Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
June 20, 2018

He's starting to warm up to retail REITs. It's really out of favour these days. Buy now and it will go sideways for 12 months before it ticks up. Take the dividend now before the stock rises later. He is comparing Riocan to Brookfield who usually buys properties early and are usually right. He wouldn't shy away from Riocan here.

He's starting to warm up to retail REITs. It's really out of favour these days. Buy now and it will go sideways for 12 months before it ticks up. Take the dividend now before the stock rises later. He is comparing Riocan to Brookfield who usually buys properties early and are usually right. He wouldn't shy away from Riocan here.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$24.340
Owned
No
COMMENT
COMMENT
June 20, 2018

He sold it recently, based on a sale within Parkland based on leverage, and he's moving away from leveraged companies. The yield is safe and you can hold it for that, but it's a little too levered for his tastes.

He sold it recently, based on a sale within Parkland based on leverage, and he's moving away from leveraged companies. The yield is safe and you can hold it for that, but it's a little too levered for his tastes.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$32.980
Owned
No
BUY
BUY
June 20, 2018

He's be happy to be long this and sees a little bit of upside left here. It split today and expects it to see $70. The next quarter should be good, because the bad weather this quarter will lead to pent-up demand.

He's be happy to be long this and sees a little bit of upside left here. It split today and expects it to see $70. The next quarter should be good, because the bad weather this quarter will lead to pent-up demand.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$52.860
Owned
Unknown
BUY
BUY
June 20, 2018

He likes their relationship with Air Canada--they handle Jazz for them--a risk-free contract. So, the cash flow is stable. Has a healthy, safe yield. Enjoyed an equity investment from Fairfax, recently. You can be long this stock here.

He likes their relationship with Air Canada--they handle Jazz for them--a risk-free contract. So, the cash flow is stable. Has a healthy, safe yield. Enjoyed an equity investment from Fairfax, recently. You can be long this stock here.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$7.500
Owned
Yes
DON'T BUY
DON'T BUY
June 20, 2018

He gets asked about this stock the most. Fundamentals are solid, but it's highly levered and suffers from a complicated company structure. It's on a long-term downturn. He's on the sidelines, waiting to see how interest rates effect this.

Enbridge (ENB-T)
June 20, 2018

He gets asked about this stock the most. Fundamentals are solid, but it's highly levered and suffers from a complicated company structure. It's on a long-term downturn. He's on the sidelines, waiting to see how interest rates effect this.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$42.280
Owned
No
DON'T BUY
DON'T BUY
June 20, 2018

Many ask him about this stock. He sold his shares recently. Altagas sold its crown jewel asset in BC and replaced it with a lower-case one, which they're now pushing for closure. Their free cash flow isn't impressive. This could grind higher to $28. They will likely sell more assets and borrow more to complete their WGL acquisition.

Altagas Ltd (ALA-T)
June 20, 2018

Many ask him about this stock. He sold his shares recently. Altagas sold its crown jewel asset in BC and replaced it with a lower-case one, which they're now pushing for closure. Their free cash flow isn't impressive. This could grind higher to $28. They will likely sell more assets and borrow more to complete their WGL acquisition.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$26.820
Owned
No
BUY
BUY
June 20, 2018

Very well managed. You can sleep well at night owning this. He hasn't looked at the deal just announced a few hours ago where they bought some Quebec wind farms. Leveraged levels are fine. You can buy this and do okay. Doesn't see a lot of capital appreciation until there's resolution about interest rates rising. A solid company. Fairly valued compared to peers like Fortis.

Boralex Inc. (BLX-T)
June 20, 2018

Very well managed. You can sleep well at night owning this. He hasn't looked at the deal just announced a few hours ago where they bought some Quebec wind farms. Leveraged levels are fine. You can buy this and do okay. Doesn't see a lot of capital appreciation until there's resolution about interest rates rising. A solid company. Fairly valued compared to peers like Fortis.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$20.940
Owned
No