New 52-Week Highs and Lows (Nov 21-27)

They are a recruitment company. It’s not very exciting. It was 45 cents a few years ago, but has been pretty flat since 2013. They pay a nice dividend, the stock hardly trades (about 12000 share volume). It’s profitable and well-managed. He would be interested in the stock at 75 cents but it is so…

It had a meteoric move. Speculative name at these levels. He likes the name and he got out at around 62. Maybe there is something there that he doesn't see. A quality name but he wouldn't be adding here. (Greg Newman)

It was all

A tricky one. Have a very small mine in Ireland that they are trying to put into production as well as a small jewellery division. There is no clear indication of what they are trying to be. Gold deposit is very small. (Paul VanEeden)

Stock vs. Stock.  FIE-T vs. CMR-T.  CMR-T is a money market fund.  FIE-T is a multi holding income strategy holding all kinds of assets, so there will be more volatility.  When markets are up go into CMR-T and FIE-T when they are down. (Larry Berman CFA, CMT, CTA)

They have raised dividends, which signals confidence by management – who also owns the majority of shares. It has a service advantage and get loan turnarounds quickly. Brokers have technological advantages and there is reoccurring capital. Once a mortgage is closed it becomes highly visible and it shows the cash flow path. (Steven Ko)

2020 looks promising with success in U.S> multi. (Greg Newman)

Is the dividend safe? Stable company. Their price to book is 2.41. (Above 3 is a red flag.) So, they can pay their dividend, yet acquire new projects.Their PE is 17. He hasn't seen any issues with PEGI. As long they keep earning those cash flows and pay that dividend, this is fine. (Tim Nash)

(A Top Pick Mar 05/18, Down 9%) He added to it. It had a good rally to begin the year. It has two good Canadian assets. They will have expanding margins in the best jurisdiction in the world. (Jon Case)

Copper pricing seems to be Firming here.  Commodities are starting to come off from a bottom here.  It is 9 years into a bull market and into a recovery.  If you are going to play it, this is probably a not bad place to be.  Copper looks interesting here. (Norman Levine)

It is one of the best in the space. It has a single asset risk and exploration has not born out given what they have spent. A recent acquisition may change things in terms of diversification. A fund was a major holder of this stock last year and liquidated it and put the valuation under…

Cobalt is a partner commodity in the production of lithium batteries. Earnings are expected to be negative in 2019. Cobalt prices have risen sharply, causing manufacturers to find a way to move away from using it -- nickle may replace it (as an aside Sherritt could be a potential benefactor of this). He would consider…

They are producing. They are a medium sized producer. It looks like a reasonable buy but he does not follow it. (Robert McWhirter)

(Market Call Minute.) Have done a good job in optimizing the plant and there is better news to come. (Alice Tsang)

You have to be speculative to but this stock now. They have some debt maturing soon. If you are really bull on gold it is cheap. (Rick Rule)

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…

Too much political risk. Too much financing risk. Nice deposit. (Rick Rule)

Gold will trade in the $1,100-1,400 range. For PG to rise, gold must rise even above $1,400. He doesn't see any short-term upside in gold. PG has probably bottomed out, but he doesn't see it going up either. (Elliott Fishman)

Metal tariffs caused this to fall. Also, steel futures are down. But it pays a safe 6.5% dividend and trades at a reasonable level. Likes it here. (Greg Newman)

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…

A small silver company that he has looked at. There is a valuation opportunity but it is just such a small company. He does not know a lot about their acquisition. After we get news on it you have 12 months where they will be range bound. It is a bit early for a re-rating.…

Agnico-Eagle (AEM-T) came in a while ago and made a 9.9% stake in this company. The stock went up, but it really hasn’t done much since then. Then Barrick (ABX-T) came in and said they really liked the deposit and wanted to do a joint venture. This is a much better approach that is better…

CCL.B-T A great label maker.  A fantastic story over the years.  He would never recommend selling it.  You also have IPT-T and have been selling weak with all the hurricanes in the last weeks.  They create a lot of value but there is better value with IPT-T.  He holds this over CCL.B-T because IPT-T are…

The Barkerville district has a lot of prospectivity. Their individual drill results are excellent but under the control of the Osisko company. He doesn't own it, because has a hard time getting the drill holes to tie together. That said, the district has a lot of promise and the exploration team is strong. The stock…

Thinks there is another mine in this company. This is a story that is going to unfold and he likes it. (Charles Oliver, HBSc CFA)

It’s a tough deposit. Erratic mineralization with the Uranium. He doesn’t think a lot of the deposit. Prefers others. (Brent Cook)

It is a dry natural gas producer. He thinks oil stocks have more upside. AECO is trading at $1.10 per GJ in the middle of winter. The management team is good. He would likely purchase ARX-T instead. (Eric Nuttall)

