Shawcor Ltd. (A) (SCL.TO)

A favourite company. A leading supplier of pipeline coatings. A market leader. He is very bullish on the company.

(Top Pick July 9/13, Up 36.23%) Well positioned. Had a pullback and so she has started buying for new clients again. They announced some large new contracts in the last quarter. They are a leader in their space. Lots of off shore work. Nice back log.

(A Top Pick August 9/13. Up 30.4%.) Likes their fibreglass flex pipe technology. This company has made an acquisition of a non-destructive testing business.

This company has generated a 13% total return for shareholders since their IPO in 1969. Wonderfully managed. There has been a rally in energy stocks in general. If you are a trader and you have made a big profit, you could consider taking it out. Very solid company. They make piping coating. As the world runs out of oil, they have to go under the ocean and into the Arctic and shale plays which creates more complicated and more extensive piping infrastructure in place. Typically the best time to buy energy stocks is August-September and then they tend to rally into the spring.

Activity in the oil patch is picking up and this company is going to benefit as they are one of the major players. On a valuation basis, it is discounting quite a good future in the short term. Wouldn’t be surprised, if there was a bit of a lull in energy stocks and to see this one pull back.

Dividend is definitely sustainable and was just raised this year. Tends to trade on its backlog in business and they reported an improvement in backlog recently.

It is very overbought in the short term. It has broken out to make a new high. The stock is not overly expensive at this point. If it pulls back to where there was a lot of resistance for the last year and there is support there, this would be a very good sign.

She would hold this for a three year period. What they do will be in high demand.

Thinks this will grow. His model price is $49.53, a 12% upside. Next year it is probably going to be a $50 stock. You get a little bit of a dividend of about 1%, plus you’re getting the growth of the balance sheet. He can find more value elsewhere, but there is nothing wrong with the position.

Leader in coating pipelines. Number 1 in the world. As it builds up contracts it should go up in value.

No bidders when they put it up for sale and that put a lid on it. The issue is now Keystone and other projects that you don’t know if they are going to occur. Even drilling is going to be dictated by new pipelines. It is okay to own. 1% dividend.

Good company and doesn’t have anything bad to say about it. He was in oil field services quite heavily during the last petro boom. The problem is, it is very, very cyclical. When the cycle turns against it, it turns fast. You have to be able to stomach that kind of volatility. Prefers the producers. (See Top Picks.)

It is a backlog story. $250 million pipe market in the world. These guys are number 1 in that space. You could see a pickup in orders in the near future.

(Top Pick Jan 28/13, Up 12.02%) Thought there was a process where they would sell the company and they didn’t and then the stock went down. Didn’t like the headwinds in the near term.

Great company and a great business. They do a lot of the pipe coatings and have a lot of big projects. Back log has started to come off because they finished some big work in Asia. That is when you want to buy a company like this. He sees this as a temporary issue and an opportunity to pick up a high quality name.