(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 57%). They are building a business out west and selling into the US and Asian markets. They are broadening their business, adding a distribution centre in the US. It is over a $1 billion market cap. It is a core position and he hopes it can double from here. He feels they have cornered the clear cedar market.
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)