Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
April 3, 2018

He likes the pipelines, though we're not building any right now due to environmentalists. We haven't built any to the coast, so we can't ship any, which makes us beholden to the U.S. That's a big concern. Careful with pipelines, because of interest rate exposure. Pipielines are infrastructure, after all. He likes the yield of TRP which is sustainable. Will add more shares later. It's a solid vehicle.

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TC Energy (TRP-T)
April 3, 2018

He likes the pipelines, though we're not building any right now due to environmentalists. We haven't built any to the coast, so we can't ship any, which makes us beholden to the U.S. That's a big concern. Careful with pipelines, because of interest rate exposure. Pipielines are infrastructure, after all. He likes the yield of TRP which is sustainable. Will add more shares later. It's a solid vehicle.

SPECULATIVE BUY
SPECULATIVE BUY
April 3, 2018

He follows it. He has a $4 target as a speculative buy. Careful because of volatility. Maybe it'll be cheaper later this year. It interests him.

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He follows it. He has a $4 target as a speculative buy. Careful because of volatility. Maybe it'll be cheaper later this year. It interests him.

BUY
BUY
April 3, 2018

Sees an increase in the share price. Likes this one. Copper has had a hell of a year. Teck is well-diversified and also a good play in the Oil Sands. Has a $42 target. A good way to start playing the base metals. Really likes it for its diversification. 7x foward earnings.

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Sees an increase in the share price. Likes this one. Copper has had a hell of a year. Teck is well-diversified and also a good play in the Oil Sands. Has a $42 target. A good way to start playing the base metals. Really likes it for its diversification. 7x foward earnings.

HOLD
HOLD
April 3, 2018

Be cautious and don't shop for dividend stocks in general. Play defence with names like this. Can't speak to ALA's dividend which is above 9%. Generally speaking, take profits and rotate into other sectors and be conservative. With ALA, wait and see. They are broadly based in Alberta, so be even more cautious.

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Altagas Ltd (ALA-T)
April 3, 2018

Be cautious and don't shop for dividend stocks in general. Play defence with names like this. Can't speak to ALA's dividend which is above 9%. Generally speaking, take profits and rotate into other sectors and be conservative. With ALA, wait and see. They are broadly based in Alberta, so be even more cautious.

DON'T BUY
DON'T BUY
April 3, 2018

Imperial is out of favour. It hasn’t made investors any money in a long time. In 2008 it was a $56 stock, now it is $33. It’s book value is $29.40, balance sheet is in strong shape, production is down. If you want to own something in the refinery or E&P space, which is Imperial’s mix, look at Suncor.

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Imperial Oil (IMO-T)
April 3, 2018

Imperial is out of favour. It hasn’t made investors any money in a long time. In 2008 it was a $56 stock, now it is $33. It’s book value is $29.40, balance sheet is in strong shape, production is down. If you want to own something in the refinery or E&P space, which is Imperial’s mix, look at Suncor.

BUY WEAKNESS
BUY WEAKNESS
April 3, 2018

This is on his coverage list but not yet on his recommended list. Book value is $3.47 compared to its price today of $2.85. The balance sheet is in good shape, their debts are relatively low ($83 million compared to 1.17 billion of equity, which he calls a “non-debt company”). They’re coming to their lows of the year. He likes the company a lot and he expects it to do much better than it did last year. However, if oil drops below $60, Trican will probably be hit a little more. He expects to add it to his action alert buy list in Q2. This company has traded on 2x book value a few times, during bull markets for oil. He thinks it can more than double over the next two years.

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This is on his coverage list but not yet on his recommended list. Book value is $3.47 compared to its price today of $2.85. The balance sheet is in good shape, their debts are relatively low ($83 million compared to 1.17 billion of equity, which he calls a “non-debt company”). They’re coming to their lows of the year. He likes the company a lot and he expects it to do much better than it did last year. However, if oil drops below $60, Trican will probably be hit a little more. He expects to add it to his action alert buy list in Q2. This company has traded on 2x book value a few times, during bull markets for oil. He thinks it can more than double over the next two years.

BUY WEAKNESS
BUY WEAKNESS
April 3, 2018

The company has done very well. Balance sheet $180 million against $1.3 billion of debt. Book value is $7.53 so it is trading (at $5.68 on the day of the interview) at a significant discount to book. He expects this company to see $5, though. This company is 90% oil. He expects cash flow this year of about $1 per share. He thinks it will be a good buy when it gets close to $5. This is a good name to own for the cycle. Management is well liked in Calgary.

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The company has done very well. Balance sheet $180 million against $1.3 billion of debt. Book value is $7.53 so it is trading (at $5.68 on the day of the interview) at a significant discount to book. He expects this company to see $5, though. This company is 90% oil. He expects cash flow this year of about $1 per share. He thinks it will be a good buy when it gets close to $5. This is a good name to own for the cycle. Management is well liked in Calgary.