Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
September 23, 2013

Not a bad company but, when there was a hint of higher interest rates coming, the stock dropped dramatically. Has other growth prospects and is doing a good job. Feels it was overdone.

Emera Inc (EMA-T)
September 23, 2013

Not a bad company but, when there was a hint of higher interest rates coming, the stock dropped dramatically. Has other growth prospects and is doing a good job. Feels it was overdone.

David Cockfield
Managing Director, Northland Wealth Management
Price
$29.590
Owned
Yes
DON'T BUY
DON'T BUY
September 23, 2013

Over the last while, they have made progress but they were in a pretty deep hole. Feels there was a lot of speculative money that went into to the stock. On a multiple basis, it looks very expensive. Have some opportunities in the Orient, but there are risks attached to that. Yield is not that exciting. He would prefer Power Financial (PWF-T) or Sun Life (SLF-T) instead. If looking for yield, you could probably get a lot more out of bank stocks with a lot less risk.

Manulife Financial (MFC-T)
September 23, 2013

Over the last while, they have made progress but they were in a pretty deep hole. Feels there was a lot of speculative money that went into to the stock. On a multiple basis, it looks very expensive. Have some opportunities in the Orient, but there are risks attached to that. Yield is not that exciting. He would prefer Power Financial (PWF-T) or Sun Life (SLF-T) instead. If looking for yield, you could probably get a lot more out of bank stocks with a lot less risk.

David Cockfield
Managing Director, Northland Wealth Management
Price
$17.130
Owned
No
COMMENT
COMMENT
September 23, 2013

This company has been acting very well. A favourite of American investors. When they decide to invest in the energy sector in Canada, this one tends to pop up to the top of the list. If you are not in the oil sector at all, this is probably not a bad investment. 2.1% dividend yield.

Suncor Energy Inc (SU-T)
September 23, 2013

This company has been acting very well. A favourite of American investors. When they decide to invest in the energy sector in Canada, this one tends to pop up to the top of the list. If you are not in the oil sector at all, this is probably not a bad investment. 2.1% dividend yield.

David Cockfield
Managing Director, Northland Wealth Management
Price
$36.980
Owned
No
DON'T BUY
DON'T BUY
September 23, 2013

In the gas side of the business and it is a tough business to be in. You can’t really see a lot of growth in these companies, given the new, cheap gas that is coming on. 4.6% yield.

Encana Corp (ECA-T)
September 23, 2013

In the gas side of the business and it is a tough business to be in. You can’t really see a lot of growth in these companies, given the new, cheap gas that is coming on. 4.6% yield.

David Cockfield
Managing Director, Northland Wealth Management
Price
$17.980
Owned
No
DON'T BUY
DON'T BUY
September 23, 2013

Owns this and considers it a problem child in his portfolio. Has been struggling. Their coal-fired plants out West are facing replacement requirements. They just don’t seem to have a lot going for them. Keeps hoping they will cut a better deal in Alberta to give them a little bit more wiggle room. Dividend of about 7%. There have been times in the past when they have not earned their dividend but continued to pay. Expects this will be the pattern in the future. Getting a little concerned that if we don’t see any improvement in operating levels, at some point in time that dividend could be in danger.

Transalta Corp (TA-T)
September 23, 2013

Owns this and considers it a problem child in his portfolio. Has been struggling. Their coal-fired plants out West are facing replacement requirements. They just don’t seem to have a lot going for them. Keeps hoping they will cut a better deal in Alberta to give them a little bit more wiggle room. Dividend of about 7%. There have been times in the past when they have not earned their dividend but continued to pay. Expects this will be the pattern in the future. Getting a little concerned that if we don’t see any improvement in operating levels, at some point in time that dividend could be in danger.

David Cockfield
Managing Director, Northland Wealth Management
Price
$13.560
Owned
Yes
DON'T BUY
DON'T BUY
September 23, 2013

Sold his holdings. Became very concerned about the apparent lack of control with the big Argentine/Chile project. There were environmental aspects that the company seemed to ignore.

Barrick Gold (ABX-T)
September 23, 2013

Sold his holdings. Became very concerned about the apparent lack of control with the big Argentine/Chile project. There were environmental aspects that the company seemed to ignore.

David Cockfield
Managing Director, Northland Wealth Management
Price
$18.880
Owned
No
DON'T BUY
DON'T BUY
September 23, 2013

Got out of the stock when they got into Madagascar as he felt there was too much to be spent. It was a huge project in a potentially unstable political environment. The positive side was that they had some super partners. Still doesn’t think it is clear enough for him to step back in. He wants to see how they operate, and if the politics settles down.

Got out of the stock when they got into Madagascar as he felt there was too much to be spent. It was a huge project in a potentially unstable political environment. The positive side was that they had some super partners. Still doesn’t think it is clear enough for him to step back in. He wants to see how they operate, and if the politics settles down.

David Cockfield
Managing Director, Northland Wealth Management
Price
$3.760
Owned
No