Stock Opinions by Douglas Kee - Stockchase Experts
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Douglas Kee @

On Stockchase since : Oct 2009

Chief Investment Officer

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Douglas Kee Latest Top Picks...

Stock Opinions by Douglas Kee - Stockchase Experts


Signal Opinion Expert Chart
COMMENT
General Market Comment 

September 17, 2018

He's expecting the US to slap more tariffs on China, which is not good. True, China has been taking advantage of other markets, but tariffs won't help markets either. Canadian markets are going sideways whereas U.S. markets are rising. Valuations peaked at 19x and are now 17.5x, because earnings have risen. Good, but what will happen next year? He predicts earnings to be positive in 2019 due to less regulation in the U.S. and a tax structure that encourages business. He is cautious in this 10-year bull run. Earnings are going up, but there is pressure on wages and more tariffs. He has trimmed positions to rise to 7% cash and is not spending dividends. The market is fairly valued, but things could go wrong on the trade front.

He's expecting the US to slap more tariffs on China, which is not good. True, China has been taking advantage of other markets, but tariffs won't help markets either. Canadian markets are going sideways whereas U.S. markets are rising. Valuations peaked at 19x and are now 17.5x, because earnings have risen. Good, but what will happen next year? He predicts earnings to be positive in 2019 due to less regulation in the U.S. and a tax structure that encourages business. He is cautious in this 10-year bull run. Earnings are going up, but there is pressure on wages and more tariffs. He has trimmed positions to rise to 7% cash and is not spending dividends. The market is fairly valued, but things could go wrong on the trade front.

Unknown
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
Manulife Financial(MFC-T) 

September 17, 2018

What's the effect of interest rates rising is a good thing for insurance companies? Good, because higher rates boost the bottom line quickly. Also, the hedging costs decrease.

insurance

What's the effect of interest rates rising is a good thing for insurance companies? Good, because higher rates boost the bottom line quickly. Also, the hedging costs decrease.

insurance
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$23.040
Owned Owned
Unknown

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BUY
Nutrien Ltd.(NTR-T) 

September 17, 2018

Likes it. Nutrien has done everything it has promised after the marger. Have nicely executed a program to sell $5 billion in assets which they will invest in the retail side by doing acquisitions. They will do buybacks and raise the dividend.

agriculture

Likes it. Nutrien has done everything it has promised after the marger. Have nicely executed a program to sell $5 billion in assets which they will invest in the retail side by doing acquisitions. They will do buybacks and raise the dividend.

agriculture
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$75.380
Owned Owned
Yes

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BUY
Altagas Ltd(ALA-T) 

September 17, 2018

He's still happy with this. They did what they said they'd do: did the wgl acquisition, then sold off assets with more to come, and THE dividend is still safe. Management though will likely stop dividend increases for a year or two because they're conservative managers.

oil/gas

He's still happy with this. They did what they said they'd do: did the wgl acquisition, then sold off assets with more to come, and THE dividend is still safe. Management though will likely stop dividend increases for a year or two because they're conservative managers.

oil/gas
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$22.380
Owned Owned
Yes

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BUY on WEAKNESS
Suncor Energy Inc(SU-T) 

September 17, 2018

The Cadillac of the oil patch. They have a lot of refining, so that's a natural hedge, with all this worry about getting Canadian oil to the U.S. They've made good purchases. The stock has gone down, but $48-50 is a good place to buy. Generates a lot of cash flow.

integrated oils

The Cadillac of the oil patch. They have a lot of refining, so that's a natural hedge, with all this worry about getting Canadian oil to the U.S. They've made good purchases. The stock has gone down, but $48-50 is a good place to buy. Generates a lot of cash flow.

integrated oils
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$49.770
Owned Owned
Unknown

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COMMENT
Cenovus Energy(CVE-T) 

September 17, 2018

He sold it this year, because he was reducing his energy weighting. New managers have done well selling assets to reduce debt. Have also lowered costs. They don't have the refining capacity, so that's a problem. By 2020, the debt should be low enough to increase the dividend, though he had been expecting 2019.

oil/gas

He sold it this year, because he was reducing his energy weighting. New managers have done well selling assets to reduce debt. Have also lowered costs. They don't have the refining capacity, so that's a problem. By 2020, the debt should be low enough to increase the dividend, though he had been expecting 2019.

