This week’s new 52-week lows… (Dec 12-18)

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)

Their debt is too high and lack the financial flexibility that others have. He sees other opportunities that do not have this balance sheet issue. (Eric Nuttall)

They are bringing on new wells. They are generating 30 cents in cash flow and trading at $0.38. The stock has been devastated because of debt. It is a junior name. It is a very cheap stock. It is on his action alert buy list. (Josef Schachter)

He owns Suncor and CNQ in this space. Husky is well-managed with good long-term assets. He has nothing negative to say about it; he just prefers these two other oil companies. (Douglas Kee)

(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)

Book value is $9.99. Volumes came down because they shut in some dry gas. The stock has been decimated. He prefers other names to this one. (Josef Schachter)

Pengrowth (PGF-T) and Perpetual (PMT-T)? Had some challenges with their balance sheet over the last couple of years with the collapse in oil prices. This one would be a little riskier. If you really see a big jump in commodity prices, this probably has a lot more upside than Pengrowth (PGF-T). (Jim Huang)

Quebec is moving forward.  They are having fabulous wells.  They have higher net backs because of the lack of need for transportation.  On a little bit of weakness the stock is one to keep an eye on.  (Josef Schachter)

Cash flow per share was in line in Q4. He sees 9% production growth and 8% cash flow per share growth. It's cheap at 6.7x though peers are at 4.5 x. Good balance sheet at 1.9x debt-to-cash flow. Their dividend is sustainable. It's one of the few oil stocks that hasn't cut its dividend. If…

The company is very cheap in terms of price to book. Their book value was $4 at the end of June. However, they have a debt problem: $211 million of debt compared to an equity value of $369 million. He sees this as a takeover candidate especially now because he is seeing consolidation in the…

(A Top Pick Feb 12/18, Down 36%) They are going to double their production in the next few months. They are delisting from Canada in the next few months. You can trade on the AIM but costs are higher than the venture. Small investors are getting out of the stock. (Josef Schachter)

26% of production is in liquids. Strong balance sheet in a depressed industry. PAys a 6.34% dividend (Analysts’ price target is $13.36) (Michael Sprung)

If you believe in $60 oil or higher, this offers the highest leverage of any name. If you believe in $55 or lower, you do not want to own this. This company is very sensitive to oil price and oil differential. Negative cash flow at $55 oil and positive cash flow at $60 oil. If…

HNL vs. BDI Had both on his watch list. In December he bought BDI after talking to management and following the company for a long time. BDI: Smart management who have paid down a lot of their debt. Well-positioned in mobile homes for oil/gas industry and other applications. Tremendous upside. HNL is also good, but…

He likes energy in general, and BIR will likely reach $5, but doesn't know if it'll rise higher than that. (Keith Richards)

It's caught in the Canadian oil stock downturn. They cut the dividend. They hold big assets in Texas shale, so there's opportunity there. But the chart shows no sign of perking up. Maybe higher oil prices will help. (David Cockfield)

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 have cut back and preserved capital. They do not have a debt issue. They are a gas play. If gas prices stay strong, they should do well. She anticipates their 4th quarter production being lower. She is not buying it today, but the future looks good. (Joanne A. Hruska, CFA)

It is a junior company at about $0.70 so he does not talk about it on the show. The book value is $6.50. It was a dry natural gas producer. They are now drilling two oil wells (light oil and liquids). The stock is very cheap here. (Josef Schachter)

He really likes it. They shut in some of their heavy oil in Q4. They have not reported yet. On Jan 9 they said they were working on cost recovery and liquids rich were going up. His target is a double or triple over twelve months. (Josef Schachter)

There's too much capacity in other sources of energy, so he's zero-weighted in all oil and natural gas. Markets dictate the prices of commodities, and he avoids businesses like this. (David Baskin)

He stayed away because they went to the states to make acquisitions.  He did not know why the Americans would not already take these assets.  He stays away from it. (Robert Lauzon)

