TOP PICK
Very defensive stock. 4% yield. Transports 20% of North America's natural gas. Not exposed to commodity prices. Owns 15% of Bruce generating station in Ontario. You can set on this stock and wait for the markets to get better.
TOP PICK
A utility that has power generation, big gas distribution operation in BC, power assets in the Caribbean and owns buildings. Has increased its dividend every year for 3 decades. 4.1% yield.
TOP PICK
Not exposed to the vagrancies of costs of production because they have contracts with mines that has silver as a by-product. Could have 30 million ounces in about 3 years.
PAST TOP PICK
(A Top Pick Nov 26/08. Up 9.03%.) Was stopped out on a pullback in the spring. Still a Buy along with its sister company George Weston (WN-T). Very defensive stocks.
PAST TOP PICK
(A Top Pick Nov 26/08. Up 18.03%.) Likes gold as an insurance policy. This is a good company and if you didn't have any gold companies this would be a good one to be in.
PAST TOP PICK
(A Top Pick Nov 26/08. Down 7.28%.) Has more oil than gas but gas is what pulled it down. Well managed. Distribution should be safe.
COMMENT
Gold and silver. If gold breaks through $1000 it could easily be $1200-$1300. If this happens, silver could be $18-$20 without any trouble.
COMMENT
Longer-term the uranium market looks okay. In a shoulder season for uranium and the uranium price hasn't done much all summer. Doesn't expect it to do a lot for a while. Usually there is price firming in the fall. This company has some interesting things happening for it. They are drilling and there could be some positive results in the next little while. Consolidation in the sector could result in a takeover. Longer term play.
BUY
Its main attribute is a line that comes out of Fort McMurray into Edmonton. Also has a series of collection lines that services Western Canada. 10% distribution should be safe.
BUY ON WEAKNESS
Banks have reported very strong earnings and are no longer inexpensive. This and Royal Bank (RY-T) are his preferences. Likes their international operations, which are in growth markets.
COMMENT
Lithium. Electric cars will use lithium batteries. An old Quebec mine that was abandoned about 30 years ago. Have enough money to do some drilling but will have to raise capital for feasibility studies so there will be another equity raise. Big lithium resources in South America that are easy to get at so the jury is out on this whole sector.
DON'T BUY
Natural Gas Bull+ ETF. Designed for traders, not investors. He hasn't had good luck using them as a hedge on investments so far. Very important to talk your advisor before buying.
WAIT
Oils have had a nice move and he would be inclined to let it firm and show a bit of strength on the upside. Only 1% yield. Entering in the shoulder season on oil. Good company with great assets.
COMMENT
Just announced the acquisition of Sino Gold. This will make it a million ounce producer. Assets are basically in Turkey and China, little riskier areas, so there might be a slight discount for this.
DON'T BUY
Diamonds. We have to wait for the junior market to mature for a lot of these companies and will take a bit of time. There is a little financing starting to being done. They'll require capital to keep going.