WesternOne Inc

WEQ-T

Analysis and Opinions about WEQ-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
July 3, 2015

(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.

(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.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$0.680
Owned
No
SELL
SELL
June 1, 2015

It is a highly leveraged company in oil services. He does not like what the company did with saying the dividend would not be cut and then cutting it. The sector does not look good. He does not see a reason to hold it.

It is a highly leveraged company in oil services. He does not like what the company did with saying the dividend would not be cut and then cutting it. The sector does not look good. He does not see a reason to hold it.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$1.070
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
April 15, 2015

(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.

WesternOne Inc (WEQ-T)
April 15, 2015

(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.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$1.170
Owned
No
DON'T BUY
DON'T BUY
April 6, 2015

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

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

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.130
Owned
No
DON'T BUY
DON'T BUY
December 22, 2014

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.

WesternOne Inc (WEQ-T)
December 22, 2014

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$3.030
Owned
Yes
HOLD
HOLD
December 16, 2014

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.

WesternOne Inc (WEQ-T)
December 16, 2014

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.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$2.670
Owned
Yes
TOP PICK
TOP PICK
August 13, 2014

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.

WesternOne Inc (WEQ-T)
August 13, 2014

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.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$7.830
Owned
Yes
BUY
BUY
June 19, 2014

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.

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.

Rob Stabile
Portfolio Manager, LDIC Inc
Price
$8.280
Owned
Yes
WEAK BUY
WEAK BUY
June 19, 2014

(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.

(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.

Jason Donville
President & CEO, Donville Kent Asset Management
Price
$8.280
Owned
Unknown
BUY
BUY
June 5, 2014

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.

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.

Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$8.100
Owned
Unknown
COMMENT
COMMENT
May 27, 2014

Just announced a new CEO. Chart showed a possible head and shoulders formation and then did a pretty nice break out. There is not a lot of volume on this. Looks pretty positive.

Just announced a new CEO. Chart showed a possible head and shoulders formation and then did a pretty nice break out. There is not a lot of volume on this. Looks pretty positive.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$8.040
Owned
No
COMMENT
COMMENT
May 6, 2014

Doesn’t think people are aware of the underlying business. Has had a tough 2 year period where it hasn’t gone very far. Great yield of 8% which continues to be sustainable. If you like the energy resurgence that is occurring, this is a name that you certainly want to be picking up here.

Doesn’t think people are aware of the underlying business. Has had a tough 2 year period where it hasn’t gone very far. Great yield of 8% which continues to be sustainable. If you like the energy resurgence that is occurring, this is a name that you certainly want to be picking up here.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$7.510
Owned
Yes
DON'T BUY
DON'T BUY
April 21, 2014

A former income trust and built on that model where they acquire smaller energy services, infrastructure types, and pay out most of the income in a distribution. Ran into some trouble with an acquisition they made in Australia and it hasn’t panned out very well for them. He is Short this because he has seen a downturn in their earnings momentum and there is some debt on the balance sheet. The dividend is not at risk right now, but he thinks it could be if there is more deterioration.

WesternOne Inc (WEQ-T)
April 21, 2014

A former income trust and built on that model where they acquire smaller energy services, infrastructure types, and pay out most of the income in a distribution. Ran into some trouble with an acquisition they made in Australia and it hasn’t panned out very well for them. He is Short this because he has seen a downturn in their earnings momentum and there is some debt on the balance sheet. The dividend is not at risk right now, but he thinks it could be if there is more deterioration.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$7.520
Owned
Yes
TOP PICK
TOP PICK
March 31, 2014

Oil field services and infrastructure. Every once in a while there is an opportunity to buy a great company name that is going through some difficulty. Has never missed a dividend payment. Their latest difficulty has been their Britco acquisition in Australia. Britco is a modular mobile housing for setting up permanent and transient housing. Also, had a lot of debt. Just rolled over one of their 8.5% convertible debts. Payout ratio is 60%. Yield of 8.45%. Really cheap name.

WesternOne Inc (WEQ-T)
March 31, 2014

Oil field services and infrastructure. Every once in a while there is an opportunity to buy a great company name that is going through some difficulty. Has never missed a dividend payment. Their latest difficulty has been their Britco acquisition in Australia. Britco is a modular mobile housing for setting up permanent and transient housing. Also, had a lot of debt. Just rolled over one of their 8.5% convertible debts. Payout ratio is 60%. Yield of 8.45%. Really cheap name.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$7.100
Owned
Yes
COMMENT
COMMENT
March 18, 2014

Doesn’t know this one really well but thinks the issue is the amount of money they make and their dividend (8.357%) are getting fairly closely matched. This always makes people nervous. Most people don’t want more than a 70% payout ratio, they want a cushion. If the dividend gets cut, the stock will go down 20%-30%.

WesternOne Inc (WEQ-T)
March 18, 2014

Doesn’t know this one really well but thinks the issue is the amount of money they make and their dividend (8.357%) are getting fairly closely matched. This always makes people nervous. Most people don’t want more than a 70% payout ratio, they want a cushion. If the dividend gets cut, the stock will go down 20%-30%.

Jason Donville
President & CEO, Donville Kent Asset Management
Price
$7.180
Owned
No
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