Most Anticipated Earnings: CNR-T, CVE-T and more Canadian Companies Reporting Earnings this Week (Jul 20-24)

Opinion about ECN-T: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research ECN is, at least, up 58% in the past year (down 16% YTD). Considering its economic exposure and small size, its decline is not really out of line with others. That being said, it is hard to be too bullish here. Consumers…

Opinion about WPK-T: (A Top Pick May 30/23, Down 11.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with WPK has triggered its stop at $39.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 9%, when combined with the previous recommendations.    

Opinion about MTL-T: If he owned it, he'd keep a core position and trade around that on economic indicators. Cyclical. Good operators. 

Opinion about FAR-T: The drillers haven't participated as much during this mining boom. FAR is diversifying out of high-risk areas and junior miners. Shares have been cheap a long time. Is a take-out candidate. 

Opinion about CNR-T: CNR vs. CP He'd put $$ in CP for now. Generally, they move in the same direction. CP is more in the driver's seat now, realizing synergies from the KSU acquisition. CNR isn't catalyst-rich for an investment thesis at this point.Prefers UNP.

Opinion about RCI.B-T: Trying to monetize sports division, but a ways to go. Falling behind on network quality and investments such as Shaw acquisition. Unfocused. Personal note:  He changed his cell to Rogers, can't believe how bad it is.

Opinion about AW-T: (A Top Pick Feb 13/25, Up 11%) It is well capitalized and has an almost 6% yield. He is looking for double digit returns and for a stock price of $50. Collects royalties and has 1000 franchises in Canada. Only 2 analysts follow it.

Opinion about DWS-X: Canadian wine has big tailwinds, including Premier Ford's cash rebate that began last year which is putting cash into Ontario wineries. Also, retail outlets in Ontario are opening up. Volumes are surging. The Buy Canadian movement has a lesser impact. Removing interprovincial barriers will help. Many tailwinds now and this will raise…

Opinion about CHP.UN-T: Blue chip, high quality. Largest REIT in Canada, as the owner of Loblaw and Shoppers Drug Mart across the country. Very stable, and so it trades around NAV. He usually prefers REITs that trade at a discount.He's very excited by recent acquisition of half the assets of FCR.UN, which are defensive and…

Opinion about FSV-T: Property management and services. Likes that it grows both organically and through acquisitions (either real estate or services). Lots of opportunity to make acquisitions in this fragmented industry. Very strict on its acquisition requirements. Incredibly well run. Fantastic Canadian company (founder started out by cleaning pools as a university student 🙂  Very…

Opinion about CVE-T: Higher energy prices should trickle down to its bottom line. Cashflow should increase, should start to pay down debt. MEG is a great asset. Lots of respect for it.

Opinion about OVV-T: The former Encanna moved to the US. It was a disappointment to the market. During the pandemic they decided to move it to the US from where the new CEO was managing the assets. See his top picks today. It would be okay to own this as a short term play.

Opinion about AAV-T: Top Canadian nat gas company today? He'd choose this one for upside torque, if you think that nat gas prices are going straight up from here. But doesn't pay a dividend. Not as safe as TOU.

Opinion about CFW-T: For companies like this, it is all about leverage to the upside. Clearly the cycle has turned. Gas companies are spending more money on fracing, so they will make more money. The issue is, how much more, and is the capacity still in surplus or not. If oil prices get to $60…

Opinion about TECK.B-T: Execution risk on this one keeps her watching rather than owning. Analyst price target is near $90. Upside, but you need to believe in the merger and the mine ramp up; a show-me story. Last quarter saw a strong earnings beat, copper production up 10%.

Opinion about YGR-T: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research EPS of $0.11 missed estimates of $0.13 and revenues of $42.41M missed estimates of $44M. Its FFO increased by 29% against the previous quarter, and its operational efficiency improved by 3% in average production. It demonstrated drilling cost reductions in the quarter,…

Opinion about EXN-T: Silver producer in Durango Mexico. Sees silver prices being very explosive in the next 6 months. Sees this one as an amazing cash flow story and will give great leverage to the share price. Great value.

Opinion about CUP.U-T: Fortis owns 60%. Challenge is that hurricane comes through every once in a while. Good system. Rates of return are higher than you can get in Canada. He owns Fortis