Polaris Infrastructure

PIF-T

Analysis and Opinions about PIF-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 28, 2019
(A Top Pick Aug 26/19, Down 13%) Green power generator. A great story. Added power projects last year. Stock is dirt cheap. Wildly undervalued, lots of upside. Yield is over 6%.
(A Top Pick Aug 26/19, Down 13%) Green power generator. A great story. Added power projects last year. Stock is dirt cheap. Wildly undervalued, lots of upside. Yield is over 6%.
Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$11.810
Owned
Yes
DON'T BUY
DON'T BUY
November 14, 2019
It is probably going to bounce off the old support. It had a pretty big haircut since the beginning of 2018. It looks like it will go back to $9.
It is probably going to bounce off the old support. It had a pretty big haircut since the beginning of 2018. It looks like it will go back to $9.
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$12.400
Owned
Unknown
TOP PICK
TOP PICK
August 26, 2019
They make geothermal energy in Latin America. It's one of the cheapest stocks in this sector with a double-digit free cash flow yield. Pays a 5.7% yield that will increase slightly next year. A takeover target too.
They make geothermal energy in Latin America. It's one of the cheapest stocks in this sector with a double-digit free cash flow yield. Pays a 5.7% yield that will increase slightly next year. A takeover target too.
Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$13.810
Owned
Yes
COMMENT
COMMENT
July 8, 2019
There was a civil unrest where they had they had their flagship asset. Some pension reforms for the country received pushback. So the stock tanked last year, even though they did everything right. The business is still quite sound but cheaper than Canadian utilities. This is for a risk on kind of investor so consult your advisor.
There was a civil unrest where they had they had their flagship asset. Some pension reforms for the country received pushback. So the stock tanked last year, even though they did everything right. The business is still quite sound but cheaper than Canadian utilities. This is for a risk on kind of investor so consult your advisor.
Varun Anand
Portfolio Manager, Starlight Capital
Price
$15.240
Owned
Unknown
HOLD
HOLD
June 10, 2019
They make power in Nicaragua from a Geothermal source. The political problems have hurt the stock. The business is fine, however. They are diversifying geographically and into other assets. He thinks it will do well.
They make power in Nicaragua from a Geothermal source. The political problems have hurt the stock. The business is fine, however. They are diversifying geographically and into other assets. He thinks it will do well.
Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$13.840
Owned
Yes
DON'T BUY
DON'T BUY
March 19, 2019
The chart uptrended, then dropped, so it has a rounded look, which is not healthy now. There's old support at $10, but the lows and highs are getting lower. He wouldn't buy it, maybe at $10.
The chart uptrended, then dropped, so it has a rounded look, which is not healthy now. There's old support at $10, but the lows and highs are getting lower. He wouldn't buy it, maybe at $10.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$10.900
Owned
No
DON'T BUY
DON'T BUY
December 12, 2018
It's too small for him. He prefers larger companies. It pays a big dividend over 8%. Definitely a riskier green utility. They own geothermal projects in Nicaragua. Geothermal is commendable with great potential, but PIF owns only a few projects. He needs to see more projects and diversification for him to buy. That high dividend means limiting their growth.
It's too small for him. He prefers larger companies. It pays a big dividend over 8%. Definitely a riskier green utility. They own geothermal projects in Nicaragua. Geothermal is commendable with great potential, but PIF owns only a few projects. He needs to see more projects and diversification for him to buy. That high dividend means limiting their growth.
Tim Nash
Founder, Good Investing
Price
$9.900
Owned
No
PAST TOP PICK
PAST TOP PICK
September 10, 2018

(A Top Pick Oct 27/17, Down 24%) They are operating superbly. They have gone through a transformation over the last few years. The big issue is the political risk because there is quite a bit of political unrest where they opreate. The asset is performing well but the stock went down because of political uncertainty. The stock trades at a huge discount.

(A Top Pick Oct 27/17, Down 24%) They are operating superbly. They have gone through a transformation over the last few years. The big issue is the political risk because there is quite a bit of political unrest where they opreate. The asset is performing well but the stock went down because of political uncertainty. The stock trades at a huge discount.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$12.070
Owned
Yes
DON'T BUY
DON'T BUY
September 7, 2018

Had done well, then problems in Nicaragua. A one-asset company. Don’t want to own. Well run, but market is telling you that the risks are higher, and the risks can wipe out your dividend in a hurry. Government could cancel their contract. Yield is north of 7%.

Had done well, then problems in Nicaragua. A one-asset company. Don’t want to own. Well run, but market is telling you that the risks are higher, and the risks can wipe out your dividend in a hurry. Government could cancel their contract. Yield is north of 7%.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$10.780
Owned
No
HOLD
HOLD
July 23, 2018

It has been a great turnaround story. They paid down a bunch of debt. It is a stable business. Everything is going well, but there has been some recent political turmoil and is creating an overhang on the company. It is hard to know how it is going to play out.

