Franco-Nevada Corp., Alimentation Couche-Tard and More at 52-week Highs (Mar 25-31)

The biggest player in the gold royalty space. He put this in his parent's account. It has steady cash flow from gold, silver, copper and oil. As gold prices continue to grow, the increase in earnings will continue to be paid to investors. He would be a buyer here for 5-10% of your portfolio position.…

The ``prospect generator`` business model to him is the only part of the exploration sector that makes any mathematical sense. He is a very large shareholder of this company, and has an extremely high regard for management.

They discovered dramatic interest in 3D printing in education. These guys specialize in education.

He rarely talks about Gold. He thinks it is a strong sector bet. It is been out of favor for so long that mines have closed, productions have closed, mergers and acquisitions happened. Central Banks are now massive buyers of Gold. they want to get out of the US dollar. The Fed is not raising…

It is getting pounded by tax loss selling. They have very valuable IP and a good installed base. It is worth more than it is trading for and he is urging the board to unlock some of that value.

They bought Newfoundland Capital. It is a radio operator now. Debt is high but they keep increasing their dividend. People see them as background music in a retail environment. It is an okay stock and he would like it a lot better with a lot less debt.

A successful previous Top Pick. A big company with a 22% ROE and a $52 billion marketcap. Yield 0.55% (Analysts’ price target is $48.54)

Dividend safe? They did a convertible debenture that he participated in. This is an Edmonton based land bank company. A longer term play. What tends to happen is goes quietly along for a while then they sell off an asset, which causes a spike up. It does not have a large enough dividend to hold…

(A Top Pick April 25/16. Up 16.15%.) A small investment management firm. Historically they have done very well in investing in both public and private oil companies, and buying and selling assets. They delivered a special $2 dividend to shareholders in June. He is a little less bullish on this now. Trading at a slight…

The majority of it is Australian dollar bonds. You have to look at the outlook for rates as well as the Australian dollar. His view is neutral on the currency. He believes Australia will outperform Canada in terms of bonds.

Small cap shopping center operator in Ontario. Grocery-anchored is probably the safest place to invest in retail.

Is there any growth in the investment business? AGF's balance sheet is too big for what they earn. Potential write-offs must happen to bring that down. Asset management businesses are being killed. $10.84 is his target price--lots of upside and they can cover their dividend.

(A Top Pick Mar 29/19, Up 1%) News of their CEO leaving has hurt the stock recently. It does not expect any skeletons are in the closet. This aggregator of funeral homes and cemeteries will see slow and steady growth with a decent dividend.

Doesn’t follow it closely. He thinks we will see a massive increase in Kurdistan oil production. He normally stays in North America. He would put a 10-20% discount on it due to location.

It is astounding how good quality companies with good hedge books, like ERF, have fallen like all the other energy companies. They have about half of their production hedged for this year. They have 20% hedged at $57 and another 22% priced at $11 premium to spot prices. He sees meaningful upside once we pass…

They have done some good acquisitions and they have heavy oil exposure, but the liquidity is just too slight.

They have a very good hedge book -- 55% hedged at $59 WTI. When oil prices recover back to normal it will become one of the top takeout targets. Yield 0% (Analysts’ price target is $3.98)

(A Top Pick Oct 22/18, Down 88%) He sold at $3.22, taking a big loss. They have a lot of worries. They are looking to sell the company. They might just liquidate the company, but clean up could be very expensive. He does not like stock consolidations and used that as a trigger to get…

70% fracking and then they have coil tubing. They are pretty cheap. They are doing reasonably well. It is really, really cheap. The two biggest shareholders are funds so liquidity is an issue Buy on weakness; he would have a target of $5.

This had been on his Short List of about 10 companies. There is absolutely nothing wrong with it. He thinks you could get an 8%-10% rate of return. It just didn’t seem to have that key catalyst driver that could make it exciting. (See Top Picks.)

(A Top Pick Apr 26/19, Down 85%) He sold out when oil prices dropped to the mid-$30s. He will own it again and likes their hedge book, which is 48% hedged. They luckily refinanced their debt out to 2027 just before the COVID crisis took hold.

They reported results yesterday, which were pretty much in line with expectations. The corporate decline rate is 19%, which is manageable. He likes the management team. However, with a low beta to oil price recovery, he is looking elsewhere.

This is a never ever buy for him. They require $48 to keep production flat and pay the dividend. He prefers others.

Monitoring traps on oil and gas wells in Canada. It is a good company and could be an acquisition candidate. It is a cheap stock. It could benefit from the 'January-Effect'.

It is difficult to be bullish on the service sector. The rig count in Canada will be decimated he thinks. When you look at the opportunity set out there, he thinks there are better opportunities.

This has been quite erratic and trading in quite a wide range. He’s been seeing contraction in breadth in forest companies, so is a little cautious on this area. If he had to focus in one space, it would be on lumber which looks attractive. You can use a basket of them through the ETF…

(A Top Pick Dec 20/18, Down 14%) He sold at just around $13. The largest auto parts distributor in Canada. The company fired their CEO and announced a strategic review and nothing has happened since. They have done nothing to reorganize. He would not touch it.