oil/gas
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$11.400
Owned Owned
No

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PARTIAL BUY
Inter Pipeline(IPL-T) 

September 17, 2018

He owns other pipelines. It's trading at near lows. If you're longterm on pipelines, it's a decent time to enter this, but Transcanada and Pembina offer better dividend growth.

oil pipelines

He owns other pipelines. It's trading at near lows. If you're longterm on pipelines, it's a decent time to enter this, but Transcanada and Pembina offer better dividend growth.

oil pipelines
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$22.990
Owned Owned
No

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PAST TOP PICK
Toronto Dominion(TD-T) 

September 17, 2018

(Past Top Pick, May 25, 2017, Up 29%) Great retail operations in Canada and U.S. They increased their dividend 10% this year, and boast the lowest payout of all the Canadian banks. They'll continue to do well, given their U.S. presence and interest rates rises.

banks

(Past Top Pick, May 25, 2017, Up 29%) Great retail operations in Canada and U.S. They increased their dividend 10% this year, and boast the lowest payout of all the Canadian banks. They'll continue to do well, given their U.S. presence and interest rates rises.

banks
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$79.170
Owned Owned
Yes

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PAST TOP PICK
EnerCare Inc(ECI-T) 

September 17, 2018

(Past Top Pick, May 25, 2017, Up 64%) They're getting taken out by Brookfield Infrastructure. Had grown their  dividend, too. Very happy with this.

Consumer Products

(Past Top Pick, May 25, 2017, Up 64%) They're getting taken out by Brookfield Infrastructure. Had grown their  dividend, too. Very happy with this.

Consumer Products
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$28.900
Owned Owned
Yes

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PAST TOP PICK
Pembina Pipeline Corp(PPL-T) 

September 17, 2018

(Past Top Pick, May 25, 2017, Up 5%) Basically flat this year. They're doing what they're supposed to be doing and are outperforming their peers. Increased their dividend. He stands by it.

pipelines

(Past Top Pick, May 25, 2017, Up 5%) Basically flat this year. They're doing what they're supposed to be doing and are outperforming their peers. Increased their dividend. He stands by it.

pipelines
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$43.070
Owned Owned
Yes

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COMMENT
Morneau Shepell Inc(MSI-T) 

September 17, 2018

They've done acquisitions in the US and UK. They own the market in Canada and had to expand beyond. They paid a rich price for their purchaes. Well-managed and is growing its dividend.

Business Services

They've done acquisitions in the US and UK. They own the market in Canada and had to expand beyond. They paid a rich price for their purchaes. Well-managed and is growing its dividend.

Business Services
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$27.200
Owned Owned
Unknown

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BUY

Great company. Owns NPI instead. AQN has moved more into the U.S. (than NPI)  and wind. energy. Offers good growth with fine dividend growth.

electrical utilities

Great company. Owns NPI instead. AQN has moved more into the U.S. (than NPI)  and wind. energy. Offers good growth with fine dividend growth.

electrical utilities
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$13.770
Owned Owned
No

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COMMENT
Newell Brands Inc(NWL-N) 

September 17, 2018

Struggling like most consumer product companies. Revenue is flat/down. Streamlining assets will take time. It's paying 32% of earnings, so the dividend is safe, but it won't rise much.

misc consumer products

Struggling like most consumer product companies. Revenue is flat/down. Streamlining assets will take time. It's paying 32% of earnings, so the dividend is safe, but it won't rise much.

misc consumer products
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$21.560
Owned Owned
Unknown

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HOLD
Canadian Western Bank(CWB-T) 

September 17, 2018

A mortgage- and loan-heavy bank, so it's more volatile than the big banks. But volatility is opportunity. Don't trade out of this for one to buy one of the big guys. Just stick with it.

banks

A mortgage- and loan-heavy bank, so it's more volatile than the big banks. But volatility is opportunity. Don't trade out of this for one to buy one of the big guys. Just stick with it.

banks
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$34.200
Owned Owned
Unknown

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HOLD
First National Financial(FN-T) 

September 17, 2018

Follows it. Well-managed with a decent yield. Very conservative managers. But what happens when the two big shareholders retire or move on? Hold on.

Financial Services

Follows it. Well-managed with a decent yield. Very conservative managers. But what happens when the two big shareholders retire or move on? Hold on.

Financial Services
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$28.880
Owned Owned
No

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