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He just bought this back as he believes the re-structuring is well along. He is trading it with a tight stop in the “high-teens”. He thinks market analysts are having a hard time categorizing the newly structured company. Yield 10.5%. (Analysts’ price target is $27.41)

When LNG was being talked in BC three years ago, this company was going to be at the forefront with the liquids processing. He likes management and the current valuation. Yield 5.2%. (Analysts’ price target is $42.60)

A well respected natural gas producer that had been trading too expensively. It now trades at a more reasonable 6-7 times cash flow. It remains profitable due to its liquids position. West coast LNG will benefit this stock. Yield 4.3%. (Analysts’ price target is $18.25)

(A Top Pick June 14/17 Down 23%) He sold this and bought it back recently. The WPL acquisition made sense to him, but he was not impressed with their financing strategy. As interest rates were looking to go up, he saw better companies who had lower debt levels. He thinks they are most of the way through their financial re-structuring.

(A Top Pick June 14/17 Up 17%) He thinks this will easily get back to $55 per share. The company is pushing out $5 billion in cash flow per year now. It is now over 1 million barrels per day in production and is already targeting 1.3 million per day. They could be one of only 2 or 3 companies who might dominate the space.

(A Top Pick June 14/17 Down 29%) Falling as gold prices have weakened. He still believes at some point gold will come back in favour. The company continues to make money even at these price levels.

Market and yields. Once short-term rate hit 3%, saw some selling. With USMCA settled, he thought Canadian market would do better. Still not much below where we were a week ago. Right now, we’re in a psychologically negative market, though fundamentals remain solid, especially in Canada. The Mexican side is more stable, and this is positive for us. TSX has been underperforming the S&P 500, so we have some ground that we could catch up.

Is there confidence to come back into the Canadian market? Since July, news was negative on NAFTA, prompting investing elsewhere. It’ll be awhile before we get momentum back. Expects the Canadian market to gain some lost ground.

Rising interest rates and jobs. Canadian jobs data showed too many part-time jobs. Can’t translate short-term results into long-term trends. US employment level at 3% is excellent. Still at historically low rates, wouldn’t get too excited yet. Next month or so, tariff impact from Chinese goods could see a rise in inflation.

Don’t make a judgment based on last couple of days. It’s diversified, and extremely successful over the years. Has always been a bit expensive, but could be a buying opportunity here. One of best managed auto parts companies. (Analysts’ price target is $87.33.)

The short is questionable, but he’s been right in the past. He’s never been enthusiastic on the name, as they always come up with unpleasant surprises, so he’s always gone with Sun Life. Rising interest rates will be positive, but the transition periods are always tricky.

Performed well, but has gone sideways. Fantastic locations have let them do well in the past. Amazon is a problem. Competition is going to get tougher. Take profits and put the money elsewhere where there’s potential for growth, not in retail.

Canadian banks. Banks have outperformed until recently. Backward movement is temporary. Hold on to your banks. Rising rates are a positive, with NAFTA out of the way, and better prospects for the Canadian economy. If the economy does well, banks will do well.

They just signed a big deal. Thinks it will do fine. Airline side is a drag, but Airbus will get them out of that. Excellent product. Prospects look bright. Stock will move up if they can get the South African problem behind them.

Not very positive on China. Big tariff fight with US, economy is in transition from exports to domestic consumer. He’s been reducing exposure to China. If they lose electronics business because of microchips, that could have a major negative impact.