Eveready Inc (EIS.TO)

Has never owned this one. Involved with oil services for the oil sands, which is a great business but he prefers Mullen Group (MTL.UN-T), which is more liquid with a better franchise. Also involved with camping/catering business, but he prefers Horizon North Logistics (HNL-T). Has been hurt lately because the company now pays distributions in units instead of cash. This is quite dilutive to the stock. 19.4% yield.

A collection of a number of businesses. Payout ratio is a bit high. Management owns a lot and rather than take cash distribution, they’ve elected to take shares. This is helping the payout ratio to come down. Would like to see them more focused and not do as many acquisitions. If they keep on performing, it’s a name he will consider again.

In the energy services field, but not tied to the short-term volatility of commodity prices. A good third to a quarter of their earnings are tied to oil sands, which are long-term projects.

Although they are in the energy services field, they can also be described as an industrial company. Have a lot of stable work that is not tied to exploration. Good exposure to the oil sands.

Western Canada oilfield services provider. 25/30% of revenues come from the oil sands. Good backdoor way to get into the oil sands. Great track record of acquisitions. Decent payout ratio.

Looks quite interesting. Split between oil filed services and cleaning. Have a substantial exposure to the oil sands.