It’s interesting that they are talking about making the banks issue more shares if they want to make an acquisition, even if they have lots of cash on the books. He wouldn’t count on bumping dividends if they are going to be this constrained on capital. We are in a slow global economic recovery. We are going to moderate and continue on at a slower rate.
They had problems with some of their production in Spain and Portugal. Good copper producer and good zinc assets. If you like the base metals it’s a good play. Prefers some of the others in the sector.
Warming up to it. Natural gas seems to have gone through the moderating period. It could get a real premium valuation in here. He has been adding recently to the name.
It’s slow growth and not a lot of opportunities for a great increase in the price. If you are buying it for the dividend, then great. Dividend is safe. It’s fairly priced.
There is a worry about commercial property in general. The REITs in general had a fantastic move off the bottom, so there is not much room for growth here.
It will be higher in a couple of years. He believes in the management. Great diversity. Great levered play on the Canadian market and economy. Good story with lots of life left in it.
It is sacrilegious to go against Warren Buffet. If you want to buy it for 5 to 10 years, you don’t know he will continue running it. The best years of this company are behind it, not ahead of it. The re-insurance business doesn’t look that good. The valuations are high. You probably wont go wrong with the company.
They will benefit from Toyota’s problem to some extent. Doesn’t like auto sector except for Magna, but if he was to buy this sector, it would be this stock.
Is surprised they aren’t doing better. They had some great updates on the properties recently. Gold and copper properties are delivering. It looks like a good growth story and looks cheap. They are delivering.
The integration is slow. It was a tough one to put together. Suncor was a great operator and Petro Canada was an underutilized resource. In the end it is probably a good combination. Thinks it will work out.
Owned it from very early on and trades in and out. Great growth story. They’ve been able o fend off the completion very well. Biggest risk is competitive.