Debt is too high for them with the lower light oil prices. She has them on the watch list and likes them but too soon to purchase. Yield = 12% (Joanne A. Hruska, CFA)

It does better in the springtime before summer driving season. This year's it's seen lower-lows and -highs. It's below its 200-day moving average. Oil price has plunged. Can CFW benefit from current $53 oil? (Jon Vialoux)

Is a light and medium oil producer. This was a $15 stock 5 years ago. It is very cheap. Their dividend is very sustainable at $57-60 oil values. It is undervalued but there may be other opportunities elsewhere. It is an example of how the small cap companies are challenged in Canada. You probably want…

They just raised their dividend by 12%. They beat cash flow per share and production. They are buying back shares agressively. Pays a safe dividend at 69% payout. He sees 2% production growth. Okay balance sheet. The only thing to not like is oil itself. Not enough railroads in Canada. Norway has announced it is…

A market darling for a few years. When things went difficult in the oil patch they didn't react fast enough. They are still a big oil producer. There is a lot of uncertainty in that regard. A $100 oil seems to be a far away dream now. Stable but what is the catalyst for this…

It is a small cap. The largest coil tubing company in Canada. It is a survivor. Book value is $1.17. He likes the management company. They are doing all the right things. This was a $2.50 stock in 2014 so you could see $2 going forward at some point a couple of years down the…

(A Top Pick Feb 14/18, Down 38%) Canadian oil has been a tough place since the latter months of 2018. Fine managers. They have a huge land position in northeast BC. But this is an unloved sector. Yet, oil demand continues to rise each year. It comes down to timing. (Zachary Curry )

He likes this and the dividend is sustainable. He has been shying away from the energy sector. If you are looking for cash flow, probably not too bad. He is concerned with Canadian energy. Probably some upside to this name, and currently a good entry point. Has a $38 target. (Jaime Carrasco)

(A Top Pick Nov 15/18, Down 4%) This was caught on the oil downwave, but it hasn't seen the pick-up in oil like, say, Suncor. A big trucking group in oil. It's trading at very depressed levels. Still likes it. (Andrew Pyle)

This one depends on your view on gas. He would put this up there with the half-dozen Montney focused names. Has been very impressed with the ongoing improvement of well results. Definitely top tier. (Mason Granger)

The balance sheet is a bit of a problem but the management team has a way to grow this company going forward. It is a thermal player. He needs to see pipe going in the ground. (Josef Schachter)

They have two plays. It is pressured because of debt load. Production came down in the third quarter and should now increase. They should knock debt down with the sale of two non-core assets next year. It needs a catalyst before the market will revisit this story. (Josef Schachter)

He's liked this for a long time; it's his biggest Canadian holding. They struggled a little in latter-2018, failing to sell Colombian assets. They took that off the market in December 2018. They've been aggressively buying back their stock and will continue to this year until that Colombian bid runs out. Trading at 3x cash…

For full disclosure, she is on the Board of Directors of Blackpearl. International Petroleum has made an offer to acquire. It is expected to close in mid December. She would not be buying a stock that may only be around for a few weeks. Management is very strong and will be going to International Petroleum.…

He sold it 4 years ago. A great company and management, but it's related to energy prices. They are efficient at coating pipelines. If their backlog is rising, buy it, but when it is not (like now), don't. (Douglas Kee)

One of the more conservatively run oil service companies. A smaller oil service business. He likes some of the stuff they do in their rig matting and gas compression businesses. They have an acquisition strategy, and in this environment they may see some opportunities that could be accretive to shareholders. Balance sheet is pretty clean.…

It collapsed in 2015. They sold off their US division. Their balance sheet is much stronger now. They are the largest pressure pumper in Canada. You can buy it today at less than liquidation value. (Analysts’ price target is $2.04) (Teal Linde)

The balance sheet is good. However, being a Canadian light oil producer there is just not a lot of interest. They also had a vocal short seller to deal with. He does not feel the need to own this one. (Eric Nuttall)

VII-T very a well regarded technical team and management. Their knock against them is their lack of inventory. Their decline rate has been very high -- 45%. He would rather purchase purchase someone like NVA-T. (Analysts’ price target is $17.00) (Eric Nuttall)

This is in the small mid cap space. They are geographically diverse and this is a concern. At $60 oil, the dividend is absolutely safe. They are trading at 87% of the wells that are on stream today. So everything else you are getting for free. Very undervalued. (Eric Nuttall)

A fine company, but there are concerns over their total inventory. It comes down to what is the problem with Canadian energy market as a whole. There are only about 5 active analysts in the sector now. When money comes back it may be Cenovus, Baytex or MEG. Canadian light oil producers have a hard…

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.) (Bill Harris, CFA)

