TOP PICK
Pumps, valves and sealants for companies involved in shipping or transporting of fluids or solids. Heavily involved in power plants, chemical industry, power (including nuclear) and water. Third of their business is in North America and the rest is in the Middle East, Asia, Latin America, etc.
TOP PICK
75% of activity is focused in water purification, conservation and anything in water infrastructure. Recently acquired a couple of Canadian engineering firms.
TOP PICK
A pure uranium play so you don’t have to worry about production rates, grades being mined and costs.
BUY
Terrific company. Tremendous interest in General Motors’ (GM-N) IPO will rub off on Ford. We are in a long term recovery cycle for automobiles and the peak won’t come until about 2013, 2014.
DON'T BUY
Stock is fully priced. At $0.21 a share of cash flow, 10X is the maximum you would want to pay.
PAST TOP PICK
(A Top Pick Nov 2/09. Up 56.05%.) Still a Buy.
PAST TOP PICK
(A Top Pick Nov 2/09. Up 17.46%.) Still a Buy
PAST TOP PICK
(A Top Pick Nov 2/09. Up 76.92%.) Still a Buy
BUY
One of his favourites. Expecting very handsome dividend increases over the next 12 months.
SELL
Have had a hard time in the marketing side of refined products and margins have been squeezed. Distribution is suspect. Use as a tax-loss.
BUY
Sold his holdings when they ran into problems with local First Nations Groups, which created a 3-4 year delay in getting the project developed. A fantastic uranium property with great reserves. Started developing gold assets out west at that time, so if you like gold and uranium, which he does, it’s a Buy..
BUY
One of his 4 favourites. Focusing on 3 areas in Alberta and doing a lot of horizontal drilling. (The other 3 are Arc (AET.UN-T), Bonavista (BNP.UN-T) and Crescent Point (CPG-T).
BUY
Likes uranium as a commodity. There have been sharp pickups in spot prices recently and expects this will go higher. (See Top Picks.)
HOLD
Expecting gold to go substantially higher. This one is no longer hedged so senior money will be moving in here but expects a lot of money will be looking for intermediate and junior golds. He likes S&P/TSX Global Gold (XGD-T) and Yamana (YRI-T).
COMMENT
Rails continue but at a very low margin. Business jets are picking up, which will be very helpful. The wild card has to be the C7s. Until there is some clarity on that, he will stay on the sidelines.