DON'T BUY

(Market Call Minute.) Potash prices remain under pressure and he thinks they will be for some time.

BUY

(Market Call Minute.) Seems to have improving fundamentals recently and is one that he would look at with its current price. Have made great improvements operationally.

COMMENT

(Market Call Minute.) This has done extremely well. Excellent management.

COMMENT

(Market Call Minute.) Very well managed company. Has always run a little bit ahead of what he was willing to pay.

HOLD

(Market Call Minute.) They are getting closer and closer to actually having cash flow to cover their distribution.

TOP PICK

The setback today certainly provides a good buying opportunity. The 3rd largest natural gas producer in North America. Today they announced they are going to diversify much more into liquids and do it fairly rapidly over the next few years. Maintaining credit rating is a priority for them as well as the integrity of the balance sheet.

TOP PICK

Right now we have a very competitive landscape, particularly in Ontario. Loblaw’s (L-T) is recovering from a few years of a large capital spending program. Thinks there will be some efficiency in this. The pullback in the stock price is a real opportunity. Have a lot of cash.