Opinions
James Telfser
Horizon North Logistics
HNL-T
TOP PICK
Sep 26, 2012
Stock price when the opinion was issued
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Their original business was to build houses for oil and gas business. They have diversified to construction houses. The biggest upside is if liquid gas projects get sanctioned here they have a good chance to get a contract on that. A good little business. Good upside. (Analysts’ price target is $3.31)
They had already had a run up ahead of the announcement for west coast LNG. He thinks this company has the most immediate upside potential due to its link to camps and catering. They will be building modular homes, buildings and other structures and have a good land holding to develop a great growth strategy near Kitimat. Yield 2.6%. (Analysts’ price target is $3.56)
(A Top Pick Oct 03/18, Down 68%) A play on LNG, that is still possible. Modular work camps and homes. He still owns a bit of it and still deciding what to do. He is concerned about the growth in debt.
Oil sands have to push out further and further, which means they need people to have a place to stay while they are there. This company is expected to double over the next 2-3 years as far as the amount of beds that they need. Manufacture their own beds as compared to some of their competitors and they also rent them out. Trading at 10X next year’s earnings. ROE of close to 30%. Has a decent yield.