A home run as one of the few energy stocks up over the past few years. Phenomenal management. His only concern is that he doesn't have a feel for their inventory depth and would love to drill down more about it. Also, YGR could be more freely traded. Otherwise, let it run. Looks atractive.

The first CEO to announce (this week) that the existing model is broken (divergence of company's value and its stock price), so he announced strategic alternatives. Should be applauded for this leadership. Used to be the premium stock in this space. What may happen is they merge with a similar company or spin-off an asset. Trades at 4.3X cash flow (formerly 8x). (Analysts' target of $10.04)

One of his biggest holdings. Cash flow can grow 20% annually. Sees strong upside. A good way for Canadian investors to gain U.S. exposure. (Analysts' target of $19.88)

An exciting, new stock. An American pressure pumper that endured bankruptcy. Possessese high-equality equipment and in-house manufacturing. Their margin is higher than their peers. Off the radar, and trading at a great valuation. 36% free cash flow for 2019. Nearly 50% upside. (Analysts' target of $29.33)

A bank that he admired for many years, but it turned out they were doing some things they shouldn’t be doing. If you are a very long-term investor, you will do OK with this one, but he prefers other choices. (Analysts’ price target is $64.93)

Magna is an auto parts manufacturer. It is also in Europe. He has warm feelings for Magna. If you own it, you would probably do OK with it.

His second largest holding. They double down on it a few months ago. The country’s largest restaurant and casual dining chain. It was suffering because its exposure to Alberta mainly. They made a couple of very good acquisitions (most recently The Keg). They are reporting better to expected earnings and metrics and the stock responded accordingly but till a cheap stock.