Opinions by Douglas Kee | StockChase
850
Douglas Kee

Chief Investment Officer

ON STOCKCHASE SINCE Oct 2009

Leon Frazer & Associates


Opinions by Douglas Kee



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Signal Opinion Expert Chart

2017-08-23

N/A
A Comment -- General Comments From an Expert 

Markets.  The broader market is expecting another increase in interest rates from the BOC.  There could be more in 2018.  Rates going up will hurt dividend paying stocks short term, but long term they will adjust.  In certain sectors there is overvaluation and the US market is fully valued at present.  In Canada two of the biggest sectors have not done well.  The banks should do fairly well because they should get their margins up.  Insurance companies should do well in a higher rate environment.  Pressure will be put on utilities and pipelines, but only short term as long term they get it back through inflation adjustment as that is the way they are paid.

Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $0.020
Owned: _N/A

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2017-08-23

PAST TOP PICK
Altagas Ltd (ALA-T)

(Top Pick June 9/16, Down 1.70%)  He is picking it again tonight.  They did an acquisition in the US, but some say it is too big, too utility and won’t go through.  They had to do a big installment receipt.  The deal does not close for 12 months, but you raise your equity right away.  In the end he thinks the deal will get done and he now thinks there is potential for growth in the US.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $27.710
Owned: Yes

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2017-08-23

TOP PICK
Altagas Ltd (ALA-T)

It is yielding 7.5% and the acquisition in the US should go through. They have a further billion and a half of growth projects and another billion and a half it the deal does go through. The yield is likely to go down if the deal goes through, but that is a good thing because the stock price will have gone up. (Analysts’ target: $34.50).

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $27.710
Owned: Yes

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2017-08-23

COMMENT
AltaGas Ltd (ALA.R-T)

ALA-T is buying a US utility company and issued an installment receipt.  It pays stocks if the deal closes otherwise you get your money back and a dividend along the way.

Energy
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $28.190
Owned: Unknown

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2017-08-23

BUY
Algonquin Power & Utilities Corp (AQN-T)

Has had pretty decent capital appreciation and he expects it to continue.  He bought one that paid a higher dividend.

electrical utilities
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $13.800
Owned: No

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2017-08-23

BUY
CCL Industries (B) (CCL.B-T)

He likes the company.  It has done very well and continues to make acquisitions, which they are good at.  The stock has come off a bit recently but longer term it is a good company and has increased the dividend, which they have a good record at doing.

packaging/containers
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $58.140
Owned: No

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2017-08-23

DON'T BUY
Cineplex Inc (CGX-T)

It pays a reasonable dividend that is safe.  They are down about 20% year to date.  Second quarter earnings were a disappointment.  If there are not a lot of good movies coming through they suffer.  Longer term they are trying make themselves less volatile than they are.  Right now it is not good value.  It is not cheap.  Early numbers on the Rec Room business are pretty good.

other services
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $37.610
Owned: No

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2017-08-23

WEAK BUY
Chemtrade Logisitics Inc. (CHE.UN-T)

A decent business and a decent dividend payer.

investment companies/funds
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $18.500
Owned: No

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2017-08-23

TOP PICK
Canadian Natural Rsrcs (CNQ-T)

They did a good job of making acquisitions. There is an overhang of 4 billion of stock to come out at some point.  They can pay down debt, increase the dividend and buy back shares with it.  (Analysts’ target: $48.00).

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $38.720
Owned: Yes

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2017-08-23

BUY
Canadian National R.R. (CNR-T)

It is a long term core holding. It has come off a bit recently after a huge run.  At current prices it is fully valued.  He wants to buy it in the low $90s or high $80s.  They increased their dividend 10% plus for the last 5 years.  He prefers this to CP’s dividend record.  He also likes that it is more North/South.  It is more US oriented. 

Transportation
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $99.810
Owned: Yes

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2017-08-23

HOLD
Crescent Point Energy Corp (CPG-T)

It has not helped him to date this year.  They are doing okay.  The dividend after the cut is safe.  The growth side of it is challenged. 

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $8.430
Owned: Yes

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2017-08-23

BUY
Enbridge Income Fund Holdings (ENF-T)

It has a higher dividend than Enbridge and it is safe.  Growth projections are slower than the parent.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $30.880
Owned: No

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2017-08-23

BUY
Hydro One (H-T)

He has big positions in other utilities.  It has done well coming out of the chute. They were challenged in their growth, but now they have made an acquisition. 

electrical utilities
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $22.750
Owned: No

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2017-08-23

DON'T BUY
Hudson Bay Co. (HBC-T)

It is a roll of the dice.  The retail business is mature and declining.  It is a play on real estate.

department stores
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $10.600
Owned: Unknown

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2017-08-23

DON'T BUY
Hudbay Minerals Inc. (HBM-T)

He typically does not own too many materials stocks. It has done okay, but is quite volatile. He is not interested in it.

precious metals
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $10.720
Owned: Unknown

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