BUY ON WEAKNESS
Opportune time to start looking at natural gas. Expects gas prices to do better between now and early next year. Do you want big producers or would you prefer to be paid while you wait? His strategy is to get paid while waiting so prefers Enerplus (ERF.UN-T) with the 9% yield or Vermilion (VET.UN-T) with 6%-7% yield.
HOLD
Has been particularly disappointing. Supposed to be a growth stock and integration of the Australian acquisition was slower than expected. Still think it's a strategic move. Likes the agriculture sector. Expect it will take till next year for earnings to start to fire up.
TOP PICK
Likes the sector. Sees this as a core position and buys on pullbacks. Distribution of 8% could be cut as they haven't earned it in the last quarter but is still worth owning, as the business itself is very solid.
TOP PICK
Has done a strategic job of getting into the US market and operating their acquisitions. He is buying below $70. There is no rush.
TOP PICK
Likes their core business and have owned them for years. Buying below $49. Loan loss provisions are coming down and the key banking part is good.
WATCH
Almost at the point where you wonder if it's as a value play. External forces of competition and political pressures have been problems. He would wait until the dust settles.
COMMENT
Cenovus (CVE-T) versus Canadian Natural Resources (CNQ-T)? Both are good companies and both oil oriented with conventional and crude. He prefers something with a significant yield so he owns Canadian Oil Sands (COS.UN-T) instead. (See Top Picks.)
COMMENT
Cenovus (CVE-T) versus Canadian Natural Resources (CNQ-T)? Both are good companies and both oil oriented with conventional and crude. He prefers something with a significant yield so he owns Canadian Oil Sands (COS.UN-T) instead. (See Top Picks.)
BUY ON WEAKNESS
His overview on the market is that you don't have to chase anything. It will back and fill giving you an opportunity. September-October seasonally are not the best months for the stock market historically.
PARTIAL SELL
Strategically, when things move up, you can trim a little and keep the core position if you like it. He is positive on the emerging markets and this is a major shipper for that.
DON'T BUY
Hasn't owned for several years. Doesn't know if it is worth the risk at this price. Not worth chasing. Prefers Great West (GWO-T), which has a 5% yield.
COMMENT
More bullish on the Canadian banking sector now with the improving balance sheets and lower loan loss provisions. Very good, solid domestic bank but he prefers others. (See Top Picks.)
PAST TOP PICK
(A Top Pick Dec 3/09. Up 181%.) Vehicle loans. Use GPS on the cars they finance and loan losses are coming down very rapidly. Takeover candidate. Still a buy.
PAST TOP PICK
(A Top Pick Dec 3/09. Down 21%.) Sold his holdings at about $1.75 (up 9%) after a poor Q1 showing. Expecting a good comeback in 2011.
PAST TOP PICK
(A Top Pick Dec 3/09. Down 8%.) Got this one wrong but still likes. Good dividend.