This is his largest holding in the oil and gas funds. They grow through their own cash flow and netbacks are great. They price off Brent oil prices. Management has always over-delivered. They have great drilling opportunities and management is A+.

This company provides augers and storage facilities for the farming community. It will be interesting to see if tariffs into the US may hinder sales of grains there. He likes the quality of the recent acquisitions and thinks they have good earnings growth. He has wanted to buy it, but it has always seemed too expensive on the multiples.

This was one of his previous Top Picks. It is one of the cheapest oil and gas stocks. Operationally they have beaten expectations the last couple of quarters.

Unfortunately the gas sector faces production that is stranded and at low commodity prices. He continues to stay away from this sector, but feels the risk-reward is looking better.

They have had some strong numbers and he likes the accretive nature of recent acquisitions. It has a complex story and this may lead into why the multiples are not as good as others.

This is a cheap stock and he likes holding it. It is not a growing business, but they seem to win market share and the balance sheet looks good.

This has been a very good performer for them. He met with management about two weeks ago. The multiple is not cheap, but is still good value and the margins are very good. They may make some additional acquisitions and he likes the management team. Their products fit well with the changing demographics.