(A Top Pick Oct 23/18, Down 13%) Derives 83% of its revenue from US plays, including shale. This will do very well, but all oil has been under pressure. He still likes the company. (Andrew Pink)

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…

NexGen vs. Fission He owns both Fission and NexGen. They're far from infrastructure in the Athabasca Basin and would be challenged if it wasn't for their deposits being large and of quality (and next to each other). They could get built as a pair. The Fission deposit is borderline-tier one deposit, whole Nexgen's is. The…

A good royalty company that pays over a 7% yield (safe), with a payout ratio over 60%. They carry no debt. The only problem with their model happens when their oil drillers don't drill, as they did last year. If this happens, collect the yield and wait. (Douglas Kee)

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

A mico-cap that had some major issues.  He would not look at this at all.   (Eric Nuttall)

29% debt to book value. $2.81 is their book value. He thinks they will increase production in the fourth quarter. (Guest's target: $2.50). (Josef Schachter)

It is quite a small company.  It is hugely volatile.  There a lot of problems over the years with the pricing of data coming from India regarding a 10% stake in another company.  They have too much debt.  The price of the gas they sell has been negotiated.  A tough name to predict.  (James Rife)

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

There's considerable upside, but the street is very split on this stock. It's a high-risk/reward stock. This could pay off very well at current prices. They just renewed some contracts and have paid down some debt. In a better oil market, this would be much more valuable. (Michael Sprung)

In tough shape. They made the wrong bet on natural gas. Sell it and buy elsewhere. But it will pay off over five years. (Eric Nuttall)

Has nat gas exposure--and he's bearish on all nat gas stocks. Market cap is way too low for investors to really care for in this sector.  (Eric Nuttall)

He is extremely active in trading in his fund. He may recommend a stock today, but get out of it next month because of situations. They put out a horrible Q4. Their entry in the US was horrific timing. He is not comfortable with this name anymore. (Eric Nuttall)

Best in class in oil. Downstream protects them when oil prices are down, and midstream offsets volatility. Great balance sheet and management. The whole sector has turned into manufacturingfrom growth, because they aren't exploring (because of lack of pipelines), but rather are reducing costs to C$25/barrel. With the WCS differential, the companies fetch C$50. Good…

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)

Is the dividend safe? He just dipped their toe in. He is not 100% confident about the dividend being safe. Most analysts, however, are saying it is. He thinks it is well managed, but is waiting to see the industry stabilize as a whole. (Analysts’ price target is $7.40) (Bruce Campbell (2))

Too big to be taken over, except by a major, and it's quite independent, so that's a very low chance. Pure gas play, well run, profitable, has growth. Chart is pretty good for an energy stock. But valuations are still extremely low. It's in upper 5% of names, but whole group is out of favour.…

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…

It's been stuck at these levels for a long time, but likes recent volumes. No problem buying this one. (Elliott Fishman)

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

In a great spot now if you want to enter. Building a bit of a base, likes the selloff, nice runup. (Elliott Fishman)

Has an old mine outside of Los Angeles that was run in the 1930s. Closed down during the Second World War and they are doing open pit mining in the area. Has some issues, but at these gold prices, it will probably start to work again. Under followed. Highly speculative. (Robert Cohen B.A.Sc., MBA, CFA)

Once owned it. The new CEO (a successful woman with a good track record) replaced the former CEO who was burned out. An essential stock to own in the diamond space. He may rebuy it. (Rick Rule)

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…

Management is first-class. The stock may be fully priced given where they are in the assets that they acquired. However, if you go back in time with this management, you don’t do poorly investing with them. (Rick Rule)

(Top Pick Mar 8/11, Down 65.85%) (Michael Smedley)

(A Top Pick Mar 05/18, Down 1%) Superb company. A cornerstone of his junior portfolio. Great free cash flow. Well financed. (Rick Rule)

A very small gold explorer. Probably the best claim to fame is that its project is located near the Detour Gold (DGC-T) project near the west detour part of that project. A very prospective camp. Still early stage. He likes the management team. (Dennis da Silva)

