Dream Office REIT, Ivanhoe Mines and More at 52-week Highs & Lows (Jan 19-25)
Suncor Energy, Whitecap Resources and More at 52-week Highs & Lows (Archive From Jan 05-11)
Markets have rallied following comments from the Fed Chair easing some investors’ fears. He signalled he would not overly correct inflation and upset the overall economy. Tech saw gains following the comments.
This week, all major Canadian banks are trading at 52-week highs. Energy has also seen a rebound with Suncor Energy Inc (SU-T), Canadian Natural Rsrcs (CNQ-T) and Whitecap Resources (WCP-T) among the names trading at 52-week highs.
Here’s this week’s 52-week high and low stocks on Stockchase:
52-Week High TSX Stocks
Here’s this week’s 52-week high stocks on Stockchase…
Both are good banks and look fine. The dividend will probably increase. As with other banks they are good for buying in the short and mid term but there will be competition in the long term. He owns TD but BMO.
Bank of Nova Scotia (BNS-T) TSE
Canadian Banks are solid and are holding above the moving average. BNS and other banks are good for the short and mid term. Some concern for the long term with Fintechs coming in and nibbling around the edges of the banks.
Canadian Imperial Bank of Commerce (CM-T) TSE
(A Top Pick Dec 29/20, Up 40%) Company didn't take write down set aside for pandemic. Room for divided growth and potential for share buybacks. Valuation cheaper than other Canadian big banks. Very resilient and should be part of most portfolio.
Dream Office REIT (D.UN-T) TSE
(A Top Pick Feb 18/21, Up 29.9%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with D.UN is progressing well and has achieved our $25 objective. To remain disciplined, we recommend covering half the position and trailing up the stop (from $16.00) to $$22.50.
Dividend 15 Split Corp. (DFN-T) TSE
It is a split share financial corp. It has a big distribution. There was volatility in three periods from 2011. You have to be mindful of the volatility. There is some leverage involved and downside risk in times of market volatility. He would avoid this at the moment.
DREAM Unlimited Corp (DRM-T) TSE
Blackstone took over Dream Global, and DRM got a large cheque out of it in their holdings and asset management contract. They've since done a large issuer bid that that the biggest shareholder, the CEO, tendered into below NAV. So, the NAV has grown. DRM will benefit from lower interest rates. (Analysts’ price target is…
Financial 15 Split Corp. II (FFN-T) TSE
H&R Real Estate Inv Trust (HR.UN-T) TSE
(A Top Pick Jun 29/21, Down 22.3%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with HR.UN has triggered its stop at $12.50. To remain disciplined, we recommend covering the position at this time.
Life & Banc Split Corp. (LBS-T) TSE
LBS vs. FTN An interesting structure, but they have their own at his shop. One is a play on ENB. Very optimistic about the potential for ENB to continue raising its dividend. He also has a real estate split with a mix of long-term value REITs and industrial exposure to access the e-commerce trend.
Onex Corp (ONEX-T) TSE
Exposed to many of the same secular forces as BAM, but with smaller scale. Succession worries are overblown. Likely to outperform the TSX. Past stumbles have been fixed. Back on track, but prefers BAM.
Park Lawn Corp (PLC-T) TSE
A funeral home an cemetery company they have owned for a long time. It is being added to the TSX index. Good tail winds and demographics to support it. Management is strong. The only way to invest in this space in Canada. Own it for the long run.
Royal Bank (RY-T) TSE
If inflation and rising interest rates leads to a steeper environment, then yes, it will be positive. If Feds make a policy mistake and the yield curve flattens, it will be negative. The steeper the yield curve, the more profitable it is for banks. In the back half of next year, there is a risk…
Brompton Split Banc Corp. (SBC-T) TSE
He prefers to own the individual banks. If you are in it for diversification, there is no issue with that. He likes the sector.
Toronto Dominion (TD-T) TSE
Both are good banks and look fine. The dividend will probably increase. As with other banks they are good for buying in the short and mid term but there will be competition in the long term. He owns TD but BMO.
Dividend 15 Split Corp. II (DF-T) TSE
Dividend 15 Split Corp. (DFN-T) or Dividend 15 Split Corp. II (DF-T)? Both are Split shares. The preferred share is the low risk preferred share dividend. He wouldn’t buy both, because you are looking for either growth or income. He would use one or the other and build that in your portfolio.
