DON'T BUY
BRIC ETF. Feels there are better ways to get access to the underlying exposure. Because this one holds ADRs, it is limited in the range of companies it can hold. The mix is very different from market capitalization weighted mix.
COMMENT
Big play in Asia off China, which they may spin off. Great dividend. Negotiating with Chevron (CVX-N) to possibly pick up a big refinery in BC. Likes all these things but doesn't know why it is struggling.
DON'T BUY
Issuing debt to buy some gas property, which could cause some dilution. One of the class acts among the gassier trusts. Strong balance sheet. Concerned with its exposure to gas.
DON'T BUY
Merging with FNX Mining (FNX-T) and planning on making acquisitions. Nice to see an emerging national champion but from an investment standpoint, acquisitive companies often pay a lot so it is possible they could overpay and destroyed shareholder value.
DON'T BUY
Strong franchise in property and casualty insurance. Well run. Assessing insurance companies is always difficult because they combine both an underwriting operation and a portfolio management operation. Probably reasonably priced but would prefer a more diversified exposure to the financial sector such as an ETF.