TOP PICK
A great play to participate in the ongoing high levels of activity in Alberta economy and infrastructure build out. Spectacular record of acquisitions. Has been oversold. 10% yield.
TOP PICK
Canada's most international bank. Fundamentals for banking are superb. Looking to improve their domestic franchise. Caribbean and South America are some of the hottest economies right now and he likes their position there.
TOP PICK
Rails are a very environmentally friendly means of transportation. This company has lagged some of the other rails, but under a revamped management structure you can see at catching up in a hurry.
BUY
Monopolistic position with no competition. Throws off tremendous excess cash. Very shareholder friendly. He is bullish on equity markets.
BUY
A value play in the oil patch. Good growth profile.
HOLD
Excellent yield of 5%. Management has made some good moves to increase shareholder value.
DON'T BUY
Doesn't meet his environmental social governance criteria but does hold its two major subsidiaries, Great West Life (GWO-T) and Investors Group (IGM-T).
DON'T BUY
Doesn't meet his environmental social governance criteria.
BUY
Likes the rails, which transports 60% of the freight in Canada, but only accounts for 3% of the greenhouse gas emissions. This one is the most efficient in North America.
BUY
A classic trust structure. They dominate their business. Basically have a monopoly on all the Yellow Pages in the country. Still some growth potential.
HOLD
Feels it will be able to maintain its dividend. Have substantial tax losses available, so could be an acquisition target.
DON'T BUY
A fine company but has had a chequered history of labour relations. Doesn't meet his criteria.
HOLD
A hold for the next 2-3 years. As high-quality production assets. Massive inventory of conventional and unconventional prospects. Strong growth profile.
COMMENT
Nuclear related activities, including exploration and production of uranium, don’t meet his criteria. Feels that nuclear power has tremendous risks. How you dispose of nuclear waste is a long-term major problem. Very capital intensive and feels the private sector has no business being in.
BUY
Gives the investor exposure to asset structure and management which they average investor wouldn't have access to. Great holding. Long-term hold.