Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
September 11, 2013

Manitoba Tel (MBT-T) or Telus (T-T)? The market has now changed a little bit in its outlook since interest rates have started to rise. On the equity side, you can’t just buy something for yield anymore because the stock price might go down because we need a higher yield to price the stock in a higher interest rate environment. Therefore, you need yield plus growth. Today, this has better growth than Manitoba Tel.

Telus Corp (T-T)
September 11, 2013

Manitoba Tel (MBT-T) or Telus (T-T)? The market has now changed a little bit in its outlook since interest rates have started to rise. On the equity side, you can’t just buy something for yield anymore because the stock price might go down because we need a higher yield to price the stock in a higher interest rate environment. Therefore, you need yield plus growth. Today, this has better growth than Manitoba Tel.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$33.470
Owned
No
COMMENT
COMMENT
September 11, 2013

Excellent flow results coming out of the 1st well from Stela. There are 4 being drilled. This justifies the $3+ NAV so it is one of the cheapest. You are paying about 1.5X cash flow which is ridiculously cheap. But, it’s North sea so it is riskier and it is $20 million a well. This will be quiet now for a couple of months.

Ithaca Energy Inc. (IAE-T)
September 11, 2013

Excellent flow results coming out of the 1st well from Stela. There are 4 being drilled. This justifies the $3+ NAV so it is one of the cheapest. You are paying about 1.5X cash flow which is ridiculously cheap. But, it’s North sea so it is riskier and it is $20 million a well. This will be quiet now for a couple of months.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$2.350
Owned
Yes
HOLD
HOLD
September 11, 2013

A Junior mine in northern Ontario, which has a graphite deposit of 99% pure graphite so they don’t have to spend money on an upgrader. Has been a great performer. They are waiting for the 43101 resource in October and a PEA in the 1st quarter next year. That will help to grasp numbers as to how big this resource really is. Now we just need the drilling and size to confirm and the stock will lift again if the number is good.

Zenyatta Ventures Ltd (ZEN-X)
September 11, 2013

A Junior mine in northern Ontario, which has a graphite deposit of 99% pure graphite so they don’t have to spend money on an upgrader. Has been a great performer. They are waiting for the 43101 resource in October and a PEA in the 1st quarter next year. That will help to grasp numbers as to how big this resource really is. Now we just need the drilling and size to confirm and the stock will lift again if the number is good.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$3.560
Owned
Yes
BUY
BUY
September 11, 2013

This is doing a consolidation of 1 for 5 and turning itself into a dividend company after an acquisition at the same time. A little expensive on a multiple basis but management has a very good track record and expects you will see pretty good cash flow growth. He would agree with a $2 target over the next 12 months.

Torc Oil & Gas Ltd (TOG-T)
September 11, 2013

This is doing a consolidation of 1 for 5 and turning itself into a dividend company after an acquisition at the same time. A little expensive on a multiple basis but management has a very good track record and expects you will see pretty good cash flow growth. He would agree with a $2 target over the next 12 months.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$1.800
Owned
Yes
COMMENT
COMMENT
September 11, 2013

Dependent on the price of silver, but at the same time it is a royalty company with fixed costs of roughly $4.06 an ounce. It will be profitable, but how profitable will be totally dependent on how high silver goes. Would prefer this one to owning silver itself. Thinks there is some growth here over time. Well managed.

Dependent on the price of silver, but at the same time it is a royalty company with fixed costs of roughly $4.06 an ounce. It will be profitable, but how profitable will be totally dependent on how high silver goes. Would prefer this one to owning silver itself. Thinks there is some growth here over time. Well managed.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$26.180
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 11, 2013

(A Top Pick Oct 15/12. Up 11.32%.) Still likes. Pulled back with the interest-rate adjustment. Fits into his definition of yield plus growth. Thinks there is 8%-10% of earnings growth and they’ll raise the dividend over time.

Enbridge (ENB-T)
September 11, 2013

(A Top Pick Oct 15/12. Up 11.32%.) Still likes. Pulled back with the interest-rate adjustment. Fits into his definition of yield plus growth. Thinks there is 8%-10% of earnings growth and they’ll raise the dividend over time.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$42.420
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 11, 2013

(A Top Pick Oct 15/12. Down 4.6%.) About 7.5% yield. Has 10-20 years of growth coming. They were making too many acquisitions and diluting the stock and now they have finally stopped and it looks way better. Still likes it. Thinks it will get to the mid-$40s a year from now.

(A Top Pick Oct 15/12. Down 4.6%.) About 7.5% yield. Has 10-20 years of growth coming. They were making too many acquisitions and diluting the stock and now they have finally stopped and it looks way better. Still likes it. Thinks it will get to the mid-$40s a year from now.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$37.890
Owned
Yes