Badger Infrastructure (BDGI.TO)

(A Top Pick May 23/13. Up 16.75%.) There is more room to run. Very strong quarter with EBITDA up almost 50% year-over-year. Half of their businesses in Canada and half in the US. Canadian business is pretty mature but is still growing at about 20% a year. They don’t have to fund any of their growth through dilution. Could probably increase the dividend. Trading on an 8X multiple but probably deserves a 10X multiple. Not volatile.

Chart shows that it has had a bit of a parabolic up move. It is now starting to take a bit of a pause. Whenever you see a parabolic move, it is overbought and he wouldn’t be surprised if this stock has a bit of a pause or a pull back in the short term.

(A Top Pick October 3/12. Up 111.95%.) Doesn’t own any more because he thinks it is fully valued.

Just released their numbers which were spectacular. In light of the oil/gas industry backdrop where the sector is kind of rolling over in terms of spending, has big problems in terms of weather, reduced spending from producers. It has been bad all along and this company comes along and knocks it out of the park in terms of earnings. Was shocked that they didn’t raise the dividends as they have the capacity to do so. Earnings are accelerating.

Has a nice little trend here. It looks like the trend broke a while ago. Buy it around $45 or for $51 so that you have a confirmation that it will continue to go up.

(Market Call Minute.) Liquid injection into the ground. A good one.

(Market Call Minute.) An interesting company. One-of-a-kind. Not many competitors. Doing very well right now but he feels the stock has run up and he wouldn’t buy at this price.

He held for a year and it did spectacularly well. They tend to under promise and over deliver. One of the only players in town and fire on all cylinders. If you owned it for a year or two you could take some money off the table.

He sold out a while ago. It was a big holding. He likes the business. It was a simple business to understand. He can’t get back in here because he can’t get comfortable with the valuation. A lot of names like this that pay a nice dividend have attracted investors moving from energy and commodities to services.

(Market Call Minute.) Has doubled in the past year and its valuation is a little bit different. Rates it as B+. Has a great growth profile.

(A Top Pick June 26/12. Up 99.69%.)

Really, really boring. When pipelines are broken they do pressurized water to fix them. At all time high but they keep growing their dividend. Lots of market share for them to gain. 600 trucks, making 3 more every week. They don’t need to raise money. Pick away to build your position.

Recommended at $24.60 now 44.50 up 86.66% A Canadian company that is growing quickly in the US. Make the HydroVac trucks, which use high pressure water to move the earth. The managment knows how to run the company.

Wonderful company. Management does a great job of growing it. Not the bargain that it once was. On dips, he likes to buy for new clients. Would prefer it in the upper $30’s. Still a good growth story because it is the dominant player in its industry in Canada, which uses high-pressure water to move earth for utilities, pipeline companies, etc. Its big growth is into the US and it is taking out mom and pop players.

Raised their dividend. Their financial performance has been really, really good. Considering the oil/gas sector has not been so hot, they have done a fabulous job. They are getting a lot more utility business such as cable and phone companies. Moving into the US but expects they will play it conservatively and not go in too fast.