BUY
Some people think this is a proxy for the US economy. He is a little dubious about prospects for the US economy in the spring. The recent pullback has been overdone and this is a good entry point.
DON'T BUY
Talk of a reverse split which would help clean up the huge amount of shares outstanding. New management team has done a pretty good job in a crappy situation. Doesn't think the Microsoft (MSFT-Q) deal will help them too much. If you own, consider selling at year-end for tax purposes.
WEAK BUY
Prefers Ipsco (IPS-T). This one has less value added and probably a little more volatile. Cheaper on fundamentals, but for a reason.
BUY
Good exposure to the oilfield and pipeline industry as well as the construction in the oil sands. Earnings were very good. Price is reasonable.
DON'T BUY
Hold on to see what happens re acquisitions, mergers, etc. Wouldn't buy at this point.
BUY
This one gives you exposure to base metals.
BUY
Likes this company. The building of specialized pipelines is very good for them. Have had a bad drop in the last six months.
DON'T BUY
Benefited from the “spark spread”, cost differential between electricity and cost of production. Their use of natural gas in making electricity has been in their favour, as gas got very cheap. However, today, natural gas storage indicator showed a draw down. That will be negative for the “spark spread” this quarter. Prefers others for yield.
HOLD
Today is the favourite tendering. His inclination is, if you own the stock, to hold and wait and see what happens.
DON'T BUY
This is not a senior company and you're playing on the dangerous side of the street. Volatile.
DON'T BUY
An interesting way to play the oil sands, but very volatile. Prefers playing through the large caps.
DON'T BUY
When it went public, there was a lot of excitement about stock exchanges around the world. A classic case of hype overcoming substance. Could never understand why it was over $60. A recession or slower growth in the US will result in fewer listings and trading will decline.
BUY
A very good company. Gives you very good exposure to oil. Reasonable price.
BUY
Reported good earnings today. Operates in the sub prime mortgage market. Their record of loan losses has been extraordinarily low. As interest rates rise, activity in the housing sector tends to decline. Also have a growing credit card business.
BUY
Had a little bit of a miss on earnings today, which was no surprise. This is an integrated producer, so you've got refining, exploring and retailing. This gives you a lot more protection from oil price changes. Trades at an attractive price to net asset value.