HOLD
If you are a long time holder and can set it up on a DRIP plan, you'll do fine with it. A very safe trust. Valued pretty high versus some of the other pipelines.
WEAK BUY
Management strategy was to roll up a fragmented industry in Alberta and BC. Short term he likes it as they are doing accretive acquisitions and have a nice payout ratio under 100%. Doesn't like long term as it is involved in the retail sector and could get competition from larger companies.
HOLD
Selling all assets and will redeem its limited voting rights at $15.50. There is a feeling that $15.50 may be too low, so there may be some dissension among the institutional holders to try to get a better price.
DON'T BUY
Q: Riocan (REI.UN-T) versus TSX Capped (XRE.UN-T). A: With Riocan you are taking company specific risks while the TSX Capped (XRE.UN-T) would be more diversified.
BUY
Q: Riocan (REI.UN-T) versus TSX Capped (XRE.UN-T). A: With Riocan you are taking company specific risks while the TSX Capped (XRE.UN-T) would be more diversified. NOTE: Can't find the symbol XRE.UN-T. Sorry.
BUY
Has had some business problems to work through on the cost input side. Have been hurt by resin prices which have been affected by oil prices. Now hedging their costs. Believes management can turn it around. Just made a big acquisition and will watch to see how management does with it.
TOP PICK
Had a 3 for 1 split recently. Going to have the largest production base of any royalty trust, about 100,000 barrels a day. When it goes into the index, it will be one of the top 5 names owned by pension funds.
TOP PICK
Makes grain handling equipment. Just made a good acquisition. Seeing some good grain crops this year in Canada. Payout ratio is 70%.
BUY
Gas weighted. Have a lot of coal bed methane assets which has a lower decline rate than oil and gas. Should have a nice stable 10 year reserve life. Lower multiples than the competition. Low payout ratio.
DON'T BUY
There was some good traffic flow out of the Paris air show and some contracts, but is there enough ramp up in the business to break into some decent level of profitability. Still a "wait and see".
BUY ON WEAKNESS
Would buy it up to $57. Good dividend. John Hancock acquisition has gone well. Good growth in Asia.
TOP PICK
Well repected management. Disappointed in the first quarter so had a pull back. Has their production behind pipe and just waiting to get on line. You'll see pretty good growthin the last half of the year. About 5 high impact wells to be drilled in the next 3/4 weeks.
BUY ON WEAKNESS
No matter what happens to the brokerages mergers, etc, it is positive for TD Waterhouse and it is worth $3/4 a share. Would buy under $53.
DON'T BUY
Although it's long and drawn out and not for sure, a decision seems to be leaning in favor of Canada re forest products. Skeptical.
TRADE
Would be really surprised if they don't split it. Has run a lot in the last little while.