Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 3, 2005
Small cap, so doesn't follow actively. Part of the decline is due to the decline in the overall sector. 70% payout ratio may be a little high.
Small cap, so doesn't follow actively. Part of the decline is due to the decline in the overall sector. 70% payout ratio may be a little high.
Garth Jestley
Senior Portfolio Manager, Middlefield Capital
Price
$9.100
Owned
No
BUY
BUY
June 3, 2005
Involved in oil field waste management. Has one of the largest fleets in Western Canada on well servicing rigs. A real growth story. Has increased distributions 5 times since its IPO. Yield is about 5%. Well managed. Very low payout ratio.
Involved in oil field waste management. Has one of the largest fleets in Western Canada on well servicing rigs. A real growth story. Has increased distributions 5 times since its IPO. Yield is about 5%. Well managed. Very low payout ratio.
Garth Jestley
Senior Portfolio Manager, Middlefield Capital
Price
$26.500
Owned
Yes
DON'T BUY
DON'T BUY
June 3, 2005
Sold out his position some time ago when he became concerned about the high payout ratio. It's gone against the grain of the whole patch.
Sold out his position some time ago when he became concerned about the high payout ratio. It's gone against the grain of the whole patch.
Garth Jestley
Senior Portfolio Manager, Middlefield Capital
Price
$17.180
Owned
No
DON'T BUY
DON'T BUY
June 3, 2005
A relatively small cap trust. Its resources are largely in Northern Alberta which has been a tough place in terms of getting services, etc. Has a pretty high debt. 2 to 1 in terms of debt to cash flow. Recent cut in distributions puts it in a more stable pattern.
A relatively small cap trust. Its resources are largely in Northern Alberta which has been a tough place in terms of getting services, etc. Has a pretty high debt. 2 to 1 in terms of debt to cash flow. Recent cut in distributions puts it in a more stable pattern.
Garth Jestley
Senior Portfolio Manager, Middlefield Capital
Price
$7.610
Owned
No
TOP PICK
TOP PICK
June 3, 2005
(A Top Pick Jan 21/05. Up 19%.) Has the prospects of stage 3 expansion being implemented next year. Sees subsatntial increases in distributions down the road.
(A Top Pick Jan 21/05. Up 19%.) Has the prospects of stage 3 expansion being implemented next year. Sees subsatntial increases in distributions down the road.
Garth Jestley
Senior Portfolio Manager, Middlefield Capital
Price
$83.400
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 3, 2005
(A Top Pick Jan 21/05. Up 10%.) Still likes. With its focus on Wal Mart it has a very prominent position in the Canadian Market Place.
(A Top Pick Jan 21/05. Up 10%.) Still likes. With its focus on Wal Mart it has a very prominent position in the Canadian Market Place.
Garth Jestley
Senior Portfolio Manager, Middlefield Capital
Price
$20.300
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 3, 2005
(A Top Pick Jan 21/05. Up 19%.) Unique in the royalty trust sector. Has 2 legs outside of canada, Europe and Australia.
(A Top Pick Jan 21/05. Up 19%.) Unique in the royalty trust sector. Has 2 legs outside of canada, Europe and Australia.
Garth Jestley
Senior Portfolio Manager, Middlefield Capital
Price
$22.980
Owned
Yes