Mullen Group Ltd

MTL-T

Analysis and Opinions about MTL-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 30, 2019
(A Top Pick Nov 15/18, Down 37%) Canadian oil remains troubled. At the time, Mullen had decent value, but that has declined in the past year. Disappointed.
Mullen Group Ltd (MTL-T)
October 30, 2019
(A Top Pick Nov 15/18, Down 37%) Canadian oil remains troubled. At the time, Mullen had decent value, but that has declined in the past year. Disappointed.
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$8.510
Owned
Yes
HOLD
HOLD
October 29, 2019
Excellent managers. Half-trucking, half-oil service. They did a convertible debenture which he bought instead of the common stock (and he's up now). If the stock rises, they will do more acquisitions. Good long term.
Mullen Group Ltd (MTL-T)
October 29, 2019
Excellent managers. Half-trucking, half-oil service. They did a convertible debenture which he bought instead of the common stock (and he's up now). If the stock rises, they will do more acquisitions. Good long term.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$8.510
Owned
Yes
TOP PICK
TOP PICK
October 28, 2019
MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. It is a consistent business with a great track record making acquisitions and operating in all kinds of business cycles. It is a great way to play the company.
Mullen Group Ltd (MTL-T)
October 28, 2019
MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. It is a consistent business with a great track record making acquisitions and operating in all kinds of business cycles. It is a great way to play the company.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$8.410
Owned
Yes
HOLD
HOLD
May 7, 2019
He likes this a lot, but it's misunderstood. Analysts don't value it like a transportation company--but it is. MTL is pulled down with energy service stocks. He's waiting for this to turn around before buying. If you own it, hold it.
He likes this a lot, but it's misunderstood. Analysts don't value it like a transportation company--but it is. MTL is pulled down with energy service stocks. He's waiting for this to turn around before buying. If you own it, hold it.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$9.800
Owned
No
PAST TOP PICK
PAST TOP PICK
February 25, 2019
(A Top Pick Nov 15/18, Down 4%) This was caught on the oil downwave, but it hasn't seen the pick-up in oil like, say, Suncor. A big trucking group in oil. It's trading at very depressed levels. Still likes it.
Mullen Group Ltd (MTL-T)
February 25, 2019
(A Top Pick Nov 15/18, Down 4%) This was caught on the oil downwave, but it hasn't seen the pick-up in oil like, say, Suncor. A big trucking group in oil. It's trading at very depressed levels. Still likes it.
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$12.450
Owned
Yes
TOP PICK
TOP PICK
November 15, 2018
An energy opportunity. It's more volatile because of its smaller market cap. It's been punished along with low oil prices. It's in the trucking business related to energy and is well-positioned. Take profits at $16-18. (Analysts’ price target is $16.90)
Mullen Group Ltd (MTL-T)
November 15, 2018
An energy opportunity. It's more volatile because of its smaller market cap. It's been punished along with low oil prices. It's in the trucking business related to energy and is well-positioned. Take profits at $16-18. (Analysts’ price target is $16.90)
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$13.070
Owned
No
HOLD
HOLD
September 22, 2016

It is a very well run company. Probably still a good time to buy it. The founder has a lot of skin in the game. Don’t step in now to anything that is tied to the energy sector.

Mullen Group Ltd (MTL-T)
September 22, 2016

It is a very well run company. Probably still a good time to buy it. The founder has a lot of skin in the game. Don’t step in now to anything that is tied to the energy sector.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$16.190
Owned
Unknown
BUY
BUY
June 12, 2014

This is in the right group. Service companies are doing particularly well. This is behaving better than about 70% of the stocks in the S&P over the last 12 months. You have tailwind from the sector and tailwind from the equity asset class itself. A very steady performer so he doesn’t see any major catalyst in the near-term, but it should perform in line with the group. A good, longer-term investment.

This is in the right group. Service companies are doing particularly well. This is behaving better than about 70% of the stocks in the S&P over the last 12 months. You have tailwind from the sector and tailwind from the equity asset class itself. A very steady performer so he doesn’t see any major catalyst in the near-term, but it should perform in line with the group. A good, longer-term investment.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$29.820
Owned
No
COMMENT
COMMENT
April 4, 2014

Doesn’t know it intimately, but knows that they do transportation and is an energy services company. Their competition has come down when a competitor sold their assets and moved out of the space.

