Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 4, 2012
Lukewarm on the lifecos. They've had a pretty good run from the beginning of the year. Given the increase in 10 year yields, it doesn't translate into an increase in share price. There will be better opportunities. Dividend is likely sustainable, but certainly not growing.
Lukewarm on the lifecos. They've had a pretty good run from the beginning of the year. Given the increase in 10 year yields, it doesn't translate into an increase in share price. There will be better opportunities. Dividend is likely sustainable, but certainly not growing.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$23.280
Owned
Unknown
DON'T BUY
DON'T BUY
April 4, 2012
Her concern is the high level of margins and in a very competitive business the product is not particularly proprietary. Expects to see a lot of new competition coming in, which will put some downward pressure on margins. Trading at around 7X compared to peers at around 3 or 4. 8% yield.
Her concern is the high level of margins and in a very competitive business the product is not particularly proprietary. Expects to see a lot of new competition coming in, which will put some downward pressure on margins. Trading at around 7X compared to peers at around 3 or 4. 8% yield.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$13.440
Owned
No
BUY
BUY
April 4, 2012
Very high quality oil weighted company. Attractive 6.6% dividend, which is sustainable. Manage their balance sheet and production quite well. Fairly active aging program. Payout ratio of only 52%.
Very high quality oil weighted company. Attractive 6.6% dividend, which is sustainable. Manage their balance sheet and production quite well. Fairly active aging program. Payout ratio of only 52%.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$41.860
Owned
Yes
DON'T BUY
DON'T BUY
April 4, 2012
Sold her holdings about 1.5 years ago. Very solid dividend yield of about 10% but there is concern about the sustainability of it. Very large capital program of about $800 million this year. Have high-quality assets but they do require a fair amount of capital to get the growth and production.
Enerplus Corp (ERF-T)
April 4, 2012
Sold her holdings about 1.5 years ago. Very solid dividend yield of about 10% but there is concern about the sustainability of it. Very large capital program of about $800 million this year. Have high-quality assets but they do require a fair amount of capital to get the growth and production.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$20.980
Owned
No
HOLD
HOLD
April 4, 2012
Very stable business and feels the dividend is secure. Regulated by the Ontario Ministry of Health saw has a very stable cash flow stream. About 90% payout ratio. Growth opportunities are limited so doesn't expect a ton of growth. 7.1% yield.
Very stable business and feels the dividend is secure. Regulated by the Ontario Ministry of Health saw has a very stable cash flow stream. About 90% payout ratio. Growth opportunities are limited so doesn't expect a ton of growth. 7.1% yield.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$10.500
Owned
Yes
HOLD
HOLD
April 4, 2012
Share price performance will be somewhat range bound over the next few months because there has to be some resolution on items such as the northern leg of Keystone as well as the ruling on the tolls on the mainline. Also having discussions around the New York power market. Once these issues are resolved you will see some decent price appreciation.
TC Energy (TRP-T)
April 4, 2012
Share price performance will be somewhat range bound over the next few months because there has to be some resolution on items such as the northern leg of Keystone as well as the ruling on the tolls on the mainline. Also having discussions around the New York power market. Once these issues are resolved you will see some decent price appreciation.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$43.500
Owned
Yes
PARTIAL BUY
PARTIAL BUY
April 4, 2012
Very high quality holding. On a valuation perspective, it is not cheap but looking at the operating fundamentals and the growth pipeline there is visible growth in the underlying distribution and cash flow stream, so not a bad time to pick away.
Very high quality holding. On a valuation perspective, it is not cheap but looking at the operating fundamentals and the growth pipeline there is visible growth in the underlying distribution and cash flow stream, so not a bad time to pick away.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$26.300
Owned
Yes