It has been a great turnaround story. They paid down a bunch of debt. It is a stable business. Everything is going well, but there has been some recent political turmoil and is creating an overhang on the company. It is hard to know how it is going to play out.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$12.170
Owned
Yes
BUY
BUY
July 20, 2018

Good time to buy? Geothermal play in Latin America, especially Nicaragua. Very much a growth play. Only one project up and running, but tremendous opportunity here. Canada already has renewable infrastructure. But a lot of countries don’t yet. Bit more of political risk, that’s why it’s a growth play and not a dividend play.

Good time to buy? Geothermal play in Latin America, especially Nicaragua. Very much a growth play. Only one project up and running, but tremendous opportunity here. Canada already has renewable infrastructure. But a lot of countries don’t yet. Bit more of political risk, that’s why it’s a growth play and not a dividend play.

Tim Nash
Founder, Good Investing
Price
$12.220
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 19, 2018

(A Top Pick May 29/2017, Down 17%) Own geothermal facility in Nicaragua. Steady cash flow, nice dividend. Had been performing well until recently, with civil unrest in Nicaragua, which they think will resolve, but this is one of the risks of investing in another jurisdiction. One positive is that this asset is a stable business and is pretty important to the country. Pullback could even be a buying opportunity.

(A Top Pick May 29/2017, Down 17%) Own geothermal facility in Nicaragua. Steady cash flow, nice dividend. Had been performing well until recently, with civil unrest in Nicaragua, which they think will resolve, but this is one of the risks of investing in another jurisdiction. One positive is that this asset is a stable business and is pretty important to the country. Pullback could even be a buying opportunity.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$13.030
Owned
Yes
TOP PICK
TOP PICK
March 29, 2018

Providing power in Central America. They are bringing down the price of power in Nicaragua. Management is doing an outstanding job. 17% cash flow yield so lots of upside here. Dividend Yield if 4.2% (Analysts’ price target is $26.00)

Providing power in Central America. They are bringing down the price of power in Nicaragua. Management is doing an outstanding job. 17% cash flow yield so lots of upside here. Dividend Yield if 4.2% (Analysts’ price target is $26.00)

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$20.000
Owned
Yes
WATCH
WATCH
March 26, 2018

his company has a large rock quarry in BC, he says, and their biggest customers are in California. If there is a big infrastructure bill put forward in the US and if cement will be sourced from Canada, this company would directly benefit.

his company has a large rock quarry in BC, he says, and their biggest customers are in California. If there is a big infrastructure bill put forward in the US and if cement will be sourced from Canada, this company would directly benefit.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$17.540
Owned
No
TOP PICK
TOP PICK
October 26, 2017

They have a current geothermal facility in Nicaragua. They pay a nice dividend and have a low payout ratio. They have a low PE. If they partially closed the valuation gap it would be $30 plus stock. (Analysts’ target: $25.00).

They have a current geothermal facility in Nicaragua. They pay a nice dividend and have a low payout ratio. They have a low PE. If they partially closed the valuation gap it would be $30 plus stock. (Analysts’ target: $25.00).

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$16.670
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 10, 2017

(Top Pick Apr 4/17, Up 17.84%) They reported a strong quarter. They had gone through a restructuring and now they are focusing on operating as expected. They are going to expand the current project and then move onto new ones.

(Top Pick Apr 4/17, Up 17.84%) They reported a strong quarter. They had gone through a restructuring and now they are focusing on operating as expected. They are going to expand the current project and then move onto new ones.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$16.660
Owned
Yes
COMMENT
COMMENT
May 30, 2017

Not a very liquid stock. This is a cash flow story. They operate from a plant in Nicaragua. Have increased their dividend quite regularly. Yields about 4%, which is paid in US$s. There are some growth opportunities. They are going to be drilling more wells, and are looking to put in a heat exchanger which would add a lot more output. Thinks there is room for upside and that the dividend will grow.

Not a very liquid stock. This is a cash flow story. They operate from a plant in Nicaragua. Have increased their dividend quite regularly. Yields about 4%, which is paid in US$s. There are some growth opportunities. They are going to be drilling more wells, and are looking to put in a heat exchanger which would add a lot more output. Thinks there is room for upside and that the dividend will grow.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$16.710
Owned
Yes
TOP PICK
TOP PICK
May 29, 2017

Their main asset is a geothermal energy facility in Nicaragua, a pretty stable political jurisdiction. Nicaragua relies significantly on renewable energy for power generation, in particular this company’s power facility. They have a long-term contract with the government, which generates very stable cash flow. Dividend yield of 4%. (Analysts’ price target is $25.)

