Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 13, 2018

As a base metal company, he does not see anything compelling to drive them to the next level. He chose Cameco (CCO-T) instead.

As a base metal company, he does not see anything compelling to drive them to the next level. He chose Cameco (CCO-T) instead.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$9.070
Owned
No
BUY
BUY
April 13, 2018

He has owned this for a long time. Because of the better infrastructure layout, he prefers them over CP. He just doubled their position recently, cognizant of the issues with the new management changes. The infrastructure cannot be replicated, but it still has to be run well.

He has owned this for a long time. Because of the better infrastructure layout, he prefers them over CP. He just doubled their position recently, cognizant of the issues with the new management changes. The infrastructure cannot be replicated, but it still has to be run well.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$93.760
Owned
Yes
COMMENT
COMMENT
April 13, 2018

He loved how the company has done the transformational acquisition. They have taken on a lot of debt, but in a low interest rate environment. He did sell out thinking there was a 20% risk of real inflation and the company may not be able to sell assets to pay for the acquisition.

Altagas Ltd (ALA-T)
April 13, 2018

He loved how the company has done the transformational acquisition. They have taken on a lot of debt, but in a low interest rate environment. He did sell out thinking there was a 20% risk of real inflation and the company may not be able to sell assets to pay for the acquisition.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$24.780
Owned
No
TOP PICK
TOP PICK
April 13, 2018

He thinks the resource space if very good value. Controversial now, but the cash flow is very stable if you are patient. Yield 6.6%. (Analysts’ price target is $52.85 )

Enbridge (ENB-T)
April 13, 2018

He thinks the resource space if very good value. Controversial now, but the cash flow is very stable if you are patient. Yield 6.6%. (Analysts’ price target is $52.85 )

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$40.390
Owned
Yes
TOP PICK
TOP PICK
April 13, 2018

He expects the heavy oil differential to have recovered in a year’s time. Yield %. (Analysts’ price target is $ )

Cenovus Energy (CVE-T)
April 13, 2018

He expects the heavy oil differential to have recovered in a year’s time. Yield %. (Analysts’ price target is $ )

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$12.720
Owned
Yes
TOP PICK
TOP PICK
April 13, 2018

A West African gold miner than can make money and produce $50-$70 million free cash flow for years to come. He want to watch this make money over the next two years. Rarely in his career has seen an opportunity like this one. Yield 0%. (Analysts’ price target is $1.98)

Roxgold Inc (ROXG-T)
April 13, 2018

A West African gold miner than can make money and produce $50-$70 million free cash flow for years to come. He want to watch this make money over the next two years. Rarely in his career has seen an opportunity like this one. Yield 0%. (Analysts’ price target is $1.98)

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$1.160
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 13, 2018

(A Top Pick January 23/17 Up 17%) This is the elephant in the industry. It is a high-quality company. The heavy oil differential has still hurt them despite the improvement in oil prices. Still a core position. He thinks the differential discount will get fixed, especially once Line 3 is completed on Enbridge.

(A Top Pick January 23/17 Up 17%) This is the elephant in the industry. It is a high-quality company. The heavy oil differential has still hurt them despite the improvement in oil prices. Still a core position. He thinks the differential discount will get fixed, especially once Line 3 is completed on Enbridge.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$44.300
Owned
Yes