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.