Their main asset is a geothermal energy facility in Nicaragua, a pretty stable political jurisdiction. Nicaragua relies significantly on renewable energy for power generation, in particular this company’s power facility. They have a long-term contract with the government, which generates very stable cash flow. Dividend yield of 4%. (Analysts’ price target is $25.)

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$16.340
Owned
Yes
SELL
SELL
May 5, 2017

A geothermal play in Nicaragua. He saw a presentation in January where they finally got their utilization levels up to a reasonable level, which isn’t that far from a point where equity investors are wiped out. They are now at a point where they could start generating cash flow. Instead of milking this as a cash cow, they are going to spend some more money, and he shook his head in disbelief. He would run for the hills from this stock.

A geothermal play in Nicaragua. He saw a presentation in January where they finally got their utilization levels up to a reasonable level, which isn’t that far from a point where equity investors are wiped out. They are now at a point where they could start generating cash flow. Instead of milking this as a cash cow, they are going to spend some more money, and he shook his head in disbelief. He would run for the hills from this stock.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$15.220
Owned
No
COMMENT
COMMENT
April 19, 2017

Geothermal energy. They punch holes in the ground down to hot water and steam, and send it up through a power plant. Producing about 70 MW of power, which is supposed to grow over time. This is a cash flow investment. Once they set up the facilities, they should run and generate cash. It will be a dividend play over time. Based in Nicaragua, which apparently has pretty good laws. Probably not a huge growth stock.

Geothermal energy. They punch holes in the ground down to hot water and steam, and send it up through a power plant. Producing about 70 MW of power, which is supposed to grow over time. This is a cash flow investment. Once they set up the facilities, they should run and generate cash. It will be a dividend play over time. Based in Nicaragua, which apparently has pretty good laws. Probably not a huge growth stock.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$14.300
Owned
Yes
TOP PICK
TOP PICK
April 4, 2017

A geothermal energy player in Nicaragua. New management and new capital came in, in 2015 and turned it into becoming a very efficient operation. They’ve continued to capitalize upon growth opportunities going forward. Some drilling plans they have are going to continue to grow their cash flow. Dividend yield of 4.41%. (Analysts’ price target is $23.)

A geothermal energy player in Nicaragua. New management and new capital came in, in 2015 and turned it into becoming a very efficient operation. They’ve continued to capitalize upon growth opportunities going forward. Some drilling plans they have are going to continue to grow their cash flow. Dividend yield of 4.41%. (Analysts’ price target is $23.)

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$14.400
Owned
No
TOP PICK
TOP PICK
February 16, 2017

Geothermal energy in Nicaragua. They have a fantastic PPA with the grid operator there. They pay a dividend and have raised it twice in the last few months. They pay in US$. There is upside in the form of higher production. There is a chance you might get a bid from a bigger operator. (Analysts’ Target: $22.33).

Geothermal energy in Nicaragua. They have a fantastic PPA with the grid operator there. They pay a dividend and have raised it twice in the last few months. They pay in US$. There is upside in the form of higher production. There is a chance you might get a bid from a bigger operator. (Analysts’ Target: $22.33).

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$15.920
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 2, 2016

(A Top Pick Oct 8/15. Up 47.87%.) Operates a geothermal plant in Nicaragua. They basically punch holes in the ground, draw steam up, and it turns turbines. This also has a US$ dividend. He still likes this and thinks it still has upside. Payout ratio is 50%.

(A Top Pick Oct 8/15. Up 47.87%.) Operates a geothermal plant in Nicaragua. They basically punch holes in the ground, draw steam up, and it turns turbines. This also has a US$ dividend. He still likes this and thinks it still has upside. Payout ratio is 50%.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$14.600
Owned
Yes
SPECULATIVE BUY
SPECULATIVE BUY
October 3, 2016

It is a little junior for him. They are in geothermal in Nicaragua. It is a one plant operation in a third world country. It is risky. It ticks all the right boxes, however.

It is a little junior for him. They are in geothermal in Nicaragua. It is a one plant operation in a third world country. It is risky. It ticks all the right boxes, however.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$17.700
Owned
No
BUY
BUY
September 12, 2016

The company has doubled in the last 6 months. They are a geothermal company that sells electricity to governments. It seems like a decent company.

The company has doubled in the last 6 months. They are a geothermal company that sells electricity to governments. It seems like a decent company.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$15.750
Owned
Unknown
COMMENT
COMMENT
September 9, 2016

Thinks that the run on this can continue. They have enough things in the works to increase their dividend which is paid in US$. They have drilled some holes which looks pretty promising. They have equipment that they can add on to the plant which adds a lot of megawatts. For every megawatt they add, they add about $1 million US of cash flow. Definitely thinks the dividend is heading higher, and he could see the stock reaching $20 in the next year or so.

