Michele Robitaille
CCS Income Trust
CCR.UN-T
TOP PICK
Mar 23, 2007
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.