Canada’s energy sector is going to underperform the US. Most of what they do is oil and gas extraction: heavy oil from the oil sands. He is surprised valuation is holding up this much. He sees more downside risk than upside potential. You might be a dip buyer but it is not attractive at this point.

It is not his favourite but he has no issue with it. He is more of an ETF buyer. It is extremely overbought. The yield curve is flattening dramatically so the net interest margin is not going to be there for the banks. Toward the end of next year there is more market risk potential also. There is too much risk to step in at this level.

He likes gold and has been buying it but he buys it through ETFs like ZGD-T. He is playing for a rally where ABX-T gets to $22, 15% upside. He would sell at that point.

In a covered call strategy there are two factors for the distribution: Distribution of equities the ETF holds and premiums from the covered calls. There were no cuts in the stocks’ dividends but volatility shrunk so much this year that the premium from the covered call overlay is coming down and that is what brought the ETF’s distribution down. Don’t worry about it. We will see volatility pick up in the future.

Largely international healthcare companies with an option strategy overlaying it. It is an active strategy. It is a nice combination for exposure to the healthcare sector. It will be a good yielder but not a big grower.

(A Top Pick Apr 7/17, Down 29%) They did a good job of paying down debt. He thinks they will now move on to phase II of the current project and will bring up production. They will more than double production. It will continually bring on more cash flow. He thinks the stock is cheap.

(A Top Pick Apr 7/17, Down 22%) They have done a great job. They are completing their current well in Q2. He recommends buying it on weakness.