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)

This now has a project in Mongolia which has epithermal veins, which he loves. When you do find them and they carry great grades, it can grow really fast. This has a 50 g/meter width quite prominent with something like 16% which gets him excited. Still very early stage. (Robert Cohen B.A.Sc., MBA, CFA)

It has returned to previous support from November. He would look at the $9 range. If it breaks below that they we have a problem, otherwise it will base at this level before going up to $16. (Hap (Robert) Sneddon FCSI)

Lumber stocks are challenging. He liked the leverage in the company and they have been paying down debt. Now that lumber prices have collapsed in the last year, he still will hold it, but would not rush out to add to his position. He likes management still. He would wait for a better entry. (Peter…

“Jumps and Steps” – quite common in junior companies. Each jump is a news item. As it gets closer to production, it will keep on doing this. Pullbacks are due to profit taking. Must stay above the $0.30 level, otherwise it may be bad news. (Jeff Parent B. Eng. FCSI CIM)

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…

This still has legs. There’s been a break out in the 10-year decline we have seen in base metal prices, which should be positive for all the base metal companies, particularly the Canadian ones which could have by-products of zinc, lead or other things that can bring a fair dollar. (Robert McWhirter)

A diversified REIT, mostly in Canada and a little in Texas and northern US. It's performed like all REITs. There's more upside after recovering from the late-2018 plunge. This sector will do well--he sees 5-10% upside with Artis. Artis pays a good 5% dividend. It'll move up, because interest rates will stay flat. This is…

This is a tough business to be in as construction and design are low margin businesses.  The last couple of quarters showed some operational hiccups.  He needs to see these issues turn around before investing.  He thinks there are other ways to play the infrastructure wave, such as Brookfield or SNC Lavalin.   (Robert Lauzon)

Just sold his holding yesterday. Still likes financials, but prefers insurance or mixed use like Fairfax. Seasonality and headlines re housing mean banks are a bit of dead money. Better use of money elsewhere. Short-term, downside risk is about $95. (Hap (Robert) Sneddon FCSI)

The sector's been difficult as a whole. Money flowing into ETFs, which puts pressure on fees and margins. No growth in the sector. She wouldn't pick any companies in the sector. (Veronika Hirsch)

It broke a down trend.  It has pretty weak upside.  The recent level of highs has not been taken out.  It is struggling. (Keith Richards)

General opinion of the sector The insurance group had run up earlier in the year as longer term interest rates were expected to rise. However, as short term rates have risen faster this has taken the wind out of the sails. There is still more upside in rates and with yields of 5%, it is…

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…

An unknown insurance company. Undervalued. Has a well positioned distribution network. Trades at a discount to its peers. Gives you insurance exposure in the financial services asset class. Still a growth story. Yield is 3.1% (Analysts' price target is $63.67.) (Prakash Hariharan)

It is a well established business. It is diversified. There is the wealth management business. The dividend is safe. The broad mutual fund business is under pressure. Buy it for yield but not for growth. See Canadian banks. (Kash Pashootan)

It has struggled with some vacancies in Toronto. Honestly, he doesn't know much about this REIT. He prefers SRT.UN-T which focuses on grocers in mid-market US towns and they have reduced their leverage. He likes SRT's American operations and its defensiveness. The only negative is an external managed contract that seems to be going on…

(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)

(A Top Pick Feb 24/16. Down 43.33%.) This was a big disappointment. They changed their focus on their business plan. He got stopped out. They were basically doing loans to doctors, but have now changed and is doing software service. The market didn’t like that. (Bruce Campbell (2))

REITs in general are strong in the summer, different from most sectors.  Last summer it had a pretty good run.  Right now it is in a trading range.  If it breaks above it you will run into an upward trend.  It will continue until September. (Don Vialoux)

He has owned it in the past and sold a while ago because the share price dropped.  The big issue is that they have a lot of margin pressure facing them.  They are struggling against a tide.  The share price is cheap but you need to look at where the industry is going. (Tim Regan)