Doesn’t know it intimately, but knows that they do transportation and is an energy services company. Their competition has come down when a competitor sold their assets and moved out of the space.

Genevieve Roch-Decter
Portfolio Manager, LDIC Inc.
Price
$28.190
Owned
No
COMMENT
COMMENT
December 10, 2013

They move stuff around, primarily oil and oil based products. Do well when oil prices go up and people drill a lot. Likes this space. Company is well managed compared to other stocks but is very product specific to just oil. She prefers Horizon North Logistics (HNL-T), which is a similar backdrop but with a wider scope with setting up camps for oil, natural gas, LNG products, potash mines and mining in general.

Mullen Group Ltd (MTL-T)
December 10, 2013

They move stuff around, primarily oil and oil based products. Do well when oil prices go up and people drill a lot. Likes this space. Company is well managed compared to other stocks but is very product specific to just oil. She prefers Horizon North Logistics (HNL-T), which is a similar backdrop but with a wider scope with setting up camps for oil, natural gas, LNG products, potash mines and mining in general.

Christine Hughes
President and Chief Investment Strategist, Otterwood Capital Management
Price
$27.900
Owned
No
HOLD
HOLD
July 26, 2013

(Market Call Minute.) A little bit worried about the levels of activity in the oil field for them. Just came in with earnings and they did well.

(Market Call Minute.) A little bit worried about the levels of activity in the oil field for them. Just came in with earnings and they did well.

Jeff Young
Co-CEO & CIO, NexGen Financial
Price
$23.720
Owned
Unknown
BUY
BUY
July 19, 2013

Provides a wide range of services to the oil/gas industry in Alberta, including trucking, well completions and all sorts of things. Likes the company. Dividend is fairly safe. Has been a good group to grow over time. Very diversified so if one sector of the company is not doing well, others are. Good quality company. 5.2% dividend.

Provides a wide range of services to the oil/gas industry in Alberta, including trucking, well completions and all sorts of things. Likes the company. Dividend is fairly safe. Has been a good group to grow over time. Very diversified so if one sector of the company is not doing well, others are. Good quality company. 5.2% dividend.

David Cockfield
Managing Director, Northland Wealth Management
Price
$23.350
Owned
Yes
BUY
BUY
February 4, 2013

Very well run trucking company in westerns company. A dividend growth story. Will be a very good growth and income stock going forward.

Mullen Group Ltd (MTL-T)
February 4, 2013

Very well run trucking company in westerns company. A dividend growth story. Will be a very good growth and income stock going forward.

Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$23.570
Owned
Yes
COMMENT
COMMENT
October 25, 2012

Oil services trucking business. Great managed company. Has pulled back because there are less rigs being pulled around and less oil service equipment being dragged around. If oil prices go back up and there is more demand for gas, this company will do okay.

