
TSE:ARX
Their balance sheet is one of the stronger ones out there. They have said they are supportive of their 11% dividend. He thinks it is secure. They are on the fairway of LNG.
(A Top Pick Jun 25/18, Down 50%) Was more bullish on energy then. LNG permits and approvals were happening, but the funds have not been flowing into energy. Should probably look into integrated major like Suncor right now. Need to see LNG facilities operating before the stock can take off. Good dividend with low cost and low debt. Energy has been a tough sector.
Dividend is approaching 14%. Too good to be true? No. He used to own this. Trades at 0.6x book value, an all-time low. Dividend is safe. LNG will get built on the west coast, so be patient and get paid to wait.