Today, Eric Nuttall and Jamie Murray commented about whether AVGO-Q, RCL-N, TFX-N, CGX-T, BAC-N, ADBE-Q, HD-N, ATD.B-T, TEVA-N, CSCO-Q, CCL.B-T, BCE-T, KXS-T, CPG-T, TOU-T, AAPL-Q, KEY-T, OTEX-T, DOL-T, PE-N, SLCA-N, PUMP-N, WPX-N, ATH-T, PE-N, BIR-T, VET-T, TOU-T, PONY-T, VII-T, POU-T, CJ-T, BNP-FP, TCW-T, BTE-T, CR-T, RRX-T, RRX-T, TVE-T, PD-T, CPG-T are stocks to buy or sell.
(A Top Pick September 15/17 Up 52%) This company is a pressure pumping business in fracing in the Permian region. As the E&P companies started to spend again they were one of the first to benefit. However, there is a debate now that costs have increased and there could be too much equipment entering the market, so he has taken some length off the table.
(A Top Pick September 15/17 Up 22%) A pure Permian producer, who just reported earnings and blew the market away with its results. Unlike their peers, they are not constrained by take-away capacity out of the Permian by arranging for long term firm capacity. He thinks Exxon could possibly take them out.
Market. 2018 has been tougher than 2017. Likes technology and they are still overweight on the FANG stocks. Pipelines in Canada are seeing different factors affecting them like the difficulty building the new pipelines. Interest rates moving higher affects all the market in general but more the high dividend paying stocks. Some investor disinterest in Canada. The Canadian dollar being softer vs the US dollar. The Government policies aren’t spurring economic growth like in the US. The competitiveness of Canadian businesses is being affected by many different factors.
He thinks this is a high quality hold, but does not have enough of a high enough beta to oil. Good assets and management team, but won’t be able to really crush it in the next year.