A software provider for commercial real estate portfolios.  They also have a consulting service.  They are migrating more and more clients around the world onto their platform.  There is good organic growth.  (Analysts’ target: $38.78). (Stephen Takacsy, B. Eng, MBA)

If it breaks through $109.50, you'll go down to $105, and then the next spot is $98. Banks are predictable, not a big drop. Better places to deploy capital because of seasonality and rate slowdown. He'd look at it again around $100-105. Interest rates would really need to rise to see it break through. (Hap…

Dream is more real estate focused.  They are challenged.  It is a matter of timing.  If people start to think things are stabilizing in Western Canada, then this one will thrive. (Colin Stewart)

(A Top Pick Jan 24/19, Down 1%) It's a hedgy stock. He likes it as a longer-term trade. The chart shows big swings. It bottoms around $600 and believes it can top $700, as it has in the past. His target is $700. (Keith Richards)

Is the 7.5% dividend sustainable? - He thinks the dividend is sustainable as the company has a nice balance sheet and the company has a different business model compared to other mutual fund companies. That hasn't stopped the stock to come down like all other mutual fund stocks. He would wait until the market works…

This is a way to play the millennial fintech market with a dash of crypto. The stock made its IPO at 10, then pulled back sharply. They have a platform that allows millennials (or anyone else) to get loans, mortgages, and other financial products -- now including a crypto layer. There are 10 million millennials…

(A Top Pick Feb 16/16. Up 6.28%.) This has some creative stuff and he had been looking for bond portfolios that are actively managed and a little bit outside the normal ETF’s. He is still buying some of this. (John Hood)

Looked at it, but the Canadian banks looked better. Get the BMO Canadian bank ETF instead. Be cautious about jumping into the US banking side. Canadian dollar could perk up and that would offset any advantage to being in the US. He'd rather stay in his own backyard that he knows. Canadian banks are superior…

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…

A good ETF. You're swapping a lot of income for growth. If you want that, then fine. (John Hood)

HBP S&P 500 Bull (HSU-T) or BMO Equal Weight US Banks Hedged To CDN$ (ZUB-T)? These are 2 completely different things. A lot of people are negative on Bull+ and Bear+ ETFs but he thinks there is a place for these things but he doesn’t think it is here. Thinks it is going to be…

Given that the energy space is volatile, but not overly sold, the covered call strategies have looked pretty attractive over the last couple of years. Generally speaking, he is not an energy fan or investor. However, when his arm gets twisted by a TSX that roars forward, and he is not playing that game, he…

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)

How do you select ETFs? He likes low MERs in general when looking for ETFs -- usually under 10 bps. Don't buy the

(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)

This ETF hedges away the US dollar exposure. All the returns will be based on the market movement. Good if you want to protect away from currency movement. (Mike Philbrick)

A high-leveraged junior oil/gas play, banking on the global economy avoiding recession and settling down to a simmer. It's 80% American + 20% Canadian stocks. He doesn't see a new commodities super-cycle, but does expect a lot of upside. (Tyler Mordy)

Equal weight US bank with a currency hedge. The yield curve will invert sometime next year and then banks won't make money. Don’t put new money in but you can trade them today. (Larry Berman CFA, CMT, CTA)

(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)

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 snow mobile marker was the crown jewel carved out of Bombardier. It is probably worth looking at and is a well run business. He has been waiting for a reason to buy -- maybe it is now. (Fabrice Taylor)

He's long owned this and likes it. Are we in peak auto now? Car stocks have come off--and that's overdone. Markets are growing rapidly, though China is making its own auto parts. That said, this space and stock are safe for now. (Michael Sprung)

It is unbelievable where this stock is trading at. Acquisitions this year are worth less than half what they paid for them. It was trading at less than half what it was worth. They are trading below the amount of cash they have. It shocks him how far it continues to go down. (John Zechner)

