Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
December 11, 2013

(Market Call Minute.) A higher risk sort of name. New CEO. There will be a lot of new plans coming out. Has heard that they are high grading the mine and he is very encouraged with what he is seeing. Still a fair amount of risk.

Kirkland Lake Gold (KL-T)
December 11, 2013

(Market Call Minute.) A higher risk sort of name. New CEO. There will be a lot of new plans coming out. Has heard that they are high grading the mine and he is very encouraged with what he is seeing. Still a fair amount of risk.

Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$2.440
Owned
Yes
DON'T BUY
DON'T BUY
December 11, 2013

Has not bought this, but some clients brought some in with their accounts. He has been focusing on other players in the mining sector. Their big project, Ambatovy, in Madagascar is almost a make or break project for them. There have been a bit of cost escalations there along with some delays. On a price basis, the stock looks very, very cheap. There are other, more diversified plays that he would prefer. (See Top Picks.)

Has not bought this, but some clients brought some in with their accounts. He has been focusing on other players in the mining sector. Their big project, Ambatovy, in Madagascar is almost a make or break project for them. There have been a bit of cost escalations there along with some delays. On a price basis, the stock looks very, very cheap. There are other, more diversified plays that he would prefer. (See Top Picks.)

Michael Sprung
President, Sprung Investment Management
Price
$3.090
Owned
Yes
DON'T BUY
DON'T BUY
December 11, 2013

Payout has been in excess of 100% which is not sustainable. A lot of analysts are projecting that next year the payout should drop to below 100% with the possibility of it dropping to 65% in a few years. Still a very high level. Last few quarters have not been great. He prefers Enercare (ECI-T).

Just Energy Group (JE-T)
December 11, 2013

Payout has been in excess of 100% which is not sustainable. A lot of analysts are projecting that next year the payout should drop to below 100% with the possibility of it dropping to 65% in a few years. Still a very high level. Last few quarters have not been great. He prefers Enercare (ECI-T).

Michael Sprung
President, Sprung Investment Management
Price
$7.620
Owned
Unknown
BUY
BUY
December 11, 2013

Things seem to be working out fairly well for this company, particularly with the installation of the smart meters they have been doing. 7% yield.

EnerCare Inc (ECI-T)
December 11, 2013

Things seem to be working out fairly well for this company, particularly with the installation of the smart meters they have been doing. 7% yield.

Michael Sprung
President, Sprung Investment Management
Price
$9.840
Owned
Yes
COMMENT
COMMENT
December 11, 2013

Likes this gold company because it is so well-run, a fairly lower cost producer and has a fairly good production profile going forward. Tries to limit his holdings in gold to 5% or less.

Goldcorp Inc (G-T)
December 11, 2013

Likes this gold company because it is so well-run, a fairly lower cost producer and has a fairly good production profile going forward. Tries to limit his holdings in gold to 5% or less.

Michael Sprung
President, Sprung Investment Management
Price
$22.420
Owned
Yes
HOLD
HOLD
December 11, 2013

Sell Bonavista (BNP-T) and buy Enerplus (ERF-T)? Bonavista has done relatively better and has always been a well-run company so he would hesitate to leave this one. Still pays a pretty decent dividend yield of a little over 6%. About 80% natural gas, so it has been penalized to some extent. Very good properties and extremely well managed.

Sell Bonavista (BNP-T) and buy Enerplus (ERF-T)? Bonavista has done relatively better and has always been a well-run company so he would hesitate to leave this one. Still pays a pretty decent dividend yield of a little over 6%. About 80% natural gas, so it has been penalized to some extent. Very good properties and extremely well managed.

Michael Sprung
President, Sprung Investment Management
Price
$13.530
Owned
No
COMMENT
COMMENT
December 11, 2013

Sell Bonavista (BNP-T) and buy Enerplus (ERF-T)? Bonavista has done relatively better and has always been a well-run company so he would hesitate to leave it.

Enerplus Corp (ERF-T)
December 11, 2013

Sell Bonavista (BNP-T) and buy Enerplus (ERF-T)? Bonavista has done relatively better and has always been a well-run company so he would hesitate to leave it.

Michael Sprung
President, Sprung Investment Management
Price
$19.270
Owned
No