Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
November 21, 2018
Buy during rising rates? Good company with a 75% payout ratio. Dividend growth to come. Rising rates won't upset that--he sees 5% dividend and share growth in the coming year. Valuation is in the middle at 15x. Not a huge grower now or a screaming buy. But in a few years, BCE will benefit from 5G when it hits Canada.
BCE Inc.(BCE-T)
November 21, 2018
Buy during rising rates? Good company with a 75% payout ratio. Dividend growth to come. Rising rates won't upset that--he sees 5% dividend and share growth in the coming year. Valuation is in the middle at 15x. Not a huge grower now or a screaming buy. But in a few years, BCE will benefit from 5G when it hits Canada.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$55.790
Owned
Yes
COMMENT
COMMENT
November 21, 2018
Their Q3 beat the street and they're buying back shares. Bad news is they're lowering production--flat growth in coming years. Debt-to-cash flow is 2.3x which is fine. Dividend safe. But if WTI keeps falling, it'll hurt CNQ. Oil prices are manipulated by OPEC, Russia and Trump. CNQ is great at $60-70 WTI.
Their Q3 beat the street and they're buying back shares. Bad news is they're lowering production--flat growth in coming years. Debt-to-cash flow is 2.3x which is fine. Dividend safe. But if WTI keeps falling, it'll hurt CNQ. Oil prices are manipulated by OPEC, Russia and Trump. CNQ is great at $60-70 WTI.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$35.630
Owned
Unknown
SPECULATIVE BUY
SPECULATIVE BUY
November 21, 2018
Expensive vs. peers, but excellent assets and an efficient operator. He sees 10% growth. He likes it. Buy only if oil hits $60-70.
Arc Resources Ltd(ARX-T)
November 21, 2018
Expensive vs. peers, but excellent assets and an efficient operator. He sees 10% growth. He likes it. Buy only if oil hits $60-70.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$10.500
Owned
Unknown
SPECULATIVE BUY
SPECULATIVE BUY
November 21, 2018
About 66% of production lies outside Canada. It's trading cheaper than historically. He sees cash flow per share growth. Safe dividend. Good balance sheet. Market didn't like their last quarter because of weakness/concerns in the Caribbean and European operations. They made some acquisitions that'll benefit them. Buy if you feel oil will top $60-70.
Vermillion Inc(VRML-Q)
November 21, 2018
About 66% of production lies outside Canada. It's trading cheaper than historically. He sees cash flow per share growth. Safe dividend. Good balance sheet. Market didn't like their last quarter because of weakness/concerns in the Caribbean and European operations. They made some acquisitions that'll benefit them. Buy if you feel oil will top $60-70.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$0.530
Owned
Unknown
HOLD
HOLD
November 21, 2018
Safe dividend. 16x valuation. No growth over two years. Okay for capital and a hold, but not for new investors.
Inter Pipeline(IPL-T)
November 21, 2018
Safe dividend. 16x valuation. No growth over two years. Okay for capital and a hold, but not for new investors.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$22.090
Owned
Unknown
BUY
BUY
November 21, 2018
Safe dividend. Good balance sheet. 17x earnings. Headwinds coming with planned outages. Likes it.
Capital Power(CPX-T)
November 21, 2018
Safe dividend. Good balance sheet. 17x earnings. Headwinds coming with planned outages. Likes it.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$27.140
Owned
Unknown
COMMENT
COMMENT
November 21, 2018
Cheap at 9.6x earnings. Solid dividend. Red Hat deal was good for them. It's tempting to buy now, but...he needs to see more of a catalyst, other companies with better growth.
IBM(IBM-N)
November 21, 2018
Cheap at 9.6x earnings. Solid dividend. Red Hat deal was good for them. It's tempting to buy now, but...he needs to see more of a catalyst, other companies with better growth.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$118.570
Owned
Unknown