Fairfax Financial (FFH-T) TSE
Prem Watsa engages in market timing, unlike Warren Buffett. Fairfax is a black box as to what it owns. Challenging business. Stuck in the mud for a while. If you want too look at good capital allocators in the P&C business, look at BRK.B, which he owns.
Industrial-Alliance Life Ins (IAG-T) TSE
(A Top Pick Nov 13/20, Up 33%) Has started buying back shares and paying dividends. Financials should do well as the yield curve steepens. Valuation is not as compelling as before. Middle of the pack. Has moved to US banks and non-financial banks in Canada.
Slate Grocery REIT (SGR.UN-T) TSE
Assets in US, trades on TSX. Shopping centres benefit when anchor tenant is a grocery. Good job growing portfolio. Balance sheet is fine, distribution is safe. Safe and stable hold as it takes time to digest recent acquisition.
Tricon Capital Group (TCN-T) TSE
Single- and multi-family homes in Canada and US. Millennial bubble entering the housing market. Organic growth and acquisitions. Stock's performed really well. Should continue to execute. Yield is 1.56%. (Analysts’ price target is $20.40)
ECN Capital (ECN-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They announced a special dividend of $7.50. The stock should have moved more on this news. Shares can be bought for the dividend here. Unlock Premium - Try 5i Free
Financial 15 Split Corp (FTN-T) TSE
FTN vs. LBS An interesting structure, but they have their own at his shop. One is a play on ENB. Very optimistic about the potential for ENB to continue raising its dividend. He also has a real estate split with a mix of long-term value REITs and industrial exposure to access the e-commerce trend.
Canadian Life Companies Split Corp. (LFE-T) TSE
This is a seasonal period when Lifecos in general tend to do well. This is a special vehicle where they buy a lifeco, split it up and give the capital appreciation to one half, and the dividend to the other half. Dividend yield of 19% is extremely high, and he is having trouble with that.…
(A Top Pick Nov 13/20, Up 54%) Pleased with the return on it. Scores middle of the pack. No longer as cheap as when they bought it.
Dorel Industries (DII.B-T) TSE
Supremex Inc (SXP-T) TSE
Ranks in the middle of the pack for him. Technically it hasn’t been super strong. Part of that is probably due to some concern over whether or not it will sell off because of the Canada Post strike. He wouldn’t be surprised if they had weaker earnings when they report. Overall the business continues to…
Resolute Forest Products (RFP-T) TSE
It has not done anything special except to be in the right place at the right time. There was a huge demand pick up for lumber. Lumber has a strong seasonal period. Lumber companies and home builders tend to under-perform starting now. Given the run in this one he would put a trailing stop on…
A very good quality company with excellent management, Consider the commodity sector a trade rather than an investment. Own for the cycle or 5 year horizon. Still some time left in the sector.
Crescent Point Energy Corp (CPG-T) TSE
She owns no energy producers. CPG has benefited the past year from rising oil prices. But over five years, you're down double digits. This year, it'll depend on oil prices. If you think oil prices will go a lot higher, so will CPG, but she can't forecast oil. Though, she doesn't see a huge rise.
Cenovus Energy (CVE-T) TSE
Paying down debt, because otherwise it makes it hard to get financing. Sold off part of assets, a smart move. Likes what they're doing. If oil stays around $75, they will benefit over time. They're being cautious. They've agreed to buy back shares, but this can change.
Enerplus Corp (ERF-T) TSE
A potential double from here. Trading at 2.6x cash flow. Free cashflow is 23%. Buying back shares due to distressed value. Has 10 years of inventory. Balance sheet is good. Could privatize themselves in 4 years. 99% upside potential. (Analysts’ price target is $16.24)
Headwater Exploration Inc. (HWX-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The most recent quarterly results were good. Management is reinvesting back into the company. Higher free cash flow is expected for next year. Good for sector exposure. The balance sheet is very strong currently. Unlock Premium - Try 5i Free
Imperial Oil (IMO-T) TSE
Long-term player in the space. Doesn't see XOM buying the rest of IMO. Security of supply is still important. The industry is continuing to improve in terms of environmental impact. He owns CNQ instead, one of the best run with great free cashflow.
InPlay Oil Corp (IPO-T) TSE
Have been increasing production aggressively. They just acquired a company to add to their production. This acquisition should help them move from small cap to mid cap. It has had a nice move up from there. Looks attractive. Waiting for a pull-back.
