Opinions
James Rife
Horizon North Logistics
HNL-T
COMMENT
Aug 09, 2016
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.
A camp accommodation provider for oil companies. Apart from their problems in Fort McMurray, the company is actually doing the right things to get away from the sensitivity of the oil sands accommodations, so they have a new box modular division for building accommodations for non-energy companies. A well-run company, and not too expensive. Pays a pretty good dividend.