Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
October 5, 2018

TRP-T or ENB-T? At these prices, he thinks TRP-T is in fantastic shape and the mainline natural gas represents half of the company’s NAV.  Within a short period of time he thinks this will decline to only about 10-15% of NAV.  This signifies how the company is diversifying – although the stock is a little expensive right now.  ENB-T is less dynamic, but he believes their infrastructure is advantaged (as there are few projects being approved) and the dividend continue to grow.  You could own both and not be concerned.   

TransCanada Corp(TRP-T)
October 5, 2018

TRP-T or ENB-T? At these prices, he thinks TRP-T is in fantastic shape and the mainline natural gas represents half of the company’s NAV.  Within a short period of time he thinks this will decline to only about 10-15% of NAV.  This signifies how the company is diversifying – although the stock is a little expensive right now.  ENB-T is less dynamic, but he believes their infrastructure is advantaged (as there are few projects being approved) and the dividend continue to grow.  You could own both and not be concerned.   

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$53.770
Owned
_N/A
COMMENT
COMMENT
October 5, 2018

TRP-T or ENB-T? At these prices, he thinks TRP-T is in fantastic shape and the mainline natural gas represents half of the company’s NAV.  Within a short period of time he thinks this will decline to only about 10-15% of NAV.  This signifies how the company is diversifying – although the stock is a little expensive right now.  ENB-T is less dynamic, but he believes their infrastructure is advantaged (as there are few projects being approved) and the dividend continue to grow.  You could own both and not be concerned.   

Enbridge(ENB-T)
October 5, 2018

TRP-T or ENB-T? At these prices, he thinks TRP-T is in fantastic shape and the mainline natural gas represents half of the company’s NAV.  Within a short period of time he thinks this will decline to only about 10-15% of NAV.  This signifies how the company is diversifying – although the stock is a little expensive right now.  ENB-T is less dynamic, but he believes their infrastructure is advantaged (as there are few projects being approved) and the dividend continue to grow.  You could own both and not be concerned.   

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$43.650
Owned
_N/A
DON'T BUY
DON'T BUY
October 5, 2018

A year ago this stock looked very low and the commodity price was low, however, the companies in this sector were still making money.  He thinks there will be good returns in the sector, but he prefers more torque with companies that will benefit from tighter heavy oil differentials.  

Cardinal Energy Ltd(CJ-T)
October 5, 2018

A year ago this stock looked very low and the commodity price was low, however, the companies in this sector were still making money.  He thinks there will be good returns in the sector, but he prefers more torque with companies that will benefit from tighter heavy oil differentials.  

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$5.030
Owned
No
BUY WEAKNESS
BUY WEAKNESS
October 5, 2018

He recently evaluated this space. As interest rates increase their long term liabilities should become more profitable.  They are cleaning up their operational issues.  He hopes there will be a market pullback, so they might be able to step back in. He actually prefers Manulife (MFC-T), but is watching both. He would love to buy both of these if the stock prices drop by $5.  

He recently evaluated this space. As interest rates increase their long term liabilities should become more profitable.  They are cleaning up their operational issues.  He hopes there will be a market pullback, so they might be able to step back in. He actually prefers Manulife (MFC-T), but is watching both. He would love to buy both of these if the stock prices drop by $5.  

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$50.850
Owned
No
BUY
BUY
October 5, 2018

If you want a company with the most stable contracts in the sector, this is one of the key players, with great connections to Fort McMurray. A great company with great returns. The stock has been sliding as interest rates have gone up and the company has no major growth plans outside of the major polypropylene project. They are spending $3.5 billion on the project and he believes they are on budget and on time. Yield 6%.  

Inter Pipeline(IPL-T)
October 5, 2018

If you want a company with the most stable contracts in the sector, this is one of the key players, with great connections to Fort McMurray. A great company with great returns. The stock has been sliding as interest rates have gone up and the company has no major growth plans outside of the major polypropylene project. They are spending $3.5 billion on the project and he believes they are on budget and on time. Yield 6%.  

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$22.390
Owned
Yes
WATCH
WATCH
October 5, 2018

He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.  

He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.  

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$31.100
Owned
No
WATCH
WATCH
October 5, 2018

He would love to find an entry point. Rising interest rates could be an issue, but feels the bigger issue is that wind and solar are in the crosshairs of government. There is fear the governments could end long term contracts, which could create major headwinds.  

He would love to find an entry point. Rising interest rates could be an issue, but feels the bigger issue is that wind and solar are in the crosshairs of government. There is fear the governments could end long term contracts, which could create major headwinds.  

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$12.900
Owned
No