Journey Energy (JOY-T) TSE
They brought in a partner this summer to help develop the East Duvernay. They still have too much debt. She is watching it but not recommending it. Not everything is cheap in this sector, still have to selective.
MEG Energy Corp (MEG-T) TSE
(A Top Pick Nov 20/21, Up 217%) You get leverage to a rising oil price since it is unhedged. Has differential exposure to WCS differentials. At $80 oil, they will reach their next hurdle for cashflow. Upwards of 20% of shares being retired every year. Could privatize themselves in a couple years with cashflow. Target…
Obsidian Energy (OBE-T) TSE
Did a buyout that diluted their stock materially. There is pure inventory but with Clearwater optionality. Need a new Board, new CEO and not a name he would own now.
Pason Systems Inc. (PSI-T) TSE
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'.
Questerre Energy (QEC-T) TSE
Has been an unfortunate story. Was a leading player in shale gas in Quebec a number of years. The government came out against it. Has some western Canadian production that has cash flow. Balance sheet is relatively clean. Started talking about carbon capture and storage. There is some insider buying recently.
Suncor Energy Inc (SU-T) TSE
Still cheap compared to the group. Balance sheet in great shape. 20% cashflow per share growth, compared to peers at 6%. Decent production growth. Nice dividend, compelling payout ratio. So much depends on the commodity price, and oil is not the future. Oil prices are pretty firm where they are. Lots of room to go.
Total Energy Services Inc (TOT-T) TSE
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.
Tamarack Valley Energy (TVE-T) TSE
(A Top Pick Dec 08/20, Up 288%) Likes management. Relatively low decline rates. Nice acquisitions. Sector recovery has provided a tailwind.
Vermilion Energy Inc (VET-T) TSE
Big run because of rise in European nat gas prices, and this price action may be less sustainable. Well run.
Whitecap Resources (WCP-T) TSE
Sees growth here. Likes it. Doesn't own, but he would. Raising dividend, free cashflow, finding opportunities for growth. In the Top 10 in oil and gas.
They have owned this in the past. It went no where for decades. The maple syrup side, which they entered about six years has been a disappointment and has been volatile. A safe and boring company. Not a lot of downside. You can milk it for the dividend, but there is not much upside.
Pizza Pizza Royalty (PZA-T) TSE
Allan Tong’s Discover Picks Pizza chains are not the same, and we’re not talking taste. Pizza Pizza suffers from being a Canadian chain where reopenings will take longer to roll-out than in America. Though PZA trades at only 13.65x earnings and pays a 6.29% dividend, it’s also missed two of its last four quarters and…
🛢 Basic Materials
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The sector has a bit of legs, although interest rates should be kept in mind. It will also be affected by how China’s economy plays out. The fear of inflation and not much action in other sectors, it could be a good sector. Good for…
Aurion Resources (AU-X) TSXV
It's an exploration play, and they've found high-grade gold in Finland. Keep in mind that other companies are also exploring, so you should own 4-5 out of 40 of these companies. Exploration is the riskiest (and most fun) part of this sector. AU's drill results so far have shown some great grades. He still likes…
Constantine Metal Resources (CEM-X) TSXV
Have one really high grade, base metal deposit in Ontario where they are drilling off a mass of sulfide in Alaska. Interesting deposit in that it’s good grade and the guy behind it is a very good geologist. Looks like a decent deposit.
Star Diamond Corporation (DIAM-T) TSE
They have option agreements with major partner Rio Tinto, but these have been under dispute for the past year. It's worth tens of millions of dollars. The stock has fallen because of this battle; investors have lost patience. He owned this before the legal battle and didn't want to wait for it to be sorted…
Ivanhoe Mines (IVN-T) TSE
It's too pricey and the stock will struggle to hold amazing summer gains. Buy at $8-9. It's a decent company, though. Too much optimism in this name now. The easy money has been made in copper.
52-Week Low TSX Stocks
Here’s this week’s 52-week lows stocks on Stockchase…
COVID-19 heart issues? The company makes a synthetic CBD. Their original work saw CBD helped to reduce inflammation of the heart. It is expected they will start to re-purpose their product for COVID patients. This would help accelerate testing by about 2 years. This could lead to product being sold in Canada very quickly. A…
Oncolytics Biotech (ONC-T) TSE
The technicals do not look good at all – with a decline lasting over the past two months. He would not touch this one at all. A 50 day moving average would be a buy signal if it can trade back above it.
