Just completed its acquisition of Starpoint. Basically, it is an aggregation of a bunch of different companies and assets. Would like to see how they integrate these assets before buying.
Has been forced into putting itself up for sale. They have been notorious over payers. If a buyer does not materialise, there will probably be a distribution cut.
Canada's largest independent income fund. Converting into an income trust. Yield would probably be in the 6.5/6.8% range. Before buying, delve into the outlook as a trust for their business and their ability to grow.
(A Top Pick Feb 3/06. Down 10%.) Expect that prices will move up in the latter half of the year. Service companies are a lot more volatile than their oil/gas counterparts. The #1 driller in Canada. Still likes.
(A Top Pick Feb 3/06. Up 3%.) Just got listed on the New York stock exchange. Has held up very well during this market correction. Have a significant land base as well as some assets in the oil sands.
(A Top Pick Feb 3/06. No change.) Oil weighted. Aggressive management team. Focused on acquisitions in Saskatchewan. 11.1 years reserve life which is better than average. A very good entry point.
Owns US office properties. Have done a very good job in creativity and generating value for shareholders. Good quality management team. Research on it is limited. Do not have an overweight exposure on this, but a good way to play real estate outside of Canada.
They try to give exposure to a broad array of different types of relatively small to mid-market companies. Questions some of the companies they have acquired.
Own about 60% of the oilfield waste management industry in western Canada. Dominant in their space. Good defensive play in the oil/gas sector. Make good acquisitions on an accretive basis.