There are short term opportunities in the oil patch due to Venezuela’s collapse and restraints within Saudi Arabia. CNQ is the quality play in this sector, so someone who buys this company is not hurting themself. However, he thinks there are way better places to make money than resources. He thinks the Permian will drown the market with more oil and there are difficult issues in access to market for heavy Canadian crude. This is a well-run company but this type of business is too tough at the moment.

This has been a quality Canadian company that has rolled up utilities across North America. Rising rates will put a squeeze on all utility companies. This is a great company; there is no reason to sell it, but he can’t get excited enough to buy it here. (Analysts’ price target is $48)

They make communication satellites. Orders are big but are few and far between. When the company gets orders, there’s a lot of excitement in the stock and when it doesn’t get them, there’s a lot of disappointment but there’s also a possibility of cost overruns. This is a very volatile business (and stock). He owns some on the possibility that it will bounce back to $70 but he considers this high risk. Dividend is 3.23% but volatility can wipe this out. The stock is down over 40% this year because of disappointment from the conference call which included postponement of orders.

This has been a continuous grower and the business has been solid for the past few years. This is a stock that will let you sleep well at night.

This is a great company. When WalMart entered Canada, they considered Canadian Tire the one company that was unassailable. They’ve done a good job of diversifying and of controlling the sports business in Canada. Their business model--control small-town Canada--has been very dependable. However, they are dependent on external factors. For example, it has to snow enough for them to sell snow-seasonal items. The stock has done very well over the past 5 years. He sees no reason not to own it, but he wouldn’t buy more. It costs too much.

This is the voting stock. It is more thinly traded and appears to be less expensive per share so it might be the stock someone would buy now if they were going to own shares.

(A Top Pick November 13, 2017. Up 34%). He bought this stock expecting inflationary food prices to take it up, then tripled his position when Amazon caused a panic by buying Whole Foods. He sold off the investment and has bought other consumer stocks with the proceeds.