Garth Jestley
CCS Income Trust
CCR.UN-T
BUY
Dec 02, 2005
He is bullish on the oil service sector. This is one of the better service names. Has a good track record of increasing distributions many times. Low payout ratio. Very good at what they do. Will benefit from the trend of outsourcing.
Oil field waste treatment. A duopoly, so very strong margins. Growth opportunities through their US expansion will be very significant. Payout ratio of 65%. Clean balance sheet.
Oil/gas service stock. Involved in the treatment of waste products from the drilling processes. Drilling dropped off considerably in 06 and 07, which affected them considerably. Expect drilling activity will pick up.
It is a single facility real estate company, holding the land for Safeway stores. A good yield and can be tax efficient. He sees higher rates coming and even though they are doing all the right things, there will be some headwinds they have to face.