Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 22, 2012
Has always been a really well run bank. The only issue he has is that on the last conference call, senior management was a little more cautious on their outlook. Also, with the low interest rates, the bank margins will be compressed. Long growth is going to be better-than-average compared to some of the bigger banks but the market has already recognize that. Very little upside potential so he prefers other banks. (See Top Picks.)
Has always been a really well run bank. The only issue he has is that on the last conference call, senior management was a little more cautious on their outlook. Also, with the low interest rates, the bank margins will be compressed. Long growth is going to be better-than-average compared to some of the bigger banks but the market has already recognize that. Very little upside potential so he prefers other banks. (See Top Picks.)
Steve Carlin
Senior Vice President & Head of Equities, Aegon Capital Management
Price
$27.700
Owned
Unknown
TOP PICK
TOP PICK
February 22, 2012
Do lots of equity issues to finance growth but have been able to deliver growth over the last couple of years. Expecting production to grow by 15% this year and 10% next year. 90% oil. 6.1% dividend yield.
Do lots of equity issues to finance growth but have been able to deliver growth over the last couple of years. Expecting production to grow by 15% this year and 10% next year. 90% oil. 6.1% dividend yield.
Steve Carlin
Senior Vice President & Head of Equities, Aegon Capital Management
Price
$45.760
Owned
Yes
TOP PICK
TOP PICK
February 22, 2012
In a low interest-rate environment, he sees valuations for investment properties and real estate continuing to get better and better. Wal-Mart is a very large tenant. Have strong leases backing their properties. Very strong dividend yield.
Smart REIT (SRU.UN-T)
February 22, 2012
In a low interest-rate environment, he sees valuations for investment properties and real estate continuing to get better and better. Wal-Mart is a very large tenant. Have strong leases backing their properties. Very strong dividend yield.
Steve Carlin
Senior Vice President & Head of Equities, Aegon Capital Management
Price
$27.310
Owned
Yes
TOP PICK
TOP PICK
February 22, 2012
Highest dividend yield of all the banks. Good chance they may give some thought to increasing dividends. Made a fairly significant acquisition in the US Midwest, which will be a very good platform for growth through 2012-2014. Expect there earnings will be slightly better than other Canadian banks. Trades below 10X earnings.
Bank of Montreal (BMO-T)
February 22, 2012
Highest dividend yield of all the banks. Good chance they may give some thought to increasing dividends. Made a fairly significant acquisition in the US Midwest, which will be a very good platform for growth through 2012-2014. Expect there earnings will be slightly better than other Canadian banks. Trades below 10X earnings.
Steve Carlin
Senior Vice President & Head of Equities, Aegon Capital Management
Price
$58.300
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 22, 2012
(A Top Pick Feb 10/11. Down 4.62%.) Very good long-term grower. Will grow their production tenfold between now and 2020. Very layered manufacturing process. Good economics on the SAGD. Targeted $54.
MEG Energy Corp (MEG-T)
February 22, 2012
(A Top Pick Feb 10/11. Down 4.62%.) Very good long-term grower. Will grow their production tenfold between now and 2020. Very layered manufacturing process. Good economics on the SAGD. Targeted $54.
Steve Carlin
Senior Vice President & Head of Equities, Aegon Capital Management
Price
$44.200
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 22, 2012
(A Top Pick Feb 10/11. Down 18.89%.) Target of $52.
Magna Int'l. (A) (MG-T)
February 22, 2012
(A Top Pick Feb 10/11. Down 18.89%.) Target of $52.
Steve Carlin
Senior Vice President & Head of Equities, Aegon Capital Management
Price
$45.450
Owned
Yes
BUY
BUY
February 22, 2012
(A Top Pick Feb 10/11. Up 5.01%.) Incredibly well-positioned Canadian-based company. The big knock is that it primarily produces natural gas, which has put the stock in the penalty box. A low-cost producer. Have a million acres of land. If interested in gas, this would be the one to own. Will stay weak for the next 6 to 9 months.
Tourmaline Oil Corp (TOU-T)
February 22, 2012
(A Top Pick Feb 10/11. Up 5.01%.) Incredibly well-positioned Canadian-based company. The big knock is that it primarily produces natural gas, which has put the stock in the penalty box. A low-cost producer. Have a million acres of land. If interested in gas, this would be the one to own. Will stay weak for the next 6 to 9 months.
Steve Carlin
Senior Vice President & Head of Equities, Aegon Capital Management
Price
$25.330
Owned
Yes