Benj GallanderHorizon North LogisticsHNL.TOWAITMar 26, 2015

(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.

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)

It is too early for this sector, the oil rally has not been sustained long enough yet. Any LNG project would help, but has not yet been confirmed. It is not as bad as it was before, just not good enough to enter back into yet.

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)

Very good looking chart in a good up trend. He has had good success trading this in the past. The uptrend today looks sustainable. A small company, so be careful on holding only a small position. He would use $2.35 as a stop.

(A Past Top Pick on January 12, 2017, Up 27%) They make modular housing, best known around the Oil Sands. Affordable housing is an issue around Canada and a tailwind, and HNL can build condos, apartments and hotels quickly. The stock has had a big move off the lows, but likes this stock a lot.

(A Top Pick Jan 12/17, Down 19%) He had to get out because they continually disappointed. They are now getting into mobile and affordable housing. They got a contract with the city of Vancouver. He does not think this part of his story is fully understood. He likes it but does not own it at present. There is just not enough housing in Vancouver for the middle class.

A maker of work camps for resource projects. Oil/gas was their biggest sector base, so it took a big decline. There are some infrastructure projects they can bid on, but there is a lot of competition. Prefers Macro Enterprises (MCR-X), where if you add up the cash and equipment it is worth about $3.

If you have a long-term investment horizon, this would be a Buy. Feels it is a really good company. They’ve been earning a really good rate of return. Very cyclical. When oil prices go down, you are not going to build as many camps and temporary homes. Currently this is in a weak part of the cycle, which is why the stock is down. 4.73% dividend yield.

A modular accommodation company in the oil patch. With all the projects, especially in the oil sands, getting cut and the problems in Fort Mac, they’ve had a pretty rough couple of years. Had a pretty big debt level and were met with declining demand. They cut their dividend twice, and the stock went way, way down. He thinks the worst is over now. Not a bad company. The debt level is still pretty high, higher than he would like. Not a whole lot of growth potential. Thinks it is going to survive the downturn, but it wouldn’t be his favourite.