Bruce Campbell (2)

It has done very well and has had such a big move that expectations are high for the next quarter which could have a negative effect on the stock. However we continue to see the infrastructure build-out and increasing margins. The huge tailwinds should continue for years with nuclear power generation as well as power in general along with AI data canters and federal government infrastructure projects.

The question was on his view of income stocks or ETF's. Some ETF's hold a basket of stocks and therefore have less individual stock risk. Regarding growth his daughter could look at companies or products she likes, knows and understands, see if they are publicly traded and together they could work on building a portfolio of these companies.

He likes it and there a number of different pieces falling into place. They are doing some fantastic drilling and there is more to drill in Kazakhstan. They are using Canadian technology that has not been used there before. They just raised money through convertible debentures to get LNG operations going and online in 2027. Also enhancement work in fields they already have. A bonus is that they have a rare earth business although this is further out time wise.

There are tailwinds there since it will be a challenge meeting the demands from all the new nuclear facilities coming online in the next few years. Therefore prices for uranium should go higher. The pullback over the past four months in this sector is a result of expectations getting too high. All these small nuclear reactors that are talked about will take time to build. More nuclear energy will be generated over the next five years.

The stock has been volatile in spite of the expansion of the space sector. Contract wins and losses or industry news has pushed around the price of MDA. However the price could be significantly higher in five years, or taken out. If you are an active investor you could buy, trim, and then add more on the price movement. He likes the dynamics of the industry.

Their product appears to be very effective from a health standpoint and restaurant efficiency standpoint, but will take time to build up. Long term it looks like a great opportunity.

There are a number of catalysts. It is a big producer of sulphur as a by-product of their natural gas production. Sulphur has gone up in price.

Longer term there is a huge opportunity. It is in the rare earth and magnetic industry. It is consolidating here after a pullback from a big move up and probably ready to go up again. He sold because it dropped below their rank of hold, but is watching it.

He does not see a specific reason for the drop although the valuation was extended. One concern for investors is that one of its big customers is advertising and building out a battery department which could take away business from Kraken which makes very specialized underwater batteries  that can withstand the compression experienced underwater. However it continues to grow in revenue and earnings at a great rate. He feels they will get their market share. The underwater drone area is continually getting bigger worldwide with countries interested in defense. Their customer list is a collection of the Who's Who of defense and they deal pretty much with everyone in that industry. He is watching it and feels it is a lot more attractively priced here.

It continues to do amazing things with its business jet market and the backlog continues to build. It is a Canadian and global leader. Wealthy people are buying jets and they are also getting more traction from the defense sector which he sees as a tailwind for several years. He is watching it.

Editor's Note: The name of the company was indistinguishable, both verbally and in captions,although the first part of the name was Energy. No chart was shown. It is in the renewable energy business with waste being turned into natural gas. He has referred to this company in the past. It is improving its balance sheet and should have better quarters down the road.

It has had some exploration success and getting better recovery techniques. They are streamlining what they do. It is getting more interest and hitting new highs. After consolidation it should accelerate again.

They have cut back their dividend and are transitioning to a new set of shareholders. The challenge with it and other telecoms is the aggressive pricing in wireless plans. However he sees this as stabilizing and therefore margins should improve.

Their earnings numbers were fantastic and they are in a sector that the market is rewarding. Also it falls into the rotation from hardware to software. Long term it is building out its business on the service and finance sides.