Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
July 27, 2016

Whitecap (WCP-T), Crescent Point (CPG-T) or Cardinal Energy (CJ-T)? A really great company and doing a really great job. Low cost oil. Very focused plays. However, if you beat it up and you really have oil sit at $15, it gets in trouble. It looks like they want to build a big company, but are really paying up for things.

Whitecap (WCP-T), Crescent Point (CPG-T) or Cardinal Energy (CJ-T)? A really great company and doing a really great job. Low cost oil. Very focused plays. However, if you beat it up and you really have oil sit at $15, it gets in trouble. It looks like they want to build a big company, but are really paying up for things.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$8.860
Owned
No
COMMENT
COMMENT
July 27, 2016

This is in his group of great companies. Gas price has just had this run because of the hot summer weather, so he would wait. They don’t have a lot of debt and have about $1 billion of hard asset value, such as pipes and plants. However, on cash flow at this gas price, they are still committed to spending $1.1 billion, and the cash flow 6 weeks ago look like it was going to be $600 million. Gas price needs to go higher. Sold his holdings into this run, and moved his money into TransCanada (TRP-T).

This is in his group of great companies. Gas price has just had this run because of the hot summer weather, so he would wait. They don’t have a lot of debt and have about $1 billion of hard asset value, such as pipes and plants. However, on cash flow at this gas price, they are still committed to spending $1.1 billion, and the cash flow 6 weeks ago look like it was going to be $600 million. Gas price needs to go higher. Sold his holdings into this run, and moved his money into TransCanada (TRP-T).

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$32.440
Owned
No
COMMENT
COMMENT
July 27, 2016

He prefers something like Vermilion which doesn’t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.

He prefers something like Vermilion which doesn’t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$7.190
Owned
No
COMMENT
COMMENT
July 27, 2016

(Market Call Minute.) It is unbelievable how well the stock has done. This is on his very short list of companies he would own, given the right environment. A lot of the assets are in the US. If the Cdn$ gets to the right price and he can get this on a bad day, he would absolutely own it.

(Market Call Minute.) It is unbelievable how well the stock has done. This is on his very short list of companies he would own, given the right environment. A lot of the assets are in the US. If the Cdn$ gets to the right price and he can get this on a bad day, he would absolutely own it.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$12.160
Owned
No
COMMENT
COMMENT
July 27, 2016

(Market Call Minute.) This is a fantastic collection of assets. It has a weird payout if you own outside of an RSP. Prefers and owns Brookfield Asset Management (BAM-N).

(Market Call Minute.) This is a fantastic collection of assets. It has a weird payout if you own outside of an RSP. Prefers and owns Brookfield Asset Management (BAM-N).

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$60.240
Owned
No
COMMENT
COMMENT
July 27, 2016

(Market Call Minute.) He would own the bonds, not the stocks, at this level.

(Market Call Minute.) He would own the bonds, not the stocks, at this level.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$18.940
Owned
Unknown
COMMENT
COMMENT
July 27, 2016

(Market Call Minute.) There is not enough disclosure for him to be comfortable with. Everybody should own it, if it had disclosure.

Hydro One (H-T)
July 27, 2016

(Market Call Minute.) There is not enough disclosure for him to be comfortable with. Everybody should own it, if it had disclosure.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$25.820
Owned
No