Mullen Group Ltd (MTL-T)
October 25, 2012

Oil services trucking business. Great managed company. Has pulled back because there are less rigs being pulled around and less oil service equipment being dragged around. If oil prices go back up and there is more demand for gas, this company will do okay.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$21.190
Owned
No
PAST TOP PICK
PAST TOP PICK
September 15, 2011
(A Top Pick Sept 10/10. Up 53.37%.)
Mullen Group Ltd (MTL-T)
September 15, 2011
(A Top Pick Sept 10/10. Up 53.37%.)
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$21.250
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 9, 2010
(A Top Pick Jan 20/10. Down 1.8%.) Still likes.
Mullen Group Ltd (MTL-T)
December 9, 2010
(A Top Pick Jan 20/10. Down 1.8%.) Still likes.
Dean Orrico
President, Middlefield Capital Corp.
Price
$15.860
Owned
Yes
TOP PICK
TOP PICK
September 10, 2010
Trucking and logistics. Know primarily for being in the oil field services in western Canada but are doing a lot of infrastructure work. Their Canadian de-watering unit is helping in cleaning of oil sands tailing ponds. Looking for dividend increases in the near term.
Mullen Group Ltd (MTL-T)
September 10, 2010
Trucking and logistics. Know primarily for being in the oil field services in western Canada but are doing a lot of infrastructure work. Their Canadian de-watering unit is helping in cleaning of oil sands tailing ponds. Looking for dividend increases in the near term.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$14.190
Owned
Yes
BUY
BUY
June 17, 2010
Trucking and well completion services. Pre-eminent logistics player on oil sands. Expected them to make acquisitions by this time. Long-term, great company to own. 3.4% yield.
Trucking and well completion services. Pre-eminent logistics player on oil sands. Expected them to make acquisitions by this time. Long-term, great company to own. 3.4% yield.
Dean Orrico
President, Middlefield Capital Corp.
Price
$14.920
Owned
Yes
TOP PICK
TOP PICK
January 20, 2010
Dominant player in the oil field services in Alberta. A lot of oil sands infrastructure projects getting back on the rails is a plus for them.
Mullen Group Ltd (MTL-T)
January 20, 2010
Dominant player in the oil field services in Alberta. A lot of oil sands infrastructure projects getting back on the rails is a plus for them.
Dean Orrico
President, Middlefield Capital Corp.
Price
$16.610
Owned
Yes
BUY
BUY
December 22, 2009
Always been a fairly well run company. During boom times they were having trouble hanging on to employees. They are a good company and have already converted from an income trust to a corp., so you don’t have to worry about the effects of that.
Mullen Group Ltd (MTL-T)
December 22, 2009
Always been a fairly well run company. During boom times they were having trouble hanging on to employees. They are a good company and have already converted from an income trust to a corp., so you don’t have to worry about the effects of that.
Michael Sprung
President, Sprung Investment Management
Price
$16.100
Owned
Unknown
BUY
BUY
July 28, 2009
(Market Call Minute.) Oil service company. Small but well managed. Not a bad place to be right now.
(Market Call Minute.) Oil service company. Small but well managed. Not a bad place to be right now.
Michael Sprung
President, Sprung Investment Management
Price
$11.900
Owned
Unknown
HOLD
HOLD
February 27, 2009
(Market Call Minute.) Hold. There will be a better buying opportunity.
Mullen Group Ltd (MTL-T)
February 27, 2009
(Market Call Minute.) Hold. There will be a better buying opportunity.
Kevin Hall BComm, CFA
Managing Director, Guardian Capital
Price
$8.600
Owned
Unknown
HOLD
HOLD
February 24, 2009
Heavy-duty truckers that get the oilrigs into remote locations. One of the best operators in the oilfield services. While there is a downturn in services, he will ride this one through the down cycle.
Mullen Group Ltd (MTL-T)
February 24, 2009
Heavy-duty truckers that get the oilrigs into remote locations. One of the best operators in the oilfield services. While there is a downturn in services, he will ride this one through the down cycle.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$8.200
Owned
Yes
DON'T BUY
DON'T BUY
January 20, 2009
Expect that distributions will be cut. He likes this but if nervous about drilling activity in Western Canada you should defer.
Mullen Group Ltd (MTL-T)
January 20, 2009
Expect that distributions will be cut. He likes this but if nervous about drilling activity in Western Canada you should defer.
Peter Brieger
Chairman & Chief Executive Officer, GlobeInvestment Capital Management
Price
$11.190
Owned
No
BUY
BUY
January 16, 2009
Announced a conversion back to a corporation on May 1st. One of the best run trucking firms in North America. Pre-released some stats from Q4 indicating revenue and EBITDA are quite strong. Will be cutting distributions and using some of the funds to make acquisitions.
Mullen Group Ltd (MTL-T)
January 16, 2009
Announced a conversion back to a corporation on May 1st. One of the best run trucking firms in North America. Pre-released some stats from Q4 indicating revenue and EBITDA are quite strong. Will be cutting distributions and using some of the funds to make acquisitions.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$11.290
Owned
Yes
BUY
BUY
September 24, 2008
(Market Call Minute.) Oil service firm. Weaker here but is situated pretty well in terms of the shale.
