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They are not getting ahead. It should be okay, but you have to manage the balance sheet and the capital structure and so far they are not doing a good job of that.

There was controversy with the management and a new CEO cleaned it all up. He is looking to buy it all back. There were a lot of one time charges on the last quarterly results. It is probably a takeover target from a bigger player.

It is not a mining company, but a project generator. The CEO has done this for 25 years. He then sells off projects to companies that try to turn them into mines. He gets stock and a royalty in exchange. He has about a 160 properties. Some day the CEO will want to sell the company to retire.

[Non-caller Question - news headline regarding class action settlement prompted host question] They recapitalized themselves. A ruling was made today on their lawsuit. This is probably the last thing they had to do to clean up. They were caught because they did business with these guys, caught it and then did not disclose it. The damage did more harm than the discloser. He thinks the shorts may be wrong in this one.

There was a knee jerk reaction. He likes it. It is one of the safest yields you will get in pipelines. They announced a plan to increase the dividend over the years. If it fits your mandate he would consider it.

It is going to turn around at some point. There is no question. People in India are not buying electric cars and demand will continue to grow for gas. He thinks you will be okay if you shut out the noise.

It is worth holding on to even though it is so frustrating. Their revenues and earnings have dripped not due to the core business, but because they used to get one off contracts for their products and have not have one in several quarters. They may get one tomorrow or in a year. There core business is doing okay. It is hard to say if they are worth the market cap. They have interesting trials going on. If that works out they will do well. There are no analysts covering the stock.

It has done well. Auto parts. It is probably still good value here. They are gaining market share. His concern is the cycle nearing the end. He is concerned we are getting close to the end of the cycle. The business is being well managed.

They have hotels and casinos, a very well run company. If you put together a portfolio for Alberta’s economy including this one, you are probably getting it at a low.

It is safe here. It does not rely on higher oil prices. Once their project is done they will have a lot more cash to throw around. The downside does not look too bad. (Analysts’ target: $48.11).

It is a turnaround story. We had three good quarters and then three bad quarters. The insiders keep buying a LOT of stock. (Analysts’ target: $1.20).

Music on your cable box. They put up a good quarter recently and raised their dividend. There is insider trading. It is going to become a street darling. It is somewhat illiquid. (Analysts’ target: $10.00).

Cash. You need to hold cash because we are in for some choppy trading. The commodity space is unloved and overlooked.

A Correction. Volatility is at an all time high in the US. We get corrections all the time. He has never said we are going to have a 30-40% bear market, however last year from 2015 highs to lows in 2016, small caps were down 20% in the US so that is a pretty material correction. We have not had a broad correction in a long time. Calling a top is hard and he never does that. He says he is concerned and it is time to shift the portfolio to more defensive stocks, and ETFs that use covered call strategies. It is about asset allocation and sector diversification. Nobody knows when the top is in. He does not like what he sees over the next couple of years and so is defensive in the way he runs his portfolios.

It is tremendously volatile. We had a pop a number of months ago. He suggested at the time that you start playing with options. This might be just a consolidation. He is cautious on this one. Buy into weakness, but don’t chase breakouts, although that is just part of his style of investing. If it breaks support you have to think it is heading into a lower area.