged in to use chart BTE-T Baytex Energy Corp

The only non-dividend paying stock he owns. It used to pay a dividend, went through the downturn and a lot of dividend based investors sold. The core assets are still very good. It still has a leverage issue, but are working through that. Recently did an acquisition in Alberta that looks very promising. Fundamentally thinks oil prices should be higher, and if so, this stock has a lot of potential.


Price:
$5.300
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 COMMENT Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Metrics look good relative to the other banks. However, it is cheaper for a reason. At current levels, he feels it is as attractive as the other banks. On the positive side, they have taken the tack of increasing payout ratios, which means a higher dividend yield and more dividend increases. More domestically focused than the others.


Price:
$115.810
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
No
2017-02-14 TOP PICK Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

A lot of the large Canadian oil producers have gone on sale recently. There are 2 big concerns in the market. One is the possible border adjustment tax, which would raise the price of retail gasoline in the US, and he doesn’t think that is likely to pass. The 2nd is how much production comes on in the US and what happens with the OPEC deal. The WTI strip has hung in their pretty solidly, even with some big inventory builds over the last couple of weeks. The stock is cheap. Dividend yield of 2.52%. (Analysts’ price target is $49.74.)


Price:
$39.690
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 PAST TOP PICK Must be logged in to use chart CVE-T Cenovus Energy

(A Top Pick Feb 29/16. Up 17.19%.) Low cost oil sands producer. A lot of US investors are more enamored with near-term production growth that might come from some of the shale producers in the US, but they are ultimately going to find that decline rates are going to hurt and they’ll have to replace the reserves. This company’s oil reserves are almost infinite.


Price:
$17.950
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 TOP PICK Must be logged in to use chart ECI-T EnerCare Inc

He likes this for the long-term. This services, sells and rents water heaters, furnaces and air conditioners. Increased penetration of rentals is really valuable for them longer-term. Good management team. Just did a big acquisition in the US where they are going to roll out rentals, which should be good for the company longer-term. Dividend yield of 4.86%. (Analysts’ price target is $21.60.)


Price:
$19.020
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 COMMENT Must be logged in to use chart ENB-T Enbridge

This has done about 12% annualized total return since 1952. The future still looks bright. They have the line 3 replacement project, the largest capital project in their history, which is going through some regulatory hurdles, but thinks they will get it going. The merger with Spectra is another thing for them. The pipeline sector, is moving from sort of more in the “growth at a reasonable price” area into a more utility like cash flow arena. With a solid yield and the dividend growth, you can’t go too far wrong.


Price:
$56.510
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 COMMENT Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

Enbridge Income Fund (ENF-T) or Inter Pipeline (IPL-T)? These are not similar companies, but have similar stories. They are both slower growth companies with a slower dividend growth, but with a higher yield and more stability. It just a matter of how much you want to own of them in your portfolio and what your goal is. Ultimately both companies are solid.


Price:
$34.330
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
No
2017-02-14 BUY Must be logged in to use chart FRU-T Freehold Royalties

This has exposure to oil, which was the volatility in the stock in the last 1.5 years. As a royalty producer, it has almost zero CapX and very low leverage, so it is more defensive relative to other oil producers. Expects there will be a dividend increase, if not in Q1, then in Q2.This has exposure to oil, which was the volatility in the stock in the last 1.5 years. As a royalty producer, it has almost zero CapX and very low leverage, so it is more defensive relative to other oil producers. Expects there will be a dividend increase, if not in Q1, then in Q2.


Price:
$13.200
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 PAST TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

(A Top Pick Feb 29/16. Up 16.27%.) The 46th-47th year they’ve increased their dividend. A company he plans to own forever. It doesn’t get much more sustainable than gas/electric distribution, and they are one of the best in North America.


Price:
$42.010
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 COMMENT Must be logged in to use chart H-T Hydro One

A steady Eddie stock. You aren’t going to make a fortune, but you can sleep well at night. With the potential of further de-regulations coming, some of their assets could be operated more efficiently. There are some opportunities for them to consolidate within the market, but it remains to be seen. The other large Canadian utilities are buying assets in the US, so it will be interesting to see how this one augments their growth rate longer-term. There are other investments in the space that he likes better. 3.5% dividend yield.


Price:
$23.590
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
No
2017-02-14 COMMENT Must be logged in to use chart IPL-T Inter Pipeline

Enbridge Income Fund (ENF-T) or Inter Pipeline (IPL-T)? These are not similar companies, but have similar stories. They are both slower growth companies with a slower dividend growth, but with a higher yield and more stability. This one probably has a little more potential given that it is a bit smaller so incremental projects means more for them. They have a proposal on a propylene plant in Western Canada, which would be very positive longer-term. Ultimately both companies are solid. It just a matter of how much you want to own of them in your portfolio and what your goal is.


Price:
$28.780
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
No
2017-02-14 COMMENT Must be logged in to use chart MBT-T (Dead) Manitoba Telecom Services

Being acquired by Bell Canada (BCE-T). Accept the offer or just take the cash? You might as well wait for the tender offer and get the full price. If you already own BCE, you may not want to take shares, but take the cash instead. At current levels with a 5% yield, BCE is decent.


Price:
$37.600
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
No
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