Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
August 19, 2005
A well established name. In the top 2 of the largest royalty trusts. Diversification adds to the attractiveness. Trading below the average of its large peers. Still seems some further upside.
Obsidian Energy (OBE-T)
August 19, 2005
A well established name. In the top 2 of the largest royalty trusts. Diversification adds to the attractiveness. Trading below the average of its large peers. Still seems some further upside.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$32.900
Owned
Unknown
BUY
BUY
August 19, 2005
Environemental oil services field. Has had a tremendous run over the past several years. Last quarter results were basically in line. Helping to drive this trust is that the Fording Trust (FDG.UN-T) has received preliminary approval from the tax authorities to restructure to avoid some future taxes. This trust is going through that same process.
Environemental oil services field. Has had a tremendous run over the past several years. Last quarter results were basically in line. Helping to drive this trust is that the Fording Trust (FDG.UN-T) has received preliminary approval from the tax authorities to restructure to avoid some future taxes. This trust is going through that same process.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$32.000
Owned
Unknown
WEAK BUY
WEAK BUY
August 19, 2005
One of the more aggressive royalty trusts in terms of money they are budgeting for future capX, above average payout ratio and their above average financial leverages. Q2 numbers were basically in line. A play for investors looking for very robust commodity prices. For the more aggressive investor.
One of the more aggressive royalty trusts in terms of money they are budgeting for future capX, above average payout ratio and their above average financial leverages. Q2 numbers were basically in line. A play for investors looking for very robust commodity prices. For the more aggressive investor.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$19.050
Owned
Unknown
BUY
BUY
August 19, 2005
A spinout of the chemicals division from Nexen (NXY-T). A good model for the income trust, because of their significant market share in the business. Coming out at a fairly high payout ratio, mid 90%'s, and believes this will go down. A low cost provider. Electricity is a big part of their costs and they are one of the lowest cost producers.
Canexus Corp (CUS-T)
August 19, 2005
A spinout of the chemicals division from Nexen (NXY-T). A good model for the income trust, because of their significant market share in the business. Coming out at a fairly high payout ratio, mid 90%'s, and believes this will go down. A low cost provider. Electricity is a big part of their costs and they are one of the lowest cost producers.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$10.000
Owned
Unknown
BUY
BUY
August 19, 2005
One of his favourites in terms of the quality and sustainability of their distribution. Has one of the largest diversified assets bases among its peers. Long life. Conservative balance sheet. Almost debt free.
One of his favourites in terms of the quality and sustainability of their distribution. Has one of the largest diversified assets bases among its peers. Long life. Conservative balance sheet. Almost debt free.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$21.700
Owned
Yes
COMMENT
COMMENT
August 19, 2005
Speculation that parts of the company could be spun off as income trusts. Have a long history of moditizing some of their value into an income trust with Bell Nordique.
BCE Inc. (BCE-T)
August 19, 2005
Speculation that parts of the company could be spun off as income trusts. Have a long history of moditizing some of their value into an income trust with Bell Nordique.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$30.660
Owned
Unknown
VAGUE
VAGUE
August 19, 2005
Has been on a bit of a roller coaster ride over the past year. Extremely high potential for growth in this area because of the B.C. government's expansion of the number of casinos. Since the last quarter, this stock has come off significantly.
Has been on a bit of a roller coaster ride over the past year. Extremely high potential for growth in this area because of the B.C. government's expansion of the number of casinos. Since the last quarter, this stock has come off significantly.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$18.480
Owned
Unknown