Thinks that the run on this can continue. They have enough things in the works to increase their dividend which is paid in US$. They have drilled some holes which looks pretty promising. They have equipment that they can add on to the plant which adds a lot of megawatts. For every megawatt they add, they add about $1 million US of cash flow. Definitely thinks the dividend is heading higher, and he could see the stock reaching $20 in the next year or so.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$15.700
Owned
Unknown
BUY
BUY
March 9, 2016

An energy producer. Has a geothermal plant in Nicaragua. They have cash flow and initiated a dividend this year. Dirt cheap. He really likes this and has been buying a lot of it. Trading at a massive discount to its BV. Have some good upside. Some of their drilling programs could bring in significant more cash flow.

An energy producer. Has a geothermal plant in Nicaragua. They have cash flow and initiated a dividend this year. Dirt cheap. He really likes this and has been buying a lot of it. Trading at a massive discount to its BV. Have some good upside. Some of their drilling programs could bring in significant more cash flow.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$7.350
Owned
Yes
TOP PICK
TOP PICK
October 8, 2015

A turnaround story that was recently recapitalized to reduce their debt. They have a geothermal plant in Nicaragua. It is only operating at 2/3rds capacity. It is cranking out lot of free cash flow. They have a much bigger reservoir that they have been studying. The world bank is happy to fund them. There may be some M & A. There is a dividend.

A turnaround story that was recently recapitalized to reduce their debt. They have a geothermal plant in Nicaragua. It is only operating at 2/3rds capacity. It is cranking out lot of free cash flow. They have a much bigger reservoir that they have been studying. The world bank is happy to fund them. There may be some M & A. There is a dividend.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$10.600
Owned
Yes
BUY
BUY
May 7, 2013

Thinks it will go higher from here but not see its all time highs any time soon. Operations have turned around and financial risk is out of the stock.

Thinks it will go higher from here but not see its all time highs any time soon. Operations have turned around and financial risk is out of the stock.

Rick Rule
Pres. & CEO, Sprott USA
Price
$0.190
Owned
Unknown
WAIT
WAIT
April 15, 2013

Converted to dividend paying company late last year so market was focusing on looking at last quarter results and could they sustain the dividend. The results showed increase debt, which surprised market. Strategic review today did not tell market much so that is why it is down.

Converted to dividend paying company late last year so market was focusing on looking at last quarter results and could they sustain the dividend. The results showed increase debt, which surprised market. Strategic review today did not tell market much so that is why it is down.

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$0.175
Owned
Unknown
COMMENT
COMMENT
March 5, 2013

Thinks they are out of the woods operationally. Brought their phase 2 power plant online and are about to refinance the bridge and mezzanine (?) debt, which lowers their interest charge.

Thinks they are out of the woods operationally. Brought their phase 2 power plant online and are about to refinance the bridge and mezzanine (?) debt, which lowers their interest charge.

Rick Rule
Pres. & CEO, Sprott USA
Price
$0.250
Owned
Yes
COMMENT
COMMENT
March 6, 2012
Geothermal. Has been a particularly painful speculation for him. They have had some management issues. Brought its phase 1 plant on time and on budget. Suspects if they get through this calendar year, on time and on budget with phase 2, that they will be taken out next year.
Geothermal. Has been a particularly painful speculation for him. They have had some management issues. Brought its phase 1 plant on time and on budget. Suspects if they get through this calendar year, on time and on budget with phase 2, that they will be taken out next year.
Rick Rule
Pres. & CEO, Sprott USA
Price
$0.300
Owned
Yes
DON'T BUY
DON'T BUY
July 4, 2011
To put it into perspective, the stock was $2 and change and is now less than $0.50. Doesn't see any good news in this. There is a lot of selling indicating people are trying to get out of it fast. Volume has dropped off. It is very sporadic right now. Any contracts that have been announced are not having any major impact.
To put it into perspective, the stock was $2 and change and is now less than $0.50. Doesn't see any good news in this. There is a lot of selling indicating people are trying to get out of it fast. Volume has dropped off. It is very sporadic right now. Any contracts that have been announced are not having any major impact.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$0.480
Owned
Unknown
SELL
SELL
April 26, 2011
Doesn’t know if they will get the approvals they need. By September you are into tax loss selling, so move on now.
Doesn’t know if they will get the approvals they need. By September you are into tax loss selling, so move on now.
Jason Donville
President & CEO, Donville Kent Asset Management
Price
$0.890
Owned
Unknown
TOP PICK
TOP PICK
March 10, 2010
Likes the US geothermal space. They get very generous subsidies. Focus is not to find geothermal but to finance, build and operate geothermal plants. This company has the best range of experience in this space. $150 million cash.
Likes the US geothermal space. They get very generous subsidies. Focus is not to find geothermal but to finance, build and operate geothermal plants. This company has the best range of experience in this space. $150 million cash.
Rick Rule
Pres. & CEO, Sprott USA
Price
$3.040
Owned
Yes
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