Latest Expert Opinions

Signal
Opinion
Expert
WATCH
WATCH
September 26, 2018

This company has been hit disproportionately hard by the Trans Mountain pipeline delay as a trans-regional shipper of crude.  Their big petrochemical project is a big risk for them, but could be very profitable as well.  The company is well-managed and raised their dividend consistently.  He is watching it now because of the yield.  Yield 7%.  

Inter Pipeline(IPL-T)
September 26, 2018

This company has been hit disproportionately hard by the Trans Mountain pipeline delay as a trans-regional shipper of crude.  Their big petrochemical project is a big risk for them, but could be very profitable as well.  The company is well-managed and raised their dividend consistently.  He is watching it now because of the yield.  Yield 7%.  

Ryan Bushell
President, Newhaven Asset Management
Price
$22.690
Owned
No
HOLD
HOLD
September 26, 2018

This is a significant holding for them. They just spoke with management yesterday and received some good information on their dividend policy. They have been slowing their dividend growth relative to the growth in free cash flow to ensure the company does not have to go into the equity market to dilute shareholder value – a smart move he believes. He thinks it is undervalued at this value.

Northland Power Inc(NPI-T)
September 26, 2018

This is a significant holding for them. They just spoke with management yesterday and received some good information on their dividend policy. They have been slowing their dividend growth relative to the growth in free cash flow to ensure the company does not have to go into the equity market to dilute shareholder value – a smart move he believes. He thinks it is undervalued at this value.

Ryan Bushell
President, Newhaven Asset Management
Price
$21.770
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
September 26, 2018

BCE is in a less favorable competitive position relative to their peers. They are on the verge of having to make large capital gains, like into fibre optics. However, they can now do so with better, more efficient technology than their peers. The shares do have the highest dividend yield of any of its peers and this why they hold it. He thinks he would add to positions if it were to drop into the mid-$40 range. Yield 5.7%.

BCE Inc.(BCE-T)
September 26, 2018

BCE is in a less favorable competitive position relative to their peers. They are on the verge of having to make large capital gains, like into fibre optics. However, they can now do so with better, more efficient technology than their peers. The shares do have the highest dividend yield of any of its peers and this why they hold it. He thinks he would add to positions if it were to drop into the mid-$40 range. Yield 5.7%.

Ryan Bushell
President, Newhaven Asset Management
Price
$52.860
Owned
Yes
HOLD
HOLD
September 26, 2018

He favours TD-T of the major banks due to their brand diversification and product mix.  Canadian banks, in general, are reasonably valued.  He is recommending to buy some, but not creating a large holding at this time.  This would be at the top of the list, although BNS-T might be better value right now.  

Toronto Dominion(TD-T)
September 26, 2018

He favours TD-T of the major banks due to their brand diversification and product mix.  Canadian banks, in general, are reasonably valued.  He is recommending to buy some, but not creating a large holding at this time.  This would be at the top of the list, although BNS-T might be better value right now.  

Ryan Bushell
President, Newhaven Asset Management
Price
$79.220
Owned
Yes
WATCH
WATCH
September 26, 2018

He thinks this area has relatively low grassroots growth potential, but it continues to expand via acquisition – a potentially dangerous business strategy.  He would like to see more of a dividend yield before he really got interested.  Yield 1%.  

He thinks this area has relatively low grassroots growth potential, but it continues to expand via acquisition – a potentially dangerous business strategy.  He would like to see more of a dividend yield before he really got interested.  Yield 1%.  

Ryan Bushell
President, Newhaven Asset Management
Price
$96.170
Owned
No
DON'T BUY
DON'T BUY
September 26, 2018

Canadian light oil producers have been abandoned by investors in general.  He sees safer ways to play the energy space.  He wonders if the dividend might be at risk as the company may need to put capital elsewhere.  Yield 8%.  

Cardinal Energy Ltd(CJ-T)
September 26, 2018

Canadian light oil producers have been abandoned by investors in general.  He sees safer ways to play the energy space.  He wonders if the dividend might be at risk as the company may need to put capital elsewhere.  Yield 8%.  

Ryan Bushell
President, Newhaven Asset Management
Price
$5.150
Owned
No
DON'T BUY
DON'T BUY
September 26, 2018

There continues to be concern over consumer debt levels and eventually this sector will come under substantial pressure.  He wonders how much further the cycle has to go up.  He would stay away.  

goeasy(GSY-T)
September 26, 2018

There continues to be concern over consumer debt levels and eventually this sector will come under substantial pressure.  He wonders how much further the cycle has to go up.  He would stay away.  

Ryan Bushell
President, Newhaven Asset Management
Price
$54.130
Owned
No