Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
August 28, 2018

He owns some in his larger-cap strategies. It’s a great business, a great holding company and he expects to see a steady increase in dividends. He likes the underlying subsidiaries. He sees it as a smaller version of Berkshire Hathaway that gets to play in deals that are too small for Berkshire Hathaway.

He owns some in his larger-cap strategies. It’s a great business, a great holding company and he expects to see a steady increase in dividends. He likes the underlying subsidiaries. He sees it as a smaller version of Berkshire Hathaway that gets to play in deals that are too small for Berkshire Hathaway.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$56.690
Owned
Yes
WAIT
WAIT
August 28, 2018

He doesn’t think the new tariffs will hurt the stock because they sell into Europe and Asia. However, the US has opened a lot of fishing areas, which has significantly depressed clam prices. The Canadian government also took away one of Clearwater’s clam licenses and gave it to an indigenous nation. However, there were ethical issues in that process and the license is coming back up for bids. In the meantime, it is going back to Clearwater for a year. That will help. In general, it is a good company that is facing a lot of headwinds. It also has a lot of debt. He isn’t ready to buy YET. He wants to see a turnaround in the pricing of their products.

He doesn’t think the new tariffs will hurt the stock because they sell into Europe and Asia. However, the US has opened a lot of fishing areas, which has significantly depressed clam prices. The Canadian government also took away one of Clearwater’s clam licenses and gave it to an indigenous nation. However, there were ethical issues in that process and the license is coming back up for bids. In the meantime, it is going back to Clearwater for a year. That will help. In general, it is a good company that is facing a lot of headwinds. It also has a lot of debt. He isn’t ready to buy YET. He wants to see a turnaround in the pricing of their products.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$5.600
Owned
No
DON'T BUY
DON'T BUY
August 28, 2018

He has a small short position. He doesn’t think it is a bad company, but the earnings trend has been down. They have made a few bad investments. The company invests mostly in debt rather than taking an equity position in the companies it invests in. Its portfolio is concentrated, 8-to-10 companies. He doesn’t think the dividend is at risk. Tax loss selling season will start in 6 weeks, so this is likely to keep going down into then. After that is over, he expects to look at it from the long side again.

Alaris Royalty (AD-T)
August 28, 2018

He has a small short position. He doesn’t think it is a bad company, but the earnings trend has been down. They have made a few bad investments. The company invests mostly in debt rather than taking an equity position in the companies it invests in. Its portfolio is concentrated, 8-to-10 companies. He doesn’t think the dividend is at risk. Tax loss selling season will start in 6 weeks, so this is likely to keep going down into then. After that is over, he expects to look at it from the long side again.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$18.720
Owned
No
BUY
BUY
August 28, 2018

They have a microwave-based technology for extracting oil compared to a solvent-based one. This is faster. There is no guarantee that it will be the winner, among competing technologies, but in a sector that has a lot of future growth, this might do very well. It is speculative.

They have a microwave-based technology for extracting oil compared to a solvent-based one. This is faster. There is no guarantee that it will be the winner, among competing technologies, but in a sector that has a lot of future growth, this might do very well. It is speculative.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.940
Owned
Yes
DON'T BUY
DON'T BUY
August 28, 2018

He shorts companies that show a downward trend. This company has been going down for quite a while. The business model for independent channels has been difficult and he doesn’t see a reason for that to change soon. They did a big dividend cut. Tax loss season is coming which will put further downward pressure on the stock.

He shorts companies that show a downward trend. This company has been going down for quite a while. The business model for independent channels has been difficult and he doesn’t see a reason for that to change soon. They did a big dividend cut. Tax loss season is coming which will put further downward pressure on the stock.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$3.950
Owned
No
DON'T BUY
DON'T BUY
August 28, 2018

He used to own this as part of an interest in content creation. He thinks that cycle has played out and he is now short this sector.

He used to own this as part of an interest in content creation. He thinks that cycle has played out and he is now short this sector.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$26.090
Owned
No
TOP PICK
TOP PICK
August 28, 2018

This is a junior producer in the Montney. They have 140 sections in northeast BC. Current production base is 3500 barrels per day and they just had a discovery in a different area, which can increase their production to 4000. The cost of each well is very low so there is fast payback, typically 18 months to pay for a well. He thinks the new discovery is drawing attention from bigger players, such as Tourmaline, that might buy the new play or the whole company. The CEO owns a big chunk of stock and has been in this type of situation, and sold his company, before. He thinks a takeout will be above $3 and that it should get close to $3 even if there is no takeout. (Analysts’ price target is $2.73)

This is a junior producer in the Montney. They have 140 sections in northeast BC. Current production base is 3500 barrels per day and they just had a discovery in a different area, which can increase their production to 4000. The cost of each well is very low so there is fast payback, typically 18 months to pay for a well. He thinks the new discovery is drawing attention from bigger players, such as Tourmaline, that might buy the new play or the whole company. The CEO owns a big chunk of stock and has been in this type of situation, and sold his company, before. He thinks a takeout will be above $3 and that it should get close to $3 even if there is no takeout. (Analysts’ price target is $2.73)

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$1.950
Owned
Yes