Peter Hodson WesternOne Inc WEQ-T SELL Jun 01, 2015

7.1% dividend. Camps business as well. They levered up the balance sheet to buy assets. Leverage is starting to come down a little bit. Not a bad way to play.

Well positioned to take advantage of all the spending on the infrastructure side of the business, plus taking advantage of the LNG build out. Horizons North (HNL-T) might be a little safer but have less upside potential.

(Market Call Minute.) Great company. Payout ratio might be a bit high. He would rather see them not pay out so much and build their business.

The name has been a little bit quiet in the last couple of months. This is still a compelling yield play, north of 7%, which is very sustainable. Massive spending in the West is still forecast and this will be in the epicentre of that. It is a very small nimble company that is under the radar that not many people are aware of. The real catalyst is the new CEO, Peter Blake, who will be installed Sept 1st.

Was stopped out pretty much at $7.80, but has a small portion that was not filled. Was completely surprised by the collapse in this. It had been on its way to $9-$10 and is now down to around $2.70. A gut wrenching drop. There has to be a dividend cut coming on this. There will be a lot of tax loss selling on this so the stock could drop further.

Has a Short on this. Has had a massive decline. Covered about two thirds of his Short, and is expecting a possible bounce. Roughly half their business is driven by energy services in camps, etc, and thinks those businesses will continue to decline. Quite a bit of debt on the balance sheet.

Very challenged business that he used to own and it got hit on the threat of a cut of Cap-X spending.

(A Top Pick March 31/14. Down 82.07%.) This was a very, very difficult name for him to deal with. He had recommended this at $7.10, and it went all the way up to $8.60, and got stopped out at $8.70. He took another position at around $4.30 and got stopped out not too long after. Stop losses did a wonderful job for him on this. He feels that 95% of his clients over 7 years, made very good money on this. What really hinges here is the BC Hydro dam Site C project, which is going to be awarding contracts. This could be a big move for them.

(A Top Pick August 13/14. Down 19.71%.) Portable accommodations for mining camps. Got caught in a whole series of events and got stopped out at $7.80.