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50% oil and 50% gas. One of the largest trusts. Does about 100,000 barrels a day in production. Trades at a discount to its peers. Have a lot of undeveloped acreage which has potential for CO2 flooding, a new technology which could boost reserves.
oil / gas
DON'T BUY
Just went public at $10. You won't hurt yourself by buying this one, but wouldn't buy at this price. There is a lot of exposure to Zellers and not sure where that store fits into the Canadian retail landscape over in the next 5 years. Buy Northern Property (NPR.UN-T) instead as it is a safer alternative with better properties in areas that have higher growth.
property mngmnt / investment
BUY
Raised some money to buy a power plant from their parent. It is S1 rated which means that it is one of the most stable trusts. Yield is about 7%. Won't make a lot of money on it, but it is stable.
electrical utilities
DON'T BUY
One of his favourite trusts. Trading near its all-time highs. Valuation is higher than the rest of the group, but is warranted because of its great track record and management team. Fairly valued and upside is probably limited.
oil / gas
DON'T BUY
In a tough business of processing fruit. High packaging costs and high transportation costs. Hard to pass on higher costs.
food processing
BUY
Fell in price over the last 2 weeks because of less volume in coal shipments next year from Fording (FDG.UN-T). Not a major concern. Good price.
INDUSTRIAL PRODUCTS
BUY
Likes this one.
investment companies / funds