Conservative management team. They have re-geared their business around the Montney region. Cash flow today is not a great reflection of what the future will be, he thinks. The dividend has held around 5-6% and he plans to hold for the long term. Yield 5.8% (Ryan Bushell)

He just bought this. This has fallen, based and is moving up now with higher highs. He's very bullish in commodities now, because it was beaten up and has alredy based. (Analysts’ price target is $9.85) (Keith Richards)

A takeover candidate? He was wrong with this. He recently moved it from a buy to a hold. It's high-risk and high-reward, has

(A Top Pick September 15/17 Down 38%) This is the third version of this company, he suggests.  Now a 90,000 boed producer it has stagnated with a large natural gas position.  There is inconsistency in delivering economic results.  He likes their assets, but he has gone to the sidelines to wait for that consistency to…

A bond proxy. From 2016 to early-2017 it had an uptrend, then a pullback. This year, the uptrend has resumed. He likes the chart--it's currently on the upside. Also pays a decent dividend. Let's see if it tests upside resistance at $14. (Javed Mirza)

Have some interesting prospects on some properties. Have some financial partnerships with South Koreans. Looks like it is forming at bottom here. Not his favourite, but it meets his initial tests so it is starting to gain some attraction. (Robert Lauzon)

Has been really hurt by the execution of this very difficult play they are in. Company is going through some high costs, to make sure this very extreme area in northern Alberta, is all pipelined in. There are good reasons why two very, very good, smart, rich people have got ownership of this company. He…

The concern is the 8.2% yield at 85% payout. It may be sustainable. Earnings estimates have been shaved by 2% in the last 90 days. Growth is forecast to drop. It is 5 times PE to Growth next year so he prefers others. (Robert McWhirter)

(A Top Pick Apr 24/18, Down 47%) It's oversold. He's watching it and may buy back his position. They've gotten into cannabis retailing out west and are looking at Ontario where he expects them to have a strong presence. Note: Aurora bought 25% of CLIQ at $15/share (today $5). Ouch. (Colin Stewart)

In general terms still on a downtrend. Bearish big picture. Could get back into the 20 dollars. (Keith Richards)

A growth company, adding stores. They've built their brand and are well-managed. However, they had a few quarters where same-store sales disappointed, so the stock got hit. But there's still room for them to grow in Canada. A decent place to put your money if you're long-term and don't need a big dividend. (Douglas Kee)

This has great assets globally. The biggest sourcing platform for organic foods. It is really hard to get an organic designation. It takes 3 years for a farm to convert. They spent a lot of time putting together assets and it hasn’t been managed well. The company did a strategic review, brought in an investor…

Largest demographic group is the 29 years old. Ready at the point of household formation. No debt. They generate a lot of cash. (Analysts’ price target is $50.33) (Chris Stuchberry)

He's owned this from time to time, but CGX is frustrating. It plays the movie pipeline, hits or misses, the stock rises or falls. A good dividend player, but there are better dividend stocks. (Andrew Pyle)

(A Top Pick June 28/16. Down 1%.) Has been hit along with the retail sector. Pays a dividend of almost 5%. Great balance sheet. They should be helped going forward, because the Cdn$ is going up, and they source so much from the US. He is a little concerned about their new athletic stores. (Benj…

Have to be careful with tech companies in this space. Something becomes a darling, and the market thinks everything will move in this direction. Doesn’t see this happening. Doesn’t want to bet on one technology here. Natural gas is seen as a bridge fuel. But with energy moving in a greener direction, what will happen…

This ETF tracks Canadian oil prices. There is only $9 million of capital in this fund – be very, very careful. (Mike Philbrick)

How much weight would you give to a preferred share ETF within a FI portfolio? He doesn't like preferreds. You get a return of a bond abut the risk of a stock. He prefers covered calls for income. (John Hood)

Why such a large correction? Preferred shares are a big part of this fund, and they took a hit because of higher interest rates. (Richard Croft)

HPB Energy Bull+ ETF. Immediate leverage to oil price moves. If you have a very good near-term bet that you want to make on oil this would be the way to go but if you are looking for an investment in the oil patch that has a long-term investment implications, then you should go to…

He would rather have direct access to floating rates. In Canada there are very few original floating rate preferreds left. One of the highest quality is the Brookfield BAM Preferred B or Preferred K and generally they are in the market and trading 17, 18, so they are at a big discount to their par…

HPR outperforms the larger index. It's interest-rate sensitive. Pays a good yield. However, if the Bank of Canada cuts rates, this will decline 10-15%. This is a tactical buy, so sell on a rally of 5-10%. Not a long-term buy. (Larry Berman CFA, CMT, CTA)

ZEO-T vs XEG-T ETF – The difference between these two is concentration. The XEG is dominated 50% between CNQ-T and SU-T. In the equal weight portfolio (ZEO) these represent only 17%. There is a higher yield with XEG. (Mike Philbrick)