Fire & Flower Holdings (FAF-T) TSE
Chain of cannabis dispensaries, solely in Canada. Deep pockets, due to investment from ATD, which taps into smart management but caps potential. You want to own the integrated operators that go from seed to store. He owns CURLF instead.
AEterna Zentaris Inc. (AEZS-T) TSE
Rather bad couple of days. Was down substantially, outside of a range. Consolidated. It broke down and is more likely to go down. $1.50 on the downside.
Titan Medical Inc. (TMD-T) TSE
Medical robotics? He does not know TMD-T well. He plays the space through and ETF of BOTZ-Q. He prefers ISRG-Q, if you wanted an individual holding.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Certainly lower risk now at these prices. However, would wait for better news and improvements on fundamentals. Hard to call the bottom and sentiment could continue to be negative. Trading at 1.7x sales, which is below pandemic pows. Would wait for more positive momentum. Unlock Premium - Try…
Aurora Cannabis (ACB-T) TSE
It's been a wild ride. The valuation across all the names are still quite high. With what we are seeing with legislation in the US, he would still tend to look at these. Stick with it.
Ballard Power Systems (BLDP-T) TSE
You get run ups and then disappointment. Probably investable but he is not sure if it will be a player in the future. This was the same case 20 years ago. It sounded imminent 20 years ago and this has not yet panned out.
Cargojet Inc (CJT-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There is no news and no material reasons for the downward pressure in the past few weeks. Growth stocks are shifting and the decline is probably largely market-related. Would be very attractive near $155. Unlock Premium - Try 5i Free
Cronos Group Inc (CRON-T) TSE
Charlotte’s Web (CWEB-T) TSE
Wellness drives CBD demand and there's more competition entering this space. The CBD market continues to expand into drinks and food. He used to own this, but sees better opportunities. But CWEB is one of the U.S. leaders in this crowded space, so it's okay. You want to be in this space.
Hexo Corp (HEXO-T) TSE
Has diversified into other areas than straight flower production. Focusing on the US for cannabis. HEXO will survive in Canada. Has not seen much this year. There will be an acceleration soon. Has a dominant position in Quebec. Would look at buying into it.
The Valens Company (VLNS-T) TSE
They are reporting great earnings, but it is trading along with the sector (down). He owns this and it has been a Top Pick in the past. He continues to like it as they are developing new products like edibles that are putting them in the forefront of the cannabis space. They also have a…
Canopy Growth Corp. (WEED-T) TSE
A millionaire stock? Vivid imagination. Hasn't made a penny to date. Balance sheet is sloping down, as it's consuming equity. Every time it takes a run, many people run for the exits. Pure speculation, a gamble, fluctuates wildly. Doesn't see the earnings or explosive growth in the Canadian market.
In Canada and France. Stock's come off, but one of the best growth profiles of the independent power producers. Expanding into the US. Not the biggest player, mid-market, can carve out a niche to capture growth and projects. Undemanding valuation. Yield is 1.80%. (Analysts’ price target is $47.75)
Northland Power Inc (NPI-T) TSE
The whole sector hasn't done well in the past year. But this current pullback is an opportunity. NPI is a leader in offshore wind energy. She owns other names in green energy. This is a decent investment, though.
Innergex Renewable Energy (INE-T) TSE
It is a new addition for him on the renewable side. He took advantage of the Texas ice storm a couple of years ago. He likes the valuation.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their latest earnings showed revenues growth of 9.9% year over year. The results were better than expected, though the company is still not profitable. They should be profitable in 2022. Guidance was raised. Very little debt and if sales momentum continues, it can do well. Unlock…
Enthusiast Gaming Holdings Inc. (EGLX-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Although the company has missed estimates in recent quarters, they added more recently. The balance sheet is strong and sales are growing. Insiders own 18%. Unlock Premium - Try 5i Free
Lightspeed Commerce Inc (LSPD-T) TSE
It grows by acquisition globally to expand. High-growth companies have been hit by rising interest rates. She's not interested. There's a lot of future growth baked into this stock. A short report also hurt shares.
WELL Health Technologies (WELL-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock price should not go below $3. 5i did not expect shares to go this low. Investors are not reacting to fundamentals recently. Nothing has changed for the company. More acquisitions should happen. Management is following their 5 year plan and doing a good…
Gatekeeper Systems Inc (GSI-X) TSXV
Has a product installed in school buses. One of them is camera systems, security systems, as well as safety features for buses. Has an agreement with the TTC for safety.