Mullen Group Ltd (MTL-T)
September 24, 2008
(Market Call Minute.) Oil service firm. Weaker here but is situated pretty well in terms of the shale.
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$18.050
Owned
Yes
BUY
BUY
May 5, 2008
Largely concentrated in transportation out west. Their specialty is moving rigs in and out of the oil fields. Drilling environment is becoming pretty dynamic and this is a prime beneficiary.
Largely concentrated in transportation out west. Their specialty is moving rigs in and out of the oil fields. Drilling environment is becoming pretty dynamic and this is a prime beneficiary.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$20.430
Owned
Yes
BUY
BUY
April 28, 2008
Most of their revenue is from Alberta, trucking equipment around for the oil patch and the oil sands. Also owns some trucking in Ontario that has slowed a bit. 8.75% yield.
Most of their revenue is from Alberta, trucking equipment around for the oil patch and the oil sands. Also owns some trucking in Ontario that has slowed a bit. 8.75% yield.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$20.550
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 6, 2008
(A Top Pick Feb 8/07. Down 9% including distributions.) Yield is more than 11% but should be safe. Generates good growth in cash flows. Stock is off because the movement of drilling rigs is down. The rest of their business is doing well. Still a Buy.
Mullen Group Ltd (MTL-T)
February 6, 2008
(A Top Pick Feb 8/07. Down 9% including distributions.) Yield is more than 11% but should be safe. Generates good growth in cash flows. Stock is off because the movement of drilling rigs is down. The rest of their business is doing well. Still a Buy.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$16.270
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 29, 2008
(A Top Pick Nov 10/06. Down 10% including distributions.) Still likes. Generally avoids transportation, but this company does it well. Well positioned to take advantage of a huge and continued expenditure in Alberta, building out the oil sands assets and infrastructure. Thinks 12% distribution for 08 will remain intact.
Mullen Group Ltd (MTL-T)
January 29, 2008
(A Top Pick Nov 10/06. Down 10% including distributions.) Still likes. Generally avoids transportation, but this company does it well. Well positioned to take advantage of a huge and continued expenditure in Alberta, building out the oil sands assets and infrastructure. Thinks 12% distribution for 08 will remain intact.
Dean Orrico
President, Middlefield Capital Corp.
Price
$15.510
Owned
Yes
BUY
BUY
January 22, 2008
(Market Call Minute.) Very well run company. Lots of cash on the balance sheet. Debt is long-term.
Mullen Group Ltd (MTL-T)
January 22, 2008
(Market Call Minute.) Very well run company. Lots of cash on the balance sheet. Debt is long-term.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$14.450
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 27, 2007
(A Top Pick Feb */07. Down 13.3%.) Oil field services have been hit. Great management team. In the long run this will continue to pay benefits and he doesn’t see any risk of distributions being cut.
Mullen Group Ltd (MTL-T)
December 27, 2007
(A Top Pick Feb */07. Down 13.3%.) Oil field services have been hit. Great management team. In the long run this will continue to pay benefits and he doesn’t see any risk of distributions being cut.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$16.840
Owned
Yes
HOLD
HOLD
December 21, 2007
Got hit in October/07 with the government changes and then got hit with a pullback in the oil services side. We are probably at the worst part of the servicing cycle. A well-run company. 11% distribution, which is safe.
Mullen Group Ltd (MTL-T)
December 21, 2007
Got hit in October/07 with the government changes and then got hit with a pullback in the oil services side. We are probably at the worst part of the servicing cycle. A well-run company. 11% distribution, which is safe.
David Cockfield
Managing Director, Northland Wealth Management
Price
$16.470
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 28, 2007
(A Top Pick Dec 15/06. Down 16.7%.) Taking into account the dividend, it is probably down 5%. 11.3% yield. Oilfield services and trucking. Both sectors have been hit very hard. Virtually no debt. Still likes.
Mullen Group Ltd (MTL-T)
November 28, 2007
(A Top Pick Dec 15/06. Down 16.7%.) Taking into account the dividend, it is probably down 5%. 11.3% yield. Oilfield services and trucking. Both sectors have been hit very hard. Virtually no debt. Still likes.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$16.150
Owned
Yes
COMMENT
COMMENT
November 2, 2007
A 2 pronged company with oil field services and trucking outside of western Canada. The oil field is dominating the sentiment right now. Won’t be fixed in the winter of 2008. This company will be one of the survivors. Good track record.
Mullen Group Ltd (MTL-T)
November 2, 2007
A 2 pronged company with oil field services and trucking outside of western Canada. The oil field is dominating the sentiment right now. Won’t be fixed in the winter of 2008. This company will be one of the survivors. Good track record.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$17.830
Owned
Unknown
HOLD
HOLD
October 1, 2007
