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There are 2 Canadian companies that are focused around directional drilling, this one and Phoenix (PCO-X). Over the long-term, both companies have done very well but in the last 5 years, Phoenix has seemed to out execute Cathedral. Before you invest in any energy/resource type company, you have to be looking at what is going on in resource pricing or resource activity. This current pullback could be a buying opportunity.
Doesn’t own any banks because he has found better opportunities elsewhere. He is neutral on banks. Looking at the yield curve and the spreads, it is a tough environment right now. Doesn’t see a lot of fundamentals for strong profit growth. There will be a pickup in lending, which is good for banks. Feels there are better places elsewhere.
(A Top Pick Sept 4/13. Up 33.6%.) Cautious to the overall energy sector right now and this is his biggest holding. A really, really well run company. Most money has been made by guys who provide the services. This company innovated the whole remote accommodation industry by coming up with the concept of executive camps and have out executed their competitors. This is in the backdrop of the concept of Canadian oil sands going from 1.5 million barrels a day to 3 million barrels, which will require a lot of picks and shovels along with people and places for them to sleep. There will be more good news.
(A Top Pick Sept 4/13. Down 14.29%.) Would characterize this as the most exciting stock in his portfolio. Their majority owned subsidiary, Acasti Pharmaceuticals (APO-X) is developing a revolutionary cholesterol/glycerids treatment (CaPre) and have to finance to raise money for a phase 3 trial. Feels both companies are table pounding buys. Stocks have been beaten up on short-term concerns. Expects them both to double or triple in the next year.
You have to have an outlook on what you think silver is going to do. This is precious metals, primarily gold and silver. Thinks gold and silver are going lower before they go higher. Doesn’t have the CapX requirements that mining companies do, so if you want to invest in these commodities, this is a better company to do it in as it is more defensive. He would stay away from the sector.
Out of all the Canadian banks, this would be his Top Pick. From a long-term perspective, they have outperformed all their competitors. Really well-run bank. Moderately bullish on banks, but you buy them when they have pullbacks. This one is trading near a 52-week high. He sees better opportunities elsewhere.
A very exciting company. There are huge gaps in communication coverage for planes that are flying globally. This company has enhanced the current black boxes, making them much more robust and installed a continuous communication platform that goes through the satellite systems, giving continuous communication. Stock is starting to act very, very well. Have been working with the Chinese for quite some time. This is becoming a standard in the Chinese industry. In 2014, you will see a real acceleration in their revenues and profitability.