BUY
(Market Call Minute.) A great way to play the oil sands. There will be a lot more takeover activity. Distributions are safe.
BUY
(Market Call Minute.) Stock dropped quite sharply today. Deals in the lower market space and people are going to look for value. The dividend.
BUY
(Market Call Minute.)
BUY
(Market Call Minute.) Prefers others, but this is okay.
SELL
Linked to the possibility of shale gas in Quebec. Had an enormous run based on potential rather than production or drilling. If you own, you might think about taking your money off the table.
TOP PICK
Construction of oil sands plants. Have a $1.5 billion contract backlog. Good way to benefit on the oil sands development.
TOP PICK
Doing a series of projects globally. Cleaning up water, largely from mining projects. On the cutting age of how to turn tailing ponds into clean areas. Have some projects in China. Really likes their technology. Long-term hold.
TOP PICK
Hog processing. Chinese government is pushing for cleanup in the food chain. Chinese population is eating more meat with their higher income.
BUY
Mass transit ridership is going up 10 or 15% in the US so has gone into this one mainly because the train and transit business. Margins have always been lousy on this side but thinks there is room for margin expansion as global demand goes up. Energy is going to drive a lot of drivers out of their vehicles.
PARTIAL BUY
May be a good entry point. Had some early problems in the drilling and came up dry a couple of times. Seem to be doing a little better now. Interesting land position. Be prepared to wait 2 or 3 years. Don't let the farm on it. Speculative.
BUY ON WEAKNESS
Came off along with other drillers but had a good rebound. Likes that they make money in bad times. Very conservative balance sheet. High capacity utilization. Tend to add new rigs only when they have them booked. Have work in the Montney region in B.C. and the Bakken in Saskatchewan. $14 would be a reasonable price.
COMMENT
Extremely speculative. Could be a home run, might be a bust. Be cautious.
DON'T BUY
Reopened some zinc production and got caught in the price downdraft. Not the lowest cost producer of zinc. He is cautious on the outlook for zinc.
COMMENT
Hasn't done much when other oil sands plays have done a lot. Well positioned. If you are going to buy, you need a 12 or 18 month time horizon.
DON'T BUY
Had a good run lately. New CEO and new game plan. Problem has been that the various pieces of it were worth more as separate entities. Would be better of if they broke it up and gave it more focus.