John Sinkins, CFA

Stock has done well. Subsidiary of US. Company, He owns Petro Canada and Shell

Pending takeover of Inco from Falconbridge. This deal seems to be taking a long time to settle, rumor of a potential better bid for Falconbridge.

Had a huge profit of 2.3 billion for first quarter. US has gone from 15% of revenue to 22%. Looking for another 10% growth plus picking up the yield over the next 10 months. They bought at an average cost of $51.70

They bought at around $20 have had for years. Still looks inexpensive, has assets all over the world.

He is a fan of this stock. It has done well. Likes the market, which is a growth market in the US.

Their entry price was $41.50. Likes high divident and the market.

They bought at $17.67. Since then they had Scientific Atlantic acquisition which he really liked (a strategic acquisition). More demand for communications equipment. Cisco is also moving into Voice Over IP (voip). By passing Ma. Bell.

railway - good way to play strong economic growth New CEO coming in. They have an opportunity to grow efficiencies. 5-8 % growth If oil prices drop they will benefit. Hey bought at $34, and still like it. Says buy at this low price.

They don't own (they are more focused on resources, rather then retail). It's not a bad time to own, but he would have to check the evaluations compared to other retailers before buying.

Has not been a good ride since their merger. They are having much competition from Microsoft and other Antivirus companies.

Like it continue to own, good evaluation. If you like the oil sector, it's a good stock to own.

The drop in oils has created a bit of a buying opportunity. This one is the cheapest of the integrateds. The big knock on it is that it's conventional oil/gas production in Alberta is dropping, but it should have a lot of growth coming in the next couple of years from its oil sands project.

Aluminum prices are going to move up, it looks like $0.90 to $1 next year. A lot of their energy costs are on long term fixed contracts. It is also possible that there may be a lightening of energy prices as well. The high energy costs and the management changes have put a lot of pressure on the stock which has created a buying opportunity.

Fundamentally the stock looks very good and should continue to deliver good earnings. Dividend yield of about 4%. Could be some dividend increases. There's been a bit of a funk in the US financials because it's hard for them to move up when interest rates are going up.

Earnings were quite good. Wireless revenues were very strong. Overall a good company, but not sure he would buy it here since it has had such a big run up.