Horizon North Logistics (HNL.TO)

(Market Call Minute.) Will be volatile around certain events like Keystone XL being approved and Suncor (SU-T) announcing what they are going to do with some very large-scale projects.

Operate camps where they house workers in the oil sands around Fort McMurray. There are hints of a slowdown and people are sensing that Fort McMurray is slowing a little bit because of all the Fracing that is going on in North Dakota.

Had a correction when Suncor (SU-T) cut back on the number of rooms they were going to take up in 2013. Still represents good value. Has a very good yield.

(Top Pick Jan11/12, Up 25.67%)

(Market Call Minute.) If he were going to buy one oil/gas services stock this would be his top pick.

(Top Pick Sep 26/12, Down 13.84%) A lot of companies coming out with CAP-X budgets affected this one. He is comfortable with the valuation at this point. Dividend is safe. Companies still need the caps for workers.

Likes it a lot and still does. Have some competition but be would be a buyer right here for sure. You can ride it 14% higher.

Started buying it and now it is a top 10 position. High ROE, consistent track record and lovely dividend. An accommodation play. REIT investors are owning this name also.

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.

Manufacture, own and operate “hotel like” accommodations and food services for oil drill camps. Great cash flow. He is looking at a 12% annual growth in this industry over the next 3 years. 2.6% yield and looks like they are going to increase this by 20% next year.

Great way to get exposure to oil sands. Camps and beds in oil sands need to increase 50% over the next two years. Won big contract to provide beds for CNQ. Over time dividends will go up. Core holding for his fund. Complete against BDI plus a US company.