They have an 8% year over year increase in sales. 10% earnings growth, free cash flow up 6%. Earnings estimates have been increased by 2% in the last couple of months. (Analysts’ price target is $143.72)

A small-cap. It's well-managed and have expanded into the U.S. from where they receive a lot of revenues. AG will perform in line with U.S. agriculture. Overall a good name.

Hold or buy a pipeline? He owns this one for his clients. They may decrease drilling, but when other companies reduce drilling they are forced to sell off royalty interests -- this is good for them. They are slow and steady. CN's pension plan owns this as well in a big way. It appears to…

In the construction space his favorite is WSP Global. SOX is similar and he thinks they may be a value trap as there is some concerns about the dividend, the strength of the balance sheet and their ties to the energy sector.

Well-run company. Always trades at a bit of a discount to the sector because of the nature of the business. Not a bad one to get into.

(A Top Pick Oct 03/18, Down 68%) A play on LNG, that is still possible. Modular work camps and homes. He still owns a bit of it and still deciding what to do. He is concerned about the growth in debt.

Forest products and home builders have done quite well over the last little bit. We are in the seasonal period for forest products and home building until the beginning of February. Charts looks positive. There is no resistance, the next level of resistance is around $20 or so. This is more of a momentum play…

Base metals are forming a bottom anyway. It is reasonable to assume SCP will do better than it has done in the recent past. He has only contemplated buying it.

Interesting. There are two classes of nickel: good and very good, the latter used in batteries for e-cars--high demand. TLO has a deposit in Minnesota that could be fruitful in the next three years.

He wishes he had bought this a while ago at 25-cents, because the stock has flown. Now, it's done so well that he can't buy it now.

A fantastic deposit in Newfoundland and then the iron price dropped so now he thinks it is dead money. He got out and lost money.

A cobalt producer, so if cobalt runs, this runs. They run into a debt crisis in the past, and then they diluted the share pool. Cobalt prices are bouncing all over the place, and their chart is volatile. Too much trouble for him.

A copper play in Arizona. They put acidic solution in the great to dissolve the copper then recover it. Upfront capital is low, so there's a potentially high return later. They have key permits in place to turn this project around. Their 2016 study implies a 40% return.

One of his favourite lower priced stocks. High grade underground deposit in California near Nevada. 1.4 million ounce resource that's 43101 compliant (very strict Canadian criteria). Also use a proprietary technology that changes their rock into decorative and exterior tile. Proceeds could exceed the economics of the gold project. Speculative.

They acquired adventure gold. They are re-drilling a depleted old mine and finding new zones. They reported a find this morning. It has lots of cash and not a lot of stock out. (Analysts’ target: $2.15).

The company has suspended its dividend. They operate diamond mines in South Africa. They are looking into underground, from open pit. The cost is more expensive than thought. The price of diamonds has been reduced, though retail prices won’t change.

Sees no change to the dividend theory. The 3 Irish business millionaires actually control the company and are holding it long-term for the dividends. The company has some costs going on disadvantaging it. The diamond sector itself has not produced really stellar performance. This is a “wait and see”.

Their project near the coast of Nunavut has run into issues with the metallurgy. The process they've used hasn't worked. Until they turn this around, the deposit is in trouble.

Their deposit in Peru looks very attractive. It's large and has good grade. There is a significant amount of oxide material. A lot of upside potential.

They haven't indicated a discovery in the St. James Bay area, though he likes the management and this part of the world for exploration.

Very thinly traded. Speculative. Has had 10 quarters of losses. FDA approval didn't move the stock.

This has done well. Originally, he had thought it was a concept stock, but they’ve proved their concept is working. He is not ready to invest yet.

They recently had a joint venture with Baker-Hughes (BHGE-N), where Baker Hughes is co-marketing one of their products. It would make sense for Baker Hughes to take over this company. Schlumberger (SLB-N) is the only company with a competing product. (Analysts’ price target is $9.50.)

A very well run company with a really interesting variety of nickel exposure in Norway and 1st rate exploration projects.

The outlook is still quite good. People who use their competing chronic cough treatment lose their sense of taste. They are applying now for their drug's use for other conditions.

They make life easier for large diagnostic test companies. It automates the testing process. They did a final financing. They've been working on this technology for 5 years.

From $40 to $240 Million in sales in three years. 45% of the meal kit market. They recently announced they're positioning against the grocery market. They are being very smart about this. They are leveraging their platform to add to the food basket. They trade at a big discount. They just announced a reusable box…

Every investor should own some gold and silver like 5%, and most own none. This is an easy way to do it. You don't have to own the physical bullion. Disclosure: he works for Sprott.

The biggest player in the gold royalty space. He put this in his parent's account. It has steady cash flow from gold, silver, copper and oil. As gold prices continue to grow, the increase in earnings will continue to be paid to investors. He would be a buyer here for 5-10% of your portfolio position.…

Stock vs. Stock. MNT-T vs. GLD-N. He is not sure if MNT is hedged in Canadian dollars. Either one is fine. MNT run by the Royal Canadian mint and GLD is backed by real gold.

He rarely talks about Gold. He thinks it is a strong sector bet. It is been out of favor for so long that mines have closed, productions have closed, mergers and acquisitions happened. Central Banks are now massive buyers of Gold. they want to get out of the US dollar. The Fed is not raising…