He owns a bit of this, but prefers Corbys because it has a better cash generation ratio and pays a better dividend. He doesn't dislike ADW, though. (James Hodgins)

Could Brick be a takeover candidate? He doubts it. It's a beautiful play and beautiful company. The CEO ran another company that got taken out; when this happens there's a better chance for the current company to get taken out. But he doubts that BRB will get taken out. Would a Molsons or Coors get…

It's been a rollercoaster, killed in Q4. but he's expected a big year in the cinemas in Q2 and Q3 with a lot of box office money to be made. Also, the Rec Rooms and selling wine and beer in all theatres are good diversifiers. CGX competes with home video streaming, though. CGX is priced…

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

He used own this music streaming business. After the raise in cash flow was directed to buying radio stations he got out. It is no longer of interest to him as these businesses do not make money. (Fabrice Taylor)

(A Top Pick Jan 16/18, Down 41%) They won a $145 million lawsuit against Apple, but the judge marked it down to $10 million minimum and ordered arbitration. This figure is huge for QTRH. The new CEO has done some takeovers in the past 18 months and wants to do more with $58 million cash.…

Provides a service very similar to Alphabet (GOOGL-Q), which is provided for free. When your competitor is providing your services free, it is tough to be competitive. (Jerome Hass)

Reverse head and shoulders now? The problem is that the second one is lower than the first one. It's trending lower, but at least it has established a support level around $11. (Elliott Fishman)

They're trying to cut costs and sell holdings. If you hold this, then take a loss now. There's too much confusion, disappointment and debt. Unless they can turn around their businesses, then debt will continue to deepen. Avoid it. (He nearly bought it last summer. (Don Lato)

Just announced a discovery in Columbia. Flow tested over 2000 barrels per day. This well could produce up to 5000 when brought into production. A very well distributed stock so it might not jump too fast. Company could get taken out. (James West)

 (A Top Pick June 11/2018, Down 4%) Consolidate diagnostic imaging centres in US. A growth company, recent $27M acquisition in Florida which will add 20% to revenue. There are 7500 imaging centres in US, so ripe for consolidation. Will outperform its bigger competitor over time. Thinks it’ll eventually be acquired as a vehicle for AI…

(A Top Pick Mar 26/18, Down 54%) He slightly reduced his position, but still holds it. They got into a business agreement with Sun Pharma, a bigger company, that was distributing one of the biggest drugs. They did a big promotion last year and the stock did very well, but they stopped promoting it. The…

This sector is almost as bad as airplanes, because there are government regulations and labour issues (minimum wage) and it's labour-intensive. Also. EXE missed their numbers and hasn't done much in two years. They blew their brains out in the U.S. where they got it. Also--his theory--technological advances and government incentives encourage seniors to stay…

The big challenge is getting their product to market. They have most of the cash they need into 2020, which should buy them enought time. He is watching to see how revenues ramp up next year. (Bruce Campbell (2))

He likes this name. They are modeling 20% EPS growth, 10% FCF growth. Pays a nice dividend easy for them to pay. Payout ratio of 60%. The only negative is that their balance sheet is a little too levered. The name doesn't get the respect it deserves. he think it is going higher. (Greg Newman)

Hold it for two years? It's a deeply cyclical stock that hasn't been doing well. He wouldn't hold it for two years, but rather buy it now as a trading opportunity. (Andrew Pyle)

It's down about 35% over 52 weeks. They were in the print business and transitioned away from print. They divested and reinvested in assets to be more established in the packaging space. Previous acquisitions have worked well. You have to have patience with it. The dividend is safe for the time being. They took on…

It formed a nice base. It has a strong yield. It is coming out the last few days. We are getting close to a break out. (Jeff Parent B. Eng. FCSI CIM)

He bought it as a value play with sum of the parts worth more than it was trading at.  They are trying to sell some of the parts.  Thinks they will sell all the parts and distribute the cash.  $4-$5 breakup value.  It is taking longer than he thought to break it up. (Stephen Takacsy,…