In the last 6 months, the mine might be an awful lot better and bigger than anybody would have thought. The “go to” name in the industry today, but a lot of that is now being discounted.

(Market Call Minute.) Where it is in lots of places in the world, it is problematic. With yellow flags on it, he is just going to stay away for the time being.

(Market Call Minute.) The valuation on the stock given bulk commodities, it is still at risk given China’s future.

(Market Call Minute.) Copper has finally had its bounce and is not bouncing very nicely. If China really has an issue, there are a lot of yellow flags on this.

(Market Call Minute.) Has said for 10 years that if it ever got to $15 he would look very seriously of buying it. It is close to the point where it is getting interesting.

Hasn’t owned this for years. Thinks their issues are being addressed. They took their free cash flow and invested it in power, but it didn’t work out the way they had hoped. This is a really good gas transportation business. Recently received permits to start construction on the Coastal GasLink pipeline. We are being transformed in the next decade to a natural gas economy. Dividend yield of 4.36%.

Sold down stocks, but still wants to maintain the 10% exposure to energy. He doesn’t expect a lot from this, but thinks he can get an 8%-10% rate of return over the next year. Dividend yield of 6.2%.