Good fixed income play in a diversified portfolio? EM bonds give higher return at higher risk. For a younger investor with 70% equities and 30% fixed income, wouldn’t have more than 5-6% in EM bonds. Funny things can happen in terms of valuation and nationalization. (John Hood)

(A Top Pick Nov 23/17, Down 14%) Canadian oil has been beaten up since Nov. 2017. Oil investors are frustrated. ZEO is equal-weighted, so it's biased towards mid-caps. (Daniel Straus)

He likes this and ZPR-T, but in general is not a big fan of preferred shares as he feels they have the yield of bonds and the risk of stocks. He holds it as a partial position, but does not view it as a good place to park cash. The yield on HPR-T is over…

(A Top Pick August 8/17, Up 8%) This holds what’s left over from the XIU 60. Wanted to get into some smaller stuff to get better diversification, and focus on this rather than the broader-based indices. (John Hood)

Got stuck at $40 and had a sell-off. $20-40 range, so there's plenty of upside here. He's worried about this sector, but CWB has already sold off, so he's not worried about it. (Elliott Fishman)

They're buying back shares. They're tilting towards industrials, a better area. It's at a 53% payout ratio and trades at 10.8x, and trades at a cheap 17% discount to NAV. But they aren't growing as fast as their peers (2% vs. 5%) and fairly levered with 57% debt. It has turned the corner, though. You…

They've disappointed for a long, long time. Won't see growth until 2020. He sees 1.8% AFFO growth. The balance sheet still carries a little more debt than it should. There are better opportunities out there. If they continue to execute, this should be better in coming years. (Greg Newman)

A REIT that owns hotels in secondary US cities. They've upgraded old hotels, many on railway lines. They took a cash-flow hit and the street wasn't ready for that. The stock took a big hit in 2018. Good sustainable yield of 11%. As these investments pay off this and next year, they'll see higher income…

He owns Morguard Corp. (MRC-T).  He likes it because they hold a large portion of the free cash that is generated which gives them much more opportunity to do something with it.  It is an attractive compounder. (Stephen Groff)

The parent is discounted on a NAV basis relative to the underlying assets. He does not like the sub-underlying companies, especially on the investment service side. He would prefer to hold their preferred shares. The yield is well covered. Yield 5.5% (Ryan Bushell)

(A Top Pick May 14/18, Down 21%)  It had a tough go since he was on.  He continues to believe it is one of the best plays to get exposure to bit coin.  It is a well run company. (Thomas George)

They had a project where they had lent out some money to the big Urban Corp. real estate company, which defaulted on their loans. Fortunately, the loan was secured by some real estate. Terra Firma just announced getting full repayment of the principal plus interest for that property. Now it will be a function to…

(A Top Pick Jun 22/18, Down 31%) He still likes this. This is beautiful technology. They are actually a miner. His strategy is to have this at 2.5% of his portfolio, so has continually added as the price has come down. He has not lost faith in this, just thinks it is early. (Jaime Carrasco)

Uses their GPS system to figure out where trains are, and to more accurately schedule trains and service vehicles for people working on the rails. Reported on Aug 14 and earnings were down 10%. That was against a 32% increase in sales. In the coming quarter, earnings are expected to be down 75% year-over-year. Great…

Doesn't know this super well, but obviously with what is going on in the blockchain/Bitcoin space, this is a bit of a hybrid. They are doing a similar type of business in gold. You are seeing a big trend and big interest in that sector, but at the same time, you are also seeing gold…

They are doing distinctive infrastructure, where they are digging trenches to get that last mile to the home. They are doing this in the UK, and have a large contract with one company. He really likes the story, but is waiting to see some revenues and earnings drop to the bottom line over the next…

It'll be flat this year. It's very illiquid, so likely way cheaper than it ought to be. Good balance sheet. Cheap at 8x earnings. The payout ratio is safe. You can buy and win with this. (Greg Newman)

We have infrastructure plays going on. But there is a long term downtrend and it does not want to get through the $1 to $1.20 level. If it did, it would be a new trend. (Analysts’ price target is $1.77) (Hap (Robert) Sneddon FCSI)

He bought it years ago. Pays 4-cents each month in dividends. He's doubled-down and averaged down. It doesn't have the normal upside for him, but it's a fine demographic play. People are getting older. He sees 50-100% upside. Safe to buy more here, but he wants them to pay down its debt more. (Benj Gallander)

There is so much concern on quality of earnings and when the companies will be profitable.  He wants to see the industry mature.  He likes it long term.  The health side of this could be revolutionary over the next couple of decades. (Larry Berman CFA, CMT, CTA)

The CFO has recently moved on and there is no reason for his departure. The technology is good and they have built a new facility in China. Recent financing has been very attractive. He expects their crystals to be purchased for medical scanners in China and expects good things going forward. There has been no…