BUY

Which pipelines should he buy? His favourites have been in the juniors, Pembina (PPL-T) and Inter Pipeline (IPL-T). Likes these because they operate virtually all in Alberta and somewhat in Saskatchewan and BC. They don’t face the kind of political problems that the larger ones do. Will probably show better growth in a reasonable market and he would say either of these 2. They give reasonable dividends and good growth potential.

BUY

Which pipelines should he buy? His favourites have been in the juniors, Pembina (PPL-T) and Inter Pipeline (IPL-T). Likes these because they operate virtually all in Alberta and somewhat in Saskatchewan and BC. They don’t face the kind of political problems that the larger ones do. Will probably show better growth in a reasonable market and he would say either of these 2. They give reasonable dividends and good growth potential.

BUY

This has tended to be a favourite in the US which is probably one of the reasons why it has been pounded so badly. It has a lot of heavy oil and that is where price stability is these days. Thinks it is in a Buy range here.

DON'T BUY

Has never been particularly positive on this one. They have a lot of time to put in before the oil starts to come out of the ground. They also seem to be on the edge of the cliff with their financing from China. There are lots of other companies that are in production and showing earnings and giving a yield.

BUY

This has been a great growth stock. It always seems somewhat expensive. Has bounced off the $90 level once and is back down to it again today. Wouldn’t be surprised if it bounces again. This is probably as good a time to step in here as you are going to get.

DON'T BUY

He had held a little bullion ETF and had become quite discouraged. With the strength in the US$, which seemingly acts directly against gold and with no evidence that the $ is going to get any weaker, he has backed away from the whole area.

DON'T BUY

They use high-pressure water, rather than mechanical means, to tunnel. This means it can be sent into sensitive areas. Have been very good at it. Unfortunately, the technology is not patentable. People can build a big truck with a pressure pump and do the same job, which is exactly what other people are doing. Have lots of competition which is eating into their margins.

BUY

Not a bad time to buy this one. It has a reasonable yield. A good, safe, long-term investment. Good management.

N/A

Stop Losses to lock in profits? He has tried using these in the past, but has never been successful with them. For somebody managing their own portfolios, it is very tricky. His experience was that if the market sold off for any reason (sometimes it can be quite irrational) the stock would go down, you would get taken out and the stock would bounce right back up.

WAIT

Drillers have performed quite poorly, and this was even before the major selloff started. This looked really quite expensive in the summer. He is not sure that it has hit bottom yet. The drillers have to stabilize and build a bit of a base here, and he does not see that yet.

DON'T BUY

Not one of his favourites. The problem is that it seems to have an aging infrastructure. They have fires and explosions. There always seems to be something going wrong. Have lots of capital requirements in the future that concern him. Prefers others.