The family still has a fair amount of representation in the management. Has been extremely well run. Like a lot of the service companies in the oil patch, it is having trouble finding and retaining people to work for them. It has not been a great year for drilling.
Mullen Group Ltd (MTL-T)
October 1, 2007
The family still has a fair amount of representation in the management. Has been extremely well run. Like a lot of the service companies in the oil patch, it is having trouble finding and retaining people to work for them. It has not been a great year for drilling.
Michael Sprung
President, Sprung Investment Management
Price
$19.100
Owned
No
COMMENT
COMMENT
August 13, 2007
Their prime business is transportation, oil rigs, oilfield equipment, etc.. 2nd quarter was dreadful for oil/gas servicing industry, but they posted some pretty good numbers in a weak environment.
Mullen Group Ltd (MTL-T)
August 13, 2007
Their prime business is transportation, oil rigs, oilfield equipment, etc.. 2nd quarter was dreadful for oil/gas servicing industry, but they posted some pretty good numbers in a weak environment.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$18.800
Owned
Unknown
BUY
BUY
July 25, 2007
Oilfield services plus trucking. Feels the distribution is safe. Has a long history of exceeding its promises.
Oilfield services plus trucking. Feels the distribution is safe. Has a long history of exceeding its promises.
Leslie Lundquist
Lead Manager, Jones Heward Investment Counsel
Price
$20.690
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
July 23, 2007
Have had a problematic year, especially with drilling for shallow gas in the western basin having fallen off quite dramatically. One of the better operators within the oil patch. Would buy on any weakness.
Have had a problematic year, especially with drilling for shallow gas in the western basin having fallen off quite dramatically. One of the better operators within the oil patch. Would buy on any weakness.
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$21.000
Owned
Yes
DON'T BUY
DON'T BUY
July 13, 2007
60% of their business is oilfield services and 40% is in trucking. Oilfield services have softened because the government has made it harder for oil/gas complex capital so there is less activity. Oilfield services hasn't touched bottom yet and it is too early to get into it.
60% of their business is oilfield services and 40% is in trucking. Oilfield services have softened because the government has made it harder for oil/gas complex capital so there is less activity. Oilfield services hasn't touched bottom yet and it is too early to get into it.
Chris Rankin, MBA, CFA
Diversified Trust Analyst, Canaccord Capital
Price
$21.290
Owned
No
PAST TOP PICK
PAST TOP PICK
June 27, 2007
(A Top Pick Feb 8/07. Up 7%.) Feels he still may be a little bit early on this name. Very tied in to the oil/gas drilling cycle in the West.
(A Top Pick Feb 8/07. Up 7%.) Feels he still may be a little bit early on this name. Very tied in to the oil/gas drilling cycle in the West.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$20.540
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 11, 2007
Then 18.93 Really beat up because of negative views on oil patch. Excellent management team. The perfect type of market for them, because they are good at making acquisitions.
Then 18.93 Really beat up because of negative views on oil patch. Excellent management team. The perfect type of market for them, because they are good at making acquisitions.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$21.900
Owned
Yes
BUY
BUY
June 6, 2007
Higher prices in natural gas and oil prices will help this stock.
Higher prices in natural gas and oil prices will help this stock.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$22.790
Owned
Yes
BUY
BUY
May 28, 2007
Primarily provide trucking and transport services for the oil fields. A lot of the oil service stocks have not done well. Feels this one has been underestimated.
Primarily provide trucking and transport services for the oil fields. A lot of the oil service stocks have not done well. Feels this one has been underestimated.
Michael Sprung
President, Sprung Investment Management
Price
$22.560
Owned
No
PAST TOP PICK
PAST TOP PICK
May 25, 2007
(A Top Pick Feb 8/07. Up 13.5%.) Very strong oilfield service company. Still a Buy.
(A Top Pick Feb 8/07. Up 13.5%.) Very strong oilfield service company. Still a Buy.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$21.700
Owned
Yes
BUY
BUY
April 27, 2007
One of the biggest providers of truck services in the oil patch. Their biggest problem today is getting manpower. Spring is usually the period when things slow down. Well-managed.
One of the biggest providers of truck services in the oil patch. Their biggest problem today is getting manpower. Spring is usually the period when things slow down. Well-managed.
Michael Sprung
President, Sprung Investment Management
Price
$20.180
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
April 9, 2007
(A Past Top Pick Feb 8/07. Down 7.7%.) Knew the 1st quarter would be weak for an oil services company. Cash flows will continue very strong. Looking for very strong drilling next year.
(A Past Top Pick Feb 8/07. Down 7.7%.) Knew the 1st quarter would be weak for an oil services company. Cash flows will continue very strong. Looking for very strong drilling next year.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.