Skylight Health Group Inc. (SHG-X) TSXV
They operate a multi-state U.S. health network. They're building out brick and mortrar with telehealth and speciality services there. Customers typically go in for services, but insurance companies are looking at a membership model so customers pay a fee and get access to a full suite of products. SHG is growing by acquisition and organically.…
BBTV Holdings (BBTV-T) TSE
Help influencers with video adoption online, getting more viewers and more revenue. NBA is a client. Growing topline about 60% per year. Equate it to what could happen to LSPD. Based on peer group, could trade in the $47-50 range. No dividend. (Analysts’ price target is $20.17)
Real Matters Inc. (REAL-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Likes the valuation but there needs to be some execution and growth must resume. Investors love to hate the stock so positive news tends to move the stock more. Ok to own a small weighting. Unlock Premium - Try 5i Free
Martello Technologies Group (MTLO-X) TSXV
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenue grew 57% YOY despite soft results in Q4 2021 relative to expectations. A strong second half of 2022 financial year is expected. Holds $8.5M in cash. In talks with Microsoft for a deal. Continues to trade at relatively low valuation. Results were not spectacular…
Enghouse Systems (ENGH-T) TSE
Valuation makes it cheapest it has been in a long time. Company trying to make acquisitions, but prices high in industry (telecommunications). Earnings are flat. For the time being, happy owning the company.
🛢 Basic Materials
Dundee vs Excellon? DPM-T was a previous Top Pick and he would look to add to a position. It is one of the highest free cash flow generators in the gold producing space. Production continues to grow and costs are better than their peers. He would continue to hold it. Silver does have some upside…
Liberty Gold (LGD-T) TSE
Likes management. Note that there is nothing immediately happening. It’s not something to chase, but just accumulate over the summer. Turkey is not bad at all, it is a democratic system. Their mining code is working. He thinks they have permitted 10 mines in 10 years. This company is technically very, very competent. Sitting on…
NovaGold Resources Inc (NG-T) TSE
He's not a gold bug, but seeks unloved stocks in unloved sectors. Gold has consolidated nicely and made a good technical turn. His #1 gold holding is FNV-T. TGC has the largest undeveloped deposit in the world and in a safe place (Alaska) with a good partner in Barrick. All tailwinds.
Platinum Group Metals Ltd (PTM-T) TSE
Sprott is a secured lender in this project, as well as a shareholder. The mining start-up looks like it has been fairly troublesome. If they work through their problems, which he thinks they will, he thinks there is tremendous upside. However, there is risk. There is tremendous upside if they can make all this work.…
Silvercorp Metals Inc. (SVM-T) TSE
Usually silver will lead gold by a little bit. Everything in silver right now is looking really, really good. Chart shows a downward pattern, but has reached the upper side of the channel and should be breaking out anytime now, and do quite well through to mid-March and maybe April, depending on the whole complex.…
Almaden Minerals Ltd. (AMM-T) TSE
Great Panther Resources Ltd (GPR-T) TSE
Primarily silver. He does not like that small of a market cap company. In this pessimistic a market he does not like to invest in this small of a cap. It is Mexico. There is probably more downside before we see upside in the second half of the year. Explosives were stolen from one of…
Seabridge Golds (SEA-T) TSE
Speculative buy with a $31 target. Has never been too impressed. Big deposit, but needs a lot of money to get it going. He'd rather put his money into producers that are offering cashflow and dividends.
A grocery meal delivery company in Canada. He has held it for two years and then sold it last week. They are pivoting more to a grocery delivery service. It is very competitive against established grocers.
Smaller cap company. The financial technology was originally launched as a lender. Now it is in bitcoin and wallets. Still no earnings. Challenge is that it trades 28x EBITDA, no return of equity, no cashflow. Has had good price momentum in the past but too volatile.
CloudMD (DOC-X) TSXV
One of two he owns in the health care sector. Digitization within health care has only just begun. The last quarter beat expectations. They announced a large deal with Sun Life on mental health coaching. This alone could be $40 million in annual revenues. Things are going in the right direction and will exceed expectations…
Datable Technology Corporation (DAC-X) TSXV
They provide digital services to retailers to allow quick changes to pricing and other tasks. They have a long history in this space and are trying to get into big-box stores. The company is small and new, so he's watching it. Once revenues ramp up, he'll enter.
Use this list wisely to identify buying opportunities.
Happy trading !!!