TSE:MTL
7.61
0.34
(4.68%)
Mullen Group Ltd
MTL-T
Analysis and Opinions about MTL-T
Signal
Opinion
Expert
TOP PICK
TOP PICK
December 31, 2019
Convertible bonds with a 5.75% coupon They own a great base of real estate. The debt issue is a small piece. The bond is well-covered. MTL.DV-T. You get a 6-year option on the stock within the bond, with a $14 convert price. If oil recovers, these bonds will convert into equity. Until then, collect then. It's stable. Term lasts to Sept. 2020.
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Convertible bonds with a 5.75% coupon They own a great base of real estate. The debt issue is a small piece. The bond is well-covered. MTL.DV-T. You get a 6-year option on the stock within the bond, with a $14 convert price. If oil recovers, these bonds will convert into equity. Until then, collect then. It's stable. Term lasts to Sept. 2020.
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.
Show full opinionHide full opinion(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.
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.
Show full opinionHide full opinionExcellent 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.
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.
Show full opinionHide full opinionMTL.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.
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.
Show full opinionHide full opinionHe 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.
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.
Show full opinionHide full opinion(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.
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)
Show full opinionHide full opinionAn 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)
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.
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.
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.
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.
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.
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.
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.
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.
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.
Very well run trucking company in westerns company. A dividend growth story. Will be a very good growth and income stock going forward.
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.
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.
PAST TOP PICK
PAST TOP PICK
(A Top Pick Sept 10/10. Up 53.37%.)
PAST TOP PICK
PAST TOP PICK
(A Top Pick Jan 20/10. Down 1.8%.) Still likes.
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.
Show full opinionHide full opinionTrucking 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.
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.
Show full opinionHide full opinionTrucking 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.
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.
Show full opinionHide full opinionDominant 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.
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.
Show full opinionHide full opinionAlways 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.
BUY
BUY
July 28, 2009
(Market Call Minute.) Oil service company. Small but well managed. Not a bad place to be right now.
Show full opinionHide full opinion(Market Call Minute.) Oil service company. Small but well managed. Not a bad place to be right now.
HOLD
HOLD
February 27, 2009
(Market Call Minute.) Hold. There will be a better buying opportunity.
Show full opinionHide full opinion(Market Call Minute.) Hold. There will be a better buying opportunity.
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.
Show full opinionHide full opinionHeavy-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.
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.
Show full opinionHide full opinionExpect that distributions will be cut. He likes this but if nervous about drilling activity in Western Canada you should defer.
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.
Show full opinionHide full opinionAnnounced 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.
BUY
BUY
September 24, 2008
(Market Call Minute.) Oil service firm. Weaker here but is situated pretty well in terms of the shale.
Show full opinionHide full opinion(Market Call Minute.) Oil service firm. Weaker here but is situated pretty well in terms of the shale.
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.
Show full opinionHide full opinionLargely 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.
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.
Show full opinionHide full opinionMost 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.
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.
Show full opinionHide full opinion(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.
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.
Show full opinionHide full opinion(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.
BUY
BUY
January 22, 2008
(Market Call Minute.) Very well run company. Lots of cash on the balance sheet. Debt is long-term.
Show full opinionHide full opinion(Market Call Minute.) Very well run company. Lots of cash on the balance sheet. Debt is long-term.
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.
Show full opinionHide full opinion(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.
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.
Show full opinionHide full opinionGot 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.
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.
Show full opinionHide full opinion(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.
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.
Show full opinionHide full opinionA 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.
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.
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